The meaning of ‘Ram Naam Satya Hai’ means ‘Truth is the name of Lord Rama’. Here Ram implies to ‘Brihmatman’, i.e. manifestation of supreme power. Usually, the dead body which is devoid or breath has no existence or meaning. However, it gets meaning only when the soul is connected to Brihmatman. By chanting this, we are leaving everything to God because that is the ultimate truth.