National Varistha Mediclaim Health Insurance

National Insurance Varistha Mediclaim Policy offers cover for Diabetes and Hypertension, if pre-existing, by charging extra premium. These illnesses will be covered from the date of inception of the policy itself but will be subject to certain conditions.  

The policy can be issued to anyone aged between 60 years and 80 years for a tenure of one year. Keeping in mind the financial condition of the seniors, National Insurance provides the Varistha Policy with different sum insured options, ranging from Rs. 1 Lakh and Rs. 2 Lakh. On the payment of extra premium, you can reap add-on benefits like critical illness cover and pre-existing disease cover. Below are some more attractions:

• A cumulative bonus of 5% at the time of renewal
• Reimbursement of health checkup at the end of a block of 3 continuous policy period provided no claims are made
• Cover for critical diseases like cancer, stroke, paralysis, blindness, open chest CABG
• The cover is also available for kidney failure, bone marrow transplant, etc.
• Sum Insured: Rs. 1 Lakh for hospitalisation and domiciliary treatment and Rs. 2 Lakh for critical illness
• Ambulance charges as per the policy document
• An option of 5% discount in renewal premium up to 10 claim-free years
• No medical screening if you are covered for continuously three years under any health insurance policy 

With Varistha Mediclaim Policy, the policyholder can get the best treatment at world-class network hospitals across the country without spending even a single penny from his/her pocket. Not only this, the policy reimburses the expenses in case the treatment is taken in a non-network hospital. The policy also provides coverage for inpatient expenses including room charges; drugs; medicines; nursing charges; doctor’s fees; charges for OT, oxygen, anaesthesia; and so on. Here are some more benefits:

• Lifelong policy renewability
• 15 days free look period to cancel or continue the policy
• A grace period of 30 days to renew the policy
• Tax benefits under Section 80D of the Income Tax Act
• Portability (migration) option to port to similar product

With the features and benefits purchasing the Varistha Mediclaim Policy sounds good. It’s the right option for senior citizens in India. The policy comes with affordable premiums and better coverage. With this policy in hand, growing older is no longer something to be worried about for the medical costs.

If you or your parents have retired from work recently, and their group health coverage have ended then get all the information about Varistha Mediclaim Policy online at InsuranceDekho. Purchasing the policy online enables you to compare a wide range of health insurance policies, get free quotes, opt for the lowest premiums and maximum coverage, and get quality customer support service.

No. But the policy provides a cashless facility for treatments only in the network hospitals. However, reimbursement facility for treatment is provided in non-network hospitals also. 

Yes. The policy provides cover for pre and post-hospitalisation expenses for 30 days before hospitalisation and 60 days after hospitalisation.

Yes. National Insurance Varistha Mediclaim Policy provides cover for domiciliary treatment expenses up to 20% of the basic sum insured. 

Given below are the waiting period clauses under this policy-

• Pre-existing diseases are covered after 1 year
• 30 days waiting period for general cover and 90 days waiting period for critical illness
• Certain illnesses such as Piles, Cataract, Hernia, etc. are covered after the first year

Following are the additional features offered by this policy-

• 5% of No Claim Bonus up to 50% for every year a claim is not made, on renewal. This bonus can also be used to enhance the Sum Insured on renewal of the policy
• No medical check-up is required before availing this plan if the insured covered under a health insurance plan for the last three years
• 10% co-payment is applicable to all claims 
• An additional co-pay of 10% is required to make claims for pre-existing diseases 

Yes. This policy provides cover for ambulance expenses for up to Rs. 1,000 in a policy period. 

The customers can buy this policy in India and undergo treatment by paying 15% additional premium for either of the illness or by paying 25% for both of them.  

National Insurance Varistha Mediclaim Policy provides cover for critical illnesses such as Cancer, Renal Failure, Multiple Sclerosis, Stroke, Major Organ Transplant, Coronary Artery Surgery, etc.