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

ULIP Review: ProGrowth Super II

  If you are interested in a death cover that's just big enough, HDFC SL ProGrowth Super II is something worth a try. The beauty is it has something for everybody — you name the risk profile, the category is right up there. But do a SWOT analysis of the basket, and the gloss fades     HDFC SL ProGrowth Super II is a type-II unit-linked insurance plan ( ULIP ). Launched in September 2010, this is a small ticket-size scheme with multiple rider options and adequate death cover. It offers five investment options (funds) — one in each category of large-cap equity, mid-cap equity, balanced, debt and money market fund. COST STRUCTURE: ProGrowth Super II is reasonably priced, with the premium allocation charge lower than most others in the category. However, the scheme's mortality charge is almost 60% that of LIC mortality table for those investing early in life. This charge reduces with age. BENEFITS: Investors can choose a sum assured between 10-40 times the annualised premium...

Section 80CCD

Top SIP Funds Online   Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...

Am you Required to E-file Tax Return?

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   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...

Bharat Bond ETF

Top SIP Funds Online   The government of India has paved the way for the launch of India's first corporate bond ETF called as Bharat Bond ETF. Edelweiss Mutual Fund will be managing it. The fund is mandated to invest in AAA-rated bonds of select public sector companies (see the table 'List of constituents and their proportions in the portfolio'). The government has a threefold objective behind launching this product. One, to deepen the liquidity of the Indian debt markets and provide a gateway for easy retail participation. Two, to solve investors' dilemma of picking premium bonds. Lastly, to help the underlying government-owned companies raise funding for their operations. But does it make sense for you, the investor, to invest in it? Lets find out. What is the product? As the name suggests, it is an exchange-traded fund which will be listed on a stock exchange from where its units can be bought and sold post launch. It will have two variants - one maturing in 3 ye...

What is Electronic Clearing Service (ECS)?

  As the name suggests, it's an electronic process through which money can be transferred from one bank account to another. According to RBI, this mode is usually used for regular payments and receipts, like distribution of dividend, interest, salary, pension etc. This mode is also used for collection of bills for telephone, electricity, water, various types of taxes, payment of EMIs , investments in mutual funds , payment of insurance premium etc. There are two types of ECS , like most other banking transactions, ECS credit and ECS debit. An ECS credit is used by a bank account holder , usually a large company or an institution for services like payment of dividend, in terest, salary, pension etc. If your mutual fund pays you dividend to your bank account, of all probability it is being paid through ECS credit.ECS debit, on the other hand, is used when a company or an institution is getting money from a large number of people. For example if you are investing in a mutual fund sc...
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