Benefits of Oriental Health Insurance
Founded in on 12th September 1947 as a subsidiary of The Oriental Government Security Life Assurance Company Ltd, Oriental Insurance Company is one of the largest public sector general insurance companies in India based in New Delhi. It is an insurance company which has more than 30 regional offices in India and many other branches in countries like Nepal, Kuwait, and Dubai. It meets the needs of several sections of the society by providing them with several insurance products related to health, power plants, petrochemical, steel and chemical plants
A few of the key benefits which you can be gifted under Oriental Insurance Company are cashless treatment facility, heavy discounts, expenses incurred in pre and post hospitalisation, ambulance charges, no claim bonus, maternity coverage, tax benefits, and many others. Also, the insurer has established a reputable name by providing a number of comprehensive health insurance policies for individuals, family, parents, parents-in-law, children, women, senior citizens, etc.
Besides, the company also provides policyholders with cover for critical illnesses, dedicated customer support, a grace period to renew the policy, portability feature, life-time renewability of the polices as other benefits of choosing a health insurance product of Oriental Insurance Company.
Additional Benefit of Free Health Check upOriental Insurance Company reimburses the costs of health check-up undertaken once at the expiry of a block of every three continuous underwriting years. However, no claims should be reported during the block.
Additional Protection over Employer CoverageIt’s true that an employer’s health insurance policy exclude some diseases and ailments from its cover. With a suitable health insurance policy of Oriental Insurance Company, you can enhance the coverage of your plan and enjoy additional protection.
Cashless BenefitCashless treatment benefit is available at all network hospitals. So, you won’t meet a financial crunch at the time of a medical emergency.
Claim Settement RatioClaims Settlement Ratio (CSR) is referred to as the ratio of the settled claims against the total number of claims made in a financial year. CSR of Oriental Insurance Company during 2017-18 is 93.47%*. *It changes from time to time.
Coverage against Medical ExpensesHealth insurance policies by Oriental Insurance Company offer a wide coverage to individuals and families. The policies cover inpatient treatment, pre and post hospitalisation, daycare procedure, ambulance cover, domiciliary treatment, and so on.
Incurred Claim RatioThe Incurred Claims Ratio or ICR lets you know the overall value of all the claims that an insurer has paid against the total sum of premium collected. The Incurred Claims Ratio of the Oriental Insurance Company as per IRDAI is 113.86%*. *The ratio gets updated from time to time.
Tax BenefitThe premium paid against a health insurance policy of Oriental Insurance Company lets you enjoy tax benefits under section 80D of the Income Tax Act.
Oriental Health Insurance Plan List
|Name of Plan||Sum Insured|
|Happy Family Floater PolicyMin: 91 Days; Max: 70 Years||1 Lakh||Get Quotes Now|
|Individual Mediclaim PolicyMin: 18 Years; Max: 70 Years||1 Lakh||Get Quotes Now|
|HOPE (Health of Privileged Elders)Min: 60 Years; Max: No Limit||1 Lakh||Get Quotes Now|
|Happy Cash Min: 3 Months; Max: No Limit||500/day||Get Quotes Now|
|Arogya Sanjeevani PolicyMin: 3 months; Max: 65 years||1 Lakh - 5 Lakh||Get Quotes Now|
|Corona Kavach PolicyMin: 1 day; Max: 65 years||50,000 - 5 lakh||Get Quotes Now|
|Corona Rakshak Policy Min: 18 Years; Max: 65 Years||50,000 - 2.5 lakh||Get Quotes Now|
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Oriental Health Insurance FAQs
Does Oriental Health Insurance policy comes with lifelong renewability option?
Yes, all the health insurance policies offered by Oriental Health Insurance comes with lifelong renewability benefit.
How many claims can I make with Oriental Health Insurance policies?
There is no restriction on the number of claims you can make in a policy year. However, it should not go beyond the sum insured amount specified in the policy document.
Does Oriental Insurance Company have a family floater health insurance policy?
Yes. Oriental Insurance Company provides a health insurance policy, especially for families. The name of the policy is “Happy Family Floater.” The best feature of the policy is that it covers critical illnesses too.
How to apply for and buy an Oriental Health Insurance policy?
You can apply and buy an Oriental Health Insurance policy online from the official website of the company. You can also contact InsuranceDekho at 1800-1205-698 to get all the details and purchase any policy of Oriental Insurance Company.
Who all are covered under the family floater policy of Oriental Insurance Company?
The family floater plan of Oriental Insurance Company covers legally wedded spouse, children (i.e. natural or legally adopted) between the age of 91 days to 18 years, dependent children up to 25 years (girl until she gets married, divorced and widowed daughter), parents, and parents-in-law.