New India Assurance Renewal and Health Insurance 2023

New India Assurance health insurance – Your medical requirements are met by New India Assurance health insurance, which also protects you from rising medical expenditures. With lifetime renewability and various features, its plans provide pre/post-hospitalization coverage for you and your family at reasonable prices.

• Issued more than 1.5 million policies.
• The ratio of incurred claims: is 85.66%.
• Claim settlement ratio of 96.6%.
• Teams with a specific focus on claim resolution.
• Resolved complaints: 99.94%.
• operations in 28 different countries.

The largest general insurance provider in the nation is New India Assurance. Through its 1,200+ strong cashless hospital network and 24-hour claim help services, it serves millions of people throughout India.

New India Assurance Health Insurance Plans: Features & Benefits

• the Indian government owns it.
• Plans include coverage for you and your family.
• covers costs for associated medical expenditures for 30 days before hospitalization and 60 days following hospitalization.
• Following the waiting period of 4 years, pre-existing conditions are covered.
• Covers health exam fees after three years without filing a claim.
• Rating from CRISIL: AAA/Stable.
• 3,000+ locations across India

New India Health Insurance Plans

1] New India Asha Kiran

• intended for parents of just one girl.
• accessible to those between the ages of 18 and 65.
• A single sum insured can protect you and your entire family (Floater).
• gives the proposer and spouse insurance against unanticipated healthcare bills and accident coverage.
• The coverage pays for lodging and board, nursing costs, and other costs up to 1% of the total amount insured every day.
• includes the costs paid to surgeons, anesthetists, doctors, consultants, and specialists.
• Hospitalization costs associated with an organ transplant for the donor, excluding any organ costs.
• The insured person is not covered for any hospitalization due to illnesses, afflictions, injuries, or associated conditions for which they had symptoms, were diagnosed, got medical advice, or were being treated for a condition or disease.
• Certain childcare procedures (procedures completed within 24 hours) are covered.
• All members joining for the first time beyond the age of 50 must take a pre-acceptance exam.

2] New India Cancer Guard Policy

• accessible to everyone between the ages of 3 months and 65.
• Options for the insured amount range from 5 to 50 lakh rupees.
• includes common medical procedures including surgery, radiation, chemotherapy, and organ transplant.
• includes cutting-edge therapies such as proton therapy, customized and targeted therapy, hormone therapy or endocrine manipulation, immunotherapy (including immunology drugs), stem cell transplantation, and bone marrow transplantation.
• includes rent for the room, boarding costs, and nursing costs.
• There are 58 childcare practices listed.
• If an insured person receives a cancer diagnosis for the first time and is in stage 4, 50% of the sum insured is paid as a critical care benefit in addition to the admissible claim amount.
• a 90-day waiting period
• Up to 10,000 rupees is reimbursed once throughout the insurance term for post-treatment follow-up.
• No medical checkup is mandatory.

3] New India Floater Mediclaim Policy

• accessible to those between the ages of 18 and 65.
• If a child is financially dependent, they can be covered from 3 months to 25 years of age.
• There can be a minimum of two and a maximum of six persons covered.
• Options for the insured sum include 2, 3, 5, 8, 10, and 15 lakh rupees.
• A single sum insured for hospitalization costs is available to all policyholders (on a floater basis).
• There are 139 childcare procedures included.
• 10% of the insured amount is the critical care benefit.
• No proportional deduction, maternity costs benefit for sums insured of at least 5 lakh rupees, and a revision to the cataract limit are add-on coverages.

4] New India Mediclaim Policy

• accessible to those between the ages of 18 and 65.
• If a child is financially dependent, they can be covered from 3 months to 25 years of age.
• Options for the sum insured include 1, 2, 3, 5, 8, 10, and 12 lakh rupees.
• A single allocated sum insured covers all insured persons.
• Waiting period for pre-existing conditions: 48 months.
• Treatments provided by ayurveda, homeopathy, and unani are covered by up to 25% of the insurance amount.
• There are 139 childcare procedures included.
• health checkup after three years without a claim.
• Additional covers
• There is no proportional deduction, maternity expenditures are covered for sums insured of at least 5 lakh rupees, the cataract coverage limit has been revised, and a 15% reduction on the premium is offered if a voluntary co-pay of 20% is chosen.

5] New India Premier Mediclaim Policy

• accessible to those between the ages of 18 and 65.
• If one or both parents are simultaneously covered, children from 3 months to 18 years old can be covered. Ages 18 to 25 can be insured as long as one or both parents are covered at the same time and they are financially reliant on them.
• Your entire family, including you, is protected (including your spouse, dependent children, and dependent parents).
• There can be a minimum of one and a maximum of six persons covered.
• Options for sums insured: 15–25 lakh rupees for Plan A, and 50–1 crore rupees for Plan B.
• The insurance covers real room and board, nursing, ICU, and ICCU costs.
• includes the costs paid to surgeons, anesthetists, doctors, consultants, and specialists.
• Hospitalization costs associated with an organ transplant for the donor, excluding any organ costs.
• Critical care benefit: If an insured person receives a first-time diagnosis, an extra benefit (above the allowed claim amount) of 2 lakh rupees for Plan A and 5 lakh rupees for Plan B will be provided.
• OPD coverage costs 5,000 and 10,000 rupees, respectively (After every block of two consecutive claims-free years).
• Maternity and child care benefit: The insurer’s financial responsibility is limited to 50,000 and 1 lakh rupees, respectively, for Plan A and Plan B charges (provided the insured mother has continuous coverage of thirty-six months).
• Treatments provided by ayurveda, homeopathy, and unani are covered by up to 20% of the insurance amount.
• All members joining for the first time beyond the age of 50 must take a pre-acceptance exam.

6] New India TOP-UP Mediclaim Policy

• provides security above and above any primary health insurance policy or benefit plan you may have.
• Only when one or all members’ total hospitalization costs (excluding pre- and post-hospitalization) reach the “Threshold” specified in the insurance policy (subject to the sum insured) does the policy become effective.
• Up to six family members may be covered by the insurance policy, which may be granted on an individual or floater sum-insured basis (you, your legal spouse, dependent children, and dependent parents).
• If one or both parents are simultaneously covered, children from 3 months to 18 years old can be covered. Ages 18 to 25 can be insured as long as one or both parents are covered at the same time and they are financially reliant on them.
• Waiting period for pre-existing conditions: 48 months.
• covers costs paid for inpatient hospitalization in India.
• Room rental, boarding, and nursing costs are limited to 5,000 and 8,000 rupees per day, respectively, for thresholds of 5 and 8 lakh rupees.
• includes the costs paid to surgeons, anesthetists, doctors, consultants, and specialists.
• Hospitalization costs associated with an organ transplant for the donor, excluding any organ costs.
• For anyone over 50 or with a negative medical or claims history, pre-acceptance health exams are necessary.

General Exclusions of New India Medical Insurance

• conditions that developed within the first 30 days of the insurance coverage.
• Dental care (save for injuries sustained in an accident), circumcision, plastic surgery, the cost of vaccinations and immunizations, and costs associated with pregnancy or delivery.
• expenses for experimental or therapies that are not yet proven.
• Any breach of law or participation in actual/attempted criminal, riot, crime, misdemeanor, or civil unrest.
• payment of damages for death or disability resulting from a suicide attempt, pregnancy, childbirth, war, nuclear hazards, ionizing radiation, radioactivity, HIV/AIDS, death from any disease, or owing to a natural cause.
• therapies carried out at home and outside of India.

Note: For information on exclusions related to certain policies or plans, please see full insurance product booklets.

New India Assurance Medical Insurance Premium

The cost of your New India health insurance depends on a number of variables, including your age, medical history, lifestyle choices, the amount covered, and the type of coverage you select.

By visiting the official website of New India Assurance, one may compare policies and plans. As an alternative, you may compare prices using well-known online insurance comparison websites like www.Quickinsure.com, which can streamline and expedite the process of purchasing medical insurance.

New India Assurance Health Policy Renewal & Purchase

By checking and comparing quotations online through insurance comparison websites like www.sktrending.com, one may apply for or renew health insurance coverage.

New India Assurance Health Insurance Review

Government-owned public sector direct insurer New India Assurance Company Limited was founded in 1919 and has a significant domestic and worldwide influence.

It offers a selection of affordably cost health insurance plans that may be customized based on tenure and the amount insured. It has outstanding financial standing and is frequently regarded as one of the safer solutions for claim settlements.

New India Assurance Health Policy: FAQs

Q: I already have life insurance. Do I need a health insurance policy?

You cannot use life insurance to cover your escalating medical costs. A health insurance policy safeguards you against unforeseen medical bills, gives you the ability to manage hospitalization, and covers your expenses.

Q: What is the difference between a mediclaim policy and a health insurance policy?

Only pre-specified diseases are covered by the Mediclaim policy against hospitalization and treatment costs (as per the sum insured). Your health insurance, however, pays for both pre-and post-hospitalization costs.

Q: What’s the right level of cover for me?

Your age, yearly income, medical history, way of life, current ailments, family members, and residential address would all be factors.

Q: What’s the right level of cover for me?

By carefully evaluating your needs, choosing an appropriate insurance amount, carefully reading the exclusions and terms, and getting assistance from reputable comparison websites like www.sktrending.com.

Q: Can you please explain New India Assurance‘s claim settlement process?

In the event of a scheduled hospitalization, notify the insurer’s Third-Party Administrator (TPA) 48 hours in advance, and in the event of an unforeseen hospitalization, notify them 48 hours after admission.

A pre-authorization document is submitted by the hospital to the TPA for cashless claims. The network hospital receives direct payment for the claim settlement.
Reimbursement claims: The policyholder sends the TPA the properly completed claim form and any necessary supporting documentation. The money is immediately deposited into your bank account.

Also Read, The Top 5 Best Personal Accident Insurance of 2023

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