Max New York Life Insurance LifeLine MediCash Plus Plan

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.

Eligibility Criteria
Minimum / Maximum Age At Entry18 years to 55 years (Age At Last Birthday)
Policy Term10 years
Maximum Age at Maturity65 years
Premium Guarantee5 years
Premium Table (Sample*)Units3
Age (yrs)MaleFemale
Premium Payment FrequencyHalf Yearly and Yearly
Reinstatement after LapseAllowed only till 180 days from Lapse Date
Premium LimitsMinimum: Rs. 2,500 (Yearly Mode)
and Rs. 1,300 (Half Yearly Mode)
Waiting Period90 days from policy commencement apart
from hospitalization due to accidents
BenefitsNumber Of Units Bought
Daily Hospital Cash10002000300040005000
Daily ICU Cash200040006000800010000
Recuperating Cash (Lump-Sum)3000600090001200015000
Annual Limit (Days)50 days of Hospitalization
Policy Term Limit (Days)250 days of Hospitalization
Surgical Cash ( Lump-Sum Upto Rs)50,000100000150000200000250,000
Minor (10%)5,00010,00015,00020,00025,000
Intermediate (15%)7,50015,00022,50030,00037,500
Major (35 %)17,50035,00052,50070,00087,500
Supra major (100%)50,000100,000150,000200,000250,000
  • 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.

Max New York Life Insurance LifeLine MediCash Plus Plan
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