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Reliance Life Insurance Premium Pay
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Frequently Asked Questions
If you have any further questions please contact us
Is there any eligibility criteria for a user to pay for the plan for their life insurance online?
Yes, each life insurance plan listed on payRup has a specific eligibility criteria. You can have a look at it in the details of the plan.
What is the minimum eligible premium amount set for any life-term insurance or term life insurance?
It depends on factors like premium chosen, paying frequency, etc.of your life insurance.
What is the minimum eligible premium amount to be paid for a life-term insurance policy?
Depends completely on the premium paying frequency by the customer (or insurer) for their life insurance policy.
Is there any death benefit covered under the life insurance policy?
Yes. The death benefit is payable to the nominee of the life insurance policy by the insurer. The nominee who is inserted in the life insurance policy will be the person who shall be paid if the insurer policy payment has to be paid.
How does the user know that the insurance policy payments have been successfully made?
On successfully completing the life insurance policy payments from the various payment options, you will receive a tracking number for your account transactions. You would also have received a copy of the policy at your registered email address.
What is the Difference Between General Insurance and Life insurance?
A life insurance policy covers the life of a person, general insurance policies provides cover to other aspects and assets in a person's life. Listing a few of the many for instance such as health, car, travel, home, etc.
Will insurance premiums get credited to the Life Insurance Company on the same day?
Ideally, a person should be able to collect the life insurance payout within 30 to 60 days after the claims have been submitted with the supporting documents for the same.
