Reliance Nippon Term Insurance Calculator

Reliance Nippon Term Insurance Calculator

Reliance Nippon Life Insurance Company is one of the leading private sector life insurance companies in India. It is a joint venture between Reliance Capital and Nippon Life and started its operations in 2001. The company works with strong values while ensuring financial freedom to its customers.

Headquartered in Mumbai, Reliance Nippon offers various life insurance plans, including term insurance, retirement plans, child plans, savings, and investments catering to the different requirements of individuals. The term insurance plans offered by Reliance ensure financial security to the insured’s family in his or her absence.

The term plan calculator by Reliance Nippon is an online tool that helps calculate your insurance premium accurately against the desired sum assured based on your entered inputs such as age, gender, cover, etc.

Benefits of Reliance Nippon Term Insurance Premium Calculator

  • Quick calculation & Accurate premium: A term insurance calculator is carefully designed to calculate premium payment payable. By just entering your details like age, gender, and life cover, you can accurately estimate your premiums to be paid. 
  • Free Comparison: The Reliance Nippon term plan premium calculator assists you in comparing different term insurance plans, which can help you settle on the right buying choices with no bother. 
  • Saves Time: Term insurance premium calculators save time against the manual calculation of premiums. These are easy to use and provides you with the exact premium amount to be paid in less than a minute. 

Reliance Nippon Term Insurance Plans

  • Reliance Nippon Life Protection Plus
  • Reliance Nippon Digi-Term Insurance Plan
  • Reliance Nippon Saral Jeevan Bima Plan

Below are the details about term insurance plans offered by Reliance Nippon Term Insurance Plans:

Reliance Nippon Life Protection Plus: Reliance Nippon Life Protection Plus is a term plan that guarantees the policyholder’s family financial assurance during the sudden demise of the policyholder. This plan gives you the option to choose from different cover plans – Level Cover Plan, Increasing Cover Plan, Level Cover Plus Income Plan, and Whole Life Cover Plan.

Reliance Nippon Digi-Term Insurance Plan: Reliance Nippon Digi-Term Insurance policy includes an in-built terminal illness benefit offering death benefit. This policy gives the flexibility to customize this plan by providing multiple life cover options: Reality Secure, Enhanced Life Secure, Life and Income Secure, Life and Income Secure, and Whole Life Secure.

Reliance Nippon Saral Jeevan Bima Plan: Reliance Nippon Saral Jeevan Bima is a standard term insurance plan that assists your loved ones with financial security in your absence. This term plan comes with features like flexible premium payment terms and frequency, tax benefits, and much more. Reliance Nippon Saral Jeevan Bima is an affordable term insurance plan with easy-to-understand and simple guidelines. 

Benefits of Reliance Nippon Term Insurance Plans

Reliance Nippon Life Insurance term insurance plans provide a secure financial future to the policyholder’s family in case of his or her untimely demise. Term protection plans, being a definitive security plan, shield your family from monetary battles during the testing times and give them various advantages like tax benefits and more. Moreover, term plans offered by Reliance Nippon Life come at a reasonable premium cost along with an add-on advantage for riders.

  • Affordable Premiums: Reliance Nippon term insurance plans are intended to give comprehensive life cover at a budget-friendly price to fit into every individual’s budget and necessities. 
  • Various Premium Payment Frequencies: Reliance Nippon term insurance plans offer you different frequencies for making premium payments. You can opt from – Monthly, Quarterly, Half-yearly, or Annual premium payment mode according to your preferences. 
  • Modified Protection: Reliance Nippon term protection plans give life cover and the option to modify the term insurance plan by providing multiple plan options.
  • Riders: While buying any Reliance Nippon term insurance plans, the policyholder can add riders that give extra advantages and improve the assurance.

 

FAQs:

For what reason would it be a good idea for me to purchase Reliance Nippon term insurance plans?

Purchasing Reliance Nippon term insurance plans is prudent, assuming you need to get your family's financial future secure in your absence without paying a lot of premiums. Moreover, on purchasing term insurance plans from Reliance Nippon, you will get benefits like lump sum payout in case of the sudden demise of the policyholder.

Is it possible to cancel my Reliance Nippon term insurance plan at any time?

If you want to cancel your Reliance Nippon term insurance plan, you can do so within 15 days (free-look period) of buying it. The free look period is 30 days in case the policy is bought offline.

If I miss the due date for paying a premium, will I be permitted to pay my term insurance premium?

Indeed! You will be permitted to pay your term insurance premium within the grace period of 30 days (15 days in case of monthly mode).

Does Reliance Nippon life insurance policy cover death caused by COVID-19?

Yes, Reliance Nippon Life insurance policies cover death caused due to COVID-19.

Who can file the Reliance Nippon Life Insurance claim?

The policy nominee or the claimant can file the claim for the Reliance Nippon Life Insurance policy. The policyholder can likewise file a claim in case of an accidental disability or critical illness diagnosis.

What is the process to get my correspondence address changed at Reliance Nippon Life Insurance?

To get your correspondence address changed post-issuance of the policy, you need to submit a written request along with the address proof at the closest Reliance Nippon Life branch. The change of address will reflect within 2 working days.

What are the various elements that influence the premium cost of an insurance policy?

Factors like policyholder's age, gender, total sum assured, profession, lifestyle, medical history, policy type, tenure, and riders are some of the factors that influence the cost of policy premiums.

Would I be able to change the premium payment frequency for my Reliance Nippon Life Insurance policy?

Yes, the frequency for premium payment can be changed on the policy anniversary by submitting a signed request to Reliance Life Insurance.

Does tobacco consumption influence the premium costs?

Smokers or those who consume tobacco generally have to pay higher premiums due to the high risk associated with their health.

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