The New India Assurance

Life is uncertain. One day you are healthy and enjoying a party, and the next morning you can find yourself in a hospital. Scary thought, isn’t it? The best way to manage such uncertainties is to have a health insurance 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 constraints.

Here are the various health insurance policies offered by The New India Assurance Company:

Arogya Sanjeevani Policy, The New India Assurance

This policy by The New India Assurance is a standard health insurance policy designed to cover hospitalization expenses. It can be opted by people between the age of 18 years and 65 years and covers dependent children between 3 months and 25 years. This policy also covers AYUSH treatments, dental treatments as well as advanced treatments, such as oral chemotherapy, robotic surgeries, etc. for up to 50% of the sum insured.

New India Asha Kiran Policy

The New India Assurance policy is meant for parents who only have a single girl child. 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 unforeseen hospitalization expenses and provides an accident cover to the proposer, his or her spouse and the dependent daughter. Mid-term inclusion of a second girl child is allowed on payment of additional premium on a pro-rata basis.

New India Mediclaim Policy

New India Mediclaim policy is specially designed for individuals with an age between 18 and 65 years. This policy by The New India Assurance Company Limited covers all hospitalization expenses. You and your family can be covered under one insurance policy, with a separate sum assured for every insured person. This policy covers a maximum of six members including the policyholder, policyholder’s spouse, his/her children, dependent siblings and parents.

Cancer Medical Expn - Individual

The Cancer Medical Expn insurance scheme covers all medical expenses incurred on the cancer treatment of individuals below 70 years old. This policy by The New India Assurance Company Ltd is offered to the Indian Cancer Society’s members. This cancer society provides various kinds of membership to its members like corporate members, life members, well-wisher ordinary members, etc. All members have to pay a membership fee, which includes the premium for this policy.

New India Family Floater Mediclaim Policy

The New India 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 65 years, and cover the policyholder, his spouse, his dependent parents and up to two dependent children. This policy by The New India Assurance covers pre, post and in-hospitalization expenses. It also covers day care treatment and ambulance charges. Ayurvedic, Homeopathic and Unani treatments are covered to the extent of 25% of the sum insured, provided the treatment is taken in a registered institute or government hospital.

Jan Arogya Bima Policy

New The New India Assurance’s Jan Arogya Bima policy is specially designed to offer affordable health insurance to the poorer sections of the society. The policyholder does not have to pay any service tax under this policy.

New India Janata Mediclaim Policy

Janata Mediclaim policy covers medical expenses including hospitalization expenses, day care treatment, ambulance charges and treatment by Ayurvedic, Homeopathic and Unani system. It is available to people between the age of 18 and 60 years. Children between the age of 3 months and 18 years can be covered, provided the parents are covered simultaneously. If you’ve attained an age beyond 60 years, then you can continue your insurance policy, provided you’re insured under The New India Assurance Mediclaim policy.

New India Global Mediclaim Policy

New India Global Mediclaim policy is designed for individuals who have health insurance with a sum assured of Rs 8 lakh or more. The minimum age of entry is 18 years and the maximum age of entry is 65 years. This policy covers injury-illness related hospitalization expenses along with expenses incurred on cancer surgery, neurosurgery, heart valve surgery, Coronary Artery Bypass Graft (CABG) surgery, living organ donor transplant, and bone marrow transplant.

New India Premier Mediclaim Policy

The New India Premier Mediclaim policy covers all kinds of hospitalization expenses. The policyholder can cover up to six family members under this policy including himself, his/her spouse, dependent parents and children. This policy comes with hospital cash benefit and critical care benefit.

New India Sixty Plus Mediclaim Policy

The New India Sixty Plus Mediclaim policy covers senior citizens between the ages of 60-80 years. Only two people can be covered under this policy with at least one member above 60 years. Children can buy this insurance policy for their parents and avail higher tax benefits under Section 80D* for senior citizens. This policy covers pre-hospitalization and post-hospitalization expenses for up to 30 and 60 days respectively.

*Tax benefit is subject to changes in tax laws

New India Top Up Mediclaim

The New India Assurance policy covers in-patient hospitalization expenses that are incurred within India. The policy will be activated when the overall hospitalization expenses surpass the stated threshold. While the proposer should be between 18 and 65 years, other members should be between the ages of 3 months and 65 years in order to get covered under this policy.

New India Senior Citizen Mediclaim Policy

The Senior Citizen Mediclaim policy is available to all senior citizen residents in India, aged between 60 and 80 years to cover their hospitalization expenses. If this The New India Assurance policy renewal is done without a break, then the coverage can be continued for up to the age of 90 years. You must undergo prescribed pre-acceptance health checks at your own cost to identify the pre-existing diseases. The health check is waived-off if you already have mediclaim insurance in continuity with The New India Assurance.

New India Standard Group Mediclaim Policy

As the name suggests, this Standard Group Mediclaim policy by The New India Assurance offers mediclaim services for the entire group. It is targeted at corporations, businesses, enterprises, etc. that need to buy a policy for their group of employees or selected individuals.

New India Universal Health Insurance Scheme (BPL)

This policy by The New India Assurance has been designed for families living below the poverty line or BPL. It covers such families against any sudden medical emergency that results in their hospitalization due to an injury or an illness. It also provides personal accident cover to the breadwinner of the family and provides disability compensation to the bread earner and his/ her spouse.

New India Universal Health Insurance Scheme (APL)

This Universal Health Insurance Policy by The New India Assurance Company is available to the groups of over 100 families. It covers the hospitalization expenses arising out of an injury or illness, including boarding, room expenses, as provided by the nursing home or the hospital. It covers all the eligible members of a group/ association/ company, including eligible family members, under one policy. The policy is issued in the name of the company/ group/ association with the names of all the eligible members and their family members listed in the schedule.

Rashtriya Swasthya Bima Yojana Policy

This policy by The New India Assurance Company is available to an individual as well as his family members. Rashtriya Swasthya Bima Yojana provides reimbursement of the hospitalization expenses for diseases and illnesses suffered or any injury sustained by the policyholder and his family members.

New Family Floater 2012

The New India Assurance policy is designed to cover all the members of a family under one health insurance policy and a single sum insured amount. It covers the insured and his family against unforeseen hospitalization expenses. This policy also comes with a cumulative bonus and continuity benefit.

New India Cancer Guard Policy

The New India Cancer Guard policy covers the expenses incurred on the treatment of cancer, including in-patient and outpatient cost. It covers both conventional treatments, such as chemotherapy, organ transplant, onco-surgery, etc. as well as advanced treatments, such as proton treatment, bone marrow transplantation, hormonal therapy, etc. Moreover, it also provides an additional 50% of the sum insured as critical care benefit if the insured is diagnosed with cancer for the first time and is in Stage IV.  

New India Floater Mediclaim

The New India Floater Mediclaim policy has been designed to cover the hospitalization expenses incurred by all the members of a family under one policy. It covers a maximum of six members can be covered under this policy. This policy provides hospital benefit and critical care benefit to the insured. It also covers ambulance charges, day care procedures and treatments taken through Ayurveda, Unani & homeopathy.

Following is the list of some of the other health insurance plans offered by The New India Assurance Company:

• Enhanced Good Health
• ICAI Family Floater Mediclaim
• New India Flexi Group Mediclaim
• New India Flexi Floater Grp Md
• Overseas Mediclaim Policy (PZ)
• Std Group Janata Mediclaim
• Tertiary Care Insurance (Individual)
• Tertiary Care Insurance (Group)
• Two Year Good Health Mediclaim

The New India Assurance Company provides you with comprehensive motor policies that let you take care of yourself and your car in case of an accident. As per the Motor Vehicles Act 1988, every vehicle owner has to have an insurance policy that covers any legal liability of the owner to pay compensation to a third party for accidental death, bodily injury or damage to the property. The owner must carry the Certificate of Insurance in the vehicle as a document of proof.

The New India Assurance Motor Insurance is classified into three major categories. They are:

• Commercial Vehicle
• Private Car
• Two Wheeler

New India Commercial Vehicle Insurance Plan

The Commercial Vehicle Insurance by The New India Assurance covers all kinds of commercial vehicle plying on Indian roads. This insurance policy offers two types of covers namely, Package Policy and Liability Only Policy.

The Liability Only policy covers the third-party liability of the owner for causing the demise and/or any bodily injury or property damage. It also includes personal accident cover for the owner-driver. However, Package policy covers the damages or losses to the vehicle insured along with the cover provided by the Liability Only policy. The Liability Only policy for commercial vehicles covers property damage up to Rs 7.5 lakh.

New India Private Car Insurance Policy

The New India Private Car Insurance policy covers all kinds of private cars plying on public roads. Just like the Commercial Vehicle Insurance offered by The New India Assurance Company, This Car Insurance policy also provides both Liability Only policy and Package policy. The Liability Only policy for private cars covers property damage for up to Rs 7.5 lakh.

New India Two Wheeler Insurance Policy

New India Two Wheeler Insurance policy covers all sorts of two-wheelers, including motorcycles and scooters, plying on public roads. Just like other motor insurance policies by The New India Assurance, this policy also offers both Liability Only policy and Package policy. The Liability Only policy for two-wheelers covers property damage to the tune of Rs 1 lakh.

The New India Assurance Motor Insurance also offers the following additional policies with Compulsory Accident Cover (CPA) and Own damage (OD) cover:

• Standalone CPA Cover
• Standalone OD for Motor PC (for private cars)
• Standalone OD for Motor TW (for two-wheelers)

Whether there is a flight delay, baggage loss or medical emergency when you are travelling abroad, New India Travel Insurance takes care of every emergency. The New India Assurance Company offers travel insurance policies, that ensure that you have a tension-free and hassle-free international journey.

New India Overseas Mediclaim (ES) Policy

This Overseas Mediclaim Policy by The New India Assurance Company is available for people travelling abroad for employment & studies. Medical expenses incurred by the insured individuals outside India as a direct consequence of any bodily injury, sickness or disease contracted are covered under this policy. The insured should be between 6 months and 70 years of age. While the premium is payable in Indian rupees, The New India Assurance claims are settled abroad in foreign currency. The policy has to be taken prior to departure from India and is available for an initial period of 180 days.

New India Overseas Mediclaim (Bus & Hol) Policy

This Overseas Mediclaim policy by The New India Assurance covers the insured against any medical expenses arising out of an illness or injury caused during his international trip. The plan can be opted by individuals or families on holidays as well as frequent business travellers between the ages of 6 months and 70 years. It also covers delay or loss of check-in baggage, loss of passport and personal liability. The policy is available for an initial period of 180 days.

The New India Assurance also offers Suhana Safar Policy, which is its domestic travel insurance policy meant to protect people travelling within India. It covers the accompanied baggage of the traveller from any unforeseen damages or loss.

Home & Contents Insurance by The New India Assurance helps to safeguard your home and give you comprehensive coverage against many perils including fire, burglary, natural disasters and domestic appliance breakdown. This insurance policy has three types of plans:

• New India Householder’s Policy
• Griha Suvidha Policy (Tenants and Owners)
• Fire Policy for Home (Safe Home)

Business and SME Insurance by The New India Assurance offers customized policies to protect businesses and small & medium enterprises from any damage or losses.

Plate Glass Insurance

The Plate Glass Insurance provides coverage against any accidental breakage of plates or glasses in a commercial establishment including showrooms. It does not include breakage due to earthquakes, fire, explosions, etc.

• Burglary Insurance: Burglary Insurance by The New India Assurance is specially designed to provide coverage to the business premises, such as offices, factories, godowns, etc. due to burglary or theft. It protects such establishments from any loss or damage caused to the building or its contents due to forced entry or theft.

The New India Assurance also provides other types of Business & SME Insurance that include:

• Jewellers Block Insurance
• Fidelity Guarantee Insurance Policy
• Neon Sign Insurance
• Money Insurance
• Shopkeeper’s Policy
• Multi Peril Policy for LPG Dealers
• Money Insurance
• Event Cancellation Insurance
• Extended Warranty Insurance
• Exhibition Insurance
• Business Interruption

The New India Assurance Company offers a diversified range of plans under its miscellaneous category. They are:

New India Personal Accident Insurance Plan:

Road accidents are always on the surge owing to bad roads, rash driving and poor driving skills of people. Having a Personal Accident Insurance plan by The New India Assurance is important as it covers accidental emergencies and takes care of any financial distress arising out of it. It compensates for the death or permanent total disability of the insured and takes care of any medical treatment expenses for bodily injuries. The policy can be availed 24x7 at any corner of the world.

New India Rasta Apatti Kavach (Road Safety Insurance)

The New India Assurance Rasta Apatti Kavach (Road Safety Insurance) policy has been designed to cover an individual in motor vehicle accidents on the road that leads to hospitalization. It also has a provision for compensation for death and permanent disability. The sum insured is available for Rs 25,000 to Rs 1 lakh that extends to Rs 10 lakh in multiples of Rs 1 lakh. This policy by The New India Assurance is available annually as well as for a long-term period for up to 3 years.

Other types of Personal Accident insurance plans offered by The New India Assurance are as follows:

• Personal Accident (Death and PTD)
• Janata PA Sukshma Bima Policy
• Janata Personal Accident
• Pradhan Mantri Suraksha Bima Yojana
• Good Health Personal Accident
• Pradhan Mantri Kaushal Vikas Yojana
• Two Year GH Personal Accident

This policy by The New India Assurance offers different kinds of protection in an industrial setup including machinery insurance, contractor’s risk insurance and contractor’s plant & machinery. Some of the plans offered under Industrial Insurance are:

• Machinery Breakdown Insurance: Machinery Insurance by The New India Assurance is a policy designed to cover financial losses incurred by the policyholder in case of damage or loss to the machinery due to any sudden mechanical breakdown or accidental electrical breakdown.
• Contractors Plants and Machinery: New India Contractors Plants and Machinery Insurance policy covers various kinds of machinery that are used for construction or to hand out materials. The policy by The New India Assurance covers any unforeseen accidental or external damage caused to the machinery.
• Contractor All Risks Insurance: Contractor All Risks Insurance by The New India Assurance intends to give financial safety to the civil engineering contractors in case of an accident of the civil engineering work while in construction.
• Marine Cum Erection Policy: This policy by The New India Assurance is a comprehensive policy that covers all kinds of risks that a project can be exposed to starting from the supplier’s warehouse to its erection, testing and commissioning on site. It can be bought jointly or separately by the contractor, sub-contractor or principal. This policy is also known as the Storage cum Erection policy.
• Advance Loss of Profit Insurance: Advance Loss of Profit Insurance by The New India Assurance Company covers the actual loss of gross profit that a company faces due to a delay in claim payment. The delay period is calculated from the scheduled date to the actual date of starting the commercial operation. This policy is also known as the Delay in Startup policy.
• Other types of Industrial insurance offered by The New India Assurance are:
• Electronics Equipment Insurance Policy
• Consequential Loss Policy
• Mega Package Policies
• Boiler & Pressure Plant Insurance
• Civil Engineering Completed Risks Insurance
• Deterioration of Stocks
• Engineering Stand Alone Terrorism
• Windmill Package Insurance
• Petrochemical Insurance

This policy by The New India Assurance provides the insured with protection against different kinds of liabilities that may cause a financial burden. Some of the plans under Liability Insurance are:

• Carrier Couriers Legal: Carrier Couriers Legal Insurance by The New India Assurance pays all the sums for which the policyholder shall become legally accountable as compensation for damage or destruction or physical loss of merchandise or goods while in transit. It also includes damage at the time of loading or unloading of the items.
• Bankers Indemnity: Bankers Indemnity policy by The New India Assurance is a package policy, which is designed to cover any risksrelated to the banking sector that may lead to legal liabilities or losses. It covers money or securities of the bank that may get lost or damaged due to perils like fire, theft, employee dishonesty, etc. It allows all the branches of a bank to be covered under a single policy.

Other types of Liability Insurance provided by The New India Assurance Company are:

• Professional Indemnity Policy
• Products Liability Policy
• Directors and Officers Liability Policy
• Public Liability Policy
• Lift (Third Party) Insurance
• Employers’ Liability Policy
• Liability Insurance Act Policy
• Golfers Indemnity Policy
• Clinical Trials Liability
• Title Insurance
• Crime Insurance
• Prospectus Liability
• Cyber Insurance
• Product Recall, Guarantee, Loss
• Employees Compensation
• Nuclear Supplier
• Employees Compensation 2009
• Nuclear Operators Liability
• IT Errors, Omissions Liability
• Eproduct for Doctors Indemnity
• Other Miscellaneous Liability
• Industrial All Risks

The New India Assurance Company also provides different types of personal insurance like baggage insurance, group mediclaim policy, gun insurance, etc. Take a look:

• Baggage Insurance: As the name suggests, Baggage Insurance by The New India Assurance provides coverage against damage or loss to accompanied personal luggage of the policyholder and his/her family while travel The loss may be caused due to theft, fire or accident at the time of the journey.
• In addition to the above policy, The New India Assurance Company also offers the following covers for the individual:
• All Risk Insurance
• TV/VCR/VCP Insurance
• Mobile/Cellular Phone Insurance
• BirthRight Insurance
• Gun Insurance
• Group Mediclaim Policy

The New India Assurance Company took part in the Aviation Insurance of Air India in the year 1946. It now offers professional aviation insurance solutions and advice to the needs of the operators of the small aircraft along with the scheduled airlines. The various insurance policies provided under the New India Aviation Insurance are as follows:

• Hull All Risk Insurance Policy
• Spares All Risk Insurance Policy
• Hull/ Spares War Risk Insurance Policy
• Hull Deductible Insurance Policy
• Aviation Personal Accident (Crew Member) Insurance Policy
• Loss of License Insurance Policy
• Aviation Liability Insurance
• Aviation LOL (Group)
• Aviation PA (Group)

New India Fire Insurance policies are the plans that help to protect a business or establishment from any loss or damages resulting out of the fire. Below is the list of fire insurance policies offered by The New India Assurance Company:

• Standard Fire and Special Perils
• Fire Floater
• Fire Large Risk
• Fire Floater Declaration

Apart from the aforementioned plans, there are more insurance policies under the miscellaneous category of The New India Assurance. They are listed below:

• Airline Hull War Excess Liability
• Airline Hull Spares Liability
• Airline Hull Deductible Insurance
• Aviation Liability Insurance
• Pravasi Bharatiya Bima Yojana
• Portable Equipment Insurance
• Large Risk Project Insurance
• Ashrya Bima Yojana
• Good Health Mediclaim
• Office Protection
• Package Liability
• Other Miscellaneous Non-Liability Products
• Other Miscellaneous Non-Liability Policies
• Office Protection Shield
• Students Safety Package
• Students Safety
• Stock Broker Indemnity
• Stand Alone Terrorism
• Special Contingency Insurance
• Swavlamban
• Credit Shield Export
• E_Flight_Coupon
• Credit Shield Domestic
• E_Flight_Coupon_Baggage

Any insurance meant for organizations or people in rural areas or with some practices and lifestyles from rural areas are referred to as rural insurance. The Rural Insurance by The New India Assurance aims at offering the best of plans to the people living in rural areas so that they can avail the benefits from the insurance. The New India Assurance Rural Insurance plans include:

New India Bhagyashree Insurance

New India Bhagyashree Child Welfare Insurance policy aims at providing insurance to ONE female child in a family who loses either mother or father due to accidental death. This insurance cover is available on a 24-hour risk basis.

New India Cattle Insurance Policy

Cattle Insurance by The New India Assurance covers bullocks, bulls, heifers/calves, buffaloes and milch cows, castrated male buffaloes, etc. This policy provides comprehensive coverage in the event of the demise of the cattle due to any riots, surgical operations, fire accidents, lightning, tempest, strikes, storm, cyclone, etc. This plan comes with a group discount. The market value of the animal is fixed as the sum insured.

New India Hut Insurance Policy

The Hut Insurance policy is specially designed to provide cover to the dwelling huts in the rural areas. This policy covers any damage or loss caused due to lightning, storm, tempest, cyclone, flood, fire, earthquake, boiler explosion, gas explosion, riots, aircraft explosion, etc. This plan by The New India Assurance covers huts whose construction has been financed by Banks, government institutions or the co-operative societies.

New India Poultry Insurance

The New India Assurance Poultry Insurance offers an indemnity in the event of the demise of the poultry birds due to fire accidents, cyclone, earthquakes, terrorist activities or any contracted diseases. The applicability of this plan restricts to layer birds, broiler birds and exotic & cross-bred hatchery or parent-stock, etc.

This Horticulture/ Plantation Insurance policy offers coverage for the damage to or the loss of the insured trees or fruits such as citrus, rubber, grapes, tea, palm, eucalyptus, roses, orchids, etc. This plan by The New India Assurance covers damages caused due to terrorist activities, lightning, fire (including bushfire and forest fire), flood, storm and inundation, strikes or riots, etc.

Below are some other Rural Insurance plans offered by The New India Assurance Company

• Animal Driven Cart Insurance
• Dog Insurance
• Camel Insurance
• Elephant Insurance
• Duck Insurance
• Eproduct for Laghu Bima Cattle
• Epidemic Poultry Insurance
• Eproduct for Laghu Bima Health
• Eproduct for Laghu Bima Personal Accident
• Eproduct for Laghu Bima Hut
• Gobar Gas Insurance
• Horticulture Insurance
• Honeybee Insurance
• Group Janata Insurance
• Inland Fish Insurance
• Horse Donkey Pony Mule Insurance
• Lift Irrigation Insurance
• Kisan Credit Card Yojana
• Pig Insurance
• Sheep and Goat Insurance
• Silkworm Insurance
• Farmers Package Insurance
• Floriculture Insurance
• Pedal Cycle Insurance
• Personal Gramin Insurance
• Personal Janata Insurance
• Agricultural Pump Set Insurance (Individual/ Group)
• Rabbit Insurance Scheme
• Raj Rajeshwari Mahila Kalyan Yojana
• Seeds Fertilizers Pesticides Insurance
• Zoo And Circus Animal Insurance Scheme
• Composite Package for Tribals
• Brackish Water Prawn Insurance
• Failed Well Insurance
• Farmers Asset Insurance
• Group Gramin Insurance
• Jan Suraksha Laghu Bima Policy
• Master Policy Insurance
• Rural Agricultural Implements
• Unborn Calf Bima
• Pradhan Mantri Fasal Bima Yojana
• Restructured Weather Based Crop Insurance Scheme

Marine Insurance, as the name suggests, covers all the damages or losses caused to the terminals,  cargos during transport, ships, etc. The New Indian Assurance Company has various Marine Insurance policies to offer which include:

New India Charters Liability Insurance

Charters Liability Insurance policy is an annual policy covering the liabilities of the Charter. This liability may happen due to the charter being an employee of the hired ship and it is a charter’s responsibility to ensure the safety of the vessel or the ship. However, the vessel or the ship must be covered under the Hull and Machinery Insurance policy of The New India Assurance to be issued a Charters Liability Policy.

New India Duty Insurance

The New India Assurance Company offers Duty Insurance only on imported goods (in India). This policy is given to the company to whom the import license has been issued. This insurance is not granted on ‘Duty’ or the ’Increased Value’ after the arrival of the carrying vessel or ship to its destination port.

New India Voyage Insurance

New India Voyage Insurance covers the vessel for a particular voyage from one port to another port. The Voyage Insurance by The New India Assurance is subject to Institute Voyage Clause. This cover begins with the inception of the voyage and is terminated when the voyage is completed.

New India Tea Crop Insurance

The Tea Crop Insurance provides cover to the tea crops from any physical damage or loss. New India Tea Crop Insurance is only issued garden-wise. Nevertheless, if the factories don’t have any garden, The New India Assurance Company may issue policies factory-wise.

Mentioned below are some other Marine Insurance plans offered by The New India Assurance:

• ALOP Insurance
• Annual Policy
• Annual TurnOver Policy
• Hull and Machinery Insurance
• Marine Builders Risk
• Marine Hull - War Risk
• Marine Ship Repairs Liability
• Offshore Energy Policy
• Open Cover Agreement
• Open Cover Certificate
• Open Policy
• Post Package Policy
• Sellers Interest Insurance
• Ship Breaking Insurance
• Specific Voyage Insurance
• Marine Cargo Policy
• Increased Value Policy
• Protection and Indemnity Cover
• Awaiting Breakup and Beaching