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THE NEW INDIA ASSURANCE HEALTH INSURANCE

New India Assurance health insurance covers all your medical needs and secures you against increasing healthcare costs. Its feature-rich plans offer pre/post-hospitalisation coverage for you and your family members with lifetime renewability at affordable rates. 

  • 1.5 million+ policies issued.
  • Incurred claim ratio: 85.66%.
  • 96.6% claim settlement ratio.
  • Dedicated teams for claim settlement.
  • Grievances solved: 99.94%.
  • Operations across 28 countries.

New India Assurance is the largest general insurance company in the country. It serves millions across India through its 1,200+ strong cashless hospital network and 24x7 claim assistance services.

 

Features & Advantages: New India Assurance Health Insurance Plans

  • Owned by the Indian Government.
  • Plans cover you and your family members.
  • Covers expenses for 30 days before hospitalisation and 60 days after hospitalisation for related medical expenses.
  • Pre-existing diseases are covered after 4 years of the waiting period.
  • Offers health checkup costs at the end of three claims-free years.
  • AAA/Stable rating from CRISIL.
  • Over 3,000 offices all over India.

 

New India Health Insurance Plans

1] New India Asha Kiran

  • Designed for parents with only one girl child.
  • Available for individuals between the ageof 18 and 65 years.
  • You and your entire family can be covered under a single sum-insured (Floater).
  • Provides protection against unforeseen hospitalisation expenses and accident cover to the proposer and spouse.
  • The policy covers room-rent/boarding/nursing expenses and other expenses up to 1% of the sum insured per day.
  • Includes surgeons, anaesthetists, medical practitioners, consultants and specialists' fees.
  • Hospitalisation expenses (excluding the cost of organ, if any) incurred for the donor in respect of organ transplant.
  • Any hospitalisation arising out of conditions, ailments, injuries or related condition(s) for which the insured individual had signs/symptoms, or been diagnosed or received medical advice, or been treated for any condition or disease, is not covered.
  • Specific daycare treatments (treatments done within 24 hours) are covered.
  • Pre-acceptance test is required for all the members entering after the age of 50 for the first time.

 

2] New India Cancer Guard Policy

  • Available for individuals between the age of 3 months and 65 years.
  • Sum insured options: 5, 10, 15, 25 and 50 lakh rupees.
  • Covers conventional treatments such as chemotherapy, radiotherapy, organ transplant and onco-surgery.
  • Also covers advanced treatments like proton treatment, personalised and targeted therapy, hormonal therapy or endocrine manipulation, immunotherapy (including immunology agents), stem cell transplantation and bone marrow transplantation.
  • Includes room rent, boarding and nursing expenses.
  • 58 daycare procedures are covered.
  • 50% of the sum insured is paid as critical care benefit in addition to the admissible claim amount (if an insured individual is first time diagnosed for cancer, and he/she is in stage-4).
  • A waiting period of 90 days.
  • Post-treatment follow-up is paid up to 10,000 rupees once during the insurance period.
  • No medical checkup is mandatory.

 

3] New India Floater Mediclaim Policy

  • Available for individuals between the age of 18 and 65 years.
  • Children from the age of 3 months to 25 years can be covered provided they are financially dependent.
  • Minimum two and a maximum of six members can be covered.
  • Sum insured options: 2, 3, 5, 8, 10, 12 and 15 lakh rupees.
  • All members covered under the policy can avail a single sum insured towards hospitalisation expenses (on a floater basis).
  • 139 daycare procedures are covered.
  • Critical care benefit: 10% of the sum insured.
  • Add-on covers: No proportionate deduction, maternity expenses benefit for sum insured 5 lakh rupees and above and revision in the limit of cataract.

 

4] New India Mediclaim Policy

  • Available for individuals between the age of 18 and 65 years.
  • Children from the age of 3 months to 25 years can be covered provided they are financially dependent.
  • Sum insured options: 1, 2, 3, 5, 8, 10, 12 and 15lakh rupees.
  • Insured individuals are covered under a single dedicated sum insured.
  • Pre-existing diseases waiting period: 48 months.
  • Ayurvedic, Homoeopathic and Unani treatments are covered for up to 25% of the sum insured.
  • 139 daycare procedures are covered.
  • Health-check up for every 3 claim-free years.
  • Add-on covers:No proportionate deduction, maternity expenses benefit for sum insured 5 lakh rupees and above, revision in the limit of cataract and if voluntary co-pay of 20% is chosen then 15% discount on the premium will be given.

 

5] New India Premier Mediclaim Policy

  • Available for individuals between the age of 18 and 65 years.
  • Children from the age of 3 months to 18 years can be covered provided one or both the parents are covered concurrently. Those from the age of 18 to 25 years can be covered provided they are financially dependent on the parents, and one/both parents are covered simultaneously.
  • You and your entire family are covered (including your spouse, dependent children and dependent parents).
  • Minimum one and a maximum of six members can be covered.
  • Sum insured options: Plan A: 15-25 lakh rupees and Plan B: 50 lakh-1 crore rupees.
  • The policy covers room-rent/boarding/nursing, ICU and ICCU expenses, actually incurred.
  • Includes surgeons, anaesthetists, medical practitioners, consultants and specialists' fees.
  • Hospitalisation expenses (excluding the cost of organ, if any) incurred for the donor in respect of organ transplant.
  • Critical care benefit: 2 lakh rupees for Plan A and 5 lakh rupees for Plan B as an additional benefit (other than the admissible claim amount) [if an insured individual is diagnosed for the first time].
  • OPD coverage: 5,000 rupees for Plan A and 10,000 rupees for Plan B (After every block of two consecutive claims-free years).
  • Maternity and child care benefit: Insurer's liability for expenses shall be restricted to 50,000 rupees for Plan A and 1 lakh rupees for Plan B (provided the insured mother has continuous coverage of thirty-six months). 
  • Ayurvedic, Homoeopathic and Unani treatments are covered for up to 20% of the sum insured.
  • Pre-acceptance test is required for all the members entering after the age of 50 for the first time.

 

6] New India TOP-UP Mediclaim Policy

  • Offers protection in excess of any Primary health policy or benefit scheme that you may have.
  • The policy comes into effect only when the aggregate of all hospitalisation expenses (except pre and post hospitalisation) of one or all members exceeds the "Threshold" stated in the insurance policy [subject to the sum insured].
  • The insurance policy can be issued on individual or floater sum-insured basis covering up to 6 family members (you, your legal spouse, dependent children and dependent parents).
  • Children from the age of 3 months to 18 years can be covered provided one or both the parents are covered concurrently. Those from the age of 18 to 25 years can be covered provided they are financially dependent on the parents, and one/both parents are covered simultaneously.
  • Pre-existing diseases waiting period: 48 months.
  • Covers inpatient hospitalisation expenses incurred in India.
  • Room Rent, boarding and nursing expenses incurred are subject to a cap of 5,000 rupees/day for 5 lakh rupees threshold and 8,000 rupees/day for 8 lakh rupees threshold.
  • Includes surgeons, anaesthetists, medical practitioners, consultants and specialists' fees.
  • Hospitalisation expenses (excluding the cost of organ, if any) incurred for the donor in respect of organ transplant.
  • Pre–acceptance health checkups are required for individuals above 50 years of age or those with adverse medical/claims history.

 

General Exclusions of New India Medical Insurance

  • Diseases contracted within the first 30 days of the insurance policy.
  • Dental treatment (except arising out of accident), circumcision, cosmetic surgery, plastic surgery (unless required to treat injury/illness), cost of getting vaccination, inoculation and expenses related to pregnancy or childbirth.
  • Expenses incurred on unproven/experimental treatments.
  • Any breach of law or participation in actual/attempted felony, riot, crime, misdemeanour or civil commotion.
  • Payment of compensation due to death/disablement arising out of suicide, attempted suicide, pregnancy, childbirth, war, nuclear perils, ionizing radiation, radioactivity, HIV/AIDS, death due to any disease and natural reasons.
  • Treatments done outside India and domiciliary treatments.

 

Note: Please refer to detailed insurance product brochures for policy/plans-specific exclusions.

 

New India Assurance Medical Insurance Premium

New India health insurance premiumis based on factors such as your age, medical history, lifestyle habits, the sum insured and type of cover you choose. 

One can compare policies and plans by visiting New India Assurance's official website. Alternatively, you may use established online insurance comparison portals such as www.Quickinsure.com to explore quotations, simplify and speed up the process of buying medical insurance.

 

 

New India Assurance Health Policy Renewal & Purchase

One can apply for/renew health insurance policy by viewing and comparing quotes online through insurance comparison platforms such as www.Quickinsure.com.

                                                      

New India Assurance Health Insurance Review

New India Assurance Company Limited,established in 1919, is a government-owned public sector direct insurer with strong domestic and international presence.

It provides a variety of reasonably-priced health insurance policies customised as per tenure and the sum insured. It boasts of remarkable financial health and is often considered one of the safer options when it comes to claim-settlements.

 

New India Assurance Health Policy: FAQs

Q: I already have life insurance. Do I need a health insurance policy?

Life insurance does not help you in paying rising medical bills. A health insurance cover protects you against unexpected health-related costs, enables you to deal with hospitalisation and takes care of your expenses.

Q: What is the difference between a mediclaim policy and a health insurance policy?

Mediclaim policy only brings coverage against hospitalisation and treatment expenditure for pre-specified illnesses (as per the sum insured). However, your healthcare insurance covers both pre and post hospitalisation expenses.

Q: What's the right level of cover for me?

It would depend on your age, annual income, medical background, lifestyle, pre-existing diseases, members of your family and residential address.

Q: How can I avoid being underinsured?

By making a careful assessment of your needs, opting for an adequate sum insured, going through the exclusions/conditions thoroughly and seeking help from professional comparison portals such as www.Quickinsure.com.

Q: Can you please explain New India Assurance's claim settlement process?

In case of your planned hospitalisation, intimate the insurer's Third-Party Administrator (TPA) 48 hours before hospitalisation and for any unplanned one, it should be done 48 hours within hospitalisation.

  • Cashless claims: Hospital submits a pre-authorisation form to the TPA. The claim settlement is made directly to the network hospital.
  • Reimbursement claims: The policyholder submits supporting documents with the duly filled claim form to the TPA. The amount directly gets transferred to your bank account.

 

Disclaimer: The information shared is purely indicative. Please refer to the policy wordings for most up-to-date and precise details.