New India Floater Mediclaim Policy (Cashless facility available)

New India Floater Mediclaim policy is available to persons between the age of 18 years and 65 years. Children can also get 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 2, 3, 5, 8, 10, 12 and 15 Lakhs. All the entitled members covered under the policy can avail single Sum Insured towards Hospitalization Expenses on floater basis.

Minimum two members and Maximum six members can be covered in this policy.

Highlights of this Policy
  1. Cumulative Bonus @25% SI for claim free year with Max 50% of SI.
  2. New Born Baby cover
  3. Critical Care Benefit - 10% of the Sum Insured.
  4. Midterm inclusion of newly married spouse.
  5. Cataract claims, up to 10% of Sum Insured or Rs. 50,000 whichever less, for each eye.
  6. Expense incurred for Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy system of medicines are covered 100% of Sum insured.
  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. Optional Cover I: No Proportionate Deduction
  10. 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)
  11. Optional Cover III: Revision in Limit of Cataract (For 8 Lakhs & above SI revised limit for Cataract will be 10% of the Sum Insured)
  12. Optional Cover IV: For Non-Payable Items for covering consumables as per List I with additional premium for SI 8 L & above.
  13. 226 Day Care procedures are covered.
Premium chart: (Please refer to the prospectus for optional covers premium)
PREMIUM PER MEMBER (GST Extra)
Sum Insured (Rs.)2,00,0003,00,0005,00,0008,00,00010,00,00012,00,00015,00,000
3m-18 Y2,1372,4922,7823,1863,3623,6093,860
19-30 Y3,7894,4635,0135,7956,5787,1137,618
31-35 Y4,1564,9015,5096,3566,7267,1737,691
36-40 Y5,5056,5107,3318,4758,9749,57810,277
41-45 Y6,6577,8858,88710,28510,89411,63212,486
46-50 Y 8,84110,49011,83714,02715,95317,27018,510
51-55 Y11,90514,14616,76420,85123,72425,68727,537
56-60 Y14,75317,54419,82423,02726,20228,37130,418
61-65 Y19,30522,97525,97230,15033,60236,38639,014

*For Optional Covers premium please refer to the prospectus.

# Once the Insured Person crosses the age of 65 years, the applicable premium on renewal will be loaded by 2.5% per year. This loading is applicable on premium for the age band of 61 years to 65 years.

How to calculate the premium?
  1. Select the desired Sum Insured.
  2. The premium payable is determined on the respective Age of the members for the chosen Sum Insured.
  3. A discount will be applied based on the number of members covered, as under:
Discount on number of members2 members3 members4 members & above
5%10%15%

*Kindly refer to policy clauses/prospectus for detailed information.

We wish to bring to your notice that the terms & conditions of "New India Floater Mediclaim Policy (NIAHLIP24010V052324) shall be applicable for the all renewals falling due on or after 1st August 2023 and for Fresh Policies wef 1st May 2023

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