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| NRI Overseas Travel Health Insurance Policies from India |
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Go to Main Page |
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Policy Wording/ Proposal Form/ Brochure |
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Product details of Various Companies for NRI Insurance policy |
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| General/Health Insurance Companies Products |
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| Reliance General Insurance Company Limited |
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Reliance Pravasi Bhartiya Bima Yojana Insurance Policy |
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| The New India Assurance Co. Ltd. |
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Pravasi Bhartiya Bimayojana Policy |
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| 2- Rishtey Parents Insurance, ICICI Lombard General Insurance Company |
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| Source: Website of ICICI Lombard General Insurance Company Limited |
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Terms of Renewability
Your Rishtey Health Plan can be renewed instantly.
A. The policy can be renewed under the prevailing Rishtey Plan or its nearest substitute approved by IRDA in the event that the plan has been discontinued.
B. Renewal Premium - Premium payable on renewal and on subsequent continuation of cover are subject to change with prior approval from IRDA.
C. Maximum Renewal Age- This policy can be renewed up to a maximum age of 75 years.
D. Floater Benefit- The floater benefit under this policy is available up to the age of 60 years. All the insured above age of 60 years will be covered under an individual plan.
E. Grace Period- The Policy may be renewed by mutual consent and in such event the renewal premium shall be paid to the Company on or before the date of expiry of the Policy and in no case later than 15 days (Grace Period) from the expiry of the Policy. However, the Company shall not be liable for any claim for the period for which premium is not received by the Company.
F. Cumulative Bonus- An Additional Sum Insured of 5% would be provided on cumulative basis on each renewal up to a maximum of 50% in case their is no claim under the policy. However, 10% of the Sum Insured will be reduced from the accumulated Additional Sum Insured, in case there is a claim under the policy.
G. Sum Insured Enhancement- Sum Insured can be enhanced only upon renewal, subject to underwriters' approval.
H. Inclusio / Exclusion of Insured- This policy allows to include or exclude a member in the plan only at the time of renewal.
I. Loading in case of Claims- The renewal premium shall be calculated as per the age of the senior most insured member as covered under the policy. A loading may be charged on the premium in case there is a claim in the expiring policy. The loading of premium is calculated as per the following scale : |
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| J. In case of claim not pertaining to chronic Illness – |
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| Claim Amount (Rs.) |
Loading |
| 0 - 25,000 |
Nil |
| 25,001 - 50,000 |
10% |
| 50,001 - 100,000 |
20% |
| 100,001 - 200,000 |
50% |
| >200,000 |
75% |
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For subsequent renewals, there will be no loading unless there is a claim in any renewal policy.
ii. In case of claim pertaining to chronic illness like heart diseases, cancer, brain diseases, organ failure and cirrhosis of the liver, loading of 75% on the base premium will be applicable.The loading will be applicable for all subsequent renewals. If there are claims in the subsequent renewals, further loading of 75% would be applicable, subject to a maximum of 200% on the base premium.
The extent of loading thus derived would be applicable for all subsequent renewals. For the purpose of determination of loading on renewal policies, chronic ailments mean any condition or Illness which is normally prolonged or recurrent, including but not limited to heart diseases, cancer, brain diseases, organ failure and cirrhosis of the liver. |
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| Parent's Health Insurance Policy Premium Table |
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| Premium Table |
| Age Slab |
Plan 1
Sum Insured per yearRs. 2,00,000 |
Plan 2
Sum Insured per yearRs. 3,00,000 |
| 3 months – 35 years |
Rs. 6,634 |
Rs. 8,599 |
| 36 years – 45 years |
Rs. 8,108 |
Rs. 10,565 |
| 46 years – 55 years |
Rs. 12,284 |
Rs. 16,215 |
| 56 years – 65 years |
Rs. 17,198 |
Rs. 22,112 |
| 66 years – 70 years |
Rs. 21,620 |
Rs. 27,517 |
| 71 years – 75 years |
Rs. 21,620 |
Rs. 27,517 |
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- Premium shown in the table is for 2 years and includes service tax and TPA fee.
- Sum Insured shown in table is the amount of cover available per person per year.
- Air ticket reimbursement benefit in Plan 1 and 2 is Rs. 10,000 and Rs. 20,000 respectively.
For complete details, refer to the Policy Wordings. |
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What is not covered
Exclusions valid for the first 30 Days
- Any illness contracted within 30 days of the inception date of the Policy, except those that are incurred as a result of an accident. This clause is not applicable on the subsequent renewals
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