Reliance Life Insurance Company (RLIC) announced on 24 March 2013 that it launched new healthcare product called Reliance Life Care for You Advantage Plan, which provides a comprehensive coverage to a family under single scheme.
Features of the Reliance Life Care for You Advantage Plan
• Reliance Life Care for You Advantage Plan is an all-inclusive scheme which covers surgeries, hospitalization as well as critical illness for complete family under single policy.
• The main feature of this policy is that it enables the insured to pay fixed premium for three-year policy. The amount of premium remains constant for three years, irrespective of claims consumed by insured while the policy is valid.
• Reliance Life Care for You Advantage Plan offers coverage from 2-10 lakh Rupees with no claim bonus of 5 percent.
• The plan offers insured the cover which includes a primary member, spouse, children, parents and parents- in-laws.
• The most significant feature of this plan is that it facilitates a lump sum payment of 5 percent of reimbursable hospital expenses on every hospitalization claim towards post or pre hospitalization without the need of producing supporting document.
Reliance Life Insurance with the support of third party administrators created a network of more than 4000 hospitals in India for facilitating easy cashless hospitalization benefits to its customers.