Reliance Nippon Life Super Suraksha
Reliance Nippon Life Insurance
Our Verdict
Reliance Nippon Super Suraksha is ideal for individuals seeking high coverage with flexible payouts and rider benefits. While it ensures financial security, the lack of maturity benefits makes it purely protection-focused.
About the Plan
Reliance Nippon Super Suraksha is a comprehensive term insurance plan designed to provide financial security to your loved ones in case of an unfortunate event. It offers flexible policy terms, multiple payout options, and high coverage at affordable premiums. The plan includes additional benefits such as accidental death coverage and critical illness riders, ensuring enhanced protection. With options for regular, limited, or single premium payments, it caters to different financial needs. It also provides tax benefits, making it a well-rounded life protection solution.
About the Plan
Eligibility
• Entry Age :
18 to 65 years
• Maximum Maturity Age :
75 years
• Policy Term :
20 to 55 years
• Minimum Sum Assured :
₹25,00,000
• Premium Payment Term :
Regular Pay or Limited Pay (10 or 15 years)
• Premium Payment Frequency :
Yearly, Half-Yearly, or Monthly
• Citizenship :
Indian residents and NRIs (subject to underwriting)
Eligibility
Features of the Product
Terminal Illness
If the life insured is diagnosed with a terminal illness during the policy term, a portion of the sum assured is paid in advance.
Zero Cost Option
It offers plan variants like Return of Premium and Early Return of Premium, where 105% of total premiums paid are returned at maturity or upon reaching a certain age.
Total Permanent Disability Payout
In the event of total and permanent disability due to an accident, this rider provides a payout equal to the rider sum assured, disbursed in equal annual installments over a 10-year period.
Premium Payment Customizations
Policyholders can choose from Single Pay, Limited Pay, or Regular Pay options. The premium payment frequency can be adjusted to monthly, half-yearly, or yearly modes.
Exclusions
Death due to suicide within 12 months from the policy commencement or revival date is excluded, with limited payout.
Death or disability due to participation in hazardous activities or adventure sports is not covered.
Claims arising from self-inflicted injuries, substance abuse, or intoxication are excluded.
Pre-existing medical conditions may not be covered unless explicitly stated.
Death or disability due to war, terrorism, or civil unrest is excluded.
Involvement in criminal activities leading to death or disability is not covered.
Any exclusions mentioned in the policy document apply.
Exclusions
Accidental Death - The Reliance Nippon Life Super Suraksha Plan offers an Accidental Death Benefit that provides additional financial security in case of the policyholder’s accidental demise. This benefit ensures that the nominee receives an enhanced payout over and above the basic sum assured
Critical Illness - The Reliance Nippon Life Super Suraksha Plan offers a Critical Illness Benefit through an optional rider. This rider provides financial support if the policyholder is diagnosed with a listed critical illness, ensuring a lump sum payout to cover medical expenses, loss of income, or other financial needs during treatment.
Add-ons
If you are a woman
Female policyholders can avail of all standard benefits, including life cover, optional riders, and premium payment flexibility. Some insurers may offer preferential premium rates or additional coverage options for women.
Note :
Suicide Clause : In the event of the Life Assured's death due to suicide within 12 months from the date of commencement of risk under the base policy or from the date of revival of the policy, the nominee or beneficiary shall be entitled to 80% of the Total Premiums Paid till the date of death, provided the policy is in force.
Free look up period: The policy offers a 30-day free look period from the date of receipt of the policy document. If unsatisfied, the policyholder can return it for cancellation, receiving a refund after deducting applicable charges.
Grace Period: The policy provides a grace period of 30 days for yearly, half-yearly, and quarterly premium payments, and 15 days for monthly payments. During this period, the policy remains in force with full risk cover.
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About the Company
Reliance Nippon Life Insurance Company (RNLIC), established as a private sector life insurance provider in India, is part of the global financial conglomerate. The organisation, which has its headquarters in India, specialises in offering a range of insurance plans that offer complete financial security.
Reliance Nippon Life Insurance offers a range of life insurance products tailored to meet the needs of individuals, families, and businesses. Their offerings include term plans, investment plans, health plans, and retirement solutions. The company emphasizes customer-centric services and innovation, aiming to enhance financial security and provide wealth-building options. With a vast distribution network, they aim to make insurance accessible to all segments of society.