7- Reliance General Insurance Co. Limited - Critical Illness Insurance
Reliance Critical Illness Policy
Features
The thought of a critical illness is unpleasant and least desirable to discuss. This is because apart from having an adverse effect on one’s health it also leaves a devastating effect on an individual’s financial situation.
How does one ensure that they continue to enjoy the standard of living that they enjoyed before a critical illness? It therefore becomes important to prepare oneself to deal with this unfortunate situation.
The survival rates for those afflicted with a critical illness are rising. However, despite their survival, the sufferers often remain incapable of earning a living.
These leave a impact on the family finances as the family loses the monetary contribution of an earning member.
We ensure that during times like these, you remain positive and cheerful
Key Advantages
Policy Coverage
Policy provides coverage for 10 critical illness/ surgeries
Convenience all the way
Offers a wider Sum Insured options to choose between Rs. 5 lakhs to 20 lakhs
Does not require you to undergo a Medical test required up to the age of 45 years
Persons between 20 years and 50 years of age can be covered under this Policy
Policy duration for 1 year & 3 years
Renewal Bonus
Avail Renewal Rewards – No claim bonus of 5% for every claim free renewal, which can be accumulated upto 50 %
Tax wise
You can also avail Income Tax benefits under Section 80 D
Policy Coverage
The Reliance Critical Illness Policy provide for a lumpsum benefit on diagnosis of the following Critical Illnesses or performance of any of the mentioned Surgeries.
Category I – Life Threatening
   
  1. Cancer
  2. Major Organ Transplant
  3. Multiple Sclerosis
  4. Third Degree Burns
  5. Aorta Graft Surgery
Category II – Lifestyle Disabling
   
  1. Heart Valve Replacement or repair
  2. Coma (persisting more than 30 days)
  3. Quadriplegia (persisting more than 60 days post diagnosis without any significant recovery)
  4. Total Blindness
  5. End Stage Renal Disease (not involving transplant)
The benefit payment under the Policy will be paid on survival for more than 30 days post diagnosis of the critical illness except in case of Quadriplegia where the benefit will be paid after 60 days.
Sum Insured Options
The Policy offers you an option to choose between Sum Insured of Rs. 5 lakhs, 7 lakhs, 10 lakhs, 15 lakhs and 20 lakhs
Exclusions
To ensure that you do not face any unpleasant surprises when you make a claim, we would like you to know some of the major exclusions under the policy.
Reliance Critical Illness Policy does not cover the following:
   
  • All diseases, illnesses, injuries which are pre-existing when the cover incepts for the first time under this Policy
  • Critical illness contracted or evidenced through signs and symptoms within 3 months of the inception date of this Policy
  • No benefit under the policy if death occurs within 30 days of diagnosis of the critical illness or performance of surgery
  • Certification/diagnosis by a family member, person not registered as Medical Practitioner or any diagnosis that is not scientifically recognized.
  • Any critical illness arising out of any congenital Illness or condition or disorder whether internal or external
  • Critical illness/condition resulting, directly or indirectly, caused by, contributed to or aggravated or prolonged by child birth or from pregnancy or in consequence thereof.
  • Any critical illness due to alcohol, smoking, other tobacco intake or drug abuse.
  • Any treatment/surgery for change of sex or any cosmetic surgery or treatment/surgery/complications/ illness arising as a consequence thereof
  • Critical illness acquired as a consequence of Human Immuno-deficiency Virus (HIV) infection
  • Critical illness arising due to intentional self-injury, suicide or attempted suicide
  • Any critical illness arising or resulting from the Proposer or any of his family members committing any breach of law or participating in an actual or attempted felony, riot, crime, misdemeanor or civil commotion
  • War, Terrorism induced Critical Illness/Surgery or caused by nuclear weapons
Eligibility
The policy can be issued to any Individual between the age group of 20 to 50 years. The maximum entry age & exit age in the Policy is 50 & 55 years respectively.