Reliance General Insurance: Performance Related Facts
Reliance travel insurance review yields some interesting and favorable facts for the company.
- The company earned a premium of INR 2, 715, 83 crores in the financial year 2014-15
- The company earned a profit of 6.67 crores in the financial year 6.67 crore
- It sold around 43 lakhs policies in the financial year 2014-15 and the numbers are only increasing exponentially each year.
Awards and Recognitions
Reliance General insurance and Reliance travel insurance India is recognized by DNV or Det Norske Veritas for its quality of products and services. The company is ISO 9001:2008 certified and has received the Best Product Innovation General Insurance Award (given by Fintelekt), Promising Brand of the year 2015 award (by Economic Times), the General Insurance Company of the year 2015 award (given at the Indian Insurance Award ceremony), and numerous other awards and recognitions.
Reliance Travel Insurance Policies
Reliance has 6 different travel insurance policies to offer, and all of these are tailor made in order to suit the individual needs of the customers. Below is a brief description and highlights of these policies.
Reliance Overseas Travel insurance
The international travel insurance policy for a family starts at just Rs 306, and the individual option is also available. It covers:
- Up to $500,000 sum insured
- All kinds of emergency medical expenditures that are incurred by the policy buyer or his /her family members. Coverage extends to include injury, illness, and death.
- Certain dental treatments
- Permanent disabilities
- “Loss of passport” and “baggage” related expenses
- Expenses towards flight delays third party liability
- Cash coverage when you lose money because of a theft during travel
- Home burglary losses when you are away on an overseas tour
- Hijack distress
Exclusions
The policy does not cover:
- Any pre-existing medical condition (life-threatening conditions are covered though)
- Expenses related to suicide, self-inflicted injuries, venereal diseases, AIDS, alcohol or drug abuse, anxiety/stress/depression, and mental disorders
- Travel when the physician has advised on the contrary
- Traveling for the purpose of getting treated
- When given a terminal prognosis towards any medical condition
- Loss of baggage or passport due to negligence when you left them unattended
- Loss of the checked baggage
- War or any kind of nuclear risk or threat
A maximum of 4 persons can be insured under the policy, out of which two will be the couple and 2 their dependent children.
Reliance Annual Multi-Trip Insurance
The comprehensive and one-time travel insurance policy is for those who travel multiple times during the year.
Coverage towards:
- The medical expenses incurred by you or your family members for treatment related to injury and illnesses, and death
- Certain dental treatments
- Permanent disability
- Delay in receiving the checked baggage
- Expenses incurred towards obtaining a new passport when the old one is lost
- Expenses incurred because of flight delays
- Third party liability
- Emergency cash when you lose money during travel because of theft
- Home burglary losses when you are away
- Hijack distress
Exclusions
- Any preexisting medical condition
- Travel when the physician has advised on the contrary
- Expenses related to suicide, self-inflicted injuries, venereal diseases, AIDS, alcohol or drug abuse, anxiety/stress/depression, and mental disorders
- Traveling for the purpose of getting treated
- On a waiting list for any pacified medical treatment
- Loss of the checked baggage
- When given a terminal prognosis towards any medical condition
- Loss of baggage or passport due to negligence when you left them unattended
- War or any kind of nuclear risk or threat
A maximum of 4 persons can be insured under the policy, out of which two will be the couple and 2 their dependent children.
Reliance Annual Multi-Trip Insurance
The comprehensive and one-time travel insurance policy is for those who travel multiple times during the year.
Coverage towards:
- The medical expenses incurred by you or your family members for treatment related to injury and illnesses, and death
- Certain dental treatments
- Permanent disability
- Delay in receiving the checked baggage
- Expenses incurred towards obtaining a new passport when the old one is lost
- Expenses incurred because of flight delays
- Third party liability
- Emergency cash when you lose money during travel because of theft
- Home burglary losses when you are away
- Hijack distress
Exclusions
- Any preexisting medical condition
- Travel when the physician has advised on the contrary
- Expenses related to suicide, self-inflicted injuries, venereal diseases, AIDS, alcohol or drug abuse, anxiety/stress/depression, and mental disorders
- Traveling for the purpose of getting treated
- On a waiting list for any pacified medical treatment
- Loss of the checked baggage
- When given a terminal prognosis towards any medical condition
- Loss of baggage or passport due to negligence when you left them unattended
- War or any kind of nuclear risk or threat
Reliance Senior Citizen Travel Insurance Policy
This policy is tailor-made for the senior citizens. Highlights of the policy include:
- Cashless hospitalization, no matter where in the world you travel
- No medical check-up is required till the upper age limit of 90 years
- The policy covers the pre-existing medical conditions as well
- Sum insured can be up to $500000
The Senior Citizen Insurance Policy covers:
- Emergency medical expenses related to injury, illness or death when you travel abroad
- Medical evacuation expenses
- Expenses related to the transfer of the mortal remains
- Certain dental treatments
- Expenses related to delay in flight, loss of passport and flight delay
- Third party liability
- Burglary at home while you are traveling overseas
- Others
Exclusions
Like the other Reliance General Insurance Senior Citizen Policies, the travel insurance policy does not cover:
- The pre-existing medical conditions
- The Schengen travel insurance for those who are above 80 years of age
- Expenses related to suicide attempts and suicide, self-inflicted injuries, mental disorders and anxiety/stress and/or depression
- Any travel that is conducted against physician advice
- Traveling for treatment purposes
- Loss of the checked baggage
- War/nuclear threat
Reliance Schengen Insurance Policy
The Schengen travel insurance policy is mandatory when you travel the Schengen countries, or the majority of European countries including France, Germany, Italy, Switzerland and Sweden among others. The highlights of the Reliance Travel Insurance Schengen policy are:
- A sum insured of Euro 30,000 (which is the Schengen Visa requirement)
- A single policy covers 26 Schengen countries
- No medical check-up is required for up to 80 years of age
Reliance Student Travel Insurance
Completing higher studies abroad is the most common dream if the Indian students. The student travel insurance policy insures a sum of up to $500,000 for a student who travels to the universities and colleges of US, Europe and other countries of the world. No medical test is required for buying the policy. The majority of coverage’s and exclusions of the Student Travel insurance policy are the same as the other policies that are offered by Reliance General Insurance Ltd.
Asia Travel Insurance Policy
The policy is specifically designed for travel in Asian countries and is for individuals and families. It offers a sum insured of up to $30,000.
The Reliance Travel Insurance Policies can be bought easily on the website of the company, the same day one wishes to travel, and you can pay through a plethora of online payment modes including debit and credit cards, Pay to and net banking among others. The company has an efficient customer service cell and offers 24*7 assistance to its customers in all parts of the globe.
