Reliance Life Insurance launches new healthcare plan

Reliance Life Insurance Company (RLIC) today said it has launched a new healthcare product, which offers full coverage for the entire family under a single policy.

The new scheme ‘Reliance Life Care for You Advantage Plan’ is a comprehensive coverage for hospitalisation, surgeries and critical illnesses for the entire family in a single policy, the company said in a statement.

“The key feature of the policy is that it allows an insured to pay a fixed premium for a three-year policy. This premium remains fixed for the three-year period, irrespective of the number of claims taken by the insured during the validity of the policy,” it added.

The coverage offered by this plan ranges from Rs 2-10 lakh with a no claim bonus of 5 per cent of the sum assured for every claim-free year up to a maximum of 30 per cent.

Commenting on the new scheme, Reliance Life Insurance Chief Executive Officer Anup Rau said: “With our new health insurance solution, we are offering the much needed financial security to the customers to meet their health related contingencies and would continue to service them with innovative products.”