Bank of Baroda health Insurance – Baroda Health – Review

bank of baroda health insurance

Baroda health is a health insurance policy for Bank of Baroda account holders, in tie up with national Insurance company Limited. After analyzing some of the health insurance policies by nationalized banks for their customers, I have concluded that you can never find a single policy having all the important features.

If one is coming with No sub limits then it doesn’t have high sum assured, and if some policy has high sum assured than it is with sub limits on room rent and other conditions.

Bank of Baroda health insurance policy comes in the former category.  The maximum sum assured one can have under this policy is Rs 5 lakh, though there are no sub limits.

This post is to share with you the basic features and Premium details of the Bank of Baroda mediclaim.

If you have a bank account with any other nationalized bank in India, then you may check their health insurance policy products too. I have reviewed some of them as under

  1. PNB Oriental Royal Mediclaim
  2. Canara mediclaim with Apollo Munich
  3. AB Arogyadaan
  4. BOI National swasthya Bima Policy

Bank of Baroda Health Insurance – Baroda Health – In brief

Baroda health is a very Simple policy which covers the hospitalization expenses of the Insured, with no sub limit. It is a floater policy covering the immediate family of 4. Parents cannot be covered under this policy.

The Premium rates remain same for all age groups till 65 years of age and changes after then. Though the policy states that it will provide coverage only till 80 years of age, but legally no company can refuse continuous coverage, and if the policy holder wants to continue the policy even after 80 years of age, he/she can. This may or may not be with some extra premium.

Bank of Baroda mediclaim – Key Features

bank of baroda health insurance mediclaim details

Bank of Baroda Health Insurance – Premium Rates

bank of baroda health insurance mediclaim premium details

Click here to Read the Policy wordings

Bank of Baroda mediclaim – Should You Buy?

See, product wise there is not much difference between these banks provided policies and otherwise available policies directly from the company. It’s just that bank is acting as a distributor here, and the product is specifically designed for the bank customers.

Being a group policy, the premium rates are also very attractive, and the provision of converting this group policy to Individual policy otherwise provided by the same Insurer is the added advantage, if you want to come out of this group policy due to some reasons or  if the Company wants to discontinue the tie up policies.

The main concern with these bank policies are the service issues. Bankers who are selling these policies are not that very conversant with the features and service concerns, and they direct the customers to the TPAs. I have heard many bad experiences with TPAs.

So all in all, this bank of Baroda health insurance policy looks fine, but one should buy this only after knowing all the claim related formalities as you might not get any service from the bankers and process has to be handled by Insured or relatives only.

 

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32 COMMENTS

  1. I have oriental bank of commerce mediclaim (Family Flotar, sum insured Rs. 4 lakhs, with 2 continuous year without any break) policy.
    My policy next renewal due date is 25th May 2018. I want to port my policy to Baroda health Policy with same family floater scheme and same sum insured).
    So my question is that should I get 2 year continuous benefit of Pre-existing diseases and Critical illness? Please advise me.

  2. My Mediclaim policy expired in February due to some mistake. We want it to be renewed. My husband age is 67 years and mine 60years. Can it be done after paying any penalty. I was member since last 15 years. Please advise if there is some way. Thanks

  3. I have a mediclaim policy of Bank of Baroda under National insurance ,my policy date 16.11.2016,my wife now ill with severe nerve problem ,
    pl inform me can I claim the expenditure for treatment such as operation.

    • You should better apply for the Pre-authorisation of the treatment by emailing them to the Insurer. If the problem does not come under waiting list then claiming should not be a problem

  4. I have Bank of Baroda Health policy No.154501501810002846 , what is the Format of policy such number not showing in the National Insurance website. Message is showing it is not correct numbers.

  5. Dear sir,

    I am account holder in bank of baroda,but my mother is not account holder in bank of baroda,
    can i give for my mother national insurance health policy Cheques from my account.
    My mother age is 62 years.
    Kindly reply asap.
    Thanks
    Ganga suryawanshi

  6. My father and mother in full pressure all of sudden… Bank of baroda closed this tie with national insurance.. So my parents who is senior citizens and nt earning good told to pay 3 times higher then wht thy are paying currently. This like loot.. How can bank of board close this group insurance and why not national insurance continue with same amount for old customers.. Earlier premium 6200 and now they are asking 19500.. Is this loot as all know senior citizens insurance is compulsory.. How can thy afford so much high premium and arrange the much money is short notice.

  7. Even I had a Baroda Health insurance policy with Bank of Baroda for last 10 years or more. I am now 68 years and suddenly when I went to renew my policy with effect from 30 Jan 2019, I was told the insurance company has closed this. Neither the insurance company nor the Bank intimated about the closure. As per my last policy, it is valid up to 30 Jan 2019 and I had gone to renew the same one month in advance when I was told about the closure of the scheme. I was surprised at this I’ll treatment of customers. I did not know about this and I still am not aware as to when this scheme was closed. What if I had fallen I’ll and gone to a hospital for treatment not knowing about the closure. How humiliating it would have been for me when it would have beenrejected. Hope Bank and the Insurance companies show more concern for their customers

    • I understand your concern, but this is the drawback of group policies. As far as claim settlement is concerned, the insurance company cannot deny this as long as your policy is in active mode. Even at the time of renewal, you must have been offered with porting your policy to some other product of insurer with all the continuity benefit. So that way the company manages its liabilities

  8. Dear Sir,

    Please review OBC- Chola MS health insurance. They are offering 5 lac family floater without parents for Rs 9910 (including GST). No room capping, no sub limits, no co pay, even maternity coverage after 9 months max 25k. Please update on this policy.

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