Alyssa Lane
Oriental Insurance Company offers a range of health insurance plans to provide financial protection against critical illnesses and medical adversities. The Happy Family Floater Policy is one such plan, which covers the medical expenses of the whole family. It includes a 'Life Hardship Survival Benefit' as an add-on, which pays out a pre-specified sum insured if the insured person is diagnosed with any of 11 specified critical illnesses.
| Characteristics | Values |
|---|---|
| Type of insurance | Critical illness cover |
| Provider | Oriental Insurance Company |
| Policy name | Happy Family Floater Policy |
| Add-on | Life Hardship Survival Benefit |
| Payout | Pre-specified sum insured |
| Number of illnesses covered | 11 |
| Types of illnesses covered | Cancer, Stroke, Tumor, Dengue, COVID-19 |
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What You'll Learn
Critical illness cover
The critical illness cover is available as an add-on under the Platinum plan. During the policy, if the insured person is diagnosed with any of the 11 specified critical illnesses, then a survival benefit is paid to the insured person. This benefit is only paid once during the lifetime of the policy for a particular disease.
The Happy Family Floater Policy becomes active when a member uses medical services. The Silver and Gold plans cover hospitalisation benefit and domiciliary treatment costs. The Gold plan also offers personal accident cover and life hardship survival benefit. This covers three fatal diseases and pays a pre-specified sum insured if any insured member contracts a listed illness.
Oriental Insurance Company also offers specific health insurance plans for critical illnesses like cancer, dengue, and COVID-19.
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Financial protection
Oriental Insurance Company offers financial protection against a variety of medical adversities. The Happy Family Floater Policy is a health insurance plan that covers the medical expenses of the whole family. It comes with a sum insured amount ranging from Rs 1 lakh to Rs 50 lakh and is available in four types: Silver, Gold, Diamond and Platinum. The policy becomes active when a member uses medical services and covers hospitalisation benefit and domiciliary treatment costs. The Gold plan also offers personal accident cover and life hardship survival benefit.
The life hardship survival benefit covers three fatal diseases and pays a pre-specified sum insured if any insured member contracts a listed illness. The benefit is paid only once during the lifetime of the policy for a particular disease. The critical illness benefit is available as an add-on cover under the Happy Family Floater Policy. During the policy, if the insured person is diagnosed with any of the 11 specified critical illnesses, then a survival benefit is paid to the insured person.
The Oriental Insurance Company also offers specific health insurance plans for diseases like dengue, cancer, critical illness and COVID-19. These plans can be purchased to obtain financial protection against a variety of medical adversities. The company has earned an incurred claim ratio of 139.86% in the financial year 2021-22.
Overall, the Oriental Insurance Company seems to be a good option when it comes to getting treatment for critical illness without facing financial stress. The Happy Family Floater Policy and specific health insurance plans offer comprehensive coverage for a range of medical expenses, including hospitalisation, treatment, and survival benefits for critical illnesses.
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Hospitalisation benefit
Oriental Insurance Company offers a range of health insurance plans to provide financial protection against medical adversities. The Happy Family Floater Policy is a comprehensive plan that covers the medical expenses of the entire family. It is available in four variants: Silver, Gold, Diamond, and Platinum.
The Silver and Gold plans both cover hospitalisation costs and domiciliary treatment expenses. The Gold plan also includes personal accident cover and life hardship survival benefit. This benefit is paid out if the insured person is diagnosed with any of the 11 specified critical illnesses, such as cancer, stroke, or a tumour. The benefit is designed to help ease the financial and emotional challenges that come with a critical illness diagnosis.
The Platinum plan offers additional benefits such as OPD cover, critical illness cover, and accidental death and disability cover. It is important to note that the critical illness benefit is not available if the insured person is diagnosed with a critical illness before purchasing the policy.
Oriental Insurance Company also offers specific health insurance plans for diseases like dengue, cancer, critical illness, and COVID-19. These plans can be purchased to obtain financial protection against specific medical conditions.
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Personal accident cover
Oriental Insurance Company offers a range of health insurance plans, including the Happy Family Floater Policy, which provides financial protection against a variety of medical adversities. The policy includes a 'Life Hardship Survival Benefit' add-on, which covers 11 specified critical illnesses. If the insured person is diagnosed with one of these illnesses, a survival benefit is paid to them.
The Happy Family Floater Policy is available in two variants: the Silver Plan and the Gold Plan. The Gold Plan offers personal accident cover, which includes accidental death and permanent total disability. This means that if the insured person dies or becomes permanently disabled as a result of an accident, the insurance policy will provide financial compensation.
The personal accident cover is a valuable feature of the Gold Plan, providing peace of mind and financial security in the event of an unexpected accident. It is important to note that the personal accident benefit covers only accidental death and permanent total disability, and there may be exclusions or limitations to the coverage.
In addition to the personal accident cover, the Gold Plan also offers other benefits such as hospitalisation and domiciliary treatment costs. The Happy Family Floater Policy is designed to cover the medical expenses of the whole family, with a sum insured amount ranging from Rs 1 lakh to Rs 50 lakh. This policy is a comprehensive solution for families seeking financial protection against medical emergencies, including accidents.
It is recommended to carefully review the terms and conditions of the insurance policy, including any exclusions or limitations, to fully understand the coverage provided by the personal accident benefit and the other features of the Gold Plan.
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Family floater policy
The Oriental Insurance Company offers a Happy Family Floater Policy, which is a floater policy where the sum insured can be used by any member of the insured family for illnesses or conditions covered under the policy. This policy becomes active when a member uses medical services. It is available in two variants: the silver plan and the gold plan. Both plans cover hospitalisation benefit and domiciliary treatment costs.
The gold plan offers personal accident cover and life hardship survival benefit. Personal accident benefit covers accidental death and permanent total disability. Life hardship survival benefit covers three fatal diseases and pays a pre-specified sum insured if any insured member contracts a listed illness. The critical insurance of Oriental is available with several features, including the option to get treatment for critical illness without facing financial stress.
The Happy Family Floater Policy has been designed to cover the medical expenses of the whole family. The plan comes with a sum insured amount ranging from Rs 1 lakh to Rs 50 lakh and is available in three types: silver, gold, diamond and platinum. Coverage for in-patient, pre-hospitalisation and post-hospitalisation are available. Costs of maternity expenses, newborn baby expenses and assisted reproduction techniques are covered. Coverage for mental illness and HIV/AIDS are also available.
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Frequently asked questions
The Life Hardship Survival Benefit is an add-on cover under Oriental Insurance's Happy Family Floater Policy. It provides financial protection for critical illnesses, including cancer, stroke and tumours.
The Happy Family Floater Policy is a health insurance plan that covers the medical expenses of the whole family. It is available in Silver, Gold, Diamond and Platinum plans, with the Platinum plan offering the most comprehensive coverage.
The Life Hardship Survival Benefit covers three fatal diseases. If an insured member contracts a listed illness, a pre-specified sum insured is paid to the insured person.
To make a claim on your Life Hardship Survival Benefit, you must be diagnosed with one of the 11 specified critical illnesses covered under the policy. The benefit is paid only once during the lifetime of the policy for a particular disease.
