Features & Benefits offered by Reliance Critical Illness Insurance –
|
Key Features |
Benefits By Reliance General |
Sum Insured | 5, 7, 10 Lakhs |
Policy Period | 1 and 3 Years |
Policy Type | Individual |
Critical Illness | 10 Critical Illness Covered |
No Medical Tests | Upto 45 Years |
Eligibility | 18 to 65 years** |
Claim Settlement Ratio | 98.6%* Claims Settled |
Waiting Period | 3 Months*** |
Survival Period | 30/60 Days
|
Save Big on Taxes
| Under Section 80D#
|
**Eligibility of age - upto 65 years for 5 Lakhs SI only, upto 60 years for 7 Lakh SI, upto 55 years for 10 Lakh SI.
*For FY21-22
***From the inception of policy
Why Is It Important To Have A Critical Illness Insurance Cover?
Now treating a critical illness is an altogether different process and it takes time and money to treat such illness. If you are an earning member of the family and you're diagnosed with a critical illness you may have to skip work to get treatment which means also cutting off the major income source for the family.
A normal
health insurance plan will only cover for the hospitalisation cost and there will be no other benefit. Critical illness policy is necessary because it goes beyond normal insurance plans and helps you cover additional expenses as well. This policy provides a lumpsum benefit to the customers which is very beneficial. The lack of critical illness insurance can be a trouble as it could drain your years of savings in just a month and could hit the family very hard economically. You can buy critical illness insurance online to have a secure future for your family and plan the needful.
Who Should Buy Critical Illness Insurance Policy?
Due to medical inflation, we all know that the cost of health care is rising day by day. In case of a critical illness, a person is hospitalized and the cost of treatment can go sky-high and could be difficult for the person to manage. The modern-day hectic lifestyle is causing trouble to us all and this includes a rise in cases of cancer, kidney failure or coma, etc.
While critical illness policy is meant for everyone, here are people who should have it as a must -
1. People With A Family History Of Critical Illness
Many of the critical illnesses are hereditary and thus there is a major risk of developing a critical illness for some who have a history of the same in the family. Thus, those with some history in the family must opt for a critical illness insurance plan.
2. Breadwinners
The role of the breadwinner for a family is very important. If something happens to them then it will affect the whole family and not only their present but the future of the family will be greatly affected. To be safe from these unpleasant financial situations one must get a critical illness policy for themselves as the primary breadwinner of the house so their family is secure in case something happens to them.
3. Above 40
All the people above 40 are at higher risk of developing a critical illness and thus it is advised to buy a critical illness policy in the later stages as early as possible to manage the premium amount easily.
Why You Should Buy Critical Illness Policy From Reliance General Insurance?
Reliance General Insurance is a leading health insurance company in India. The plans are affordable and there is a wide range to choose from where you can also adjust the plan according to your needs. There are more than 8,600 network hospitals and Reliance General has an incurred claim ratio of 98%. Also, the claim filing process with Reliance is easier than ever and could be done easily online. Some of the features of a critical illness plan offered by Reliance are
Waiting Period:
There is a 30-day waiting period before you can claim the insurance.
Claiming Process:
The claim can now be processed easily and with everything happening online the claim can now be filed and processed online completely.
Eligibility Criteria For Critical Illness Policy
The person must be at least 18 years of age to get a critical illness policy by Reliance and the maximum age varies according to the sum being assured to the person. So, for example
The maximum entry age to buy a 5 Lakh sum insured policy for the insurance is 65 years.The maximum entry age to get a sum insured of 7 Lakhs insurance policy is 60 years.The maximum entry age to get a Reliance critical illness policy for 10 Lakh sum insured is 55 years.Also, for all the individuals above =>46 a medical test mandatory before getting the policy. The medical test will be done at a network diagnostic center and will be covered by Reliance.
What we cover under critical illness insurance
With the Reliance Critical Illness Insurance Policy, you will receive a lump sum payout on your claim, if you're diagnosed with any of the following critical illnesses or if you have to undergo any of the mentioned surgeries. In terms of the sum insured, you may choose any option between Rs. 5 Lakh, Rs. 7 Lakh or Rs. 10 Lakh.
Category I – Life Threatening
- Cancer
- Major Organ Transplant
- Multiple Sclerosis
- Third Degree Burns
- Aorta Graft Surgery
Category II – Lifestyle Disabling
- Heart Valve Replacement or repair
- Coma of Specified Severity
- Coma Quadriplegia (persisting more than 90 days post-diagnosis without any significant recovery)
- Total Blindness
- End-Stage Renal Disease requiring regular dialysis
Note: We will pay the benefit payment when the patient survives for more than 30 days after the diagnosis of the critical illness listed in category I and for 60 days after diagnosis in case of category II conditions, unless the patient is suffering from Quadriplegia, where the benefit will be paid after 90 days.
