Public sector insurance company New India Assurance, launched a global medical insurance policy that covers your hospitalisation charges for serious illness treatment like heart surgery, organ transplant, neurosurgery, cancer and bone marrow transplant.
New India Assurance is the country's largest health insurance company in terms of premium amount collected.
Features of New India Global Mediclaim Policy
- The policy is called "New India Global Mediclaim Policy."
- It has tied up with 99 global hospitals across the world including top hospitals like John Hopkins, Cedar-Sinai Medical center and Kings' College hospital.
- It covers hospitalisation expenses incurred by customer.
- Age bracket for entering the policy is 18 to 65 years.
- Available to those who already have a health insurance policy with Rs 8 lakhs or more as sum assured.
- Only available to Indian citizens residing in India.
- Treatments like chemotherapy done in India will not be payable.
- Fully cashless policy.
The plans include coverage for hospitalisation in medical centres across Asian countries and another for medical centres outside Asia.
The Asian hospital plan offers a lifetime coverage of $1 million whereas the coverage for worldwide hospitalization is $2 million.
This comes with a 90 days waiting period for all treatments. It can be renewed lifelong if there are no breaks. Also, a second medical opinion will be taken before giving a policy to avail treatment abroad.
The premium will depend on the age and medical history of the insured person. The premium could be loaded between 25 to 100%. Loading is a concept used by insurance companies for dealing with a high risk candidate, where your premium will increase periodically.
For someone who is 30 years old, the premium without load will be Rs 9,003 per annum for coverage of hospitals within Asia and Rs 11,453 for hospitals outside Asia.