Wednesday, 11 April 2018

New India Assurance - Features and Benefits

Established in 1919 by Sir Dorabji Tata, New India Assurance, headquartered in Mumbai is a wholly government owned general insurance company. With operations spread across 22 nations, they are one of the most reputed insurance groups in the international market as well.

With over 160 products to offer, they have been pioneers in the non life segment over the years.


Some of their Firsts :

In 1946, became the first ever insurer to set up an aviation insurance department.
First insurers to manage all the needs of the Indian Shipping fleet.
The only insurers to set up their own training school.
The only company with offices spread across 28 countries like UK, Thailand, Australia, Mauritius, Philippines, New Zealand and UAE.
The only insurer in India rated ‘A’ by A.M Best.


Policies are issued within 7 days of premium acceptance.
Renewal notice sent 15 days before policy expires.
Decision about acceptance of proposal is communicated 7 days of submission.
Claim status is sent out within 3 days after request is received.
Claim amount is paid within 3 days of request received.
Investigation starts within 48 hrs of claim intimation.
New India Assurance customer care is available 24*7*365 on the website/toll free helpline no. for any guidance/queries.

Features of General Insurance Policies of New India Assurance

New India Assurance Health Insurance Plans

Family Floater Mediclaim Policy 

Available to persons in the age group of 18 - 60 years.
Covers spouse and upto 2 dependent children under one sum insured.
Covers pre and post hospitalisation expenses, day care treatment , ambulance charges, ayurvedic, homeopathic and unani treatments upto 25% of sum insured.

Janata Mediclaim Policy

Available to persons in the age group of 18 - 60 years.
Children between 3 months - 18 years covered, if the parents are covered at the same time.

Senior Citizen Mediclaim Policy

Available to citizens between 60 - 80 years.
If renewal continued without break, policy can extend upto 90 years.
Pre acceptance health checks are waived off if the proposer already has medical insurance with New India Assurance in continuity.

New India Assurance Top Up Mediclaim

Available to persons in the age group of 18 - 65 years.
Covers in patient hospitalisation expenses incurred in India.

Asha Kiran Policy

Available to parents in the age group of 18 - 65 years who only have girl/s as children.
Girl child can be covered between 3 months - 25 years.
Covers unforseen hospitalisation expenses and accident coverage to the parents.

New India Assurance Group Mediclaim Policy

Targeted to corporates and business enterprises who need coverage for their employees or selected individuals.

Car Insurance Plans

Comprehensive plan offers third party coverage as well as coverage for the occupants and the vehicle.
Liability only policy will only insure against third party liability.
Covers cars, two wheelers, commercial vehicles as well as garage & showroom vehicles.

Travel Insurance

Overseas Mediclaim Plan

Available for international travel by corporates prior to departure.
Covers medical expenses incurred overseas due to injury, disease or sickness contracted on travel.
Premium paid in INR and claims settled in foreign currency.

Suhana Safar Policy

Aimed at domestic travel upto 60 days within India from the date of departure to the date of arrival.
Covers all modes of transport.
Covers the insurer, spouse and dependent children for personal accident and damage/loss of luggage.

Home Insurance Plans

New India Assurance Householder’s Policy

A combination of standard policies in a single policy.
This package policy is composed of 10 sections.
Based on the number of sections opted for by the proposer, discount on premium is offered.

Personal Accident Plans

New India Assurance Rasta Apatti Kavach (Road Safety Insurance) 

It covers hospitalisation or treatment expenses caused by road accidents.
Provides compensation for death & permanent disability as well.
Sums of Rs 25000/50000/75000/100000 can be insured on an annual basis.

Personal Insurance Plans

These are specific plans that provide additional coverage for an individual

Money Insurance 
TV/VCR Insurance 
Phone Insurance 

Commercial Insurance 

These policies offer a range of customized plans for commercial enterprises. Some examples being :

Jewelers Block Policy 
Banker's Indemnity Policy 
Shopkeeper’s Policy 
Fidelity Guarantee Policy 
Aviation Insurance Policy 
Marine Hull Policy 

Social Insurance Plans

These policies are meant to protect the economically weaker sections of the society. In some cases, they provide coverage for specific social causes. Some of these are :

Rural Insurance 

For more details check ​PolicyBazaar Reviews & Ratings

No comments:

Post a Comment