The Pravasi Bharatiya Bima Yojana 2017 Policy can be availed by all Indian citizens who apply for and obtain emigration clearance and emigrants going abroad for employment purposes.
The Pravasi Bharatiya Bima Yojana 2017 Insurance Policy, a product of Oriental Insurance*, offers death and medical coverage for the insured with varying sum assured amounts for different conditions. The policy can be taken for a minimum period of 2 and a maximum of 3 years. After that, the policy can be renewed during the period of the employment contract.
* Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Type |
Individual |
Minimum Entry Age |
Adult: 18 years Children: 21 years |
Maximum Entry Age |
60 years |
Number of people covered |
Individual, spouse and 2 dependent children. |
Residential Status |
Indian citizens and emigrants going overseas for employment have immigration clearance as per the Emigrants Act. |
The Oriental Pravasi Bharatiya Bima Yojana 2017 Policy offers coverage for expenses incurred for the following:
Given below are the other inclusions of the policy apart from the basic coverage.
The below procedures will be covered in the Oriental Pravasi Bharatiya Bima Yojana 2017 policyif treated as in-patient care or daycare procedure:
Expenses for Medical Advice from a medical practitioner, including the issue of prescription and follow-up prescription, are included.
Medical expenses incurred by the insured person for medical treatment due to an illness on a medical practitioner's advice.
The significant exclusions under the Oriental Pravasi Bharatiya Bima Yojana 2017 Policy are:
Refer to the Policy document for a detailed exclusion list.
Given below are the significant features and benefits of the Oriental Pravasi Bharatiya Bima Yojana 2017 plan:
*Tax benefit is subject to changes in tax laws
The company will allow cancellation of the policy if:
Companies can also cancel the policy on the grounds of misrepresentation, non-disclosure of essential information or non-cooperation of the insured person. In this case, no premium will be refunded.
Ans. To buy Oriental Insurance Health Insurance Pravasi Bharatiya Bima Yojana 2017 policy, the proposer must call the customer service number listed on the official website of Oriental Insurance or get in touch with an authorized insurance agent.
Ans. The free look period allowed under this policy is 15 days, within which the insured can return the policy if he is not satisfied with its terms and conditions.
Ans. The policy can be renewed on all standard ground except for fraud, moral hazard, or misrepresentation by the insured person. No loading shall apply on renewals based on individual claim experience.
Ans. There is a 30 days' Grace period allowed under this policy in the event of delay in policy renewal. No coverage will be permitted during this period, and any disease contracted during this time will not be covered.
Any change in the nominee's name must be communicated to the insurance company in writing, and such change will be effective only during policy endorsement.
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