You Deserve Best of Health Insurance – Plan it with PayBima Health Advisory
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Headquartered in Mumbai, the New India Assurance Company Limited is a 100% government run conglomerate of India in commission in 28 countries across globe in the field of Insurance. The company was founded in the year 1919 by Sir Dorabji Tata and was nationalized in the year 1973 to encompass it as a subsidiary of GIC or General Insurance Corporation of India.
Later, the ownership of The New India Assurance was transferred to the government of India from GIC in the year 2003. Since the last 40 years, the company has pioneered in the segment of non-life or general insurance. The company has a network of over 2395 offices spread across the country.
Company Name | New India Assurance Company Ltd. |
Year of Establishment | 1919 |
Operating In | 28 Countries |
Company Type | Government Owned Multinational Company |
Company Headquarter | Mumbai |
Products Range | Over 170 |
Number of Offices | 2097 |
Number of Employees | 19000 |
Below are the products offered by New India Assurance:
Health Insurance – Offer individual health and family floater plans, plans for only girl child and senior citizen plan etc.
Motor Insurance – Offers car insurance, bike insurance and commercial vehicle insurance.
Travel Insurance – Offers coverage for unforeseen emergencies of travelers during trips outside.
Business & SME Insurance – Offers coverage against fire, burglary, jewelry theft, etc.
Miscellaneous Insurance – Offers aviation, marine and industrial insurance, along with rural and liability insurance.
Home & Contents Insurance – Offer coverage against fire for safeguarding home and Griha Suvidha policy.
Rural Insurance – Offer insurance cover for animal-driven handcarts along with offering insurance on poultry, farmers package, Janta personal accident insurance and so on.
Marine Insurance – Consists of policies such as voyage insurance, marine risk insurance, ship breaking insurance, port package insurance, etc.
Looking at the uncertainty of life, health insurance has become an essential part of life for everyone these days. With the help of health insurance by your side, you can easily manage the uncertainties in terms of health to make sure that you do not have to compromise on your health because of the financial crisis.
Below are some of the health plans offered by New India Health Insurance:
The comprehensive auto insurance policies available under the New India Assurance Co. Ltd ensure the protection of your car in the event of an accident or mishap. The Motor vehicle act of 1988 makes it compulsory for vehicle owners to at least have a third-party insurance for their vehicle so that they can pay for the liabilities of third-party person and property.
The Motor Insurance policies of New India Assurance are categorized as:
Commercial Vehicle Insurance – It protects various types of commercial motors that ply on the road via two types of cover namely; liability only plan and package plan. The first one covers third-party liabilities on behalf of the insured along with covering personal accidents of the car driver/owner. On the other hand, under the package insurance, you can have both the third party liabilities as well as covering the insured person’s car.
Private Car Insurance – This policy covers all private cars running on the road. Here also, you can enjoy both liability only and package policy.
Two-Wheeler Insurance – This policy covers all kinds of bikes and scooters and other two-wheelers running on the road. This plan also covers both third-party liability only coverage along with package policy.
New India Travel Insurance Co. Ltd. protects you against things like baggage loss, any medical crisis, flight delays and so on. Travel policies of New India Assurance make sure that you enjoy your global journey without any worries.
This insurance policy helps to protect the home and the valuables of the policyholder. Thus, this policy allow coverage from risks like theft, fire, natural calamities, appliance collapse etc. in three kinds of plans like:
Here are the steps to follow to renew New India Assurance plans online:
Depending on the claim that you want to make, the process differs. So, a motor insurance claims process might be different from a health claim. Here are some common steps involved in the claim process of New India Assurance.
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
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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