Reliance Health Insurance vs Future Generali Health Insurance

Do you want to buy the perfect health insurance policy but want to skip through the complicated insurance jargon? If yes, you can refer to this transparent comparative guide of Reliance Health Insurance and Future Generali Health Insurance. It has a brief overview of the main features of leading health insurers, Reliance and Future Generali, and a short yet informative analysis of three of their popular health insurance policies

Reliance Health Insurance vs Future Generali Health Insurance – Overview 

Parameter Reliance Health InsuranceFuture Generali Health Insurance
No. of health insurance policies10+10+
E-servicesPolicy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer servicePolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistance
Branches130+125+
Claim settlement ratio (CSR)94%95.28%
Cashless claim settlement time UnspecifiedWithin 1.5 hours
Hospital network7,000+6,000+ 

Source: The Insurance Regulatory and Development Authority of India’s (IRDAI) Annual Report – years 2019-20. 

Health Insurance Policies: Reliance Health Insurance vs Future Generali Health Insurance

If you look at the comparative table of Reliance Health Insurance and Future Generali Health Insurance, you will notice they have almost similar performance metrics. For instance, they both offer over 10 health insurance policies, have a high CSR of above 94%, and a vast hospital networks associated. This means that you will receive satisfactory services with either of the two insurers. 

Top-up Insurance: 

Reliance Health Insurance has a Top-up Policy called Health Infinity. It offers: 

  • Sums insured (SI) up to Rs. 1,00,00,000
  • Extra SI of up to Rs. 30,00,000
  • Global coverage up to Rs. 20,00,000
  • Coverage for: 
  • Pre and post-hospital care 
  • In-patient hospital care 
  • Domiciliary hospital care
  • Daycare procedures
  • Organ donor expenses 
  • AYUSH treatments – 
  1. Ayurveda
  2. Unani
  3. Siddha
  4. Homeopathy
  • Critical illness treatment 
  • Mental illness treatment 
  • Advanced technology treatments 
  • Pre-existing diseases after a 3-year waiting period 
  • Ambulance charges (with no sub-limits) 
  • Daily hospital cash 
  • Wellness benefits
  • Auto-restoration of the SI  

Future Generali offers two Top-up Health Insurance Policies:

  • Future Health Surplus Top-up
  • Future Advantage Top-up

These policies provide: 

  • SI up to Rs. 1,00,00,000
  • Deductible amounts up to Rs. 40,00,000
  • Coverage for:
  • Pre and post-hospital care 
  • In-patient hospital care
  • Daycare procedures
  • Organ donor expenses
  • AYUSH treatments
  • Ambulance charges 
  • Heart-related ailments
  • Cancer treatment 
  • Pre-existing diseases after a 2-year waiting period
  • Mental illnesses and genetic disorders after a 4-year waiting period 
  • Behavioural disorders after a 4-year waiting period
  • HIV/ AIDS treatment after a 4-year waiting period 

Critical Illness Insurance: 

Reliance Health Insurance’s Critical Illness Policy offers:

  • SI up to Rs. 10,00,000 at premium prices as less as Rs. 888 per year 
  • 100% payout of the SI on the diagnosis of a policy-listed critical illness
  • Coverage for 10 critical illnesses such as: 
  • Cancer
  • Coma
  • Stroke
  • Multiple sclerosis 
  • Third-degree burns 
  • End-stage renal disease 
  • A waiver of the pre-policy medical check-up for those aged up to 45 years 

Future Generali’s Critical Illness Policy called ‘Future Criticare’ offers: 

  • SI up to Rs. 50,00,000
  • 100% payout of the SI upon diagnosis of a policy-listed critical illness 
  • Coverage for 12 critical illnesses such as: 
  • Cancer
  • Stroke
  • Hypertension
  • Liver failure 
  • Kidney failure 
  • Permanent paralysis 

Saral Suraksha Bima: 

The Saral Suraksha Bima is a standard insurance policy offered by all insurers, including Reliance Health Insurance and Future Generali Health Insurance to provide coverage against unforeseen accidents. The insurance policy offers the same benefits:

  • SI up to Rs. 1,00,00,000 (Reliance Health’s SI) or 144 times the monthly income of the insured (Future Generali’s SI)
  • 100% of the SI on the death of the insured due to an accident
  • Up to 100% of the SI on permanent total disablement of the insured 
  • Up to 50% of the SI on permanent partial disablement of the insured 
  • Weekly cash benefits on temporary total disablement of the insured 
  • A lump-sum cash benefit towards the education of the insured’s children 
  • Coverage for in-patient hospitalization expenses
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