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Health Insurance 3364 views August 24, 2020
Health should be the first and foremost priority of any individual. One of the best methods by which you can take care of health is by opting for a Health Insurance Policy. If you are a parent with only girl children and want to cover unforeseen hospitalization expenses of the family and personal accidents for parents, New India Assurance Co. Ltd. offers this amazing health insurance policy — New India Asha Kiran Policy. With the New India Asha Kiran Policy, an individual and his or her whole family will be covered under a Single Sum Insured (Floater). Also, the premium paid under this policy will be eligible for tax benefits under Section 80D.
We will cover different aspects of the New India Asha Kiran Policy. If you are a parent with only girl children and want to know about this policy more, keep reading.
Table of Contents
The main aim of the New India Asha Kiran Policy is to provide cover for any emergency hospitalization expenses and accident cover to proposer and spouse. Importantly, the policy cannot be given to a single person. There should be a minimum of two people with one girl to get this health insurance policy. We are showing details about what this New India Asha Kiran Policy covers. Please have a look.
Now that you know the expenses that New India Asha Kiran Policy covers, you should also know what it does not. We are showing below the expenses that this policy does not cover.
Waiting period is the time within which an insured person cannot claim the benefits of a health insurance policy. In the case of New India Asha Kiran Policy, an insured person cannot claim for illnesses during the first thirty days of a new policy. But a person can claim for the hospitalization due to accidents even in the first 30 days.
Remember that the waiting period of New India Asha Kiran Policy is more than 2 years or even four years in certain treatments.
With the New India Asha Kiran Policy, insured persons can claim the cash payment made at the hospitals at the rate of 0.1% of the overall sum insured per day of hospitalization. This benefit will be given to each member in every admissible claim. Remember that a Hospital Cash Benefit will only be given when the hospitalization duration is more than consecutive 24 hours. Apart from this, the total payment for any illness should not exceed 1% of the sum insured.
If an insured person suffers from any critical illness during the insurance period, the New India Asha Kiran Policy will provide a flat 10% of the Sum Insured as an additional benefit other than the regular claim. Some of these critical illnesses are Cancer, First Heart Attack, Open Chest CABG, Coma of specified severity, Multiple Sclerosis, Permanent Paralysis of Limbs, etc.
As we said above, New India Asha Kiran Policy is exclusively designed for parents with only girl children. Persons between the age of 18 and 65 years can opt for this policy. Whereas, daughter(s) with age from 3 months upto 25 years are eligible for this policy with a condition that they are financially dependent on the parents. Also, one of them or both the parents should be covered under the policy.
If the daughter is mentally challenged and remains an unmarried dependent, the upper age limit will not be valid in such cases. A person can continue the policy even after the age of 65 if he or she has a continuous insurance plan with New India Assurance Co. Ltd. without any break. We are showing below the members of the family who could be covered under the policy. Check it out.
After knowing so much about the New India Asha Kiran Policy, it is important to know the process by which an insured person can claim for it. We are showing steps to make the claim below. Have a look.
An individual can choose any sum insured on the New India Asha Kiran Policy according to his or her choice from INR 2 lakh, INR 3 lakh, INR 5 lakh, and INR 8 lakh. The premium will vary according to the sum insured and basis a few other factors. We are mentioning them below.