Product : Red Hat, RHV/4.2, RHV
Feature : VM Lockstep Protection, HA/DR, VM Mobility and HA
Content Owner:  Roman Macek
No (native);
Yes (with Vendor Add-On: Red Hat Cluster Suite)
There is no integrated application level monitoring or restart of services/vm in case of application failures. RHV supports watchdogs and HA.
This is possible using Red Hat Cluster Suite. This is a Fee-based Add-On.