Here’s why every individual should have a customized health insurance policy

Medical emergencies, by nature, are unpredictable and can come without prior – warning. This makes it pertinent for every individual to have health insurance so that their physical and financial health is always bolstered. Amid inflation and rising healthcare costs, health insurance has emerged as a cost-effective method of risk financing. A well-rounded health insurance plan offers an expansive financial coverage that includes the costs of treatment in India as well as abroad, in addition to hospitalization costs, diagnosis costs, ambulance and medicine bills, and the ease of instant payouts for greater financial flexibility.

The need to opt for personalized health insurance plans

It is important to remember that health is a largely personal matter and the degree of it differs from person to person and is dependent on the various stages and circumstances that we are in life. For instance, the risk for certain medical issues increases with age. In addition to this, health is also largely determined by the lifestyle we lead. These variables like age, lifestyle and life stage among others go on to impinge on our overall health needs and determine what our health insurance policies should cover. For any individual, a personalized health insurance policy allows more personal choice, freedom, and flexibility. This also enables individuals to make effective and efficient health care decisions that they can personalize as their lifestyles and priorities change. Thus, it is more important than ever to secure your health with a comprehensive health insurance plan.


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To help individuals get more customized benefits on their health insurance policy, Reliance General Insurance company has designed the
Reliance Health Gain Insurance plan– a comprehensive health insurance policy that comes with a list of benefits such as cashless hospitalization, unlimited reinstatement of base sum insured, double cover, air ambulance, consumable cover, enhanced pre and post hospitalization expenses, and numerous add-on features. This policy comes with three different plans Plus, Power and Prime which an individual can choose according to their requirements.

Let us look at what the policy entails:

Double Cover on same claim: The policy offers the insured 100% base sum-insured over and above to be used on the same claim. This means that one gets a double cover on the same claim.

Unlimited reinstatement of Base Sum insured: With the Health Gain Plan, the insurance buyer gets to restore their base sum-insured as many numbers of times as they exhaust it in a year on unrelated illness / injury. In fact, with this cover, they can use up to 100% of base sum insured on related illness / injury also.

Hospital cash and consumable cover: The policy offers daily cash for 30 days in case of normal hospitalization of beyond 72 hours. In case of ICU hospitalization, the policyholder will get 2x of normal hospitalization cash for 15 days.

Guaranteed Cumulative Bonus: As an enhanced cover, the policy gives you an opportunity to keep your unutilized cumulative bonus intact even in the event of a claim

Reduce pre-existing disease waiting period: In order to strengthen the over-all policy benefits, it comes with a reduction of 3 years waiting period for expenses related to the treatment of pre-existing diseases up to only 1 year.

Modern treatment around up to 100%: The policy also gives holders the option to
increase their coverage for modern treatment methods to up to 100% of sum insured.

Wide sum insured option Rs 3 Lakhs to 1 crore: The policy understands the needs of different categories of insurance buyers, and therefore it provides an expansive sum insured option that starts from Rs 3 Lakhs and goes up to Rs 1 crore.

Select hospital room rent: Making the policy as flexible as possible, it gives insurance buyers the option to increase ordecrease their hospital room rent limits or even upgrade or downgrade their room category as they would prefer.

Loyalty benefits on year-on-year renewal (over and above sum insured limit): Reliance General Insurance probably introduces the industry first loyalty benefits on this plan and hence at the time of renewal every year, it adds a benefit in cover to the insurance holder’s policy at no additional cost. This varies with each year of renewal irrespective of claims.

Cover up to 12 family members in the same family floater policy: We understand the value of family and henceUnder the family floater unit of the plan, the insurance buyer gets to cover up to 12 members in single policy. It has three options-

1. Plus – maximum of 2 Adults (Self + Spouse) and 6 children

2. Power – maximum of 4 Adults (Self + Spouse + one set of dependent Parents or Parents-in-law) and 6 children

3. Prime – maximum of 6 Adults (Self + Spouse + set of dependent Parents + set of Parents in law) and 6 children

With all this and more, Reliance Health Gain Policy stands out as one of the most comprehensive health insurance policies that an individual can opt for. However, as someone seeking health insurance, one of the best ways to make the policy work for you is to make a declaration of all your pre-existing medical conditions like diagnosed illnesses, medical history of illness / hospitalization / surgery or major accidental injury and get all necessary checks and tests done before buying the policy. It is also important to read the type of diseases which the insurance companies define as pre-existing conditions to avoid problems when the time comes to raise a claim.

Even though buying a
health insurance policy might not look like a financial investment at face value, it can go a long way in protecting you against unfortunate events that can lead to major monetary losses. In addition to this, health insurance also comes with the benefits of Section 80D, giving you an option to decrease your tax liability.

If you are looking to avail personalized benefits on your health insurance plan and enjoy financial freedom at every stage of your life, RGI’s Health Gain Plan is for you.

Click here to know more about the plan.

Disclaimer: This article has been produced on behalf of RGI by Times Internet’s Spotlight team.

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