Reliance General Launches International Private Medical Insurance Policy

In this iPMI Global iPMI plans and product article, iPMI report author Ian Youngman, takes a look at the new international private medical insurance plan from Reliance General out of India.

Reliance General Insurance Company has launched an IPMI policy. The Reliance Health Global policy covers customers globally and will provide them with treatment from the best hospitals anywhere in the world. Reliance Health Global covers heart surgeries, joint or hip replacements, bone marrow transplants, neurosurgery, gene therapy, and more.

  • The policy is sold as ‘A Health Policy Without Borders’.
  • The policy provides cover for the customer and his/her family by offering a sum of up to USD$1 million.
  • Besides the hospitalisation expenses the policy also covers travel and accommodation expenses and extends it to the insured's companion and organ donor.
  • It also provides assistance with visas and documentation.
  • There are four levels of cover to choose from.
  • There is a 5% discount for customers who have a private car/health/long-term home insurance policy.
  • 5% discount for buying direct onlne.
  • 12% discount for purchasing a 3-year policy and 7% for a 2-year policy.
  • Reliance General Insurance CEO Rakesh Jain explains, "As India globalises and a lot of Indians keep travelling abroad for work or leisure it's imperative to remove their pain of buying multiple policies separately for India and overseas."
  • Reliance General Insurance Company is a subsidiary of Reliance Capital.
  • The Mumbai based insurer has 4000 employees and is one of the leading insurance companies in India.
  • According to a recent financial study by Motilal Oswal Financial Services, Reliance Industries was the biggest wealth creator during the five-year period from 2018 to 2023.


  • Insurers and brokers tend to overlook the potential for both inbound and outbound IPMI for Indian based companies.
  • Indian companies such as Tata, Mahindra, and Infosys are emerging as global players in their respective industries, and are competing with the best brands from around the world.
  • Indian companies have built a strong reputation for quality, innovation, and value, which has helped them gain a foothold in the global market.
  • Indian firms invest in foreign shores primarily through mergers and acquisitions.
  • A developing nation like India constantly looks for opportunities to invest extensively outside India as it helps the economy as a whole.
  • Overseas investments by Indian companies also help to improve the performance of the country's service and manufacturing.
  • With rising M&A activity, companies will get direct access to newer and more extensive markets and better technologies, enabling them to increase their customer base and achieve a global reach.
  • According to the Department of Economic Affairs, India’s overseas direct investment (ODI) stood at US$ 33.45 billion in FY23, US$ 51.06 billion in FY22, and US$ 50.71 billion in FY21.
  • The UK was the top destination for investment followed by Singapore and the USA.
  • The Indian diaspora in the USA is massive.
  • Discounts for 2 and 3 year policies is a great idea.
  • Discounts for existing customers and online buying re good ideas.
  • The aim is for IPMI customers to be within the customer base rather than stand-alone and this is something insurers should look at.

What Next?

  • IPMI in India and IPMI for Indians abroad both have massive potential.
  • Big IPMI insurers and brokers do offer cover for both but should not ignore local completion.
  • Well-known global brands such as in motorcycles laughed off competition from India – and now several are owned by Indian giants.
UnitedHealthcare Global

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