Oriental Insurance Bank Saathi Policy: Plans & Benefits | PolicyX
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Oriental Bank Saathi Policy

Oriental Insurance Bank Saathi Policy is a group policy designed to pr ...Read More

Up to 2 Crores
Sum insured
1
No. of plans
1,000+
Pan India presence
91.62%
Claim settlement ratio
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🛡️ IRDAI Approved
⭐ 4.4/5 · 2,704 reviews
🏥 4,000+ hospitals
📊 -1.03 solvency ratio
✅ 91.62% claim settlement

About Oriental Bank Saathi Policy

A quick read on what this Oriental Health Insurance plan covers and why it might be a fit for you.

The Bank Saathi Policy of Oriental Insurance is a group health insurance plan designed to provide indemnity to insured individuals and their family members. It covers various medical care expenses like:

  • Injuries due to accident
  • Illnesses and Diseases
  • In-Patient Care
  • Emergency Care
  • Domiciliary Hospitalization, and more.

The plan is available to individuals until age 70. Insured individuals can cover up to 3 dependent children between 91 days and 18 years. However, male children can be covered up to the age of 26 years. There are two plan variants under the Oriental Insurance Bank Saathi Policy: Plan A offers a sum insured of INR 2 to 5 lakhs, and Plan B offers a sum insured of INR 6 to 25 lakhs.

Plan at a glance

Eligibility, sum insured options and policy mechanics — pulled straight from the policy wording.

Entry age
18 to 70 Years
Plan type
Group Health Insurance
Sum insured options
₹1 L, ₹2 L, ₹3 L, ₹4 L, ₹5 L, ₹10 L, ₹15 L, ₹20 L, ₹25 L
Waiting period
30 days
Renewability
Lifelong
Policy term
N/A

*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Maternity & newborn cover
  • Medical second opinion
  • Mental illness cover

Cons

  • Illegal activities
  • Alcoholism
  • Adventure sports

What's covered

Every CMS-driven coverage flag from the plan wording — only items with a published value render below.

Hospitalization

  • Room rent Covered
  • ICU charges Covered
  • Pre-hospitalization Covered
  • Post-hospitalization Covered
  • Domiciliary hospitalization Covered
  • Day-care treatment Covered
  • OPD charges Not covered
  • Covid-19 treatment Covered
  • Cataract Covered

Bonuses & restoration

  • No-claim bonus Not covered
  • Automatic restoration of SI Not covered
  • Daily hospital cash Not covered

Family & special care

  • Maternity cover Not covered
  • New-born baby cover Covered
  • IVF treatment Not covered
  • AYUSH treatment Covered
  • Organ donor expenses Covered

Modern & preventive care

  • Modern treatment Covered
  • Road ambulance Covered
  • Air ambulance Not covered
  • E-consultation Covered
  • Health check-up Not covered
  • Second medical opinion Covered
  • Vaccination Not covered

Conditions & global

  • Co-payment Not covered
  • Sub-limits Not covered
  • Compassionate travel Not covered
  • Global coverage Not covered

Oriental Insurance Bank Saathi Policy Benefits

Insurance holders can avail of a multitude of benefits on the purchase of Oriental Insurance Bank Saathi Policy as it offers all-around coverage to you and your family members. We have listed a few below:

  • Avail Lifetime Renewability

    Insurance holders can avail of a multitude of benefits on the purchase of the Oriental Insurance Bank Saathi Policy, including lifetime renewability, ensuring continuous coverage for you and your family members.

  • Mental Illnesses Cover

    Insured individuals are covered for mental illnesses under the Oriental Bank Saathi Insurance policy. Mental illness treatment taken as in-patient is covered up to the Sum Insured. However, sub-limits are applied to 4 named diseases/conditions as per the policy schedule.

  • Medical Second Opinion

    Policyholders can avail of a medical second opinion for a number of listed diseases like Cancer, Renal Failure, Stroke, Coma, Cardiac Conditions, and more. The second medical opinion can be obtained even from overseas under the Oriental Bank Saathi Insurance Policy.

  • Maternity & Newborn Cover

    Under the Oriental Insurance Bank Saathi Policy, maternity cover is available as a part of in-patient care for delivery, including C-sections. The cover is available for a Sum Insured equal to or greater than INR 10 Lakhs. Newborn baby cover is available from day one.

  • Tax Benefits

    Oriental Insurance Bank Saathi Policy is eligible for tax benefits as per the Income Tax Law, 1961.

Sample premium

Indicative premium examples — your actual quote depends on age, declared medical history, sum insured and add-ons.

Oriental Insurance Bank Saathi Policy Premium Table

We have mentioned below the premium rates to be paid by policyholders for plan variants A and B, excluding GST, within the age bracket of 18 to 40 Years.

Plan A

Sum Insured (in Rs.) 2 L 4 L 5 L
Premium (In Rs.) 6,530 8,964 9,843

Plan B

Sum Insured (in Rs.) 6 L 15 L 20 L 25 L
Premium (In Rs.) 11,202 18,385 21,485 24,535

Inclusions & exclusions

What the plan pays for, and what it doesn't.

Exclusions

  • Permanent diseases or health conditions that are not included under the Oriental Insurance Bank Saathi Policy are:
  • Hospitalization out of war, riot, strike, and nuclear weapons
  • Intentional self-injury
  • AIDS
  • Miscarriage, and Abortion
  • Congenital disease
  • Infertility and in vitro fertilization
  • Certain diseases and treatments are covered under this plan after a specific waiting period:
  • Pre-existing diseases after 48 Months

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

  • Min entry age: 18 Years
  • Max entry age: 65 Years
  • Initial Waiting Period: 30 Days
  • Sum Insured: Up to 25 L

Other features & benefits

Conclusion

Oriental Insurance Bank Saathi Policy is a group health insurance policy that offers a wide range of sum insured options for you and your family members. The plan provides holistic coverage for insurance holders with a maximum entry age of 70 years, featuring in-patient hospitalization, maternity coverage, newborn coverage, modern treatment, organ donor cover, and more.

Oriental Insurance Bank Saathi Policy: FAQs

The 7 most-asked questions about Oriental Bank Saathi Policy, answered.

There are two plan variants available under the Oriental Insurance Bank Saathi Policy wherein: Plan A - 1 L to 5 L Plan B - 6 L to 25 L
Yes, Oriental Insurance Bank Saathi Policy provides tax benefits. All premiums paid towards the health insurance plan are eligible for tax benefits under the Income Tax Act of 1961.
Yes, Plan variant B covers maternity expenses under the Bank Saathi Policy.
The maximum entry age available under the plan is 70 years.
Yes, newborn baby cover is available under the Oriental Insurance Bank Saathi Policy.
The Oriental Insurance Bank Saathi Policy is a group health insurance plan that covers individuals and their families, offering in-patient hospitalization, maternity, newborn, organ donor, and modern treatment benefits, with entry up to 70 years.
Pre-existing diseases are covered after 48 months, while certain treatments and specific conditions may have additional waiting periods as defined in the policy.

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Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Anshika Ojha — Health Insurance Reviewed by Raj Kumar — Health Insurance
Last updated: 29 Sep 2023 · Originally published: 24 Oct 2024

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