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Is National Insurance good?

Updated On Jul 08, 2022

After enacting the General Insurance Business Nationalisation Act in 1972, the Government of India got it merged along with 21 foreign and 11 Indian companies to form National insurance Company Limited. It is one of the four PSU general insurance companies in India. It is now wholly-owned by the Government of India. Today, even after 120 years of its foundation, NIC still stands out as a pioneer in the non-life insurance segment. National Insurance was the first general insurance company to offer customized general insurance plans. National Insurance has its presence in India as well as Nepal. The Company has a strong presence across India's length and breadth with its 1730 offices and more than 13000 skilled employees, and over 50000 Agents spread all over the nation.

Key Features of National Insurance Mediclaim Policy

Policy can be renewed up to the age of 80 years
Provides coverage for dependent parents also
Cost of treatment in case of an accident where surgery may or may not be involved

What is covered in the National Insurance Mediclaim Policy?

Hospital and Nursing Home Room Rent is provided by this policy up to 1% of the Sum Insured subject to a maximum of Rs.5,000 per day
There is a limit on the Intensive Care Unit room rent reimbursement of only 2% of Sum Insured, up to a maximum of Rs 10,000 per day
Surgeon's fees, Consultant's fees, Anesthetist and Specialist's fees are also paid till a maximum of 25% of Sum Insured
Cost of medicines and drugs, nursing expenses, operation theatre charges, blood, oxygen, etc is paid for.
Chemotherapy, radiotherapy, organ replacement, pacemaker, etc. are paid till a certain percentage of Sum Insured

Additional Benefits of National Insurance Mediclaim Plan

Cumulative Bonus and free Health Check-up is provided for continuous renewal
A discount of 6% in premium is offered if the customer does not choose for cashless benefit

Exclusions - What is not covered in the National Insurance Mediclaim Policy?

Pre -existing diseases are not covered under this plan even after some years of continuous renewal
HIV Aids is not included under this policy
Venereal disease, intentional self-injury, use of drugs or alcohol, congenital external disease, sterility, are not covered
Certain treatments like dental treatment are not covered
Hospitalization for purely diagnostic purposes is not included under this plan
Maternity related expenses and child birth is treated as an exclusion in this plan.


National insurance is one of the leading public sector non-life insurance companies in India. The National Insurance Mediclaim policy is a health insurance policy for individuals and the entire family. The mediclaim plan covers medical expenses incurred by a person due to any disease, illness or injury. 

Also Read: How Should I Check Magma HDI Health Insurance Policy Status

Can I Buy Corona Virus Specific Health Insurance?


This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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