Reliance Health Insurance

Reliance Critical Illness Insurance policy is a fixed benefit critical illness plan.The plan covers a list of specified illnesses and major treatments.If the insured is diagnosed with any of the covered illnesses or undergoes any covered treatment, the policy pays the sum insured in lump sum.The sum insured is paid irrespective of the actual medical costs incurred.The amount of benefit received can be used to pay for medical treatments or to fulfil any other financial obligations that you have

The salient features and benefits of Reliance’s Critical Illness Insurance Policy are as follows

1. Coverage is available for 10 critical illness
2. There is no need to undergo pre-entrance medical check-ups to buy the plan
3. The policy can be taken for 1 years and 3 years

Coverage benefits of Reliance Critical Illness Insurance Plan

1. Major organ transplant=Coma of specified severity
2. Cancer=Repair or replacement of heart valve
3. Third degree burns=Coma quadriplegia which continues for 90 days post diagnosis without recovery
4. Multiple Sclerosis=End stage renal disease
5. Aorta Graft Surgery =Total blindness

Reliance’s HealthGain is an indemnity health insurance plan which covers the actual cost of hospitalisation

The salient features of the plan include the following

1. The plan can be taken by individuals and also by families
2. There are two plan variants – A and B
3. There is a premium discount of 5% if the plan is bought by a single independent women and also if the plan covers a girl child
4. There is an inbuilt critical illness cover under plan B. If you are diagnosed with any of the covered illnesses during the policy tenure, the policy tenure extends by a year without you having to pay any premiums
5. If you are an existing customer of the company who has bought a car insurance policy, you can enjoy a 5% additional premium discount
6. If an individual policy is taken and you choose to add family members, you can get a premium discount of 5% to 10%
7. The sum insured under the policy gets doubled if there are no claims in four successive policy years
8. Extended family can also be covered under the family floater variant of the plan
9. The plan can be bought by paying the premiums in four affordable EMIs
10. The company offers a policy service guarantee. If there is a delay in policy issuance, an additional sum insured of INR 10,000 in Plan A and INR 20,000 in Plan B is promised without additional premium
11. The policy can be taken for 1 or 2 years

Reliance’s HealthWise Plan is also an indemnity oriented health insurance plan which covers the cost of hospitalisation.

The salient features of the plan include the following

1. The plan comes in three variants of Gold, Silver and Standard
2. There is an inbuilt critical illness benefit under the Gold Plan which pays a lump sum benefit if the insured is diagnosed with any of the covered critical illnesses during the term of the policy
3. There are no sub-limits on room rent and a single private room is allowed for inpatient hospitalisation
4. 7% premium discount is allowed for covering two girl children under the plan. If one daughter is covered, the discount allowed is 4%
5. 5% premium discount is allowed every year if you do not make a claim in the previous policy year
6. The maximum no claim discount which you can avail is up to 20%