New India Assurance Global Mediclaim Policy

The New India Assurance Global Mediclaim Policy can only be availed by someone who is already insured under a base Health Insurance Policy with a Sum Assured of Rs. 8 lakhs and above. However, if the policyholder does not possess a base policy, it will not affect the Renewal or Claim of the policy.

The Policyholder of the New India Assurance Global Mediclaim Policy is eligible to get treatment in Asia and around the world for the specified diseases and conditions. There are 2 Plans are available under this policy with varying Sum Assured amounts. This policy can be taken by Indian citizen who resides in India.

New India Assurance Global Mediclaim Policy: Key Highlights

Coverage Type	Individual
Sum Insured	Rs. 8 Lakhs & Above
Max SI allowed in Asia (Plan A)	USD 0.5 million (USD 1 Million Lifetime)
Max SI allowed Worldwide in Specified centers (Plan B)	USD 1 Million (USD 2 Million Lifetime) World Leading Medical Centre
100% Pre-policy medical tests	Mandatory
Waiting Period	3 Months

Coverage Offered

The New India Assurance Global Mediclaim Policy covers the following medical expenses for the insured:

Hospitalization expenses include private room accommodation, nursing charges, meals, operating room and other hospital services.
Day Care treatment expenses for procedures and surgeries provided in a hospital
Doctor's expenses for visits, examination, surgery or other treatment.
Expenses incurred in the hospital medical services and treatments for lab analysis, anesthetics, X-Ray, pathology, ECG, and other similar tests and treatments
Expenses related to the use of blood, oxygen, intravenous solutions and injections
Expenses for air ambulance and ground transportation.
Donor expenses in case of organ transplantation.
Travel and accommodation expenses of the insured and one companion while traveling for treatment purposes up to the prescribed limit.
Transportation expenses up to the prescribed limit of the mortal remain at the burial place in the event of the insured's death while receiving treatment for the covered illness.

Inclusions of the plan

Other the basic coverage, the New India Assurance Global Mediclaim Policy has the following inclusions:

The policy covers the following illnesses for an annual limit of USD 0.5/1 million per insured year.
Primary treatment for certain cancers
Coronary Artery Bypass Graft
Neurosurgery
Heart Valve Surgery
Bone Marrow Transplant
Living Organ Donor Transplant
Medical second opinion for critical illnesses
Treatment in World Leading Medical Centers outside India covered

Exclusions of the plan

No claim will be paid under the New India Assurance Global Mediclaim Policy under the following circumstances:

Pre-existing conditions or diseases are not disclosed in the proposal form.
Any illness or condition that was diagnosed within the first 90 days of the policy commencement.
Any Congenital Internal or External Anomalies.
Illness or injuries incurred as a result of war, acts of terrorism, floods and nuclear reactions.
Illness or injury that is a result of hazardous sports or adventurous activities
Illness incurred due to alcohol addiction or drug abuse.
Injury arising due to attempted suicide or self-harm
Any condition or disease caused as a result of AIDS or its treatment
Expenses for prosthetics, cosmetic surgeries that are not a part of the treatment for the covered illness

For a complete list of exclusions, please refer to the policy documents.

Features & Benefits of the New India Assurance Global Mediclaim Policy

Given below are the main features and benefits of the New India Assurance Global Mediclaim Policy plan:

This product can be availed by a person who has a health insurance policy with a Sum Assured of Rs. 8 lakhs and above.
A savings of 5% will be offered in Premiums to the insured who has a health insurance policy with New India.
100% of pre-policy medical tests are mandatory for all applicants.
There are 3 plan options under this policy-Plan A (Asia Treatment Plan), Plan B(Worldwide treatment plan), and treatment from WLMC(World Leading Medical Centers).
The Sum Assured allowed for Plan A is USD 0.5 million (1 million Lifetime) and for Plan B is USD 1 million (2 million Lifetime).
There is a waiting period of 90 days for all the plan variants under this policy.
The premium paid and the benefits received under this policy are eligible for tax deduction under section 80D of the Income Tax Act 1961*

*Tax benefit is subject to changes in tax laws

Eligibility Criteria

Type	Individual
Minimum Entry Age	18 years
Maximum Entry Age	65 years
Number of people covered	Individual Insured
Residential Status	Residents of India; Cover is not allowed to NRIs/OCI/PIO's/ Foreign nationals residing in India for employment

Cancellation Terms of the Policy

If the insured has fraudulently omitted relevant information for this policy, the company has the right to cancel the policy within 30 days after the company's access to such information.
The insured may also choose to cancel the policy, in which case the company will allow a refund of premium at its short period rate provided no claim has been filed up to the date of cancellation.

FAQs

Q: What are the steps to buy New India Assurance Global Mediclaim Policy?

Ans: To buy New India Assurance Global Mediclaim Policy, the subscriber must contact his nearest New India Assurance office agent or dealer to fill out the proposal form, pay the premium and purchase the policy.
Q: What is the Free-look period under the New India Assurance Global Mediclaim Policy?

Ans: Under the New India Assurance Global Mediclaim Policy the Free-lock period is 15 days from the date of receipt of the policy.
Q: What are the rules for the policy renewal?

Ans: Company will renew the policy if the insured shall remit the required premium before or within 30 days of policy expiry.
Q: Is a change of plans allowed under the New India Assurance Global Mediclaim Policy?

Ans: Only change from Plan A to Plan B is permitted under the New India Assurance Global Mediclaim Policy.
Q: What are the documents needed to buy New India Assurance Health Insurance Plan?

Ans: The proposer must submit his AADHAR card, Proposal form, and Medical Test Reports to purchase this policy.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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