Oriental HOPE (Health of Privileged Elders) Health Insurance

As mentioned, Health of Privileged Elders or HOPE policy covers medical expenses for specific diseases, illnesses and injuries. Under the same, the policy takes care of expenses related to room rent; boarding and nursing; ambulance services; fees of surgeon, anaesthetist, medical practitioner, consultants, or specialists; anaesthesia, blood, etc. The other key highlights in the list of inclusions comprises -

• Hospital admission longer than 24 hours
• 30 days pre-hospitalisation expenses
• 60 days post-hospitalisation expenses
• Domiciliary hospitalisation, maximum up to Rs. 20,000
• Cover specific diseases/illnesses/injuries including Accidental Injury, Knee Replacement, Cardio-Vascular Diseases, Chronic Renal Failure, Cancer, and others
• Room Rent expenses covered - 1% of sum insured
• I.C.U. expenses covered -2% of sum insured
• Compulsory co-payment of 20% on admissible claim amount
• Discount in premium for choosing Voluntary Co-payment
• No claim discount in premium - At the rate of 5%, subject to a maximum of 20%
• Coverage for Ayurvedic, Unani as well as Homeopathic treatment in govt. hospitals/colleges

HOPE (Health of Privileged Elders) is an ideal investment to make when you want extensive coverage at a low premium price. Rich in fruitful features, the policy not only frees you from financial concerns, but also gifts you peace of mind by providing a string of additional benefits. While buying HOPE policy, you should not ignore crucial elements like -

• Policy renewable for lifetime
• Coverage for pre-existing diseases - After a period of 24 months
• Allowed grace period - 30 days
• Free look period - 15 days from the date of policy receipt
• Easy claim settlement procedure
• Hassle-free policy portability 
• Cashless service through TPA only, limited to Rs. 1 Lakh
• Benefit of continuity extended, in case already insured with any mediclaim policy

The policy can be taken by any person aged 60 years and above.

Any person desiring to take new policy is required to submit listed medical reports required by the company. On acceptance of the proposal, 50% of the cost of the checkup is borne by the insurance company.

Yes, there is a no-claim discount of 5% subject to a maximum of 20% for every claim-free policy year.

Apart from the no-claim discount, there is also a discount in premium for opting voluntary co-payment.