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.

 

51 COMMENTS

  1. The Mediclaim policy of BOB is costlier than that of PNB Oriental Royal Mediclaim if you are above 65 years old. For a cover of Rs.5.00 lakhs, you have to pay 36% more premium than PNB policy every year. Thus if you have good health and making your first claim at the age of 75 years only, you would have already paid Rs.32000/- more premium to BOB because of the higher premium after 65 years.But if it is true that there are no ceiling/sub limits for Room Rent, Surgeon Expenses, Nursing Expenses etc , BOB policy is better. Domiciliary treatments are reimbursed in PNB’s policy, but not in BOB’s.

    • I think Domiciliary treatment cover is there in BOB too. Ask this to the Insurer while enquiring about this policy.

  2. My parents have account in BOB. Father’s age is 70 years and Mother’s age 58 years. Will both be covered in floater policy and what will be the final premium ?? Confusion because father is above 65 years and mother is below 65 years of age. Pl clarify..Thanks and Regards

  3. Hi. My Father is 67 years and Mother is 58 years old. As per BOB Health insurance policy rule, an account holder with the age of upto 65 can take the policy.
    So as per this clause, my father can not take this policy.
    If my mother takes the policy then will my father will also be covered under the same policy?

    Please guide on the same.

    Thanks & Regards

      • try pnb & new india insurance policy where age limit is 79 yr…for more info, please visit PNB (it’s too new so might be some branch people are not aware)

  4. Dear sir, recently my father’s cash less claim is rejected by national insurance (Tpa) stating that “1st year policy as break of 6 months as per mail from ic , attached,chronocity can not be ruled out,hence denied”. My father had already paid 5 years premium, but last premium is paid after break of six.
    Please guide is there any chance of reimbursement claim will acceptance??
    Your revert is highly appreciated..
    09904596290/ [email protected]

  5. Hi, My father is 76 year old and he have a NICL Barishta (sum assured 1 lakh / critical 2lac ) plan from last 5 years. Now he want to port his policy to Bank of Boroda / NICL plan.
    My question is – (1) if he port his policy, BOB health policy continue all his previous credential of continuation of last 5 years? (2) can he continue his policy after his 80 year?
    Please guide me as early as possible, its really urgent.

  6. MY AGE 48 AND MY WIFE AGE 39 PLS Please check with BOB people for the final premium amount UPTO 2.50 LAC.

    Pls resend the massge

  7. Kindly let me know which is better insurer, govt. aided insurer(Like baroda health) or private sector insurers like Apolo munich.
    It would be more helpful if you can add some brief reason.
    Your reply will be awaited.

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