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FAQs

Do you have questions on investing in mutual funds? Here is a comprehensive list of frequently asked questions on mutual fund investing. To quickly search for answers to your question, type in your question in the box below.

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Is nomination mandatory in Reliance SIP Insure?

Yes. Nomination is mandatory and following fields need to be provided mandatorily:​

  • Name of the Nominee.

Following information will be optional at the time of investment, but will be mandatory at the time of claim settlement.​

  • Nominee D​ate of Birth (Guardian details if the nominee is minor).
  • Relationship with investor (Mandatory for all nominees).
  • Allocation Ratio
​ ​

Who can submit the claim request in case of death of the insured who has opted for SIP Insure?

The registered nominee/ second holder (wherever the nominee is not registered) in the folio can submit the claim request in case of death of the insured who has opted for SIP Insure.​

Where does the nominee need to submit the SIP Insure claim documents in case of death of the insured?

In case of death of the insured, the nominee needs to submit the claim documents to the address stated below:
Kiran Kumar 
Reliance Nippon Life Insurance Co. Ltd
Reliance Centre, 5th floor, South Wing 
Prabhat Colony, Santacruz (W)
Mumbai - 400055

How many days does it take for the SIP Insure claim to be processed in case of death of the insured?

It takes 45 calendar days for the SIP Insure claim to be processed from the receipt of claim request by Reliance Life Insurance Company in case of death of the insured.​

What will be the impact on Sum Assured (insurance cover) If the investor re-registers SIP Insure in the “Direct Plan”, which was registered in the “Existing Plan” with ARN code?

If the investor re-registers for SIP Insure in “Direct Plan”, the Sum Assured (insurance cover) will be applicable as per fresh registration.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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