Monday, 15 August 2016

Reliance Life Insurance, Chennai

Reliance Life Insurance specializes in insurance products that help in satisfying the protection and savings requirements of its policyholders. The organization aims at becoming one of the leading international providers of life insurance products and services.

It is a part of the Reliance Capital group, which in turn is a member of the Reliance Group. Reliance Capital is already among the leading privately owned providers of financial services and is among the top 3 organizations in the banking and financial services sector.

Following are some of the areas where Reliance Capital operates:

  • Asset management

  • Communications

  • Mutual funds

  • Energy

  • Stock broking

  • Natural resources

  • Life insurance

  • Media

  • General insurance

  • Entertainment

  • Proprietary investments

  • Healthcare

  • Private equity

  • Infrastructure


Reliance Life Insurance Major Achievements
Following are some of the major accomplishments of Reliance Life Insurance:

Till March 31, 2012 it is the biggest privately held life insurer for amount of policies sold for two straight years
It has won the Best Non-Urban Coverage Award in the Indian Insurance Awards 2011
It has a large network comprising 150,000 counselors and 1230 branches
Its Boundaries for Books Campaign has won the Silver prize at the Indian Digital Media Awards 2012 (IDMA) in the Best Use of Social Network - Social Cause and Best Integrated Campaign - Social Cause categories
It has sold more than 9 million policies
According to the Most Trusted Services Brands 2011 survey of Brand Equity it is one of 3 most trusted brands of the insurance sector
It is among the top life insurance providers that have received the ISO 9008:2001 certification
Reliance Life Insurance Products
Reliance Life Insurance provides products for both individuals and groups. For individuals it offers protection plans, child plans, savings and investment plan, and health plan. The products in the individual section may be enumerated as below:Protection Plans

  • Reliance Life Insurance eTerm Plan

  • Reliance Endowment Plan

  • Reliance Life Insurance Money Multiplier Plan

  • Reliance Super Five Plus

  • Reliance Term Plan

  • Reliance Connect 2 Life Plan

  • Reliance Simple Term Plan

  • Reliance Whole Life Plan

  • Reliance Credit Guardian Plan

  • Reliance Cash Flow Plan

  • Reliance Special Credit Guardian Plan


Savings and Investment Plans

  • Reliance Life Guaranteed Maturity Insurance Plan

  • Reliance Life Insurance Classic Plan

  • Reliance Life Insurance Classic Plan - II

  • Reliance Cash Flow Plan

  • Reliance Life Insurance Guaranteed Money Back Plan

  • Reliance Endowment Plan

  • Reliance Life Insurance Pay Five Plan

  • Reliance Super Five Plus

  • Reliance Life Insurance Classic Plan - Limited Premium

  • Reliance Whole Life Plan

  • Reliance Life Insurance Money Multiplier Plan

  • Reliance Connect 2 Life Plan


Child Plans

  • Reliance Child Plan


Health Plan

  • Reliance Life Care for You Plan


In the groups section Reliance Life Insurance offers two types of plans - employers liability solutions and employee protection solutions. They may be further elucidated as below:

Employer Liability Solutions

  • Reliance Life Insurance Group Leave Encashment Plus Plan

  • Reliance Life Insurance Group Gratuity Plus Plan

  • Reliance Traditional Group Gratuity Plan


Employee Protection Solutions

  • Reliance Jan Samriddhi Plan

  • Reliance Group Term Assurance Plan

  • Reliance Group Credit Shield Plan

  • Group Term Insurance Plan - EDLI


The following products have been withdrawn by Reliance Life Insurance:

  • Reliance Life Insurance Highest NAV Advantage Plan

  • Reliance Super Golden Year Value Term 10 Plan

  • Reliance Life Traditional Golden Years Plan

  • Reliance Money Guarantee Plan

  • Reliance Life Highest NAV Guarantee Plan

  • Reliance Super Golden Years Plus Term 10 Plan

  • Reliance Wealth + Health Term 10 Plan

  • Reliance Super Golden Years Term 10 Plan

  • Reliance Life Money Guarantee Basic Plan

  • Reliance Super Golden Years Basic Plan

  • Reliance Life Money Guarantee Term 10 Plan

  • Reliance Total Investment Series II Term 10 Plan - Pension

  • Reliance Total Investment Series I Term 10 Plan - Insurance

  • Reliance Super Automatic Investment Term 10 Plan

  • Reliance Life Premier Term 10 Plan

  • Reliance Super Automatic Investment Basic Plan

  • Reliance Life Premier Basic Plan

  • Reliance Super Market Return Plan

  • Reliance Super InvestAssure Basic Plan

  • Total Investment Plan II - Pension

  • Reliance Super Golden Years Basic Plan

  • Reliance Wealth + Health Basic Plan

  • Reliance Imaan Investment Basic Plan

  • Reliance Life Secure Child Basic Plan

  • Reliance Super Market Return Basic Plan

  • Reliance Super Golden Years Plan

  • Reliance Super Market Return Term 10 Plan

  • Reliance Super InvestAssure Basic Plan

  • Reliance Super Golden Years Value Basic Plan

  • Reliance Life Secure Child Term 10 Plan

  • Reliance Traditional Super InvestAssure Plan

  • Reliance Super Golden Years Plan - Value

  • Reliance Premier Life

  • Reliance Wealth + Health Plan

  • Reliance Super InvestAssure Plus Plan

  • Reliance Golden Years Plan - Plus

  • Reliance Life Super Golden Years Term 10 Senior Citizen Plan

  • Reliance Secure Child Plan

  • Reliance Super Invest Assure Plan

  • Reliance Group Gratuity

  • Total Investment Plan I - Insurance

  • Group Leave Encashment Plan

  • Reliance Super Automatic Investment Plan

  • Reliance Imaan Investment Plan

  • Reliance Super Golden Years Value Basic Plan


Reliance Life Insurance Premium Payment Choices
The various ways through which Reliance Life Insurance policyholders can pay their premium may be mentioned as below:

  • Online

  • Easy Bill outlets

  • IVR - 30338181 and 1800 3000 8181

  • Bill Desk accounts

  • Reliance Life Insurance branches

  • Bill Junction accounts

  • Axis Bank branches

  • Electronic bill payment

  • Stock Holding Corporation of India Limited branches

  • Credit card

  • YES Bank branches

  • Electronic Clearing Services

  • IDBI Bank branches


Policyholders can also download the Direct Debit Forms from the following address and pay their premiums:

http://www.reliancelife.com/rlic/PayPremiumOnline/PayPremiumOnline/ECSandDDForm.pdf

Reliance Life Insurance Claims Procedure
The policyholders of Reliance Life Insurance can file their claims under the following categories:

  • Critical illness

  • Survival and maturity benefit

  • Accidental death benefit / total and permanent disability

  • Wealth + Health

  • Death

  • EB claims


The claims can be sent to the closest Reliance Life Insurance branch or the Claims Department may be contacted in this regard:

THE CLAIMS DEPARTMENT
Reliance Life Insurance Co.
Reliance House,
No. 6, Haddows Road, 6th Floor,
Nungambakkam, Chennai - 600 006

They may also visit the following link to download claims forms:

http://www.reliancelife.com/rlic/Claims/ClaimsForms/claims_forms.aspx