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Secure Your Love Ones Life by Mediclaim Health Insurance through Oriental Insurance

Few people are there who actually realise the importance of a Mediclaim policy for health insurance. Majority of the others do not find it essential to get health coverage. This is because they have wrong notions about the kind of insurance that this policy would cover. On the whole, most people in India are not completely and well informed about the health insurance policies in India.

  • Mediclaim policies being provided through Oriental Insurance Company Ltd, partnering with various banks

In order to cover the maximum number of people with good and easy health policies, oriental health insurance has come up in the market with lots of products related to health coverage. These policies under Oriental health insurance or Mediclaim policies are provided through an agreement between the Oriental Bank of Commerce and the Oriental Insurance Company Ltd. As a result of this agreement, the Oriental Bank Mediclaim came into force. Due to the merger between Oriental Bank of Commerce, which is a nationalised bank of India, there is a trust factor and the amount of money in the policy settlements is quite a lump sum. The Oriental Insurance Company Ltd has been in the health insurance sector since long time. With their merger, newer features and coverage has been added as health policies.

  • Health policies for people with accounts in the banks

Such kinds of health insurance policies in India are meant to bring benefits to the account holders of the banks with which the Oriental Insurance Company Ltd has partnered with. In recent years, such partnerships have been forged with Punjab National Bank also.

  • Features of the oriental health insurance

Through oriental health insurance, people are able to get a wide coverage of age, ranging from 3 months to 79 years. These schemes are family floater schemes, under which 4 family members are covered, inclusive of father, mother and two children, within the age of 3 months to 26 years. Under the scheme of oriental health insurance, people can declare their medical conditions only, while there wouldn’t be any requirement of premedical examination. Cashless facilities are available at a network of major hospitals. The minimum sum assured would be for Rs 1 lac, while the maximum is up to Rs 5 Lac. The premium rates would vary according to the amount of sum assured. Such health policies are covered under the 80D section of IT Act.

Such health insurance policies in India can prove to be a major benefit for the people in India, particularly those who have accounts in the respective banks with which the Oriental Insurance Company Ltd has partnerships with. It is a way to protect the health as well as the wealth of people and they should be prudent enough to avail these facilities.

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