THE NEW INDIA ASSURANCE
COMPANY LIMITED
DIVISIONAL OFFICE - 712500
Allied
Mount Casa Blanca Building, 2nd Floor, 260 Anna Salai, CHENNAI-600 006.
Phone 044-852 2886, 044-852 3347 Fax : 044-858 6565
Email : nia25@vsnl.com
GOOD HEALTH INSURANCE POLICY
Policy Benefits | Age limit | Medical checkup | I want to buy this policy | Renewal of policy | Cancellation of Policy
New India Assurance and Citibank have jointly devised an innovative and
value for money product called
GOOD HEALTH Insurance Policy exclusively for the benefit of Citibank Card
members.
Good Health policy
provides Mediclaim Insurance and Personal Accident Insurance at very
attractive rates. This is an annual policy.
Citibank card members have the option of choosing either Mediclaim or
Personal Accident or both. For those availing mediclaim policy, benefit of
income tax deduction under section 80-D of Income Tax Act is available. Persons
who are all covered under Mediclaim Policy, have to produce their
photographs/signature for issuance of identity cards. These cards are
issued by our Third Party Administrator, TTK Health Care
Services Pvt.Ltd.,
What are the benefits available under this policy?
Group Mediclaim Insurance section provides for reimbursement of hospitalization expenses for illness/diseases/accidents up to the sum insured under the respective plan for the persons covered, subject to policy terms, conditions, and exclusions. It also provides cashless access to card members who are all covered under the Good Health Scheme Policies. Under these Good Health Policies , the claims will be processed and settled by our Third Party Administrator, TTK Health Care Services Pvt.Ltd.
Group Personal Accident Insurance section provides for the following benefits to insured persons, arising out of an accident, subject to policy terms, conditions, and exclusions :
|
Benefit (% of Sum Insured) |
Description of Accidental Loss |
| 100% | Death. |
| 100% | Loss of sight of both eyes |
| 100% | Loss of two entire hands or two entire feet |
| 100% | Loss of one entire hand and one entire foot |
| 100% | Loss of sight of one eye and either one entire hand or one entire foot |
| 50% | Loss of one eye or one entire hand or one entire foot |
| 50% | Loss of use of a hand or a foot without physical separation. |
| Varying % | Permanent total disablement other than those named above. |
| Varying % | Certain specified permanent partial disablement |
| Medical expenses arising out of an accident resulting in death/permanent disablement, subject to a maximum of 10% of the sum insured or claim amount paid, whichever is less, under the respective plan. | |
| Expenses incurred for transportation of the mortal remains of the fatal accident victim (insured person) to the place of residence subject to a maximum of 2% of the Capital Sum Insured or Rs.2,500/- whichever is less. | |
Who can avail this Good Health policy ?
Any person who is the holder of Citibank credit cards or Citibank Savings
Bank A/c can avail this Good health
Policy for self and/or family members only subject to certain restrictions with
regard to age limit & health condition.
What is the age limit for availing this Good Health
Policy ?
Personal Accident Insurance - Persons in the age group of 5 to 70
years.
Mediclaim Insurance
- Persons in the age group of 5 to 75 years
Children in the age group of 3 months to less than 5 years can be covered
provided
any
one of the parents is also concurrently covered under this Insurance.
Persons in the age group of 76 to 80 years can be covered only if they are
renewal
customers.
Is there any medical checkup required for taking this Good Health Policy ?
Personal Accident Insurance - No Medical checkup is required.
Mediclaim Insurance
- No Medical checkup is required for existing customers.
For fresh applicants, aged 56 years and above medical checkup is required
What is the procedure for availing this Good Health Policy ?
Fill up the Proposal Form for Good Health Policy
Being a Citibank card member all you have to do is,
simply call up your local Citiphone Officer for a Good Health
Policy Proposal
form. Fresh applicants aged 56 years and above for Mediclaim insurance have
to submit a
Medical Practitioner's Report Form together with the reports of specified
diagnostic tests, in addition to the proposal
form.
Each proposal form is designed to accommodate only 6
persons. Therefore if you wish to cover more than 6 persons,
you may kindly fill
up additional proposal forms.
Send in the completed Proposal form
Kindly send in the duly completed proposal form(s)
along with the Medical Practitioner's Report and the reports of
specified diagnostic tests
(wherever applicable) to CITIBANK
CARD CENTRE, No.2 Club House Road, Anna
Salai, CHENNAI-600 002, so as to reach
on or before 20th of the month previous to the month in which you wish
your Good Health policy to commence. For example, if you want coverage from 1st
August, your application should
reach above Citibank Card Centre on or before 20th July.
Applications received after
20th July but before 20th
August, will be taken up for coverage from 1st
September only.
For the convenience of Citibank card members, we have 12
Good Health Policies in a year, one policy for every
month, each commencing from
the 1st day of the month. Each Good Health Policy is of 12 months duration.
Payment of Premium
The premium for Good Health Policy in respect of eligible persons will be
debited to the Card/Account of the
customers
by Citibank. Premium rates for Good
Health Mediclaim Policy and Good
Health Personal Accident Policy
are given separately.
Issuance of Goodhealth Policy Certificate
Good Health Policy certificates will normally be despatched within 45 days of
the commencement of the policy, by
courier.
How to renew this Policy ?
Kindly look
in at Renewal of Policy
for details. Card members should ensure renewal of their Good health
policy
without any break. If you opt
for non-renewal of this policy or changes in members for subsequent policies,
kindly
inform the Citibank by filling in the application form indicating your preference and ensuring that it reaches at least
10 days prior to the
date of commencement of the policy. Once the policy is renewed no request for
alteration of
policy choice will be entertained.
How to cancel this
Policy ?
In case
renewal of policy was effected against the insured's option for non-renewal, the said policy may be
cancelled from its inception, at the request of
the insured to either Citibank/the Company, within
the
prescribed time limit, and full refund of
premium shall be made over to Citibank on behalf of
the insured by the
Insurance Company provided no claim has
occurred up to the date of cancellation. Citibank's confirmation of
receipt of request for such cancellation
will be binding upon the insured.
In all other cases the insured may at any time cancel
this policy and in such event the Company shall
allow refund of premium at Company's short
period rates only as indicated below, provided no claim has
occurred up to the date of cancellation.
Period on Risk
Rate of premium to be retained
Up to 1 month
1/4 th of the Annual Rate
Up to 3
months
1/2 th of the Annual Rate
Up to 6 months
3/4 th of the Annual Rate
Exceeding
6 months
Full Annual Rate
In the event of the insured
requesting for cancellation of this policy and seeks refund of premium,
any certificate issued to the insured for the purpose of claiming deduction
under Section 80-D of the Income-Tax Act, 1961, shall also be deemed to be
cancelled and the insured cannot claim any deduction for Income-Tax purposes,
against the such policy or certificate.
Policy Benefits | Age limit | Medical checkup | I want to buy this policy | Renewal of policy | Cancellation of Policy