Punjab National Bank Oriental Royal Mediclaim Policy

Hello sir I want to know eligibility required for Punjab National Bank Oriental Royal Mediclaim Policy?

[Raman Vij]

Hey as Punjab National Bank is an Indian multinational banking and financial services company

Eligibility:

Applicants Must have an account with PNB.

Applicants Covered individuals should be above 3 months and less than 80 years old.

Applicants Coverage for 2 children apart from applicant and his/her spouse.

Applicants Female child can be covered under this policy till her marriage.

Applicants Male child can be covered up to 26 years of age.

Tax benefits

Tax benefits are applicable under Section 80D of the IT Act, 1961.

Under this section, tax deductions are provided on all health insurance premiums paid in a year, subject to maximum deduction of Rs.25,000 for individuals and Rs.30,000 for senior citizens.

Features

Standard premium rates are – Rs.1,749 for Rs.1 lakh sum insured, Rs.3,320 for Rs.2 lakhs sum insured, Rs.4620 for Rs.3 lakhs sum insured, Rs.5,780 for Rs.4 lakhs sum insured, and Rs.6,830 for Rs.5 lakhs sum insured.

Nursing, boarding and room expenses up to 1% of total sum insured per day of hospitalization.

ICU expenses up to 2% of sum insured on a daily basis. Also, consultant, specialist, surgeon, anaesthetist etc. fees are covered.

Reimbursement of expenses when hospital not a part of network of PNB.

Pre-hospitalization cover up to 30 days before getting admitted, and post-hospitalization cover for 60 days.

Family floater scheme where up to 4 family members can be covered under a single policy.

Policyholder, spouse and two dependent children can be included under a single premium.

Sum assured available from Rs.1 lakh to Rs.5 lakhs.

Medical examination not required at any stage of application or renewal.

Cashless hospitalization, health check, ambulance charges etc. are covered under the policy.

Attractive premium amounts with greater transparency in rates owing to uniform premium rates for all applicants under the age of 80.