Benefits of New India Health Insurance
Founded in the year 1919, New India Assurance Co. Ltd. is the largest public sector general insurance company in the country based on the collection of gross premium. It is a Multinational General Insurance Company that operates in 28 different countries. The company caters to several sections of the society by offering them various insurance products, and health is one of them.
New India Assurance has managed to build a good reputation in the health insurance industry in India by providing comprehensive health insurance plans for individuals, families, parents, senior citizens, etc. The easy buying and renewal process of the company helps the customers instantly purchase and renew the health insurance plan online within a few minutes.
New India Assurance offers various plans specially designed to offer extensive coverage like alternative treatments, pre and post-hospitalisation cover, cover for pre-existing diseases, etc. Apart from these, the policyholders also get added advantages of cashless hospitalisation, dedicated customer support team, provision of the grace period, portability, lifelong renewability of the policies, and so on.
Additional Benefit of Free Health Check upNew India Assurance provides free health check-up to the policyholders at the end of every three claim-free years. This benefit is included in most of the health products offered by the company.
Additional Protection over Employer CoverageEven if you are covered under a health insurance plan provided by your employer, there still may be some illnesses that you are not covered for. But, with the right health insurance plan by New India Assurance, you can upgrade your basic plan and avail the benefit of additional protection.
Cashless BenefitHealth insurance plans by New India Assurance are designed to help you overcome financial stress at the time of medical emergency. With such plans, you can avail cashless treatment at more than 1,200 network hospitals across India.
Claim Settement RatioThe most important reason to purchase a health insurance plan is to stay assured that all or most of your medical expenses incurred by you on treatment get eventually paid by the plan. New India Assurance has a high Claim Settlement Ratio of 96.61%* which means that it settles most of the claims on time leaving the customers satisfied. *CSR change from time to time.
Coverage against Medical ExpensesNew India Assurance provides suitable cover against medical expenses through its comprehensive health insurance plans. These plans usually cover pre and post-hospitalisation expenses, daycare treatment, ambulance charges, domiciliary charges and so on.
Incurred Claim RatioIncurred Claim Ratio is the rate of net claims paid by an insurance company to the net premium collected. It is the overall value of each claim a company has paid for divided by the total sum of premium collected in the same duration. The Incurred Claim Ratio for New India Assurance for the year 2018-2019 is 103.19%*. *Note that an insurer’s ICR changes from time to time.
Tax BenefitOn purchasing health insurance plans from New India Assurance, you can enjoy tax benefits on premiums paid under Section 80D of Income Tax Act, 1961.
New India Health Insurance Plan List
|Name of Plan||Sum Insured|
|Floater MediclaimMin: 3 Months; Max: 65 Years||2 Lakh||Get Quotes Now|
|Senior Citizen Mediclaim PolicyMin: 60 Years; Max: 80 Years||1 Lakh||Get Quotes Now|
|Mediclaim PolicyMin: 3 Months; Max: 65 Years||1 Lakh||Get Quotes Now|
|Cancer Mediclaim PolicyMin: 18 Years; Max: 70 Years||50,000||Get Quotes Now|
|Premier Mediclaim PolicyMin: 3 Months; Max: 65 Years||15 Lakh||Get Quotes Now|
|Corona Kavach PolicyMin: 1 day; Max: 65 years||50,000 - 5 lakh||Get Quotes Now|
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New India Health Insurance FAQs
Does New India Assurance offer any health insurance plan for a family?
Yes. New India Assurance offers health insurance plans specially designed for families. Some of them are-New India Premier Mediclaim Policy, New India Floater Mediclaim Policy and New India Mediclaim Policy.
Is pre-acceptance medical check-up required to buy health insurance policies from New India Assurance?
Yes. Some policies by New India Assurance require the applicants to undergo a pre-acceptance medical check-up. However, if the proposal is accepted, then 100% of the cost of this check-up is reimbursed to the Proposer.
Does New India Assurance provide Hospital Cash benefit under any of its health insurance plans?
Yes. New India Assurance provides Hospital Cash benefit up to a specified limit under some of its health insurance policies like-New India Asha Kiran Policy, New India Premier Mediclaim Policy and New India Floater Mediclaim Policy.
What is the toll-free customer care number of New India Assurance?
The toll-free number of New India Assurance is 1800-209-1415.
What is the address of New India Assurance?
The address of The New India Assurance is-
New India Assurance Building,
87, MG Road, Fort, Mumbai
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