Reliance General Insurance Company Ltd. (RGICL) on Friday launched a flexible and customizable health insurance policy – Reliance Health Gain. The company said that the policy offers customers an opportunity to design their health insurance policy by choosing features as per their need and paying only for what they choose.
“RGICL has brought out three different plans – Plus, Power and Prime – and an array of features to facilitate policy customization for each customer. With this launch, Reliance General aims to address the evolving and unique medical needs of modern-day customers of all age groups, ”the company said in a statement.
Reliance Health Gain, the company said, comes loaded with 38 industry leading features like Double Cover that provides twice the amount of sum-insured to be used during the same claim; unlimited reinstatement to restore the base sum insured amount as many times as it gets exhausted during a policy year; Guaranteed Cumulative Bonus, that protects loss of cumulative bonus post claim; or the benefit to reduce pre-existing disease waiting period from 3 years to 2 or even 1 year. With many more such benefits, the product has been designed keeping in mind the modern health-insurance consumer, the company said.
“Consideration towards health insurance has seen a rapid surge as an aftermath of the pandemic, people are more aware about modern treatments and rising healthcare costs. But choosing the right insurance cover is still a problem most customers face. With the Reliance Health Gain Policy, we want to give customers the ‘Power of Choice’, so that they can design their health insurance as per their needs, ”said Rakesh Jain, CEO, RGICL.
Whether aspirant, affluent or elite, this specially designed policy, the company claimed, offers a wide range of sum-insured options from Rs 3 lakhs to Rs 1 crore, thereby creating an appeal for all-income groups. Customers between the ages of 18 to 65 years have the options to pick and choose any features at any sum-insured.
Besides, there is no age limit in this policy for a sum-insured of up to Rs 3 lakhs. Hence, senior citizens who are sometimes devoid of a medical policy, can easily opt for Health Gain for protection, the insurer said.
Additionally, the policy offers a unique feature where a customer can cover a family of up to 12 including extended family members like father-in-law / mother-in-law in the same family floater policy, enabling joint families / Hindu Undivided Families ( HUF) to opt for a floater policy that fits all in the family, according to the company.
The policy has further introduced unique discounts like rewarding healthy customers under 50 years ie, without any pre-existing condition, with a 15 per cent discount on premium for buying a long term 2/3-year policy. Promoting their support towards young women, customers can also avail a 5 per cent discount for insuring girl child or if the proposer is female, as per the insurance firm.
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