Recently, Indian Overseas Bank launched its Health Care Plus Insurance policy designed by Universal Sompo General Insurance company starting from Rs 50,000 to Rs 15 lakhs. Made on a real-time basis, the costumers of IOB Bank Branches can avail it covering self, dependent parents, spouse and dependent children.
The Health Care Plus Insurance policy of the Indian Overseas Bank is a Family Floater policy charged as per the age of the proposer without medical check-up to 50 years of age. It also gives the flexibility to choose a cover for the entire family under a single sum insured.
The policy takes care of expenses made during hospitalization which are subjected to the maximum sum insured under eventualities such as an accident, any surgery done in respect of any disease and sudden illness.
Who can opt for the policy?
It is available to all the IOB costumers including the NRI ones who are maintaining S.B. or C.D. account.
How to become a member?
As there are no medical examinations inclusions in the procedures, the whole process becomes very easy. The account holder of the IOB just needs to do is to fill up and signing up a proposal including the declaration of good health.
What is the time period of insurance?
The premium for the insurance cover is for one year from the date of the debit of premium. It can be renewed on a yearly basis on or before the due date.
How to pay a premium?
The premium will be debited from your S.B. or C.D. account soon after you give authorization to the proposal form.
There are several other features that add sparks to the policy of the bank. For further information, you can log on to the website of the bank or log on to https://www.iob.in/Iob-health-care.