Reliance HealthWise - Silver Plan

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Reliance Health Wise - Silver

	Objective			An online health insurance policy that aims at covering hospitalisation medical expenses and other incidental expenses in case insured person gets hospitalized.
Suited for			It can be bought as an individual or family floater covering your spouse and 2 children under the same policy.
What does it do?			A basic health insurance policy that covers against shospitalisation expenses. It also provides for treatment taken at home on advice of the doctor, day care treatment for illnesses or procedures which do not require an overnight stay in hospital due to technological progress and hospitalisation expenses of donor if a major organ transplant happens. Ambulance expenses and health check up are covered too.
Pros			There is no capping on room rent or ICU rent. There are no sub-limits on different illnesses. This policy can be bought online as well. Premiums paid towards this policy enjoy a tax benefit under Section 80D.
Cons			It does not allow lifelong policy renewal.
Our View			A positive factor is that it has no sub-limits and no capping on expenses. Only drawback is that it doesn't allow lifelong policy renewal. Old age is the time when the chances of falling ill increase. Buying a new policy at higher age is tough and expensive as well. Preference should be given to the policies that offer lifelong renewal facility.
Eligibility
Entry Age (years)
Minimum		18; 3 months for children
Maximum		60; 18 years for children
Maximum Policy Renewal Age (years)		75
Coverage Type		Individual/ Family floater
Policy Term (years)		1
Sum Insured (Rs)
Maximum		5 lakh
Minimum		2 lakh
No Claim Bonus		5% no claim bonus for every claim free renewal till it reaches 20% of initial sum insured
Pre Policy Medical Check Up		Mandatory above 45 years of age. Insurer reimburses 50% of the cost if proposal gets accepted
Policy Termination		Either of the parties may terminate this policy by giving a 15 days notice. The insurer would pay proportionate premiums if no claim has been made.
Customer Service		Reliance General Insurance Company Ltd., Regd Office: Reliance Centre, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400001
Customer Service
Mail to		Services.Rgicl@relianceada.com
Call to		1800 3002 8282(toll free) ; 022 3989 8282(charges apply)
SMS		Type 'protect' and send it to 55454
Network Hospitals		Http://www.reliancegeneral.co.in/insurance/cashless-hospitals.aspx

 

	Scope of Cover
Cashless Facility		available if treatment taken in network hospital
Reimbursement facility		available if treatment taken in a non-network hospital
Pre and post hospitalisation		covers medical expenses during a period for upto 60 days prior to hospitalisation and 90 days post discharge respectively
Inpatient hospitalisation		covered
Domiciliary hospitalisation		covered upto 10% of basic sum insured
Day Care treatment		covered subject to the list mentioned in the policy document
Nursing allowance		pays Rs 250 per day for as maximum period of 5 days
Health check up		pays 1% (individual policy) or 1.35%(for floater policy) of average sum insured after 4 claim free years on a reimbursement basis
Donor Expenses		covers donor's medical expenses
Value Added Covers
Ambulance expenses		covered upto maximum of Rs 750
Expenses on accompanying person (payable if hospitalised for 5 days or more)		pays Rs 250 per day for maximum of five days

 

	Exclusions and Waiting Period
Pre-existing diseases		covered after 2 years of continuous renewal
No claim period		first 30 days of policy commencement
Waiting period		Certain diseases such as cataract, Hernia, sinusitis etc.shall be covered after first policy year elapses
Other exclusions		Naturopathy treatment or any other Non-Allopathic treatment

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