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Reliance Life Care For You Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.

 

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.

 

 

Key Features of Reliance Life Care For You Plan

 

·         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

 

 

Key Health Insurance Benefits of Reliance Life Care For You Plan

  • 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

 

 

Benefits you get from Reliance Life Care For You 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

 

 

Additional Benefits from Reliance Life Care For You Plan

 

·         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

 

 

Eligibility conditions and other restrictions in Reliance Life Care For You Plan

 

 

Minimum

Maximum

Sum Assured (in Rs.)

2,00,000

10,00,000

Policy Term (in years)

3

Premium Payment Term (in years)

3

Entry Age of Policyholder (in years)

Primary Insured/Spouse - 18 yrs. Dependent parents/parent in- law - 40 yrs. Children - 3 months

Primary Insured/Spouse - 60 yrs for new policy and 72 yrs for renewed policy.

Dependent parents/parent in-law - 66 yrs for a new policy & 72 years for a renewed policy.

Children - 18 years

Age at Maturity (in years)

 

75 for adults

21 for children

Payment modes

Yearly and Monthly

 

 

Sample illustration of Premium Amount in Reliance Life Care For You Plan

 

Sum Assured = Rs 5, 00, 000

 

Reliance Life Care For You Plan Sample Premium Values

 

Additional Features of Reliance Life Care For You Plan

 

Riders – There are No additional riders available in this policy

 

 

What happens if?

 

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.

 

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