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Universal Sompo General Insurance Pvt Ltd

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IOB Health Care Plus Policy

We, at USGI always endeavor to bring the best of Insurance products and services to our esteemed customers. In order to cater to the needs of the customers of Indian Overseas Bank, we have designed the "IOB Health Care Plus" in association with Indian Overseas Bank.

The IOB Health Care Plus is a complete health insurance Plan that covers You, Your spouse and two dependent children and unlike any other regular Policy, wherein a family has to take individual sum insured for each member, this unique family floater policy gives you the flexibility of taking one Policy that covers the entire family under a single sum insured.

The Policy is available to all the customers of IOB maintaining a S.B. or C.D account. However, the cover is available for treatment in hospitals in India. The Scheme takes care of the hospitalization expenses, subject to maximum Sum Insured, in respect of the following eventualities:-

• Sudden illness

• An accidental injury

• Any surgery that is required in respect of a covered disease/injury

Salient Features

• The health insurance cover is available at a very attractive premium, which is far below the normal premium if the Policy is taken individually by the account holder, directly from any Insurance company

• Entire family of account holder, spouse and up to two dependent children are covered under Floater policy. Even dependent parents of primary account holder can be covered at inception for additional premium

• Coverage option from Rs.50,000 to Rs.5.00 lakhs is available

• Pre existing diseases are not covered. However, the pre-existing disease is covered after four continuous claim free years which include this insurance cover (IOB Health care plus) or a similar medical insurance cover (offered by any other insurer under their earlier tie up arrangement with Indian Overseas Bank only)

• Ambulance charges up to Rs.1,000 is reimbursable per policy period

• Cost of health check up allowed @ 1.00% of sum insured after completion of 3 continuous claim free years of Policy with us

• In the case of Hospitalization of children below 12 years a lump sum amount of Rs.1,000 as out of pocket expenses to either of the parent is payable per Policy Period

Maternity Benefit and Baby Care Expenses are also reimbursed up to 5% of sum insured, subject to a waiting period of 9 months from the commencement of the Policy

• Treatment in hospitals in Nepal and Bhutan are also covered, indemnity shall be only in Indian Currency

• Personal Accident death cover is available for additional premium

• Income tax benefit is available under Section 80D for the premium paid

• Cash less access to networked hospitals is available through Third Party Administrator (TPA)

• In case of death in hospital, funeral expenses are reimbursed up to Rs.1000 over and above the sum insured, subject to original illness/accident claim admitted under the Policy

What are the exclusions in the Policy

The Policy provides for three different options as under:

• The Policy does not cover preexisting disease. However, the preexisting disease is covered in case of four continuous claims free years which include this insurance cover (IOB Health care plus) or a similar medical insurance cover (offered by any other insurer under their earlier tie up arrangement with Indian Overseas Bank)

Important Note

Pre-acceptance medical tests are to be carried out for persons above the age of 50 years.

Note: The above are only the salient features of the Policy, for complete terms and conditions please refer to Policy Wordings.

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Hi Every one. First time i have opted for Healtcare plus.It was one month before i have given my cheque for premium.On the next day they have deducted the amount from my account towards the premium.But till date i have not recieved any documents related to the policy from Bank/Insurence company. Got a careless answer from bank when i started doing followup regarding the documents. As this is a PSU , no one is interested to take the responsibility.They are just saying to wait for one more week.Now , my doubt is , in the inetial stage only if their response is like this , @ the time of claim how they are goint to response. Im in a total confusion now.
Kiran_K Tuesday, September 24, 2013
I have your IOB health policy of Rs.50000 sum assured since last 3 years. Can i increase the sum assured to 1 lakh or 2 lakh during next time renewal without affecting my policy seniority. no claims during last 3 years. please reply regards
subhash.p.s Wednesday, March 20, 2013
good achivement sir
dharmenderkambojadvocate Saturday, September 03, 2011
provided various good things about your company, However, i took health policy from IOB, Bandra-Mumbai in April 2011, but yet not received any thing including policy documents as well as Medical card. so, i presumes that your service is not up to the mark, although, you claimed for it. i am not happy with your service. with regards,
mahendra31 Saturday, July 30, 2011
Universal Sompo down load section does not have a helathcare policy renewal form . How do I renew policy ? Am I expected to visit their office or IOB office to collect a mere form? Will you please send a form by email to me alokesaxena@rediffmail.com name aloke saxena membership no 1556/00017
alokesaxena Wednesday, May 11, 2011
Sir it is auto renewed subject to minimum policy renewal premium amount in your account on the day of renewal.No need to fill form again for renewal.
DINESHSANG Saturday, December 15, 2012
Do you provide insurance coverage for dog bite? If yes, what will be the maximum amount in this case? I am raising this question because dog bite does not require hospitalization, which can be treated at home itself with appropriate injectables, under the guidance of a reg. dr. You may mail your reply on sreepillai@indiatimes.com
Sreepillai Tuesday, February 22, 2011
Universal Sompo down load section does not have a helathcare policy renewal form . How do I renew policy ? Am I expected to visit their office or IOB office to collect a mere form? Will you please send a form by email to me sumanta15@hotmail.com
sumantabhattacharya Friday, January 28, 2011
I have taken IOB Health Care Plus from Decccan Gymkhana BrPune on 03.07.2010. I have received two cards from TPA service provider also. But still I have received neither the policy or the receipt of the premium collected which is required at time of filing of Itax return.
Please do needful

gopalbb Wednesday, September 29, 2010

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