Reliance Nippon Life Term Insurance Plan
Reliance Nippon Life is considered as one of the leading companies providing life insurance in India. Through this, various types of insurance products are introduced in the Indian insurance market. Term insurance plans offered by it are quite popular due to their availability at affordable premiums.
Through Reliance Nippon Life Term Insurance Plan, the insured person can secure his family members financially. If the life assured dies during the policy term, the amount is provided as insurance benefit by Reliance Nippon Life to the person nominated by the life assured. Through this insurance benefit, the family members of the insured can easily meet their financial needs.
Reliance Nippon Life Term Insurance Plan also gives you the option of adding riders to enhance your life coverage and gives you multiple options for premium payment. You can choose any premium payment option as per your convenience.
Features Of Reliance Nippon Life Term Insurance Plan
The features of Reliance Nippon Life Term Insurance Plan are as follows-
- It offers you the maximum term plan coverage at the lowest premium.
- In this term insurance plan, you get several options for premium payment. You can pay your premium monthly, quarterly, half-yearly and annually.
- In this, you can customize your term plan as per your requirement.
- This term insurance plan gives you the option of getting additional coverage by adding riders to your term coverage.
- In this, you also get the option of free-look period and grace period.
Benefits Of Reliance Nippon Life Term Insurance Plan
The benefits of Reliance Nippon Life Term Insurance Plan are as follows-
- Affordable Premiums:
It is known to provide you the maximum term insurance coverage at the lowest premium. It is specially designed as a budget friendly term insurance plan so that common people can also get the benefits of a term insurance plan despite having a low budget.
- Premium Payment Frequencies:
In this, you get many options in the form of premium payment frequency. You can adjust your premium payment according to your capacity. You get the option to pay your premiums monthly, quarterly, half-yearly and annually.
- Customization:
In this, you can customize your term insurance plan as per your requirement. Reliance Nippon Life Term Insurance Plan provides you with everything you need to add to your term plan. You can get the benefits of a term plan by customizing your term plan as per your convenience.
- Riders:
You also get the option of adding riders to the Reliance Nippon Life term insurance plan. If you want to increase the coverage of your term plan further, then you can do so by adding riders to it. You have to pay some additional premium for adding a rider.
Reliance Nippon Life Term Insurance Plan
Following are the term insurance plans offered by Reliance Nippon Life :
- Reliance Nippon Life Protection Plus
- Through this plan, you can secure your family members financially.
- This term plan gives you a variety of options. Such as- Level Cover Plan, Increasing Cover Plan, Level Cover Plus Income Plan and Whole Life Cover Plan.
- It offers you a term plan at affordable premiums.
- In this you also get Enhanced Coverage Option. You can enhance your term plan coverage at different stages of your life.
2. Reliance Nippon Digi-Term Insurance Plan
- The main feature of this term insurance plan is that it comes with an in-built terminal illness benefit.
- This term insurance plan provides you the option of customizing the term plan as per your requirement.
- In the event of the death of the life assured, the death benefit is provided to the nominee.
- Reliance Nippon Saral Jeevan Bima
- In this term insurance plan, you get a minimum sum assured of rs. 5 lakh and a maximum sum assured of rs.25 lakh.
- In this you get flexible premium payment option. You can choose your premium payment as per your requirement.
- It gives you the benefits of a term plan at very affordable premiums.
Reliance Nippon Life Term Insurance Plan Eligibility
Eligibility for Reliance Nippon Life Term Insurance Plan are as follows-
- The minimum age for Reliance Nippon Life Term Insurance Plan should be 18 years.
- The maximum age for Reliance Nippon Life Term Insurance Plan should be 65 years.
- Medical checkup may be required for Reliance Nippon Life Term Insurance Plan.
Documents Required For Reliance Nippon Life Term Insurance Plan
You also need to provide some essential documents in order to buy Reliance Nippon Life Term Insurance Plan.
The documents required for Reliance Nippon Life Term Insurance Plan are as follows-
- application,
- medical report
- Photo,
- occupancy rate,
- identity proof,
- age proof,
- Income ratio.
Reliance Nippon Life Term Insurance Plan Premium
Reliance Nippon Life Term Insurance Plan offers you several convenient premium payment options. One can go with whatever premium payment one wants to as per their requirement.
In this, you get the option of monthly, quarterly, half-yearly, yearly and single premium payment options for paying premiums for your term plan.
You need to pay your premiums on time to continue with the coverage of your term plan. Your term plan coverage ceases if you stop paying your premiums.
How To Buy Reliance Nippon Life Term Insurance Plan?
You can buy Reliance Nippon Life Term Insurance Plan through online as per your convenience. To buy through online you have to visit the official website of Reliance Nippon Life.
On the official website, you will find a section on term insurance plans. You can go there and choose your desired Reliance Nippon Life Term Insurance Plan and buy it online from the comfort of your home.