BOI National Swasthya Bima Policy – Review

insurance concept

In the series of reviewing health insurance policies offered by nationalized banks, this time I am reviewing Bank of India national swasthya bima policy. This is the third in the series, other two I already reviewed were – (You may click on the product names to read about them)

Canara bank Mediclaim  and PNB Oriental Royal Mediclaim 

One thing is very clear from all the reviews I have done till now is that health insurance policy can be bought cheap too. Yes, buying it from nationalized banks may be troublesome, as you may not get smooth policy servicing, but I think that is the cost you pay to save money on your otherwise costly health insurance cover.

If one is ready to make some efforts and is aware of the basics of health insurance, then he can save a lot on policy premiums with not much of differential in the Policy features. This was very much visible from Canara Apollo Munich policy.

BOI national Swasthya Bima Policy – in brief

This health insurance policy is for Bank of India account holders or card holders, in tie up with National Insurance company Limited.  Features wise this policy stands at par with its counterparts, and premium wise also it is very much comparable.

This policy provides cover to Complete family covering Self, Spouse and upto 2 children, under floater version. Parents would not be covered in this policy.

The best part is that BOI national swasthya bima policy has no sub limits, which is difficult to imagine in a policy by national insurer, which makes this policy more attractive in its segment. Let us look at its basic features to understand the product

Important – BOI National Swasthya Bima has been discontinued

BOI national swasthya bima

BOI national Swasthya Bima Policy – Features

boi national swasthya bima policy

*As per Policy brochure, but in FAQs it is mentioned as covered.

Additional benefits:

  1. Maternity benefit – Up to 5% of Sum assured on Reimbursement basis (Check out the details on maternity benefit) 
  2. Health Checkup benefit – 1% of Sum assured after completion of continuous Claim free 3 Policy years
  3. NRIs can take this policy for Treatment in Indian Hospitals
  4. In case of hospitalization of Children below 12 years, Rs 1000 per policy year will be paid towards Out of Pocket expenses.
  5. Treatments in Nepal and Bhutan also covered in Indian Currency

(Download the BOI national swasthya bima policy policy prospectus)

BOI National Swasthya Bima Policy – Premium rates

(Source : BOI website)

boi national swasthya bima policy

BOI National Swasthya Bima Policy – Should you buy?

As a basic coverage this policy is not bad at all. But in my view Rs 5 lakh the maximum available cover in this policy is too less to have. However that can also be increased by taking a super top up policy, but national health Insurance does not have any Super top up policy…and it is always better to have both the basic and super top up from the same insurer to manage the claim better. ( Read: 4 ways to enhance health insurance cover)

I believe that maternity benefit should never be considered while buying any policy, but that can be taken as additional advantage. No Sub limit is also an attractive feature.

One should ask the insurer about the Day care coverage as nothing of this sort mentioned in the policy brochure. The policy documents received should be having the details about the same.

Rest as I always say that in case of health policy offered through nationalized banks buyers should be aware of the claim process and should be ready to make all the efforts himself as banks will not be providing any service related to this policy.

All in all BOI National Swasthya Bima policy looks to be a good buy, as a basic cover.


  1. Respected sir,mujhe meri and meri mother ka mediclaim policy lena hai,mujhe uske liye kya karna pdega ? insttlament 2 lac cover par kya aayegi ? age meri 27 and mother ki 54 hai,plz mujhe procesure btaye.

  2. Is BOI National swatch bima policy provide cashless treatment ?
    or can i take this policy for my family include my wife, son father & mothre ..

    Please suggest

  3. Hi Manikaran sir,
    i have some queries regarding boi national swasthya bima policy–
    As i am a corporate employee so i have a corporate policy and my wife is having the same policy from his bank as she is working in Bank of india. and also i am having a royal sundaram health policy too but now i am thinking to stop this royalsundaram policy and take a bano of india national swasthya policy because these corporates policy wirks till i’ll be working in these companies but what after 60 years so i would like to take a policy – plz suggest is it good to take boi national swasthya bima policy or continue with Royal sundaram.
    and also having a doubt regarding boi national swasthya bima policyHospital Room Eligibility (Any sublimits)

    • I am biased towards Private insurers. They are well managed and serve you well. I think you should continue with Royal sundaram

  4. Hi Manikaran Sir,

    We both r working and my wife is working in Bank of India, So we are having corporate policies. insted of i took a Royal sundaram health Supreme policy just because in case if i left my job then we’ll not have any health policy but my wife are having the policy provided her bank till her retirement but after that no health policy will be there to cover our health but at that time actually we require this so i took from out side royal sundaram and premium is around 10,000/- which will increase according to age.
    So my question is that should i go with BOI National Swasthya Bima Policy because premium of this policy is less as we have already having corpporate policies so we don’t required but for security purpose i took from royal sundaram. now i am thinking is to stop royal sundaram and take a BOI National Swasthya Bima Policy.
    Could you please suggest?
    and please let me know the room eligibility is there any sublimit in hospital room charges (BOI National Swasthya Bima Policy).

  5. i am 59 years and my wife 55 .we want to go for BOI swastha bima . I want to go for a sum of 200000 insurance . what are the pre-existing disease covered in this. and after how long the claim can be availed.also is it cashless or not .please let me know and what are the hospitals covered in kolkata. do they entertain hopitals like FORTIS ,APPOLO ETC.

      • Dear Sir,

        Requested you to Treat As Urgent :

        My parents having this Boi National Swasthya Bima policy since last 5 years of Rs. 50,000.00
        My mother faced accident 10days back and she had a head injury and taken 8 stitches after CT scan so, she could not been hospitalized at that time.
        But after that she has terrible pain in back so when we consult Spine surgeon , he advised to start some Forteo injection at home ( total 3 course of it ) 1 injection per month.
        Now that injection cost is 15000 direct company supply to patient .

        So, I would like to ask that is it cover under my policy coverage ?? if yes then how ??
        What shall i do for the same.
        Please reply ASAP.

  6. I am having BOI medical policy for Rs. 5 lacs in my name and covering my wife. for increase the policy amount, if I take another BOI Medical Policy in my wife name covering myself, will it ok for claiming in case of expenditure for more than 5 lacs for particular one hospitalization since both are covered in both policy. Please reply.


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