#Virukipolicy | T&C*
Established in 1919 by Sir Dorabji Tata, the New India Assurance Company is a Multinational General Insurance Company. It operates in 28 countries at present with its headquarter based in Mumbai, India. When we talk about insurance products, the New India Insurance Company has multiple domains. The company provides insurance for motor, health, travel, rural, marine, etc.
So, among all the insurance plans, we will be discussing the Senior Citizen Mediclaim Plan offered under the health insurance domain of New India Assurance Company. It is being offered to senior citizens to support them financially in old age when they frequently meet medical situations. Let us explore more about the plan.
All senior citizen residents in India between the age of 60 years to 80 years are eligible to buy New India Senior Citizen Mediclaim Policy. The cover can be continued until 90 years of age subject to a condition that the policy is renewed on time and all the premiums are paid regularly.
Pre-acceptance Health Check-up
Pre-insurance health checkup is a mandate under the plan. The policy buyers need to undergo medical screening so that all the pre-existing diseases can be detected. The premiums are finalized accordingly.
The expenses of the medical tests are to be borne by the proposer. The health checkup expense is waived for the proposer who already has health insurance under the New India Assurance company.
Sum Insured Options
The New India Senior Citizen Health Insurance policy provides its policy buyers with the flexibility to choose among the following two sum insured options:
1. Rs.1 lakh
2. Rs.1.5 Lakhs
All the noticeable features of the New India Senior Citizen Health Insurance policy have been described henceforth:
|S. No||Name of Illnesses||Duration|
|1||Age-related osteoarthritis & osteoporosis||48 Months|
|2||Stone in the urinary system||18 Months|
|3||Joint replacement due to degenerative condition||48 Months|
|4||Unknown congenital internal disease||18 Months|
|5||Varicose veins and varicose ulcers||18 Months|
|6||Pilonidal sinus, sinusitis and related disorders||18 Months|
|7||Stone in the gallbladder and bile duct||18 Months|
|8||Any skin disorder||18 Months|
|9||Prolapsed intervertebral disc unless arising from an accident||18 Months|
|10||Piles, fissure and fistula in anus||18 Months|
|11||Non-infective arthritis||18 Months|
|14||Hernia of all types||18 Months|
|15||Gout & rheumatism||18 Months|
|16||Hysterectomy for menorrhagia/fibromyoma, myomectomy and prolapse of the uterus||18 Months|
|17||Gastric/ duodenal ulcer||18 Months|
|18||Diabetes mellitus||18 Months|
|19||Cataract & age-related eye ailments||18 Months|
|20||Benign prostate hypertrophy||18 Months|
|21||Benign ear, nose & throat disorders||18 Months|
|22||All internal & external benign tumours, cysts, polyps of any kind, including benign breast lumps||18 Months|
There are sub-limits applied to certain treatment under the New India Senior Citizen Mediclaim Policy. Here is a detailed description of the sub-limits applied to specific treatments.
|A||Up to 1% of the sum insured per day.|
Up to 2% of the sum insured per day.
Overall limit: 25% of the sum insured.
|B||Surgeon, anaesthetist, medical practitioner, consultants, specialists fees & nursing. expenses.||Overall limit: 25% of the sum insured.|
|C||Surgical appliances, medicines, drugs, diagnostic material and x-ray, artificial limbs, chemotherapy, anaesthesia, blood, oxygen, operation theatre charges, radiotherapy, cost of a pacemaker, cost of stents & implants.||Overall limit: 50% of the sum insured.|
|Name Of Disease||Maximum Charges(inclusive of the anaesthetist, doctor’s fees, room/ ICU/ OT charges/ surgeons, medicines, internal appliances and other charges incurred during the hospitalization period).|
|Kidney stone/ lithotripsy||Rs.13,000/-|
|Cataract with imported foldable lens||Rs.10,000/-|
|Hernia - ventral/ incisional||Rs.20,000/-|
The New India Senior Citizen Mediclaim Policy is available at affordable premiums. Here is a premium chart for your easy reference and comparison.
|Sum Insured||60 Years - 65 Years||66 Years - 70 Years||71 Years - 75 Years||76 Years - 80 Years|
The New India Senior Citizen Mediclaim Policy has been a great relief to the senior citizens. The plan has been highly liked by both- people serving their retirement and the people planning their retirement. According to policyholders, this plan has been a great support to them while fighting medical situations.
Yes, daycare treatment procedures are available under the plan.
Yes, there is loading applied under the New India Senior Citizen Mediclaim Policy on the following basis:
There is an initial waiting period of 30 days under the plan. Any disease diagnosed within the 30 days does not get covered under the plan. But the plan covers any injury due to accident during these 30 days.
No, you can buy the policy only for one-year policy tenure and you can get the policy renewed at the end of the first policy year.
Yes, portability facility is provided under the New India Senior Citizen Health Insurance policy.
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Last updated on 18-02-2020