New India Senior Citizen Mediclaim Health Insurance

Aside from several basic covers, the Senior Citizen Mediclaim Policy has some more benefits in store to offer, such as complimentary health checkup, no claim bonus. In addition, pre-existing diseases such as hypertension, diabetes mellitus and its complications can be covered after 18 months of continuous insurance. But, it’s worth mentioning that the pre-existing benefits are available on additional premiums. Some more benefits under the plan are:

• A discount of 10% for voluntary excess of Rs. 10,000
• A family discount of 10% if the spouse is also covered
• Reimbursement of cost of health checkup once in a block of 4 claim-free years
• Maximum members covered under the policy are 2
• Cover for non-infective arthritis after 18 months
• Cover for 22 joint replacement surgery treatments due to degenerative condition after 48 months

Not only does the Senior Citizen Mediclaim offer these benefits, but as a policyholder you can also claim for the hospitalisation expenses. The nursing expenses are covered up to a maximum of 1% of SI per day, ICU charges covered up to 2% of SI per day, etc. It’s important to note that the overall limit should not exceed more than 25% of the sum insured. Here are some more things to know about the policy:

• The policy comes with lifelong renewability
• Dedicated third party claim settlement
• Tax benefits under Section 80D of the Income Tax
• The premium is calculated based on age and the sum insured chosen
• A free look period of 15 days is given to understand the policy and cancel if not satisfied

To conclude, New India's Senior Citizen Mediclaim policy is a custom-built health insurance product, which has been designed to cover elderly people against medical expenses due to specific illnesses, injuries or accidents. Features like NCB, a complimentary health check-up and an option of Hypertension and Diabetes cover from day one makes the policy unique. On the other side, limits on the room rent and sub-limits on some of the procedures with a co-payment clause can leave you with a bit of disappointing experience. Overall, it’s a good policy to have to secure you during your golden age with low premium amount.

To buy this policy online at your convenience, give a call to InsuranceDekho. Or, get free quotes from us by filling the form on the top right of this page. InsuranceDekho strives to offer you the most suitable insurance policy at the best possible affordable premiums. 

Yes. A discount of 10% is provided for voluntary excess of Rs. 10,000 and a family discount of 10% is provided in case the spouse is also covered. 

No. The plan does not provide cover for genetic disorders or even stem cell surgery. 

Yes. Pre-existing diseases are covered after 18 months of continuous coverage with the company. 

The policy can be purchased for sum insured options of Rs. 1 Lakh and/or Rs. 1.5 Lakh.