New India Assurance Global Mediclaim Policy

New India Assurance Global Mediclaim Policy: Key Highlights

Coverage Offered 

The New India Assurance Global Mediclaim Policy covers the following medical expenses for the insured:

• Hospitalization expenses include private room accommodation, nursing charges, meals, operating room and other hospital services.
• Day Care treatment expenses for procedures and surgeries provided in a hospital
• Doctor's expenses for visits, examination, surgery or other treatment.
• Expenses incurred in the hospital medical services and treatments for lab analysis, anesthetics, X-Ray, pathology, ECG, and other similar tests and treatments
• Expenses related to the use of blood, oxygen, intravenous solutions and injections
• Expenses for air ambulance and ground transportation. 
• Donor expenses in case of organ transplantation.  
• Travel and accommodation expenses of the insured and one companion while traveling for treatment purposes up to the prescribed limit.
• Transportation expenses up to the prescribed limit of the mortal remain at the burial place in the event of the insured's death while receiving treatment for the covered illness.

Inclusions of the plan

Other the basic coverage, the New India Assurance Global Mediclaim Policy has the following inclusions: 

• The policy covers the following illnesses for an annual limit of USD 0.5/1 million per insured year.
• Primary treatment for certain cancers
• Coronary Artery Bypass Graft
• Neurosurgery
• Heart Valve Surgery
• Bone Marrow Transplant
• Living Organ Donor Transplant
• Medical second opinion for critical illnesses
• Treatment in World Leading Medical Centers outside India covered

Exclusions of the plan

No claim will be paid under the New India Assurance Global Mediclaim Policy under the following circumstances:

• Pre-existing conditions or diseases are not disclosed in the proposal form.
• Any illness or condition that was diagnosed within the first 90 days of the policy commencement.
• Any Congenital Internal or External Anomalies.
• Illness or injuries incurred as a result of war, acts of terrorism, floods and nuclear reactions.
• Illness or injury that is a result of hazardous sports or adventurous activities
• Illness incurred due to alcohol addiction or drug abuse.
• Injury arising due to attempted suicide or self-harm
• Any condition or disease caused as a result of AIDS or its treatment
• Expenses for prosthetics, cosmetic surgeries that are not a part of the treatment for the covered illness

For a complete list of exclusions, please refer to the policy documents.

Features & Benefits of the New India Assurance Global Mediclaim Policy 

Given below are the main features and benefits of the New India Assurance Global Mediclaim Policy plan:

• This product can be availed by a person who has a health insurance policy with a Sum Assured of Rs. 8 lakhs and above. 
• A savings of 5% will be offered in Premiums to the insured who has a health insurance policy with New India.
• 100% of pre-policy medical tests are mandatory for all applicants.
• There are 3 plan options under this policy-Plan A (Asia Treatment Plan), Plan B(Worldwide treatment plan), and treatment from WLMC(World Leading Medical Centers).
• The Sum Assured allowed for Plan A is USD 0.5 million (1 million Lifetime) and for Plan B is USD 1 million (2 million Lifetime). 
• There is a waiting period of 90 days for all the plan variants under this policy.
• The premium paid and the benefits received under this policy are eligible for tax deduction under section 80D of the Income Tax Act 1961*

*Tax benefit is subject to changes in tax laws

Eligibility Criteria 

Cancellation Terms of the Policy

• If the insured has fraudulently omitted relevant information for this policy, the company has the right to cancel the policy within 30 days after the company's access to such information.
• The insured may also choose to cancel the policy, in which case the company will allow a refund of premium at its short period rate provided no claim has been filed up to the date of cancellation.