Religare's New Product Reduces Pre-Existing Illness Waiting Period to Two Years

Religare Health Insurance has launched ‘ Care Freedom’ , a new insurance product that reduces the waiting time for making claims towards pre-existing illness from the usual 4 years to 2 years.   

In addition to reducing the claim time against pre-existing illness, this plan also seeks to reach out to those people who have not been able to enjoy the fruits of insurance due to relatively higher age or as a result of pre-policy medical tests. Therefore, the private insurer is not insisting on any medical test prior to buying the policy across all age-groups and for any sum insured.  

“ Religare Health is focused on providing access to health care benefits to maximum number of people across the country. Care Freedom as a product aims to bring in maximum number of people within the health cover net, especially those who are deprived of any health care benefits till now,” said Anuj Gulati, Managing Director (MD) and Chief Executive Officer (CEO), Religare Health Insurance.  

What makes the plan unique is also the fact that there is no age-related embargo on buying the product and it also offers life-time renewable facility. However, just like any other policy policies, Care Freedom does not cover diseases that surface in the initial 30-day waiting period, except those arising out of accidents, and other standard exclusions.

Apart from covering the cost of treatment involving hospitalization for more than 24 hours, the latest product from the Religare stable also covers certain types of day care treatments, which involves less than 24 hours of hospitalization. It covers pre-hospitalization costs, such as medical examinations, tests and medication, which can be quite financially draining, as well as expenses that are incurred post-hospitalization, such as follow-up visits to your medical practitioner, medication that is required and even further confirmatory tests.