Description

Reliance Standard Life Insurance Company (Reliance Standard) is a leading insurance carrier specializing in innovative and flexible employee benefits solutions including disability income and group term life insurance. Reliance Standard Life Insurance Company provides insurance products and services in all states (except New York), the District of Columbia, Puerto Rico and the U.S. Virgin Islands. In New York, insurance products and services are provided through First Reliance Standard Life Insurance Company, home office: New York, N.Y. Product availability and features may vary by state. It distributes its products through independent agents and brokers. Main categorization of the products of RSLI is Voluntary & Non-Voluntary products. Non-Voluntary are those products that an employer takes on the behalf of his/her employees in the organization depending upon their individual credentials. Voluntary are those RSLI products that an employee applies for himself/herself without the involvement of employer. Calculation and Posting of Premiums are the most important activities of a RSLI’s product life cycle. RSLI generates bills for their customers to let them show the premium due amount that has to pay against the policies. There are several agents/brokers associated with RSLI countrywide who are responsible to sell the RSLI products. RSLI is also having TPAs to collect the relevant information about the thousands of employees of an organization in one stream at a time. RSLI is also connected with Medical Underwriter companies to undergo the process of medical approval against the claims. RSLI also holds the capability to take over the cases of an organization from some other insurance company with minimal complexity. To provide clarity on the business life cycle, RSLI is providing separate websites for employer and employee in order to deal with their intended specific tasks.