Reliance Nippon Life Insurance is a leading insurance company and an integral part of Reliance Capital. The company offers a variety of life insurance plans for NRIs. With Reliance Nippon Life Insurance for NRIs, Indians living abroad can get protection and meet their financial goals. Reliance Nippon Life Insurance offers protection, savings and investment plans for NRI customers.
Also Read: Why NRIs need life insurance policy in India?
Reliance Nippon Life Insurance plans for NRIs
Reliance Nippon Life offers a host of life insurance plans for NRIs to cater to the insurance requirements of an individual as well as a group. NRIs can meet their insurance requirements with a range of different types of plans offered by Reliance as under:
- Savings & Investment Plans
- Child Insurance Plans
- Retirement Plans
- ULIP
- Term Insurance Plans
Also Read: NRI Life Insurance Policy: Which one to opt?
Reliance Nippon Life Insurance for NRIs – Savings & Investment Plans
These plans serve a dual purpose – provide a saving avenue to customers and also offer life insurance coverage at the same time. These plans are designed to grow a strong corpus over time for your future requirements, so that you can experience the joys of life and fulfill your family’s requirements. Here are the savings and investment plans offered by Reliance Nippon.
Reliance Nippon Life Super Endowment Plan
It is a non-linked, non-participating, individual, savings life insurance plan that ensures you can save for your future needs along with life cover and provides protection to your family in case of your untimely death.
Reliance Nippon Life Super Money Back Plan
It is a guaranteed money back plan that provides regular payouts at periodic intervals along with a lump sum payment every 5 years of the policy till maturity. Along with a flexible premium payment plan, this plan also provides loyalty addition points payable at the end of the premium payment term and maturity addition points payable at the end of the policy term.
Reliance Nippon Life Guaranteed Money Back Plan
It is a non-participating, non-linked money back plan issued for a term of 15 or 20 years with liquidity at various stages in life. This plan helps you save for the long-term and assures guaranteed money back at the last five years of the policy along with loyalty additions and maturity additions. This plan has an in-built accidental death benefit as well as the waiver of premium benefit to help the family of the policyholder continue to fulfill their goals even in case of his/ her untimely death.
Reliance Nippon Life Fixed Savings
This is a term insurance plan that offers maturity benefits along with death benefits consisting of the sum assured and 105% of all the paid premiums in case of the untimely demise of the policyholder. This policy provides protection to the buyer and his family against any kind of unforeseen incidents.
Reliance Nippon Bluechip Savings Insurance Plan
This is a term plan that ensures maturity benefits and maturity additions up to 7% per annum of the basic sum insured and death benefits of the sum assured plus bonuses if any and 105% of all the paid premiums in case of the untimely death of the policyholder.
Reliance Nippon Life Increasing Income Insurance Plan
This plan increases the monthly income of a policy buyer. There are two options to choose from – income with maturity benefit and only income option. The benefits vary depending on the option opted by the borrower.
Reliance Nippon Life Fixed Money Back
This plan is offered for 15 to 20 years with a flexible premium payment period. Life fixed money back plan assures fixed money back at the last five years of the policy along with loyalty addition up to 3% of the sum assured certain maturity benefits. There are two plans to choose from and the benefits vary depending upon the option opted by a policyholder.
Reliance Nippon Life Lifelong savings plan
It assures two cover options – standard option that provides a lump sum amount on maturity of the plan along with life cover and the second plan provides an extended life cover for the entire life even after completion of the policy term.
Reliance Nippon Life Future Income
This plan offers an annual income every year along with a lump sum benefit at the end of the maturity period. Along with certain riders, the plan comes with life cover to enhance the protection limit.
Reliance Nippon Life Super Endowment Plan
This is a term plan offered for a period of 10 to 25 years. It comes with a lump sum amount along with bonuses at the time of maturity. It also offers benefits to the family members of the buyer in case of the untimely death of the buyer.
Reliance Nippon Life Child Insurance Plans
All parents want to give their children joy and a bright career. Child insurance plans offered by Reliance Nippon Life Insurance offer the best avenues for NRIs to start saving systematically so that they can secure their child’s future needs, be it higher education, his/her first home or any other requirements. This plan ensures that you will always be there for your child when he or she needs you. Reliance Nippon Life insurance plan is the best gift you can ever present to your child.
Reliance Retirement Plans
Reliance Retirement Plans allow you to save money for your retirement so that you can enjoy your retirement life and continue the same lifestyle after retirement. It ensures that you continue to get some income post retirement and you don’t have to depend on any other person or make any compromise to maintain a healthy lifestyle.
Reliance Nippon Life Insurance ULIP Plans
These plans are linked to market returns that offer life cover along with guaranteed returns.
Reliance Nippon Life Classic Plan II
This is a long-term plan that allows NRIs to invest in multiple funds and offers them the flexibility to switch between various funds depending upon the market conditions. Policyholders also get life cover and additional protection against accidental death.
Reliance Nippon Life Term Insurance Plans
Reliance Nippon Life Protection Plan
It is an affordable term insurance plan offered by Reliance Nippon Life Insurance. This plan helps you live a stress-free life by providing financial protection to your loved ones in your absence.
Reliance Nippon Life Digi-Term Insurance Plan
This is an online Reliance Nippon Life Insurance plan that offers a large life insurance cover at affordable premiums in just a few clicks. For this plan, your medical tests can be conducted in the comfort of your own home.
Reliance Nippon Life Saral Jeevan Bima
This term insurance plan offered by Reliance Nippon Life Insurance for NRIs helps you live tension-free by providing financial protection to your loved ones in your absence.
Also Read: How to choose term insurance as an NRI (Non-Resident Indian)
Mode of Payment
Payment of premiums of Reliance Nippon Life Insurance for NRIs can be made using any of the following methods:
- NRE account
- NRO account
- Cards
- Net banking
- Wallets
- UPI
- Google pay
- NRE/NRO cheque
Also Read: HDFC Life NRI Plans: Insurance Types & Benefits
Living away from India, it is not easy for NRIs to make a decision related to life insurance. At SBNRI, we understand that there are many obstructions faced by NRIs while trying to buy life insurance in India. You can download SBNRI App to connect with our experts and get end-to-end assistance related to an NRI life insurance policy.
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