Reliance Health Infinity Provides India’s First Credit Score-based Premium Discount
The Company is rewarding customers who are responsible with their money by providing a reduction on insurance premiums of up to 7.5%
Mumbai : The first insurance premium discount in India is being offered by Reliance General Insurance, one of the country’s top private general insurance companies. The Company is rewarding customers who are responsible with their money by providing a reduction on insurance premiums of up to 7.5%* to those with excellent credit ratings and payment histories. Clients with excellent credit who purchase or renew a Reliance Health Infinity Insurance receive this exclusive perk at no additional cost.
A consumer with a high credit score has demonstrated fiscal responsibility. To promote such self-control and responsible financial behaviour among its clientele, Reliance General Insurance introduced the credit score-based discount.
Mr. Rakesh Jain, Chief Executive Officer of Reliance General Insurance, made the following statement in light of the event: “We, at Reliance General Insurance, are always looking for ways to provide our customers with innovative product features and the best services which will contribute to their wellbeing. The state of one’s finances is a key factor that frequently goes unnoticed. So, we have implemented the credit score discount to encourage fiscal fitness and to reward clients for responsible financial behaviour. We hope this will inspire our clientele to stick to sound financial routines. Dedicated to improving our customers’ health and financial security, Reliance Health Infinity Policy provides a wide range of innovative services and advantages.
With a large sum insured of up to 5 Crores, as well as features like Global Cover, Maternity Cover, OPD Cover, Unlimited Restoration of sum insured, and fifteen plus valuable add-on benefits, the Reliance Health Infinity Insurance offers practically endless value.
For the nine months ending on 31st December 2022, Reliance General Insurance reported a Gross Written Premium of Rs. 8,208 Crore, an increase of Rs. 914 Crore compared to the similar period in 2022. There have been eight consecutive years of profitable growth.
Also, the company has stated its intention to capitalise on the sector’s emerging growth potential by investing extensively in Retail health distribution, scaling new Digital Alliances, micro, small, and medium enterprise firms, and new product development. A credit score-based discount is only one example of the innovative benefits Reliance General Insurance is committed to providing in order to achieve its long-term goals.
To learn more about the product discounting, one can read the prospectus and Customer Information Sheet on the Company’s website www.reliancegeneral.co.in