Reliance General Insurance, certainly one of India’s main General Insurance firms has launched of certainly one of its most versatile and widespread merchandise – Reliance Health Gain Policy – on Policybazaar’s on-line platform, the corporate introduced on Monday.
Launched in May, the Reliance Health Gain Policy has since witnessed excessive demand amongst clients due to its options and advantages. The one-of-a-kind coverage provides its clients the liberty to decide on and personalise their well being insurance policies as per their necessities. By making the product reside on Policybazaar’s digital distribution channel, this partnership goals to make sure insurance accessibility for all.
Reliance Health Gain Policy is without doubt one of the most versatile and customizable well being insurance insurance policies in the {industry}. Available 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 publish declare; or the profit to scale back Pre-Existing illness ready interval from three years to 2 and even one 12 months.
With many extra such advantages, the product has been designed retaining in thoughts the trendy well being insurance shopper.
Commenting on the event, Rakesh Jain, CEO, Reliance General Insurance, mentioned, “The non-life insurance penetration in India is about 1 per cent of GDP which is quite low in comparison to the global average of 4.1 per cent. In India, the Fintech ecosystem with its large customer base offers a unique opportunity to tap the uninsured population and make insurance available to everyone in every corner of the country.”
“We at Reliance General Insurance always strive to bring in innovative products that meet the customers’ requirements and serve them the best. We are optimistic that offering Reliance Health Gain Policy on Policybazaar will enable us to make our most flexible health insurance product accessible to a larger population and present them with the freedom of choice in health insurance. Through such a customisable product, we aim to encourage uninsured customers to protect themselves and their hard-earned savings with health insurance,” he mentioned.
Sarbvir Singh, CEO, Policybazaar.com, echoed the sentiment, saying, “We are proud to have worked closely with Reliance on the design of the Reliance Health Gain Policy. It is a unique and timely product in the health insurance market. This plan, which is highly customizable, will effectively cater to the needs of a small family of 2 as well as a larger one of 12. This association is in line with our brand’s vision of Har Family Hogi Insured and also aligned with the regulator IRDAI’s vision of increasing the insurance penetration in India.”
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