New India Senior Citizen Mediclaim Policy

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The Senior Citizen Mediclaim Policy is one of the many products offered by the New India Assurance Company Limited to provide coverage to senior citizens in times of trouble. This health insurance policy covers hospitalization expenses including pre-as well as post hospitalization costs for senior citizens. Individuals are covered against Unani, homeopathic and ayurvedic treatment too. An extra benefit of this plan is that it offers cover for pre-existing conditions such as diabetes mellitus and hypertension for an extra 10% premium payment.
The Senior Citizen Mediclaim Policy from New India Assurance Company Limited can be availed by senior citizens who reside in India. The age of the applicants must be 60 to 80 years, and customers who renew their policy without a break can avail benefits of the cover until they are 90 years of age. Before taking out the policy, the customer should undergo a prescribed pre-acceptance health check to detect pre-existing diseases. The check-up will be at the cost of the customer.
Features and Benefits:
The New India Senior Citizen Mediclaim Policy provides cover for the following:
·         Pre-hospitalization expenses for 30 days at most
·         Post-hospitalization expenses for a maximum of 60 days
·         Hospitalization expenses borne for treating injuries / illnesses
·         Ambulance charges.
·         Cover is limited if the customer is hospitalized in a registered homeopathic / ayurvedic and Unani hospitals and/or government hospitals
·         Cover for pre-existing diseases can be availed only if the customer has continued the policy for at least 18 years with the company
·         Pre-existing illnesses such as diabetes mellitus and the problems associated with it, and hypertension, etc. will be covered after the policy has continued for a minimum of 18 months provided that the customer has also paid additional premium
·         The sum assured can be either Rs.1 lac and/or Rs.1.5 lacs depending upon the preference of the customer
·         In case the sum assured is Rs.1 lac, the premium applicable for customers between 60 and 65 years of age is Rs.3850, Rs.4250 for customers between 66 and 70 years of age, and Rs.4700 for customers between 71 and 75 years of age
·         In case the sum assured is Rs.1.5 lacs, the premium for customers between 60 and 65 years of age is Rs.5720, Rs.6310 for customers between 66 and 70 years of age, and Rs.6980 for customers aged between 71 and 75 years.
·         Once the customer completes four claims-free years, the cost of the prescribed pre-acceptance health check will be reimbursed
·         Income tax benefits under section 80D of the Income Tax Act

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