Reliance General Insurance, Policybazaar launch Reliance Health Gain Policy

Launched in May, the Reliance Health Gain Policy has witnessed excessive demand amongst prospects due to its options and advantages. The coverage offers its prospects the liberty to decide on and personalise their well being insurance policies as per their necessities. By making the product dwell on Policybazaar’s digital distribution channel, this partnership goals to make sure insurance accessibility for all.

“The non-life insurance penetration in India is about 1% of GDP which is kind of low compared to the worldwide common of 4.1%. In India, the Fintech ecosystem with its giant buyer base presents a novel alternative to faucet the uninsured inhabitants and make insurance out there to everybody in each nook of the nation. We at Reliance General Insurance all the time attempt to herald modern merchandise that meet the shoppers’ necessities and serve them the very best. We are optimistic that providing Reliance Health Gain Policy on Policybazaar will allow us to make our most versatile well being insurance product accessible to a bigger inhabitants and current them with the liberty of alternative in well being insurance. Through such a customisable product, we goal to encourage uninsured prospects to guard themselves and their hard-earned financial savings with well being insurance,” Rakesh Jain, CEO, Reliance General Insurance, mentioned.

Reliance Health Gain Policy is accessible in three totally different plans – Plus, Power and Prime – and an array of options to facilitate customisation of coverage for every buyer. The coverage comes loaded with 38 industry-leading options like Double Cover that gives twice the quantity of sum insured for use throughout the identical declare; Unlimited reinstatement to revive the bottom sum insured quantity as many occasions because it will get exhausted throughout a coverage 12 months; Guaranteed Cumulative Bonus, that protects lack of cumulative bonus submit declare; or the profit to cut back Pre-Existing illness ready interval from 3 years to 2 and even 1 12 months. With many extra such advantages, the product has been designed maintaining in thoughts the fashionable well being insurance client.

“This plan, which is extremely customizable, will successfully cater to the wants of a small household of two in addition to a bigger one in every of 12. This affiliation is in step with our model’s imaginative and prescient of Har Family Hogi Insured and likewise aligned with the regulator IRDAI’s imaginative and prescient of accelerating the insurance penetration in India,” Sarbvir Singh, CEO, Policybazaar.com, said.

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