Quick Overview
Reliance Nippon Life Insurance was officially rebranded as IndusInd Nippon Life Insurance Company (INLIC) in December 2025. This transition has caused some confusion among existing policyholders and buyers searching for “reliance term insurance”.
In this guide, we break down the insurer’s performance metrics, eligibility rules, plan features, and key exclusions. After going through this guide, you will be able to decide whether their term plans fit your profile or if a more established insurer may be a better choice.
Metrics Disclosure of Reliance Term Insurance
Note: For the Amount Settlement Ratio, we’re considering the average data of 2021-2024 since the data for FY24- FY25 hasn’t been released yet.
How IndusInd Compares with Other Insurers
IndusInd Nippon Life’s numbers are genuinely strong. A claim settlement ratio close to 99% puts it in the same league as well-known private insurers, while its complaint volume of 2.89 is among the lowest in the industry, which is a big positive. The solvency ratio is comfortably above IRDAI’s requirement, signalling good financial health.
That said, insurers like Axis Max Life and HDFC Life still lead the market in terms of scale, product depth, and long-term consistency.
Reliance Term Insurance Plan Offerings
Eligibility Criteria for Reliance Term Insurance Plans
1) Super Suraksha Plus
Super Suraksha Plus is available for individuals aged 18 to 60 years, with maturity allowed between 38 and 85 years, depending on the variant. The minimum sum assured starts at ₹50 lakhs with no maximum limit, subject to underwriting. The plan is open to salaried and self-employed individuals who have completed at least SSC education and have a minimum annual income of ₹2.5 lakhs.
2) Super Suraksha Elite
Super Suraksha Elite is available for individuals aged 18 to 60 years, with maturity allowed between 38 and 85 years. The minimum sum assured starts at ₹2 crores with no maximum limit, subject to underwriting. The plan is open to salaried and self-employed individuals who are graduates or above and have a minimum annual income of ₹10 lakhs.
Ditto’s Take: Super Suraksha Elite has stricter eligibility filters, making it suitable mainly for high-income professionals. Super Suraksha Plus is more accessible but still excludes informal-sector workers and low-income profiles.
Reliance Term Insurance Premiums
Premiums for IndusInd Nippon Life term plans are generally competitive but not the cheapest in the market. While pricing may look reasonable for clean underwriting profiles, insurers like Axis Max Life and ICICI Prudential often offer more stable long-term pricing with wider rider flexibility.
Let’s look at a basic premium illustration for healthy non-smoking males, covered till the age of 70.
Premium Details
Note: The final quotes can change based on the add-ons added and the underwriting that takes place.
For more information, you can refer to the premium chart of both plans:
Features and Benefits of Reliance Term Life Insurance
1) Super Suraksha Plus
- Minimum cover: starts at ₹50 lakhs (no stated maximum, subject to underwriting).
- Policy term: can go up to 50 years.
- Core positioning: It is a protection plan, but the life plus variant includes a return-of-premium style maturity benefit.
- Flexible death payout: The nominee can choose from a lump sum, a monthly income, or a combination of the two.
- Insta Payout: ₹1 lakh is paid within 2 working days of claim registration (subject to document submission and eligibility). For natural death, the policy must have completed 3 years, but for accidental death, 1 policy year is enough.
- Enhanced Coverage Benefit (Step-Up Option): You can increase your base sum assured, under the Life variant, at key life milestones such as marriage, childbirth, or taking a home loan without the need for fresh underwriting.
2) Super Suraksha Elite
- Minimum cover: starts at ₹2 crores (no stated maximum, subject to underwriting).
- Policy term: up to 50 years.
- No maturity benefit since this is a pure term plan.
- Flexible death payout: The nominee can choose from a lump sum, a monthly income, or a combination of the two.
- Insta Payout: ₹2 lakh is paid within 2 working days.
- Enhanced Coverage Benefit (Step-Up Option): You can opt to increase the sum assured at key life milestones. This option is available only under regular pay policies and must be selected at policy inception.
Riders Available with Reliance Term Plans
Accidental Death and Disability Rider
The accidental death and disability rider pays an extra benefit on accidental death and also offers a payout if the policyholder suffers permanent total or partial disability due to an accident. This can help replace lost income and manage long-term expenses arising from disability.
Critical Illness Rider
The critical illness rider offers a lump-sum payout upon diagnosis of one of the 25 specified critical illnesses, such as cancer, heart attack, or stroke. The amount can be used for treatment costs, recovery expenses, or income replacement during the recovery period. The minimum and maximum policy terms for the rider are 5 and 15 years, respectively.
Accidental Death Benefit Rider
The accidental death benefit rider provides an additional payout if the policyholder dies due to an accident during the policy term. It also helps boost the total claim amount, offering extra financial support to the family in case of sudden, accidental loss.
What is Covered and Not Covered in Reliance Term Insurance?
How to Buy Reliance Term Life Insurance?
You can purchase IndusInd Nippon Life term plans:
- Directly from the insurer’s website
- Through certified advisors and insurance platforms
Before buying, ensure you review rider costs, exclusions, and claim documentation requirements carefully.
Why Choose Ditto for Term Insurance?
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Conclusion: Should You Opt for IndusInd Nippon Life Insurance?
IndusInd Nippon Life has quietly built a solid foundation. From a numbers perspective, it stands shoulder to shoulder with many established private insurers. That said, the insurer is still relatively small in scale, and the recent change in promoters means it’s a phase worth watching closely. Operational stability and management continuity will become clearer only over time.
If you meet the eligibility criteria and are looking for a no-frills, pure protection plan from a financially stable insurer, IndusInd Nippon Life is a reasonable option to consider.
However, if you value proven scale, broader plan flexibility, a wider set of riders, and a longer operating track record, insurers such as Axis Max Life, HDFC Life, or Bajaj Life may be better suited at this stage.
Disclosure: IndusInd Nippon Life is not a partner insurer of Ditto. The above information is sourced from the insurer’s official website, IRDAI disclosures, and other publicly available documents.
Frequently Asked Questions
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