Reliance Life Care For You Plan
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
Sum Assured = Rs 5, 00, 000
There are No additional riders available in this policy
Benefits
- 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
There in no Death Benefit in this plan.
This plan being a pure Health Insurance Plan has no Maturity Benefit as well.
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
There is an option for a Renewal Discount of 15% on premium
Eligibility
| 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 | |
FAQs
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
What happens if You want to surrender the policy?There are no surrender benefits under this term plan.
What happens if You want a loan against your policy?Loan facility is not available under this policy.
