Mumbai: Religare Health Insurance Co Ltd (RHICL) has launched three new products namely ‘Explore' for international travel insurance, ‘Secure' that offers personal accident coverage and ‘Enhance', a deductible health insurance plan.
“The three new products are aligned with our objective of providing comprehensive health insurance solutions that cater to the varied requirements of our customers,” Religare Health insurance MD and CEO Anuj Gulati said. We stay committed to introducing more innovative products and shall continue to deliver quality service through technology-enabled processes, he added.
Explore provides an insurance cover for hospitalisation, compensation for trip cancellation, baggage loss/delay, loss of passport and even an upgrade to business class if the insured's physical condition demands so, a company release said.
‘Explore' also provides for transportation expenses of one immediate family member to the insured member's location overseas in case of the latter's hospitalisation. Moreover, in case of accidental hospitalisation, the policy sum insured is doubled, the release added.
‘Secure' provides the sum insured to the nominee in case of accidental death of the insured. The insured is paid a pre-defined percentage of the sum insured in case of permanent total or partial disablement and even in case of burns or fractures, the release said.
‘Secure' also provides a shield to the family members of the insured such as taking care of child's education in case of unfortunate demise of the insured and, daily allowance in case of accidental hospitalisation, it said. ‘Enhance' provides an extra safety net of coverage at a significantly lesser premium, it said.
The policy provides the amount over and above the personal contribution of the insured. It works on the principle of Policy Deductible, which is the pre-defined amount that the insured bears through his own finances or any other insurance, during a medical condition. Any amount over and above policy deductible, up to sum insured, will be provided by RHICL, the release said.