New India Health Insurance: All you need to know

New India Health Insurance provides a basket of health covers and schemes for individuals, families, and groups. It is 100 % Government owned and one of the top insurance companies of India. The company also has a special health cover to safeguard families with only girl child.
New India Assurance has been a renowned name in the insurance sector since 1919 when it was founded by Sir Dorabji Tata. With its product range spread over almost 160 products, the company provides insurance to individuals, groups and medium and small enterprises. The company while headquartered in Mumbai has an office presence in over 22 countries. This gives the company a strong Indian as well as a global stronghold in the insurance sector.

The company has ‘AAA/Stable’ rating given to it by CRISIL which speaks volumes about the company’s financial solubility. An efficient claim disbursal system and grievance handling system makes New India Insurance a leader in all forms of insurance including health.

Salient features of New India Health Insurance include:

  • It has over 2,097 offices and 1,041 micro offices in India itself
  • Individuals between 5 and 80 years of age are eligible to be covered under the New India Assurance Health Insurance Mediclaim policy.
  • The Cancer Medical Expense Policy for the members of Indian Cancer Society and Cancer Insurance Policy for the members of Cancer Patients Aid Association is a unique product offered by New India Health Insurance.
  • New India Health Insurance overseas Mediclaim policy covers personal accident, loss of passport, loss of baggage, repatriation, and medical expenses.

Some of the top-selling New India Health Insurance Plans that provide extensive health coverage are:

  • New India Floater Mediclaim Policy
  • New India Asha Kiran Policy
  • New India Mediclaim 2012 Policy
  • New India Mediclaim 2007 Policy
  • New India Family Floater Mediclaim Policy
  • New India Assurance Janata Mediclaim Policy
  • New India Assurance Senior Citizen Mediclaim Policy
  • Union Health Care Policy
  • New India Assurance Mediclaim Top Up Plan

New India Floater Mediclaim Policy

This policy covers the health requirements of the family, which should consist of not less than two people, for the purpose of this policy. The coverage includes a minimum of two and a maximum of 6 family members that can be insured under it. The entry age eligibility criteria for taking this policy is 18-65 years, children over 90 days of age and less than 25 years, and parents with age not exceeding 60 years of age.

  • This New India Health Insurance Policy covers hospitalization expenses without a contingency of minimum 24 hours
  • The policy covers expenses for 30 days prior and 30 days after the hospitalization, including 2% of the sum insured on ICU, rented room, diagnosis, etc.
  • Organ transplant excluding the cost of the organ is covered under this health plan.
  • This plan allows for 11 critical illnesses like cancer, multiple sclerosis, heart attack etc to be treated
  • The plan provides 25% of total sum insured for treatment through Ayurveda or Homeopathy
  • There is a waiting period of 30 days before treatment starts and a wait of 48 months for pre-existing diseases.
  • Exclusions to the policy are AIDS, mental disorder, cosmetic surgery, the act of terrorism, and self-injury 

New India Asha Kiran Policy

This New India assurance Health Insurance scheme is basically a Mediclaim policy that covers a family consisting of only girl child/children. The policy has two variants: personal health insurance of family floater that includes the insured, his /her spouse and 1-2 daughters within the age bracket of 3 months to 25 years. The eligible age for this plan is between 18-65 years.

  • An expense of 2% of sum assured for ICU etc is covered under this policy and it also includes room charges and nurses
  • The policy covers expenses for 30 days prior and 60 days after the hospitalization
  • This policy covers special accident related privileges like death due to accident and disability for life
  • Organ transplant excluding the cost of the organ is covered along with some listed health conditions like Appendectomy, Nephrotomy, Lithotripsy, etc which are day procedures.
  • This plan allows for 11 critical illnesses like cancer, multiple sclerosis, heart attack, permanent limb paralysis etc to be treated.

New India Assurance Health Insurance Mediclaim policy for Senior Citizens

This health plan by New India Health insurance provides a health cover to the most important section of the society and that is the senior citizens’ category. The insured under this policy must be between the age brackets of 60-80 years.

  • The plan includes hospitalization expenses like nurse car, room rent, and ICU expenses 
  • Since travel is one of the key concerns of the elderly, this scheme covers the ambulance expenses
  • The plan provides 25% of total sum insured for treatment through Ayurveda, Homeopathy or Unani form of medicine
  • Expenses incurred over the treatment of pre-existing diseases are covered after a cooling period of 18 months since the start of the policy 
  • This New India Health insurance plan is eligible for deductions up to INR 20,000 under Sec 80D of the IT Act
  • Exclusions consist of cosmetic surgery, pregnancy, AIDS, etc.

 

New India Group Mediclaim Policy

New India Health Insurance plans do not only cater to families or individuals but they also provide health cover to groups through this policy. The term group here can comprise your family or even your employees.

 

 

  • Organ transplant excluding the cost of the organ is covered under this New India Health Insurance Plan.

 

    • The plan provides 25% of total sum insured for treatment through Ayurveda, Homeopathy or Unani form of medicine

 

  • Ambulance fee up to 1% of the sum insured is payable under this plan
  • Treatment for day procedures also fall under the purview of this New India Health Insurance Policy

 

  • Hospitalization benefits under this scheme include rented hospital room (1% of the sum insured), Intensive Care Unit (2% of the sum insured), blood, oxygen and anaesthesia, nurse and specialist fees.
  • The policy covers expenses for 30 days prior and 60 days after the hospitalization
  • Under this policy, maternity benefits up to Rs. 20,000 in case of normal delivery and up to Rs.50,000 in case of caesarean delivery are also covered 
  • The insured can avail the benefit of cashless hospital facilities through this health cover.

*All the above plans are only a few of the New India Health Insurance Policy products being offered by the company.