PNB- Oriental Royal Mediclaim Policy

Oriental PNB Royal Mediclaim-2017 offers comprehensive coverage, which can be bought by the account holders of Punjab National Bank and its associated banks. Based on the beneficiary and registered account holders, the policy offers three plan variants such as One Account-One Policy, Multiple Account-One Policy and One Person One Policy. The policyholders can cover their medical expenses for a prolonged period since the policy has a lifelong renewal facility.

PNB- Oriental Royal Mediclaim- 2017: Key Highlights

Policy Variants


Sum Insured

Rs 1 lakh-10 lakh

Day Care Treatment


Policy Tenure

1 year



Coverage Offered

Those who want to buy Oriental PNB 2017 must consider the following policy coverage for better policy experience:

  • In-patient Treatment: Oriental PNB 2017Insurance Policy covers medical expenses including nursing cost, equipment cost, surgeon’s cost, ICU operations cost, convenience cost and others.
  • Pre-Hospitalization Cover: The policyholders will get coverage for the medical cost for 30 days pre-hospitalization period if the insured individuals are hospitalized for a certain period.
  • Post-hospitalization Cover: The insured will get coverage for medical expenses for 60 days post-hospitalization period as applicable.
  • Organ Donor: The policy will cover expenses and benefits in organ donation when the insured individuals are recipients.
  • Daycare Treatment: Oriental PNB 2017Insurance Policy includes coverage for daycare treatment up to 116 different procedures.
  • AYUSH Treatment: The policyholders will get medical coverage for alternative treatments such as Ayurveda, Unani, Yoga, Siddha, Homeopathy and others.
  • Domiciliary Hospitalization: The policy will offer a maximum of Rs 25,000 during a policy period as medical expense cover for domiciliary treatment.

Inclusions of the Policy

The policy also covers the following expenses:

  • Ambulance Charges: Oriental PNB 2017Insurance Policy offers ambulance coverage up to Rs 1000 in a policy period.
  • Cash Allowance: The policyholders can get a daily cash allowance of up to Rs 200 per day. They can get a maximum cash allowance of Rs 1000 during a policy period.
  • Funeral Benefits: In case of death of insured individuals, the insurer would offer a lump-sum of Rs 1000 per insured person as applicable as per company’s discretion.
  • Medical Test Expenses: If the policyholders have an adverse medical history, they would require a pre-acceptance medical test. The policy will cover 50% cost of those medical tests as per company discretions.

Exclusions of the Policy

The policy doesn’t cover the following expenses:

  • Any pre-existent diseases until the first three policy years are not covered.
  • Oriental PNB 2017Health Insurance will not cover any injuries made due to war, nuclear weapons, adventure sports etc.
  • Any treatment due to self-injuries or suicide attempts is not covered.
  • Genetic disorders, ENT disorder, diabetes, hypertension and other listed ailments are excluded.
  • Any treatment for obesity, cosmetic surgery, AIDS/HIV, pregnancy, drug addiction, vaccination etc.
  • Oriental PNB 2017Health Insurance will exclude coverage for treatments followed based on un-prescribed medicines, un-recognized medical procedures etc.
  • Expenses related to investigative diagnosis, personal comfort, service charges, doctor's visit charges etc.

Features & Benefits of the PNB- Oriental Royal Mediclaim-2017

The policy comes with the following features and benefits:

  • The policy applies to only account holders of Punjab National Bank account holders or any of its associated regional banks.
  • It has three types of plans such as One Account-One Policy, Multiple Account-One Policy and One Person One Policy.
  • The One Account-One Policy plan is issued to the account holders of only one account. In the case of joint account holders, the policy applies to the proposer.
  • Multiple Account-One Policy plan applies to individuals who have more than one bank account.
  • One Person, One Policy plan is applicable under one Bank Assurance Health Insurance Policy of Oriental covering only one person.
  • Oriental PNB 2017Health Insurance has a one-year policy term.
  • It offers tax benefits as per the Income Tax Act 1961.

Eligibility Criteria

The minimum eligibility criteria to buy this plan are:


Individual or Family Floater

Minimum Entry Age

18 years (91 days for dependent children)

Maximum Entry Age

79 years

Number of people covered

 Individual or up to five family members, including the self.

 Up to three dependent children

Residential Status

Indian Citizens and Permanent Residents only.

Information on Cancellation of the Policy

The policyholders can cancel the policy at any time during the policy period, provided they did not make any claim during that period and cleared all the due premiums.

In case the new policy is purchased, the policyholders can cancel it within the 15-days free look period by paying charges as applicable.

The company can cancel the policy at any time by giving 30 days' notice and offer refunds as applicable. However, in the case of fraud, the company will not pay any refund.


  • Q. How to buy the online Oriental PNB Royal Mediclaim policy?

    Ans: The interested individuals must visit the company’s website and register themselves by providing the necessary details. They will get the policy quote. Once they submit the filled-up application form and make the payment, they will buy Oriental PNB Health Insurance. Alternatively, one can also visit the website of and buy the policy accordingly.

  • Q. How can policyholders port to other insurer's policies?

    Ans: The policyholders are required to buy a retail health policy of the company and continue it for at least one year if they want to port to other insurers' policy.

  • Q. How does the premium rate of the policy vary?

    Ans: The premium rates of Oriental PNB- Oriental Royal Mediclaim-2017 health insurance are fixed for one policy year. The company changes the rates based on company discretions and IRDAI norms. The policyholders will get a notification for any such changes at least three months in advance.

  • Q. When the policy cannot be renewed?

    Ans: The company will not renew the policy in case of fraud, misrepresentation, non-cooperation, or moral hazard practiced by the insured individuals.

  • Q. Is a mid-term inclusion of a family member permitted under this Policy?

    Ans: It is only permitted only in case of a newly married spouse (within 90 days of marriage) or a newborn child (after 90 days of birth) by sending a written notice to the Insurer.

Written By: PolicyBazaar - Updated: 03 February 2021

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