One of the oldest and most well-known insurance firms in India, National Insurance Company, offers the National Varistha Mediclaim Policy. It was founded in Kolkata in 1906 and is supported by the Indian government's Ministry of Finance. It offers a wide variety of insurance products to individuals and families in many economic sectors as one of the top insurance providers in the nation. Vehicle, marine, general, property, and health insurance are a few of its insurance offerings.
One such option is the National Varistha Mediclaim, which is aimed for seniors between the ages of 60 and 80. It comes with a tonne of attractive bonuses and special inclusions to give residents financial security as they age.
Aging increases the likelihood of declining health and unstable finances. Older individuals need to be protected against the financial hardships that receiving adequate medical care and treatment is likely to cause because they are more likely to get sick and have medical issues. The National Varistha Mediclaim health insurance comes into play here.
With the help of the policy, senior adults in India's more than 6,000 hospitals—all of which offer cashless services—can receive reimbursement for medical bills and critical sickness care. They can choose reimbursement at many different hospitals. Additionally, seniors get access to more than 140-day care services and have pre-existing lifestyle conditions like diabetes and hypertension covered.
Here is a list of Health Insurance Benefits of National Varistha Mediclaim Policy-
The National Senior Citizen Mediclaim policy covers hospitalisation costs both before and after the fact, so long as neither the time before the hospitalisation nor the time after discharge exceeds 60 days.
Insurance companies are eligible for a 5% no-claims bonus for each year they go without filing a claim. The maximum bonus allowed is 50%. When renewing the policy, this incentive may be cumulatively added to the amount insured.
The National Insurance Varistha Mediclaim Policy offers protection against conditions such
Pre-existing conditions are covered from the start of the National Senior Citizen Varistha Mediclaim Policy, including diabetes and hypertension. Additional premium payment is necessary, though. After a one-year waiting period, the coverage also covers joint replacement surgery, hernia, fissure, sinusitis, piles, congenital internal disorders, and cataract.
If a policyholder has been covered by an insurance plan for the preceding three years, they are not required to get a medical examination in order to receive coverage. If not, they must visit a doctor for a checkup.
On each claim, insurers are required to contribute 10%. Additionally, they have the choice of making a 2% copayment, which will entitle them to a 10% premium discount. In the case of pre-existing conditions, an additional 10% co-pay is required.
Cashless hospitalisation is available to policyholders at network hospitals. Additionally, inpatient treatment, home healthcare
Principal Coverage of the National Insurance Varistha Mediclaim Policy are as follows-
Significant Exclusions from the National Insurance Varistha Mediclaim Policy are as follows-
The most essential features of Varistha Mediclaim Policy for senior citizensare-
One of the best insurance plans for Indian older persons is the Varistha Mediclaim Policy. A good coverage Varistha Mediclaim Policy with a low cost can help you live stress-free. It is a strongly advised policy for elderly persons who want to protect themselves from the dangers of financial hardship brought on by medical care costs.
Ans. Yes, the Varistha Mediclaim for senior citizens covers expenses for 30 days prior to hospitalisation and 60 days following hospitalisation.
Ans. Any senior who is between the ages of 60 and 80 can purchase a Varistha Mediclaim Policy.
Ans. Yes, domestic hospitalisation costs are covered by the Varistha Mediclaim Policy for senior citizensup to 20% of the basic sum assured.