Overview Of Banks Offering Mediclaim:

Generally most of the banks offers third party products like life insurance,mediclaim,mutual funds for their customers.

Bank sells mediclaim policies as per their tie up with certain insurance company.Banks sell individual plans as well they offer group mediclaim to their customers holding saving,current,deposit accounts.

Overview of Banks offering Group Mediclaim:

Sample Premium Rates:

Sample premium rates for few of above, for sum insured of Rs 5 Lakh are as follows:

Important Features of Mediclaim offered by Banks:

1. Mediclaim Facility available for bank account holder and its family through family floater option .
2. Policy duration is mostly for One policy year & renewable thereafter.
3. Entry age varies from policy to policy.Few policies offer entry age up to 54 years only while few allows it up to age of 65 years.
4. Account holder seeking for policy ,should take note of Policy exclusions. Pre-Existing illnesses (known or unknown) are mostly excluded for first Three policy years or or day care processes like Cataract Operation are excluded for first 1-2 policy years.
5. For policy enrolment,one need to submit proposal form at your branch.If there is any claim then its directly settled from insurance company / associated TPA.
6. Cashless mediclaim facility if treatment availed through network hospitals.

As mediclaim offered is through Group mediclaim  premium rates are low.Still there may be some policy conditions like co-pay or other restrictions.Its policy holders duty to ascertain the same.