Reliance General Insurance 
Claim Settlement Ratio 99%
Renewability 100%
Claim Settlement Facility 100%
COVID-19 Cover Yes
Network Hospitals 8600
Incurred Claim Ratio 94%
Reliance general insurance is a private insurance company that was incorporated in the year 2000. It is a wholly owned company of Reliance capital, a company of Anil Dhirubhai Ambani group. The company received general insurance license from the insurance regulatory and development authority of India on 23 October 2000 and commenced operations in the same year. As of date the company is wholly owned by Reliance capital without any joint venture partners. Reliance general insurance is a 100% subsidiary of Reliance capital limited, a financial services company with diversified interests promoted by the Reliance group.
Reliance health gain insurance policy is available for individuals as well as for families. The plan covers the hospitalization expenses such as in-patient treatment, day care treatment, and even provides for the daily hospital cash if the stay exceeds for a certain number of days. The plan also covers the domiciliary hospitalization expenses for 3 or more days if the insured is not able to travel to the hospital for treatment. The policy provides reinstatement of sum insured if the sum insured is exhausted during the policy period. In case of exhaustion of the basic sum insured the policy provides for an additional 20% of the base sum insured to be utilized for the treatment of the same claim. The cumulative bonus under the policy is 33.33% of the base sum insured for every claim free year subject to a maximum of 100% of the basic sum insured. In case of claim the bonus would be decreased by the same amount at which it was accumulated i.e.33.33% per year. In case of diagnosis with any of the critical illnesses mentioned the company would waive off the renewal premium for that particular year. The minimum and maximum sum insured under the plan is Rs.3 lakhs and Rs.1 Crore.
Reliance health insurance plan pays an additional sum depending on the policy plan in case the policy issuance is delayed beyond 10 days of receipt of the required and complete documents. This guarantee is available only if the complete set of documents are received by the company and the company fails to issue a policy within 10 days of receipt of all the required documents.
Reliance health insurance claim form can be downloaded directly from the website of the company or can be found here.
The double sum insured option under the reliance health insurance plan provides an additional 100% of the base sum insured in case of exhaustion of the base sum insured due to any claim. This is also known as sum insured reinstatement which would be done once during the policy period. The reinstated sum insured can be used for the same claim or illness if the base sum insured is exhausted completely.
