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Religare Health Insurance Care

Objective

This policy can be bought online and aims at providing adequate medical insurance even after the initial sum insured is exhausted. It restores the sum insured if exhausted by a family member’s claim. The reinstated sum can be used subject to certain conditions.


Suited for

Being a sum insured reinstatement policy, though available to individuals, it is more beneficial as a family floater cover. Even if an elderly insured member avails the sum insured, other members will not be deprived of insurance benefit, in the hour of need. It can cover up to six family members in a single policy.


What does it do?

Religare Health Insurance Care is a unique policy among its peers as it can reinstate the sum insured, if depleted in a policy year. The restored sum insured, however, cannot be utilized for treatment of illness(es) for which the claim was made in the policy year.
Any remaining restored sum insured at the end of a policy year cannot be carried forward to the next year.
Another exclusive offer is Care Anywhere benefit that allows to avail treatment for specific critical illnesses anywhere in the world.
The claim however will be settled on reimbursement basis in India in indian rupees only. This policy is a comprehensive package of inpatient treatment that covers hospitalisation expenses with sub-limits on room rent and ICU charges. It covers other incidental expenses like ambulance cost, daily cash allowance and organ donor hospitalisation expenses in case of organ transplantation.
Apart from hospitalisation expenses, it provides for domiciliary hospitalisation, i.e. treatment taken at home on advice of a doctor. Second opinion from a medical consultant on company's panel is available if one is diagnosed with stated critical illness.


Pros

It offers Automatic Policy Recharge at no extra premium if initial sum insured gets depleted .
It allows to avail treatment anywhere in the world for certain diseases. It offers sum insured up to Rs 60 lakh and allows lifelong policy renewal.
This policy can be bought online and provides a premium discount on selecting a higher policy term.
It also offers a family discount and premiums paid towards this policy enjoy a tax benefit under Section 80D.


Cons

Restored sum insured cannot be used for treatment of the illness for which a claim has already been made.


Our View

This is a recommended family floater policy. It provides wide and extended coverage at reasonable rates. The policy can take care of insurance needs of all members by restoring the insurance benefits. If the need arises, it can also provide for treatment of certain chronic diseases, anywhere in the world.

Eligibility
Entry Age (years) 
Minimum91 days
MaximumNo age limit
Maximum Policy Renewal Age (years)Life long renewal
Coverage TypeIndividual / Family floater
Sum Insured (Rs) 
Maximum60 lakh
Minimum1 lakh
Policy Term (years)1/ 2/ 3
Discount7.5% on selecting a 2 year policy term and 10% if opted for 2 years policy term and Rs 250 on buying policy online.
5% on a policy covering 2 or 3 family members or 10% for a policy covering more than 3 members.
10% in case of cross sell.
15% in case of co-pay clause of 20% per claim for every insured member equal to or more than 61 years of age
No Claim Bonus10% for each claim free year till it reached 50% of sum insured
Pre Policy Medical Check UpCompulsory for entry age 46 years and above under all sum insureds. For 7 and 10 lakh policy: medical check up is required for entry age 19 years and above. For sum insured above 10 lakh: medical tests are required for entry age 6 years and above
Free look Period15 days
Grace Period for Policy Renewal30 days
Customer Service 
AddressReligare Health Insurance Company Limited, GYS Global, Plot No. A3, A4, A5,Sector - 125, Noida, U.P. – 201301
Mail to[email protected]
Call to1800 200 4488 (toll free)
SMSReligare' to 56677
Network HospitalsHttp://www.religarehealthinsurance.com/health-plan-network-hospitals.html
Cost Details not available on the company's website.

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