New India Assurance Co Ltd.] is a Government multinational general insurance company having its headquarters in Mumbai and a global presence in more than 27 countries. Sir Dorabji Tata founded the company in 1919 and since then it has been ruling the market in the non-life insurance business.
New India Janata Mediclaim policy is ideal for those who want to protect all the family members with a broad health insurance coverage. The policy covers self, spouse and a maximum of two dependent children with a minimum sum assured of Rs.50,000 and the maximum of Rs.75,000. You can also avail the tax benefits on the premium paid as per the prevailing Income Tax laws.
For children : 91 days
Adults :
Minimum : 18
Maximum : 60
Maximum Members : 4
Maximum Adults : 2
Maximum Children : 2
50,000 to 75,000
Family Discount
1 year
50 yrs and above
For children : 91 days
Adults :
Minimum : 18
Maximum : 60
Maximum Members : 6
Maximum Adults : 4
Maximum Children : 2
50,000 to 75,000
Family Discount
1 year
50 yrs and above
Due to scientific advancement, some procedures/treatments do not require you to be hospitalized for a minimum of 24 hours to raise a claim. This plan covers such procedures.
In this policy, for every claim free year, a no-claim bonus equal to 5% of basic sum insured up to a maximum of 30% is available. This bonus amount is reduced by 5% of sum insured once you make any claim.
If you ever have to opt for organ donation, the hospitalization expenses (excluding the cost of the organ) on the procedure for the donor will be covered up to the sum insured.
The insurance company will compensate you for the medical expenses related to your hospitalization 30 days before the hospitalization.
The insurance company will pay you for the medical expenses related to your hospitalization 60 days post hospitalization subject to a maximum of 10% of the hospital bill.
Offers complimentary health check-up that covers some listed tests, once every four claim free years up to a maximum of 1% of average sum insured.
You can claim for any treatment sought through alternate medicine like Ayurveda or Homeopathy up to a maximum of 25% of the sum insured. This will be a valid claim only if you seek the stated treatment in a Government Hospital or any institute duly recognized by the Government or any other governing body.
This plan provides ambulance cover for Rs.1,000 or the actual cost, whichever is less if you ever opt for the services.
Your loyalty is well-rewarded. If you make any repeat purchases, you will get a rebate on your premium in the form of loyalty discount.
For any reason, should you decide not to proceed with the policy, you can return the same and request for a refund within 15 days from the date of receipt of the policy document.
To avail the claim on your hospitalization expenses, you need to get treated in a general ward of hospital or a day care center at the rate of not more than Rs.450 per day.
A 30 days cooling off period for all claims except any arising out of accidental injuries.
The policy covers some specific diseases/treatments only after 24 months. These include Cataract, Hysterectomy, Myomectomy for Fibroids, and so forth.
You can claim for any pre-existing conditions after a waiting period of 48 months from the policy start date.
Note: Certain illnesses/treatments require specific waiting period. You can refer such list in the policy wording.
Note: Certain illnesses/treatments require specific waiting period. You can refer such list in the policy wording.
The Plan will not cover any liabilities towards the treatments of following conditions-
Note: The complete list of what is omitted from the scope of coverage forms a part of the policy wordings. Kindly refer the same for additional reference.
If a government assurance forms an important part of your decision making for any investment, you can consider this plan. While the policy boasts of positives like no copayment and attractive discounts; room rent capping of Rs.450 and absence of some valuable additions like the restoration of the sum insured or an optional cover for the critical illness is a bit disappointing. Overall, if you have a stern budget to abide by, this policy is surely deserving.
**Reviews and ratings are based only on Benefits and Conditions. Things like Claim Settlement Ratio, Hospital Network have not been covered under product ratings. These are covered under Company ratings.
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