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New India Assurance Health Insurance is a subsidiary company of the government of India with a global presence in over 28 countries worldwide. Headquartered at Mumbai, the company is a leader in the sector of non-life insurance with more than 100 years of existence.
Considered as direct insurer in the country, the company has a strong presence in India and in the international insurance market. Till December 2019, the company had 2935 offices with a employee base of 16795. New India Assurance general insurance company offers several types of insurance policies namely;
The health insurance segment of New India Assurance is considered as one of the most promising products. The company designed plans for:
Key Features | Specifications |
Network Hospitals Available | 1500+ |
Waiting Period (Pre-existing Ailments) | 4 years |
Claims Settlement Ratio | 92.68% |
Policies Issued | 16,83,506 |
Covid-19 cover | Available |
Renewability | Lifelong |
* Year Data 2019-20
The Indian operations of New India Assurance Health Insurance has won numerous awards and achievements.
The below mentioned benefits can be availed by procuring New India Assurance Health Insurance:
>> Choose Best Health Insurance Policy
The various plans available under New India Assurance Health Insurance Company include:
Here are details of some of the top New India Assurance Health Insurance Plans:
1. New India Floater Mediclaim Policy – This New India health insurance policy comes with 3 optional covers:
Eligibility
Features and benefits
2. New India Premier Mediclaim Health Insurance Policy – The New India Assurance mediclaim policy is available in two plan variants that you can choose from.
Features and benefits
Below are the steps to follow for procuring New India Insurance plan online:
Below are the steps to follow for New India Assurance premium renewal online:
Below are the steps to follow for cashless claims of New India Assurance mediclaim policy:
Also Read: What Is Copay in Health Insurance Policies?
The ratio of claims that are settled by an insurer during a policy year as against the complete claims that the insurer receives during the year is called Claim Settlement Ratio.
The claim settlement ratio of New India Assurance Health medical insurance for the financial year 2018-19 was 95.92%, while it was 92.68% for the FY 2019-20.
Financial Year | Claim Settlement Ratio |
2018-2019 | 95.92% |
2019-2020 | 92.68% |
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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