Religare Health Insurance (RHICL) has formally launched its general insurance operations with head office in Delhi, India, as part of its business initiations in July 2012.
Religare Health Insurance MD &CEO Anuj Gulati said, "Given our lineage in healthcare delivery and distribution of financial services, and association with our bank partners – we possess the most complete ecosystem to service the health insurance requirements of our customers."
As a joint venture enterprise, the insurance firm was set up by Religare Enterprises, Union Bank of India and Corporation Bank, and currently has 134 centres to serve 34,000 people.
The firm has plans to offer critical illness and foreign student travel medical insurance products as well as policy for patients suffering from HIV/AIDS.
Religare currently caters to the group and retail customers with Care, a health insurance product, designed to provide features to meet requirements of every consumer segment.
The company provides individual customers with specialized medication treatment and annual health check-up as well as automatic recharge of sum insured in cases such as exhausting of coverage due to claims.
Additional benefits offered by the product include no claim-based loading on premiums, lifelong renewability and a daily allowance during hospitalization to cover incidental expenses.