Central Bank Health Insurance

Central Bank Health Insurance: Key Highlights

Categories	Specifications
Validity of Central Bank Health Insurance Plans	1. Until the bank is associated with the insurance provider 2. Until the customer has an active Central Bank account
Riders	Mostly not available
Premium Payment	Automatic deduction from the linked Central Bank account
Tax Benefits	Eligible for tax deductions under Section 80D of the Income Tax Act.

Benefits of Central Bank Health Insurance

Take a look at some of the key benefits of purchasing Central Bank of India health insurance for account holders:

Pocket-friendly Premiums

Central Bank of India health insurance plans usually cost less than regular mediclaim policies. This is because the bank partners with the insurance company to offer plans at special discounted rates. In fact, Central Bank account holders may also get access to exclusive deals, making the plans even more budget-friendly.
No Need for Agents

Central Bank health insurance customers do not have to find an insurance agent to buy a mediclaim policy. Instead, they can purchase the plan directly from their trusted bank without any hassle.
Easy Premium Payments

Renewal premiums of the Central Bank health insurance scheme are automatically deducted from the bank account of the customer. This means the policy will remain active without customers having to remember the premium payment date.
Convenience

Purchasing health insurance through the Central Bank is convenient for customers as both banking and insurance services are available in one place.
Plans for All

The Central Bank offers multiple medical insurance plans for individuals, including personal accident cover. Moreover, each plan is designed to cater to the specific needs of its customers.

List of Plans Offered by Central Bank Health Insurance

The Central Bank offers the following health insurance plans to its account holders:

Central Bank Health Insurance Plans	Sum Insured	Ideal For
Bajaj Allianz Global Personal Guard Policy	Up to 100 times of the insured's gross monthly income	Accidents
Bajaj Allianz Hospital Cash Daily Allowance Policy	Up to ₹2,500 per day	Incidental expenses during hospitalisation

Note: The above Central Bank health insurance plans are as of May 30, 2025.

What is Covered by Central Bank Health Insurance?

The coverage offered by the Central Bank health insurance policy are as follows:

Accidental hospitalisation expenses
Air ambulance charges
Road ambulance charges
Coma due to accidental bodily injury
Adventure sports injury
Travel expenses
Fracture care expenses
Children education benefit
Daily hospital cash
Loan protector
EMI payment cover
Loss of income due to accident-induced disability

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

What is Not Covered by Central Bank Health Insurance?

Check out the expenses not covered by the Central Bank of India health insurance plan:

Maternity expenses
Suicide or self-inflicted injuries
Treatment for addiction to intoxicated substances, like drugs or alcohol
Plastic or cosmetic surgery
Dietary supplements or substances
Sterility and infertility
Treatment for injuries due to participation in unlawful or illegal activities
Sexually transmitted diseases, such as HIV/AIDS
Change of gender treatments
Unproven treatments

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

Here are a few things that customers should keep in mind while buying a Central Bank health plan:

Plan Validity – The Central Bank mediclaim policy remains active until the bank is partnered with the insurance provider and the customer has an operational Central Bank account.
Scope of Coverage – The coverage offered under the Central Bank health insurance scheme is limited in comparison to a standard mediclaim policy. This may be due to lower premiums charged by the bank.
Riders– The Central Bank may not offer the option to add health insurance riders to the plan, unlike most retail medical policies.
Insurance Provider Options – The choice of insurance companies may be limited under bank health insurance vs personal retail health insurance as the bank partners only with a few insurers in India.

Central Bank Health Insurance: FAQs

Q1. Can I buy health insurance from the Central Bank?

Ans: Yes, you can easily buy health insurance from the Central Bank. However, your policy will remain valid only until you hold an active bank account and the bank's partnership with the insurance company is in effect.
Q2. Which insurance company has a tie-up with the Central Bank?

Ans: The Bajaj Allianz General Insurance Company has a tie-up with the Central Bank.
Q3. What is the price of Central Bank health insurance?

Ans: The price of Central Bank health insurance may vary depending on the plan you choose. However, you can check the price of the chosen plan by going through the Central Bank of India health insurance premium chart. You can even use the health insurance premium calculator tool available on the Policybazaar Insurance Brokers Private Limited website to get the price estimate.
Q4. What is the Central Bank health insurance policy download process?

Ans: To download the Central Bank health policy, you can either go to the official website of the associated insurance company or speak with the customer support team to know about the policy download process in detail.
Q5. Is the Central Bank health insurance claim process cashless?

Ans: Yes. The Central Bank health insurance offers a cashless claim process, allowing customers to obtain cashless treatment at the hospital of their choice. Once the treatment is done, the associated insurer will settle the claim amount directly with the hospital.

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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