Oriental Health Insurance for Parents
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Oriental Health Insurance for Parents
Oriental Health Insurance plans for parents offer a range of coverage options to deliver optimal care and financial security for parents. Through extensive networks of healthcare providers, these policies guarantee parents access to quality medical services. Investing in Oriental Health Insurance for parents is a vital safeguard for their health and well-being, ensuring they receive top-tier care when they need it most.
Oriental Health Insurance Plans for Parents
Here are the various Oriental Health Insurance plans designed for Parents:
| Plan Name | Sum Insured | Pre-existing Diseases Waiting Period | Co-Payment |
| Oriental Mediclaim Insurance Policy (Individual) | Rs.1 lakh to Rs. 50 lakhs | Covered after four consecutive renewals. | Voluntary co-payment of 10% and 20% with corresponding premium discounts of 10% and 20% respectively on SI of Rs.2lacs and above |
| Health of Privileged Elders (Senior Citizen Specified Disease Insurance) | Rs.1 lakh to Rs.5 lakhs | 2 Years | 20% on admissible claim amount |
| Happy Family Floater Policy - 2021 | i. SILVER PLAN: Rs 1 lakh to 5 Lakhs.> ii. GOLD PLAN: Rs 6 lakhs to 10 Lakhs iii. DIAMOND PLAN: Rs 12 lakh to 20 Lakhs. iv. PLATINUM: Rs 25 lakhs to 50 lakhs. |
4 Years | N/A |
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Eligibility Criteria for Oriental Health Insurance for Parents
Take a look at the eligibility criteria to buy Oriental Health Insurance for Parents:
| Plan Name | Minimum Entry Age | Maximum Entry Age | Renewability |
| Oriental Mediclaim Insurance Policy (Individual) | 18 years | 65 years - Extendable up to 70 Years | Lifelong |
| Health of Privileged Elders (Senior Citizen Specified Disease Insurance) | 60 years | N/A | Lifelong |
| Happy Family Floater Policy - 2021 | N/A | 65 Years | Lifelong |
Key Benefits of Oriental Health Insurance for Parents
Take a look at the various key benefits offered by Oriental Health Insurance for Parents
- Comprehensive Coverage: This policy offers all-inclusive coverage for the entire family, including parents, spouses, and children, simplifying insurance management.
- Restoration Benefit: In case the sum insured is exhausted in a policy year, it automatically restores the sum insured, providing continuous coverage for unexpected medical expenses.
- Tailored for Seniors: This policy is designed specifically for senior citizens, offering coverage for age-related ailments and diseases common in older individuals.
- Lifelong Renewability: Parents can renew this policy throughout their lifetime, ensuring continuous coverage in their golden years.
- Pre-existing Condition Coverage: It covers pre-existing conditions after a waiting period, allowing parents to manage chronic illnesses without financial stress.
- Individualized Coverage: This policy provides a personalized approach to healthcare, focusing on an individual's unique needs and medical history.
- No Claim Bonus: It offers a no-claim bonus for every claim-free year, which can lead to increased coverage at no extra cost, incentivizing good health practices.
- Cashless Hospitalization: With tie-ups with a vast network of hospitals, parents can avail of cashless hospitalization, reducing the hassle of claim reimbursement.
- Financial Security: Health insurance provides parents with a safety net by covering medical expenses, ensuring they do not have to deplete their savings during emergencies.
- Access to Quality Healthcare: Health insurance enables parents to access top-tier healthcare facilities and services, ensuring they receive the best possible treatment.
Inclusions of Oriental Health Insurance for Parents
Below-mentioned are various inclusions provided by Oriental Health Insurance for Parents:
| Coverage | Oriental Mediclaim Insurance Policy (Individual) | Health of Privileged Elders (Senior Citizen Specified Disease Insurance) | Happy Family Floater Policy - 2021 |
| Day care treatment | X | ✓ | X |
| Pre-hospitalization medical expenses | X | ✓ (upto 30 days before the date of admission) | ✓ (upto 30 days) |
| Domiciliary hospitalization | X | ✓ | ✓ |
| In-patient hospitalization expenses | X | ✓ | X |
| Post-hospitalization medical expenses | X | ✓ (upto 60 days from the date of discharge from the hospital) | ✓ (upto 60 days) |
| Road ambulance cover | ✓ | ✓ | X |
| AYUSH treatment | X | ✓ | ✓ |
| Domestic emergency assistance services | X | X | X |
| Organ donor expenses | ✓ (excluding cost of organ) | X | X |
| OPD treatment | X | X | ✓ (Dental and Ophthalmic Cover) |
| Modern treatments | X | X | ✓(as per sub limits specified in the policy) |
| Second e-opinion on major illnesses | ✓ | X | ✓ |
| Mental Illness Hospitalization | X | X | ✓ |
| Dental consultation & investigations | ✓ | ✓ | ✓ |
| Critical illness cover | ✓ | X | ✓ |
| Personal accident cover | ✓ (optionally available on the basis of SI from Rs.2 lacs to Rs.10 lacs)) | X | X |
Optional Inclusions (Purchased as Add-ons)
Here is the list of optional coverages you can opt for while buying Oriental Health Insurance for parents:
- Critical Illness Rider
- Hospital Cash Benefit
- No Claim Bonus (NCB) Protection
- Room Rent Upgrade
- Alternative Treatment Coverage
- Optional PA cover with a family discount of 10%
- Voluntary co-payment of 10% and 20% with a corresponding premium discount of 10% and 20% respectively on SI of Rs. 2 lacs and above
Exclusions of Oriental Health Insurance for Parents
There are certain limitations in Oriental Health Insurance for Parents. The exclusions of Oriental Health Insurance plans for parents are listed below:
- Any disease, health condition, illness, or ailment not specified as covered in the policy.
- Expenses related to any illness within 30 days from the first policy commencement date, except claims arising due to an accident, unless the insured person has continuous coverage for more than twelve months.
- Expenses related to any admission are primarily for diagnostics and evaluation purposes only.
- Expenses related to enforced bed rest or custodial care for personal care.
- Expenses related to the surgical treatment of obesity that do not meet specific criteria.
- Expenses related to treatments to change characteristics of the body to those of the opposite gender.
- Expenses for cosmetic or plastic surgery, unless for reconstruction following an accident, burns, or cancer, and certified as medically necessary by the attending medical practitioner.
- Expenses related to treatment necessitated by participation as a professional in hazardous or adventure sports.
- Expenses related to the treatment of alcohol, drug, or substance abuse or any addictive condition and its consequences.
FAQs
-
Q1. What is the waiting period for pre-existing diseases in Oriental Health Insurance for Parents?
Ans: The waiting period for pre-existing diseases in Oriental Health Insurance can vary depending on the specific plan, ranging from 24 to 48 months of continuous coverage after the inception of the first policy with the insurer. -
Q2. Can I upgrade the coverage provided by Oriental Health Insurance - Happy Family Floater plans?
Ans: Yes, you can increase your coverage benefits at the time of renewal. You can upgrade your silver health plan to a gold or platinum plan. You can also opt for optional benefits to upgrade it further. -
Q3. Does the Oriental Health Insurance Plans offer any no-claim bonus protection?
Ans: Yes, Oriental Health Insurance plans offer no claim bonus protection. The insured shall be entitled to a No-Claim Discount at the rate of 5% of the renewal premium payable after every claim-free policy year, subject to a maximum of 20%, provided the policy is renewed without any break. -
Q4. Is there a voluntary co-payment option available for Oriental Health Insurance for Parents?
Ans: Yes, a voluntary co-payment option of 10% and 20% available with corresponding premium discounts of 10% and 20% respectively for a sum insured of Rs.2 lakhs and above. -
Q5. What are some of the in-built covers available under Oriental Health Insurance for Parents?
Ans: The in-built covers include medical second opinion, air ambulance, OPD benefit for dental and ophthalmic cover, and an additional sum insured for critical illness for insured persons with a sum insured slab of Rs. 25.0 lakhs and above.
Policybazaar exclusive benefits
- 30 minutes claim support*(In 120+ cities)
- Relationship manager For every customer
- 24*7 claims assistance In 30 mins. guaranteed*
- Instant policy issuance No medical tests*
Health insurance companies
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
Oriental Health Insurance Plans
Individual Mediclaim Policy
Family Floater Health Insurance
Happy Family Floater
Group Mediclaim Policy
OBC Oriental Royal Mediclaim Policy
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*We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30- minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881.
*Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.
*All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.
**All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.
*₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.
*₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases
*₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases
*₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.
*₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.
*No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.
*The values taken for effective cost calculation are indicative values and may change as per the selected plan.
*Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.
*Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.
*The scope of coverage may vary from plan to plan.
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##On ground claim assistance is available in 114 cities
Tax Benefits are subject to changes in tax laws. GST Exemption depends on fulfilment of qualification criteria and submission of relevant documents as required by the insurers. For more details on risk factors, terms and conditions, please read the sales brochure and applicable rules and regulation carefully before concluding a sale.
STANDARD TERMS AND CONDITIONS APPLY. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
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