Reliance Nippon Life Insurance

Through Pazcare, employers can secure their employees’ financial interests by opting to provide Reliance Nippon life group term assurance plus plan. You can get the best quotes for the Reliance Nippon life group term assurance plus plan and manage the policy using Pazcare’s tech-enabled dashboard. With the easy integration of HRMS, the dashboard becomes an easy-to-use tool to keep track of plans and endorse future employees too.

How to buy Reliance Nippon group term assurance plus plan from Pazcare?

The following steps allow you to purchase the Reliance Nippon group term assurance plus plan online from Pazcare.

Step 1: Visit https://www.pazcare.com/ and click on the products drop down and choose group term life insurance.

Step 2: You will be asked to fill out a form on the right side of your desktop screen. Your name, mobile number, work email and employee strength need to be mentioned. Click on the ‘Get Quote’ button below the same.

Step 3: Once the said form is submitted, one of our insurance consultants will get back to you to understand your requirements in detail. Some other employee data like - the employee ID, the CTC, the designation, etc. will also be asked to provide you with quotes. 

Step 4: Once the aforementioned steps are completed, we will get back to you with the best quotes for the Reliance Nippon group term assurance plus plan.

Step 5: You can accept the terms and conditions of the policy and pay the premium quoted for that particular year. The policy gets activated immediately after the purchase.

Step 6: Our team will help you with the whole process and also take you through the Pazcare dashboard where you can manage the Reliance Nippon life group term assurance plus plan.

For further information, write to us at support@getpaz.com or call our customer care at +91 78291 11300. Alternatively, connect with us on Whatsapp using the number +91 81973 79596.

Reliance Nippon Life group term assurance plus plan

The Reliance Nippon life group term assurance plus plan offers financial assistance to your team in unforeseen events. The loss of a person cannot be compensated but with Reliance Nippon life group term assurance plus plan, the family members can be taken care of in these uncertain times. Through this plan, the family members of the insured employee can sustain themselves. 

The Reliance Nippon life group term assurance plus plan also gives the option to increase the base sum assured, subject to the Board approved underwriting policy of the Company, either at inception or on renewal of the Master policy on the Annual Renewal Date. The Reliance Nippon life group term assurance plus plan also gives the option to choose the payment method from the following options - yearly, half-yearly, quarterly or monthly.

Reliance Nippon Life group term insurance renewal

The Reliance Nippon life group term assurance plus plan can be renewed easily with Pazcare at the end of the policy term. Here is how you can go about it - 

Step 1: Get in touch with Pazcare. Submit the form containing details like your name, name of the company, number of employees you wish to insure, work email address, and phone number.

Step 2: Once the form is submitted, one of our insurance consultants will get in touch with you and request you to submit the following documents.

• Active data of the employees - name, age, gender, designation, CTC, Covid status and vaccination report, etc
• Claim history of the last 3 years along with the reason for the death of the employees (if any)
• Policy copy

Step 3: After submitting the above-mentioned details you can choose to add any additional riders to the policy if required. These riders are Reliance Nippon life group accidental death benefit rider and Reliance Nippon life group accidental total and permanent disablement rider. Once you make your decision, we will get back to you with the best quotes for your Reliance Nippon life group term assurance plus policy.

Step 4: The next step is to agree to the terms and conditions of the policy and pay the premium for your Reliance Nippon life group term assurance plus plan. 

Step 5: The policy will get activated immediately after the payment of the premium. Our team will guide you through the whole process and help you with the onboarding process as well.  

We will make sure that your purchase of Reliance Nippon life group term assurance plus plan experience will be seamless using our Pazcare dashboard. Your employees can access their policy using Pazcare’s employee app which is available for iOS and Android both.

Reliance Nippon life insurance claim settlement ratio

The claim settlement ratio is simply the number of claims settled to the number of claims received. A higher number indicates that more claims were settled in a financial year. The claim settlement ratio for Reliance Nippon life insurance company has a claim settlement ratio of 98.12% for the financial year 2019-20. 

Reliance Nippon Life group term life insurance premium