The New India Assurance Company is a multinational general insurance company that was founded in the year 1919 by Sir Dorabji Tata. The company headquartered in Mumbai operates in 28 countries. The company has been operating overseas in countries like Singapore, Kenya, Saudi Arabia, Japan, Mauritius and the United Kingdom for many years through its direct branches, agency operations, subsidiary companies, and representative office and associates. The New India Assurance Company is a pioneer in the field of non-life insurance in the Indian market for more than four decades. The company offers a variety of non-life insurance products to cater to the needs of retail, corporate and rural customer segment.
Here are some of the important facts about The New India Assurance Company:
The New India Assurance Company offers a variety of products to cater to the need of every customer segment. Following is the categorisation of product offerings in the New India Assurance Company.
There are a variety of plans offered in each category. Let’s know about the plans in every product category.
The New India Assurance offers a variety of health insurance plans to meet the diverse healthcare needs of individuals.
List of Health Insurance Plans Offered by the New India Assurance Company
Plan Name |
Entry age |
Entry age for dependent children |
Renewability |
Sum insured |
Co-payment |
Pre-entrance medical check-ups |
Pre-existing waiting period |
New India Asha Kiran Policy |
18 years to 65 years |
Lifelong renewable |
3 months |
INR 2 lakhs, INR 3 lakhs, INR 5 lakhs, INR 8 lakhs |
co-payment is applicable in case of a change in the geographical area of treatment |
Not required up to 50 years of age |
48 months |
New India Cancer Medical Expn – Individual |
18 years to 70 years |
Lifelong renewable |
3 months |
INR 50,000 to INR 2 lakhs |
– |
Not required |
None |
New India Family Floater Mediclaim |
18 years to 60 years |
Lifelong renewable |
3 months |
INR 2 lakhs to INR 5 lakhs |
co-payment is applicable in case of a change in the geographical area of treatment |
Not required till 50 years of age |
48 months |
New India Jan Arogya Bima |
5 years to 70 years |
Lifelong renewable |
3 months |
INR 5,000 per insured person |
None |
Not required |
None |
New India Janata Mediclaim |
18 years to 60 years |
Lifelong renewable |
3 months |
INR 50,000 /INR 75,000 |
None |
Not required |
48 months |
New India Family Mediclaim 2012 |
18 years to 65 years |
Lifelong renewable |
3 months |
55 years and below- INR 1 lakh to INR 8 lakhs Above 55 years – INR 1 lakh to INR 3 lakhs |
co-payment is applicable in case of a change in the geographical area of treatment |
Not required |
48 months |
New India Floater Mediclaim |
18 years to 65 years |
Lifelong renewable |
3 months |
INR 2 lakhs, INR 3 lakhs, INR 5 lakhs, INR 8 lakhs, INR10 lakhs, INR12 lakhs, INR15 lakhs |
None |
Not required until 50 years of age |
48 months |
New India Global Mediclaim Policy |
18 years to 65 years |
Lifelong renewable |
Not Applicable |
Plan A (Asia treatment plan): USD 0.5 million (USD 1 million lifetime) Plan B (Worldwide treatment plan): USD 1 million (USD 2 million lifetime) |
None |
Required |
Not applicable. However, 90 days of waiting period applicable for all treatments |
New India Mediclaim Policy |
18 years to 65 years |
Lifelong renewable |
3 months |
INR 1 lakh to INR 15 lakhs |
Not applicable |
Not required until 50 years of age |
48 months |
New India Premier Mediclaim Policy |
18 years to 65 years |
Lifelong renewable |
3 months |
Plan A: INR 15 lakhs and INR 25 lakhs Plan B: INR 50 lakhs and INR 1 Cr |
Not applicable |
Not required until 50 years of age |
36 months |
New India Sixty Plus Mediclaim Policy |
60 years to 80 years |
Lifelong renewable |
NA |
INR 2 lakhs, INR 3 lakhs, INR 5 lakhs |
10% co-payment applicable |
NA |
NA |
New India Top-up Mediclaim Policy |
18 years to 65 years |
Lifelong renewable |
3 months |
INR 5 lakhs to INR 22 lakhs |
INR 5 lakhs to INR 8 lakhs (threshold limit) |
Not required until 50 years of age |
48 months |
New India Senior Citizen Mediclaim |
60 years to 80 years |
90 years |
NA |
INR 1 lakh, INR 1.5lakhs |
None |
Required |
18 months |
New India Universal Health Insurance |
18 years to 65 years |
Lifelong renewable |
3 months |
Depending on the number of families insured |
None |
None |
Not covered |
The plan offers tailor-made coverage for parents with only one girl child. Second girl child (newborn) can be added later to the family floater policy by paying an additional premium on a pro-rata basis. This policy can be availed only as a family floater plan with coverage for a maximum of four members.
Features of New India Asha Kiran Policy
This policy is exclusively designed and offered to the members of the Indian Cancer Society aged below 70 years. The membership is available for non-cancer patients or potential cancer patients. Coverage under the policy is made available for the insured member and his/her spouse. Only allopathic treatments are covered under the policy. However, the policy can be extended to cover two dependent children on payment of additional premium.
Features of New India Cancer Medical Expn-Individual
Family floater mediclaim policy offered by The New India Assurance Company is a single comprehensive plan to cover the healthcare needs of the entire family i.e. self, spouse and dependent children with a single sum insured.
Features of New India Family Floater Mediclaim Plan
This is an economical health insurance plan offered by The New India Assurance Company that aims to protect the healthcare needs of the poorer section of the society. The policy can be availed on an individual or family floater basis.
Features of New India Jan Aarogya Bima Policy
The New India Janata Mediclaim policy offered by The New India Assurance Company is designed to provide basic healthcare protection to the people of the country. The coverage includes hospitalisation with various other benefits. The policy gives the flexibility to avail the cover both on individual or family floater basis.
Features of New India Janata Mediclaim Policy
This plan is a comprehensive family floater plan that helps you cover the entire family (self, spouse, dependent children and parents) in one policy.
Features of New India Family Mediclaim 2012 Policy
This is an umbrella plan which is designed to provide complete protection to the entire family by covering up to a maximum of six members. Coverage can be availed for self, spouse, parents and dependent children including a newborn baby.
Features of New India Floater Mediclaim Policy
This plan can be availed by anyone having base health insurance coverage of INR.8 lakhs and above. However, non-availability of the base policy will not prejudice either the claim or renewal of the policy. The policy can be issued to Indian citizens residing in India alone. The cover is not allowed to NRIs, OCIs, PIOs or foreign nationals residing in India for employment.
Features of New India Global Mediclaim policy
The policy helps you avail complete protection for your family by covering all family members in one policy, with a separate sum insured for each insured person. The policy provides coverage for self, spouse, children and parents.
Features of New India Mediclaim policy
The policy designed to provide extensive healthcare coverage for the entire family up to a maximum of six members. Coverage can be availed for self, spouse, dependent children and dependent parents. The policy comes with wider coverage with a large amount of sum insured offered.
Features of New India Premier Mediclaim Policy
The policy is exclusively designed for people above 60 years of age. Coverage can also be availed for a spouse under floater plan. At least one of the covered members should be a senior citizen.
Features of New India Sixty Plus Mediclaim Policy
New India Top-up Mediclaim is an excellent complimentary plan which can be availed along with your base health insurance plan. Coverage can be availed on both individual and family floater basis. However, the plan can also be bought without a base health plan. But, the policy will respond only when the aggregate hospitalisation expenses of one or all members of the policy exceed the policy threshold limit.
Features of New India Top Up Mediclaim Policy
The policy is exclusively meant for senior citizens. The policy offers complete protection to senior citizens against unforeseen healthcare emergencies and issues.
Features of Senior Citizen Mediclaim
Universal health insurance plan offered by the New India Assurance Company is a group plan which provides coverage for more than 100 families. Basically, the policy will be issued in the name of the Group/Association/institution with the eligible members included. Policy coverage is available for a person between 3 months to 65 years of age. Hospitalisation benefit provided is INR.30, 000 and accidental death benefit of INR. 25,000 per family.
Motor insurance is a compulsory requirement for any vehicle owner to drive on Indian roads as per the Motor Vehicle Act. Though third-party liability insurance is mandatory by law, having a comprehensive package plan is an important necessity. The New India Assurance offers comprehensive motor insurance plans.
The package policy offers complete protection to the private car with extensive coverage options. Following are the coverage offered:
The policy provides options to enhance the coverage through various add-ons such as cover for loss or damage to accessories fitted, personal accident cover for paid driver.
Apart from the comprehensive plan, the New India Assurance offers standalone covers also depending on the need.
The New India Assurance offers comprehensive coverage for all types of scooters and motorcycles. Following is the coverage offered under package policy:
Add-ons are offered to extend the coverage which is optional and can be availed at an additional cost of the premium. Apart from the comprehensive plan, the New India Assurance offers standalone covers also depending on the need.
The New India Assurance offers protection for all types of commercial vehicles. Package policy provides coverage against third party liability, damage or loss to the insured commercial vehicle along with the additional towing cover.
The policy provides compulsory personal accident cover for vehicle owners separately. Sum insured of the policy is INR. 15 lakhs. Compensation is payable as per the below scale –
Nature of injury |
Scale of compensation |
Death |
100% |
Loss of two limbs or sight of two eyes or one limb and sight of one eye |
100% |
Loss of one limb or sight of one eye |
50% |
Permanent total disablement from injuries other than named above |
100% |
The plans are specifically designed for frequent overseas travellers with business or leisure purpose. Policy needs to be availed prior to departure from India. Coverage can be availed on an individual or on a floater basis to cover the family trip.
Features of New India Overseas Mediclaim (Business and Holiday)
Eligibility Criteria for New India Overseas Mediclaim (Business and Holiday)
Entry age |
6 months and above up to 70 years |
Pre-entrance medical check-ups |
Required if the period of the trip is over 60 days and if, Insured person is over 60 years of age visiting USA/CANADA Insured person is over 70 years of age and visiting countries other than USA/CANADA |
Sum insured |
USD 50,000 to USD 500,000 |
The policy is specifically crafted for Indian citizens currently residing abroad for the purpose of higher studies and employment. Policy needs to be availed prior to departure from India.
Features of New India Overseas Mediclaim Policy (Employment and Studies)
Eligibility Criteria for New India Overseas Mediclaim Policy (Employment and Studies)
Entry age |
6 months and above up to 70 years |
Pre-entrance medical check-ups |
Required if the period of the trip is over 60 days and if, Insured person is over 60 years of age visiting USA/CANADA Insured person is over 70 years of age and visiting countries other than USA/CANADA |
Sum insured |
USD 150,000 to USD 500,000 |
The New India Assurance Company offers a variety of plans to secure an individual’s one of the valuable possession, dream home and the loss or damage to its contents. Basically, the policy covers the cost of replacing or repairing the home contents such as furnishings, furniture, white goods and other important possessions from various perils. There are various plans offered which can be availed based on individual need. Following are the plans offered:
Managing risk is an important element for the success and survival of small and medium enterprises. Business insurance is the best and the only way to manage risk. Depending on the nature of the business, its industry and risk exposure, insurance requirements vary from enterprise to enterprise. The New India Assurance Company offers customised solution depending on the insurance requirement of the business. Following are the customised business and SME products offered by the company:
Aviation insurance is specialised insurance offered by the New India Assurance Company which is designed to provide coverage to an aircraft from a series of risks that could cause loss or damage. There are various tailor-made plans offered to cater to the specific needs of customers. Following are the various plans offered by the company:
The New India Assurance Company offers various industrial insurance plans that can provide comprehensive and extensive coverage for large-sized businesses. Risk exposures are many for large businesses. Industrial insurance plans offered by the New India Assurance Company provide all risk cover including a wide range of perils that could cause financial loss to the businesses. Following are the various plans offered under the category:
Businesses are always at the risk of liability claims pertaining to an injury, property damage or any loss arising out of premises and operations. Key personnel of the business are also at the risk of expensive liability claims. The New India Assurance Company offers a wide range of liability insurance plans to address the various risk management requirements of the businesses. Following are the liability insurance plans offered by the company:
The New India Assurance Company offers a variety of other insurance plans that cover specific risks and protection against specific perils. Following are the plans offered under the category:
The New India Assurance Company provides a wide range of insurance plan options for people living in the rural areas of the country in order to live a happy life. The plans are designed to provide coverage for their business such as farming, poultry, cattle etc. There is a plan for every need of people in the rural segment. Following are the plans offered by the company:
The New India Assurance Company offers a variety of marine insurance plans. Marine insurance plans offered are designed to provide protection to business by covering the loss or damage to ships, cargo, terminals and the transport by which property is transferred, held or acquired from one point to another. The policies are offered to cover specific risks. Following are the plans offered by the company.
You can purchase insurance plans of the New India Assurance Company via both online and offline mode. Offline plans are sold by the insurance company directly at the branch offices or can even be purchased through insurance advisors.
Many plans can be bought easily on an online platform. These plans are sold on the website of the New India Assurance Company with simple buying processes to follow.
However, the easiest approach for buying would be Turtlemint platform wherein you can compare various health and motor insurance plans and buy the best suitable plan offered by the New India Assurance Company. Following is the simple process to buy health insurance plans of the New India Assurance Company online through Turtlemint –
Renewing the insurance plans of the New India Assurance Company is quite simple and easy. Following are the steps for renewing the policy online through the company’s website –
Renewal of the New India Assurance Company’s health and motor insurance plans can also be renewed through Turtlemint online. If you have purchased a policy through Turtlemint, you would be having user credentials. Log in with your user details and access the existing policy details on the portal. Click on the ‘renew’ option and pay the renewal premium. Your policy would be renewed easily.
The claim process for insurance plans of the New India Assurance Company is quite convenient, simple and quick. The process varies for each category of products. Let’s take a look at the claim process for main categories like motor and health insurance plans.
Health claims are settled in two ways by the New India Assurance Company depending on the treatment available at network and non-network hospitals.
In case of treatment is availed in-network hospital, following process needs to be followed-
In case of hospitalisation is availed in non-network hospitals where expenses are to be borne by the insured at the time of discharge which can be claimed later with the insurer
Motor insurance claims can get easily settled with the cashless facility and quicker process. Following are the important steps to follow
For any other queries, you can contact Turtlemint support team on 1800-266-0101 or the New India Assurance Company.
Company Address and Contact Information – the New India Assurance Company
Address: The New India Assurance Company Limited, #87, M.G.Road, Fort, Mumbai 400 001
Toll-Free Number: 1800 209 1415
Email: tech.support@newindia.co.in
Premiums for Insurance plans of the New India Assurance Company can be paid online using below payment methods –
However, payment can also be done offline through the below ways –
Insurance agents/brokers of the New India Assurance Company
Critical care benefit offers cover for 11 specified critical illnesses. Following are the critical illnesses covered by The New India Assurance health insurance plans –
Health insurance plans of the New India Assurance Company offer tax benefits under Section 80D of the Income Tax Act, 1961 for the premiums paid. This is applicable for coverage availed not only for self but also for the family including spouse, dependent children and parents. Following are the benefits offered by the health plans –
Description |
The maximum premium for coverage availed for self, spouse and dependent children |
The maximum premium for coverage availed for parents (dependent/non-dependent) |
Total deductions available under Section 80D of the IT Act, 1961 |
All members of the family < 60 years of age and parents < 60 years |
INR 25,000 |
INR 25,000 |
INR 50,000 |
Self, spouse and children < 60 years age, Either of the parents > 60 years age |
INR 25,000 |
INR 50,000 |
INR 75,000 |
Self and/or Spouse> 60 years age, Children < 60 years of age, Parents > 60 years age |
INR 50,000 |
INR 50,000 |
INR 1,00,000 |