About New India Assurance Health Insurance
New India Assurance Health Insurance is a 100% government-owned, public enterprise offering several customisable insurance plans across sectors. It is currently the only direct insurer in India that has received an A-(Excellent) rated by AM Best Company since 2007. New India medical insurance offers a range of plans covering health insurance for individuals and families. They simultaneously provide riders for critical illnesses and accidents. With such customizability and range of riders, they can offer the extensive financial coverage their customers require.
New India Assurance Mediclaim has over 1200 network hospitals. This small number allows them to review cashless claims better and maintain their 95.92% Claim Settlement Ratio. Combined with them being a public sector enterprise makes them more approachable to the public, showing how much the government truly cares about the public.
The various New India Assurance Health Insurance Plans are:
- New India Asha Kiran Policy
- New India Cancer Guard Policy
- New India Floater Mediclaim Health Insurance
- New India Mediclaim Policy Health Insurance
- New India Premier Mediclaim Policy Health Insurance
- New India Senior Citizen Mediclaim Policy Health Insurance
Let’s take a closer look at every New India Health Insurance policy.
New India Asha Kiran Policy
- Entry Age: 18-65 years (Adults); 3 months - 25 years (Children)
- Policy Term: 1 year
- Sum Assured: Rs.2-5 lakhs
- Pre and Post-Hospitalisation: 30 and 60 days, respectively.
Other benefits:
- This family floater policy is applicable for families with only daughters and is specific to their care.
- It covers 11 critical illnesses as well as pre-existing diseases like diabetes and hypertension.
- Includes personal accident coverage with compensation ranging from 50% to 200% depending on the extent of injury (or death) from the accident.
New India Cancer Guard Policy
- Entry Age: 3 months - 65 years
- Room Rent, Boarding and Nursing Expenses: For Sum Insured for 5, 10 and 15 Lakhs (Single AC room); For Sum Insured for 25 and 50 Lakhs (Deluxe room)
- Sum Assured: Rs.5-50 lakhs
- Cancer Care Benefit: 50% of the Sum Insured would be paid as Critical Care Benefit
Other benefits:
- Cumulative Bonus: 10% increase for a claim-free year of Insurance, up to a maximum of 50% of the Sum Insured.
- Ambulance Charges: Up to Rs. 3000 per hospitalisation
- 58 Day Care Procedures covered in the policy.
New India Floater Mediclaim Health Insurance
- Entry Age: 18-65 years (Adults); 3 months - 25 years (Children)
- Policy Term: 1 year
- Convalescence Benefit: Rs.2-15 lakhs
- Renewability: Lifelong
Other benefits:
- ICU Charges Coverage: Up to 2% of Sum Insured for each day
- Room rent, boarding charges, nursing charges and other such expenses covered up to 1% of Sum Insured
- Coverage for your donor’s in-patient hospitalisation expenses during organ transplant
New India Mediclaim Policy Health Insurance
- Entry Age: 18-65 years (Adults); 18-25 years (Child)
- Policy Term: 1 year
- Sum Insured: Rs.2-15 lakhs
- Pre and Post-Hospitalisation: 30 and 60 days, respectively.
Other benefits:
- Hospital Cash Benefit: 0.1% per day up to 1% of the Sum Insured.
- Ambulance Coverage: Up to 1% of Sum Insured
- Discounts offered during renewal between policy terms.
- Optional Maternity Benefit: Up to Rs. 5 lakhs
New India Premier Mediclaim Policy Health Insurance
- Entry Age: 18-65 years (Adults); 3 months - 18 years (Child)
- Policy Term: 1 year
- Sum Assured: Rs.15-25 lakhs (Plan A); Rs.50 lakhs - Rs.1 Crore (Plan B)
- Pre and Post-Hospitalisation: 60 and 90 days, respectively.
Other benefits:
- This is the only policy which covers infertility and sexually transmitted diseases treatments.
- Maternity and childcare cover: Rs.50,000 (Plan A); Rs.1,00,000 (Plan B)
- Critical Care Benefit: Rs.2,00,000 (Plan A); Rs.5,00,000 (Plan B)
New India Senior Citizen Mediclaim Policy Health Insurance
- Entry Age: 60-80 years
- Policy Term: 1 year
- Sum Assured: Rs.2-5 lakhs
- Pre and Post-Hospitalisation: 30 and 60 days, respectively.
Other benefits:
- Covers ambulance charges
- Pre-existing conditions like diabetes and hypertension after 18 months
- After 4 claim-free years, the prescribed pre-acceptance health check will be reimbursed
The Benefits of Choosing Any New India Insurance Policy
The New India Assurance Health Insurance policies have received high recognition and multiple positive reviews. With multiple riders and the customizability offered under New India Health Insurance plans, they continue being one of India’s foremost public sector insurance providers.
- The New India Health Insurance Company offers a wide range of sum insured options from Rs. 1 lakh to Rs. 1 crore, depending on the customer’s needs. This way, you remain protected and financially secure at every turn.
- The company offers the reinstatement of the sum insured in case the insured amount gets exhausted due to claims.
- Almost every plan offers lifetime renewability allowing you to avail benefits continuously.
- Most plans offer no-claim bonuses and increases in sum insured for claim-free policy terms.
- Every New India Assurance medical policy offers portability benefits, allowing you to switch from any policy to New India Assurance along with whatever portion of the waiting period is completed etc.
- The premiums paid under your New India insurance mediclaim policy are deductible under Section 80(D) of the Income Tax Act.
How to Calculate Your New India Assurance Health Policy Premium
When you renew your New India Health Insurance online, you need to pay a premium. When purchasing or renewing your policy, New India Assurance lets you calculate your premium. The parameters they use for this are:
- Type of plan chosen
- Number of family members included under a plan
- The geographical location of the insured
- Age of the insured members
- The sum assured opted and any rider benefits chosen
New India Assurance Claim Process
New India offers both cashless and reimbursement claims at their network and non-network hospitals, respectively. The 2 processes are:
New India Assurance Cashless Mediclaim Policy
- Ensure that you’re hospitalised at a network hospital. Intimate a TPA about this hospitalisation within 24 hours for unplanned hospitalisation and 48 hours before hospitalisation if planned.
- Submit the relevant cashless claim form to the TPA.
- The TPA will verify your documents and determine the validity of the claim.
- Upon approval, the insurer sends a pre-authorisation notice to the network hospital, and the payments are settled accordingly.
New India Assurance Reimbursement Mediclaim Policy
- Intimate your TPA within 24 hours of hospitalisation.
- Finish your treatment and collect the necessary documents and bills.
- Submit the necessary documents with the reimbursement claim form to your insurer for verification. Do this within 7 days of discharge for the claim to be valid and considered.
- Upon approval of the claim, your insurer will transfer the money to you.
Cover360’s insurance experts are here to answer any questions you may have about your claim process. The required documents can be challenging to keep track of, especially during the reimbursement process. You can reach out to us at any time for clarification; our 24/7 customer care team will help you make your claim process as smooth as possible!
New India Health Insurance Renewal Process
- Visit cover360.in and go to our renewal page
- Enter the details asked
- You will be taken to the New India Assurance website to complete the renewal process
- Alternatively, you can go directly to the insurer’s website and renew your New India Health Insurance online.
- Click on the "Renew" button. If you purchased your company offline, you would need to create an account to renew it online. Create the account accordingly and login to renew your policy by linking your policy number and customer ID.
- Once you click on the renew button, a premium quote is generated and you can go ahead and pay your premium.
- As soon as you complete your premium payment, the policy number is generated, and the document is emailed to you.
If you have any questions about any step during your insurance journey, you can clarify it by contacting us at any time. Our customer service providers are available all the time, every day to answer your doubts! We ensure you get comprehensive coverage and financial security by helping you through every process, so you have a satisfying insurance experience!
