Religare Health Insurance - Best Overview for 2020 ~ Health Policy

Religare Health Insurance - Best Overview for 2020

religare insurance

Highlights

- 7,400+ Network Hospitals
- 6,91,739 Policies Issued
- 55% Incurred Claim Ratio
- Lifelong Renewability
- 92.83% Claim Settlement Ratio FY19
- 100% In-House Claim Settlement
- Coronavirus (COVID-19) Cover

About Religare Health Insurance:

Religare Health Insurance is a standalone health insurance company, providing insurance services to individuals, families and corporates. The organization is a joint venture of Reliance Enterprises Limited, Corporation Bank, and Union Bank of India. The company has focused on innovative products, value for money services and application of advanced technology to deliver incredible customer support.

When it comes to offerings, Religare Health Insurance goes into the retail segment to offer a range of products such as Critical Illness Cover, Personal Accident Cover, Top-up Cover, Maternity Cover, as well as Group Health Cover and Group Personal Accident Cover. Occupations.

For its unique services, the company has been awarded the 'Editors' Choice Award for Best Product Innovation' at Finovetti and 'Best Medical Insurance Product Award' at the FICCI Healthcare Awards. Religare has also been awarded the ABP News-BFSI Awards along with 'Best Health Insurance Company' and 'Best Claims Service Leader of the Year - Insurance India Summit and Awards'.

How to buy Religare Health Insurance on Health policy?

You can buy Religare Health Insurance policy on Health policy through online and offline mode. Buy Religare Health Insurance online at Health policy. You can follow the steps given below to buy Religare Health Insurance Plan online at 9409544999 Health Policy:

Step 1: Go to www.healthpolicy.xyz and choose health tab.

Step 2: Submit your email, contact us for more information.

Step 3: Fill in your email id and city and click on submit and view quotes. Several policy quotes will be displayed according to your selection. Select the plan that suits your needs.

Buy Religare Health Insurance Offline at HealthPolicy!


To buy a Religare Health Insurance plan offline at Health policy, you can call us on  any day of the week (Monday-Sunday) between 9.30 am and 6.30 pm.

For any assistance, please feel free to write to us at parth7878@yahoo.com.

Top Religare Health Insurance Plan Types


Religare has several health insurance plans to offer its customers. However, here is the list of its top 5 health insurance plans:

Religare Care Health Insurance Plan - This is a complete health insurance policy designed to provide coverage for policyholders for medical costs caused by an illness or injury.

Religare Care Freedom Health Insurance Plan - This is a policy that aims to provide unique benefits to people suffering from diabetes, high BMI or high BP and cover the treatment costs of such diseases.

Religare Care Heart Health Insurance Plan - This insurance plan covers pre-existing cardiovascular diseases. This is meant to cover the costs caused by any medical emergency that may occur with heart patients.

Religare Care Senior Health Insurance Plan - This is an insurance policy for senior citizens, that is, people over 61 years of age. The plan provides them coverage for post-retirement medical emergencies.

Religare Joy Health Insurance Plan - This is an insurance plan that provides coverage for maternity related expenses. Apart from pregnancy, it is also to compensate for the expenditure on medical needs of newborns.

What is a health insurance top-up plan and why should I buy it?


A top-up health insurance is an additional coverage that you can add to your existing health insurance plan. The benefit of a top-up plan is available only after the threshold limit or exceeds the deductible of your existing plan. This can only be taken by those who already have an existing insurance policy. 

You can avail top-up insurance policy by paying additional premium amount. By adding a top-up plan to your standard plan, you can ensure that your insurance coverage is not reduced during the hospitalization or treatment of yourself or any of your family members. Basically, it helps to increase your health insurance coverage at affordable premiums.

Religare Health Insurance offers a top-up plan known as Religare Enhancement Plan. It is a scheme providing additional coverage that works on the principle of deductible. It gives several deductible options to choose from with different insured amounts up to Rs. 60 lakhs, including deductions. The plan is loaded with many benefits such as annual health screening, organ donor cover, daycare treatment and many more.

Why choose Religare Health Insurance?


Religare Health Insurance keeps a lot of wings in its cap which makes it a great insurer to choose from. Here are some reasons that make it an ideal choice for health insurance plans:

High Claim Settlement Ratio - Claim Settlement Ratio is the percentage of claims successfully settled by an insurance company out of the total claims received by it in a financial year. Religare has achieved an excellent claim settlement ratio of 92.83% in the financial year 2019-2020.

Active Customer Support - Religare customers can reach their customer service team at any time to resolve their health insurance questions. Religare Health Insurance provides a 24x7 claims support service to its policyholders operated by an experienced and qualified team of professionals.

Quick Cashless Claims Approval - Religare Health Insurance's claims settlement team is incredibly well into settling health insurance claims. They claim to settle their cashless claims in a maximum of 2 hours, providing a great experience to policyholders.

Wide Network of Hospitals - The insurer has partnered with 7,400+ hospitals where its policyholders can receive cashless medical treatment. With such a wide network you can easily find a networked hospital near your location.

Benefits of Religare Health Insurance


Following are the benefits that you can avail with Religare Health Insurance Policy:

Auto Recharge Feature - During any health emergency, a financial crisis can be a nightmare. Therefore, you can get an immediate recharge after your insurance amount expires with the auto recharge of the policy insurance amount offered with the Religare Health Insurance Plan.

Modern Treatment - Religare Health Insurance plans provide advanced level of medical treatment while taking care of all your financial concerns. The insurer provides coverage for modern treatments such as Robotics Surgery and HIV / AIDS under Religare Insurance.

Health Income - With this benefit, policyholders can avail up to 25% of their premium amount by inviting their partners, friends and family members to get insurance under Religare Health Insurance.

Easy Portability Option - Religare Health Insurance Plan provides an easy option for customers who wish to switch their existing insurance plans. There is a short process to go through this which includes premium check, filling of existing insurance details and completing payment.

Lifetime Renewability - Policyholders can get this lifetime renewable facility insured under Religare Health Insurance for lifetime. To avail this offer, all you have to do is renew your health insurance plan at the end of your policy term, which may vary according to your selection.

Religare Health Insurance Claim Settlement Ratio

Religare Health Insurance's claim settlement ratio has been consistently high during the past years. With an impressive claim settlement ratio, Religare Health Insurance has managed to win the trust of its current and potential policyholders over the years. Following are the claims settlement ratios of Religare in the last 2 financial years:


Financial Year
 
Claim Settlement Ratio
 

 FY 2018-2019 

 89.59%
FY 2019-2020
 
92.83%
 

(Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition)

Religare Health Insurance Network Hospital


Only hospitals that are part of the insurance company's network offer cashless claims. Thus, the wider the network of cashless hospitals, the better it is for the policyholder to get medical treatment easily and hassle-free. Religare Health Insurance has a network of over 7,400 hospitals where it offers cashless settlement of claims.

Religare Health Insurance Policy Terms


The following are the important terms of health insurance plans offered by Religare Health Insurance. However, these terms may be different from the plan offered by the insurer.


Minimum Age of Entry
 91 days

Maximum Age of Entry
 No Limit
Policy Renewal 
Religare Health Insurance policies come with a lifetime renewal option. They can be renewed in their original form as well as at their nearest option recognized by IRDA.
Co-payment 
No co-payment applies if the eldest insured member is under 61 years of age. If a member covered under the scheme is more than 61 years of age, a co-payment of 20% applies.
Waiting Period
Religare Health Insurance plans come with a 30-day waiting period for all diseases except injury. However, for pre-existing diseases a waiting period of 4 years of continuous coverage is applicable. 



Religare Health Insurance Claim Procedure


A health insurance claim refers to the process in which a policyholder requests the insurer to compensate for expenses incurred by them during a medical emergency, illness, or accident. Health insurance claims can be settled in two ways - cashless claim and reimbursement claim.

How to make a Religare Health Insurance cashless claim?


When the policyholder receives medical treatment at a hospital which is a part of Religare Health Insurance's network, this claim is made in a cashless manner. This is under a cashless claim, the policyholder is not required to pay to the hospital as Religare Health Insurance pays the hospital directly subject to the sum insured.
You can make a cashless claim with Religare Health Insurance by following the steps given below:

Step 1: Intimate Intimate


In case of emergency admission call and inform Religare Health Insurance at 1800-102-4488 within 24 hours of hospitalization. If there is a plan for hospitalization, notify the insurer 48 hours before hospitalization or by writing to them at customerfirst@religarehealthinsurance.com

Step 2: get pre-authorization of claim


Obtain a pre-authorization form from the hospital's insurance department or TPA desk. Duly fill and sign and submit it to the hospital's insurance or TPA desk so that they can send it to Religare Health Insurance.

Step 3: Verification of documents


Religare Health Insurance's in-house medical team will review the submitted case and documents.

Step 4: Claim Approval


If the authorized team requires any other details or documents, they will intimate the hospital to provide the same. If the request is denied, the insurer will notify you and the hospital for reasons.

Step 5: Settlement of Claims


If the pre-authorization request is approved, the hospital and you will be informed of the same and expenses will be paid.

How to claim a Religion Health Reimbursement?


When a policyholder receives medical treatment at a hospital that is not part of the Religare Health Insurance Network hospitals, the claim settlement is of the reimbursement type. Under this process, the policyholder is required to pay for all medical expenses that they pass. The policyholder can later request Religare Health Insurance to reimburse the expenses incurred for the sum assured.

Follow the steps given below to raise Religare Health Insurance Reimbursement Claim:

Step 1: Intimate Intimate


Intimate Religion Health Insurance at 1800-102-4488 within 24 hours of hospitalization, in case of emergency. Whereas, in case of planned admission, inform the insurance provider 48 hours before hospitalization.

Step 2: Provide information

Provide information about hospitalization and other medical details to the insurer such as:

Policyholder's name
Customer ID, Customer ID
Hospital Details
Treatment and Diagnosis Details
Hospitalization date
amount claimed

Step 3: Submit the required documents

Get the insurance claim form from Religare Health Insurance's website or from the hospital. Please fill in the form and sign the form to send it to the insurer along with the necessary documents which may include:

Documents required for Religare Health Claim Reimbursement,

  • Valid id proof
  • Doctor's letter advising admission
  • Prescriptions for medical examination, medicines, counseling etc. by a doctor
  • Doctor's original receipts, bills and discharge forms
  • Original bill from pharmacies
  • Original diagnostic test report, radiology report and payment receipt
  • First Information Report (FIR), in a police case
  • Post mortem report, if applicable, etc.

Step 4: Verification of documents

Religare Health Insurance's in-house medical team will review the form and documents. If they get any details, they can ask you to submit them. If your claim is rejected, you will be notified with valid reasons.

Step 5: Settlement of Claims

If the insurance provider accepts your claim request, you will be notified and you will be provided with your claim amount.

Religare Health Insurance Renewal Process

To keep up against the rising costs of medical treatments, it is important to renew your health insurance policy with Religare Health Insurance. You can increase your plan during the renewal to combat future medical expenses. This will help you reap the benefits given by the insurer and remain insured in times of medical emergencies.

Here are simple steps to renew your health insurance cover with Religare Health Insurance:

Step 1: Go to the official website of Religare Health Insurance, ie, www.religarehealthinsurance.com

Step 2: Go to the 'Upgrade' section available on the website.

Step 3: Enter your existing policy details such as policy number, date of birth and contact number and click on 'Let's Renew' button.

Step 4: Review the insurance policy details and premium amount for renewal.

Step 5: Pay the amount online using any of the many payment options available.

Religare Health Insurance Tax Benefits

Religare Health Insurance insurance plans can save your income in addition to protecting you in case of medical contingencies. Policyholders can avail with a Religare Health Insurance plan, which refer to the table below to find the details of tax benefits:

 Situations

Premium Paid 

 

 Deduction under Section 80D of the Income Tax Act

 Self, Family, Children Parent 

When Policyholder and Parents are below 60 years
 Rs. 25,000Rs. 25,000
 Rs. 50,000

When the policy holder and family members are under 60 with parents above 60 years
 Rs. 25,000Rs. 50,000
 Rs. 75,000

When Policyholder, family members and parents are above 60 years
 Rs. 25,000Rs. 50,000
 Rs. 1,00,000
Members of HUF Rs. 25,000Rs. 25,000
 Rs. 25,000
Non-resident Individuals Rs. 25,000Rs. 25,000
 Rs. 25,000


Religare Health Insurance Premium Calculation

There are many factors that affect the amount of your health insurance policy. An awareness of such factors can help you choose a policy according to your budget and needs. Here are the factors that may affect your Religare Health Insurance premium calculation:

Age - The higher your age, the higher the premium amount. Therefore, it is highly recommended to buy a health insurance policy as soon as possible.

Pre-existing medical conditions - Policyholders with pre-existing diseases may reject their plans or find them at a higher premium. If the insurer does not cover the disease already present in its plan, you may have to bear your expenses yourself.

Unhealthy Lifestyles / Habits - Insurance providers offer insurance cover at significantly higher premium costs or even refuse to provide any coverage to people with unhealthy lifestyles / habits such as smoking, chewing tobacco, etc. Because they are prone to diseases.

Sum Insured - This is the maximum amount on which you can request a claim from your insurer during medical insurance. The higher the sum insured, the higher the amount to be paid. Therefore, choose the sum insured accordingly.

Nature of job - If your profession works in an environment where you are exposed to hazardous substances, chemicals, radiation, or follow occupations that are more likely to cause construction injuries, you will have to pay a higher premium because You are suffering from diseases / injuries.

Religare Health Insurance Plan Findings


You can enjoy the following conclusions under the health insurance plans offered by Religare Health Insurance:

In-Patient Hospitalization - This covers the medical costs incurred due to hospitalization of the insured members for at least 24 hours. It provides coverage for room rent, nursing expenses, doctor's fees, ICU fees etc.

Daycare Procedures - This compensates for medical costs that if you go through a day care procedure, you do not even need to stay in the hospital. Religare offers 540+ day care treatments.

Remedial hospitalization - This applies in the event that an insured person cannot be hospitalized and only needs to be treated at home. Then this benefit will cover the cost of treatment at home for more than 3 days.

Emergency Ambulance - It provides coverage for expenses incurred on emergency ambulance service received during hospitalization.

What are the exclusions of Religare Health Insurance Policy?


Health insurance schemes offered by Religare Health Insurance come with the following conclusions:

War Conditions - Religare Health Insurance will not cover any injuries or illnesses caused to the insured due to war, civil war, riots or any invasion.

Self-injury- No cover is provided for expenses incurred due to self-injury in incidents of suicide attempt or suicide.

Cosmetic Surgery - No compensation will be given to the insured for any aesthetic procedure, obesity treatment or plastic / cosmetic surgery.

Venereal Disease - Religare Health Insurance is not liable to pay policyholders any coverage for the treatment of sexually transmitted or Wiener diseases.

Risky Events - Treatment of injuries caused by participation in any adventure or risky sport or event will not be covered by Dharma Health Insurance.

The above findings and exclusions may differ from the plan proposed by Religare Health Insurance.


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