Bank of Maharashtra Health Insurance

Bank of Maharashtra Health Insurance covers the medical expenses of Bank of Maharashtra account holders during planned and unplanned treatments. These plans are offered in association with various insurance providers in India and provide affordable premiums and convenience to their customers. However, the Bank of Maharashtra health insurance policy remains valid until the customer has an active bank account and the bank's partnership with the insurer is in effect.

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      Bank of Maharashtra Health Insurance: Key Highlights

      Categories Specifications
      Pre-existing Diseases Covered from the first day of the policy
      Validity of Bank of Maharashtra Health Insurance Plans 1. As long as the bank has a tie-up with the insurance company
      2. As long as the customer holds an operational Bank of Maharashtra account
      Riders Usually not offered
      Premium Payment Auto-debited from the customer's Bank of Maharashtra account
      Tax Benefits Offered u/s 80D of the Income Tax Act, 1961.

      Disclaimer: The waiting period for PED may change based on the terms and conditions of the Bank of Maharashtra health insurance policy.

      Benefits of Bank of Maharashtra Health Insurance

      Here are the benefits of buying Bank of Maharashtra health insurance for account holders:

      1. Cost-effective Premiums

        Bank of Maharashtra health insurance premiums are generally lower than regular mediclaim policies. This is because the bank collaborates with insurers to offer plans at discounted prices. In fact, the bank may also offer exclusive deals that make these plans more cost-effective.

      2. Day 1 Coverage for Pre-Existing Diseases (PED)

        Diseases from which customers are already suffering while buying the Bank of Maharashtra health insurance scheme may be covered from the first day of the policy. This means these pre-existing diseases, such as high cholesterol, hypertension, asthma, diabetes, etc., will be covered without any waiting period.

      3. No Agent Involvement

        Customers of the Bank of Maharashtra do not need to find an insurance agent to buy a health insurance policy. Instead, they can purchase the policy of their choice directly from the bank without any external influence.

      4. Easy Premium Payment

        Bank of Maharashtra health insurance renewal premiums are debited automatically from the bank account of the customer. This means that account holders don not need to remember the premium payment dates, reducing the risk of a policy lapse.

      5. Enhanced Convenience

        Buying the Bank of Maharashtra health insurance policy is more convenient for bank customers than buying a plan from an insurance company. This is because the bank offers both banking and insurance services under a single roof.

      6. Plans for Everyone

        Bank of Maharashtra offers medical insurance plans for people of all age groups. Be it a family health plan or health insurance for senior citizens; each plan is designed to offer extensive coverage to customers.

      List of Bank of Maharashtra Health Insurance

      Bank of Maharashtra account holders can purchase a mediclaim policy from the following insurance companies:

      • Bajaj Allianz General Insurance Company Limited
      • Future Generali India Insurance Company Limited
      • ManipalCigna Health Insurance Company Limited
      • Star Health & Allied Insurance Company Limited
      • United India Insurance Company Limited

      Note: Contact the bank's customer support team to know about the specific health plans offered by Bank of Maharashtra.

      What is Covered by Bank of Maharashtra Health Insurance?

      The Maharashtra Bank health insurance scheme covers the following:

      Note: The exact coverage may differ from one Bank of Maharashtra insurance plan to another.

      What is Not Covered by Bank of Maharashtra Health Insurance?

      Listed below are the expenses not covered by Bank of Maharashtra health insurance:

      • Suicide and self-inflicted injuries
      • Treatment for addiction to drugs, alcohol, and intoxicated substances
      • Obesity/Weight control treatments
      • Plastic/Cosmetic surgery
      • Dietary supplements or substances
      • Treatment for injuries due to participation in hazardous or adventure sports
      • Treatment for injuries due to war
      • Change of gender treatments
      • Unproven treatments

      Things to Keep in Mind While Buying a Bank of Maharashtra Health Insurance Plan

      Customers should keep the following things in mind while buying the Bank of Maharashtra health insurance plan:

      • Plan Validity – The Bank of Maharashtra health insurance scheme remains valid as long as the customer has an active bank account and the bank continues its tie-up with the health insurance company.
      • Scope of Coverage – The mediclaim coverage offered is limited under bank health insurance vs personal retail health insurance.
      • Riders– Bank of Maharashtra account holders may not get the option to add health insurance riders to their plan unlike retail plans.
      • Insurance Provider Options – Bank of Maharashtra collaborates with a limited number of health insurance providers in India, which may restrict the range of options available to its customers.

      Bank of Maharashtra Health Insurance: FAQs

      • Q1. Can I buy health insurance from the Bank of Maharashtra?

        Ans: Yes. You can buy health insurance from the Bank of Maharashtra. However, the policy will remain valid as long as you hold an operational bank account and the bank is associated with the insurance provider.
      • Q2. Where can I find the Bank of Maharashtra health insurance hospital list?

        Ans: You can either go to the official website of the associated insurer or contact the customer support team to know about the Bank of Maharashtra health insurance hospital list. In fact, you can also check the network hospital list of the insurance company on the Policybazaar Insurance Brokers Private Limited website.
      • Q3. What is the price of the Bank of Maharashtra health insurance policy?

        Ans: To know the price of the Bank of Maharashtra mediclaim policy, you can go through the Bank of Maharashtra health insurance premium chart or speak with their customer support team. Moreover, you can get the premium estimate by using the health insurance premium calculator tool available on Policybazaar.com.
      • Q4. Where can I get more details on Bank of Maharashtra health insurance online?

        Ans: You can get more details on Bank of Maharashtra health insurance online either on the official website of the bank or the associated insurance company.
      • Q5. What is the Bank of Maharashtra health insurance policy download process?

        Ans: You can download the Bank of Maharashtra health insurance policy either through the official website of the associated insurance company or by getting in touch with their customer support team.
      • Q6. What documents are required for Bank of Maharashtra health insurance renewal?

        Ans: To renew your Bank of Maharashtra health insurance policy, you will need your existing policy number, identity proof, medical report, etc. However, these documents may vary from one insurance company to another.
      • Q7. What is the contact number of Bank of Maharashtra health insurance?

        Ans: You can speak with the customer support team of Bank of Maharashtra health insurance on 1800-233-4526 or 1800-102-2636.
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      Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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      *We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.

      *Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.

      *All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.

      **All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.

      *₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.

      *₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases

      *₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.

      *₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.

      *No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.

      *The values taken for effective cost calculation are indicative values and may change as per the selected plan.

      *Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.

      *Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.

      *The scope of coverage may vary from plan to plan.

      ~Source: Google Review Rating available on:- http://bit.ly/3J20bXZ

      ##On ground claim assistance is available in 114 cities

      Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.

      STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

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