Oriental Insurance Company has teamed up with Federal Bank to extend a new insurance scheme ‘Fed Oriental Pravasi Insurance’ to its Non-resident Indian or NRI customers.
Kerala-based Federal Bank will now offer this unique insurance scheme to new NRI customers which will cover their hospitalisation expenses. Under Fed Oriental Pravasi Insurance scheme, the insured person can avail cashless treatment in over 3000 hospitals across the country. Overseas treatment of up to Rs 75,000, in recognized hospitals, is also one of the benefits offered under this scheme.
The plan will be available to all NRI customers who maintain a minimum bank balance of Rs 5,000 or more. It will ensure that the medical expenses are taken care of in case the insured person meets with an accident. Oriental Insurance Company would also pay economy class airfare for a dependent or a bystander along with that of the patient, in case of an accident.
Moreover it will also take care of repatriation costs. Medical floater cover for the family members is available in the event of death or disability of the insured for Rs 10 lakhs.
