Reliance Health Insurance on EMI: Benefits, Premium, Renewal

Reliance Health Insurance on EMI Policy: An Overview

Reliance Health Insurance is one of the most popular policies offered under Reliance Health Insurance. The plan is an affordable solution for those who desiring to opt for higher health insurance but unable to pay the required premium altogether.

Equated monthly installments (EMIs) provide an effective source of finances for the premium while ensuring affordability.

Reliance Health Insurance on EMI: Key Highlights

Sum Insured	Rs 3 lakh-1 cr
EMI Starts @	Rs 381 (monthly)
Policy Tenure	1,2,3 years
Cashless Hospitalisation	7300+ hospitals
Initial Waiting Period	30 days

Eligibility Criteria

One has to fulfil the following eligibility conditions to buy this policy:

Type	Individual or Family Floater
Minimum Entry Age	Children – 91 days (inclusive of parental coverage); covered till 25 years of age Adults – 18 years
Maximum Entry Age	65 years
Number of people covered	Individual, spouse, parents, and dependent children
Residential Status	Residents of India undertaking treatment in India

Coverage Offered

To buy Reliance Health Insurance on EMI, one can go for either Individual or Family Floater options with a sum insured options ranging from Rs 3 lakh to Rs 18 lakh.

The coverage provided for the above options are as follows -

In-patient Treatment - Expenses for Illnesses or injuries requiring minimum 24 hours of hospitalization upon the registered medical practitioner's advice are covered.
Day care Treatment- Procedures requiring less than 24 hours of hospital stay undertaken after medical advice are covered.
If the coverage is for the same ailment as treated -
Pre-hospitalization-Expenses covered up to 60 days prior to hospitalization.
Post-hospitalization-Charges incurred up to 60 days following discharge.
Donor coverage- For organ transplant, the donor's expenses are financed up to 50% of the sum insured (maximum of Rs 5 lakhs).

Inclusions of the Policy

In addition to the policy coverage, Reliance Health Insurance on EMI insurance policy includes the following:

Domestic Ambulance- For medical emergencies, ambulance transportation is financed to the nearest hospital. The coverage depends on the sum insured.
Critical Illness Extension-In case the insured is diagnosed with a critical illness for the first time, the policy is extended for a period of one year. The following illnesses are considered -
Cancer of specific grade
Heart ailment resulting in a bypass
Stroke with permanent effects (brain clot, neurological damage, etc.)
Multiple sclerosis with persisting symptoms

Exclusions of the Policy

Exclusions under Reliance Health Insurance on EMI are:

Dental or cosmetic surgery or such treatment
Treatment for mental illnesses, sleep disorders, obesity
HIV/AIDS and STDs
Therapy is undertaken outside India.
Robotic or stem cell therapy
Ailments due to war, rioting, or nuclear radiation, self-injury, alcohol and drugs
Congenital and Genetic disorders
Pregnancy, infertility treatment, hormone therapy
Contact lenses, hearing aids, and prescription eyewear
Vaccination and life-support system
Injury due to sports and mountaineering activities, etc.

For a complete list of exclusions, please refer to the policy document.

Features & Benefits of the Reliance Health Insurance on EMI Insurance Policy

The features and benefits of Reliance Health Insurance on EMI insurance policy:

Waiting Period-
Any conditions occurring within the first 30 days of policy commencement
Two years for joint and vertebral ailments, ENT disorders, cataract, tumors, kidney stones
Domiciliary hospitalization financed for up to 10% of the sum insured (maximum of Rs 50,000)
A cumulative savings of 15% (5% for girls and single women + 5% family savings if each member purchases individual policy + 5% savings for policyholders of Reliance Car Insurance)
Premium payment through EMIs (monthly or quarterly) for affordability and ease in investment
Wellness benefits (helpline with doctor and access to health portal)
One-time sum insured restoration after exhaustion of base amount and bonuses
Lifelong renewability, with no specific exit age
Cashless claims to be availed at more than 7300 network hospitals
Tax benefits offered under Section 80D of the Income Tax Act, 1961

Information on Cancellation of the Policy

Cancellation of Reliance Health Insurance on EMI policy occurs under the following conditions:

The free look period of 30 days offers an option to the insured to return the policy. This results in cancellation.
Non-disclosure of facts affecting policy terms leads to cancellation by the insurer.

FAQs

Q. How to find out which hospitals are covered under Reliance Health Insurance on EMI Health Insurance?

Ans: The hospitals covered by Reliance Health Insurance are provided on the official website. Additionally, this information can be obtained through email or telephone communication.
Q. Is a grace period offered for policy renewal?

Ans: In case the premium is not paid on time, the insurance provider offers a grace period of 30 days to renew the policy.
Q. If a Reliance Health Insurance on EMI policy is purchased, what is the tenure?

Ans: Upon purchase, the policy period lasts for 1/2/3 years. In case the policy is required to be continued upon completion of the tenure, renewability is offered.
Q. How to buy online Reliance Health Insurance on EMI?

Ans: To buy Reliance Health Insurance online, one needs to register with the official portal. Details, such as sum insured, the senior-most family member's age, number of members to be covered, etc., are to be entered. A free quote is obtained; after filling the application form, the premium is paid online. In case additional documents are required, the same can be submitted online or to the nearest branch of the insurance provider.
Q. Is pre-policy medical testing required under Reliance Health Insurance on EMI?

The policy requires pre-policy medical testing as per the sum insured. Up to Rs 9 lakhs, the test's minimum age is 46 years; however, if exceeding Rs 18 lakhs, the minimum age is 18 years. Additionally, medical tests may be recommended for any pre-existing ailment declared under 46 years.

Policybazaar exclusive benefits

30 minutes claim support*(In 120+ cities)
Relationship manager For every customer
24*7 claims assistance In 30 mins. guaranteed*
Instant policy issuance No medical tests*

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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