Wednesday, July 17, 2013

Reliance General to unveil health insurance for women, girl child

Reliance General Insurance, a part of Anil Ambani’s led Reliance Capital has announced that it would launch a women and girl child centric health insurance policy named Reliance Healthgain on August 1, this year.  Making the announcement, Sri Rakesh Jain, CEO, Reliance General Insurance said, “The new product would offer pricing benefits of up to 5 % on the total family premium in case of the addition of a girl child. It would also offer a discount of 5 % on the entire policy premium for a female proposer who is a widow covering self or children, or an individual covering self, provided she is unmarried, widowed or divorced.”

However, in any circumstances, the total discounts would never surpass 15%.  The other benefits of buying Reliance Healthgain policy are, in case of delay in claim settlement, the company would pay additional financial compensation to the policyholders. Similarly, in case of delay in policy issuance, the company would guarantee additional sum insured to the policyholders.

The insurer has not yet disclosed the pricing of the policy. According to Sri Jain, the same is expected to be disclosed in a week time. Through this plan, the insurer is planning to cover about 4 lac people within the first year of its launch. 

In the first quarter of the FY’ 2013-14, Reliance General registered a growth of 110% to Rs 169 crore in health insurance premium.


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