Monday, 6 March 2017

New India Assurance: Products, Benefits, Review

Life is full of uncertainties. Being prepared for everything that life throws at you is important. That is why insurance plans from New India Assurance are ones that you should seriously consider in today’s uncertain health and life scenario.

New India Assurance

New India Assurance is an insurance group based out of Mumbai, India. It is a government-owned group that offers several insurance plans under different insurance spheres. You can bank on New India for a reliable insurance plan. They are not limited to one or two insurance plans but have diversified into all sectors of insurance.

Different products Offered

     Personal Insurance
     Health Insurance
     Commercial Insurance
     Industrial Insurance
     Liability Insurance
     Social Insurance

Health Insurance Policies

Floater Mediclaim Insurance

Minimum Entry Age
18 years
Maximum Entry Age
60 years
Minimum Sum Assured
2 lacs
Maximum Sum Assured
5 lacs

Why should you buy Floater Mediclaim Insurance?

Policy supports claim renewal, is for entire family and is backed by the trust and reliability of government


     Floater plan for family
     Expenses covered up to 30 days of pre-hospitalization
     Coverage up to 60 days post hospitalization


     Tax Benefits
     Renewal without claim
     Discounts offered such as loyalty and good health


     Coverage from the minimum age of 18 years to a maximum age of 60 years.


     Spouse and two dependents


     Dental procedures
     Cosmetic procedures
     Plastic surgery

Asha Kiran Insurance

Minimum Entry
18 years of age
Maximum Entry Age
65 years
Sum Assured
2, 3, 5 and 8 lacs options

Why should you buy Asha Kiran Insurance?

Policy supports claim renewal, a family plan and is backed by the trust and reliability of government


     Floater plan for family
     Coverage for up to 4 family members


     Tax Benefits
     Critical care in case of Cancer, heart attack, etc


     Coverage is available from the minimum age of 18 years to a maximum age of 65 years.


     Up to 4 family members


     Pre-existing ailments

Claims process

1.       The claim is to be registered latest after 7 days of discharge from the hospital
2.       The claims form needs to be filled and submitted along with a Xerox of an ID proof
3.       The doctor’s medical certificate and the reports need to be submitted along with all the other necessary documents.
4.       Submission of original Reports and summary of discharge is required.

Procedure in order to file claims:
Below is the process for the same
      Intimate the insurance provider immediately post hospitalization.
      Make sure your bills, and reports are in place as New India Assurance will need them.
      Next step is to submit the claims form to the policy provider.

Documents Needed: In the event, that New India Assurance turns down the cash-free claim, you can file for the reimbursement option. Below is a list of necessary documents so that you have your ducks in a row before furnishing the documents to the Insurance Group.

      The claim form bearing relevant details and  necessary signatures
      Hospital’s original issued bills bearing stamps
      Patient’s discharge report is very important.
      All reports and lab test diagnosis sheets
      Not all hospitals are a part of the insurance group’s network. In such an event, you need to provide all relevant and associated hospital details.

Commercial Insurance

Shopkeeper’s Policy

Ideal for
Content Value
Up till 10 lacs

Why should you buy Shopkeeper’s Policy?
Policy ideal for small-scale shopkeepers and is backed by the trust and reliability of government
     Loss of money in transit
     Damage to Neon Sign by Fire, lightning, riot, strike


     Small-scale shopkeepers


     Tea/Coffee shops

Claim Process

1.       Take precautions to reduce burglaries
2.       In the event of a fire, call fire brigade as soon as you can.
3.       Inform cops in case of fire, burglary and be sure to report stolen valuables
4.       Inform New India by calling or by fax or in writing.
5.       New India will appoint a surveyor. Provide co-operation and all needed documents to evaluate the loss. Kindly submit claims form.

You may like to read: The New India Assurance Advantage

In agreement with a recent Government initiative, The New India Assurance Co. Ltd. is offering 10% digital discount to all new policies purchased online.

The discount is capped at Rs.2000 for every policy!

This is an exciting benefit offered to a new policyholder by the insurance company. Don’t miss it!

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