In this work, we investigate the impact of neutrino decay in the presence of Non-Standard Interactions (NSI) along with the effects of the Majorana phase on neutrino decay in matter in the context of two-flavor neutrino oscillations. These effects are studied on neutrino oscillation probabilities $P_{\alpha \beta} \equiv P(\nu_{\alpha} \to \nu_{\beta})$, and the difference $\Delta P_{\alpha \beta} \equiv P(\nu_{\alpha} \to \nu_{\beta}) - P(\bar {\nu}_{\alpha} \to \bar{\nu}_{\beta})$ for several accelerator and reactor neutrino experiments. We find that for $P_{\alpha \beta}$, the influence of the Majorana phase on decay in matter can be replicated by the simultaneous presence of both decay and NSI.
However, precise measurements of the $P_{\alpha \beta}$ and $\Delta P_{\alpha\beta}$ observables have the potential to unequivocally identify the presence of the Majorana phase by discerning its effects from the concurrent presence of both decay and NSI.