FEATURES: This is a family floater health insurance plan from Reliance Life Insurance offering comprehensive coverage for hospitalisation, surgeries and critical illnesses for the entire family including your in-laws in a single policy. Minimum sum assured is Rs 2 lakh and maximum is Rs 10 lakh. You can avail cashless facility at 4,000 network hospitals and nursing homes.

ENTRY AGE: You need to be at least 18 years old and less than 60 years to buy this policy. In the case of your family members, anyone from three months to 66 years (for dependent parent minimum entry age is 40 years) is eligible.

PREMIUM: To a 35-year-old male with a basic sum assured of Rs 5 lakh, the company will charge an annual premium of Rs 6,204.

RENEWAL: Policy promises renewal up to 75 years for adults and 21 for children, irrespective of claim and fixed premium for three years. This policy also promises to enhance your sum insured by 5 per cent on every claim free year. Maximum limit 30 of cover enhancement is per cent of the sum assured. You are also entitled for a renewal discount of 15 per cent on premium after every three years.

CHARGES: Some of the charges incurred at hospital are capped, such as per day room rent is capped at 1.5 per cent of the sum assured. Go through the exhaustive list of charges before making any decision.

EXCLUSIONS: There is a waiting period of 30 days from inception of the policy. If you have a specific ailment at the time of purchasing the policy, your pre-existing illness will be covered after a waiting period of four years. Standard waiting period for pre-existing disease is two years.

ADDITIONAL WAITING PERIOD: There is a waiting period of one year for ailment such as tonsillectomy and cancer. A waiting period of two years will apply for diseases such as kidney stone, cataract, hysterectomy and fibroids. Ailments like valve replacement, cerebral haemorrhage, angiographies, angioplasty (with or without stent) and coronary artery bypass graft will have a waiting period of three years.

SURRENDER: There is no surrender benefit, maturity benefit or death benefit under this plan.

Annual premium is at par compared with the premium charged by other health insurance providers. But the waiting period of up to three years on many serious ailments is very restrictive and does not serve purpose of buying a health insurance plan.
You can get a better health plan to suit your need.

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