The Bank of India (BOI), in partnership with National Insurance Company Ltd., offers two primary health insurance products for individuals and families. The documentation you mentioned—the Proposal Form and the Prospectus—are the two most important documents for starting and understanding your coverage.

1. National Parivar Mediclaim Policy

This is a Family Floater policy, meaning a single “Sum Insured” amount covers all family members included in the policy.

 

• Prospectus: This is the detailed guide that explains what is covered (In-patient treatment, AYUSH, Day Care) and what is not (standard exclusions).

  • Coverage Highlights: Includes 140+ Day Care procedures, ambulance charges, and pre/post-hospitalization expenses.

  • Renewal: Offers lifelong renewal and a cumulative bonus for every claim-free year.

• Proposal Form: The application document.

  • Key Requirement: You must provide details for up to 8 family members, including their medical history, BMI (Height/Weight), and two stamp-size photographs for each person.

2. National Mediclaim Policy

This is an Individual health policy. Each family member has their own dedicated Sum Insured amount.

• Prospectus: Outlines the specific benefits for the individual, such as the “Reinstatement of Basic Sum Insured” (if you exhaust your limit during a policy year) and modern treatment coverage (e.g., Robotic surgeries).

• Proposal Form: Similar to the Parivar form but focused on the individual risk assessment. It requires a detailed declaration of any pre-existing diseases (PED).

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Key Differences at a Glance

Feature	National Parivar Mediclaim	National Mediclaim Policy
Policy Type	Family Floater (Shared Limit)	Individual (Separate Limits)
Who is covered?	Proposer, Spouse, Children, Parents	Individual Proposer & Dependents
Sum Insured	Shared among all family members	Separate for each individual
Best For	Young families looking for cost-effective coverage	Families with elderly parents or high-risk individuals

Important Filing Instructions for BOI Customers:

1. Medical Check-ups: As per the 2026 guidelines, if any insured person is above 45 years of age or is opting for high sum insured/critical illness covers, a pre-policy medical check-up is usually mandatory.

2. TDS & Tax Benefits: Premium payments are eligible for tax deductions under Section 80D of the Income Tax Act. Ensure the payment is made through a digital mode (Cheque/Net Banking) to claim this benefit.

3. Submission: You can submit these forms at any Bank of India branch. If you are an existing BOI account holder, the bank can facilitate a “Direct Debit” for your annual renewals to ensure the policy never lapses.