Is Health Insurance New India Assurance Suitable for My Needs?

Yes, the policy is most suitable for your health needs. The Health Insurance New India Assurance policy covers all your hospitalization, pre-hospitalization and post-hospitalization expenses along with several other benefits. Today in this post you will learn what are the Health Insurance New India Assurance benefits and what you will get out of it, if you invest and what to invest. So read and know more about it!

Benefits from Health Insurance New India Assurance

The New India Assurance Co. Ltd. is liable for all claims admitted during the Insurance period, and it will be only up to the Sum Insured for which you are covered as per the policy schedule. In respect of the terms and conditions of Health Insurance New India Assurance, you will get a Cumulative Bonus. The company will pay for the following expenses:-

1. Room Rent, boarding and nursing from Hospital not exceeding 1.0 % of your policy Sum Insured (per day without Cumulative Bonus)
2. Intensive Care Unit (ICU) or Intensive Cardiac Care Unit (ICCU) expense not exceeding 2.0 % of your policy Sum Insured (per day without Cumulative Bonus)
3. Surgeon, Anesthetist, Medical Practitioner, Consultant and Specialist fees
4. Anaesthesia, Blood, Oxygen, Operation Theatre fee, Surgical Appliances, Medicines and Drugs, Dialysis, Chemotherapy, Radiotherapy, Artificial Limbs, implanted prosthetic devices (during Surgery like a pacemaker), Relevant Laboratory and Diagnostic test, X-Ray and other medical expenses.
5. Cataract for each eye not exceeding 20% of the Sum Insured subject to a maximum of INR 50,000.

In cumulative bonus, the Sum Insured under the policy shall be increased by 25% at each renewal in respect of each claim-free year, subject to a maximum of 50%. If a claim is made in any particular year; the cumulative bonus may be reduced at the same rate at which it has occurred.

Also, the cumulative bonus will be lost if the Health Insurance New India Assurance policy is not renewed before or within 30 days from the date of expiry. If your sum insured is reduced at the time of renewal, the applicable Cumulative Bonus shall be reduced in proportion to the sum insured.

Get Hospital Cash From Health Insurance New India Assurance

Those who are Insured Persons under this policy and their Sum Insured is more than or equal to INR three lakhs, the insurer will pay Hospital Cash at a rate of 0.1% of the Sum Insured per day of Hospitalization. The payment of Health Insurance New India Assurance policy hospital cash benefit for any illness shall not exceed 1% of the Sum Insured. 

The payment for hospital cash is applicable only where the period of Hospitalization exceeds twenty-four consecutive hours. Payment of hospital cash will reduce the Sum Insured amount. And it will be payable for completion of every twenty-four hours hospitalization and not part thereof.

FREE Medical Check-up

You are also entitled to reimbursement of the cost of Medical check-up at the end of a block of every three Claim Free Years. For such benefit, the insurer payment is restricted to INR. 5,000 or 1% of the average Sum Insured in the preceding three years, whichever is less. This Health Insurance New India Assurance benefit is available only once in three years. And payment under this is not considered as a claim for the purpose of this policy.

Ambulance Payment Under Health Insurance New India Assurance

The insurer pays you the charges for Ambulance services not exceeding 1% of the Sum Insured, where it is reasonable and Medically Necessarily for shifting you to Hospital in Emergency Ward or ICU, or from one Hospital to another Hospital for better medical facilities.

No payment is made for any incurred hospitalization expenses unless it is a part of the Hospital Bill. However, the direct bills raised by Surgeon, Anaesthetist aren’t included in the Hospital Bill, you must provide a numbered Bill to support thereof.

For a claim amount not exceeding INR 10,000 payment is made in cash and for a claim amount not exceeding INR 20,000 payment is made by cheque.

So, buy the Health Insurance New India Assurance plan from The New India Assurance Co. Ltd. and make your future risk free. You can cover your family members this one policy, with separate Sum Insured for each person. Now make a plan for your future with The New India health insurance plan.