New India Asha Kiran Policy

New India Asha Kiran Policy: An Overview

The New India Asha Kiran Policy is designed for families who have only one girl child. The insurance includes hospitalization expenditure and personal accident cover to the spouse and Proposer.

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New India Asha Kiran Policy

Coverage Offered

The Sum Insured options under New India Assurance Asha Kiran Health Insurance are Rs 2 lakh, 3 lakh, 5 lakh, and 8 Lakh. They are two primary kinds of coverage: hospitalization expenses and accident cover for the Proposer and spouse. The details are as follows:

Hospitalization Expenditure:

This category covers the following expenses-

• Room rent, nursing charges and boarding up to 1% of the Sum Insured
• ICU up to 2% of the Sum Insured per day
• Fees for surgeons, anesthetists, consultants, specialists and medical practitioners
• For claims related to cataracts, the company’s liability is up to 10% of the Sum Insured or Rs 50,000 (whichever is less) per eye
• All hospitalization expenditure (including the cost of the organ) incurred for the donor concerning an organ transplant
• Charges related to blood, oxygen, operation theatre, surgical appliances, diagnostic materials, X-ray, dialysis, chemotherapy, radiotherapy, cost of a prosthetic device implanted during surgery, artificial limbs, X-Rays and medicines

Personal Accident Cover:

This category covers the following expenses-

• The accidental death of Proposer and spouse: 200% of the Sum Insured
• The accidental death of Proposer or spouse: 100% of the Sum Insured
• Perpetual total impairment of Proposer and spouse: 200% of the Sum Insured
• Perpetual total impairment of Proposer or spouse: 100% of the Sum Insured
• Damage of one limb and one eye or damage of both eyes and/or loss of both limbs of Proposer and spouse: 200% of the Sum Insured
• Damage of one limb and one eye or damage of both eyes and/or loss of both limbs of Proposer or spouse: 100% of the Sum Insured
• Damage of one limb/sight in one eye of Proposer and spouse: 100% of the Sum Insured
• Damage of one limb/sight in one eye of Proposer or spouse: 50% of the Sum Insured

Inclusions of this Plan

Alongside the extensive coverage facilities provided by New India Assurance Asha Kiran Health Insurance, the plan provides benefits that will help families mitigate the financial burden that accompanies a medical crisis. The benefits are as follows:

Hospital Cash Benefit: New India Assurance Asha Kiran Policy provides for the payment of hospital cash at 0.1% of the Sum Insured per day of the hospitalization that exceeds twenty-four consecutive hours.

Critical Care Benefit: If in the course of the New India Assurance Asha Kiran Health Insurance policy period, the company offers flat 10% of the Sum Insured as an additional benefit if the insured has any of the critical diseases, like, Cancer, Open chest XABG, Open heart surgery, Permanent stroke or coma, permanent kidney failure, bone marrow or major organ transplant, etc.

Exclusions of this Plan

New India Assurance Asha Kiran Policy does not cover the following heads of medical expenditure:

• Any pre-existing condition/disease before 48 months
• Any illness contracted by the insured during the first 30 days of the start date of the policy
• Specifies illness/disease before the 24-months wait period, like: cataracts, hernia, piles, hydrocele, gall bladder stones, varicose veins, Fibromyoma, Myoma, etc., as mentioned in the policy document

*Kindly refer to the official policy document for the complete list of exclusions.

Features and Benefits of the New India Assurance Health Insurance

This particular New Indian Assurance Health Insurance provides the insured and his loved ones with several additional benefits:

• The plan covers a comprehensive list of day-care treatments (treatments done within24-hours).
• Premium Payments are entitled to a deduction from taxable income following 80D of the Income Tax Act.
• The insurer covers ambulance charges up to 1% of the Sum Insured or actual, whichever is the lower amount.
• In the case of Ayurvedic/Homeopathic/Unani treatment, the company takes liability for 25% of the Sum Insured, provided the treatment is being carried out in recognized hospitals and institutions.
• The policy assures cashless hospitalization, ensuring hassle-free discharge.

Eligibility Criteria

The minimum eligibility criteria to buy this plan are as follows:

Cancellation of the Policy

The insured can cancel the policy subject to the following terms:

• The refund will not be proportionate to the unexpired term of the policy.
• The refund will be made if no claim has been made or paid under the policy.
• The refund will be according to the short period table stated in the policy wordings.