Health Insurance 283 views December 11, 2019

Religare Health Insurance 5 Lakhs

A health insurance policy is a way of protecting ourselves from the uncertainties of life in every possible way. Health insurance policy is an instrument that helps us in safeguarding and providing protection against the financial burden caused due to medical emergencies. Investing in a health insurance policy is a smart decision as it provides maximum financial protection so that your savings are not drained.

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Today, buying a health insurance policy is a necessity as the healthcare expenses are on a constant rise. Also, our current sedentary lifestyle pattern makes it more important to avail health insurance as we frequently require healthcare assistance. Religare health insurance company limited is one of the leading health insurance providers in India, dedicated to offering a specialized range of health insurance products. The company has a strong and robust presence, across various locations in India. Apart, from the strong presence, the company also has a strong online presence that makes buying of policy easy and hassle-free.

Advantages of buying Religare health insurance plans?

Today, a health insurance plan is a necessity as the rising cost of medical treatment. A health insurance plan protects an individual from a financial crisis caused due to the ever-rising cost of medical treatments. Thus, the following are the advantages of buying Religare health insurance plans

  1. The company has a strong virtual and physical presence across India
  2. Offers a wide range of health insurance products that are curated to provide financial assistance in various stages of life
  3. The Religare health insurance plan is a holistic product that covers family up to 6 members i.e. 4 adults and 2 children
  4. Covers for the expenses of up to 30 days of pre-hospitalization expense and up to 60 days of post-hospitalization expense
  5. Free medical check-up facility available
  6. Financial security in times of medical emergency
  7. High Claim settlement ratio
  8. Lifelong renewable health insurance policies

Key features and benefits of the Religare Health Insurance Plan?

Religare Health Insurance Company offers affordable health insurance policies as per the insurance needs of its customers. the company believes in offering customized health insurance to all so it has products offering a wide range of sum insured so that you do not have to worry about finances. Following are the key benefits offered by Religare health insurance 5 lakhs:

1. Top-notch partners

The company has a strong partnership with leading healthcare providers in India like Fortis Healthcare Limited and SRL Diagnostics. So, the enriched partnership helps in offering good products to the customers.

2. Network Hospital

Religare health insurance company has a strong and wide hospital network. The policyholder has an option to select the hospital for availing cashless hospitalization treatment across India.

3. Wide range of products

Religare Health Insurance company has a wide range of products that help you cater to all your insurance needs. The company has a health insurance product for every phase of life i.e. individual health insurance plan, family floater plan, heart care health insurance plan, etc. an adequate range of products for every one

4. Convenient

The Religare health insurance 5 lakhs plan can be purchased easily and quickly. The company has a strong physical as well as virtual presence that makes it easier for the customers to buy a health insurance plan or pay the premium as per their convenience. They can either visit the nearest branch office or can buy the plan online.

5. Bonus

The company offers ‘No Claim Bonus’ on specific plans for every claim-free year.

6. Claim Settlement Ratio

Religare health insurance company is one of the leading insurance providers in India having a high claim settlement ratio. The claim settlement ratio of Religare Health Insurance Company Limited has set a benchmark of tremendous growth and registering an incurred claim ratio of 93% for the 2018-2019 financial year.

Religare Health Insurance Plans less than Rs 5 lakhs

Religare Health Insurance Company Limited offers top-notch insurance products to its customers. the company has designed health insurance products for every phase of life. The strong hospital network and well-curated products make Religare Health Insurance 5 Lakhs products a must-buy. Here we have curated a list of Religare health insurance 5 lakhs products and the key features and benefits.

1. Religare Care Health Insurance Plan

This plan is designed to offer health insurance coverage to the entire family. This a comprehensive health insurance plan offering coverage for the medical expenses for you and your entire family. This plan offers the auto-renewal facility and free health check-up facilities for the entire family.

Benefits of Religare Care Health Insurance Plan:

  1. Offers coverage for the pre-hospitalization expenses (up to 30 days)
  2. Covers post-hospitalization expenses (up to 60 days).
  3. Inpatient hospitalization up to sum insured.
  4. The health insurance coverage ranges between ₹3 lakh to ₹6 crore
  5. The policyholder can avail tax benefit under Sec 80D of the income tax act, 1961.
  6. Room Rent expense is covered for Single Private Room
  7. No limit on ICU Charges
  8. Rs 2000 per hospitalization is offered as ambulance cover
  9. Domiciliary Hospitalization cover up to 10% of the sum insured
  10. Health Check-up facility is available for all members
  11. No claim bonus is available
  12. Recharge of Sum Insured available
  13. Organ Donor cover of Rs 100000
  14. Covers for the expenses of doctor’s second opinion

Eligibility of Religare Care Health Insurance Plan:

  1. The minimum entry age is 91 days; the maximum entry age No Age Limit.
  2. Has a waiting period of 30 days.
  3. The policy can be renewed for lifelong.
  4. Option to enhance the sum insured subject to renewal of the policy

2. Religare Joy Health Insurance Plan

The plan offers to cover for the expenses incurring during childbirth. The plan offers two variants namely Joy Today (covers for the expenses of childbirth) and Joy Tomorrow (covers for the expenses of the new-born).

Following are the key features and benefits of the plan:

Key FeaturesJoy TodayJoy Tomorrow
Sum InsuredRs 3 Lakhs or Rs 5 LakhsRs 3 Lakhs or Rs 5 lakhs
Maternity Waiting Period9 months24 Months
Type of coverageIndividualIndividual
Additional BenefitsAvail tax benefits on premium paid
The facility of a free-look period of 15 days
Covers for pre-hospitalization and post-hospitalization expenses for 30 days and 60 days respectively
Free Cover offered to a new-born baby for 90 days

3. Religare Freedom Plan

This is a senior Citizen Religare Health Insurance 5 Lakh plan that offers a sum insured coverage ranging between Rs 3 Lakhs to Rs 10 Lakhs. Let us see the main features of the plan having a sum insured 3 lakhs and 5 Lakhs:

Particulars Key Features
Sum Insured3 Lakh5 Lakh
In-Patient CareCovers up to the amount of sum insuredCovers up to the amount of sum insured
Day Care TreatmentCovers up to the amount of sum insuredCovers up to the amount of sum insured
Recharge of Sum Insured100 per cent of the original Sum Insured subject to exhaustion of the Sum Insured
100 per cent of the original Sum Insured subject to exhaustion of the Sum Insured
Health Check-up FacilityYes, AnnuallyYes, Annually
Consumable allowanceRs 750 / day Rs 1000 / day
Companion BenefitRs 10000(in case of hospitalization for more than 10 days)Rs 15000 (in case of hospitalization for more than 10 days)
Ambulance coverUp to Rs 1000 per hospitalizationUp to Rs 1000 per hospitalization
Domiciliary HospitalizationUp to 10% of the Sum Insured covered after 3
days
Up to 10% of the Sum Insured covered after 3
days
Tenure1 Yr./ 2 Yr. or 3 Yr.1 Yr./ 2 Yr. or 3 Yr.

4. Religare Care Senior Plan

The plan covers the healthcare expenses of senior citizens above 61 years of age.

Features and Benefits of Religare Care Senior Plan:

The plan offers unique features and facilities as under:

  1. The plan is available under Individual and Floater Cover
  2. The plan offers for No Pre-policy medical check-up facility
  3. Under the floater cover annual health check-up facility is available for all insured persons
  4. In case the sum insured is exhausted, Automatic recharge of Sum Insured is possible
  5. As it is a health insurance plan for senior citizen you can avail tax benefit on a premium paid up to Rs 75000 u/s 80D of the Income Tax Act, 1961
  6. No Claim Bonus provides an increase in Sum Insured Up to 150%.

5. Religare Enhance – Super Top-up Health Insurance Plan

Enhance Plan offered by Religare health insurance company is a top-up plan that offers an additional safety net to the policyholder. This plan is advantageous when the hospital bill exceeds exponentially.

Features and Benefits of Religare Enhance – Super Top-up Health Insurance Plan

Following are the features and benefits of the plan:

  1. The plan offers flexibility to choose deductible offering with a wide range of sum insured options up to Rs.55 lakh
  2. No pre-medical check-up is necessary for policies having a sum insured less than 40 lakhs and if the policyholder is less than 50 years of age.
  3. with its Enhance Anywhere feature Policyholder can avail select medical treatment anywhere in the world
  4. claim settlement is done directly
  5. Hassle-free cashless treatment at network hospitals

Thus, above are the various plans of Religare Health Insurance 5 Lakhs. These affordable plans make it easier for people to avail health insurance and safeguard themselves financially in times of medical emergencies.

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