Give your family the financial security they deserve

5-year delay will cost you - 39% ^*more
Cover yourself for whole life ^{^}
Life cover that grows every year ⁺
Cover your large responsibilities with you policy
It's an insurance policy, not a loan

Reliance Digi Term Insurance Plan

Product Presentation

Option 1

Life Secure

Option 2

Enhanced Life Secure

Whole Life Secure

Under this option, you are insured for Whole of Life. A lump sum benefit equal to the Sum Assured on Death is payable, on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit

Rajeev, aged 27, buys Reliance Nippon Life Digi-Term Insurance Plan, Whole Life Secure Option with a life cover of ₹ 50 Lakhs.

Rajeev pays premiums till the age of 65.

Unfortunate death at age 80. His family, the nominees receive sum assured of ₹ 50 Lakhs

Life Secure

Under this option, a lump sum benefit equal to Sum Assured on Death is payable, on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit

Rohit, aged 30, buys Reliance Nippon Life Digi-Term Insurance Plan, Life Secure Option with a Life Cover and Policy Term of 30 Years.

Rohit pays regular premium

Unfortunate death or diagnosis of terminal illness in Year 15. Rohit's family, the nominees, receive Sum Assured of ₹ 1 Crore.

Enhanced Life Secure

Under this option, your life cover increases by a simple rate of 5% p.a. at each policy anniversary subject to a maximum increase of 100% of Base Sum Assured chosen at inception.
A lump sum benefit equal to Sum Assured on Death is payable, on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit

Rishabh, aged 30, buys Reliance Nippon Life Digi-Term Insurance Plan, Enhanced Life Secure Option with a Life Cover of ₹ 50 Lakhs and and Policy Term of 35 Years.

Rishabh pays regular premium

Unfortunate death or diagnosis of terminal illness in Year 15. Rishabh's family, the nominees, receive Sum Assured of ₹ 85 Lakhs.

Life & Income Secure (Level Income Benefit)

Under this option, a lump sum benefit equal to Sum Assured on Death, plus a monthly income for a period of 10 years is payable on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit plus

Level monthly income of 0.5% of Base Sum Assured for 10 years

Kishore, aged 27, buys Reliance Nippon Life Digi-Term Insurance Plan, Life & Income Secure (Level Income Benefit) Option with a Life Cover of ₹ 50 Lakhs and and Policy Term of 35 Years.

Rishabh pays regular premium for 15 years

Unfortunate death or diagnosis of terminal illness in Year 15. Rishabh's family, the nominees, receive Sum Assured of ₹ 50 Lakhs.

Life & Income Secure (Increasing Income Benefit)

Under this option, a lump sum benefit equal to Sum Assured on Death, plus a monthly income of 0.5% of the Base Sum Assured, increasing at a simple rate of 10% p.a., for a period of 10 years is payable on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit plus

Increasing monthly income of 0.5% of Base Sum Assured increasing 10% p.a. for 10 years

Kamal, aged 35, buys Reliance Nippon Life Digi-Term Insurance Plan, Life & Income Secure (Increasing Income Benefit) Option with a life cover of ₹ 1 Crore and Policy Term of 35 years.

Kamal pays regular premium for 15 years.

Unfortunate death or diagnosis of terminal illness in Year 15. Kamal's family, the nominees, receive Sum Assured of ₹ 1 Crore.
His family also gets a monthly income of ₹ 50,000 in 1st year, increasing by 10% p.a. for 10 years. (Total monthly income paid over 10 years - ₹ 87 Lakhs)

Whole Life Secure

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit

Rajeev, aged 27, buys Reliance Nippon Life Digi-Term Insurance Plan, Whole Life Secure Option with a life cover of ₹ 50 Lakhs.

Rajeev pays premiums till the age of 65.

Unfortunate death at age 80. His family, the nominees receive sum assured of ₹ 50 Lakhs

Life Secure

Under this option, a lump sum benefit equal to Sum Assured on Death is payable, on the earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit

Rohit, aged 30, buys Reliance Nippon Life Digi-Term Insurance Plan, Life Secure Option with a Life Cover and Policy Term of 30 Years.

Rohit pays regular premium

Unfortunate death or diagnosis of terminal illness in Year 15. Rohit's family, the nominees, receive Sum Assured of ₹ 1 Crore.

Enhanced Life Secure

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit

Rishabh, aged 30, buys Reliance Nippon Life Digi-Term Insurance Plan, Enhanced Life Secure Option with a Life Cover of ₹ 50 Lakhs and and Policy Term of 35 Years.

Rishabh pays regular premium

Unfortunate death or diagnosis of terminal illness in Year 15. Rishabh's family, the nominees, receive Sum Assured of ₹ 85 Lakhs.

Life & Income Secure (Level Income Benefit)

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit plus

Level monthly income of 0.5% of Base Sum Assured for 10 years

Kishore, aged 27, buys Reliance Nippon Life Digi-Term Insurance Plan, Life & Income Secure (Level Income Benefit) Option with a Life Cover of ₹ 50 Lakhs and and Policy Term of 35 Years.

Rishabh pays regular premium for 15 years

Unfortunate death or diagnosis of terminal illness in Year 15. Rishabh's family, the nominees, receive Sum Assured of ₹ 50 Lakhs.

Life & Income Secure (Increasing Income Benefit)

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit plus

Increasing monthly income of 0.5% of Base Sum Assured increasing 10% p.a. for 10 years

Kamal, aged 35, buys Reliance Nippon Life Digi-Term Insurance Plan, Life & Income Secure (Increasing Income Benefit) Option with a life cover of ₹ 1 Crore and Policy Term of 35 years.

Kamal pays regular premium for 15 years.

Whole Life Secure

Event

On Death / Diagnosis of Terminal Illness

Benefit

Sum Assured on Death is paid as a lump sum benefit

Rajeev, aged 27, buys Reliance Nippon Life Digi-Term Insurance Plan, Whole Life Secure Option with a life cover of ₹ 50 Lakhs.

Rajeev pays premiums till the age of 65.

Unfortunate death at age 80. His family, the nominees receive sum assured of ₹ 50 Lakhs

*For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Reliance Nippon Life Digi-Term Insurance Plan (UIN-121N135V03)

* Comparison between case 1: Life Secure - SA - 1 Cr., PT - 30 years, Male, Non-smoker, Age 30 years (Premium - Rs. 8,900) and case 2: Life Secure - SA - 1 Cr., PT - 30 years, Male, Non-smoker, Age 35 years (Premium - Rs. 12,393). Premiums are exclusive of applicable taxes and levies.
^ Available only under Whole Life Secure option
+ Available only under Enhanced Life Secure Option

What are term plans?

Term Plans help you financially secure your family’s future in case of uncertainties like death, disability and disease, at a fixed premium rate for a fixed period. Term policies are much less expensive than your traditional insurance plans and allow you to take a high coverage at affordable premiums.
The Digi-Term Insurance plan provides comprehensive coverage against major life risks of death and terminal illness. This unique Terminal Illness Benefit is premised on paying the sum assured to the policyholder in case of diagnosis of any terminal illness which can be used for either seeking alternate treatment and/or planning the legacy for survivors. This benefit is embedded into the product at no extra cost to customers. You can further enhance your coverage to eventualities such as accidental death, total and permanent disability, and diagnosis of a critical illness using our range of riders.
The nominee of the insured life gets the total pay-out in case of either untimely death or diagnosis of terminal illness in the life insured during the policy term. This benefit can be paid out as a lump sum pay out or a combination of lump sum and monthly pay out.

Term insurance is affordable

There is no investment component in term plans; this is a pure insurance product

Online purchase of the term insurance plan will save you lot of money on administration and other charges

For a cover of 10 times of your annual income, you just pay annually a sum of 1-2% of your annual income

0 %

Claim Settlement Ratio ¹

0 Days

Claim Settlement Guarantee²

Rs. 0 Cr/-

Assets Under Management³

0

Extensive Network of Offices⁴

¹Individual death claim ratio as of Mar 31, 2020, computed basis claims settled over total individual claims for the Financial Year 2020 --- ² Claims where one or more mandatory documents are not supmitted / Claims which warrant investigations / Claims from lapsed policies will be excluded from the above guarantee. --- ³ Company Audited Accounts --- ⁴ As on 31st March 2020

Buying the term plan later will be costlier than you think

Term insurance is considered one of the most cost-effective ways to protect against life’s uncertainties. However, most people typically tend to ignore the need of insurance until they reach life’s milestones where they may realise an increased responsibility to financially protect their family. These delays in purchase can be more disadvantageous than it may appear:

Cost of deferment
You remain vulnerable
Financial Burden of Competing Expenditures

If you buy term insurance at a young age, your premiums are much lower than if you buy later. This is due to lower mortality charge levied by the life insurance company at younger ages, which tends to increase with age. So, greater delays in buying the term plan, higher the premium you will end up paying.

Additionally, as you grow older, health conditions might change from the late 30's to 40s.There could be onset of lifestyle diseases, which could mean you are charged higher premiums or in some cases, even rejection of the policy.

In the absence of life insurance coverage, you and your loved ones remain exposed to the risks and uncertainties of life, during a phase of life when your family may not be able to meet their regular expenses and future needs in your absence. In case of unfortunate circumstances, your family may need to prematurely liquidate your investments to maintain their lifestyle.

Few people anticipate the consequence of competing expenditures that arise with postponing the purchase of a term plan. With time, you have other financial obligations such as education expenses, home and car loan EMIs which implies competing demands for your money by multiple important expense heads. The term plan premium payment only adds to the difficulty.

Frequently Asked Questions (FAQ)

What are the plan options available under this product?
There are 5 plan options available with Reliance Digi Term Insurance Plan :
- Life Secure: Sum Assured on Death shall be payable in lump sum on earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.
- Enhanced Life Secure: Sum Assured on Death shall be payable in lump sum on earlier of death or diagnosis of Terminal Illness, provided the Policy is in force. In this plan option, your life cover increases by a simple rate of 5% p.a. at each policy anniversary subject to a maximum increase of 100% of Base Sum Assured chosen at inception
- Life & Income Secure (Level Income Benefit): Sum Assured on Death shall be payable in lump sum plus a monthly income benefit for a period of 10 years shall be payable on earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.
  Under this option, monthly income shall be 0.5% of Base Sum Assured and is payable for 10 years.
- Life & Income Secure (Increasing Income Benefit): Sum Assured on Death shall be payable in lump sum plus a monthly income benefit for a period of 10 years shall be payable on earlier of death or diagnosis of Terminal Illness during the Policy Term, provided the Policy is in force.
  Under this option, monthly income shall be 0.5% of Base Sum Assured, it will increase at a simple rate of 10% p.a. and shall be payable for 10 years.
- Whole life Secure: Under this option, Sum Assured on Death shall be payable in lump sum on earlier of policyholder’s death or diagnosis of terminal illness and the policy shall terminate.
What is Terminal illness?

Life Assured shall be regarded as terminally ill only if that Life Assured is diagnosed as suffering from a condition which, in the opinion of two independent medical practitioners’ specializing in treatment of such illness, is highly likely to lead to death within 12 months.

The terminal illness must be diagnosed and confirmed by medical practitioners registered with the Indian Medical Association and approved by the Company. The Company reserves the right for independent assessment.
What period will I be covered for?

You can choose to be covered for any term from 15 to 40 years subject to meeting the maximum maturity age. For Whole Life Secure Option, you will be covered for the whole of life.
How long do I pay premiums for?
You can choose to pay from the following premium paying options available with this plan:
- Regular pay (For all options except Whole Life Secure) - You pay premiums throughout the chosen policy term
- Limited pay (For Whole Life Secure) – Under this option, you pay premiums until the attainment of 65 years of age.
Who can buy Reliance Nippon Life Digi-Term Insurance Plan?

Anyone between the age of 18 to 60 (25 to 60 for Whole Life Secure Option) can buy this plan.
What are the premium payment frequencies available under this policy?

Premiums can be paid on a Yearly, Half-Yearly, Quarterly or Monthly basis.
What are the Riders available under this plan?
To safeguard yourself and your family members against certain unfortunate events, we offer the following riders with this plan at a nominal cost.
- Reliance Nippon Life Accidental Death Rider
- Reliance Nippon Life Accidental Death and Disability Rider
- Reliance Nippon Life Accidental Death and Disability Plus Rider
Only one of the above three accidental riders can be attached with the base policy at any point in time.

Reliance Nippon Life Critical Illness Rider.

For further details on all the conditions, exclusions related to the insurance riders, please read the rider terms and conditions and rider sales brochure carefully or contact your insurance advisor.

What is the Sum Assured on Death in this plan?

Sum Assured on Death is higher of –

(i) 10 times of Annualised Premium
(ii) Guaranteed Sum Assured on Maturity
(iii) Absolute Amount Assured to be paid on Death

Where “Absolute Amount Assured to be paid on Death” is equal to Base Sum Assured for all plan options except for Enhanced Life Secure plan option.

For Enhanced Life Secure plan option, “Absolute Amount Assured to be paid on Death” is equal to Base Sum Assured increased by simple rate of 5% p.a. at each policy anniversary subject to maximum increase of 100% of Base Sum Assured chosen at inception.

Can I avail Loans against this plan?

There is no loan facility available under this plan.
Can I surrender this policy?
Surrender Value is applicable only for and Whole Life Secure plan option.

The policy shall acquire a Surrender Value:
- For Premium Payment Term less than 10 years: If premiums have been paid in full for at least the first two consecutive years
- For Premium Payment Term greater than or equal to 10 years: If premiums have been paid in full for at least the first three consecutive years
For more details on surrender benefit, please refer the product brochure.
What happens if I discontinue paying premiums?

If you discontinue the payment of premiums before your Policy has acquired a Surrender Value, your Policy will lapse at the end of the grace period and the Death Benefit and rider benefits, if any, will cease immediately and no benefits will be paid when the Policy is in lapsed status.

If the Policy has acquired a Surrender Value and no future premiums are paid, you may choose to continue your Policy on Paid-up basis. For a Paid-up Policy, the benefits under the plan will be reduced

For more details on benefits under paid-up policy, please refer the product brochure.
How can I revive a lapsed policy?

You can revive your lapsed/paid-up policy and the riders for its full coverage within five years from the due date of the first unpaid premium but before policy maturity, by paying all outstanding premiums together with the interest, as applicable.
Will I be eligible for any tax benefits under this plan?

Premiums paid under Reliance Nippon Life Digi-Term Insurance Plan and rider(s) opted for, if any, are eligible for tax exemptions, subject to the applicable tax laws and conditions
What is the Free Look Period?

In the event, you disagree with any of the terms and conditions of this policy, you may cancel this policy by returning the Policy Document to the Company within 30 days of receiving it, subject to stating your objections. The Company will refund the premiums paid by you less a deduction of the proportionate risk premium for the time that the Company has provided you life cover up to the date of cancellation and for the expenses incurred by the Company on medical examination and stamp duty charges.
Can I nominate or assign this policy?

Nomination is allowed as per Section 39 of the Insurance Act, 1938, as amended from time to time. Assignment is allowed under this plan as per Section 38 of the Insurance Act, 1938, as amended from time to time.

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Plan Option	Death Benefit or Diagnosis of Terminal Illness
Life Secure Enhanced Life Secure Whole Life Secure	Sum Assured on Death
Life & Income Secure (Level Income Benefit)	1. Sum Assured on Death; plus 2. Level monthly income of 0.5% of Base Sum Assured shall be payable for 10 years
Life & Income Secure (Increasing Income Benefit)	1. Sum Assured on Death; plus 2. Increasing monthly income of 0.5% of Base Sum Assured increasing at simple rate of 10% p.a. shall be payable for 10 years.

Event	Additional Sum Assured (% of original Base Sum Assured)	Maximum Additional Sum Assured allowed
Marriage (first marriage only)	50%	Rs. 50,00,000
Birth/Legal adoption of 1^st child	25%	Rs. 25,00,000
Birth/Legal adoption of 2^nd child	25%	Rs. 25,00,000

Give your family the financial security they deserve

Reliance Digi Term Insurance Plan

Whole Life Secure

Life Secure

Enhanced Life Secure

Life & Income Secure (Level Income Benefit)

Life & Income Secure (Increasing Income Benefit)

Whole Life Secure

Life Secure

Enhanced Life Secure

Life & Income Secure (Level Income Benefit)

Life & Income Secure (Increasing Income Benefit)

Whole Life Secure

What are term plans?

Term insurance is affordable

0 %

0 Days

Rs. 0 Cr/-

0

Buying the term plan later will be costlier than you think

Awards

Awarded “Insurance Company of the Year”

ET Now BFSI Awards, 2019

Awarded “Best Life Insurance Company”

ABP News BFSI Awards, 2018

Awarded “Insurance Company of the Year”

India Insurance Summit and Awards, 2019

Frequently Asked Questions (FAQ)

Popular Search

Give your family the financial security they deserve

Reliance Digi Term Insurance Plan

Life Secure

What are term plans?

Term insurance is affordable

0 %

0 Days

Rs. 0 Cr/-

0

Buying the term plan later will be costlier than you think

Awards

Awarded “Insurance Company of the Year”

ET Now BFSI Awards, 2019

Awarded “Best Life Insurance Company”

ABP News BFSI Awards, 2018

Awarded “Insurance Company of the Year”

India Insurance Summit and Awards, 2019

Frequently Asked Questions (FAQ)

Popular Search

Secure your financial future