New India Assurance Company has launched this family floater mediclaim plan to protect your loved ones under a single sum insured.  It is an economic plan as the coverage is provided to you, your spouse and 2 dependent children under a single plan.  

Features & Benefits of New India Assurance Family Floater Mediclaim Plan

Here is a quick rundown of the benefits and features of this plan:

  • Cumulative bonus benefit
  • Premium is calculated on the basis of geographical location and age where you are undergoing the treatment
  • Anyone between the age group of 18 years and 60 years can buy this plan.
  • Income Tax Benefit under Sec80/D of IT Act
  • It insured you, your spouse and dependent children (maximum two)
  • Please note that coverage is not extensible to in-laws even if they are residing with the insurer
  • Premium is based on the age of the eldest family member
  • 50% loading is applicable in case the spouse is covered. And 25% loading is applicable for each dependent child

Inclusions of New India Assurance Family Floater Mediclaim Plan

  • 30 days of pre-hospitalization expenses and 60 days of post-hospitalization expenses are given a cover. The hospitalization duration should be more than 24 hours
  • Expenses on day-care treatment where 24-hour hospitalization is not recommended are also covered up to a specified limit
  • Ambulance charges are recompensed up to the specified limit
  • Ayurvedic / Homeopathic and Unani treatment are covered and 25% of Sum Insured will be compensated. The treatment should be done in a government hospital
  • Coverage of pre-existing diseases after 4 years of continuous claim free renewals
  • Pre-existing conditions like diabetes, hypertension, and other related complications are given a cover post 2 years of uninterrupted insurance services. Additional premium needs to be paid for the same. 

Exclusions of New India Assurance Family Floater Mediclaim Plan

  • Diagnosis or treatments within 30 days of the policy purchase  
  • Dental treatment until required in case of accidental injuries
  • AIDS, STDs, and HIV (AIDS)
  • Cosmetic and plastic surgeries lest required for treatment of any illness or injury
  • Vaccination and Inoculation expenses
  • Pregnancy and childbirth complications
  • Injuries or illness resulting from war conditions, radiation, nuclear attacks and any act of terrorism
  • Treatment that was taken overseas
  • Naturopathy treatment
  • Domiciliary treatment or expenses or any treatment that was taken outside the hospital
  • Treatment that was taken without consultation of a medical practitioner
  • The cost incurred on external equipment’s like contact lenses, spectacles, etc.

Sum Insured

  • Minimum Coverage Amount is INR 2 Lacs
  • Maximum Coverage Amount is INR 5 Lacs

Age Criteria to Buy New India Assurance Family Floater Mediclaim Plan

  • Minimum entry age is 18 years and maximum of 60 years
  • Children between the age group of 3 months to 18 years can be covered if either or both the parents are insured
  • Extension after 60 years of age is possible in case of uninterrupted insurance

Claim Procedure of New India Assurance Family Floater Mediclaim Plan

If the treatment is taken in a non-network hospital then you need to follow the below mentioned procedure:

  • Right before the hospitalization , you need to immediately notify the TPA about the diagnosis of the illness
  • In case of an urgent situation, try to inform the insurance company at least within 2 hours of the hospitalization. You will need to provide –
  • Medical receipts, hospital invoices, hospital admission, and discharge proof
  • Lab reports (required as part of the treatment)
  • Medical prescriptions
  • Doctor’s certificate validating the nature of surgery, treatment, and operation
  • In-hospitalization receipts of room charges, doctor consultation fees and also blood, anesthesia charges
  • Post-hospitalization expenses can be compensated if you submit all the essential documents within 7 days of discharge

Cashless treatment is available in network hospitals. Once your claim is approved you can avail the treatment by furnishing the proof of your medical Insurance policy.

Written By: PolicyBazaar - Updated: 09 January 2020
5,020,359 Confirmed Cases in India*
34,478,590 Confirmed Cases worldwide*
931,582 Confirmed deaths worldwide*
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 0 Reviews)

Top Articles

Top Maternity Insurance Plans

Top Maternity Insurance Plans

Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood. Though rearing a child is an expensive affair and may require good financial backup to meet the requirements of a growing baby. From ho...
Health Insurance for Parents

Health Insurance for Parents

Are you planning to buy health insurance for your parents? Well, the Indian Insurance market is currently flooded with healthcare plans specifically designed for senior citizens or elderly parents above 60 years. And many insurance providers also o...
Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

There has always been a doubt in customers mind about whether the private company will keep its side of the bargain i.e. it will settle the claim or not. A customer spends premium annually which will cover his medical expenses but there’s always ...
Best Health Insurance Plans for Senior Citizens in 2020

Best Health Insurance Plans for Senior Citizens in 2020

Considering the increasing percentage of medical inflation in India, it has become an absolute necessity to buy adequate health insurance for your loved ones. And if they are your elderly parents, then it is all the more imperative to get them medi...
Here’s the Difference between Health Insurance and Mediclaim

Here’s the Difference between Health Insurance and Mediclaim

Imagine you’re looking for a job change. You get an interview call for a job. What will be your plan of action? Will you get your resume ready and prepare for the interview or you will try to extract all the possible information about the job pro...
Download the Policybazaar app
to manage all your insurance needs.