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

ICICI Prudential Dynamic Plan Invest Online

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   ICICI Prudential Dynamic Plan             Invest Online This fund does remarkably well during falling markets, but fails to show the same prowess during a rising market. The fund sticks to its mandate to adapt to the dynamic nature of the market by shuttling between debt and equity. It takes aggressive asset calls in equity when the market surges by investing in quality mid-cap stocks. At the same time, it adopts a defensive strategy by investing in debt and cash when markets get overvalued, making it a good long-term choice.     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 ...
Read more

Group Health Insurance

Buy Group Health Insurance Online   For Human Resources, the biggest challenge today is to decide whether medical benefits should be offered to employees or not, what type of plans should be offered, what will be the cost and how will the cost be split between employees and employer. Well, most of these are subjective and would depend on a lot of factors including company size, average employee salary, etc. However, this article will give you a fair idea on how you should go about deciding these factors: 1. Why offer group health insurance benefit to employees : Studies have proved that retention rates among employers offering GHI are much higher than the ones who are not offering. Moreover, the cost of providing this benefit as a percentage of salary is very low as compared to the perceived value. As an example, say if average salary of an employee in your organization is 4 LPA. If you decide to offer a health insurance benefit to him for a Sum insured of ...
Read more

SBI MAGNUM MIDCAP ONLINE

Invest SBI MAGNUM MIDCAP ONLINE   SBI MAGNUM MIDCAP fund didn't fare well in its initial years but, in recent years, has steadily improved its performance under the capable hands of its current fund manager. Although investing predominantly in mid-cap stocks, the average market capitalisation of its portfolio is lower than other category peers.   Although the stock selection approach is mostly bottom-up , the fund manager doesn't shy away from taking bold sector bets , as is reflected in its large exposure to the healthcare sector. She is equally adept at handling performance across market cycles--the fund has captured more of the upside during market upticks and contained the downside during downturns in a better manner than its peers.   Given its superior risk-reward equation, the fund is a worthy pick in its category.     ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing EL...
Read more

Birla Sun Life MIP II Savings 5

  Birla Sun Life MIP II Savings 5 - Invest Online   Have you traditionally been a debt investor but now wish to test waters in equities? Then, debt-oriented funds such as Birla Sun Life MIP II Savings 5 (Birla Savings 5), which have limited exposure to equities, may fit your requirement. With a five year return of 10.5 per cent compounded annually, the fund managed a good 3-3.5 percentage points more than its benchmark Crisil MIP Blended Index, as well as its category average. The fund appears well poised to capitalise on a falling interest rate scenario and has increased the average portfolio duration of its debt instruments in recent times. Suitability Birla Savings 5 is suitable only for conservative investors. If you want to make a beginning in equities and cannot take any short-term declines in your stride, then this fund will suit you. If you are already an equity investor and want to use a debt-oriented fund merely as a diversifier, then you may prefer peers from the HDFC and Re...
Read more

Lump Sum or SIP?

Invest Mutual Fund Online     You have a lump sum in hand and you wish to invest in equity funds. However, you have heard a lot of talk about investing in equity funds through Systematic Investment Plans (SIPs) because they help average costs, ensure you do not ill-time the market, and help you invest in small sums, besides giving you many other advantages. So, should you invest the money you have in hand in one go, or let it remain in your bank account and then do an SIP? There is no harm in investing a lump sum amount. For all you know, compounding, over the long term, could work better with lump sum. However, make sure you fulfill all of these three criteria if you want to invest in one go. Else, SIP is the way to go. #1: You invest for the long term According to past data, ideally, if you have a time frame of 12 years or more, you can consider lump sum investing (provided you satisfy the other two conditions that follow). So, what is the sanctity behind 12 years? Is it because only...
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