New India Assurance Mediclaim Policy

(42 Reviews)
Highlights

*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

Back
Get insured from the comfort of your home
Get insured from the comfort of your home
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    Continue
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Previous step
    Continue

      Popular Cities

      Previous step
      Continue
      Previous step
      Continue

      Do you have an existing illness or medical history?

      This helps us find plans that cover your condition and avoid claim rejection

      Get updates on WhatsApp

      What is your existing illness?

      Select all that apply

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium

      New India Assurance Mediclaim Policy

      New India Assurance Health Insurance offers several versions of health insurance to benefit the individual and its family. New India Assurance Mediclaim Policy delivers comprehensive coverage to the members, who can be a part of the extended family of the insured or employees of an organization.

      Read More

      New India Assurance Mediclaim Policy: Key Highlights

      Sum Insured

      Rs 1,2,3,5,8,10,12 & 15 lakh

      Renewal SI

      Rs 4, 6,7 lakh

      Cumulative Bonus

      25%-50%

      Policy Tenure

      1 year

      Renewability

      Lifelong

      Pre-existing Illness Cover

      After 48 months

      Free Health Check-up

      Every 3 claim-free years

      Scope of Coverage Offered

      The policy provides an eclectic coverage to the insured to opt for hospitalization anywhere in India. The base coverage in the New India Assurance Mediclaim Policy Health Insurance is described below.

      • In-Patient Hospitalization Cover: The insurer promises to indemnify all medical expenses incurred during hospital treatment with a minimum 24-hour stay.
      • Pre and Post Hospitalization Expenses Cover: The indemnity extends to the incurred expenses associated with hospitalization before and after the discharge.
      • Daycare Hospitalization Cover: The policy covers the cost of 139 daycare procedures and surgeries requiring less than 24 hours of hospital stay.
      • Organ Transplant Cover:  Indemnity for an organ transplant is available subject to the stipulations in the policy schedule.
      • Alternative Treatment Cover: The insured is free to opt for AYUSH treatment in any Government Hospital or recognized institute. The cover amount is limited to 25% of the sum insured.

      Inclusions of the Plan

      Apart from the basic coverage, the policy also includes the following expenses:

      • Accommodation Limits: The room rent cover should not exceed 1% of the sum insured, while 2% for the ICU.
      • Ambulance Cover: It is limited to 1% of the sum insured.
      • Cataract Surgery: The insurer pays for the surgery for each eye up to 20%of the sum insured or Rs 50,000, whichever is lower.
      • Hospital Cash:  The insured is paid at the rate of 0.1% of the sum insured per day of hospitalization, subject to 1% of the sum insured in total.
      • Optional Cover:
      • No Proportionate deduction.
      • Maternity Expenses Benefit.
      • Revision of Cataract Limit.
      • Voluntary Co-pay.  

      Exclusions of the Plan

      Thorough knowledge of what is not covered in the policy is essential to buy New India Assurance Health Insurance, directly impacting the insured's claim settlement experience. The exclusions in this policy are in two categories – Waiting Period and Permanent Exclusions.

      • The waiting period denotes the defined time for the commencement of cover. Accordingly, the cover for pre-existing diseases starts after the expiry of 48 months, specific listed diseases after 24 months, and 30 days for all ailments, except accidental injury from the policy inception date.
      • Permanent exclusions, on the other hand, signify the conditions for the onset of the disease and injury for which the insurer is not liable. The list is elaborate, and it is sensible for the insured to consult the policy document for detail.

      Features & Benefits of the New India Assurance Mediclaim Policy

      The influencing factors to buy New India Assurance Mediclaim Policy are described below:

      • Sum Insured: The insured can choose from Rs 1, 2, 3, 5, 8, 10, 12, and 15 Lakh. The sum insured bands of Rs 4/ 6, and 7 Lakhs are not offered for new policies but open for renewal. The insured will be covered under a single dedicated sum insured.
      • Policy Term: It is one year with lifelong renewal after 65 years of age for uninterrupted coverage policies.
      • Cumulative Bonus: The enhancement rate for a claim-free year is 25% of the sum insured, subject to a maximum of 50%.
      • Health Check-up: The insured is entitled to the facility once for every three claim-free years.
      • Tax Benefit: The premium is tax-exempt under Section 80D of the Income Tax Act, 1961.

      Eligibility Criteria

      One will have to be aware of the following eligibility conditions to buy this policy:

      Type

       Family Policy

      Minimum Entry Age

      Child: 3 months

      Adult: 18 years

      Maximum Entry Age

      Child: 18 years

      Adult: 65  years

      The Number of people covered:

      Employer _ Employee Groups and Family without specifying numbers

      Residential Status

      Indian citizens residing in India.

      Cancellation Rules of the Policy

      The insurer may cancel the policy with a 15-day written notice on the grounds of moral turpitude or non-cooperation. The insured can cancel the policy within the 15-day free-look period to receive a refund as per the insurer's short period rate.

      FAQs

      Health insurance articles

      Recent Articles
      Popular Articles
      Should You Buy a Super Top-up Health Insurance Policy?

      18 Jan 2023

      India is abuzz with a variety of health insurance plans to cater
      Read more
      6 Reasons Why Your Cashless Health Claims Can Get Denied

      18 Jan 2023

      Cashless claims are one of the most lucrative benefits of buying a
      Read more
      Check Out the Mandatory KYC Documents for Health Insurance

      30 Dec 2022

      The Insurance Regulatory & Development Authority of India
      Read more
      What to Look for in a Health Insurance for Cancer Plan?

      20 Dec 2022

      Cancer is one of the biggest demons that the world faces today
      Read more
      What are the Factors Affecting Health Insurance Premium?

      20 Dec 2022

      Demand for insurance products in India, especially health
      Read more
      What are the Normal Thyroid Stimulating Hormone (TSH) Levels as Per Age?
      The thyroid gland is an important gland responsible to produce the right amount of hormones for normal body
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal
      Read more
      Income Tax Slab for Women: Guide to Exemptions and Rebates
      In India, every person who earns beyond a certain limit is liable to pay income tax to the government. The tax
      Read more
      Best Health Insurance Plans for Senior Citizens in 2023
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance
      Read more
      10 Major Benefits of Ayushman Bharat Yojana
      Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi
      Read more

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL