Oriental OBC Mediclaim Policy

Oriental OBC 2017 offers comprehensive insurance coverage for both individuals and families. The policy has three variants, namely One Account-One Policy, Multiple Accounts-One Policy and One Person One Policy. However, they differ in terms of overall account and policy management. It benefits the policyholders to increase the assured sum by including more members limiting five members under its coverage. The individual policyholders can achieve optimum benefits by paying premiums at due time and following the policy norms effectively.

Oriental OBC 2017: Key Highlights 

Coverage Offered

Oriental OBC Health Insurance offers medical coverage for individuals and family members. It has three types of plans such as One Account-One Policy, Multiple Accounts-One Policy and One Person One Policy. All these plans offer policy coverage, as mentioned below.

• In-patient Treatment Cover: Oriental OBC 2017 Insurance Policy covers in-patient treatment by offering coverage for medical expenses, equipment expenses, ICU expenses, administrative expenses and others.
• Pre-hospitalization Cover: The policy covers the medical expenses of insured individuals for 30 days before hospitalization.
• Post-hospitalization Cover: The insured individuals will be underpolicy cover for 60 days of post-hospitalization from the date of discharge.
• Organ Donor: Oriental OBC 2017 Insurance Policy covers expenses and offers benefits if the insured individuals are recipients or donors, respectively.
• Day Care Treatment Cover: It covers expenses related to 116 daycare medical or surgical procedures conducted within 24 hours at the hospital premises.
• Domiciliary Hospitalization Cover: The policy covers domiciliary expenses up to Rs 25,000 during the policy period. It covers medical expenses along with appliances cost and drugs and diagnostic material costs while the patient is availing treatment at home.
• Alternative Treatment or AYUSH: Oriental OBC Health Insurance covers medical and hospitalization expenses related to the treatment under Ayurveda, Homeopathy, Yoga, Unani and others.

Inclusions of the Policy

Oriental OBC 2017 Insurance Policy includes the following benefits:

• Ambulance Cover: The policyholders can get a maximum of Rs 1,000 as an ambulance charge during the policy period. (*Standard T&C Apply)
• Funeral Benefits: The policy offers up to Rs 1,000 as a lump sum amount if the death of insured individuals is subject to the hospitalization claims as applicable. (*Standard T&C Apply)
• Cash Allowance: The policyholders can get a cash allowance of Rs 200 per day of hospitalization, up to a maximum cash allowance of Rs 1000 (*Standard T&C Apply)

Exclusions of the Policy

If the policyholders buy Oriental OBC Health Insurance, they must consider that it does not offer coverage in the following cases.

• Any pre-existent disease up to 3 years from the date of policy purchase
• Any injury due to war, adventure sports, nuclear attacks etc.
• Suicide or any self-injury
• Obesity treatment, cosmetic surgery etc.
• Use of un-prescribed drugs, unregulated medical treatment, unguided diagnosis etc.
• HIV/AIDS
• Genetic disorder
• Doctor's visit charges, ambulance charges etc., as levied by the hospital

Features & Benefits of the Oriental OBC 2017 Policy

Some of the features and benefits of the plan are:

• The policy has three types of plans such as One Account-One Policy, Multiple Accounts-One Policy and One Person One Policy.
• One Account-One Policy allows issuing only one account for one policy. In the case of a joint account holder, it will enable anyone of the account-holders to be the proposer.
• Multiple Accounts Policy allows issuing one policy even if the policyholders have multiple bank accounts.
• One Person One Policy allows only one person to be insured under one Bank-assurance health insurance policy of Oriental.
• Oriental OBC 2017 Health Insurance has a lifelong renewal opportunity.
• The premiums paid in the policy are subject to tax exemption as per the Income Tax Act 1961.

Eligibility Criteria

The minimum eligibility criteria to buy this policy are:

Cancellation of the Policy

The company can cancel the policy anytime by offering 30 days' notice. It will refund the premiums as applicable if the policy is terminated. However, in case of any fraudulent activity, the company will not refund any money.

Oriental OBC 2017 Health Insurance has a 15 days free look period within which, the policyholders can return the policy if they disagree with terms and conditions. If the policy is canceled within the free look period, the policyholders will be refunded by deducting applicable charges.

The policyholders can cancel online Oriental OBC 2017 at any time and get the premiums refunded, provided all the premiums are paid.