New India Assurance

4.2 / 5 based on 45 User Reviews
Incurred Claim Ratio - 96*
*Data according to IRDA Annual Report (2015-16)
*Please note that the quotes shown will be from our partners

New India Assurance Company Limited Overview

Headquartered in Mumbai, New India Assurance Co. Ltd. is the wholly government owned multinational general insurance company operating in 22 nations throughout the world. Established by Sir Dorabji Tata in 1919, New India Assurance has been a pioneer in the non-life segment for over 50 years. It is one of the leading global insurance groups in the international market and has offices and branches in overseas markets.

Headed by the team of competent professionals who have helped the company to stay distinctively ahead of competitors, New India insurance company has gained a significant momentum owing to below achievements:

  • First insurer to setup an aviation insurance department in 1946
  • First insurer to handle all requirements of the Indian Shipping Fleet
  • First insurer to set up its own training school
  • Largest number of offices in India and abroad
  • Global presence in countries like the UK, Australia, Mauritius, Thailand, New Zealand, the UAE and Philippines.

New India Assurance Insurance Company Limited Plans:

  • New India Personal Insurance: It covers policies like individual health policy, family floater, senior citizen health policy, motor policy, money insurance, etc.
  • New India Motor Insurance: It covers car, commercial vehicle and two wheeler insurance.
  • New India Commercial Insurance: It includes insurance like marine cargo policy, jewellers block policy, aviation insurance, etc.
  • New India Industrial Insurance: It covers fire insurance, machinery breakdown policy, etc.
  • New India Liability Insurance: It includes policies like public liability policy, professional indemnity policy, employer’s liability policy, etc.
  • New India Social Insurance: It is offering insurance plans like rural insurance, student safety insurance, etc.

New India Assurance Health Insurance Plans:

Life is uncertain! One day you are healthy and enjoying a party, and the next morning you find yourself in a hospital. Scary thought, isn’t it? The best way to manage such uncertainties is to have a health plan that will ensure that there is no financial distress. It will also guarantee that you don’t compromise on your treatment just because of financial issues. Read More Here

New India Family Floater Mediclaim Policy:

The Family Floater Mediclaim Policy has been designed to cover all the family members with one sum insured. It can be issued to persons between the ages of 18 and 60 years, and cover the insured, his or her spouse and up to 2 dependent children. The policy covers pre-, post- and in-hospitalisation expenses. It also covers day-care treatment and ambulance charges. Ayurvedic, homoeopathic and Unani system of medicine are covered to the extent of 25% of sum insured provided the treatment is taken in registered hospitals. Click Here to Read More about New India Mediclaim Insurance

New India Assurance Janata Mediclaim Policy:

Janata Mediclaim Policy is available to persons between the ages of 18 and 60 years. Children between the age of 3 months and 18 years can be covered provided the parents are covered simultaneously. Persons beyond the age of 60 years can continue their insurance provided they are insured under the New India Assurance mediclaim policy. To Know More Click Here

New India Assurance Senior Citizen Mediclaim Policy:

The Senior citizen mediclaim policy is available to all senior citizen residents in India, aged between 60 and 80 years. If the New India insurance policy renewal is done without a break, then the New India Assurance cover can continue up to the age of 90 years. Proposers must undergo prescribed pre-acceptance health checks at own cost to identify pre-existing diseases. The health check is waived off if the proposer is already has mediclaim insurance in continuity with New India Assurance Company. Click Here To Know More

New India Top Up Mediclaim:

This New India insurance policy covers in-patient hospitalisation expenses that are incurred within India. Individuals between the ages of 18 to 65 years can get themselves insured as the proposer under the policy while other members can be between 3 months and 65 years.

New India Asha Kiran Policy:

This New India insurance policy is meant for parents who only have girls as children. The proposer has to be between the ages of 18 years to 65 years and the girl child can be covered from 3 months up to 25 years. It covers against unforeseen hospitalisation expenses and also provides an accident cover to the proposer and his or her spouse.

New India Group Mediclaim Policy:

As the name suggests, this New India insurance policy offers mediclaim services for the entire group and are targeted at corporations, businesses, enterprises, etc. that need to buy a policy for their entire group of employees or selected individuals

New India Car Insurance Plans:

New India Assurance plans provide you with a comprehensive motor policy that lets you take care of yourself and your car in case of an accident.

New India Assurance Motor Policy:

The motor policy from New India Assurance offers two types of plans – a comprehensive cover that includes third party liability as well as damages to the vehicle and the occupants, and a liability only policy that only insures against third party liability. The plan can be used to cover cars, two wheelers, vehicles in showrooms and garages as well as all types commercial vehicles. Read More About New India Assurance Car Insurance

New India Assurance Travel Insurance:

Whether it is a flight delay, baggage loss or a medical emergency when you are travelling abroad, New India travel plan takes care of everything.

New India Overseas Mediclaim Policy:

The Overseas Mediclaim Policy is available for frequent corporate travellers for international travel. Medical expenses incurred by the insured persons outside India as a direct result of bodily injury, sickness or disease contracted are covered under this policy. The premium is payable in Indian Rupees and New India Assurance claims are settled abroad in foreign currency. The policy has to be taken prior to departure from India. Read More about New India Overseas Mediclaim Policy

New India Suhana Safar Policy:

The Suhana Safar Policy is aimed at the domestic travel market. Domestic travellers can avail insurance for short travel durations of up to 60 days within India. The policy covers all modes of transport – rail, road, air and water and cover travel in one’s own vehicle. The policy insures the family consisting of the insured, spouse and dependent children from the risk of personal accident, and loss or damage to baggage, among others. The cover starts from the declared place of departure and terminates on the scheduled date of return or the actual date of return, whichever occurs earlier. Read More Here

New India Home Insurance Plans:

New India Assurance Policies help to safeguard your home and give you comprehensive coverage against many perils. Read More About New India Home Insurance

New India Householder’s Policy:

The Householder’s Policy is specially designed to meet the insurance requirements of a householder. It is a package policy and combines a number of standard policies taken by householders in a single policy. The cover comprises of 10 sections. Discount in premium is offered depending on the number of sections of the policy opted by the proposer.

New India Assurance Griha Suvidha Policy:

The plan is an abridged version of the Householder’s Policy and offers four specific cover options with each option having five sections. The idea is to insure the policyholder on a first loss basis.

New India Personal Accident Insurance Plans:

Road accidents are always on the surge owing to bad roads and pathetic driving skills of people around. Having a personal accident plan is a necessity as it covers such emergency situation and takes care of financial distress. Click here to Read More

New India Rasta Apatti Kavach (Road Safety Insurance):

The Rasta Apatti Kavach (Road Safety Insurance) policy designed to cater to the specific needs of an individual to cover motor vehicle accidents on road that lead to hospitalisation for treatment. The policy also has a provision for compensation for death and permanent disability. The policy is issued on an annual basis and sum insured available is Rs. 25000/50000/75000/100000. Read More About Road safety Insurance

New India Assurance Other Personal Insurance Policies

In addition to the above policies, the company also offers various types of additional specific covers for the individual.

  • Money Insurance
  • TV/VCR/VCP Insurance
  • Mobile/Cellular Phone Insurance

New India Commercial Insurance

New India Insurance Company offers a range of custom policies for commercial enterprises.

  • Jewellers Block Policy
  • Bankers Indemnity Policy
  • Shopkeeper's Policy
  • Marine Cargo Policy
  • Plate Glass Insurance
  • Special Contingency Policy
  • Neon Sign Insurance
  • Multi Peril Policy for L.P.G. Dealers
  • Fidelity Guarantee Insurance Policy
  • Marine Hull Policy
  • Aviation Insurance

New India Industrial Insurance

New India Assurance Company offers various insurance policies for industrial units.

  • Fire Policy
  • Burglary Policy
  • Machinery Breakdown Policy
  • Electronics Equipment Policy
  • Consequential Loss Policy
  • Contractors All Risk Policy
  • Marine cum Erection / Storage cum Erection Policy
  • Advanced Loss of Profit / Delay in Startup Policy
  • Contractor Plant and Machinery Policy
  • Mega Package Policies

New India Liability Insurance

New India Insurance Company also offers liability insurance to insure against specific liabilities that may arise in the course of business.

  • Public Liability Policy
  • Products Liability Policy
  • Professional Indemnity Policy
  • Directors and Officers Liability Policy
  • Lift (Third Party) Insurance
  • Employers' Liability Policy
  • Carrier's Liability Insurance
  • Liability Insurance Act Policy
  • Golfers Indemnity Insurance

New India Social Insurance

The social insurance policies from New India insurance company are meant to provide adequate insurance cover for the economically weaker sections of the society and for specific social causes.

  • Universal Health Insurance Scheme for APL families
  • Jan Arogya Bima Policy
  • Janata Personal Accident Insurance
  • Student Safety Insurance
  • Ashrya Bima Yojana
  • Rural Insurance
  • Pradhan Mantri Suraksha Bima Yojna
  • Swavlamban

It is advisable to compare all New India General insurance plans with plans from other general insurance companies in India to choose the best insurance plan that suits you the most.

The New India Assurance Co Ltd Distribution Network:

New India Assurance company is present in more than 20 countries and has a large distribution network of 1000+ branches even in India. It has a huge network of 1068 offices that comprise 26 regional offices, 393 divisional offices and 648 branches.

New India Assurance Co Ltd - Latest News

Government to Divest Stake in New India Assurance

Subsequent to this year’s Budget Speech, the government has proposed divestment of its stake in New India Assurance, a leading non-life insurer in India. Currently, New India Assurance operates as a fully government owned general insurance provider in India.

As part of the divestment strategy proposed by the government, shares of New India Assurance are expected to be available to private individuals on the National Stock Exchange. This move is seen by many as further attempts by the current government to de-regularize the insurance space subsequent to allowing up to 49% foreign company stake in private insurance players operating in India.

New India Assurance is one of India’s oldest general insurers and was founded by Sir Dorabji Tata in 1919. The company is considered as a pioneer in India’s non-life insurance segment and is based out of Mumbai, India. Company has a vast distribution network and boasts over 1000 branches across the Indian subcontinent.

New India Assurance gained profit of Rs 747 cr for April-December

New India Assurance, the largest general insurer reports a net profit of Rs 747 crore for nine months, ended December 31st 2015. The total profit before tax was amounting to Rs 885 crore.

The New India Assurance company recorded a growth of 16.5 percent with global premium amounting to Rs 13219 crore while the foreign operation of the company recorded a growth of 16.5 percent. It is to be noted that total asset base of New India assurance was about Rs 60,674 crore.

Reviews for New India Assurance

TOTAL REVIEWS (45)
Nakul
Akbarpur
August 29, 2016

Nice Policy

Finally got health insurance which has all the benefits and terms what i needed in my insurance policy. Policy coverage is high and claims are easy to clear. Service is fast and beahviour of the staff is very nice. Ambulance is facilitated for free at any location.

Gaurav
Rudrapur
July 25, 2016

Health Care

New India assurance provided me the health insurance policy. The policy is really very nice with lots of benefits. Premium is less and policy covers maximum expenditure of the treatment so no tensions for bills. The claiming is easy which can be easily sanctioned.

Abhishek
Dankaur
July 08, 2016

Health Care

The health insurance policy is very much important in this time. My insurance has less premium and returns are high. Policy coverage is fantastic and claiming is easy due to fast service facilitate by the company. Good number of hospitals and ambulance service is for free.

Raanu
Faridkot
June 24, 2016

Good Health Plan

My health insurance plan is come in very low premium and the returns are many. Policy coverage is high and claims are even better. Service is fast which is facilitate by the executives and staff members of insurance company. Ambulance is provided for free at any location. Large number of hospitals are there which providing great services to the customers.

Sanjay
Allahabad
May 23, 2016

I want renewal car insurance that's expired in April 15

I want renewal my car insurance that's is expired in April 2015 my car is Chevrolet sail uva model 2014 so plz assist me as soon as possible.

Faisal
Pune
May 13, 2016

Above Average

New india assurance travel insurance plan is the best. The policy coverage is huge but not for the tickets returns. The claims are high too and the claiming part is easy due to fast service facilitate by the executives and the staff members. Good job, I like it.

Yajan
Manesar
May 13, 2016

Nice Plan

Finally i buy new india assurance home insurance plan. The policy is good and the premium is low. The policy coverage is high and the claims are even better. The service facilitate by the company members is very good. The policy includes many belongings which are secure including house. Nice plan.

DEEP
Noida
March 31, 2016

Hard copy of Car Insurance

HYUNDAI XCENT, Car Registration No. UP16AU5895, ID No.31540890, Insurer - New India Assurance (Zero Dep Plan), Email Id. : deepsuman11@gmail.com, Policy No. 31030031160300000834, Premium : 9151.00/-, Please send me the Hard copy of the Policy.

Dinesh
Faridabad
March 11, 2016

Fair policy plan.

I purchase health insurance for my whole family from new india assurance in very less investment approx. 50K per year. Policy coverage is 84% and the claims are high. Ambulance is facilitate for pick and drop. Around 90% hospitals of the city and country are working and providing services for policy owners. Good work.

Vivek
Koratla
March 11, 2016

Go For It

Policy has all good benefits, must purchase policy i must say. New india assurance providing health insurance policy plan which has low investments but the return money is big. Policy coverage and claims are high and easy cleared because the executives are doing there job very well with nice behaviour. Good policy plan.

Faisal
Brahmagiri
March 11, 2016

Excellent Work

Policy is health insurance with new india assurance. It has low premiums and the paybacks are high. Policy coverage is 82% and the claims are around Rs.2 L. Service quick and hospitals provide ambulance at home and taking no charges all billing is clear by policy plan, no additional money is payed by patient.

Akhil
Kochi
March 11, 2016

Bad claiming experience.

I own the health insurance which i buy from new india assurance. Policy premium is low ~10K two time per year and the returns are high ~15L after policy end. Policy coverage is good ~80% but the claims are not that good and claiming procedure is not that easy long waiting is there for clear the claims. Good service is provided by the hospitals and large number of hospitals are there for fast and secure services.

Harindra
Nasik
March 11, 2016

Okay

The policy i have with new india assurance is health insurance. Service is okay but the ambulance is not for free it take some charges. Hospitals are working good and around 70% bills are covered in the policy plan. Nice terms and conditions, good investment.

Ankit
Pune
March 10, 2016

"Good Investment"

My health insurance is good and nice investment for health. Policy coverage and claims are high but premiums are low. Investment is ~5K thrice per year and the return is ~12L. Ambulance is facilitate for free and the behaviour of executives are really nice.

Karan
Kanpur
March 10, 2016

Normal Plan.

Policy coverage is 60% and claims are around 2L. Investment is low but the returns are high. New india assurance provide good health policies. The service provided is fast and with good behaviour. I personally like the policy plan.

Himanshu
Manesar
March 10, 2016

"Okay Health plan"

New india assurance provide me health insurance policy plan. Claims are high and premium is low. Investment is around 6K thrice per year. And the returns are approx. Rs.14 L. Good behaviour from executives and staff members. Good work.

Sumeet
Bengaluru
March 10, 2016

good policy plan.

I purchase health insurance policy plan from new india assurance. Policy coverage is 80% and the claims are Rs.3L. Investments is around 9K twice a year. The payback amount is ~Rs16 L. Ambulance is facilitate for patients but not charge any rupee for it all included in policy plan.

Ishant
Raipur
March 10, 2016

"superb plan"

Recently i got health insurance policy plan from new india assurance. Policy coverage is high and premiums are low ~6K payed in quarterly per year. Returns are high approx. Rs.12L. Ambulance don't take any charges for pick and drop. Even the behaviour of the executives and the staff members are really nice with everyone. Great job,keep it up.

Uttam
Haridwar
March 10, 2016

"Perfect Policy Plan"

My health insurance policy plan is perfect one which is from new india assurance. Premium is 5K quaterly and the returns are around 14K after policy get mature. Policy coverage and claims are high and claiming procedure is easy due to quick service.

Tony
Thiruvananthapuram
March 10, 2016

"Average Basic Plan"

After long searching i finally got health insurance policy plan with new india assurance. Policy coverage is good and investment is less. Claims are approx. Rs.3L. Service provided by you is good and fast too. Ambulance is also facilitate for free of any charges.

Bhavya
Navi_mumbai
March 10, 2016

High Paybacks But Low Premium

New india assurance provided me the best policy ever i.e., Health insurance policy plan which have low premiums ~23K per year and around 15L is the payback money amount at the end of the policy. Policy coverage and claims are also high. Good job.

Ojasvi
Surat
March 10, 2016

Health Care.

The health insurance policy plan i have is very simple and easy to buy. Thank you, new india assurance for this plan which have all goods in it like policy coverage and claims are high and on the other side the premium is low. Service is fast with ambulance pick and drop for free.

Kunal
Mussorie
March 10, 2016

Bad service.

I had health insurance policy plan from new india assurance which is really nice just the services you provided is really very slow, never on time till now. Please improve your service. Rather than this all are good like policy coverage is good even claims are high with low premiums.

Priyanshu
Mathura
March 10, 2016

Fair plan for health.

I own health insurance policy plan with new india assurance. Claiming is easily done because the service is fast. Return amount is about 19L and the claim is approx. 2L. Investment is 25K per year. Hospitals are many to assist the patients. Nice work.

Sandeep
Karnal
March 10, 2016

Average Policy.

My health insurance policy plan is an average one with normal benefits. Policy coverage is 70% and the claims are high around 3L. Investment is low but the returns are high approx. 22L. Behaviour of the executives are nice and the service is fine. Just improve your web page for easy excess.