*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
Who would you like to insure?
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.
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 |
Here are the key benefits of purchasing a New India Floater Mediclaim plan:
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.
The New India Assurance Company offers cashless hospitalization facilities at more than 3000 network hospitals across the country.
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.
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 |
The New India Floater Meidclaim plan comes with the following inclusions:
The following coverage is excluded from the New India Floater Mediclaim plan:
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 |