Is National Health Insurance good?
Table of Contents
After enacting the General Insurance Business Nationalisation Act in 1972, the Government of India got it merged 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 a presence in India as well as Nepal. The Company has a strong presence across India's length and breadth with its 1730 offices more than 13000 skilled employees and over 50000 Agents spread all over the nation.
Key Features of National Insurance Mediclaim Policy
- The 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 in this health insurance plan
- Maternity related expenses and childbirth is treated as an exclusion in this plan.
Conclusion
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
