The Oriental Insurance company was formed in 1947 and was a subsidiary of Life Insurance Corporation of India till 1973. In 2003, the control of Oriental Insurance was given to the central government and from then, it started working as a public sector insurance company.
Oriental health insurance promises to offer financial assistance against medical emergencies, which includes hospitalization costs, health checkups, critical illness, etc. Apart from health insurance, the company deals in other types of insurance products like travel, motor, home, personal accident, among others.
Head Office | New Delhi |
Regional Offices | 29 |
Total Number of Employees | 13500 |
Table Data updated on 17-12-2020
To cater to the different needs of the customers, the company has come out with a wide range of health insurance plans:-
Plan Name | Entry Age | Sum Insured |
Happy Family Floater Policy | 3 months-65 years | Rs. 1 lakh to 20 lakhs |
PNB Oriental Royal Mediclaim Insurance Policy | 3 months- 79 years | Rs. 1 Lakh to 10 Lakhs |
Group Mediclaim Policy | NA | NA |
Individual Mediclaim Policy | 3 months-65 years | Rs. 1 Lakh to 10 Lakhs |
Oriental Happy Cash Policy- Nischint Rahein | 3 months-65 years | NA |
Oriental Super Health Top Up | 18 years-65 years | NA |
Pravasi Bhartiya Bima Yojana Policy | NA | NA |
Health of Privileged Elders | NA | Rs. 1 Lakh- 5 Lakhs |
Jan Arogya Bima Policy | 5 years-70 years | Rs. 5000 |
Arogya Sanjeevani Policy- Oriental | 18 years-65 years | Rs. 1 Lakh- 5 Lakhs |
Overseas Mediclaim Policy (B&H) | NA | NA |
Overseas Mediclaim Policy (E&S) | NA | NA |
Corona Kavach Policy | 18 years-65 years | Rs.50,000- 5 Lakhs |
Corona Rakshak Policy | 18 years-65 years | Rs.50,000-2.5 Lakhs |
Happy Family Floater Policy is for all Indian citizens as well as SAARC country citizens who want to secure their families from future medical costs arising due to inevitable hospitalization or medical issues. The plan is offered in three variants-
Key Features
Eligibility Criteria
Minimum Age of entry | 18 years for adults 3 months for children |
Maximum Age of entry | 65 years |
Sum Insured | Rs. 1 lakh to 20 lakhs |
Table Data updated on 17-12-2020
PNB Oriental Royal Mediclaim Insurance Policy focuses on securing the health of Oriental Bank of Commerce (OBC) account holders and their families at an affordable rate of premium. The policyholders can include their spouse, dependent children, and widowed/divorced daughters.
Key Features
Eligibility Criteria
Minimum Age of entry | 18 years for adults 3 months for children |
Maximum Age of entry | 79 years |
Sum Insured | Rs. 1 Lakh to 10 Lakhs |
Table Data updated on 17-12-2020
If anybody wants to cover a target group, association, institution, or corporate batch can purchase Oriental Group Mediclaim. The cover can be bought for a group of 50 families or 50 persons or more.
Key Features
Individual Mediclaim Policy health insurance policy is designed for individuals and their family members who wish to get coverage from unpredictable hospitalization and medical emergencies.
Key Features
Eligibility Criteria
Minimum Age of entry | 18 years for adults 3 months for children |
Maximum Age of entry | 65 years |
Sum Insured | Rs. 1 Lakh to 10 Lakhs |
Table Data updated on 17-12-2020
The Happy Cash Policy will keep your worries at bay (during the whole term of the policy) through a constant supply of cash during hospitalization that will not affect your pocket savings.
Key Features
Eligibility Criteria
Minimum Age of entry (dependent children) | 3 months - 18 years |
Maximum Age of entry | 65 years |
Daily Cash Benefit Option | Rs. 500, Rs.1000, Rs.2000 & Rs.3000. |
Table Data updated on 17-12-2020
It is a premium health insurance plan, which covers all the significant medical expenses associated with the required treatment if in case the hospitalization expenses exceed the SI under the base policy.
Key Features
Eligibility Criteria
Minimum Age of entry | 18 years |
Maximum Age of entry | 65 years |
Table Data updated on 17-12-2020
The Pravasi Bhartiya Bima Yojana Policy is made to facilitate the people who migrate to foreign countries for employment and have obtained an emigration clearance for the same.
Key Features
Health of Privileged Elders is designed to offer helpful health insurance cover to senior citizens aged 60 years and above. The plan offers coverage to specified diseases only and it comes out with a compulsory co-payment of 20%.
Key Features
Eligibility Criteria
Sum Insured | Rs.1-5 lakhs |
Cashless service through TPA | Up to Rs.1 lakh |
Table Data updated on 17-12-2020
The policy reimburses the expenses incurred during hospitalization/domiciliary hospitalization for illness or injury sustained.
Key Features
In-patient hospitalization coverage for the following-
Pre-hospitalization expenses (up to 30 days) are covered. Post-hospitalization expenses are also covered (for a maximum of 60 days) and will be settled only when you submit related reports/ bills/ tests/ doctor statements.
Eligibility Criteria
Entry age (Adults) | 5 years-70 years |
Sum Insured | Rs. 5000 |
Table Data updated on 17-12-2020
Arogya Sanjeevani is a standard health insurance plan that covers hospitalization expenses and comes with a wide range of useful benefits.
Key Features
Eligibility Criteria
Entry Age | 18 years-65 years |
Policy Period | 1 years |
Sum Insured | Rs.1 lakh to 5 lakhs |
Table Data updated on 17-12-2020
Overseas Mediclaim Insurance Policy (B&H) is a combination of travel and health insurance that contains health benefits and offers coverage against loss during travel abroad.
Key Features
The Overseas Mediclaim Employment and Studies policy covers various travel and health emergencies faced by the policyholder while traveling abroad.
Corona Kavach Policy is available on both individual and family floater basis, that protects the policyholder from the expenses incurred due to COVID-19 treatment.
Key Features
Eligibility Criteria
Entry Age (Adults) | 18 years-65 years |
Sum Insured | Rs.50,000- Rs. 5,00,000 |
Policy Period | 3.5 months, 6.5 months, and 9.5 months |
Table Data updated on 17-12-2020
Corona Rakshak Policy offers a lump-sum benefit (equal to 100% the SI) on a positive diagnosis of COVID-19, provided the insured is hospitalized for a minimum period of 72 hours.
Key Features
Eligibility Criteria
Entry age (Adults) | 18 years-65 years |
Sum Insured | Rs.50,000-2,50,000 |
Policy Period | 3.5 months, 6.5 months, and 9.5 months |
Table Data updated on 17-12-2020
Oriental has made the process of buying health insurance easy and convenient. Just follow the below steps and be the owner of a health policy.
The oriental health insurance must be renewed every year to enjoy its benefits. The company has come out with an online process, which makes it easy to renew your plan from the comfort of your home. The process is mentioned below.
The company provides a free-look period of 15 days. During this period, the policyholder is free to cancel the policy if he/she does not agree with any of the clauses under the policy.
The health card is primarily for cashless hospitalization. The insured person or accompanying member can display the card to the hospital. The hospital will verify with the assigned TPA/company, who will authorize the claim for cashless settlement.
Yes, pre-existing diseases are covered after three consecutive policy periods.
Yes, they all are covered. However, the insured has to keep the policy active through timely payment of premium and wait for one or two years to receive a payout.
The cost of the organ and acquisition of the organ is not covered under Oriental Health Insurance.
For filing a claim, you need to get in touch with the customer support of Oriental Insurance. They will guide you with further process.
Page updated on 17-12-2020