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.

Important Facts about the New India Assurance Company Limited

Here are some of the important facts about The New India Assurance Company:

  • The company has the highest degree of financial strength with A – (excellent) and AAA (stable) ratings by AM BEST Company and CRISIL.
  • Apart from presence in 28 other countries, the company has its widespread presence in India through 2452 branch offices, 1339 micro offices and 68389 tied agents to address the clients.
  • The company offers a diverse range of non-life insurance products with 230 products in its offerings.

Awards and Recognitions of the New India Assurance Company Limited

  • The company has received ‘’Insurance Company of the Year’ award at Quest Conferences India Insurance Summit, 2017.
  • The company was awarded as ‘’India’s Leading Insurance Company- Non-life Public Sector’’ at Dun & Bradstreet BFSI Awards, 2017
  • The company was awarded as ‘’General Insurance Company of the Year’’ and ‘’e-Business Leader-General Insurance’’ at Fintelekt Indian Insurance Awards, 2016
  • The company has received ‘’Golden Peacock Excellence Innovative Product Service Award’’ in 2016
  • The company was awarded as ‘’Best General Insurance Company’’ by ABP News
  • The company was awarded as ‘’ Claims Service Leader – Large Companies Category’’ at Fintelekt Indian Insurance Awards
  • The company was awarded as ‘’Best Health Insurer’’ at Outlook Money Awards

Types of Products Offered by the New India Assurance Company Limited

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.

  • Health Insurance
  • Motor Insurance
  • Travel Insurance
  • Home and Content Insurance
  • Customised Business and SME Products
  • Aviation Insurance
  • Industrial Insurance
  • Liability Insurance
  • Miscellaneous Insurance
  • Rural Insurance
  • Marine Insurance

There are a variety of plans offered in each category. Let’s know about the plans in every product category.

The New India Health Insurance Plans

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

1. New India Asha Kiran Policy

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

  • The policy offers comprehensive coverage for a family with a girl child by providing coverage for in-patient hospitalisation, pre and post hospitalisation, daycare procedures and personal accident and many other
  • The policy offers the additional benefit of hospital cash and critical care benefits by offering cover for 11 specified critical illnesses
  • Coverage for various daycare treatments such as coronary angioplasty, appendectomy, pacemaker insertion and urethrectomy etc.

2. New India Cancer Medical Expn – Individual

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

  • During the policy term, if the insured member or his/her spouse contracts cancer, then the company will compensate for the cost of diagnosis, surgery, biopsy, radiotherapy, chemotherapy and hospitalisation to the extent of the sum insured
  • Cumulative bonus of 5% for each claim-free year up to a maximum of 50%
  • As an add-on benefit, the policy provides insured member and his/her spouse a benefit of free cancer check-up once and at a 50% discount for subsequent check-ups

3. New India Family Floater Mediclaim

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

  • The policy provides complete protection to the family by covering in-patient hospitalisation expenses, pre and post hospitalisation and various other benefits
  • The policy offers good health discount and loyalty discount
  • The policy provides coverage for ambulance charges
  • Coverage for pre-existing conditions like hypertension, diabetes and their complications can be availed after completion of two years of policy by paying an additional premium
  • The policy provides coverage for various daycare treatments and AYUSH (Ayurvedic/Yoga/Unani/Siddha/homoeopathy) treatments taken at the registered hospitals

4. New India Jan Arogya Bima Policy

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

  • Comprehensive healthcare coverage is offered at a lower rate of premium. Coverage includes in-patient care, pre and post hospitalisation and domiciliary hospitalisation etc.

5. New India Janata Mediclaim 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

  • Policy coverage includes in-patient treatment expenses, pre and post hospitalisation, daycare treatments, ambulance charges and Ayurvedic, Unani and Homeopathic treatments availed at the registered hospital
  • No claim bonus of 5% every year for each claim-free year
  • Coverage for pre-existing diseases like hypertension, diabetes, cholesterol and its complication can be availed after two years of the policy at an additional cost of the premium
  • The policy offers free health check-up benefits
  • The policy offers good health discount, family discount and loyalty discount along with cumulative bonus benefit 

6. New India Family Mediclaim 2012 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

  • The policy offers a family discount of 10% on premium
  • The benefit of cumulative bonus buffer and no claim discount are offered

7. New India Floater Mediclaim 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

  • The policy provides coverage for in-patient hospitalisation, pre and post hospitalisation, daycare and domiciliary hospitalisation and many.
  • 24 months of continuous coverage for a newborn baby for any injury or illness including post-natal expenses
  • The policy offers hospital cash benefits up to 0.1% of sum insured per day of hospitalisation and critical care benefits covering 11 specified critical illnesses
  • The policy offers continuity benefit which includes coverage for certain illnesses for being continuously covered

8. New India Global 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

  • Flexibility to choose the coverage from two types of plans – Plan A and Plan B
  • The policy covers specified treatments such as cancer surgery, neurosurgery, and coronary artery bypass graft (CABG) surgery, heart valve surgery, living organ donor transplant and bone marrow transplant
  • 5% discount on the premium rate is offered for insured’s having health insurance policy with the New India Assurance
  • The plan also covers medical second opinion and certain specialised treatments

9. New India 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

  • 24 months of continuous coverage for newborn baby
  • The policy provides cover for AYUSH (Ayurvedic, Homeopathic and Unani ) treatments
  • The policy offers additional benefits like hospital cash, ambulance charges and free health check-ups etc.
  • The benefit of cumulative bonus buffer
  • Discount on opting for voluntary co-pay

10. New India Premier 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

  • Flexibility to choose the coverage from two different plans – plan A and plan B
  • The policy covers all hospitalisation expenses including organ donor expenses.
  • An additional benefit of hospital cash and critical care benefit for 11 specified critical illnesses is provided by the policy
  • The policy covers ambulance charges and Ayurvedic treatment expenses
  • Vital additional coverage provided by the policy are OPD treatments, maternity and child care cover, newborn baby cover, infertility treatment and coverage for HIV/AIDS
  • The policy provides the second opinion for major surgeries 

11. New India Sixty Plus 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

  • The policy provides complete coverage against health uncertainties by covering in-patient hospitalisation, pre and post hospitalisation and many more.
  • The policy provides the attendant benefit of a maximum of INR. 800 per day 
  • 5% discount on the premium for single women senior citizens 

12. New India Top-up 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

  • Covers in-patient hospitalisation expenses incurred in India along with other additional benefits like hospital cash, ambulance charges, AYUSH treatments etc.
  • Facility to enhance the sum insured and threshold at the time of policy renewal

13. New India Senior Citizen 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

  • The policy covers hospitalisation expenses, pre and post hospitalisation expenses, AYUSH (Ayurvedic/Homeopathic/Unani) treatments and ambulance charges
  • Family discount of 10% in case spouse is covered
  • Free health check once in a block of 4 claims free years
  • A discount of 10% for voluntary excess of INR. 10,000

14. New India Universal Health Insurance

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.

The New India Motor Insurance Plans

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.

1. New India Private Car Insurance Plan

The package policy offers complete protection to the private car with extensive coverage options. Following are the coverage offered:

  • Third-party liability cover:
    The policy provides coverage for the legal liability of vehicle owner in case of death, bodily injury or property damage caused to a third party in an accident
  • Own damage cover:
    The policy covers the loss or damage to the insured vehicle from various perils such as:
    1. Fire, explosion
    2. lightning or self-ignition
    3. Riot and strike
    4. Earthquake (fire and shock) damage
    5. Flood, hurricane, inundation, typhoon, storm, tempest, hailstorm and cyclone
    6. Malicious act
    7. Terrorist act
    8. Accidental external means
    9. Whilst in transit by road, inland waterways, air, lift or elevator
    10. Landslide/ Rockslide
  • Personal accident cover to owner-driver:
    The policy compensates for death or disability caused to owner-driver during an accident as per the scale specified
  • Add-ons with New India Private Car Insurance Plan
  • 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.

New India Two Wheeler Insurance Plan

The New India Assurance offers comprehensive coverage for all types of scooters and motorcycles. Following is the coverage offered under package policy:

  • Third-party liability cover:
    The policy provides coverage for the legal liability of vehicle owner in case of death, bodily injury or property damage caused to the third party in an accident
  • Own damage cover:
    The policy covers the loss or damage to the insured vehicle from various perils such as:
    1. Fire, explosion
    2. lightning or self-ignition
    3. Riot and strike
    4. Earthquake (fire and shock) damage
    5. Flood, hurricane, inundation, typhoon, storm, tempest, hailstorm and cyclone
    6. Malicious act
    7. Terrorist act
    8. Accidental external means
    9. Whilst in transit by road, inland waterways, air, lift or elevator
    10. Landslide/ Rockslide
  • Personal accident cover to owner-driver:
    The policy compensates for death or disability caused to the owner-driver during an accident as per the scale specified.

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.

3. New India Commercial Vehicle Insurance Plan

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.

4. New India Standalone CPA 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 New India Travel Insurance Plans

1. New India Overseas Mediclaim (Business and Holiday)

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)

  • The policy offers flexibility to choose from six different coverage options 
  • Plan can be customised based on the purpose of travel, coverage requirement and travel destination
  • Initially, coverage is provided for 180 days which can be extended later for the period of 180 days subject to a declaration of good health.
  • 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

2. New India Overseas Mediclaim Policy (Employment and Studies)

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)

  • Flexibility to choose the coverage from three different plans offered in the policy
  • Contingency insurance up to 750 USD is provided to the students for each month of completion of study
  • 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 Home and Content Insurance Plans

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:

  1. Griha Suvidha Policy (Tenants and Owners) Plan
  2. Householder’s Policy
  3. Fire Policy for Home (Safe Home) Plan
  4. Baggage Insurance Plan
  5. Personal Accident Plan
  6. Personal Accident (Death and PTD) Plan

The New India Customised Business and SME Products

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:

  1. Jewellers Block Insurance Plan
  2. ShopKeepers Insurance Plan
  3. Plate Glass Insurance Plan
  4. Neon Singh Insurance Plan
  5. Multi Perils Policy for LPG Dealers Plan
  6. Fidelity Guarantee Insurance Plan
  7. Money Insurance Plan
  8. Fire Declaration Insurance Plan
  9. Burglary Insurance Plan

The New India Aviation Insurance Plans

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:

  1. Aviation – Hull All Risk Plan
  2. Aviation – Hull Deductible Plan
  3. Aviation – Hull War Risk Plan
  4. Aviation – Personal Accident Plan
  5. Aviation for Spares All Risk Plan
  6. Aviation Liability Insurance Plan
  7. Aviation LOL (Group Named) Plan
  8. Aviation PA (Group Named) Plan
  9. Airline Hull Deductible Insurance Plan
  10. Airline Hull Spares Liability Plan
  11. Airline Hull War Excess Liability Plan

The New India Industrial Insurance Plans

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:

  1. Machinery Insurance
  2. Electronic Equipment Insurance
  3. Marine Cum Erection Insurance
  4. Contractors All Risks Insurance
  5. Contractors Plant and Machinery 
  6. Advance Loss of Profit Insurance

The New India Liability Insurance Plans

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:

  1. Directors and Officers Liability Insurance Plan
  2. Liability Insurance Act Policy
  3. Package Liability Plan
  4. Product Liability Plan
  5. Professional Indemnity Plan
  6. Public Liability – Industrial Plan
  7. Standard Fire and Special Perils Plan

The New India Miscellaneous Insurance Plans

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:

  1. Bankers Indemnity Plan
  2. Bhagyashree Insurance Plan
  3. Carriers Couriers Legal Plan
  4. Good Health Mediclaim Plan
  5. Janata PA Sukshma Bima Policy
  6. Large Risk Project Insurance Plan
  7. Loss of Profit Insurance Plan
  8. MIP2 – Cattle Sukshma Bima
  9. MIP5 – Pig Sukshma Bima
  10. MIP6 – Camel Sukshma Bima
  11. New India Griha Suvidha Policy
  12. Office Protection Plan
  13. Office Protection Shield Plan
  14. Other Miscellaneous Non Liability Policies
  15. Package Policy
  16. Portable Equipment Insurance Plan
  17. Pravasi Bhartiya Bima Yojana
  18. Raasta Aapatti Kavach Policy
  19. Special Contingency Insurance Plan
  20. Stand Alone Terrorism Plan
  21. Stock Broker Indemnity Plan
  22. Students Safety Package

The New India Rural Insurance Plans

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:

  1. Animal Driven Cart Insurance Plan
  2. Camel Insurance Plan
  3. Cattle Insurance Plan
  4. Dog Insurance Plan
  5. Duck Insurance Plan
  6. Elephant Insurance Plan
  7. Epidemic Poultry Insurance Plan
  8. E-product for Laghu Bima Cattle Plan
  9. E-product for Laghu Bima Health Plan
  10. E-product for Laghu Bima Hut Plan
  11. E-product for Laghu Bima Personal Accident Plan
  12. Farmers Package Insurance Plan
  13. Gobar Gas Insurance Plan
  14. Group Janta Insurance Plan
  15. Honeybee Insurance Plan
  16. Horse Donkey Pony Mule Insurance Plan
  17. Horticulture or Plantation Insurance Plan
  18. Hut Insurance Plan
  19. Inland Fish insurance Plan
  20. Janata Personal Accident Plan
  21. Kisan Credit Card Yojana
  22. Lift Irrigation Plan
  23. Pedal Cycle Insurance Plan
  24. Personal Gramin Insurance Plan
  25. Personal Janta Insurance Plan
  26. Pig Insurance Plan
  27. Poultry Insurance Plan
  28. Pump Set Insurance Plan
  29. Rabbit Insurance Scheme Plan
  30. Raj Rajeshwari Mahila Kalyan Yojana
  31. Seeds Fertilizers Pesticides Insurance Plan
  32. Sheep and Goat Insurance Plan
  33. Silkworm Insurance Plan
  34. Zoo and Circus Animal Insurance Scheme

The New India Marine Insurance Plans

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.

  1. ALOP Insurance Plan
  2. Annual Policy
  3. Annual Turnover Policy
  4. Charters Liability Insurance Plan
  5. Duty Insurance Plan
  6. Hull and Machinery Insurance Plan
  7. Marine Builders Risk Insurance Plan
  8. Marine Hull – War Risk Insurance Plan
  9. Marine Ship Repairs Liability Insurance Plan
  10. Offshore Energy Policy
  11. Open Cover Agreement Policy
  12. Open Cover Certificate Policy
  13. Open Policy
  14. Port Package Policy
  15. Seller’s Interest Insurance Plan
  16. Ship Breaking Insurance Plan
  17. Specific Voyage Policy
  18. Tea Crop Insurance Plan
  19. Voyage Insurance Plan

How to Buy the New India Assurance Company’s Insurance Plans?

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 –

  • Go to Turtlemint and choose the category of insurance plan that you would want to purchase
  • To buy a health plan, you need to 
    • Share your profile details which would include –
      • Gender
      • Age
      • Age of the members whom you want a cover
      • Information about pre-existing illnesses
      • The annual income level of the family
      • Are PIN code
    • Based on your details, a list of some of the best health insurance plans available in the market are displayed
    • You can select the best suitable plan after comparison
    • Once you choose a plan, you need to fill in the online application form
    • Once the details are filled, proceed for premium payment online
    • Once the application is filled and payment is done, you can buy the plan easily
  • To buy a motor insurance plan, you need to
    • Enter the vehicle number or you can continue without vehicle number 
    • Following details would need to be entered
      • Make and model
      • Manufacturing year
      • Fuel type
      • Variant
      • Expiry date
      • Previous policy type
      • Details of previous claims
      • No claim bonus on previous policy
      • The insurer of previous policy
      • Contact information
    • After providing details, a list of the best motor insurance plans available in the market are displayed
    • You can compare and choose the best suitable car or bike insurance plan for you
    • Once you choose a plan, you need to fill in the online application form
    • Pay premium online
    • Once the premium payment is made, you would be able to buy the plan easily

The Renewal Process for Insurance Plans of the New India Assurance Company

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 –

  • Log on to the company’s website and click on ‘renew online’ option in home page
  • Provide your policy details and pay the premium online. Once the payment is done policy would be renewed

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.

Claim Process for Plans of the New India Assurance Company

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.

1. Health Insurance Plan

Health claims are settled in two ways by the New India Assurance Company depending on the treatment available at network and non-network hospitals.

  • Cashless Health Insurance Claim Process

    In case of treatment is availed in-network hospital, following process needs to be followed-

    • Place the cashless request with TPA (third party administrator) of the insurer 
    • The hospital needs to submit the relevant documents along with the insured’s ID to get the approval
    • Once the cashless request is approved, submit all the relevant documents, such as
      • Claim form duly filled and signed
      • The discharge summary from the hospital
      • Surgeon’s certificate
      • Doctor’s consultation reports
      • Bills, receipts and cash memos from hospital
      • Diagnostic test reports
      • Once documents are verified, the claim amount will be directly settled with the hospital
  • Reimbursement Health Insurance Claim Process
  • 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

    • Make claim intimation to the insurance company
    • Submit all the original documents collected from the hospital at the time of discharge along with the claim form
    • Once the documents are reviewed and verified, the insurer will intimate you on claim status
    • If the claim gets approved, the payment of claim will be made within a specified time

2. Motor Insurance Claim Process

Motor insurance claims can get easily settled with the cashless facility and quicker process. Following are the important steps to follow

  • Intimation to the insurance company immediately on the occurrence of the event
  • File First Information Report (F.I.R) with the police department immediately in case of theft and third party accidental injuries and death
  • Take the vehicle to the nearest preferred network garage to avail cashless facility. Information is available on the company website
  • Submit all the documents to the surveyor appointed by the insurer. Following are some of the main documents to submit for a claim
    • Claim form filled and duly signed
    • Copy of original motor insurance policy
    • Copy of driver’s license
    • Copy of Registration book 
    • Repair estimation report
    • Receipts of bill payment, etc.
  • Surveyor will submit the repair cost estimation report to the company based on which company will consider the claim for approval.
  • Payment of claims will be directly made to the network garage.
  • In case of reimbursement, submit all final bills or cash memos to the insurer to get the claim amount reimbursed

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


FAQ’s

Premiums for Insurance plans of the New India Assurance Company can be paid online using below payment methods –

  • Net banking
  • Credit card
  • Debit card

However, payment can also be done offline through the below ways –

  • Company branch
  • Payment collection centre
  • Drop boxes
  • Cash/ cheque collection centres

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 –

  1. Cancer
  2. First heart attack of specified severity
  3. Open heart replacement or repair of heart valves
  4. Open chest CABG
  5. Coma of specified severity
  6. Stroke resulting in permanent symptoms
  7. Permanent paralysis of limbs
  8. Major organ/bone marrow transplant
  9. Kidney failure requiring regular dialysis
  10. Multiple sclerosis with persisting symptoms
  11. Motor neurone disease with permanent symptoms

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


Co-payment is a concept of cost-sharing, wherein insured is required to pay a certain percentage or fixed amount out of admissible claim cost and the remaining will be paid by the insurance company. Co-pay charges can be service or treatment specific.