New India Assurance Floater Mediclaim

Floater Mediclaim
14 reviews Rate This
  • 1,200+ Network Hospitals
    Check in your City
  • 17,47,550 Policies Issued
  • 103.19% Incurred Claim Ratio
  • Lifelong Renewability
  • 96.61% Claim Settlement Ratio
  • Dedicated Team for Claim Settlement

About New India Assurance Floater Mediclaim

New India Floater Mediclaim is a policy designed to cover hospitalisation expenses for up to 6 family members. You can purchase this policy if you are aged between 18 years to 65 years and can even include financially dependent children between 3 months and 25 years of age. Other than the Proposer and dependent children, this policy can also include dependent parents (up to 60 years of age) and spouse. The plan is available with Sum Insured options ranging from Rs. 2 Lakh to Rs. 10 Lakh. Usually valid for 1 year, the policy allows you to seek enhancement in Sum Insured at the time of renewal.  

The wide range of benefits offered by this policy may provide value to you. Some of them are-No age limit for policy renewal, option to enhance the sum insured, provision of a grace period, continuity benefit, discounts on premium, cover for specified daycare treatments up to a certain limit. 

Key Inclusions and Exclusions of the Plan

What's Included

  • ICU charges up to 2% of Sum Insured for each day
  • Surgeon, Anaesthetist, Medical Practitioner, Specialists, Consultants fee
  • In-patient hospitalisation expenses arising for the donor in case of organ transplant
  • Blood, Oxygen, Anaesthesia, Operation Theatre Charges, Surgical Appliances, and Medicines, etc.
  • Room rent, boarding charges, nursing charges and other expenses specified up to 1% of SI

What's Not Included

  • Dental treatment or surgery of any kind unless hospitalisation is required because of accident
  • Congenital internal and external diseases or defects or anomalies
  • Any illness acquired during the initial 30 days
  • Illnesses such as Hernia, Cataract, Benign Prostatic Hypertrophy, etc. not covered before 24 months
  • Expenses incurred on pre-existing condition/disease, not until 48 months

  • I have secured my family at not so high premium

    I’ve just got myself and my family insured under floater mediclaim plan by new india assurance at less premiums. My plan offers high coverage and provides cover for almost all the conditions of health emergency. The process of buying was not difficult at all and the payment gateway was secured too

     

    A
    On: Sep 26, 2019 | Views
  • Plan offers cover for critical illnesses too

    Floater plan is a nice one if you are looking a plan with low premium but comprehensive coverage. The plan offers many coverage features such as-in patient hospitalisation expenses, room rent, ICU charges, etc. The best part about this plan is that it offers cover for 11 specified critical illnesses to the insured. 

     

    R
    On: Sep 26, 2019 | Views
  • Good coverage features

    New india assurance offers floater mediclaim policy for family under which I am covered since 1.5 years. The plan provides the policyholders several coverage features for up to 6 members of your family including in patient hospitalisation expenses, doctors fee, blood oxygen etc expenses. This a good plan to put your hard earned money to use.

     

    P
    On: Oct 10, 2019 | Views
  • Good family plan

    New india assurance is a reliable compnay and I brought this policy as m friend suggested me. He is covered under it since a year now and has made claim. He shared his smooth claim experience and made me purchase it from insurancedekho. I'm satisfied and not thinking to migrate to any other company as of now. 

     

    K
    On: Oct 10, 2019 | Views
  • Good job insurance dekho team..

    The team at insurancedeko does a commendable job when it comes to selling policies. Till now I have purchased a standard floater plan from them and also a surplus plan. They guided me through the entire process and I went smoothly.. I liked the people there who sell plans they are extremely helpful

     

    F
    On: Oct 22, 2019 | Views
  • Customer care people are there whenever you need help

    My floater mediclaim policy which I purchased from insurancedekho offers many benefits to me and my family. I have this plan for me and my family for a sum insured of rs 10 Lakh. The plan covers in-patent hospitalisation, icu charges, etc. I ahvent made any claim yet so can not comment on that

     

    R
    On: Oct 22, 2019 | Views
  • Humble team of customer support

    I had a really good feeling after talking to the customer care executive whose name is Rakshit at insurancedekho.. He was the one who guided me at each step and the best part is that i didnt hesitate n asking anything to him or even call him at night when i needed help in the claim settlement process.. 

     

    S
    On: Nov 01, 2019 | Views
  • Good claim settlement ratio of new india

    New india offers reliable health insurance plans as i have another one too of this insurer. Not only because it has comprehensive plans, but I choose this because it has a good claim settlement ratio as well which is very important for an insurer to have but most people neglect. 

     

    D
    On: Nov 01, 2019 | Views
  • Nice family plan...

    Whatever one can ask for, in a family floater health insurance plan, this policy covers it. I get in patient hospitalisation expenses cover, ICU cover, blood oxygen cover etc. Iam satisfied with my family floater plan from new india and looking forward to renew it next year. 

     

    R
    On: Nov 12, 2019 | Views
  • Great help with this plan

    My family floater plan from new india assurance was of a great help to me at the time of need. When my mother got hospitalised last month, we asked for help from insurancedekho and it helped me get the claim settled within no time. Ia really grateful for the team for helping me in the time of need.

     

    D
    On: Nov 12, 2019 | Views
  • Iam really thankful to them

    This plan is the thing i wanted from so long ..got to know about its importance after availing a claim ...a health insurance can be really helpful in managing expenses as you don't have to spend out of pocket.. 

     

    N
    On: Invalid date | Views
  • Covers my entire family..

    My floater mediclaim plan covers my entire family of 6 members and iam really tension free with it. It will cover all my expenses at the time of emergency. I have a cover for 10 lakh that covers ICU charges, room rent, blood, oxygen expenses, in patient hospitalisation expenses etc. 

     

    p
    On: Nov 21, 2019 | Views
  • Iam satisfied and give it 3 stars for services

    Floater mediclaim is a complete health insurance plan that covers my family of 4 including me my husband and my kids. I have this plan for sun insured of rs 2 lakh as i thought this must be sufficient for us. But now iam looking forward to increase sum insured 

     

    P
    On: Dec 02, 2019 | Views
  • Good plan.

    Floater mediclaim policy offers me many benefits and some of them are-in patient hospitalisation cover, blood, oxygen charges, roo mrent cover etc. I didnt even know abt this plan but after talking to customer care executives at insurancedekho, i made my mind that ill go for this plan only. 

     

    V
    On: Dec 02, 2019 | Views

Expert Review for New India Floater Mediclaim

  • Expert Review

    New India’s Floater Mediclaim policy covers hospitalisation expenses for the entire family members under one sum insured on a shared basis. It is a suitable plan in the sense that it covers the proposer, proposer’s spouse, dependent children, and dependent parents (less than or equal to 60 years). If you buy this policy with Rs. 10 Lakh as the sum insured for 6 members of your family then in total whole of the family can spend a maximum of Rs. 10 Lakh in the policy year.

    The Floater Mediclaim policy comes with the minimum entry age of 3 months and the maximum entry age of 65 years. What makes it an apt choice is its feature of covering dependent children up to 25 years of age. Moreover, the policy has cover for 11 specified critical illness diseases, which allows the policyholder to get 10% of the Sum Insured as an additional benefit other than the admissible claim. So, the Floater Mediclaim by New India could be your choice when it comes to coverage and affordability.

  • Major Attractions

    When it comes to prime features of the Floater Mediclaim policy, the list is longer than expected. With the policy in hand, you can get covered for inpatient treatment, pre and post hospitalisation expenses, daycare treatment, and much more. Though the policy doesn’t cover maternity expenses, the newborn is covered up to the renewal of the existing policy. The Floater Mediclaim policy gives you complete protection to your family. Following are some major attractions:

    • The upper age limit doesn’t apply to unmarried daughter and mentally challenged children
    • The persons beyond 65 years can continue their insurance
    • Midterm inclusion is allowed for a newly married spouse by paying pro-rata premium
    • Cover for critical illnesses like cancer, heart attack, CABG, open heart replacement, kidney failure
    • The cover is also available for coma, stroke, major organ transplant, paralysis, multiple sclerosis, motor neuron, etc.
    • Payment of ambulance charges up to 1% of SI or actual whichever is less
    • Ayurvedic / Homoeopathic / Unani treatment up to 25% of the Sum Insured 
  • What’s More?

    Not only this, an approach to get cashless treatment across India, Floater Mediclaim provides hospital cash benefits of 0.1% of the sum insured per day of hospitalisation. It also facilitates to enhance the sum insured at the time of renewal. Listed below are some more benefits of the policy:

    • Features of lifetime renewal of the policy
    • 15 days free look period to cancel the policy
    • Tax saving under section 80D of the Income Tax
    • Dedicated TPA service to serve customers
    • A grace period of 30 days to renew the policy
  • Conclusion

    Overall, the Floater Mediclaim policy by New India is the right option to secure your family against uncertainties. It is a one-stop policy to cover newborn, critical illnesses apart from basic cover under a single plan.

    To buy the policy online, choose InsuranceDekho because it is a reputable online company to compare different family floater policies, get maximum coverage at minimum premiums and get the policy issued within minutes from the comfort of your home. 

New India Floater Mediclaim Brochure

  • 491.55 KB
  • PDF Document
  • Jul 01, 2019

Claim Process at New India Assurance

  • Network Hospital
  • Non-Network Hospital
  • 1

    Claim Intimation

    Emergency hospitalisation needs intimation within 24 hours and for planned hospitalisation intimate within 48 hours prior to admission.
  • 2

    Claim Processing

    Fill in the pre-authorisation form and hand it over to hospital's insurance/TPA desk to initiate claim request.
  • 3

    Claim Settlement

    Once your request is approved, claim is settled. If not approved, claim for reimbursement after discharge.
  • 4

    Claim Assistance

    For any assistance call Insurancedekho at 1800-120-5698 or call toll free number of New India Assurance at 1800-209-1415.
  • 1

    Claim Intimation

    Emergency hospitalisation needs intimation within 24 hours and for planned hospitalisation intimate within 48 hours prior to admission.
  • 2

    Claim Processing

    Submit claim form with original documents such as doctor’s reports, hospital bills, diagnostic tests, etc.
  • 3

    Claim Settlement

    Once your request for reimbursement of expenses is approved, the claim will be settled.
  • 4

    Claim Assistance

    For any assistance call insurancedekho at 1800-120-5698 or call toll free number of New India Assurance 1800-209-1415.

Floater Mediclaim FAQs

  • Who can be covered under this policy?

    Anyone aged between 18 years and 65 years can be covered under this policy. Financially dependent children aged between 3 months to 25 years can also be covered if at least one parent is included in the policy. 

  • Can I include my family members in this policy?

    Yes. You can seek cover for the entire family under a single Sum Insured. These members can be apart from the Proposer - Spouse, Dependent Children, and Parents (aged 60 years or lesser if they are dependent on the Proposer). 

  • Does this policy provide a hospital cash benefit to the policyholders?

    Yes. The policy provides hospital cash benefit at the rate of 0.1% of Sum Insured for every hospitalisation exceeding 24 consecutive hours. 

  • Are critical illnesses covered under this policy?

    Yes. The policy provides critical illness cover for 11 specified critical illnesses. This means that the insured gets paid 10% of the Sum Insured as additional benefit other than the admissible claim in case he/she suffers from any of the 11 mentioned critical illnesses.

     

  • Is hospitalisation always necessary to get a claim?

    Yes. Hospitalisation is necessary to get a claim under this policy. Outpatient expenses are not covered under this policy. 

  • For how long does the insured individual need to be hospitalised to seek claim?

    An individual can make a claim only if he/she has been hospitalised for at least 24 hours. However, for certain specified treatments, hospitalisation can even be lesser than 24 hours. 

  • Which daycare treatments are covered under this policy?

    Day care treatments are those which are done within 24 hours. The policy covers 139 daycare treatments, some of them are-

    • Stapedotomy
    • Excision and destruction of a lingual tonsil
    • Stapedectomy
    • Other operations on the tonsils and adenoids
    • Lithotripsy
    • Cancer Chemotherapy
    • Amputation of the penis
    • Haemodialysis
    • Palatoplasty
    • Glossectomy
  • Are pre-hospitalisation expenses covered under this policy?

    Yes. The policy covers pre-hospitalisation expenses for up to 30 days prior to hospitalisation. 

  • Are post-hospitalisation expenses covered under this policy?

    Yes. The policy covers post-hospitalisation expenses for up to 60 days from the date of discharge from the hospital. 

  • Can I get treated anywhere in India under this policy?

    Yes. This policy covers treatment anywhere in India.

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