Insurance

At Shivalik Bank, we secure what’s important to you.We provide a range of insurance policies, which are tailored to provide you with lucrative benefits and cater to all your needs ranging from motor, fire, home, marine, health, travel, accident and other miscellaneous forms of non-life insurance.

We aim at securing the happiness of your family with customized general insurance policies by Oriental Insurance Co Ltd. and ICICI Lombard General Insurance Co. Ltd. Check out the innumerable insurance benefits under these policies. We have listed some policies with their features and benefits. For more, please visit www.orientalinsurance.co.in or www.icicilombard.com.

HAPPY FAMILY FLOATER POLICY PLANS BY ORIENTAL INSURANCE

  • SILVER: Silver offers sum insured slabs of 1 to 5 lacs and is subject to 10% co-pay.
  • GOLD: Gold offers sum insured slabs of 6 to 10 lacs. This plan offers as an inbuilt cover daily cash allowance and attendant allowance up to limits specified.

POLICY BENEFITS

  • Sum insured floats over the entire family who are also the beneficiaries.
  • No medicals required for a person upto age of 50 yrs.
  • Personal Accident cover is offered as an add-on cover.
  • A discount of 5% on the premium in respect of each claim free year subject to maximum of 20% shall be allowed provided the policy is renewed with the company without any break.

OTHER IMPORTANT INFORMATION

  • Hospitalization expenses are covered upto specific limits.
  • Pre-existing conditions covered after four consecutive renewals.
  • In case any claim is admitted under the policy where no claim discount has not accrued or earned a loading shall be levied on the renewal premium @ 5% for each claim occurred subject to maximum of 20%.

MOTOR INSURANCE BY ORIENTAL INSURANCE CO. LTD

With Oriental Motor Insurance policy, we got your ride secured and covered with our protective measures and some great benefits. Check out the benefits of our motor insurance policy:

POLICY BENEFITS

  • Protection against physical damage from natural calamities like fire, explosion, earthquake, hurricane, cyclone, hailstorm, frost etc.
  • Protection against bodily injury from theft, burglary, riots, terrorist activity, any damage from transit in rail, road, elevator or air.
  • Protection against third part liability resulting in death or permanent injury of a person, including damages caused to the property surrounding the vehicle.

OTHER IMPORTANT INFORMATION

The Oriental motor Insurance does not cover all these points

  • Normal wear and tear including the general ageing of the vehicle
  • Depreciation of the vehicle
  • Mechanical/ electrical breakdown of the vehicle
  • Any damage due to war, nuclear risk or mutiny

HEALTH INSURANCE POLICY BY STAR HEALTH AND ALLIED INSURANCE COMPANY

If health is wealth, its high time you take preventive measures to ensure that you are protecting both at the same time. Nowadays, insuring yourself and your family is synonymous to insuring your family’s overall happiness. Make a wise decision and get your health insured with our attractive health insurance policies. The Bank is the corporate agent for Star Health & Allied Insurance Co. Ltd.

FAMILY HEALTH OPTIMA PLAN

Having a network of more than 6000 hospitals across India, we guarantee a faster and a hassle free claim settlement with no third Party Administrator and a direct in-house claim settlement.

Eligibility

  • Insurer should be between 18 – 65 years of age.
  • Children can be covered from 16th day onwards.
  • Persons above 50 years will be required to undergo pre-acceptance medical screening at the Company nominated centers, cost of which is currently borne by the Company.
  • Pre-existing diseases/illnesses are covered after 48 months of continuous Insurance without break with any Indian Insurance Company.

Important Policy features

  • Limited Bonus: Bonus in respect of a claim-free year of insurance is allowable upto the limits specified. The bonus so granted will be reduced in the same order in which it was given following a claim. However the Basic sum insured shall not be reduced.
  • Additional indemnity: Allowable upto specified limits, when the sum insured under the policy is exhausted / exceeded.
  • Floater Basis policy: The sum insured floats among all family members(self, spouse and dependent children not exceeding three in number)
  • Tax Benefits relief: The amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D of the Income Tax Act.
  • Automatic Restoration of Sum Insured: There shall be automatic restoration of the Basic Sum Insured immediately upon exhaustion of the limit of coverage during the policy period subject to the limits specified which can be utilized, during the remaining policy period, for any other illness / diseases unrelated to the ones for which claim/s has /have been made.
  • Renewable Policy: This policy can be renewed anytime during the lifetime of an insurer. *Free look cancellation* is not applicable at the time of renewal.

Key Benefits

  • More than 400 Day Care procedures
  • Coverage for expenses incurred towards cost of Health Check up
  • Coverage for delivery of a new born baby
  • Coverage for domiciliary hospitalization treatments
  • Covers Donor expenses for organ transplantation
  • Hospitalization cover protects the insured for in -patient
  • Cover Hospitalization expenses for a minimum of 24 hrs. (Room rent, nursing, boarding charges, cost of surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees, Anesthesia, Blood, Oxygen, Operation Theatre charges, Cost of Pacemaker, Cost of Medicine and drugs etc.)
  • Ambulance charges for emergency transportation upto a sum of Rs.750/- per hospitalization and overall limit of Rs.1500/- per policy period.
  • Pre Hospitalization expenses up to 60 days prior to admission in the hospital and Post Hospitalization expenses up to 90 days after discharge from the hospital.

Senior Citizen Red Carpet Health Insurance Policy

It’s not too late; you need your Insurance cover now more than ever!!

After a certain age, it becomes mandatory to take preventive measures to cover your health expenses in the near future after. Having a network of more than 6000 hospitals across India, we guarantee a faster and a hassle free claim settlement with no third Party Administrator and a direct in-house claim settlement.

Eligibility

  • The insurer can be between 60 and 75 years of age.
  • The sum insured is per individual member covered.

Important Policy Features

  • Coverage of Pre-Existing Diseases/Illnesses: They are covered after 12 months of continuous Insurance with any Indian Insurance Company where the person has been availing treatment for the diseases.
  • Pre-Acceptance medical screening: There is no pre-acceptance medical screening.
  • Tax Benefits Relief: The amount paid by any mode other than by cash for this insurance is eligible for relief under Section 80D of the Income Tax Act
  • Co-Payment: 30% for other than claims for Pre-Existing Diseases and 50% for Pre-Existing Diseases claims.

Key Benefits:

  • Cover Hospitalization expenses for a minimum of 24 hrs. (Room rent, nursing, boarding charges, cost of surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees, Anesthesia, Blood, Oxygen, Operation Theatre charges, Cost of Pacemaker, Cost of Medicine and drugs etc.)
  • Ambulance charges for emergency transportation to hospital as per pre-specified limits.
  • Post-hospitalization paid as lump sum upto the limit specified.
  • Specific day-care procedures covered.
  • Sub-limits applicable for specified illness.

For more details kindly visit www.starhealth.in

Note* A free look period of 15 days from the date of receipt of the policy is available for reviewing the policy terms and conditions. In case insured is not satisfied he can seek cancellation of the policy and in such event the company will allow refund of premium after adjusting the cost of pre-acceptance of medical screening, stamp duty charges and proportionate risk premium for the period concerned provided no claim has been made until such cancellation.

LIFE INSURANCE POLICY BY LIC AND BAJAJ ALLIANZ

Amidst the busy lives we are leading, we forget the unpredictability which life brings with it. Your life is more precious than you know and insuring your life with the right policy not just entails you with the right benefits but also offers your family with protection from any upcoming financial crisis.

Shivalik Bank has joined hands with the LIC of India and Bajaj Alliance to offer its clients, policies with highly attractive benefits. An insurance adviser will come to your house at your convenience and based on your needs and requirements.

How to decide upon the right policy?

  • Know how much cover you currently have and how much more you would need.
  • Know your current expense on Insurance policies.
  • Know when do you want to get your money back depending upon your future requirements.
  • Do your research in advance before you decide which policy you should go for.

For more details kindly visit www.licindia.com or www.bajajallianzlife.com