Federal Bank, Oriental Insurance launch NRI mediclaim policy

Federal Bank has partnered with Oriental to launch a mediclaim policy for the NRI community, 'Fed Oriental Pravasi Insurance'.

MUMBAI: Kerala-based private lender Federal Bank has partnered with Oriental Insurance Company to launch a mediclaim policy for the NRI community, 'Fed Oriental Pravasi Insurance'.

The scheme will offer NRIs a cover for normal hospital expenses and unforeseen events such as repatriation and accidents. The policy also includes a legal/litigation cover, hospitalisation cover, personal accident cover and a medical floater cover for family members, besides maternity benefits.

The insurance mainly covers hospitalization expenses of the NRI customers by providing cashless treatment facility at more than 3000 hospitals pan India and also for unforeseen eventualities like repatriation, accidents etc.

All new NRI customers of Federal Bank, who maintains a minimum balance of Rs.5,000/- or more are eligible for the insurance coverage. Medical floater cover for family is available in the event of death or disability of the insured for Rs. 10 lakh. Economy class airfare for a dependent or bystander in case of accident / airlifting etc along with that of the patient is also available. Overseas treatment in recognized hospitals for an amount up to 75,000 per annum is also offered under the scheme.

Stay on top of NRI news with the WelcomeNRI.