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:


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 15 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.


Written By: PolicyBazaar - Updated: 16 February 2021

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