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- Insuring You
- Eldest Member Age: 26-30
- Sum Insured: ₹ 5L
Priced Moderate
National Mediclaim Policy
- Product features25/100
- Price73/100
- Claims experience52/100
The 1 Finance Score is a weighted average based on price, product features, and claims experience.
54Must-Look Features
Room RentUpto 1% of SI- No Claim Bonus (NCB)Max up to 50% of SI
- Recharge of SI (RSI)Not available
- Pre-Existing Diseases (PED)Covered after 4 years
Co-payment (Co-Pay)No Co-pay, voluntary Co-pay options are available- Health and WellnessCheck up once after every 4 claim-free years, max limit of ₹5,000
Claims Experience
- Claim Settlement Ratio (CSR) - Number88.89%
- Claim Settlement Ratio (CSR) -Amount96.48%
- Incurred Claim Ratio (ICR)91% signifies expensive pricing & low claims payments
- Ageing of Claim94.96%
- Network Hospitals6000
- Pre-hospitalisation30 days
- Post-hospitalisation60 days
- Daycare treatments140+ daycare procedures covered
- Ambulance cover1% of the SI, subject to a maximum of ₹2,000 in a policy period
- Domiciliary hospitalisationAvailable (for any expenses incurred on domiciliary hospitalisation)
- Organ donor coverOnly hospitalisation expenses covered
- Second opinionOne medical second opinion for each major illness (as listed in Appendix II to the policy)
- Daily allowance
Daily hospital cash of ₹500 provided for a maximum of 5 days
- AYUSH treatmentCovered up to SI
- Modern treatment methodsCovered up to 25% of SI, for each treatment
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About National Insurance
National Insurance Company Limited, founded in 1906 in Kolkata, West Bengal, is India's oldest general insurance company. In 1972, it merged with 21 foreign and 11 Indian companies to form one of the four wholly-owned subsidiaries of the General Insurance Corporation of India. Initially recognised as a subsidiary of the Government of India, it gained independence in 2002 and became an autonomous general insurance provider.
About National Insurance
National Insurance Company Limited, founded in 1906 in Kolkata, West Bengal, is India's oldest general insurance company. In 1972, it merged with 21 foreign and 11 Indian companies to form one of the four wholly-owned subsidiaries of the General Insurance Corporation of India. Initially recognised as a subsidiary of the Government of India, it gained independence in 2002 and became an autonomous general insurance provider.
- FOUNDED IN1906
- CEOSiddhartha Majumdar
- HEADQUARTERSKolkata, India
- AUM₹28,520.92 Cr
- GROSS WRITTEN PREMIUMS (GWP)₹15,753.48 Cr
- COMBINED RATIO127.00%
Combined ratio assesses an insurance company's financial health by indicating the percentage of earned premiums used for claims and expenses.
A combined ratio below 100% means the company profits from underwriting, while a ratio above 100% implies it pays out more in claims and expenses than it collects in premiums.
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