- About Coverfox
Health is known to be a person’s biggest asset. Hence, it is always wise to protect it from unforeseen situations and medical hazards. Established in the year 1919, New India Assurance is one of the oldest players in the insurance space.
On the international circuit, it has offices in over 20 countries through different channels.
The company provides health insurance plans that cover up to 6 family members. It offers a pre and post hospitalisation cover and a lifetime renewal benefit. These benefits ensure that you focus on your well-being and let the insurance provider take care of everything else.
New India Assurance Company was established in the year 1919 by Sir Dorabji Tata. It is the biggest public sector general insurance companies in India since the last 40+ years. It has also spread it wings in 28 different countries. New India Assurance Company has also won certain awards such as Golden Peacock Business Excellence Award in 2017, India Insurance Summit – Insurance Company of the Year in 2017 and many more. It currently operates through 2452 offices in India.
Some Important Facts
|Incurred Claim Ratio||103.74%|
|New India Assurance Network Hospitals||1200+|
|Sum Assured||2,3.5 or 8 Lakhs||Renewability||Lifelong|
|Customer Care Toll Free No||1800-209-1415|
Being the largest government owned general insurers, New India Assurance Company definitely has become the best choice for many of us. A plethora of health insurance products are offered by this Company at a very competitive rate for both individuals as well as for family (family floater). The New India Assurance Company also reimburses the cost of medical check-up. Various other benefits such as hospital cash for a maximum of 10 days is offered. It also offers a grace period of 30 days from the due date of the health insurance policy. The health insurance plans offered here can be renewed lifelong. It covers pre-existing conditions post 4 years of waiting period from the date of policy issuance.
New India Assurance also offers the facility of online renewal of health insurance plans at the convenience of your home and office, within a few minutes. People also feel safe and secured to invest in a health insurance plan with New India Assurance since it is fully owned by our Indian government.
No. of members - The plan covers maximum 6 members of your family with up to 4 children and 2 adults.
Lifelong Renewal – The plans offered are lifelong renewable, hence it saves you from the financial burden and stress caused by a medical emergency and keeps you well prepared to handle any situation.
Pre & Post hospitalization cover - The plan covers medical expenses for 30 days prior to hospitalization and 60 days post hospitalization only for related medical expenses.
Health Check-ups – Offers health check - up costs at the end of three claim free years.
Pre-existing diseases - Pre-existing diseases are covered after 4 years of waiting period
Fully owned by the Indian Government and is one of the biggest insurance providers in the public sector.
Being a public sector company automatically makes it more trustworthy. This is backed by the fact that they have an AAA/Stable rating from CRISIL, which is a testament to their great financial health and their ability to fulfill their customers' claims.
New India Assurance health insurance has over 3000 offices all over India and is probably the most easily accessible health insurance company.
The incurred claim settlement ratio of New India Assurance Health Insurance for F.Y. 2018 - 19 is 103.74%.
The New India Assurance Health Plan offers the below benefits:
Offers newborn from the date of birth without any waiting period
Offers coverage for ICU charges for each hospitalized day up to 2% of the total sum assured
Offers coverage for room and nursing charges up to 1% of the total sum assured including the charges for IV Fluids, blood transfusion, RMO, etc.
Offers coverage for specified day care procedures
Offers coverage for ambulance charges up to 1% of the total sum assured
Offers coverage for pre as well as post hospitalization expenses
Offers coverage for 11 critical illnesses specified in the policy document
Offers AYUSH treatment up to 25% of the total sum assured at a centre run by Indian government
New India Assurance Mediclaim Top up plan offers the get well benefit depending on the threshold amount opted for
The New India Mediclaim 2007 policy offers benefits such as good health discounts, loyalty discounts as well as expenses related to reimbursement of health check.
The New India Assurance Health policy doesn’t offer coverage under the below conditions:
Non-medical expenses: Registration charges
Out-of-scope: HIV, adventure sports and unproven medical procedures
Illegal reasons: Self-inflicted injuries, drugs, alcohol abuse
Non-medical expenses: Registration charges
New India Top Up Mediclaim
The policy can be allotted on Individual or Floater Sum Insured basis covering up to 6 members of the family. If the policy is to be issued on Individual Sum Insured basis, then separate document will be issued to each Insured. The family comprises of self, legal spouse, dependent children and dependent parents.
New India Assurance - Mediclaim 2012 Policy
This is an individual health insurance plan launched by New India to cover basic hospitalization expenses.
In case you wish to know more about this plan in order to make your decision.
Mediclaim 2007 Policy
Before the launch of Mediclaim 2012, this was the most basic plan offered by New India to cover hospitalization expenses.
If you want a plan to cover your average health expenses offered by New India.
New India Health Insurance Janata Mediclaim Policy
Janata Mediclaim policy is an affordable health insurance plan available for poorer section. The coverage offered under this plan are:
New India's Senior Citizen Mediclaim Policy
As the name suggests this plan is available specifically for senior individuals above age 60 years seeking a mediclaim policy. Coverage offered under this plan is briefly stated below:
In case you wish to buy this plan for yourself or seniors in your family to have a look at all the terms and conditions in the policy.
New India Assurance Personal Accident Policy
This is a personal accident disability plan offered by New India. Here is a brief of benefits offered by this plan:
In case you want to buy a plan which offers benefits in case of death or disability due to accident.
Rasta Apatti Kavach (Road Safety Insurance)
In case you travel daily by road and want to secure yourself against road accident here is a brief on coverage offered by Rasta Apatti Kavach:
If you want to buy this plan and are interested to know more about it, contact Coverfox.
Union Health Care Policy
This is a health insurance plan with coverage for personal accident. Given below are details of coverage offered:
New India Asha Kiran Policy
This is a special family floater plan, which is offered only to parents having a girl child. Coverage offered under this plan is:
If you are a family with a girl child you might want to know more about this plan. In such case.
New India Family Floater Mediclaim Policy
This is a family floater plan, which offers coverage for basic hospitalization expenses. The details of coverage offered under this plan are as follows:
If you are looking out for a health insurance plan which offers coverage for basic hospitalization expenses on family floater basis.
Every mediclaim policy has an eligibility criteria. However, the below mentioned are the most generic criteria’s to be followed for enrolling to the New India Assurance Mediclaim policy:
New India Assurance Company provides a cashless facility at various hospitals in India. These empanelled hospitals are known as the network hospitals. Here you can avail cashless services. However, remember that you can avail a Cashless facility only if you take a treatment or are hospitalized in a hospital empanelled with New India Assurance.
You can view the list of New India Assurance Network Hospitals on the official website of New India Assurance Company.
You can visit newindia.co.in/portal/ to either renew or buy a health insurance plan. You can also make the payment for your health insurance premium by logging in to the insurer's website and using your credit card, net banking, or debit card. You can follow the below steps:
You may visit the official website of New India Assurance to get your health insurance renewal done. All you need to do is type your customer id as well as the health insurance policy number that would be sent on your registered mobile number via SMS. You may then click on the ‘Proceed’ button. You will get to see your renewal notice on the screen that will also mention your premium details. You may then use your debit card, credit card or net banking facility to make the premium payment. Your policy will then be renewed post successful payment.
Mentioned below are certain Dos & Don’ts of New India Health Insurance:
|Always make note of your health insurance policy renewal||Do not keep a gap of even a day for your renewal since you won’t be able to make a claim in case of break in the policy|
|You can renew the health insurance policy in advance before the due date||Lifetime renewal is possible only if there is no break in the health insurance policy|
|Always read the policy document properly and the claim settlement process||Never conceal any facts regarding your health conditions or pre-existing diseases, etc.|
|You can cancel your New India Assurance Health policy within 15 days from the policy issuance if you do not agree to the terms and conditions||Never give any incorrect information in the proposal form|
|Ensure to pay the renewal premium within 30 days of the due date (grace period) to avoid the policy getting lapse||Do not delay to submit the required documents on time to the TPA or New India Health Insurance Company.|
|Double check the pre-authorization form before signing it|
|Remember you will have to share the expenses along with the insurer during claim settlement|
If you intend to make any claim under this Policy You must:
Note: If you are a Coverfox customer, you can directly reach out to us for all your claim-related issues and queries.
There are two types of claim that you can file if you have a health insurance policy with New India Assurance. They are Cashless claim and reimbursement claim. You can visit any network hospital to avail cashless claim services. However, ensure that you carry your health card and identity proof . Your details would be verified by the hospital. On successful verification, the hospital will then send a pre-authorization request to New India or the TPA. New India Assurance will then approve or reject the claim once the request is submitted. If your cashless claim gets approved then New India Assurance will then settle the bills directly with the network hospital. However, if the insurer denies your cashless claim, you can still go ahead and take a treatment in the same hospital but make the bill payment out of his or her pocket and then apply for a reimbursement claim.
If you wish to go ahead with the reimbursement claim, you will then have to take all the original medical bills and other documents once you are discharged along with the duly-filled and signed claim form. New India Assurance will then either approve or reject your health insurance claim depending upon the terms and conditions of the health insurance policy.
You can download the claim form by visiting official website.
The insured will have to fill in the Part A of the claim form. All the important details such as the insurance history, personal details, policy number, bank account details, details of hospitalisation, details of claim, etc.
Details of insured person hospitalised:
Details of primary insured:
The hospital where the insured is getting treated will fill the Part B of the claim form. Here is a list of details the insured member has to fill in Part A of the claim form:
In case of any queries regarding your health insurance policy, you may call on the New India Assurance Health Insurance toll-free number 1800 – 209 – 1415. You can also email the insurer on email@example.com. You may also request a call-back by simply filling a form online on the New India Portal.
New India Assurance, being one of the major and oldest general insurance companies in India, is more widespread than any other health insurance player. With remarkable financial health, their capability to fulfill their customers' claims is undeniable. However, for those who would not appreciate the sub-limits on the room rent and co-payment clause in their policy, this may not be the right option.
Being the largest government owned general insurer, New India Assurance Company definitely has become the best choice for many of us. The various health insurance products offered by this Company are at a very reasonable rate. This is one reason why people prefer buying health insurance from New India Asssurance Company. The health insurance products here offer health check-up costs at the end of three claim free years. Besides, this company has also won several awards such as Golden Peacock Business Excellence Award, India Insurance Summit – Insurance Company of the year, etc. The claim settlement process too here is extremely simple and hassle-free. With remarkable financial health, their capability to fulfill their customers' claims is undeniable. However, for those who would not appreciate the sub-limits on the room rent and co-payment clause in their policy, this may not be the right option.
What is the renewal process of New India health Insurance plans?
The health insurance renewal process is very simple. Mentioned below are the steps:
Does the New India Asha Kiran policy provide cashless treatment?
Yes, all health insurance policies of New India Assurance offers cashless treatment.
How can I check policy status for New India health insurance?
To check the policy status, all you need to do is log in to the New India Assurance’s website. Enter the user id and password and then click on the portal to check the status of your policy.
What is the policy cancellation process for New India health insurance?
You can certainly cancel your New India Assurance’s health insurance policy. If you wish to do so during the free-look period, all you need to do is submit the original policy documents along with the surrender form. You can visit any nearest branch of New India Assurance. You may also wish to cancel the policy any time of the policy period by ensuring that you haven’t made a claim on this policy.
What is Tax Benefits in New India Assurance Mediclaim Policy
You can avail tax benefit of up to Rs.25,000 p.a. for the health insurance premiums paid for a policy for self, spouse and depended children if you are under the age of 60 under Section 80D of the Income Tax Act, 1961.