Reliance Critical Illness Policy: An Overview

Reliance Critical Illness Policy provides comprehensive insurance benefits making the future of the insured future safe, by covering the expensive medical bills arising due to critical illnesses. Reliance Critical Illness policy is considered as one of the best products from Reliance General Insurance Co. Ltd. The plan covers all your hospitalization expenses and others. The Reliance Critical Illness policyholder can have the best treatment from any hospitals or nursing homes in India.

Key Features	Highlights
Network Hospitals	4000+
Incurred Claim Ratio	106.54
Renewability	Lifelong
Waiting Period	4 years

Reliance Critical Illness Policy: Key Highlights

Coverage Type	Individual
Sum Insured	Rs 5,7, 10 lakh
Tenure	1 & 3 years
Critical Illnesses Cover	10
Medical Test	Not required up to 45 years
Waiting Period	3 months
Survival Period	30/60 days

Coverage Offered

Any eligible person can opt for the Individual coverage option to buy Reliance Critical Illness plan, which covers 10 Critical Illnesses. Some of the basic coverage that the policy offers are as follows:

In-patient Treatment Cover-All hospitalization expenses, including charges for room rent, boarding, nursing, ICU, diagnostic tests, physician charges, drugs, blood, oxygen, and equipment charges, are covered up to sum insured.
Pre-hospitalization Cover- Pre hospitalization expenses are covered
Post- hospitalization Cover- Post hospitalization expenses are covered for the diseases and illnesses mentioned, up to the sum insured.
Organ Donor-Organ donor expenses, excluding the prices of organs, are covered by the Policy.
NCB Benefits-If there has been no claim made for the first year, then there will be a bonus of 5%. There is also a 10% no claim bonus on a cumulative basis for each claim-free year for a 3-year term, up to a maximum of 50%.

Inclusions of the Plan

Some of the inclusions other than the basic coverage of Reliance Critical Illness policy are as follows:

Emergency Ambulance Charges- Emergency and domestic on-road ambulance expenses are covered for the diseases mentioned.

Critical Illness Benefit- The insured is provided with the coverage for many critical illnesses, where the expenses of such treatments are divided into two categories:

Category 1

Cancer of specified severity
Multiple Sclerosis
Aorta Graft Surgery
Third Degree Burns
Major Organ / Bone Marrow Transplant

Category 2

Open Heart Replacement Surgery or Repair of Valves
Quadriplegia / Permanent Paralysis of all four limbs
Total Blindness
Coma of Specified Severity
Kidney Failure with Regular Dialysis

Exclusions of the Plan

Some diseases, illnesses, and conditions have been excluded from the policy plan of Reliance Critical Illness Policy. They are as follows:

Any pre-existing diseases that existed before the inception of the policy are excluded.
All critical illnesses within 3 months of the policy inception are not covered
Diagnosis or treatment by unproven methods is excluded.
Congenital illness, be it internal or external is not covered.
HIV/AIDS remains out from the list of inclusion.
Any injury caused due to war violence or nuclear weapons is not covered.

*For more information on the detailed list of exclusions, please refer to the policy document.

Features & Benefits of the Reliance Critical Illness Health Insurance Policy

Given below are the main features and benefits of the Reliance Critical Illness Health Insurance Policy:

The Policy has a duration of one and three years.
There are no medical tests up to 45 years.
There is a 30 days waiting period to avail this policy, followed by a survival period of 30/60 days upon detection of the illness.
This premium paid under this Policy is eligible for tax savings under Section 80D of the Income Tax Act 1961.

Eligibility Criteria

The minimum eligibility terms to avail this policy are as mentioned below:

Minimum Entry Age	18 years
Maximum Entry Age	· For 5 lakh cover: 65 years · For 7 lakh cover: 60 years · For 10 lakh cover: 55 years No limit for policy renewal
Number of people covered	Individual
Residential Status	Residents of India and Indian Citizens

Cancellation of the Policy

For some reason, the policyholder wants to cancel the Reliance Critical Illness Health Insurance Policy. If so, one must give a 15 days' notice to the company.

There will be a 75% refund if it is within one month of the first year, 50% within 3 months and 25% within the first 6 months.

The insurer can also cancel the Policy if the policyholder on the grounds of fraud, misrepresentation and concealment of correct medical information.

FAQs

Q. Can the nominee be changed mid-term under Reliance Critical Illness Policy?

Ans: Yes, the nominee details can be changed at any time during the policy tenure by submitting the details with a written request to the insurer.
Q. Does one need to go under any medical tests before initiating the Policy?

Ans: Any individual below the age of 45 years need not require any medical test. But if the policyholder is 46+ then he/she must go for medical tests.
Q. What is the claiming process?

Ans: One can either opt to call on their toll-free number or undergo their online reliance critical illness renewal process on their official website.
Q. What are the payment options to buy the Policy?

Ans: To buy the Policy, the policyholder can use UPI, net banking, debit card, credit card or other digital wallets, as per the individual's convenience.
Q. What information is needed to file a claim under this Policy?

Ans: Information such as policy number, policyholder's name, insured person's name, nature of illness or injury, hospital name, location and address, date of admission, and any other information as required by the company, is needed to be intimated on time to the Insurer.