Cumulative Bonus Under Mediclaim policy

(Sponsored article from New India Assurance)

Cumulative bonus has been revised with a maximum limit of 30% instead of 50%. The Cumulative bonus shall be progressively increased by 5% for each claim free year of the policy of our Company. No Cumulative Bonus on renewal of policy of other insurers and the same will be treated as fresh.

Procedure for Cumulative Bonus (CB) of Expiring policy on renewal as Mediclaim Policy (2007).

The Cumulative Bonus already earned will be shown separately under the Policy. A one-time increase of 5% Cumulative Bonus will be allowed to those insured persons who have already earned cumulative bonus ranging from 30% to 45%. No further increase in Cumulative Bonus will be considered in the subsequent intervals.

In the event of claim, entire Cumulative Bonus will be withdrawn at the time of renewal, irrespective of the claim amount.

Preferably single Mediclaim policy should be issued to one proposer. In case the insured is having more than one policy, the Cumulative Bonus will be withdrawn in all the policies, as contribution clause will be applicable.

(Sponsored article from New India Assurance)

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cdkhare

Can the insurance company throw light on circular by IRDA not to restrict claim for cataract operation to Rs.24,000.00

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shanuradhakrishnan

hai, my Aunty she and her daughter go for checkup in KIMS hospital in Thiruvananthapuram and they didn't claim for the checkup and they don't know about it. Actaully they take the Mediclaim Policy 2007[Hospitalization benefit Policy] on 2009 and they renew it. The policy number in 2013 to 2014 is 76090434120100000041. So far they didn't claim. So Can I know whether they can claim for the checkup

s.k.thakkar

can anyone tell me there is any new circular regarding this policy which declare that mimimum limit of mediclaim is compulsary of rs.2 lakh.please guide me urgently.

avrps2573g

i have a mediclaim polciy 2007 from new india assurance co. ltd. for Rs 300000/- this years which started from 75000/- in 2007-08 , 2008-09 100000/- onwards 300000/- for 3 consecutive years with any break sixth renewal falling on 14-09-0-12 . i have major heart stroke on 30-06-12 got addmitted to sahara hospital where i was done angioplasty following the ecg and angiography by the hsopital. when lodged the claim the raksha tpa only paid 127500/- quoting that the i have been having htn hipertension for last 12 yers so was restricted to the sum ensured of Rs 127500/- equal the SI before 4 complete policy years total expense was 210415/- ..is it justfiable on the part of the raksha tpa or the insruance company when the polciy does not speak clearly about the curtailing the claim amount like this. please guide me to get the balance of sum ensured. ashutosh gupta lakhimpur kheri UP

TheReviewer

If you have been a heart patient / Blood Pressure and if this info was not provided earlier, TPA action is justified. In fact, it is good on their part that they have given youalmost 60% of your expenses. However, many times either the agent misguides or our ignorance plays a role but to save on few Rs of Premium, such things are not disclosed to Insurance companies. But still I think since you are a loyal customer for several years, you should contest this decision first by escalating it to higher authorities in Insurance company [See their web-site], if no response, you can file a case in consumer court, if not satisfied.

rambabu

MD15-0006441811 i want to know the status of my health insurance

first go to your tpa website logn in your policy no u can easily know the policy details SI , claim status etc.