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New India Assurance Mediclaim
New India Assurance Mediclaim Policy
New India Assurance is one of the biggest and oldest general insurance companies in India with the largest number of offices in India and overseas. The New India mediclaim insurance is more popular than any other health insurance policy in India. This mediclaim policy of 2007 is a complete health insurance policy for the entire family and covers medical expenses incurred by any insured person of the family.
Key Features of New India Assurance Mediclaim Policy
Existing policy holders can continue to renew their mediclaim policy till lifelong
The policy offers an attractive discount in premium for family cover
Loyalty Discount is offered on continuous policy renewal
Good Health Discount is provided for claim free years
Cost of Health Check up is also provided after a certain period of time
What is covered in New India Assurance Mediclaim Plan?
Expenses incurred during hospitalisation for the treatment of illness or any injury
Pre-hospitalisation expenses are covered for 30 days
Post hospitalisation expenses are payable for 60 days after being discharged
Policy covers day-care treatments and surgeries where 24 hour hospitalisation for the policy holder is not required.
Cost of hiring an Ambulance to shift the insured from his/her residence to the hospital
If the medicines of Ayurvedic / Homeopathic and Unani system are taken in the Government Hospital then the same is also covered
Additional Benefits of New India Assurance Mediclaim Plan
Pre-existing diseases are covered only after 4 continuous and claim free policy renewal
Pre-existing conditions like Diabetes, Hypertension and their complications are covered after 2 continuous policy years by paying additional premium.
Eligibility and Restrictions of New India Assurance Mediclaim Policy
Coverage Amount (in Rs.)
Policy Term (in years)
Entry Age (in years)
Renewable till Age (in years)
Family floater policy will cover
An individual and/or his spouse
Children between the age of 3 months and 18 years (provided parents are covered)
Tax Benefits in New India Assurance Mediclaim Policy
Premiums for health insurance paid up to Rs. 15,000 and Rs 20,000 for senior citizen are exempted from the taxable income under section 80D of the IT Act.
Exclusions - What is not covered in New India Assurance Mediclaim Policy?
Diseases contracted within first 30 days of policy issuance
Dental treatment except arising out of accident
Circumcision, Cosmetic surgery, Plastic surgery unless required to treat injury or illness
Cost of getting vaccination and inoculation
Expenses related to pregnancy and child birth
Any treatment done outside India
Any kind of Domiciliary Treatment
Expenses incurred on any kind of unproven or experimental treatment
All external equipments such as contact lenses, cochlear implants etc.
Sexually transmitted diseases and HIV (AIDS)
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