Some of the salient features of the product as listed below:
1. A Customer friendly policy with low premiums, simple to understand with no hidden charges/conditions.
2. Coverages available from 3 to 30 Lacs under various sum insured slabs and corresponding deductibles.
3. Plans available as Individual and Family Floater with no family capping for number of dependents.
4. Coverage for dependent children who are physically or mentally challenged with no upper age limit available.
5. Maximum entry age 65 years which may be extended to 70 years subject to10% premium loading.
6. Family Discount of 10% in premium in case of Individual Plan (>2family members covered) and 10% loyalty Discount where insured has Oriental?sRetail/Bancassurance health policy.
7. Portal discount of 10% on premium, subject to maximum of Rs.2000/- available where policy taken online without any intermediary
8. Option of deletion of room rent limit available to delink proportionate deduction of medical expenses
9. Option for Midterm inclusion of newly wedded spouse and new born/adopted child available on prorata premium.
10. Life-long renewals allowed.
11. Cashless Claim Settlement at all Network Hospitals (TPA serviced policy).
12. Organdonor benefit:
Ø Insured-Donor: 10% of Sum Insured even if the deductible is not exceeded & in addition to any amount payable in any base policy.(24 Monthswaiting period)
Ø Insured-Recipient: Cover Inpatient Medical Hospitalization expenses.
13. Maternity Cover available (waiting period: 12 months).
14. Newborn baby cover from day one to 90 days.
15. Migration facility available.
16. Portability facility available too subject to portability IRDAI Guidelines.
17. All pre-existing diseases covered after 48 months of continuous coverage with OICL.
18. Treatment in SAARC countries available only on reimbursement basis.
19. 116 day care procedure covered.
20. Free look period option available.
21. Grace period facility for payment of renewal premium available.
22. No pre Medical Check-up required for policy issuance upto 55 years.
23. Income Tax Benefit under 80D (IT) available.
24. Pre & Post Hospitalization expenses up 30/60 days covered.
25. AYUSH Treatment covered upto sum insured opted.
26. Option for revision of Sum Insured/Deductible available.
27. Competitive Premium with Best Coverage.
. The premium chart is attached herewith for reference.
Individual Plan |
||||||
Sl. No. | Deductible(INR) | Sum Insured(INR) |
Age in completed Years* (Exclusive of GST) |
|||
0-35 |
36-45 |
46-60 |
Above 60 |
|||
1 |
300000 |
300000 |
1778 |
2576 |
3651 |
6642 |
2 |
300000 |
500000 |
2446 |
3451 |
4646 |
8283 |
3 |
500000 |
500000 |
1523 |
1936 |
2480 |
4127 |
4 |
500000 |
700000 |
1790 |
2240 |
2888 |
5167 |
5 |
600000 |
600000 |
1398 |
1707 |
2310 |
4127 |
6 |
600000 |
800000 |
1650 |
1993 |
2643 |
5006 |
7 |
800000 |
800000 |
1387 |
1570 |
2230 |
4641 |
8 |
800000 |
1000000 |
1655 |
1859 |
2576 |
5397 |
9 |
1000000 |
1000000 |
1409 |
1560 |
2089 |
4641 |
10 |
1000000 |
1500000 |
2052 |
2272 |
2982 |
6073 |
11 |
1500000 |
1000000 |
1325 |
1449 |
1955 |
3471 |
12 |
1500000 |
1500000 |
1968 |
2160 |
2848 |
4641 |
13 |
1800000 |
1000000 |
1306 |
1437 |
1967 |
3029 |
14 |
1800000 |
1200000 |
1563 |
1722 |
2325 |
3471 |
15 |
2000000 |
1000000 |
1294 |
1432 |
1979 |
2795 |
16 |
2000000 |
2000000 |
2506 |
2785 |
3682 |
4899 |
17 |
2000000 |
3000000 |
3652 |
4076 |
5310 |
6936 |
Family Floater Plan(Basis of premium charging is as under) |
|
Insured Member?s age | Premium to be charged |
Member with highest age | 100% of the premium as applicable to that age & Deductible/Sum Insured combination. |
Member with second highest age | 50% of the premium as applicable to that age & Deductible/Sum Insured combination. |
All other members with lower ages | 40% of the premium as applicable to that age & Deductible/Sum Insured combination. |