Reliance Life Care For You Plan

Reliance Life Care For You Plan is a Health Insurance Plan from a Life Insurance Company. This is a Regular Premium, Traditional Plan without Bonus Facility.

In this plan, premium is paid for a period of 3 years after which the policy can be renewed for another 3 years. This plan being a pure health insurance plan has no Death Benefit, no Maturity Benefit and no Surrender Benefit. This plan has only health insurance facilities like hospitalization expenses, no claim bonus, etc. with additional benefits like Maternity coverage, Pre-existing disease cover, etc.

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·         This is a pure health Insurance Plan from a Life Insurance Company

·         There is no Death Benefit, no Maturity Benefit and no Surrender Benefit in this plan

·         This is a 3 year renewable plan

·         This plan has a fixed premium guarantee for a period of 3 years

·         5% of the Sum Assured increases every year as No Claim Bonus

·         Family members have a Guaranteed Cover till 75 years of age (21 years for Children)

·         The basic Sum assured can be increased after the end of each policy term of 3 years

• Hospitalization expenses for any disease, illness, medical condition or injury are covered under this plan.
  • Room, boarding and nursing expenses.
  • Surgeon, Anaesthetists, Medical Practitioner, Consultants, Specialists fee.
  • Operation theatre charges.
  • Anaesthesia, blood, oxygen, medicines and drugs etc.
  • Diagnostics and laboratory tests.
• Cashless facility in more than 400 network hospitals across India
• Family Floater option available for yourself, spouse, children, parents and parents-in law
• Expenses for 150 Day Care Treatment is also paid for where there is no requirement for 24 hours hospitalization.
• Pre & Post hospitalization expenses are covered.
• Ambulance charges are payable under this plan

Death Benefit – There in no Death Benefit in this plan.

Maturity Benefit – This plan being a pure Health Insurance Plan has no Maturity Benefit as well.

Income Tax Benefit – Health Insurance Premiums paid up to Rs. 15,000 for normal residents and Rs 20,000 for Senior Citizen are allowed as a deduction from the taxable income each year under section 80D

·         Pre-existing illnesses after 4 continuous years of renewal

·         There is an option for a Renewal Discount of 15% on premium

·         Maternity Benefit is available under family floater option after 3 years of continuous renewal

Sum Assured = Rs 5, 00, 000

Riders – There are No additional riders available in this policy

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You stop paying the premium – This is a three years renewable policy. Hence if you do not renew the policy, all benefits would lapse. If the lapsed policy is not revived within 90 days of the due date of the first unpaid premium then the policy will be terminated

You want to surrender the policy – There are no surrender benefits under this term plan.

You want a loan against your policy – Loan facility is not available under this policy.