Reliance Critical Illness
Objective
This policy aims to provide additional financial assistance if insured person contracts any of the listed critical illnesses.
Suited for
Anyone between 20 and 50 years of age can buy this policy. It can also cover family members including spouse, two children and parents under a single policy.
What does it do?
This policy pays a lump sum benefit in case any of the insured members contract a covered critical illness. The policy benefit will be paid only if insured member survives 30 days after the confirmed diagnosis of the illness except in case of Quadriplegia where survival period is 60 days.
Pros
This policy can be bought online as well.
Premiums paid towards this policy enjoy a tax benefit under Section 80D.
Cons
T covers lesser number of critical illnesses.
Our View
This policy is useful if you have a family history of any of the listed life threatening diseases or if you wish to add on to the existing basic health cover. However, this policy should be bought only as an addition to the basic health cover and not as a substitute. Critical illness policies cannot replace basic health insurance policies. In comparison to similar policies offered by other insurers, this policy provides a narrow cover. Before buying this policy it is advised to check for alternatives with wider coverage.
Eligibility
| Entry Age (years) | |
| Minimum | 20 |
| Maximum | 50 |
| Maximum Policy Renewal Age (years) | 55 |
| Coverage Type | Individual/ Family on an individual basis |
| Sum Insured (Rs) | |
| Maximum | 20 lakh |
| Minimum | 5 lakh |
| Policy Term (years) | 1 or 3 |
| No Claim Bonus | 5% no claim bonus for 1 year policy and 10% for 3 year policy for every claim free renewal till it reaches 50% of initial sum insured |
| Pre Policy Medical Check Up | Not required for upto 45 years of age |
| Policy Termination | Either of the parties may terminate this policy by giving a 7 days notice. The insurer would pay proportionate premiums if no claim has been made. |
| Customer Service | |
| Address | Reliance General Insurance Company Ltd., Regd Office: Reliance Centre, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400001 |
| Mail to | [email protected] |
| Call to | 1800 3002 8282(toll free) ; 022 3989 8282(charges apply) |
| SMS | Type 'protect' and send it to 55454 |
| Network Hospitals | Http://www.reliancegeneral.co.in/insurance/cashless-hospitals.aspx |
Additions to the Plan
| Scope of Cover | |
| Life Threatening Illnesses | |
| Cancer | Covered with exclusions as mentioned in the policy document |
| Major Organ transplant | |
| Multiple Sclerosis | |
| Third Degree burns | |
| Aorta Graft Surgery | |
| Lifestyle Disabling Illnesses | |
| Heart Valve replacement or repair | Covered with exclusions as mentioned in the policy document |
| Coma (persisting more than 30 days) | |
| Quadriplegia (persisting more than 60 days post diagnosis without any significant recovery) | |
| Total blindness | |
| Hospital Cash Allowance( for upto 30 days) | |
| End stage renal disease(not involving transplant) | |
| Exclusions and Waiting Period | |
| Pre-existing diseases | not covered |
| No claim period | first 3 months from policy commencement |
| Survival period | 30 days from confirm diagnosis of the critical illness |
| Annual Premium Rates for Individual | ||||
| Age (in years) | Sum Insured (in Rs) | |||
| 5 lakh | 7 lakh | 10 lakh | ||
| 21-25 | 888 | 1244 | 1777 | |
| 26-35 | 1369 | 1915 | 2777 | |
| 36-40 | 2571 | 3599 | 5142 | |
| 41-45 | 3860 | 5404 | 7720 | |
| Premiums are exclusive of Service tax and cess. | ||||
| Premiums vary with age, policy tenure, number of members to be insured, health condition and sum insured. Refer insurer's website for calculating premiums if more than one member is to be insured. | ||||
| People above 45 years of age may contact insurance company for premiums. | ||||
