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Last updated on: August 7, 2025
The New India Assurance Floater Mediclaim Policy and the Oriental Youth Eco Basic Policy are both prominent health insurance plans in India, but they cater to different needs. The Floater Mediclaim Policy by New India Assurance is ideal for families, providing comprehensive coverage that can be shared among all insured members, including hospitalization, pre- and post-hospitalization expenses, maternity, and newborn cover. It offers flexibility in sum insured and is suitable for all age groups. In contrast, Oriental Youth Eco Basic Policy specifically targets young adults (18–25 years), offering affordable premiums and tailored benefits such as wellness programs and outpatient cover, though with limited sum insured and fewer family-inclusive features. Choosing between them depends on whether broad family coverage or cost-effective, youth-centric benefits are the primary requirement.
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Selecting the appropriate health insurance in India is not a trivial exercise considering the huge number of choices that are based on the needs and age. Within the country, two of the most popular government general insurers offer truly popular policies in 2025; the New India Assurance Floater Mediclaim Policy and the Oriental Youth Eco Basic Policy.
The two have strong coverage with fair premiums but they support various stages of life and needs. The New India Floater Mediclaim is a product that protects the family health and offers more members a single policy, making it more flexible. On the other hand, the Youth Eco Basic Policy launched by Oriental is a low cost, youth-based service designed to offer younger Indians with the much needed, environment-friendly healthcare services.
This article pitches the main features, advantages, and disadvantages as well as practical scenarios of each, allowing you to choose which one would best suit your medical requirements in 2025.
The New India Assurance Floater Mediclaim Policy is tailored to suit the family that is interested in broad-based coverage and large sum insured at competitive rates. Here’s what makes it stand out:
Expert Insight:
Family floater health plans like New India Floater Mediclaim may reduce your individual premium per person by as much as 25 percent compared to the individual policies particularly those of young families below 45 years. - Analyst in insurance industry, Mumbai.
Oriental Youth Eco Basic Policy has been developed to target young Indians (usually between 18-35 years old) in order to make them adopt health protection at an early age. Its 2025 version is centered on affordability, convenience of digital processes, and processes that are environmentally sustainable.
Did You Know?
Already in 2025, close to 30 percent of new Indian health insurance purchasers will be younger than 30, attracted by environmentally friendly and online-only health plans such as Oriental Youth Eco Basic Policy.
The comparison table is shown below and allows a brief look at the major differences and similarities.
| Features | New India Floater Mediclaim | OYE Basic |
|---|---|---|
| Eligibility | Family (18-65 years) | Individual (18-35 years) |
| Sum Insured (Range) | Rs 2-15 lakh | Rs 2-5 lakh |
| Day Care Procedures | 140+ | 160+ |
| Waiting Pre-Existing Disease | 4 years | 3 years |
| Room Rent Limit | 1/4th of sum insured daily | Limited to regular ward only |
| AYUSH Coverage | Optional as add-on | Built-in up to 25 percent |
| Wellness Benefits | Add-on | In-built, application-based |
| Tax Benefits Section 80D | Yes | Yes |
| Premium (Rs 5 lakh Sum) | Rs 7500-8500 (family 4, age 35) | Rs 2200 (individual age, 28) |
In the year 2025, Radhika (28) an engineer purchased Oriental Youth Eco Basic Policy to herself and paid Rs 2200/year and used the app of the insurer to monitor her steps resulting in a future discount. The parents 58 and 62 years old took the Floater Mediclaim of New India with a sum of insured of 8 lakh in their own and that of the sibling of Radhika at a family premium of Rs 14,200/annum.
People also ask:
Q: Can I purchase for my parents Oriental Youth Eco Basic Policy?
A: No, it is reserved only to those in the age group of 18-35. New India Floater Mediclaim is more appropriate as a policy to parents.
Expert Insight:
In 2025, the pace of approved cashless and environmentally friendly processing is a significant distinction factor, particularly amongst tech-sensitive, younger customers who desire their services to be immediate. - digital transformation consultant of health insurance.
People also ask:
Q: Do the policies make day care treatment cashless?
A: Yes, the two provide cashless payment in line-up day care processes in network hospitals.
Every health insurance plan is subject to certain exclusions and waiting in India.
Did You Know?
The waiting periods of certain groups in corporate plans might be relaxed by some insurers, but not in these government schemes among the retail consumers.
People also ask:
Q: Is it possible to disallow claims because of pre-existing disease which has not been disclosed?
A: Yes, any non-disclosure or misrepresentation of medical history can result in a denial of this claim according to the policies.
There are slight increases in health insurance premiums in 2025 caused by increasing hospitalisation costs and change of regulations on minimum sum insured. Premiums have a sample table that is shown below:
| Age of the insured | Oriental Youth Eco Rs 5 lakh | New India Floater Mediclaim Rs 5 lakh |
|---|---|---|
| 24 | Rs 1900 | NA (family floater only) |
| 35 | Rs 2200 | Rs 7500 (family of 4) |
| 45 | Not Eligible | Rs 9600 (family of 4) |
| 60 | Not Eligible | Rs 15,200 (family of 2, senior age) |
People also ask:
Q: Do you have group discounts?
A: Yes, the two plans can have group discounts on coverage through the schools or employee schemes.
An IT professional who is 26 years old wants to have a pocket-friendly and digital and environmental friendly individual cover. The Oriental Youth Eco Basic Policy would be the best one, which would provide discounts on wellness points, and a digital claims process.
A 38-year-old father, who has a spouse, two children, and aged parents, seeks an inclusive coverage to the entire family. High amount insured, additional riders and tax savings will be offered through the family floater model such as New India Floater Mediclaim.
Did You Know?
The government-controlled Indian insurers claimed an increase of 19 percent in the purchase of the floater policies in the year 2025 by the joint families mainly due to the rise in inflation related to health and better online shopping experiences.
Q: Can I purchase both Oriental Youth Eco Basic as well as a floater plan?
A: Yes, but not under both, when there is an overlapping hospitalisation claims.
Q: What is the best plan in case of a family with elderly parents?
A: New India Assurance Floater Mediclaim Policy will be more appropriate because of the increase in age eligibility and all-inclusive benefits.
Q: Are these plans covered with alternative therapies?
A: AYUSH cover is in-built in Oriental Youth Eco Basic, yet in New India, it is optional and a supplement.
Q: Do online policies purchase more safely in 2025?
A: The major insurers do have robust digital KYC and online purchase and renewal digital safeguards, which are IRDAI-compliant.
Q: How do I get the best rate?
A: Compare instant premiums, features, and sum insured in various insurers, using an IRDAI-approved online marketplace.
Q: What about health checkups?
A: Preventive checkups are rewarded in the policy of Oriental. New India covers checkups with select plans more than Rs 5 lakh.
Finally, both the New India Assurance Floater Mediclaim Policy and Oriental Youth Eco Basic Policy address gaps that are being created in the changing health insurance environment in India. Families or those interested in legacy and scope might lean towards what New India offers whereas youthful and health conscious people might find the eco-digital approach to be the best choice of Oriental. You should also evaluate your medical needs, family history, and financial goals when purchasing - and never shop across insurers when you want to get the most suitable one.
How could we improve this article?
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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