Skip to main content

Religare Health Insurance Care

Download Tax Saving Mutual Fund Application Forms

Invest In Tax Saving Mutual Funds Online

Buy Gold Mutual Funds

Leave a missed Call on

94 8300 8300

 

 

 

Religare health insurance which is promoted under shareholding of Religare enterprises, Union bank of India and Corporation bank came with its first flagship product care which was launched in July 2012 with loaded features. Most of the features are mixture of the then popular products of Apollo Munich and Max Bupa. Being a new company with no experience on claim settlement it was difficult to trust product like religare health insurance, but now after 1 and half year of existence, good customer service and decent claim settlement track record ( 90% plus as claimed by company…yet to be verified) I think that this policy should be under " can be considered" category for all those who are planning to buy health insurance for self, family or parents. Let me take you through brief features of Religare health insurance care and also one additional optional feature of No claim bonus super which has added more attraction to this product.

Religare health insurance Care – Features

All day care procedures covered : Along with all other common features of hospitalization benefit with no sub limits or capping ( for higher sum assured of 5 lakh plus ) , one of the major benefit in this product is about day care surgeries. Where many health insurance policies have some defined surgeries being covered under the day care benefit…Religare covers all Day care procedures.

No maximum enrollment age: the other advantageous feature in Religare health insurance care is no maximum enrollment age limit. Though for a person entering after 61 years of age, co payment feature (20%) is applicable but still I found it a good policy even for parents /Senior citizens especially for first timers entering after 65 years of age. Copayment is something which is normally asked for by all insurers from first time entrants in this age group.

Recharge benefit: I have written a full post on explaining the difference between Restore an Recharge benefit. Restore now days is available in many health insurance products but recharge is only in Religare health insurance care.

Annual Health check up: Religare health insurance offers annual health check up (specified tests as per age) to all insured persons every year, irrespective of claim history. This is also one of the features which attract me specifically in case of health insurance for parents. Though routine preventive health check up is must for all but it is inevitable for senior citizens.

New Add on feature – No claim bonus Super

Religare health insurance care has a feature of giving 10% no claim bonus for every claim free year upto maximum of 50%. But now to answer the competition from Apollo Munich Optima restore or the likes, it has come up with add on optional feature which is called as NO claim bonus Super.

No claim Bonus Super is a benefit where the insured gets an increase of 50% in the sum insured for every claim free year, up to the maximum of 100 % of the sum insured. This is over and above the existing NCB of 10% which is available every year.

Example:

Hence, with the new NCB Super benfit coming into play, an insured can enjoy a sum insured of 2.5 times his original sum insured if he does not claim for 5 consecutive years ( from 5 lakh to 12.5 lakh). This is the highest level of NCB available in the market.

Reasonably Cheap Premium Quotes:

The premium rates of Religare health insurance care (with or without No claim bonus) is very much reasonable as compared to its counterparts. For Rs 5 lakh individual cover of different age samples in Religare health insurance care as compared to Apollo Munich optima Restore and max bupa heartbeat is as follows:

*Apollo optima restore does not have annual health check up benefit feature. It also does not let anyone above 65 years to enter, but one can keep on renewing the policy if bought before 65 years of age.

Health insurance cover is must for all. Even for those who are covered under employer provided insurance coverage. The product space in health insurance is getting competitive day by day and many innovative products are coming up in market with attractive features which is beneficial for consumers at large.

Bottomline is that you should be insured adequately…either through Religare health insurance or any other insurer of your liking.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund

2.Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Popular posts from this blog

Mutual Fund Review: Taurus Tax Shield

    Taurus Tax Shield has seen a turnaround in performance since 2007, but still remains a volatile offering… The fund has seen a turnaround in its performance since 2007 and has delivered impressively during market rallies since then. The portfolio is also more diversified. It contained its downfall to an average level in 2008 but is still one of the most volatile offerings in this category. Bold investors can look at this fund.   Strategy The fund manager invests across the market capitalisation and sectors. The selection of stocks is made on the basis of long-term business prospects and value creation. Fund Insight Launched in March 1996, the fund was a laggard with just two annual outperformances. Concentrated stock bets and high exposure to mid and small caps led to it being hit harder during market downturns. The number of stocks in the portfolio never exceeded 20 and it was not rare to see the top 5 holdings account for around 60 per cent of the portfolio. After b...
Read more

NRIs and direct taxes code (DTC)

DTC Proposes To Do Away With Special Provision That Allows NRIs Liberalised Duration Of Stay In Country      THE new direct taxes code could bring a large number of global Indians under the tax net, as it does away with a provision that allowed individuals to escape tax in any country citing double tax avoidance.    The new legislation, introduced in Parliament on Monday, says an individual shall be a resident of India in any financial year if he is in the country for more than 59 days in that year, and has been has been India for more 365 days in four preceding financial years. A number of Indian industrialists including Vedanta's Anil Agarwal and Essar's Ravi Ruia have acquired non-resident status over the years.    The DTC has only attempted to clean up the provision in line with the laws globally. A phrase "being outside India" in the existing income tax law exempted individuals who stay outside the country for six months from paying taxes. This was prone ...
Read more

AXIS Long Term Equity Fund - The Best Tax Saver Fund for 2016

  AXIS Long Term Equity Fund - Invest Online   History:   The open ended mutual fund was launched on December 21 in the year 2009. It is benchmarked against BSE 200 and managed by the fund manager JINESH GOPANI. Initially the scheme was called as Axis tax saver fund but later it was renamed as Axis long term equity fund with effect from September 2, 2011. Nature of investment: As far as asset allocation is concerned, 97.52% of the stocks are equity and 0.02% is debt based. The primary focus of the fund is to invest in diversified equity stocks that have higher growth potential. Total asset size of the fund is in the tune of 4,996 CRORE as of June 30, 2015. Performance: The performance of the fund for one year, 3 years and 5 years are 23.6%, 29.9% and 19.1 respectively which are far greater than 6.4%, 14% and 5.6% benchmark figures. It has also preformed fairly well against SBI magnum Tax Gain (G) and HDFC tax saver (G). The growth comparison is enumerated below;                        ...
Read more

IDFC Classic Equity Fund

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   IDFC Classic Equity Fund IDFC Classic Equity is a large-cap equity fund which currently has assets under management worth Rs. 158.52 crore. It was launched in August 2005. The fund is benchmarked against the BSE-200 Index. Performance YTD 1-Year 3-Year 5-Year Since Inception IDFC Classic Equity 0.93 26.61 6.30 1.01 11.65 BSE 200 1.52 17.31 6.00 1.99 12.98 All figures in % as on January 31, 2013; Returns above one-year in CAGR terms ...
Read more

Stick to Good Fund Manager who Can Multiply Your Investment

A manager may be the difference between the best and worst funds. Here's how you can find the right one    Does a mutual fund manager make a difference to your investment? The answer may not be as easy as you think, since most best-performing mutual funds have moved away from individualistic fund management to process-driven methods, limiting the scope of an individual's role in investment decisions. In fact, many fund managers would speak at length about how the "system" their fund house has in place makes their task of picking stocks easy even though it restricts their freedom. Still, the question is important, especially after recent reports that the Securities and Exchange Board of India ( Sebi ) may ask fund managers to disclose to investors their track record of managing money. Let us take a look at the universe of large-cap funds over the past five years. According to Value Research, an independent mutual fund tracking firm, the topper in the category is DSP...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now