 "Reliance Life Insurance launches fixed benefit healthcare plan")
Reliance Life Insurance Company today launched its new healthcare solution, 'Reliance Life Easy Care Fixed Benefit Plan' for individuals.
The plan offers coverage for age group of 18-65 years, with guaranteed renewability till 75 years age.
The new health plan guarantees a fixed rate of premium for five years, even if there is a claim during the policy term. The plan gives the option of paying single premium upfront for the entire policy period of five years.
"Reliance Life Easy Care Fixed Benefit Plan is designed to cover the two major components of health expenses – hospitalization and surgery,
keeping in mind the difficulties and worries faced by customers while meeting the high hospitalization and surgery costs. We are confident that our new healthcare plan will fill the gaps in health insurance and address key concerns among customers on claim amount, increase in premium in case of a claim and coverage on surgeries," said Anup Rau, Chief Executive Officer, Reliance Life Insurance.
The coverage offered by this plan ranges from Rs 1 to 5 lakh with a no claim bonus of 5% of the sum assured for every claim-free year, up to a maximum of 20%.
The new healthcare plan offers a lump sum benefit of 100% of sum insured to the insured suffering from ten critical illnesses, including cancer, stroke, loss of speech, Alzheimer and coma.
The plan offers coverage for age group of 18-65 years, with guaranteed renewability till 75 years age.
The new health plan guarantees a fixed rate of premium for five years, even if there is a claim during the policy term. The plan gives the option of paying single premium upfront for the entire policy period of five years.
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It is a non-linked, non-participating, fixed benefit hospitalization and surgical planthat provides fixed pay-outs to the insured at various stages of his/her hospitalization and surgeries, in addition to benefits received from other medical insurance plans.
"Reliance Life Easy Care Fixed Benefit Plan is designed to cover the two major components of health expenses – hospitalization and surgery,
keeping in mind the difficulties and worries faced by customers while meeting the high hospitalization and surgery costs. We are confident that our new healthcare plan will fill the gaps in health insurance and address key concerns among customers on claim amount, increase in premium in case of a claim and coverage on surgeries," said Anup Rau, Chief Executive Officer, Reliance Life Insurance.
The coverage offered by this plan ranges from Rs 1 to 5 lakh with a no claim bonus of 5% of the sum assured for every claim-free year, up to a maximum of 20%.
The new healthcare plan offers a lump sum benefit of 100% of sum insured to the insured suffering from ten critical illnesses, including cancer, stroke, loss of speech, Alzheimer and coma.