Benefits of Reliance Health Insurance
Reliance General Insurance Company is the insurance arm of the leading Indian conglomerate Reliance Group. The company offers a range of general insurance plans like travel insurance, motor insurance, health insurance, and others.
Reliance General is present across India with more than 139 offices in all leading cities and a network of more than 28,000 intermediaries. Thus, buying insurance plans from the company is easy. The company promises to deliver the policy within 10 seconds of buying it. The company has ISO 9001:2015 certification ensuring high service and products standards.
In the context of health insurance, the company has developed a range of health insurance plans which have good coverage features. The premiums are low so that you can affordably insure yourself and your family members under a good health plan offered by Reliance.
Additional Benefit of Free Health Check upWhen you buy health insurance plans from Reliance, you get free health check-up facility in all its policies. This facility helps you avail free health check-ups at periodic intervals so that you can monitor your health and take preventive steps against prospective illnesses.
Additional Protection over Employer CoverageEmployees covered under employer’s group health plans can also opt for Reliance’s health insurance plans. Independent health insurance plans of Reliance would help them increase their coverage level and also opt for the necessary coverage benefits which are absent in their employer’s group health plan.
Cashless BenefitReliance is tied up with more than 4000 hospitals across the country thereby helping its customers to avail cashless claim settlements. If customers take treatments at the networked hospitals, they can escape the burden of medical costs as the company would settle their medical bills directly with the hospital. With a wide network of hospitals, Reliance effectively helps customers get the benefits of cashless claims.
Claim Settement RatioReliance endeavours to settle all of the claims which are made on it. That is why the company has a high claim settlement ratio. This ratio also assures the policyholders that their claims would be honoured by the insurance company and gives them peace of mind. The Claim settlement ratio of Reliance is 75.76%*. *The claim settlement ratio change from time to time.
Coverage against Medical ExpensesAll health plans offered by Reliance have a good scope of coverage. They cover expenses incurred on hospitalisation, the treatments availed, ambulance costs, expenses incurred after being discharged from the hospital as well as those which are incurred before being hospitalised. Moreover, you can also find coverage for maternity related expenses, critical illness, non-allopathic treatments, etc. in selective plans offered by the company.
Incurred Claim RatioThe amount of claim paid vis-à-vis the premium collected by the insurance company is called the Incurred Claim Ratio (ICR). The higher the ratio, the lower the profits the company earns in a financial year. For the year 2018-19, Reliance’s ICR was 94%*. This shows that the company paid more in claims than the premiums earned. *The incurred claim ratio change from time to time.
Tax BenefitIf you pay premiums for a health insurance policy, the paid premiums are allowed as a tax-free deduction from your taxable income. This deduction is allowed under Section 80D up to a maximum of Rs. 55,000 (Rs. 25,000 for individual and Rs. 30,000 for senior citizen).
Reliance Health Insurance Plan List
|Name of Plan||Sum Insured|
|Health GainMin: 91 Days; Max: 65 Years||3 Lakh||Get Quotes Now|
|Critical Illness InsuranceMin: 18 Years; Max: 65 Years||5 Lakh||Get Quotes Now|
|HealthWiseMin: 3 Months; Max: 65 Years||1 Lakh||Get Quotes Now|
|Health Infinity Min: 91 Days; Max: 65 Years||3 Lakh||Get Quotes Now|
|Corona Kavach PolicyMin: 1 day; Max: 65 years||50,000 - 5 lakh||Get Quotes Now|
|Corona Rakshak PolicyMin: 18 years; Max: 65 years||50,000 - 5 lakh||Get Quotes Now|
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Reliance Health Insurance FAQs
What is the re-instatement of Base Sum Insured?
This means that the insurer will refill the sum insured without any extra cost in case you exhaust your entire sum insured and cumulative bonus if any but still require hospitalisation.
What is a co-payment?
A co-payment or co-pay refers to cost-sharing requirements under a health policy. In it, the policyholder pays a specified percentage of the admissible cost. The remaining amount is paid by the insurance company.
Is pre-policy check-up covered?
No, you need to pay for the cost of pre-policy examination directly to the diagnostic center or the doctor. Reliance General Insurance will coordinate the appointment with its empanelled or diagnostic center.
Does Reliance General Insurance pay the complete amount in case of a cashless treatment?
The insurance company pays towards all admissible charges up to the limit of your sum insured.
What is the grace period to renew a policy online?
The grace time is 30 days immediately following the premium due date of the policy.