Insurance Plans 208 views August 24, 2020

New India Asha Kiran Policy

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 Hospitalisation 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 help of 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.

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What does the New India Asha Kiran Policy Cover?

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. The important thing to remember here is that 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.

Hospitalization Expenses

  1. Room Rent, Boarding, Nursing Expenses, etc, upto 1% of the Sum Insured per day
  2. ICU Expenses upto 2% of the Sum Insured per day
  3. Fees of Surgeon, Medical Practitioner, Consultants, Specialists, Anaesthetist
  4. Operation Theatre Charges, Blood, Oxygen, Medicines & Drugs, Diagnostic  Materials & X-rays, Chemotherapy, Cost of prosthetic Devices, etc.
  5. All Hospitalisation Expenses incurred for a donor in respect of Organ Transplant (there will be no cover for the cost of the organ, if any)
  6. For cataract related claims, 10% of the Sum Insured or upto INR 50,000, whichever is less, for each eye

Personal Accident Cover

  1. Accidental Death (100% to 200% of the Sum Insured)
  2. Permanent Total Disablement (100% to 200% of the Sum Insured)
  3. Loss of One Limb and one eye or loss of both eyes and/or loss of both limbs (100% to 200% of the Sum Insured)
  4. Loss of one limb or Sight of One eye (100% to 200% of the Sum Insured)

What New India Asha Kiran Policy Does not Cover?

Now you have known about 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.

  1. Any Treatment of Pre-existing Conditions or Diseases (From the date of inception of the first policy until 48 months of continuous coverage of such insured person has elapsed.)
  2. In case the insured person has contracted in the initial 30 days of the commencement date of the policy. However, if the insured person has continuous coverage for more than 1 year, the policy will cover expenses.
  3. Treatment of some illnesses such as Hernia, Stone in Gallbladder, Hydrocele, Hypertension, etc, will not be covered if the insured person has not had coverage from the last 24 months or more.
  4. Vaccination and or Inoculation
  5. Dental Treatment or Surgery
  6. Cost of Braces, Equipment, or any external prosthetic Devices, etc.
  7. Naturopathy Treatment
  8. Acupressure, Acupuncture, Magnetic Therapies
  9. Genetic Disorders and Stem Cell Implantation or Surgery
  10. Expenses on Vitamins and Tonics

New India Asha Kiran Policy Benefits

Waiting Period

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 Hospitalisation due to accidents even in the first 30 days.

You need to remember that the waiting period of New India Asha Kiran Policy is more than 2 years or even four years in certain treatments.

Hospital Cash Benefit

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 Hospitalisation. This benefit will be given to each member in every case of the admissible claim. The most important thing that you need to remember is 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.

Critical Care Benefit

If an insured person got 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.

Who can take New India Asha Kiran Policy?

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 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.

  1. Proposer
  2. Proposer’s spouse
  3. Proposer’s Dependent Daughter (maximum two)

How to Claim New India Asha Kiran Policy?

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.

  1. As soon as you detect any illness/injury, intimate the Third Party Administrator (TPA) immediately. In the case of hospitalization, contact before 48 hours.
  2. In case of some medical emergency, contact TPA within 24 hours from the time of Hospitalization.
  3. You will need to submit the following documents to TPA within seven days from the date of discharge from the Hospital. Bill Receipts, Discharge Letter from the Hospital, Cash Memos from the Hospital, Receipt and Pathological test reports from Pathologist, Surgeon’s Certificate indicating the nature of the operation performed, Surgeon’s Bill and Receipts, Bill and receipt of the Attending Doctor/ Consultant/ Specialist/ Anesthetist
  4. In case of Post-hospitalisation (maximum of 60 days), submit all the claim documents within 7 days after the completion
  5. Authorize TPA to obtain any required medical or other records from the hospital

Premium Payments

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.

  1. The premium for the Eldest Member of your Family
  2. The premium for all additional members in the family
  3. The premium for the daughter(s) shall be 50% of the premium from Additional Member premium table shown against this policy on the website of New India Assurance
  4. Location of the Applicant (Zone 1, 2 and 3) – Zone can be chosen at the time of the proposal.

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