AB arogyadan is a health insurance policy offered by Andhra bank to its bank account holders in collaboration with united India Insurance Company limited.
Like the other health insurance policies being offered by nationalized banks, AB arogyadan also has economical premium range, with features more or less similar to the otherwise available mediclaim policies in the market.
The main attraction in this policy is that you can cover your parents along within the same policy. You may also buy the additional cover through super top up plan, to make the total cover adequate for the family.
The other nationalized bank sponsored policies which I have reviewed earlier on this blog are:
- PNB Oriental Royal Mediclaim
- BOI National Swasthya Bima Policy
- Canara bank mediclaim with Apollo Munich
AB Arogyadan Review is the new addition to the list. Let’s understand how this policy is beneficial to Andhra bank account holders.
Health Insurance is one of the main areas in any personal financial planning service. In fact it becomes a base before starting with Investments.
AB Arogyadan – in Brief
AB Arogyadan is a group health insurance policy offered by Andhra bank and United India Insurance company limited. This policy is specifically meant for Andhra bank account holders.
In this policy, there are 2 plans. In PLAN A account holders can cover the immediate family (Self, Spouse, and 2 children) and in PLAN B policyholder can add both the parents along with immediate Family. One can also buy a Super top-up plan along with the base policy to increase the total sum assured.
However, there are few Sub-limits specified, which may restrict the overall claim which the policyholder must be aware of.
(Also Read: Would your Financial Plan Survive a Serious Illness?)
AB Arogyadan – Basic Features
Andhra bank health Insurance – Super Top-up Policy
Besides the basic AB Arogyadan Policy, to increase the overall sum assured one can also buy Super top up policy in addition to the basic policy. In AB Arogyadan Super top up, one can buy cover of 3 lakh/ 5 lakh / 7 lakh / 10 lakh/ 15 lakh. Super top up can be bought only after buying the base policy with maximum sum assured of Rs 5 lakh.
Rest all features are same as of base policy. You may download the Super Top Up FAQs from here.
(Also Read: How Super top-up policies works?)
Condition on expenses towards major surgeries
There are some defined surgeries in this policy which have a limit on insured cost. Details are as below
AB Arogyadan – Premium Rates
(Read: How much health insurance cover should one have?)
Conclusion
I really find these policies offered by nationalized banks very attractive with low premiums, comparable benefits, and features.
Added attraction in Andhra Bank arogyadan is the cover for parents. I am sure that you will not get such a high sum assured (Base + Super top up), at such a low premium in any health insurance policy for your parents, if bought from private players in the market.
(Read: Health Insurance policies available to cover parents)
Yes, there are few restrictions like of room rent limits, on expenses towards major surgeries but that is the kind of cost you have to pay to save on the premium costs. Moreover, if you have not bought any mediclaim policy till now, just because of the high premiums, then the policies like AB arogyadan gives you the opportunity to cover the risk.
Just keep in mind that andhra bank is only an intermediary and for the service issues you have to directly be in touch with United Insurance people.
AB Arogyadan, an Andhra bank Health Insurance policy – Hope you find the review helpful. Do share your thoughts in the comments section below
Manikaran Singal is the founder and Chief financial planner at Good Moneying Financial Solutions. He is a CERTIFIED FINANCIAL PLANNER CM and SEBI registered Investment adviser (Regd no. INA 100001620). He’s having more than 12 years of experience in financial services space.
If ab arogyadan card surrendered then premium will refund or not……my premium not deducted due to insufficiency balance.already one month grace period over .I want to renewal now .If it is not possible then I want my premium back I paid from 2015….
Does Diabetis(sugar) come under preexisting disease as i am diabetic patient. IAM proposing to take aarogyadhan plan A.pl advise
Yes, it does. You have to disclose it beforehand to the insurer while buying the policy
good mrng sir my family is 5 members one child father and mother wife and im which one take health policy sir please advice me sir
Dear Sir,
My father is at the age of 67. Can he take this insurance for himself and my mother (both wife and husband below the age of 70)?. Thank you sir.
Regards,
Srikar.
Dear Mr. Manikaran Singhal,
I have AB Arogyadan floater policy Plan A for me & my wife. We are joint account holders in Andhra Bank, with me as first holder.
I want to know , if the policy can be renewed by my wife , if i happen to predecease her ?
If you predecease her, then the bank account also be transmitted in her name as a primary holder. So She may, in any case, renew the policy in her name. Still to be better clear on the process, please contact the Insurers.
Swineflu are covered this policy are not
IS MATERNITY COVERED IN THIS POLICY
No
this plan is for group not for individual. i want individual coverage only does this plan is having? if not can you suggest any other plan
Hello Manikaran Singal sir,
I took AB Arogyadan policy on my name and i have added my parents also under plan B.
My parents age is below 60 years. But, in the AB Arogyadan card it is printed 65 and 63 as age.
Will it be a problem in future while claiming, If age mentioned on the card is wrong or is it fine?
You should get it corrected from the insurance company.