Covers 10
critical illnesses
Lump sum
payment
No medicaltest required
Policy for
1 & 3 years
Imagine this: You are living a balanced life, maintaining both physical and mental health. Suddenly, you are diagnosed with a critical illness that leads to heavy medical expenses.
These situations can be overwhelming, both mentally and financially. Here, a critical illness insurance policy comes to your rescue.
With this insurance policy, you can benefit from the necessary financial support and critical illness coverage. You can manage medical bills more efficiently without significantly reducing your savings.
Secure your savings while getting quality treatments and assistance with Reliance critical insurance policy.
5 crore + happy customers |
10 Critical Illness Covered |
100% claims settled* |
Affordable Premiums
|
No Medical Test Required below 45 years
|
What is Critical Illness InsuranceCover & How Does It Work?
Critical illness insurance is a type of health insurance that gives you a lump sum amount if you are diagnosed with a serious illness. Critical illness coverage helps cover medical costs like hospital bills, treatment, and ambulance services.
You can add critical illness coverage to a regular health insurance policy. However, depending on your needs, having a separate critical illness plan can be more beneficial.
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Policy Purchase: First, you research and find an appropriate critical illness policy. Choose based on the required coverage amount and the list of critical illnesses included.
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Premium Payout: Next, you buy the policy and ensure timely renewals to benefit from continuous coverage.
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Critical Illness Diagnosis: If you get diagnosed with a critical illness, collect the necessary reports to support the claim. Submit a claim request with your insurer.
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Claim Settlement: The insurer will verify your claim and pay the applicable lump sum amount to your bank account.
Importance of Critical Illness Insurance
Critical illnesses can take a toll on your mental health, body and finances. This stress doubles if the illness requires long treatments or extended hospital stays.
With critical health insurance, you get financial support to handle these tough situations without added worry.
Why is
critical illness cover important?
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Financial Assistance for Treatment: It covers medical costs like treatment, ambulance charges, doctor fees, and hospitalisation. This helps protect your savings during difficult times.
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Compensation for Loss of Income: For families with a sole breadwinner, this insurance provides financial compensation for lost income. It helps family members manage daily expenses when the main earner is unwell.
Benefits & Features of
Best Critical Illness Insurance Plans
Financial Protection
One of the top benefits of a critical health insurance plan is the financial support you receive in times of need. The financial coverage you receive is useful in multiple ways, such as -
- Medical coverage for all expenses incurred towards the treatment and hospitalisation of your critical illness.
- Financial compensation to cover the day-to-day expenses in the absence of the breadwinner's income due to a critical illness.
- Support to help the policyholder and their family maintain their standard of living during the breadwinner's recovery from a critical illness.
Ample Coverage for Critical Diseases
Different insurers offer extensive insurance for critical diseases, covering most life-threatening illnesses such as cancer, kidney failure, strokes, etc. Every insurer covers a list of different critical diseases to ensure you do not lose all your savings during emergencies.
Moreover, you can also take advantage of early-stage diagnosis support with different critical illness policy coverage to better manage your medical expenses.
Tax Benefits
According to the Income Tax Act, Section 80D, premiums paid towards a critical health plan are eligible for tax deductions. Moreover, the lump sum you receive from the insurer after a successful claim settlement is also exempted from tax deductions. With this deduction and exemption, you can reduce your tax liabilities.
Benefits of Buying
Reliance General Critical Illness Insurance
|
Key Features |
Benefits by Reliance General |
| Sum Insured | 5, 7, 10 Lakh s |
| Policy Period | 1 and 3 Years |
| Policy Type | Individual
|
| Critical Illness | 10 Critical Illnesses Covered |
| No Medical Tests | Up to 45 Years |
| Eligibility | 18 to 65 years** |
| Claim Settlement Ratio | 100 %* Claims Settled |
| Waiting Period | 3 Months*** |
| Survival Period | 30/60 Days |
| Save Big on Taxes | Under Section 80D# |
Why Choose Reliance Critical Illness Insurance?
Competitive Premiums
At Reliance General Insurance, we understand the need for accessibility and affordability. Thus, we ensure our critical coverage is available for everyone to support their medical needs at a reasonable price.
Coverage for 10 Critical Illnesses
Our critical illness coverage includes cancer, stroke, heart valve replacement or repair, burns, and much more. This ensures we are providing the required financial coverage for severe diseases to lend a helping hand to those in need with complete assurance.
No Medical Test Mandate
Often, the best critical illness insurance plans require a pre-medical test to obtain the necessary coverage. However, at Reliance General Insurance, anyone under 45 does not have to take any medical tests to get the plan.
With this convenience, you can easily get insured and protect your financial future to secure your savings during critical illnesses.
Flexible Policy Duration
To maximise policy tenure flexibility and reduce the hassle of timely renewals, we offer critical illness insurance plans for 1 year and 3 years. You can choose between any of these two options to enjoy a hassle-free experience while getting the necessary financial assistance to recover from your illness.
Renewal Discounts with No Claim Bonus
Timely renewals not only ensure continuous coverage but also help you reduce your policy premium. We offer a 5% discount for one claim-free year, a 10% cumulative discount for every claim-free year, and a whopping discount of up to 50% for 3 consecutive claim-free years.
Online Convenience
Our user-friendly website allows you to purchase or renew your critical illness coverage in under 5 minutes. You can also file claims online from anywhere using our online process. This ensures maximum convenience with your insurance plan, no matter where you are.
Efficient Claims
With a claim settlement ratio of 100%, we offer quick and hassle-free claim settlement for all our customers. Our online process convenience ensures instant claim filing, and our team of experts offers prompt support to provide efficient claim settlements for everyone.
24/7 Customer Support
If you have any questions or doubts, our 24/7 customer support is available at your convenience. You can reach out to our customer experts and receive an instant resolution for all your questions regarding policy purchases, renewals, and claims.
Inclusions of
Critical Illness Insurance Plan
For Policyholders Surviving Beyond 30 Days (Category 1)
- Organ or bone marrow transplant
- Aorta surgery (only grafting)
- Cancer (based on the stage of cancer)
- Burns of 3rd degree
- Persisting symptoms and diagnosis of multiple sclerosis
For Policyholders Surviving Beyond 60 Days (Category 2)
- Replacement of heart via an open heart surgery
- Repair surgery for valves
- Treatment for permanent paralysis of all limbs
- Total blindness treatment
- Kidney failure treatment where regular dialysis is necessary
- Coma period specific to certain disease severity
Exclusions of
Critical Illness Health Plan
- Any critical illness due to consumption of alcohol or other illegal substances
- Any pre-existing critical illness diagnosed before the policy purchase
- Any critical illness caused as an aftermath of the Human Immuno-Deficiency Virus (HIV)
- Any critical illness diagnosed by a family doctor or unregistered medical practitioner
- Any critical illness caused by war, nuclear weapons, or terrorism
- Any critical illness diagnosed due to a pre-diagnosis of a congenital condition
- Any critical illness arising after major surgeries such as sex change operations, cosmetic procedures, etc.
- Any critical illness caused by self-inflicted injuries
- Any critical illness caused by prolonged pregnancy or childbirth
- Cases, where
- Death occurs within 30 days of the diagnosis or surgery
- Diagnosis is provided by a family member or anyone not registered as a medical practitioner.
- Diagnosis is not scientifically recognised
Critical Illness Disease ListCovered Under the Policy
For critical illness coverage, Reliance Critical Illness Insurance policy covers the following life-altering or threatening diseases -
- Total blindness
- Organ transplant
- Cancer
- Replacement or repair of heart valve
- Renal disease (last stage)
- Coma for a specific severity
- Multiple sclerosis
- Aorta graft surgery
- Coma quadriplegia
- Third degree burns
How to Select an Ideal
Critical Illness Health Plan?
Assess your Needs
The first step to finding the best critical illness insurance plans within your budget is to assess your needs carefully. You need to understand the level of sum insured you require and the number and types of critical illnesses you need coverage for to determine exactly what you require from the insurance policy.
Compare Premiums
After assessing your coverage needs, you must compare different plans based on their scope of coverage and premiums to find the critical illness insurance policy that aligns with your requirements and budget.
Review Waiting Period
Another thing to assess is the waiting period applicable to the plan of your choice and the disease you want coverage for, as it will help you make an informed decision regarding your final choice with proper evaluation.
Assess Policy Wording
Before purchasing any critical illness plan, you must read the policy document carefully, especially the fine print, to ensure you understand the terms and conditions of the insurance plan. Moreover, you must assess the policy inclusions and exclusions thoroughly to avoid any gaps later leading to claim rejections.
Check Online Convenience
To avoid the hassle of physical documentation and appointments, check for the availability of online processes for policy purchases, renewals, and claims with insurers. This will help save you a lot of time and effort in emergencies. Thus, you must carefully choose an insurer that prioritises your comfort.
Look for Customer Support
Along with researching the insurer's market image and claim settlement ratio, you must also check the availability and efficiency of customer support available with the insurer of your choice. It is crucial to have responsive customer service 24/7 for instant support and query resolution.
Also Read - What Must A Critical Illness Plan Cover?
Eligibility Criteria for Critical Illness Insurance Plan
The person must be at least 18 years of age to get a critical illness policy by Reliance, and the maximum age varies according to the sum being assured to the person. So, for example -
- The maximum entry age to buy a 5 Lakh sum insured policy for the insurance is 65 years.
- The maximum entry age to get a sum insured with a 7 Lakh insurance policy is 60 years.
- The maximum entry age to get a Reliance critical illness policy for 10 Lakh sum insured is 55 years.
Also, for all individuals above 46, a medical test is mandatory before getting the policy. The test will be done at a network diagnostic centre and will be covered by Reliance General Insurance.
Factors To Consider Before You
Buy Critical Illness Insurance
Family Medical History
The first thing to look into is the family medical history. If you are someone with a history of critical illnesses in your family, you must opt for a higher coverage plan to benefit from ample financial support in case you are diagnosed with a critical disease in the future. With this assessment, you can make a better decision regarding the level of coverage you need.
Sum Insured Options
Most insurers offer a wide range of sum insured options to choose from to allow you to pick based on your coverage needs. Thus, you need to carefully consider the kind of sum insured you need to maintain your financial stability in case of diagnosis and the level of support you would need to make up for the lost income.
Policy Inclusions - Types of Critical Illnesses Covered
Not all plans cover all critical illnesses. So, you must check out the best critical illness insurance plans based on the types of critical illnesses they cover to choose the critical health insurance plan that aligns with your coverage requirements to get maximum financial protection when needed.
Waiting Period
Most critical illness insurance policies have a predetermined waiting period of 30 to 90 days, applicable to any critical illness before which you cannot file a claim. Thus, you must check the waiting periods for different plans to choose the one that meets your situation and requirements.
Survival Period
Some insurers, such as Reliance General Insurance, have the survival period eligibility applicable to their critical illness policies. Based on the specified survival period of an insurance plan, the convenience of claims is reduced.
Thus, you must read the policy wordings carefully and choose a plan that meets your expectations and has a reasonable survival period.
Claim Convenience
Critical illnesses and diseases are mentally and physically draining. Thus, you must assess whether the insurer of your choice offers a quick and streamlined claim process online. This is crucial as it will reduce the hassle and stress of filing physical claims for financial support when your health is already getting worse.
Coverage Limitation of Age
Depending on which critical illness plan you choose, some insurers have a maximum age limit for renewals. This limits your access to continuous coverage with timely renewals. Thus, you must choose a plan that offers better renewability flexibility to help you cover your medical expenses till the disease exists.
Renewal Rewards
To reduce your critical illness insurance premiums, you can avail of various discounts for timely renewals. These discounts are often capped under a No Claim Bonus benefit. Thus, when choosing any insurance provider, check for these renewal rewards to enjoy lower premiums for every renewal.
Also Read-
Must Know Things About Critical Illness Insurance
Who should buy a critical illness insurance policy?
Due to medical inflation, the cost of healthcare is rising day by day. In case of a critical illness, a person is hospitalised, and the cost of treatment can go sky-high and can be financially and mentally draining.
While critical illness policy is meant for everyone, here are people who should consider buying it -
People with A Family History Of Critical Illness
Many of the critical illnesses are hereditary, and thus, there is a major risk of developing a critical illness for some who have a history of the same in the family. Thus, those with some history in the family must opt for a critical illness insurance plan.
Breadwinners
The role of the breadwinner in a family is very important. If something happens to them, it will affect the whole family, and not only their present but also the future of the family will be greatly affected.
To avoid these unpleasant financial situations, one must get a critical illness insurance policy for themselves as the primary breadwinner of the house. Hence, their family is secure in case something happens to them.
Above 40
All people over 40 are at a higher risk of developing a critical illness. Thus,it is advised to buy a critical illness insurance policy as early as possible to manage the premium amount easily and have a financial back-up in times of need.
How to Buy Critical Illness InsurancePlans Online?
To buy critical illness insurance from Reliance General Insurance, you can follow the simple process mentioned below.
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Step 1- Visit our website > Explore Products >
Critical Illness Insurance
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Step 2- On the new page, select your preferred sum insured value, enter your date of birth, select the policy tenure, and add your personal details.
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Step 3- Once done, click on “Check Our Prices".
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Step 4- The screen will display a detailed list of the best critical illness insurance plans based on your preferences.
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Step 5- Modify the plan if required and check the premium quote.
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Step 6- If you are satisfied with the premium, make the payment to secure yourself with serious illness protection cover.
Critical Illness Insurance Renewal
To complete your critical illness insurance renewal instantly, follow the steps mentioned below -
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Step 1- Go to our Website > Select Renewal > Click on
Renew Health Insurance
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Step 2- On the main page, enter either your mobile number or policy number option, and then click on “Get OPT" or “Go" to proceed.
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Step 3- Your existing policy will appear on the screen.
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Step 4- Modify or update your existing critical illness policy based on changing needs and check the updated premium quote.
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Step 5- If the quote is good to go, make the payment using one of the available payment options to renew your critical health insurance.
Tax Benefits under a Critical Illness Insurance Policy
In addition to the financial support offered by the best critical illness insurance plans in India, you can also claim tax deductions and exemptions on your investment in a critical illness health plan.
Here is all you need to know.
Critical Illness Deduction under Section 80D
Under Section 80D of the Income Tax Act, the premiums paid towards your health or critical illness insurance plans are eligible for tax deductions.
In addition, the lump sum you receive from the insurer as a claim settlement is tax-exempt under this section. This means you are not liable to pay any taxes on the claim settlement amount.
The limits for tax deductions are as follows.
|
Category |
Self or Self + Family |
For Parents |
Total Deductions |
| Deduction for self below 60 years | ₹25,000 | - | ₹25,000 |
| Deduction for self and family (spouse and children) below 60 years | ₹25,000 | - | ₹25,000 |
| Deduction for self and family (spouse, children, and parents below 60 years) | ₹25,000 | ₹25,000 | ₹50,000 |
| Deduction for self and family (spouse, children, and parents above 60 years) | ₹25,000 | ₹50,000 | ₹75,000 |
| Deduction for self and family (spouse,c children and parents) all above 60 years | ₹50,000 | ₹50,000 | ₹1,00,000 |
Critical Illness Insurance Plan vs. Health Insurance Plan
|
Parameters |
Critical Illness Policy |
Health Insurance Policy |
| Coverage | It only offers coverage for the included critical illnesses in a plan. | It offers extensive coverage for different medical emergencies and illnesses, with critical illness available only as an add-on. |
| Premiums | Premiums can be lower as limited coverage is available, and the final premium depends on the number of people and diseases you can include in a plan. | Premiums can be higher, as it offers extensive coverage for a wide range of medical expenses. |
| Eligibility | You must be 18 years or older, but there is age-specific eligibility for different sum insured values. | You must be 18 years old and be transparent about any pre-existing conditions to combine the necessary add-ons. |
| Hospitalisation Mandate | Not mandatory for claims. | Mandatory for claims. |
| Waiting Period | A waiting period of 30 days is commonly applicable for all claims. | A waiting period is commonly applicable for pre-existing conditions. |
| Survival Period | The survival period after illness diagnosis is usually a mandate for claim settlements by most insurers. | No survival period mandate is applicable for health insurance claims. |
Claim Settlement Process for Critical Illness Insurance
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Step 1-Inform us about the critical illness insurance claim request to RCare immediately or within 7 days of the event's occurrence by one of the following methods. Call us at 022-4890-3009 (paid) Send an email to
Rgid.Rcarehealth@relianceada.com
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Step 2- Next, complete and submit the critical illness claim form along with the necessary supporting documents. The list will include hospital bills, treatment expenses, consultation charges, and other health-related treatment receipts.
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Step 3- We will review the documents and form. In some cases, we can request additional documents and proof.
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Step 4- Upon verification, we will reimburse the applicable claim amount as per your critical illness mediclaim policy to your registered bank account.
Documents Required for Critical Illness Insurance
- A duly filled and signed
critical illness claim form
- Authentic investigation reports that confirm or support the diagnosis
- Hospital admission form
- Hospital discharge form
- All original medical bills and invoices (doctor's prescription, medicine bills, etc.)
- Your photo ID (Aadhaar card, Passport, etc.)
- Your PAN card
- A cancelled cheque in CTS 2010 Format or the first page of a bank statement or passbook
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