Environmental conditions are very changeable; fluctuations in temperature, precipitation, illumination intensity, and other factors can decrease a plant productivity and crop. The remote sensing of plants under these conditions is the basis for the protection of plants and increases their survivability. This problem can be solved through measurements of plant reflectance and calculation of reflectance indices. Reflectance indices are related to the vegetation biomass, specific physiological processes, and biochemical compositions in plants; the indices can be used for both short-term and long-term plant monitoring. In our review, we considered the applications of reflectance indices in plant remote sensing. In Optical Methods and Platforms of Remote Sensing of Plants, we briefly discussed multi- and hyperspectral imaging, including descriptions of multispectral and hyperspectral cameras with different principles and their efficiency for the remote sensing of plants. In Main Reflectance Indices, we described the main reflectance indices, including vegetation, water, and pigment reflectance indices, as well as the photochemical reflectance index and its modifications. We focused on the relationships of leaf reflectance and reflectance indices to plant biomass, development, and physiological and biochemical characteristics. In Problems of Measurement and Analysis of Reflectance Indices, we discussed the methods of the correction of the reflectance indices that can be used for decreasing the influence of environmental conditions (mainly illumination, air, and soil) and plant characteristics (orientation of leaves, their thickness, and others) on their measurements and the analysis of the plant remote sensing. Additionally, the variability of plants was also considered as an important factor that influences the results of measurement and analysis.