The New India Assurance is one of the largest state-owned general insurance companies in India. The company offers various insurance products for its customers under multiple domains including health, motor, travel, etc. New India Asha Kiran Policy is one of the health insurance policies available in the company’s product lineup. This policy can only be taken by people who have at least one girl child. One of the notable features of this cover is that it offers both medical insurance cover and personal accident cover under a single policy.
The company has set forth specific eligibility criteria for people who wish to avail the New India Asha Kiran Policy. The eligibility criteria can be listed as follows.
Some of the key features of New India Asha Kiran Policy can be listed as follows.
|Room rent, boarding, or nursing expenses||Up to 1% of sum insured per day|
|Intensive care unit charges||Up to 2% of sum insured per day|
|Organ donor expenses||Covered for all expenses related to organ transplant|
|Cataract claim||Up to 10% of sum insured subject to a maximum of Rs.50,000|
|Hospital cash||0.1% of sum insured per day (Total payout must not exceed 1%.)|
|Critical illness benefit (cancer, heart attack, coma, major organ transplant, kidney failure, etc.)||Additional benefit of 10% of the sum insured for any named illness (This is applicable in addition to the admissible claim.)|
|Accidental death||Proposer or spouse - 100% of sum insured Proposer and spouse - 200% of sum insured|
|Permanent total disablement||Proposer or spouse - 100% of sum insured Proposer and spouse - 200% of sum insured|
|Loss of one limb and loss of one eye/loss of both eyes/loss of two limbs||Proposer or spouse - 100% of sum insured Proposer and spouse - 200% of sum insured|
|Loss of one limb or one eye||Proposer or spouse - 50% of sum insured Proposer and spouse - 100% of sum insured|
Though the coverage is extensive, the company is not liable to provide compensation for all kinds of illnesses or injuries. Some of the exclusions under New India Asha Kiran Policy can be listed as follows.
The claim procedure under New India Asha Kiran Policy is simple and straightforward. For planned hospitalisation, the third-party administrator (TPA) must be informed at least 48 hours before hospitalisation. For emergency hospitalisation, the TPA must be notified within 24 hours after admission in a hospital. For cashless treatment, pre-authorization must be obtained from the TPA in order to initiate the treatment.
For reimbursement claims, the company might require various documents and proofs related to hospitalisation. Some of the documents required include bills, receipts, discharge certificate, cash memos, diagnostic reports, physician’s certificate, surgeon’s certificate, etc. All these documents must be submitted within 7 days after discharge from the hospital. Following the submission of all documents, the company will initiate the claim proceedings and provide the compensation amount.
The policy offers coverage for expenses incurred on allopathy, ayurveda, and unanipathy treatments taken by the insured.
Any premium amount up to Rs.10,000 is eligible for tax benefits under section 80D of the Income Tax Act, 1961.
You can register a claim for an illness or injury you contracted anywhere around the world as long as you avail the treatment within the boundaries of India.
No, dialysis, chemotherapy, radiotherapy, etc. will be covered under the hospitalisation benefit even if the patient is discharged the same day.
No, if a person is already covered under a mediclaim policy, he/she cannot be covered under another policy.
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