New India Floater Mediclaim Plan

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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

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      New India Floater Mediclaim Plan

      The New India Floater Mediclaim plan provides medical coverage against the emergency and planned treatments on a floater sum insured basis. It covers the medical expenses incurred on day care procedures, hospitalization, organ transplant, ambulance services, modern treatment and cataract surgery. The health insurance policy also offers coverage for critical illnesses, genetic diseases, congenital diseases, maternity expenses and mental illnesses.

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      New India Floater Mediclaim Plan: Key Highlights

      Categories Specifications
      Sum Insured Rs 2 lakh to Rs 15 lakh
      Policy Tenure 1 year
      Network Hospitals 3000+
      Incurred Claim Ratio (2020-21) 92.79%
      Pre-policy Medical Check-up Required for people above the age of 50 years
      Pre-existing Diseases Waiting Period 4 years
      Discount Up to 15% family discount
      10% digital discount

      Benefits of New India Floater Mediclaim Plan

      Here are the key benefits of purchasing a New India Floater Mediclaim plan:

      Cumulative Bonus

      On every claim-free renewal, the sum insured will be increased by 25% without any increase in the premium amount. A maximum cumulative bonus of 50% is granted to the policyholder.

      Cashless Hospitalization

      The New India Assurance Company offers cashless hospitalization facilities at more than 3000 network hospitals across the country.

      Tax Benefits

      The premium paid for the New India Floater Mediclaim policy can be claimed for tax savings under Sec 80D of the Income Tax Act, 1961.

      New India Floater Mediclaim Plan Eligibility Criteria

      Take a look at the eligibility criteria for buying a New India Floater Mediclaim policy:

      Parameters Eligibility Criteria
      Minimum Entry Age Adult - 18 years
      Child – 3 months
      Maximum Entry Age Adult - 65 years
      Child – 25 years
      Coverage Type Floater
      Maximum No. of Relationships Covered 6
      Relationships Covered Self, spouse, dependent children, parents, siblings and wards 
      Renewability Lifetime

      Inclusions of New India Floater Mediclaim Plan

      The New India Floater Meidclaim plan comes with the following inclusions:

      • In-patient Hospitalization Expenses
      • Pre-hospitalization Expenses
      • Post-hospitalization Expenses
      • Day Care Procedures
      • Medical Expenses for Organ Transplant
      • Cataract Surgery
      • New Born Baby Cover
      • Ayurvedic/ Homeopathy/ Unani Treatments
      • Hospital Cash
      • Critical Care Benefit
      • Ambulance Charges
      • Congenital Diseases
      • Impairment of Person’s Intellectual Faculties
      • Artificial Life Maintenance
      • Treatment for Mental Illness, Psychological Disorders, Stress and Neurodegenerative Disorders
      • Puberty and Menopause-related Disorders
      • Age-related Macular Degeneration (ARMD)
      • Behavioural and Neuro Developmental Disorders
      • Genetic Diseases
      • Modern Treatments

      Optional Covers:

      • Maternity Expenses Benefit
      • No Proportionate Deduction
      • Revision in Limit of Cataract

      Exclusions of New India Floater Mediclaim Plan

      The following coverage is excluded from the New India Floater Mediclaim plan:

      • OPD treatment
      • Dental treatment
      • Obesity/ weight control treatments
      • Treatment for alcohol or drug addiction
      • Domiciliary hospitalization
      • Hazardous or adventure sports
      • Intentional self-inflicted injury
      • Sterility and infertility
      • Cosmetic or plastic surgery
      • Treatments taken outside India
      • Unproven treatments
      • Venereal Disease

      New India Floater Mediclaim Plan Waiting Periods

      Here are the waiting periods applicable under the New India Floater Mediclaim plan:

      Category Waiting Period
      Pre-existing Diseases Waiting Period 4 years
      Diabetes/ Hypertension/ Cardiac Conditions 90 days
      Specific Illness Waiting Period 2 years/ 4 years
      Initial Waiting Period 30 days
      New Born Baby Cover 2 years
      Congenital Internal Disease 2 years
      Congenital External Anomaly 4 years
      Treatment for Mental Illness, Psychological Disorders, Stress and Neurodegenerative Disorders 4 years
      Puberty and Menopause-related Disorders 2 years
      Age-related Macular Degeneration (ARMD) 4 years
      Behavioural and Neuro Developmental Disorders 2 years
      Genetic Diseases 4 years
      Maternity Expenses Benefit  3 years
      Revision in Limit of Cataract 3 years

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      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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