Universal Sompo General Insurance Pvt Ltd - IOB Health Care Plus Policy

Rating : 12345
Rate This Article : 1 2 3 4 5
RSS Email Print This Page Comment bookmark
Font : A-A+

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.

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
Notify me when reply is posted
I agree to the terms and conditions

i had your policy no 2824/52588757/02/0000 from karnataka bank, allahabad. for last 3 years, i was admitted at Nazareth hospital allahabad on 24th may 2015 at around 12.30 a.m. and was discharged on 25th may 2015 in the afternoon. i gave the claim to your representative Mr. Amit Jaiswal on 2nd june 2015 the claim was of around Rs.6000/-. It was promised that the claim will be settled within 15-20 days i.e. is around 20-25 th june 2015 when i contacted your representative at Allahabad Bank civil lines allahabad then i came to know that mr. amit jaiswal has left the job. Another person Mr. Akaram helped me in tracessing the documents. After two days of his labour he found the documents in the Almira. He processed the document around 30th june 2015 since then query after query are comming. I met your Brance Manage Mr. Rahul at your ashok nagar, allahabad office. He took all the required papers in around 15th july 2015 and after about one month later around 20th august 2015 a representative of e-meditk came and again took all the photocopy of all the papers again and letter from. He went to the Nazareth hospital for verification the hospital people told him that they don't put the time of discharge of the discharge certificate as the patients the discharged generally after the doctors visit either in the morning or in the evening. the claim is of just Rs.6000/- and it seems that your company use to harass the people who don't go on your listed hospitals for cashless treatment. Till date there is query and no settlement. this shows that the company have no faith in his own staff and the staff have no faith in the company that is why the staffs are leaving the company. It seems that the company is good but the management is very very bad or worst as they are interested in their listed hospital only so that their personal interests are met. the management of the company is not interested in the welfare of the company or of company customer


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.

the management of the company is hope less they are interested in development of themselves and not of Customer not only this when you will admitted in the hospital which is not listed then u will face alot of problem as i am facing since june 2015 and till date i have not got the claim and i don't know weather will get or not


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


good achivement sir

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,

View More Comments

Related Links

Show More Related Topics

Health Topics A - Z


Medindia Health Topics Search

Health Insurance

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Doctor Search

Stay Connected

  • Available on the Android Market
  • Available on the App Store