Reliance HealthWise- Standard
Objective
An online health insurance policy that aims at covering hospitalisation medical expenses and other incidental expenses in case insured person gets hospitalized.
Our View
A positive factor is that it has no sub-limits and no capping on expenses. Only drawback is that it doesn't allow lifelong policy renewal. Old age is the time when the chances of falling ill increase. Buying a new policy at higher age is tough and expensive as well. Preference should be given to the policies that offer lifelong renewal facility.
Suited for
It can be bought as an individual or family floater covering your spouse and 2 children under the same policy.
What does it do?
This is a basic health insurance policy. Apart from expenses incurred while hospitalized, this policy also provides for treatment taken at home on advice of the doctor, day care treatment for illnesses or procedures which do not require an overnight stay in hospital due to technological progress and health check up. Ambulance expenses are covered too.
Pros
There is no capping on room rent or ICU rent.
There are no sub-limits on different illnesses.
This policy can be bought online as well.
Premiums paid towards this policy enjoy a tax benefit under Section 80D.
Cons
It does not offer lifetime policy renewal.
Eligibility
Entry Age (years)
Minimum
18; 3 months for children
Maximum
55 years for Gold, 60 years for Silver & 65 years for Standard Plan respectively; 18 years for children
Maximum Policy Renewal Age (years)
75
Coverage Type
Individual/ Family floater
Sum Insured (Rs)
Maximum
5 lakh
Minimum
2 lakh
Policy Term (years)
1
No Claim Bonus
5% no claim bonus for every claim free renewal till it reaches 20% of initial sum insured
Pre Policy Medical Check Up
Mandatory above 45 years of age. Insurer reimburses 50% of the cost if proposal gets accepted
Policy Termination
Either of the parties may terminate this policy by giving a 15 days notice. The insurer would pay proportionate premiums if no claim has been made.
Customer Service
Reliance General Insurance Company Ltd., Regd Office: Reliance Centre, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400001
Customer Service
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 | |
| Cashless Facility | available if treatment taken in network hospital |
| Reimbursement facility | available if treatment taken in a non-network hospital |
| Pre and post hospitalisation | covers medical expenses during a period for upto 30 days prior to hospitalisation and 60 days post discharge respectively |
| Inpatient hospitalisation | covered |
| Domiciliary hospitalisation | covered upto 10% of basic sum insured |
| Day Care treatment | covered subject to the list mentioned in the policy document |
| Health check up | pays 1% (individual policy) or 1.35%(for floater policy) of average sum insured after 4 claim free years on a reimbursement basis |
| Value Added Covers | |
| Ambulance expenses | covered upto maximum of Rs 500 |
| Expenses on accompanying person (payable if hospitalized for 5 days or more) | pays Rs 200 per day for maximum of five days |
| Exclusions and Waiting Period | |
| Pre-existing diseases | covered after 4 years of continuous renewal |
| No claim period | first 30 days of policy commencement |
| Waiting period | Certain diseases such as cataract, Hernia, sinusitis etc.shall be covered after first policy year elapses |
| Other exclusions | Naturopathy treatment or any other Non-Allopathic treatment.AIDS or related illnesses |
Cost Details
| Annual Premium | ||||
| Age (in years) | Sum Insured (in Rs) | |||
| 2 lakh | 3 lakh | 4 lakh | 5 lakh | |
| 1 Adult | ||||
| 18-25 | 2575 | 3625 | 4725 | 6025 |
| 26-35 | 3075 | 4275 | 5875 | 6975 |
| 36-40 | 3575 | 4775 | 6575 | 7675 |
| 41-45 | 4275 | 5715 | 7675 | 9275 |
| 2 Adults | ||||
| 18-25 | 3353 | 4718 | 6054 | 7718 |
| 26-35 | 4073 | 5363 | 7363 | 8945 |
| 36-40 | 4733 | 6129 | 8433 | 9993 |
| 41-45 | 5573 | 7445 | 9933 | 12073 |
| 3 Adults | ||||
| 18-25 | 4016 | 5420 | 6956 | 9100 |
| 26-35 | 4944 | 6413 | 8813 | 10711 |
| 36-40 | 5749 | 7332 | 10097 | 11969 |
| 41-45 | 6665 | 8764 | 11771 | 14465 |
| 4 Adults | ||||
| 18-25 | 4612 | 6227 | 7994 | 10459 |
| 26-35 | 6007 | 7547 | 10379 | 12619 |
| 36-40 | 6876 | 8631 | 11894 | 14103 |
| 41-45 | 7975 | 10322 | 13869 | 17335 |
| Premiums are exclusive of service tax and cess. | ||||
| 46 years and above cannot buy this policy online. Contact insurer for premiums. | ||||
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