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Business EconomyPosted at: Sep 23 2020 6:22PM


Reliance General Insurance introduces first of its offering-‘Insurance Gift Card’

Kolkata, Sep 23 (UNI0 Reliance General Insurance, a 100% subsidiary of Reliance
Capital, has introduced first-of-its-kind offering, ‘Insurance Gift Card’, a smarter and
never before opportunity of gifting ‘Insurance’.
The product has been chosen as one of the few ideal and innovative offerings
under the Insurance Regulatory and Development Authority of India (IRDAI) sandbox
guidelines. The product is specially designed keeping in mind the gifting scenario in
India during the festive season and is super easy to buy and gift.
This ‘Insurance Gift Card’ is like any prepaid card, available with denominations of
Rs 500 and Rs 1000 and can be bought instantly from the reliancegeneral.co.in
website.
“As soon as you buy the ‘Gift Card’ online, you will receive the voucher on your
email along with instructions to redeem the voucher. You can then easily share that
card electronically with the person you’re gifting it and the bearer can buy a health
insurance protection. The gift card is available at a discounted rate of 10% for
bearer of card or self for any personal lines of Insurance products. The transactions
will be completely digital in nature which will bring convenience and transparency for
customers. The usage period of the Gift Card would be 6 months from the date of
purchase and is refundable if unused,” an company official here on Wednesday said.
Talking about this launch, Rakesh Jain, CEO, Reliance General Insurance said, “In
India gifts are like blessings, a small token on every festive or celebratory occasion
is a way to express care towards our loved ones. And this year with the pandemic
around, people are more concerned about the health of their friends and family, so
what can be more better than gifting a protection of health insurance. An health
insurance cover bought from this ‘Insurance Gift Card’ will take care of their medical
uncertainties, which prove to be a financial blessing in time of need.”
The country is slowly and steadily opening to the ‘new normal’ and is getting into the
festive mood with Dussehra, Diwali and the wedding season around and this ‘Insurance
Gift Card’ comes across as a smart choice of gifting during this time.
UNI BM SJC
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