Page 9 - Insurance Times January 2023

This rider is aimed at simplifying lives The MoreGlobal cover offers emer- has been developed to provide limit-
of our customers through a bouquet of gency as well as planned medical treat- less benefits and maximum protection"
services specifically curated to meet ment abroad along with air ambulance the company said in its statement.
their health insurance needs and much and OPD facilities. The add-on benefits
The policy is available in individual and
more." include maternity cover of up to Rs. 2
family floater, covering up to 8 mem-
lakh with a waiting period of 12
bers, categories and offers sum-insured
months, unlimited restoration of the
Reliance Health Infinity options starting from Rs. 5 lakh to Rs. 5
base sum insured amount during a
crore. Children above 90 days of age
Policy claims to offer lim- policy year on both related and unre-
and adults between the age of 18 to 65
itless benefits. lated illnesses, OPD cover that takes years are covered in this policy. Addi-
care of doctors' consultation, diagnos-
Reliance General Insurance Company tionally, new-born babies are covered
tic tests as well as dental and surgical
Ltd. (RGICL) on Thursday announced under Mother & Child Care benefit.
treatments along with prescribed
the launch of a premium health insur-
drugs.
ance product - Reliance Health Infin-
ity Policy that claims to offer limitless "Double Cover that is applicable from Attention Subscribers
benefits. Day 1 and gives additional 100% of Please renew your Subscription of The
sum-insured is to be used during the
This first of its kind policy comes loaded Insurance Times Journal to receive
same claim; Consumables Cover that
with high sum insured up to Rs. 5 crore copy of the journal uninterruptedly.
pays for miscellaneous expenses such
that includes features like moreGlobal
You can now pay by GPAY, Phonepe,
as syringe, gloves which are usually
cover, maternity cover, OPD cover,
Paytm, Amazon, ICICI Pay, BHIM UPI
non-payable and impact 8-10% of the
unlimited restoration of sum insured,
and 15 plus useful add-on benefits. "It total hospitalisation expenses; Change
also rewards customers for being fit in Pre Existing Diseases (PED) waiting
both financially and physically by offer- period from 3 years to 4 years or 2years
ing India's first credit score based dis- or 1 year and Specific Illness waiting
count and BMI-based discount on the period from 2 years to 1 year. With
premium," RGICL said in its state- many more such benefits, this stellar
ment. product of Reliance General Insurance
New General Insurer granted license, more in pipeline

For the first time in five years, the insurance regulator approved registration
of Kshema General Insurance as part of measures to improve ease of doing
business, increase competitiveness, spur investments and attract newer play-
ers. IRDAI, in its board meeting, also cleared non-life insurer Go Digit's IPO
and approved the Exide Life-HDFC Life merger. In September, Sebi had said
that it has kept Go Digit's IPO in abeyance for observations.
There are 19 more registration applications in the pipeline at different stages
of approval, including one for Credit Access. "We have completely stream-
lined the procedure for approvals and expect that within 60 days or two
board meetings we will be in a position to approve applications subject to the
condition that the other side is ready," said IRDAI chairman Debasish Panda.
You can also make payment for
As part of reforms, corporate agents (which include banks) can now partner
purchase of Books/Exam Guides
nine insurers as against three earlier, while insurance marketing firms can
from www.sashipublications.com
distribute for six insurers, up from the earlier two. Private equity (PE) funds
can invest in insurance companies, and promoters can dilute stake to 26% through above QR Code
(from 50% earlier). The lock-in period for investors and promoters is now For any query please call
linked to the company's maturity, with only one-year lock-in for a matured 9073791022/9883398055
insurer. Also, no prior nod is needed for issuing subordinate debt and prefer-
www.sashipublications.com
ence shares.

The Insurance Times January 2023 9