New India Mediclaim Policy (Cashless facility available)

New India Mediclaim policy is available to persons between the age of 18 years and 65 years. Children are also covered under the policy from age of 3 months to 25 years provided they are financially dependent. Lifelong renewal is available provided the policy is renewed on time. The Proposer can choose Sum Insured from INR 1,2, 3, 5, 8, 10, 12 and 15 Lakhs (4,6,7 Lakh Sum Insured bands are only available for renewals). Insured persons will be covered under a single dedicated Sum Insured.

Highlights of this Policy

  1. Cumulative Bonus @25% SI for claim free year with Max 50% of SI.
  2. Health Check Up for every 3 claim free years
  3. New Born Baby cover
  4. Cataract, up to 20% of Sum Insured or INR 50,000, whichever is less, for each eye.
  5. Expense incurred for Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy system of medicines are covered 100% of Sum insured.
  6. Medical Expenses for Organ transplant are payable.
  7. Ambulance Charges at the rate of 1% of the Sum Insured.
  8. Hospital Cash at the rate of 0.1% Sum Insured per day, up to a maximum of 1% Sum Insured.
  9. For Pre Existing Diseases Waiting period is 48 Months as per clause 4.1 of the policy document
  10. For specified diseases waiting period is 24 months as per clause 4.3.1 of the policy document
  11. 139 Day Care procedures are covered under this policy
  12. Optional Cover I: No Proportionate Deduction
  13. Optional Cover II: Maternity Expenses Benefit for Sum Insured 5 Lakhs and Above (Maximum of 10% of the average SI of the Insured Person in the preceding three years)
  14. Optional Cover III: Revision in Limit of Cataract (For 8 Lakhs & above SI revised limit for Cataract will be 10% of the Sum Insured)
  15. Optional Cover IV: If Voluntary Co-Pay of 20% is chosen then 15% discount on premium will be given on the premium payable for the Insured person
  16. Optional Cover V: For Non-Payable Items for covering consumables as per List I with additional premium for SI 8 L & above

PREMIUM CHART: (Please refer to the prospectus for optional covers premium)

Sum Insured (INR)PREMIUM FOR BASIC COVER (INR per annum) (GST Extra)
<3536–4546–5051–5556–6061–65>65
1,00,0002,8433,0104,8727,2709,38811,34013,020
2,00,0003,8634,0936,74910,17913,35017,75223,940
3,00,0004,2544,5097,49311,34814,98620,00128,155
4,00,0004,8925,1858,60913,03117,16822,88732,292
5,00,0005,6916,03410,00915,13919,90226,50537,478
6,00,0006,1476,51810,80716,34221,46128,56840,436
7,00,0006,6027,00211,60517,54423,02130,63343,393
8,00,0007,0587,48712,40318,74724,58132,69646,351
10,00,0007,9808,46514,01621,17927,73536,86952,333
12,00,0008,6769,20415,23623,01530,11640,02056,849
15,00,0009,83710,43717,26726,07834,08845,27664,382

* Kindly refer to policy clause/prospectus for detailed information

We wish to bring to your notice that the terms & conditions of "New India Mediclaim Policy (NIAHLIP23187V052223) shall be applicable for the all renewals falling due on or after 1st July 2023 and for Fresh Policies wef 1st April 2023

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