Categories: Insurance

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
Criteria Eligibility
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
Age (yrs) Male Female
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
1 2 3 4 5
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
Minor (10%) 5,000 10,000 15,000 20,000 25,000
Intermediate (15%) 7,500 15,000 22,500 30,000 37,500
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
Others Upto
  • 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.

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