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Reliance General Health Insurance is a wholly-owned subsidiary of Reliance Capital and a part of the Reliance Anil Dhirubhai Ambani Group. Reliance General Health Insurance was established in 2000 and it has 139 offices and more than 28,900 intermediaries across the country. It offers a wide range of insurance products for the customers to choose from. Reliance Health Insurance offers various health insurance products such as Individual plans, family floater plans, critical illness plans, and group mediclaim health insurance policies to meet the healthcare needs of various consumer groups.
Awards and Recognitions of Reliance Health Insurance
1. Insurance Alerts Excellence Awards 2020
2. The Economic Times Best Brands For The Year 2020
3. 5th Annual Insurance India Awards 2020
4. KamiKaze Awards, 2019
5. Talent Track Awards, 2019
6. Insurance Alerts Awards, 2019
With the availability of a number of health insurance providers, selecting the best and appropriate insurance plan that suits all your medical requirements is quite a difficult task. Unfortunately, most of us are not aware of our availed policies and due to the lack of awareness people tend to get confused and sometimes choose the wrong policies.
To narrow down your selection process, we at PolicyX.com have listed down some parameters off Reliance Health Insurance company.
Let's discuss the key features of Reliance General Health Insurance in detail:
Reliance Health Insurance offers a lifetime renewability option that saves you extra medical expenses and financial stress that occurs because of the treatments. This option keeps you prepared to handle any hard/critical situation.
Reliance Health Insurance is empanelled with 7300+ network hospitals where a policyholder can easily avail of the cashless facility. Cashless hospitalization allows you to get treated without paying any money from your pocket in case of a medical emergency. With such a large network of hospitals, you don't have to run here and there to arrange funds for the treatment during hard/critical situations. Along with a cashless facility, it also serves you for complimentary health checkups, pre, and post-hospitalization expenses, and provides coverage for pre-existing illnesses.
Let's take the example of Mr. Singh, a 40-year-old man living in Delhi who got hospitalized for the treatment of High Blood Pressure. The patient got admitted to the nearest network hospital that is already enlisted with Reliance Health Insurance. In this case, all the medical expenses/bills were paid by the insurer itself and he is not required to pay a single penny. With the cashless facility, he could get the treatment done without worrying about any financial burdens.
If in case, Mr. Singh has not availed of the cashless facility, then it becomes very hard for his family to arrange all the funds required for the treatment. So it is advised tocheck the list of network hospitals of your Insurance company in your nearby areas.
For your better understanding, we have prepared a graph of Network Hospitals of Top 10 insurance companies.
Networks Hospital of Top 10 Insurance Companies
**Data from IRDAI Annual Reports
To check the Reliance Health Insurance Network Hospitals list as per your state/region, you can visit the PolicyX.com network hospital page.
In case of a medical emergency where you could not find network hospitals, you can still apply for reimbursement where the treatment cost paid by you will be reimbursed by the company.
Claim support tells you the ability of the company to settle claims in the stipulated time period and helps you understand the history of the insurance company. It is important for the claims to get settled during the times of need. The higher the percentage of claim support, the higher the ability of the company to settle claims.
According to IRDAI Annual Report, Reliance Health Insurance company settled 98.16% of claims within 3 months in 2019-20.
Below is a graph to help you understand where Reliance stands with other health insurance providers in terms of claims settled within 3 months.
Claim Support of 10 top Insurers within 3 months
**Data from IRDAI Annual Report
The below mentioned graph shows claim settlement done by the company from the financial years 2016-2020.
**Data from IRDAI Annual Report 2019-20
Solvency Ratio is one of the important factors while selecting an insurance company that helps assess the ability of a company to meet its financial obligation, thus providing financial protection to you and your family. You can check the solvency ratio on IRDAI'S website as it gets published annually in their reports. As of now, IRDAI mandates maintaining a healthy solvency ratio of 1.5 i.e., called a healthy solvency ratio for every insurer. As per IRDAI Annual Report 2019-20, the solvency ratio of Reliance Health insurance is 1.54.
Refer to the below chart that helps you understand the Solvency Ratio of Reliance General Health Insurance.
Solvency Ratio of Reliance General Insurance from 2016- 2020
**Data from IRDAI Annual Report
Reliance General Insurance has shown significant growth in the last five years. The annual premium of the company for the year 2019-20 is 1365.92 crores whereas, for 2018-19, it was 1002.73 crores.
We have prepared a graph that compares the annual gross premiums of Reliance General Insurance Company from 2016-20.
Annual Premium of Reliance General from Financial Year 2016-20
**Data from IRDAI Annual Report
We have summarized the key features in tabular form.
Renewability | Lifelong Renewability |
Network Hospitals | 7300+ |
Claim Support | 98.16 |
Solvency Ratio | 1.54 |
Annual Premium (in crores) | 1365.92 Crores |
Market Share | 2.59% |
Number of Branches | 139 |
Number of Intermediaries | 28,900+ |
**Last Updated on August, 2021
Get the tax-saving benefit under section 80(D) of the Income Tax Act, 1961.
The company offers a cashless facility as it has a tie-up with 7300+ network hospitals where you are not required to pay a single penny to the hospital for medical treatment.
It provides the reinstatement of the sum insured amount if it gets exhausted from your basic sum insured.
You have the option to pay through UPI, Paytm, Debit/credit card as per your requirements.
The company offers health care services and wellness programs to encourage its customers to stay fit.
Medical expenses incurred before hospitalization for 60 days and 60 days after hospitalization.
This company covers hospitalization expenses in case of in-patient treatment for covered injuries/illnesses when the policyholder is hospitalized for more than 24 hours.
These procedures are covered when the policyholder requires less than 24 hours of hospitalization.
Here are certain other important aspects:
Benefits | Details |
Sum Insured | 3 lakhs - 1 crore |
Policy Tenure | 1 year, 2 years & 3 years |
Type of policies available | Individual and Family Floater option |
Cashless facility | 7300+ network hospitals |
Age | Child: 91 days -25 years Adult: 18 years- 65 years |
Pre and post hospitalization | Covered up to a specified limit |
Initial Waiting period | 15-20 days |
COVID-19 coverage | It is available in all health policies |
Tax Benefits | You can avail of up to Rs. 1 lakh under section 80(D) of the Income Tax Act |
**Last Updated on August, 2021
Reliance Health Insurance offers 9 types of health insurance plans to its customers. Reliance General Insurance Company has a handful of health insurance plans at its disposal. A deep insight of them is given below:-
Plan | Type of Plan | Who should buy it? |
Reliance Health Gain Insurance Policy | Individual and Family Health Insurance Plan | This policy provides coverage to an individual and it also covers family members by paying a single premium in a year |
Reliance Health Infinity Insurance | Comprehensive Health Insurance Plan | One can buy this plan with an individual and family floater option. It offers large coverage options i.e., from 3 lakhs - 1 crore. |
Reliance Personal Accident Insurance Policy | Personal accident insurance | This plan ensures the individual's financial stability and his/her family if in case he/she gets injured or dies in an accident. |
Reliance HealthWise Insurance Policy | Family Health Insurance Plan | This plan can be availed by an individual and their family as it offers special offers and discounts that suit your medical needs. |
Reliance Critical Illness Insurance Policy | Critical Illness Plan | Critical illness cover is majorly designed to offer protection to a specific person against a life-threatening disease. |
Reliance Arogya Sanjeevani | Family Health Insurance | Arogya Sanjeevani Plan provides coverage to you and your family at an affordable premium rate. |
Reliance Group Mediclaim Insurance Policy | Comprehensive Health Insurance | Provides coverage to the group of workers who work in the same organization. |
Corona Kavach Policy | COVID-19 | This affordable health insurance plan protects you and your family against the expenses related to COVID-19 hospitalization. |
Corona Rakshak Policy | COVID-19 | The plan offers a lump sum benefit to the policyholder if diagnosed with COVID-19. |
**Last Updated on August, 2021
Now let's study all the Reliance Health Insurance Plans in detail.
Reliance Health Gain Insurance Policy offers coverage to the policyholders against medical expenses. The plan is available on an individual and family floater basis and offers a wide range of benefits that makes it a comprehensive policy.
Features:
Reliance Health Infinity is a comprehensive health insurance plan that offers medical coverage and comes with several benefits for the policyholder to ensure quick and worry-free recovery.
Features:
Eligibility:
Entry Age | Child: 91 days to 25 years Adult: 18 years to 65 years |
Policy Tenure | 1 year, 2 years & 3 year |
Sum Insured (in Rs.) | 3/5/10/15/50 lakhs & 1 crore |
**Last Updated on August, 2021
Accidents put a full-stop on your daily livelihood. Financial loss and empty savings are its after-effects. With Reliance Personal Accident Insurance, the company will take care of your expenses, allowing you to fully concentrate on your recovery.
Features:
Reliance HealthWise Insurance Policy is an affordable and comprehensive health insurance plan that takes care of your health care expenses.
Features:
1. Gold Plan
2. Silver Plan
3. Standard Plan
Acute diseases strike without an invitation. The policy ensures that you can concentrate on the treatment without worrying about your hospitalization and other medical expenses.
Features:
Eligibility:
Entry Age | 18-65 years |
Policy Tenure | 1 & 3 years |
Sum Insured (Rs.) | 5/7/10 lakhs |
**Last Updated on August, 2021
Reliance Arogya Sanjeevani Health Insurance offers medical coverage in unprecedented times to individuals and their families.
Features:
The plan offers up to 50% of the sum insured for the below listed special treatments:
Eligibility:
Entry Age | Child: 91 days to 25 years Adult: 18 years to 65 years |
Policy Type | Individual and Family Floater |
Policy Tenure | 1 year |
Sum Insured (in Rs.) | 1-5 lakhs |
**Last Updated on August, 2021
Reliance Group Mediclaim is comprehensive health insurance that covers a group of people working in an organization. The plan looks after unexpected medical expenses and emergencies of the group members.
Features:
Eligibility:
Entry Age | 18-60 years |
Sum Insured (Rs.) | 50,000-1,00,000 |
**Last Updated on August, 2021
Reliance Corona Kavach Policy is an affordable health insurance policy that protects you and your family against hospitalization expenses that occur due to COVID-19.
Features:
Eligibility:
Entry Age | Child Age: 1 day to 25 years Adult Age: 18 -65 years |
Policy Term | 3.5 months, 6.5 months, and 9.5 months |
Sum Insured (Rs.) | 50,000-5,00,000 |
**Last Updated on August, 2021
Corona Rakshak is an affordable health insurance policy that offers lump sum benefits to the insured if diagnosed with COVID-19 and requiring hospitalization for a minimum continuous 72 hours.
Eligibility:
Entry Age | 18-65 years |
Policy Term | 3.5 months, 6.5 months, and 9.5 months |
Sum Insured (Rs.) | 50,000 - 2,50,000 |
Waiting Period | 15 days |
**Last Updated on August, 2021
As we have discussed above that the premium amount increases with the increasing age.
In case if the policyholder has any kind of pre-existed illness/disease, the premium might rise or the policyholder might not cover some specific disease under the plan.
If you work in hazardous surroundings or dealing with some harmful substances, then the premium is likely to be increased.
High BMI indicates obesity-related complications such as high BP, heart attack, thus results in an increase in the premium amount.
A smoker or a person who abuses drugs has a higher premium as compared to a person leading a healthy lifestyle.
The major exclusions under Reliance General Health Insurance are:
Buying Reliance health insurance is an easy and convenient process. Just follow the below-listed steps from the comfort of your home.
If you are admitted to one of Reliance's partnered network hospitals, you have to follow the below steps-
Contact Number: +91 22 48903009
WhatsApp Number: 7400422200
Email: rgicl[dot]services[at]relianceada[dot]com
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*Terms and Conditions May Apply
Yes, you can. Just visit the website of Reliance General Company, enter your username and password in the login tab to check the status.
Yes. The plan offers up to 30% discount.
The plan offers coverage against:
In order to cancel the availed policy, submit the policy documents along with the surrender form at the nearest branch. After the successful submission, the refund gets deposited in the respective bank account of the policyholder.
The following methods are available for paying the premium for a Reliance Health Insurance policy:
In the case of cashless treatment, Reliance medical insurance pays all the pay for any admissible charges up to the limit of your sum insured.
Reliance health insurance plans cover some daycare treatments that avoid the need for long hospitalization such as:
No, you cannot change the sum insured amount in the middle of the policy tenure. However, you can change the sum insured amount at the time of renewal of the policy.
Yes, you can change the nominee at any time during the policy tenure. All you have to do is to intimate Reliance Health Insurance with the updated information.
(Showing latest 5 reviews only)
October 12, 2021
Tulika Sharma
MumbaiOctober 11, 2021
Mayank Tyagi
IndoreI m impressed with the service provided by Executives of Reliance Health. They assisted me very patiently
September 1, 2021
Kashi Pradhan
AllahabadBought the health plan for my parents. now I m assured that their health is not compromised due to money :)
August 18, 2021
Puneet sharma
ChandigarhReliance company ka health insurance bahut acha hai, aur premiums bhi bht affordable hai, aur bht jaldi claim ko settle karti hai, muje inki service bahut pasand aayi.
May 10, 2021
Roopal Ganguly
JaipurI bought this policy in times of pandemic and it is a must-have policy. Services are really very good and I am satisfied with this company. The claim ratio is also good.
Last updated on August, 2021
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got hospitalized receently for a surgery...the company responded the minute my claims were raised. Good support! Thanks!