Frequently Asked Questions!

Life insurance is a financial plan that gives a lump sum or regular payment to your family or nominee when the policy matures or if the policyholder passes away unexpectedly. It helps secure your family’s financial future.

IndusInd Nippon Life Insurance (INLIC) provide personalized life insurance plans with flexible options, competitive prices, and a reliable claim settlement ratio of 98.9%. We have a network of over 700 branches across India and more than 60,000 advisors.

You can choose from term plans, endowment plans, Unit Linked Plans (ULIPs), retirement plans, and child education plans to fit your financial goals and protection needs.

You can purchase policies online through our website, visit any IndusInd Nippon Life branch or give us your contact details so that we can reach out to you to help you make an informed decision.

You can make payments and manage your policy online, INLIC Customer Connect App, at INLIC branches, or through our 24x7 WhatsApp bot – RENI.

Review your policy every year or during major life events such as marriage, birth, or job changes. Update contact and nominee details whenever changes occur.

You are given a grace period. If you do not pay during that time, the policy may lapse or continue with reduced benefits according to the terms.

Yes, premiums are eligible for tax benefits under section 80C and maturity proceeds under section 10(10D) according to Indian tax laws.

Medical tests may be required based on age, policy amount, and plan type. Some plans do not need a medical test.

The coverage amount depends on your income, debts, family expenses, and future goals. Online calculators can help estimate your needs.

Yes, you can own several policies for different protections or higher coverage.

Yes, you can adjust payment methods like monthly, quarterly, or annually according to policy rules. For more details, please read the product brochure and policy documents carefully.

Certain situations, such as suicide in the first year, war, or self-inflicted injuries, may be excluded based on policy terms. For more details, please read the product brochure and policy documents carefully.

You can check online, through the Customer Connect mobile app, customer care number xx, or branch visits with your policy or customer ID.

Bonuses depend on the insurer’s profits and policy type and are either added to the sum assured or paid periodically.

This is the amount you receive if you cancel your policy before it matures, which is usually less than the total premiums paid.

This is the minimum amount guaranteed after a few years, calculated as a fixed percentage of premiums paid, excluding the first year.

This is a higher payout when you surrender your policy, which includes bonuses and the values of paid-up policies.

This is a policy that remains active with a reduced sum assured after you stop paying premiums.

This is the extra time after the due date to pay premiums without the policy lapsing.

Policy riders are optional add-ons to your main life insurance that provide extra coverage for specific risks, such as critical illness or accidental death, for an additional premium. They allow you to customize your policy to protect against unforeseen events without needing to buy a separate plan.

This is the guaranteed death or maturity payout specified in your policy.

This is the amount paid if the insured survives the policy term.

Bonuses are based on insurer profits and policy terms. They can be added as cash or an increased sum assured.

You can submit nomination forms online, at a branch, or through customer service to designate beneficiaries.

Generally, proceeds are tax-free, but you should check current tax laws for specifics.

You can check online, through the app, or contact customer care using your policy or customer ID.

This ratio is the percentage of claims the insurer pays. A higher ratio indicates trustworthiness.

Some plans may offer cashback, loyalty additions, or discounts on premiums, but freebies like free trips, high Return on Investment in a short time, or gifts are never a part of an insurance policy. Beware of any such offers, and if you have any questions, feel free to email us at xxx.