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All About National Insurance Varistha Mediclaim
National Insurance Varistha Mediclaim policy is from National Insurance Company, which is government backed and one of the oldest insurance companies in the country. The health insurance policy is a specially designed health insurance policy for senior citizens aged 60 and more. The policy is loaded with a lot of features and benefits like inpatient treatment at hospital, domiciliary hospitalisation care expenses, along with whopping 140 plus day care procedures. All the coverage is available with cashless facility or reimbursement basis.
The premiums for the plan can be claimed for tax deduction under Section 80D of the Income Tax Act, 1961. Please note the tax laws are subject to change from time to time and hence, it is recommended to consult a tax expert on the same.
|Coverage Sum Insured Amount (in INR.)||INR 1,00,000 is the sum insured for Hospitalization & Domiciliary Hospitalization Cover and INR 2,00,000 is the sum insured for Critical Illness cover (optional benefit)||-|
|Policy duration (in years)||1||1|
|Age of entry (in years)||60 years||80 years|
|Renewability Age||-||For Life|
Proof of Age: The applicant has to provide age proof of all the persons who will be getting covered with the health insurance policy. Below are the acceptable documents for this:
Identity Proof The applicant can provide any of the following identity proof:
Address Proof: The applicant will be required to submit your permanent proof of address. You can submit any of the following documents for the same:
Passport Size Photos
The applicant might be required to medical tests to enrol in the plan
In the event of hospital treatment or domiciliary hospital treatment, the insured person or his/her relative or representatives required to inform the TPA. The notification can be done in writing by letter, email, or fax providing all necessary information like policy number, treatment details etc. The contact details can be found on the official website of the company.
|Informing of claim for Cashless facility||To inform the TPA|
|In case of planned hospitalisation||TPA should be informed at least 72 hours prior to the insured person’s admission to the network hospital|
|In case of emergency hospitalisation||TPA need to be informed within 24 of the insured person’s admission to the network hospital|
|Informing of claim for Reimbursement||Company/TPA must be informed|
|In the case of planned hospitalisation or domiciliary hospitalisation treatment||TPA should be informed at least 72 hours prior to the insured person’s admission to the network hospital|
|In the case of emergency hospitalisation or domiciliary hospitalisation treatment||TPA need to be informed within 24 of the insured person’s admission to the network hospital|
|Informing of claim for vaccination - In the case of Anti Rabies Vaccination||Company/TPA must be informed - At least 24 hours prior to getting the vaccination|
For reimbursement of claims, the policyholder is required to submit the necessary documents to TPA within the given time limit. Procedure for Reimbursement of Claim under Domiciliary Hospitalisation For reimbursement of claims under domiciliary hospitalisation, the policyholder is required to submit the necessary documents to TPA within the given time limit.
National Insurance Varistha Mediclaim Policy is great health insurance option for senior citizens of India. The policy comes with very affordable premium and good coverage. The applicant can also take optional coverage option which covers many critical illnesses and offers a lump sum amount for treatment. The insurance policy offers renewability benefit for the entire lifetime of a person. The claim settlement process of the company is very easy and simple to understand. The National Insurance Company also has a tie-up with major hospitals across the country where the insured person can take benefit of cashless facility. Overall, this health insurance policy is a well customised for the senior citizens and is highly recommended for individuals over the age of 60 years to cover themselves financially against perils of rising medical care expenses.
I purchased this policy online and being not a very technically savvy person, the enrolment process was fairly easy. The policy information on the website is also very clear and easy to understand. Hence, I decided to go for this policy. - Duruchand Lalwani – Delhi
I was looking for a policy that would suit my father who is 65 years old. I looked at the features of this policy and it perfectly fit my requirement. The enrolment process was also easy and the customer service of the company is also good. - Kirti Ghosh - Kolkata
I wanted a health insurance policy for my mother who suffers from hypertension. I was looking for a policy where I don’t have to wait for the coverage for 4 years or have a long waiting period. When I saw that this policy offers coverage straight away with additional premium, my search ended. I am happy with the purchase and recommend the same to others. - Pravin Shinde – Maharashtra
I retired from work recently and my coverage of health insurance ended with me leaving the job. I wanted to secure myself with a good but affordable health insurance policy. One of my friends told me about National Insurance Varistha Mediclaim and I was happy with the coverage it offered. I took additional coverage of critical illness in the plan and I am at peace today that I am covered till a good health insurance policy which will allow me to renew it for life. - Gulshan Sharma – Madhya Pradesh