Paripoorna Mediclaim: Central Govt Employees to Get Paripoorna Mediclaim with Huge Premium Discounts
Paripoorna Mediclaim: Taking into account the health security of Central Government employees and pensioners, the government has initiated a significant new measure. Given the skyrocketing medical costs in recent times, many remain anxious about healthcare expenses. To alleviate these concerns, the Central Government Health Scheme (CGHS), in collaboration with New India Assurance, has launched the “Paripoorna Mediclaim Ayush Insurance”. This new scheme serves as an excellent alternative to standard health insurance for government staff.
Insurance Coverage and Financial Security
Under this new health insurance plan, central employees will receive substantial coverage to protect themselves and their families. The policy is fully effective for hospitalization expenses incurred anywhere across India.
- Sum Insured: Beneficiaries can choose a ‘Sum Insured’ ranging from ₹10 lakh to ₹20 lakh based on their needs and affordability. This provides massive financial support in case of major medical emergencies.
- Pre and Post Hospitalization: The insurance covers not just the expenses during the hospital stay but also costs incurred before and after. Medical expenses for 30 days prior to admission and 60 days after discharge are included in this policy.
Installment Facility and Huge Premium Discounts
One of the most attractive features of “Paripoorna Mediclaim” is the flexibility in premium payments. Insured individuals can choose to pay the premium in two installments instead of a lump sum. Furthermore, opting for a ‘Cost Sharing’ model can yield significant discounts on the premium.
| Cost Sharing Model | Discount on Premium |
|---|---|
| 70-30 Model (Insured pays 30%) | 28% Discount |
| 50-50 Model (Insured pays 50%) | 42% Discount |
In simple terms, if you agree to bear half or 30% of the treatment cost yourself, you can save nearly half on the insurance premium. This model is particularly beneficial for those who are generally healthy but want to maintain insurance for major unforeseen events.
Bonus and Room Rent Rules
This policy by New India Assurance also entails specific conditions and benefits regarding hospital room rent and No-Claim Bonus:
- Room Rent: The insurance company will cover normal room rent up to 1% of the base sum insured and ICU charges up to 2%.
- No Claim Bonus: If no claim is made in a particular year, the insured will receive a 10% bonus the following year. This bonus can accumulate annually and increase up to 100% of the base sum insured. This means there is an opportunity to double your coverage if you remain claim-free.
This initiative by the Central Government comes as a great relief for employees, and especially for elderly pensioners. It promises not only to reduce medical expenses but also to ensure financial security during retirement.
