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National Insurance Company Limited (NICL) is a government owned general insurance company setup in India. It is the second-largest non-life insurance company of India.
The company which commenced in 1906 has its headquarters in Kolkata. Being one of the oldest insurance companies on India, this company has a wide network in North and East India. NIC's has had a steady growth over the years and its gross direct premium income stands at INR 9000 cr today.
National Insurance Company Limited (NICL) provides various kinds of insurance policies to its customers ranging from health, motor, travel, etc.
Personal Insurance: This insurance scheme includes medical insurance, motor insurance, etc.
Rural Insurance: Especially designed for rural and agricultural industries and business, this scheme provides protection in case of damage to rural businesses.
Industrial Insurance: It offers cover for damage caused to industrial products and goods in case of robbery, fire, floods, etc.
Commercial insurance: It offers cover for damages caused to goods and belongings during transit.
Personal Insurance
Health Insurance: If you don’t want to worry about the long expensive hospital bills, NICL’s health insurance policies are your saviour. It covers all your medical expenses and also provides other perks. Some of the plans under this scheme are:
The following is a summary of a few of the health policies:
National Mediclaim Policy | |
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Entry age |
18 years to 65 years. Children between 3 months - 18 years (at least one parent has to be covered under this plan). |
Max. Renewability Age | No Limits |
Medical Screening |
Not required for persons up to 50 years. Required for persons over 50 years |
Cover Sum Assured | Rs.50,000 to Rs.5 lakhs (in increments of Rs.25,000). |
Cover Basis | Individual or Family |
Costs Premiums Family Premium Discount |
Rs.856 to Rs.40,124 10% for covering an additional family member. |
Benefits Claims Claim updates Health Checks Emergency Assistance Hospital Network Tax Deduction |
Cashless and Reimbursement facilities. SMS alerts. After every 4 successive claim-free years, up to 1% of the basic sum assured. 24 hours TPA customer support. 6,000 plus, in over 1,500 areas. As per provisions U/S 80D of the Income Tax Act. |
Terms Portability Tax | Allowed. Service tax and TPA charges apply. |
Exclusions |
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National Mediclaim Plus Policy | |
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Entry age |
18 years to 65 years. Children between 3 months and 18 years. |
Max. Renewability Age | No Limits |
Cover Sum Assured |
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Exclusions |
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Parivar Mediclaim Policy | |
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Entry age |
18 years to 60 years. Children between 3 months and 25 years |
Max. Renewability Age | 65 years. |
Cover Sum Assured | Rs.2 lakhs to Rs.5 lakhs |
Cover Basis | Family Floater. |
Exclusions |
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Varistha Mediclaim Policy for Senior Citizens | |
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Entry age | 60 yrs. to 80 yrs. |
Max. Renewability Age | 90 yrs. |
Cover Sum Assured | Hospitalisation Cover - Rs.1 lakh; Critical Illness Cover - Rs.2 lakhs |
Cover Basis | Fixed sum assured per individual covered |
Exclusions |
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Critical Illness Policy | |
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Entry age | 20 yrs. to 60 yrs. |
Max. Renewability Age | 65 yrs. |
Cover Sum Assured | Rs.5 lakhs, Rs.10 lakhs, Rs.20 lakhs, Rs.25 lakhs |
Exclusions | 90 day waiting period |
Individual Personal Accident Policy | |
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Entry age | 5 yrs. to 70 yrs. |
Medical Screening | Not required |
Cover Sum Assured |
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Cover Premium Discounts |
10% discount for Family Package cover Discounts on Group Policies |
Exclusions |
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Janata Personal Accident Policy | |
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Entry age | 5 yrs. to 70 yrs. |
Eligibility Medical Screening | Not required |
Cover Policy Term | Up to 5 yrs. |
Cover Sum Assured | Rs.25,000 to Rs.1 lakh (in increments of Rs.25,000), per person, p.a. |
Cover Premium | Rs.15 per Rs.25,000 |
Cover Premium Discounts | Discounts on Group Policies, based on group size |
Cover Events |
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Exclusions |
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