It’s a family floater scheme which covers primary member, spouse, children as well as parents and parents-in-laws.
Reliance Life Insurance has launched its new healthcare scheme ‘Reliance Life Care for You Advantage Plan’. The new plan is a family floater scheme that offers comprehensive coverage for hospitalization, surgeries and critical illnesses for the entire family in a single policy.
“Health insurance penetration in India is as low as 5 per cent, with over 85 per cent of the 1.4 billion population having no health cover. We recognize health insurance as one of the primary protection requirements for individuals and family members in the country. This product is aimed at addressing the changing healthcare needs and expenses of our customers,” said Anup Rau, Chief Executive Officer, Reliance Life Insurance.
The key feature of the policy is that it allows an insured to pay a fixed premium for a three-year policy. This premium remains fixed for the three-year period, irrespective of the number of claims taken by the insured during the validity of the policy. The insured will get a cover that includes primary member, spouse, children, as well as parents and parents-in-laws.
The primary member can opt for the plan between 18 and 60 years of age with guaranteed renewability till 75 years for adult family members (21 years for children), dependent parents and parents-in-laws. The coverage offered by this plan ranges from Rs. 2 to 10 lakh.
One of the significant features of this health plan is that a lump sum payment of 5 per cent of the reimbursable hospital expenses will be made on each hospitalization claim towards pre and post-hospitalization without any supporting document. Customers can avail cashless hospitalization facility in 4000 hospitals across the country.
The insured will also be entitled for
tax benefits on premium payment, as applicable.