This new plan is a family floater scheme that offers comprehensive coverage for hospitalization, surgeries and critical illnesses for the entire family in a single policy.
Anup Rau, CEO, Reliance Life Insurance said, "Health insurance penetration in India is as low as 5%, with over 85% of the 1.4 billion population having no health cover.
Reliance Life Care for You Advantage Plan is aimed at addressing the changing healthcare needs and expenses of our customers."
The key feature of the policy is that it allows an insured to pay a fixed premium for a three-year policy.
This premium remains fixed for the three-year period, irrespective of the number of claims taken by the insured during the validity of the policy.
