Oriental Pravasi Bharatiya Bima Yojana-2017

Oriental Pravasi Bharatiya Bima Yojana - 2017

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.

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.

Coverage Offered

The Oriental Pravasi Bharatiya Bima Yojana 2017 Policy offers coverage for expenses incurred for the following:

Death or Permanent Disability
Hospital admission for a minimum of 24 hours
Pre-hospitalization for up to 30 days before hospitalization
Post-hospitalization expenses for up to 60 days in case of insured emigrant
Daycare treatment for listed procedures
Maternity cover to women emigrants
Telemedicine expenses
Advanced Surgeries and Modern Treatments
AYUSH treatments are covered without any sub-limit.
Cost of transporting mortal remains in case of death of the insured emigrant.
Repatriation expenses of insured emigrant
Legal expenses relating to the employment of insured emigrants

Inclusions of the plan

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:

Uterine artery Embolization and HIFU
Balloon Sinuplasty
Deep Brain Stimulation
Immunotherapy
Oral Chemotherapy
IV Injections
Robotic Surgeries
Stereotactic Surgeries
Bronchial Thermoplasty
Vaporization of prostate
Stem Cell therapy

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.

Exclusions of the plan

The significant exclusions under the Oriental Pravasi Bharatiya Bima Yojana 2017 Policy are:

Treatment of pre-existing diseases
Investigation and diagnostic expenses
Cosmetic, plastic and similar surgeries
Infertility treatments
Obesity and weight loss treatments
Change of gender procedures
Excluded providers
Harm or injury caused due to hazardous or adventure sports
Cosmetic dental surgeries
Injury caused to breach of law or criminal activity.

Refer to the Policy document for a detailed exclusion list.

Features & Benefits

Given below are the significant features and benefits of the Oriental Pravasi Bharatiya Bima Yojana 2017 plan:

The Oriental Pravasi Bharatiya Bima Yojana 2017 Insurance policyis designed to aid emigrants by offering them appropriate health insurance cover while abroad for employment after obtaining emigration clearance.
An insurance cover of a minimum of Rs. 10 lakhs is payable to the nominee in case of death or permanent disability of the Indian emigrant.
The insurance policy is valid for a minimum period of 2 years or the actual employment period, whichever is longer.
The waiting period for pre-existing diseases is 48 months.
Cashless reimbursement benefit is offered in Network Hospitals if the treatment is taken in India.
The premium paid and the benefits received under this policy are eligible for tax deduction under section 80D of the Income Tax Act 1961*

*Tax benefit is subject to changes in tax laws

Cancellation of Policy

The company will allow cancellation of the policy if:

If a Pravasi Bharatiya Bima Yojana policyis in place with respect to the emigrant insured from another insurer or,
When the overseas journey is not undertaken subject to original passport production as proof, the insurance company will retain Rs.101 as cancellation charges.

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.

FAQs

Q. What is the process to buy Oriental Pravasi Bharatiya Bima Yojana 2017 policy?

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.
Q. Is there a Free-look period offered under this policy?

Ans. The free look period allowed under this policy is 30 days, within which the insured can return the policy if he is not satisfied with its terms and conditions.
Q. What are the renewal conditions for the OrientalPravasi Bharatiya Bima Yojana 2017 policy?

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.
Q. What is the Grace period under this Oriental Insurance Health Insurancepolicy?

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.
Q. Can the nominee be changed during the policy tenure?

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.