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National Insurance Company Limited

National Insurance Company Ltd. (NICL) is known to be India’s oldest running General Insurance Company, which was incorporated on the 5th of December, 1906. Headquartered in Kolkata, the company’s formation aimed to fulfill the nationalist aspiration for Swaraj. After nationalization, 66 years later, the company was merged with 21 foreign and 11 Indian companies to form the one of the 4 subsidiaries of the Government of India, the National Insurance Company Ltd. It is owned by the General Insurance Corporation of India.
NICL offers a range of coverage policies targeting at different sectors, health being a major one. Health insurance by National is a flexible insurance product, tailored to meet customers’ personalized requirements; it can fulfill the financial needs of individuals and their families.

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Plans Offered by National Insurance Company Limited

National health insurance plans come with numerous benefits. To start with, they basically offer comprehensive coverage to individuals and their family in case of medical emergencies. Customers can choose from a range of plans and avail family floaters too, to cover their entire family. Here are the most favored yet affordable health insurance plans offered by National health insurance –

    Plan Name : National Mediclaim Policy

      About the Plan:

      National Mediclaim Policy is coverage for you and your family that covers hospitalization expenses incurred for treatment of an illness or disease, or for any injury sustained by the insured person(s). Some of the key features of this policy are:

      • Those from 18 years to 65 years old are eligible. Also, children between 3 months and 18 years can be covered if at least one of the parents comes under this plan.
      • Sum Insured by the policy ranges between 50,000 and 5 lakhs (in multiples of 25,000/-).
      • The policy can be availed with either individual or family floater. If you opt for the latter, the ‘family’ must include the proposer, their spouse, dependent parents and dependent children.

          Benefits

          • This National health insurance policy covers 140+ day care procedures/ surgeries.
          • Under the No-Claim Bonus, the policy offers a 5% increase in the Sum Insured for every claim-free year. This benefit comes into force if the policy has been successively renewed.
          • Cashless Claim and Reimbursement facilities are also offered, which means you don’t have to pay any amount at the National’s network hospitals (for treatments covered by the policy). Also, in case of hospitalization at a non-network hospital, you can inform the company accordingly, and can claim a reimbursement for all the medical expenses which are covered under your policy.
          • You get Tax deductions under Section 80D of the Income Tax Act of 1961.

              Plan Name : National Mediclaim Plus Policy

                About the Plan

                National Mediclaim Plus Policy, as an extension of the basic policy, offers a comprehensive coverage that goes beyond the traditional covers, and safeguards against higher health care costs. The policy makes health related services much more easily accessible, and some of its salient features are:

                • The policy comprises of additional covers for Outpatient treatment and Critical illness that can be availed as an option.
                • The National Mediclaim Plus Policy has three sub plans, called Plan A, B and C, assuring varied sums.
                  • Plan A cover ranges from Rs.2 to 10 lakhs with increments of Rs.1 lakh.
                  • Plan B’s Sum Insured ranges between Rs.15 and 20 lakhs, with increments of Rs.5 lakhs.
                  • Plan C offers a Sum Insured of Rs.30 to 50 lakhs with increments of Rs.10 lakhs.

                  Benefits

                  • You get 5% increment on the Sum Insured for every claim-free year under the No-Claim Bonus, however, it is applicable only upon successive renewals.
                  • The plan makes the policy holder eligible for health checkup every 2 years – up to Rs.1,000 with Plan A, up to Rs.2,000 for Plan B, and up to Rs.3,000 with Plan C, irrespective of claims.
                  • The policy can be renewed lifelong.

                      Plan Name : Parivar Mediclaim Policy

                        About the Plan

                        Parivar Mediclaim is a floater policy that provides protection to the policy holder’s entire family against the financial burden of hospitalization, treatment for illness or disease, and accidental injury. The key features of the policy are:

                        • The policy covers the immediate family consisting of you, your spouse and two dependent children (of 3 months to 25 years).
                        • Those whose age is between 18 years to 65 years old are eligible to avail the policy.
                        • The sum insured ranges between Rs.2 lakhs to Rs.5 lakhs (in increments of Rs.50,000/-).
                        • The payout for each illness is subject to a 50% limit of the Sum Insured you’ve opted for.

                            Benefits

                            • Covers up to 15 days of pre-hospitalization expenses, and up to 30 days of post-hospitalization expenses.
                            • Your entire families consisting of you, your spouse, and your dependent children are covered under a single floater sum insured.
                            • Cashless facility can be availed through TPA*.
                                Note:*Third Party Administrator

                            Benefits

                            Claim Process at National Insurance Company Limited

                            Based on the terms of the National health insurance policy, an insurance claim is a formal request made to National Health General Insurance to get the expenses incurred at a medical facility, reimbursed. Once you request a claim, the company reviews the claim for its validity and then pays out to the insured.

                            Review of National Insurance Company Limited

                            National Insurance Company Ltd. has been recognized as one of India's Premium financial sector brands by The Economic Times. NICL is acknowledged as the backbone of Indian insurance system, which plays a significant role in helping people live better lives across the country. The National health insurance plans are among some of the most sought after and trusted.
                            Compare National health insurance plans with several other plans offered at Insurance Inbox, and make the right choice as per your health insurance needs!

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