In your long and interesting journey of life, it’s always better to be prepared to face any unforeseen incidents that may take place in one’s life. People normally insure their home, child’s education, car, and even their retirement. However, many a times they forget to insure their health. It’s a proven fact that illnesses strike without warning, which again can affect one’s finances. Thus, it’s important to have a good health cover that would take into account the diverse set of needs at times of an individual’s ill health. Sound health insurance planning ensures that you receive direct medical expenses and indirect expenses, as soon as the situation arises.
Max New York Life health insurance schemes can act as a catalyst in safeguarding your peace of mind and eliminating all worries about your future treatment expenses. Presenting Lifeline – MediCash™ Plus health Insurance plans from MNYL that provide you support by giving you hospital cash benefit, whenever you are hospitalized. Through this plan you will get a fixed benefit towards hospitalization, ICU and recuperation (post hospitalization). And the surgical expenses of a fixed Lump-sum amount will be paid under LifeLine – MediCash™ Plus for more than 400 listed surgeries that you may undergo.
|Minimum / Maximum Age At Entry||18 years to 55 years (Age At Last Birthday)|
|Policy Term||10 years|
|Maximum Age at Maturity||65 years|
|Premium Guarantee||5 years|
|Premium Table (Sample*)||Units||3|
|Premium Payment Frequency||Half Yearly and Yearly|
|Reinstatement after Lapse||Allowed only till 180 days from Lapse Date|
|Premium Limits||Minimum: Rs. 2,500 (Yearly Mode)|
and Rs. 1,300 (Half Yearly Mode)
|Waiting Period||90 days from policy commencement apart|
from hospitalization due to accidents
|Benefits||Number Of Units Bought|
|Daily Hospital Cash||1000||2000||3000||4000||5000|
|Daily ICU Cash||2000||4000||6000||8000||10000|
|Recuperating Cash (Lump-Sum)||3000||6000||9000||12000||15000|
|Annual Limit (Days)||50 days of Hospitalization|
|Policy Term Limit (Days)||250 days of Hospitalization|
|Surgical Cash ( Lump-Sum Upto Rs)||50,000||100000||150000||200000||250,000|
|Major (35 %)||17,500||35,000||52,500||70,000||87,500|
|Supra major (100%)||50,000||100,000||150,000||200,000||250,000|
- Cashless hospitalization available in over 4000+ network hospitals across the country . Fixed daily hospitalization benefit available irrespective of amount of actual billing.
- Benefits are Payable in addition to any other health insurance cover that you may have with us or any other insurer.
- The premiums are guaranteed for five years from the effective date. After five years, the Company may revise the premium rates based upon the actual review of the claims experience subject to prior approval of IRDA.
- Guaranteed Long-Term coverage for 10 years subject to payment of premium made by you.
- Premium discount incase policy is claim-free for first 5 years.
- Tax benefit on the premium paid upto Rs.15, 000 under section 80 D of the Income Tax Act.
Download its brochure here.