New India Senior Citizen Mediclaim Policy

Overview

The New India Assurance Senior Citizen Mediclaim Policy is a comprehensive plan that provides many benefits, such as medical cover, cashless hospitalization, and coverage for numerous illnesses. With a claim settlement ratio of 90.73%, this policy covers almost every possible health issue that a person above the age of 60 can face.

The New India Assurance Senior Citizen Mediclaim Policy comes with an easy claim process and renewals, making the plan well-suited for senior citizens. New India Health Insurance for senior citizens covers pre-existing illnesses such as diabetes mellitus and hypertension with an additional premium payment.

The New India Senior Citizen Mediclaim Policy offers a range of sum insured options from ₹1 Lakh to ₹1.5 Lakh, with an entry age of 60 to 80 years. Policyholders can opt for coverage for themselves and their spouse under the New India Assurance Senior Citizen Mediclaim Policy.

New India Assurance Senior Citizen Mediclaim Policy Benefits

The New India Assurance Health Insurance for Senior Citizen Plan has multiple advantages that policyholders can avail after purchase.

• Tax Benefits

  The amount paid towards the premium of this plan is eligible for tax benefits under Section 80D of the Income Tax Act, 1961.

• Organ Donor Benefit

  Policyholders receive coverage for hospitalization expenses (excluding the cost of the organ) incurred by the donor during an organ transplant to the insured.

• Discounts

  The New India Assurance Senior Citizen Mediclaim Policy offers multiple discount options, including a 10% discount for a voluntary excess of ₹10,000 and a 10% Family Discount if the spouse is also covered.

• AYUSH Benefit

  Expenses incurred for Ayurvedic/Homeopathic/Unani Treatment are admissible up to 25% of the sum insured, provided the treatment is for an illness or injury.

• Ambulance Services

  The policy provides coverage for ambulance services, subject to a maximum of ₹1,000.

Exclusions

• Hospitalization due to war, riot, strike, and nuclear weapons
• Intentional self-injury
• AIDS
• Miscarriage and abortion
• Congenital disease
• Infertility and in vitro fertilization
• Listed ailments after 18 or 36 months
• Pre-existing diseases after 18 months

Sample Premium Illustration of New India Assurance Senior Citizen 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.