Any review on Reliance HeathGain policy ?

POSTED BY Nitin ON March 4, 2014 6:40 pm COMMENTS (3)

Hi there,

Planning for Heath Insurance for self/spouse and daughter. Although currently it is available through the company for which i am working for,but i am looking for options if i want to quit the job.

Question is – How is Reliance HealthGain policy ? Its features seems attractive.Some of the features are –

Auto doubling of sum insured,no limit on exit age etc.

Pls comment your views.

3 replies on this article “Any review on Reliance HeathGain policy ?”

  1. ashalanshu says:

    Dear Nitin, looking on the details provided by you, this policy seems OK. Please go ahead. if you want to take second opinion, please discuss it with medimanage people.



  2. Nitin Kavathe says:

    Hi Ashal,

    Some of following features seems attractive –

    1.Renewable for lifetime
    2. Auto doubling sum assured….In case one utilizes all the sum assured then the company will provide additional cover matching the sum assured without any additional charge.
    But condition is it will provide 20% for the same disease and 80% for other claims.
    Example – If Sum assured is 3L and one disease utilizes whole amount then additional 3L will be assured.So the effective claim for that disease is 120% (3L+60k) and 80% (2.4 L) for other claims during that period.
    3. It gives benefit of of up to 5 per cent on the total family premium in case of the addition of a girl child
    4.In case of no claim for every year , insurance cover will be upgraded by 33%.
    Example – For 3L sum assured if there is no claim in that year then the insurance cover will be upgraded to 3.99 L for the next year with the applicable premium for 3L. But there is cap and it is max upto 100% of base sum insured no claim bonus accrued.
    5. Low premium clarges…around 8.5 k for 2 adults and one child.
    6.Policy extention without charging any premiums for critical illness.
    7. Delay in claim settlement process applies penalty.

    Suggestions pls..

  3. ashalanshu says:

    Dear Nitin, what is special in this policy as per your own understanding?



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