The health insurance rider benefits offered by Reliable Insurance are designed to provide additional coverage to policyholders.
1.Critical Illness Benefit:
Purpose: Offers protection to the policyholder in case of specific critical illnesses during the policy term.
• Coverage: If diagnosed with a covered critical illness, a sum equal to the insured amount will be paid once during the policy period.
• Features:
• Insured Amount: Minimum Nrs. 50,000 to Maximum Nrs. 1,00,00,000
• Age Criteria: Entry age 18 to 60 years, maturity age up to 65 years
• Policy Term: 5 to 20 years
• Waiting Period: 90 days from inception or reinstatement.
• Survival Period: 30 days from diagnosis.
• Payment Mode: Yearly, Half-Yearly, Quarterly, Monthly
• Covered Critical Illnesses: Cancer, Kidney Failure, Pulmonary Arterial Hypertension, Multiple Sclerosis, Major Organ Transplant, etc.
• Underwriting Requirements: Medical examinations for applicants above 50 years.
2. Hospitalization Cash Benefit:
• Purpose: Provides cash benefit to cover hospitalization expenses due to accidents.
• Benefits: Cash benefit per day of hospitalization for surgery or ICU admission due to an accident, with a minimum stay of 72 hours and hospitalization within 24 hours of the accident.
• Coverage: Cash benefit up to the insured amount per day, with a maximum of 365 days per accident.
• Features:
• Insured Amount: Minimum Nrs. 50,000 to Maximum Nrs. 1,00,00,000
• Age Criteria: Entry age 18 to 55 years, maturity age up to 60 years
• Policy Term: 5 to 20 years
• Payment Mode: Yearly, Half-Yearly, Quarterly, Monthly
• Location of Hospitalization: Nepal
• Premium: Nrs. 6 for an insured amount of Nrs. 100,000/-
Both rider benefits require purchase along with another life insurance plan and offer flexibility in payment modes. They provide financial security against critical illnesses and accidents, catering to the healthcare needs of policyholders in Nepal.
Under development process..