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.
My name is missing in the policy of ABarogyadhan
I’ve been complaining 6 weeks and the name didn’t get updated.How should i proceed further .help me
We are a financial planning/advisory firm, not associated with any insurer/banker by any means.
You have to contact the banker/insurer directly with your queries.
This plan comes with lifelong renewability feature, which means once you enter the policy, you can continue it whole life by paying the premiums.
As far as increase in premium is concerned, you have to check it through the banker/insurer directly.
AB arogyadhan policy For Rs 200000 IAm I able to for my dental treatment? It cost around Rs 200000
As per the Policy details mentioned on the website, dental treatment is not covered, link shared below:
https://www.andhrabank.in/english/ABArogayaadan2.aspx
Still please call the helpline number and confirm the same.
AB Arogyadhan policy has cover meternity?
As per the Policy details mentioned on the website, maternity is not covered, link shared below:
https://www.andhrabank.in/english/ABArogayaadan2.aspx
Still please call the helpline number and confirm the same.
Dear Sir, My name is Sri Rama Rao Mantripragada. I am from Hyderabad. I have an insurance with you i.e AB Arogyadan Good Health insurance policy since long time. The policy is for me and for my wife Smt. Annapurna Mantripragada. The policy number is 0504002819p103945147. The premium is been deducted from my Andhra Bank (now Union Bank) account regularly. I have received a message saying that the renewal date is 08/06/2020. I have submitted the age proof of me and my wife on 21/01/2020 to the bank. I request you to let me know whether the policy covers my wife also?. Request send me the details to my cell number 9848507152 or to my e-mail ” [email protected] ” at the earliest. Thanking you Sir. M. S. Ramarao
Do you have the Arogyadaan premium charts? Need the premium chart for Arogyadaan
The data is not available online and banks are also reluctant in sharing with us…not sure why. Plus you must be knowing that the process of bank mergers is going on and very soon you will see Andhra bank turning into Union Bank so be wary of the change in the terms of the policy soon. Keep in touch with the bankers.
can I submit age proof for ab arogyadan online
We are a financial planning/advisory firm, not associated with any insurer/banker by any means.
You have to contact the banker/insurer directly with your queries.
Will it cover for Covid19 patients
Not sure… it is not mentioned anywhere online, you need to check it with the banker or insurer directly.
What is premium amount of ab arogyadhan plan 2
The data is not available online and banks are also reluctant in sharing with us…not sure why. Plus you must be knowing that the process of bank mergers is going on and very soon you will see Andhra bank turning into Union Bank so be wary of the change in the terms of the policy soon. Keep in touch with the bankers.
My policy renewal date missing & bank not help me andnra bank Airoli burch not support me