New India Floater Mediclaim Policy & Benefits | PolicyX
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New India Flexi Floater Mediclaim Policy

New India Floater Mediclaim Policy offers comprehensive health insuran ...Read More

Up to 2 Crore
Sum insured
1
No. of plans
1800+
Pan India presence
90.73%
Claim settlement ratio
📄 Download brochure
🛡️ IRDAI Approved
⭐ 4.4/5 · 2,701 reviews
🏥 3,000+ hospitals
📊 1.91 solvency ratio
✅ 90.73% claim settlement
Written by Simran saxena
Reviewed by Raj Kumar
Published: 29 Oct 2024
Updated: 27 Jul 2026
Expert Verified
IRDAI Licensed

Overview

New India Floater Mediclaim by New India Assurance is a well-recognized insurance plan for comprehensive New India Health Insurance for yourself and your loved ones. With three optional covers and a multitude of benefits, New India Floater Mediclaim is an ideal health insurance plan. It offers facilities like cumulative bonus, over 100+ daycare procedures, AYUSH treatments, Critical Care benefits, and more. The plan covers individuals between 18 to 65 years, as well as dependent children from 3 months to 65 years, with sum insured options ranging from 2 to 15 lakhs.

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

New India Health Insurance

New India Health Insurance

This video talks about New India Health Insurance in detail. It talks about key features like Solvency Ratio, Claim Support Ratio which help an individual to analyze if the Insurer matches with his/ her requirements.

Exclusions

Permanent Exclusions

  • Hospitalization due to war, riot, strike, and nuclear weapons
  • Intentional self-injury
  • AIDS
  • Miscarriage and abortion
  • Congenital disease
  • Infertility and in vitro fertilization

Waiting Periods for Certain Diseases and Treatments

  • Listed ailments after 24/36 months
  • Pre-existing diseases after 36 months

Sample Illustration of New India Floater Mediclaim Policy

To understand how much premium one needs to pay, let us go through the below example wherein we have illustrated the sample premiums.

Premium per Individual

Sum Insured (in Rs.) Premium Payable
2 Lakh 2,636
5 Lakh 4,255
8 Lakh 5,268
12 Lakh 6,466
15 Lakh 6,925

Optional Cover - 1 (No Proportionate Deduction)

Sum Insured (in Rs.) Premium Payable
2 Lakh 1,418
5 Lakh 770
8 Lakh 646
12 Lakh 644
15 Lakh 458

Optional Cover - 2 (Maternity Expenses Benefit)

Sum Insured (in Rs.) Premium Payable
5 Lakh 5,000
8 Lakh 8,000
10 Lakh 10,000
12 Lakh 12,000
15 Lakh 15,000

Optional Cover - 3 (Revision In Limit of Cataract)

Sum Insured (in Rs.) Premium Payable
8 Lakhs 444
10 Lakhs 555
12 Lakhs 666
15 Lakhs 832

Plan at a glance

Eligibility, sum insured options and policy mechanics — pulled straight from the policy wording.

Entry age
18 to 65 Years
Plan type
Family
Sum insured options
₹2 L, ₹3 L, ₹5 L, ₹8 L, ₹10 L, ₹12 L, ₹15 L
Waiting period
30 days
Renewability
Lifelong
Policy term
1,2,3 Years

*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Cumulative Bonus
  • Newborn Baby cover
  • Critical Care Benefit

Cons

  • Illegal Activities
  • Adventure Sports
  • Self-inflicted Injuries

What's covered

A quick look at what this plan covers — and what it doesn't.

Hospitalization

  • Room rent Covered
  • ICU charges Covered
  • Pre-hospitalization Covered
  • Post-hospitalization Covered
  • Domiciliary hospitalization Not covered
  • Day-care treatment Covered
  • OPD charges Not covered
  • Covid-19 treatment Covered
  • Cataract Covered

Bonuses & restoration

  • No-claim bonus Covered
  • Automatic restoration of SI Not covered
  • Daily hospital cash Covered

Family & special care

  • Maternity cover Covered
  • New-born baby cover Covered
  • IVF treatment Not covered
  • AYUSH treatment Covered
  • Organ donor expenses Covered

Modern & preventive care

  • Modern treatment Covered
  • Road ambulance Covered
  • Air ambulance Not covered
  • E-consultation Not covered
  • Health check-up Not covered
  • Second medical opinion Not covered
  • Vaccination Not covered

Conditions & global

  • Co-payment Covered
  • Sub-limits Covered
  • Compassionate travel Not covered
  • Global coverage Not covered

New India Health Insurance Network Hospital List

New India Health Insurance Network Hospitals are present in 31 states nationwide. With a wide network of hospitals, New India Health Insurance ensures that you are medically secured, irrespective of the city you reside in.

Delhi Mumbai Bengaluru Chennai Kolkata Hyderabad Pune Ahmedabad Jaipur Lucknow

Know More About Network Hospitals →

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

  • Min entry age: 18 Years
  • Max entry age: 65 Years
  • Initial Waiting Period: 30 Days
  • Sum Insured: Up to 15 L

Frequently Asked Questions

The 5 most-asked questions about New India Flexi Floater Mediclaim Policy, answered.

An individual between the age of 18 to 65 years can invest in the New India Floater Mediclaim Policy along with dependent children between the age of 3 months to 25 years.
Individuals can cover entire families under New India Floater Mediclaim Policy such as self, Spouse, Dependent Children, and Parents.
Yes, hospitalization expenses are covered under New India Floater Mediclaim Policy up to S.I.
Yes, up to 10% of S.I. would be paid as Critical Care Benefit in case an insured life is diagnosed with a critical illness during the policy tenure.
Individuals can get treatment for over 130+ day care procedures under New India Floater Mediclaim.

Explore New India Health Insurance

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