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New India Floater Mediclaim Health Insurance

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New India Health Insurance
Floater Mediclaim
Claim SettlementDedicated Team
Claim Settlement Ratio92.68%
COVID-19 CoverYes
Network Hospitals1,500+
Policies Sold16,83,506

About New India Floater Mediclaim Health Insurance

New India Floater Mediclaim is a medical insurance 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.

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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

1070 New India Cashless Network Hospitals in India

Choose New India Assurance Critical Illness Plan

Floater Mediclaim User Reviews

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New India Floater Mediclaim Expert Review

  • 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 Health Insurance

  • Network Hospital
  • Non-Network Hospital
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation within 24 hours and for planned hospitalisation intimate within 48 hours prior to admission.
  • 3

    Claim Processing

    Fill in the pre-authorisation form and hand it over to hospital's insurance/TPA desk to initiate claim request.
  • 4

    Claim Settlement

    Once your request is approved, claim is settled. If not approved, claim for reimbursement after discharge.
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation within 24 hours and for planned hospitalisation intimate within 48 hours prior to admission.
  • 3

    Claim Processing

    Submit claim form with original documents such as doctor’s reports, hospital bills, diagnostic tests, etc.
  • 4

    Claim Settlement

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

FAQs on Floater Mediclaim Health Insurance Plan

  • 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. 

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