Canara Bank is offering a health insurance policy in association with Bajaj Allianz – Amalgamated entity Canara Bank along with erst while Syndicate Bank has discontinued the Synd Arogya healthcare policy and offering another similar policy with Bajaj Allianz insurance company. Though the features of the new healthcare policy is similar to earlier Synd Arogya Policy which was offered in association with M/S United India Insurance Company Limited (UIICO) but comparatively at higher premium. Synd arogya policy was discontinued since 1st April 2020. Syndicate Bank had issued a public notice in this regard on their website here .
Read- Steps to Renew the Synd Arogya Policy Online
Canara Bank Health Insurance Policy – Features offered by Bajaj Allianz
| Features | Particulars |
| Sum Insured options | 50K/1/1.5/2/2.5/3/3.5/4/4.5/5 Lakhs |
| Plan Type | Floater |
| Family definition | Self/Spouse/Dependent Children/Dependent Parents or Parents-in-law |
| Entry Age eligibility Adult | 18 to 65 yrs |
| Entry Age eligibility Child | 91 days to 25 yrs |
| Renewal Age eligibility | Lifetime |
| Room Rent sub limit | Actual |
| ICU Sub limit | Actual |
| Day Care procedures | 182 Daycare procedures covered |
| Pre policy medical test | NA |
| Pre hospitalization | 60 Days |
| Post hospitalization | 90 Days |
| Ambulance expenses | Up to Rs. 1000 per policy period |
| Health Checkup | 1% of Sum Insured after 3 claim free years |
| Daily cash allowance | Only for single parent/Guardian accompanying an insured child below the age of 12 years |
| Maternity expenses | Up to 5% of Base Sum Insured |
| New born baby cover | Covered as part of Maternity Expense |
| Funeral Expense | Up to Rs. 1000 per policy period |
| Policy period | 1 year |
| PED waiting period | 36 months |
| Specific diseases waiting period | 24 months |
| 9 Specified disease waiting period | 48 months |
| Maternity waiting period | 9 months |
| 30 days waiting | Yes |
| Personal Accident Rider (Accidental Death Only) | Covered |
Canara Bank Health Insurance Policy – Premium Payment Rate Chart for Bajaj Allianz Health Insurance Policy
PLAN – A ( 1+3) [Self+spouse+2 dependent children] , GST Included
| Sum Insured | Premium |
| Rs 50,000 | Rs 3859 |
| Rs 1,00,000 | Rs 7458 |
| Rs 150000 | Rs 10932 |
| Rs 200000 | Rs 14075 |
| Rs 250000 | Rs 16827 |
| Rs 300000 | Rs 19675 |
| Rs 350000 | Rs 22130 |
| Rs 400000 | Rs 24594 |
| Rs 450000 | Rs 27061 |
| Rs 500000 | Rs 29522 |
Canara Bank Health Insurance Policy
PLAN – B ( 1+5) [Self+spouse+2 dependent children and parents / Parents in law] , GST Included
| Sum Insured | Premium |
| Rs 50,000 | Rs 6442 |
| Rs 1,00,000 | Rs 12451 |
| Rs 150000 | Rs 18237 |
| Rs 200000 | Rs 23465 |
| Rs 250000 | Rs 28115 |
| Rs 300000 | Rs 32767 |
| Rs 350000 | Rs 36849 |
| Rs 400000 | Rs 40933 |
| Rs 450000 | Rs 45019 |
| Rs 500000 | Rs 49103 |
The policy offered by Canara Bank is good but the premium is very high as compare to other companies in the market.