New India AssuranceIncurred Claim Ratio - 96*
New India Assurance Company Limited Overview
New India Assurance Company Limited, headquartered in Mumbai, is the wholly government-owned multinational general insurance company operating in 22 nations across the globe. Established by Sir Dorabji Tata in 1919, New India Assurance has been a pioneer in the non-life segment for over 40 years. It is one of the leading global insurance groups in the international market and has its offices and branches in the overseas markets.
CRISIL has conferred AAA/Stable rating to the New India Assurance Co. Ltd. AM Best has rated A - (Excellent -Stable Outlook). This makes it the only direct insurer to confer this rating.
Headed by the team of competent professionals who have helped the company to stay distinctively ahead of the competitors, The New India Insurance Company Limited has gained a significant momentum owing to below achievements:
- First insurer to set up 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
- The largest number of offices in India and abroad
- Global presence in countries like the UK, Australia, Mauritius, Thailand, New Zealand, the UAE and the Philippines
Apart from the aforementioned achievements, New India Assurance has conferred the following awards in the past two years:
|Year||Award won by the Company||Authority|
|2017||Insurance Company of the Year - India Insurance Summit||Quest Conferences|
|2017||Golden Peacock Business Excellence Award||Golden Peacock|
|2017||India’s Leading Insurance Company-Non-Life Public Sector Dun and Bradstreet BFSI Awards||Dun & Bradstreet|
|2016||Best General Insurance Company -ABP News||ABP|
|2016||General Insurance Company of the Year||FINTELEKT|
|2016||Dun & Bradstreet PSU Award||Dun & Bradstreet|
New India Assurance Insurance Company Limited Plans:
- New India Health 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 Marine Insurance: It includes insurance like marine cargo policy, jewellers block policy, aviation insurance, etc.
- New India Miscellaneous (Industry) Insurance: It covers fire insurance, machinery breakdown policy, etc.
- New India Liability Insurance: It includes policies like public liability policy, professional indemnity policy, an employer’s liability policy, etc.
- New India Rural (Social) Insurance: It is offering insurance plans like rural insurance, student safety insurance, etc.
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 the financial issues.
Here are the top health insurance policies offered by New India Insurance Company:
|Name of the Plan||Type||The term of the Policy||Sum Assured|
|New India Assurance Asha Kiran||Family or Individual||1 year||Rs. 2,3,5 and 8 Lakh|
|New India Mediclaim||Family or Individual||1 year||Rs. 1 Lakh to Rs. 15 Lakh|
|Cancer Medical Expn - Individual||Family or Individual||1 year||Rs. 50,000 to Rs. 2 Lakh|
|New India Family Floater Mediclaim||Family||1 year||Rs. 2,3,5 and 8 Lakh|
|Jan Arogya Bima||Family and Individual||1 year||Rs. 5000|
|Janta Mediclaim Policy||Family or Individual||1 year||Rs. 50,000 or Rs. 75,000|
|New India Global Mediclaim Policy||Individual||180 days||US$ 50,000 - US$ 500,00|
|New India Premier Mediclaim Policy||Family and Individual||-||Rs. 15, to Rs. 1 crore|
|New India Sixty Plus Mediclaim Policy||-||-||Rs. 2,3 and 5 Lakh|
|New India Top-up Mediclaim||Family or Individual||-||Rs. 5 Lakh to Rs. 22 Lakh|
|Standard Group Mediclaim Policy||Group||1 year||Variable|
|Senior Citizens Mediclaim Policy||Individual||1 year||Rs. 1 Lakh; Rs. 1.5 Lakh|
|Universal Health Insurance||Group||-||Rs. 25,000 and Rs. 30,000|
|Universal Health Insurance BPL||Individual and Group||-||Rs. 25, 000 and Rs. 30,000|
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 hospitalization expenses and provides an accident cover to the proposer and his or her spouse.
New India Mediclaim Policy:
New India Mediclaim Policy is specially designed for the individuals with an age between 18 and 65 years. This policy by the New India Assurance Company Limited covers the hospitalization expenses. You and your family are covered in one insurance policy, with a separate Sum Assured for every Insured person. This policy covers maximum of six members including the policyholder, policyholder’s spouse, his/her children and parents.
Cancer Medical Expn - Individual:
The Cancer Medical Insurance scheme 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. They have a membership fee, which includes the insurance premium.
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 you, your spouse and up to two dependent children. The policy covers pre-, post- and in-hospitalization 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 the sum insured, provided the treatment is taken in the registered hospitals.
Jan Arogya Bima Policy:
New India Assurance’s Jan Arogya Bima policy is specially designed to offer cheap health insurance to the poorer sections of the society. The policyholder does not have to pay any service tax.
Janta Mediclaim Policy 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 provided you’re insured under the New India Assurance mediclaim policy.
New India Global Mediclaim Policy:
New India Assurance Global Mediclaim Policy is designed for the individuals who have Health insurance with a Sum Assured is Rs.8 Lakh or more. The minimum age of entry is 18 years; however, the maximum age of entry is 65 years. This policy covers 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 Insurance Premier Mediclaim Policy covers all the hospitalisation expenses. The policyholder can cover his/her family including, the policyholder, 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 entry age for New India Insurance Sixty Plus Mediclaim Policy is 60-80 years. Children can buy this insurance policy for their parents and avail higher tax benefits under the Section 80Dfor senior citizens. This policy covers the pre-hospitalisation and post-hospitalisation expenses.
New India Top-Up Mediclaim:
This New India Insurance policy covers in-patient hospitalization expenses that are incurred within India. If your age is between 18 and 65 years, you can get yourself insured, like you, under this policy while other members can have an age between 3 months and 65 years.
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. 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 New India Insurance.
New India Standard Group Mediclaim Policy:
As the name suggests, this New India Standard Group Mediclaim 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 Universal Health Insurance Policy:
The Universal Health Insurance Policy by New India Insurance Company is available to the groups of over 100 families. It covers the hospitalisation expenses including boarding, room expenses as provided by the Nursing home or the hospital.
New India Universal Health Insurance BPL Policy:
This policy by the New India Assurance Company is available to both the group as well as an individual. Universal Health Insurance BPL policy covers the reimbursement of the hospitalisation expenses for diseases and illnesses suffered or any injury sustained by the policyholder.
New India Motor 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. The New India Car Insurance is classified into three major categories. They are:
- Commercial Vehicle
- Private Car
New India Commercial Vehicle Insurance Plan:
Commercial vehicle insurance by New India Insurance covers all kinds of commercial vehicle.
The Motor Vehicle Act, 1988 mandates every owner to have an insurance policy to cover the sum assured that the owner has to pay for loss or damages to the third parties due to accidental death, damage to property or bodily injury. The owner must carry a Certificate of Insurance in the vehicle as a ‘document of proof’ of the insurance. This insurance policy offers two types of covers namely, Package Policy and Liability Only Policy.
Liability only policy is the policy that covers the third-party liability for the demise and/or any bodily injury liability and 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 Liability only policy.
Private Car New India Insurance Policy covers all kinds of cars plying on public roads.
The Motor Vehicles Act, 1988 mandates to have a car insurance policy to cover the sum, which the car owner becomes legally accountable to pay as damages to the third parties due to accidental demise, bodily injury or any damage to the property. Just like the commercial vehicle insurance offered by New India Assurance, private car insurance also has two types of covers namely, Liability only policy and package policy.
New India Two-wheeler Insurance Policy:
New India Two-wheeler Insurance Policy covers all sorts of two-wheelers plying on the public roads.
According to the Motor Vehicles Act, 1988, it is necessary to have two-wheeler insurance for every vehicle owner. This is because the owner becomes accountable to make payment of all the damages arising out of accidental demise, damages to the property, and bodily injury.
New India Assurance Travel Insurance:
Whether it is a flight delay, baggage loss or medical emergency when you are travelling abroad, New India Travel Plan takes care of everything. The insurance company offers the best travel insurance policy to ensure that you have a tension-free and hassle-free journey..
The Overseas Mediclaim Policy by the New India Insurance Company is available for frequent corporate travellers for international travel. 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 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.
New India Assurance Policies help to safeguard your home and give you comprehensive coverage against many perils.
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 Miscellaneous Insurance Plans:
The New India Assurance Company offers a diversified range of plans under its miscellaneous category. They are:
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 an emergency and takes care of financial distress.
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 ensure the policyholder on a first loss basis.
The Rasta Apatti Kavach (Road Safety Insurance) policy designed to cater to the specific needs of an individual to cover motor vehicle accidents on the road that leads to hospitalization 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.
New India Machinery Insurance is a policy designed to cover financial losses incurred by the policyholder due to damage or loss to 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 material.
Contractor All Risks Insurance:
New India Contractor All Risks Insurance intends to give financial safety to the Civil Engineering Contractors in case of an accident of the civil engineering work under progress.
Carrier Couriers Legal:
New India Carrier Couriers Legal Insurance pays all the sums for which the policyholder shall become legally accountable as compensation for damage or destruction of or physical loss of merchandise or goods - while in transit- which includes the uploading or loading of the items.
New India Burglary Insurance is specially designed to provide cover to the business premises such as offices, factories, godowns, etc.
New India Bhagyashree Insurance Policy aims at providing insurance to ONE female child in a family who loses either mother or father due to an accidental death. This insurance cover is available on a 24-hour risks basis.
New India Bankers Indemnity policy is a package policy, which is designed to offer cover against risks that are related to the banking sector.
As the name suggests, New India Baggage Insurance provides cover against damage or loss to accompanied personal luggage of the policyholder and his/her family. The loss may be caused due to theft, fire or accident, during the time of the journey.
Aviation PA (Group Named):
The New India Insurance Company took part in the Aviation Insurance 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.
Advance loss of profit Insurance:
Advance Loss of Profit Insurance by the New India Assurance is a Contractor’s All Risk or marine-cum erection policy. It provides cover against physical damages to the property only. These include the expenses incurred for the replacement or repair of the damaged property.
Apart from the aforementioned plans, there are more plans under the miscellaneous category. They are listed below:
- Aviation for Spares All risk
- Aviation - Personal Accident
- Aviation - Hull All Risk
- Airline Hull War Excess Liability
- Airline Hull Spares Liability
- Airline Hull Deductible Insurance
- Aviation LOL (Group Named)
- Aviation Liability Insurance
- Public Liability - Industrial
- Professional Indemnity
- Product Liability
- Pravasi Bharatiya Bima Yojana
- Portable Equipment Insurance
- Plate Glass Insurance
- Personal Accident (Death and PTD)
- Large Risk Project Insurance
- Jewellers Block Insurance
- Janta PA Sukshma Bima Policy
- House Holder
- Householders Insurance
- Good Health Mediclaim
- Fire Declaration
- Fidelity Guarantee Insurance
- Electronic Equipment Insurance
- Directors and Officers Liability
- Office Protection
- New India Griha Suvidha Policy
- Neon Sign Insurance
- Money Insurance
- MIP5 - Pig Sukshma Bima
- MIP2 - Cattle Sukshma Bima
- Marine Cum Erection Insurance
- Loss of Profit Insurance (MB)
- Liability Insurance Act Policy
- Package Liability
- Other Miscellaneous Non-Liability Products
- Other Miscellaneous Non-Liability Policies
- Office Protection Shield
- Students Safety Package
- Students Safety
- Stock Broker Indemnity
- Standard Fire and Special Perils
- Stand Alone Terrorism
- Special Contingency Insurance
- Shopkeepers Insurance
- Shop Keeper
New India Rural Insurance Plans:
Any insurance type marketed particularly to the organisations or people located in the rural areas or with some practices and lifestyles are referred to as rural insurance. The rural insurance by New India Insurance aims at offering its best plans to the people living in rural areas so that they can avail the benefits of the insurance. New India Assurance Rural Insurance Plans include:
New India Cattle Insurance Policy:
Cattle insurance by New India Assurance covers bullocks, bulls, heifers/calves, buffaloes and milch cows, castrated male buffaloes, etc. This policy provides a comprehensive coverage in the event of demise 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 the Sum Assured.
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 is usually financed by the Bank, the Government institutions, or the co-operative societies.
New India Poultry Insurance:
New India Assurance Poultry Insurance comes with an indemnity in the event of the demise of birds due to fire accidents, cyclone, earthquakes, terrorist activities, or any contracted diseases. The applicability of this plan restricts to layer birds, broiler birds, hatchery etc.
New India Horticulture/Plantation Insurance:
This 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 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
- Group Janta Insurance
- Inland Fish Insurance
- Horse Donkey Poly Mule Insurance
- Janata Personal Accident
- Lift Irrigation
- Kisan Credit Card Yojana
- Pig Insurance
- Sheep and Goat
- Silkworm Insurance
New India Marine Insurance Plans:
Marine insurance, as the name suggests, covers all the damages or losses caused to the terminals and any cargo or transport, ships etc. The New Indian Assurance has various marine insurance policies to offer. They are:
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 any employee of the hired ship. This is because; it is chartered’ responsibility to check the safety of the vessel or the ship. The only condition is that the vessel or the ship must be covered under Hull and Machinery Insurance policy to issue a Charters Liability Policy.
New India Duty Insurance:
New India Assurance Company offers Duty Insurance only on the imported goods (in India). This policy is generally given to the accomplice favouring ‘import license issuance’. Insurance is not allowed on “Duty” or the “Increased Value” after the arrival of carrying the vessel or the ship to its destination port.
New India Voyage Insurance:
New India Voyage Insurance covers the vessel for a particular voyage from one port to other port. The voyage insurance 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:
New India Tea Crop Insurance is only issued garden-wise. Nevertheless, if the factories don’t have any garden, the Company may issue policies factory-wise. The tea crop insurance is usually offered to provide cover against the tea crop from any physical damage or loss.
Mentioned below are some other Marine Insurance Plans offered by New India Assurance:
- ALOP Insurance
- Annual Policy
- Annual Turn-over Policy
- Hull and Machinery
- 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
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 Assurance Renewal Process:
In order to continue your chosen coverage, you must renew your New India Assurance Policy regularly. In the age of technological advancement, you can carry out New India Insurance Online Renewal instantly. The New India Assurance online renewal Process takes some time to process your application. Instant quotes can be availed on the kind of plan you wish to buy from the official website of the New India Assurance Company. Some special deals are also a part of this offer, you can grab such deals while buying or renewing your New India Assurance policies online. Here is the step-by-step process for New India Assurance Policy Renewal Online:
- Visit the New India Assurance official website
- Choose the product from the listed products that you wish to renew.
- Select the New India insurance renewal option
- Enter the required personal details including policy number, customer ID, etc. to continue with the online renewal process of your policy.
- Once this is done, proceed further to the payment options to confirm your New India Policy Renewal Online.
- After you pay for your premium, you’ll get a soft copy of confirmation of your successful renewal of your
How Can You File Claim with the New India Assurance?
Why do you but insurance policies? Of course, to avail of the benefits at the time of need while filing New India Assurance claim. The claim process of New India Insurance is simple, swift and transparent. New India Assurance has a good reputation in terms of settling the claims. Different products of the company have different claim process. For instance, health insurance claim process is different from that of the motor insurance claim process. However, there are a few steps, which are common for all the products and you must follow to file any claim with the New India Assurance:
- In order to file any claim with New India Insurance, you are required to inform the insurance provider at the earliest. For insurance, if you’re registering for health insurance claim with the New India Insurance, there are two kinds of claim processes namely, Reimbursement Claim and Cashless Claim. You can choose any of these and the process for both these is different to some extent.
- You can make a call on New India Assurance’s helpline number to register the claim right away. You’ll be required to fill the New India Assurance Claim form.
- Once you fill-up the New India Insurance claim form, you’ll be channelled to the further procedure of the claim process. The company may subject you to verification. Once the company settles and approves everything, you’ll be required to present the necessary documents and details related to your insurance claim. Then, you’ll get the amount of the claim depending on the Sum Assured.
New India Assurance Company: Premium Payment Process:
The premium payment process of New India Insurance Company includes both online as well as offline mode.
Offline Premium Payment - New India Assurance:
Offline payments services are offered by the New India Assurance are for its consumers who are not tech-savvy. Different modes to be used in offline payment process are as follows:
- Drop boxes
- Payment Collection Centre
- Cash/Cheque Collection Centre
- Company Branch
- Insurance brokers/agents representing the New India Assurance Company
New India Assurance Online Payment Process:
The New India Assurance Company also provides online payment facility for its customers. This online payments service allows you to make payment of the premiums in just simple clicks. You can make use of New India Assurance Premium Calculator to get an estimate of the premiums. You can pay the premiums online. All you have to do it choose quick payment option; enter your ID along with the quote number. Also, pay via credit or debit card or net banking. Once you pay the premium, in no time, the insurer will issue the policy
New India Assurance Premium Calculator:
If you’re planning to purchase any insurance plan from New India Assurance Company and are confused which one to select, you have to look at several factors to make a well-informed decision. Some these factors include:
- Your specific requirements namely, life cover, savings, investment etc.
- Special advantages of holding the insurance plan i.e. the regular payouts, maturity benefits etc.
- Your annual, quarterly, or monthly premium
As the first factor that is mentioned above is clear enough for many of you when you begin your hunt for insurance plans and the information on the website of the company answers your questions that are related to the second factor. However, it is your insurance premium that can be the actual deciding factor. You can make comparison between various policies and see which policy offers the maximum benefits and is economical for you.
How to Make use of New India Assurance Premium Calculator?
There is no specific online premium calculator on the official website of New India Assurance. Nevertheless, you can still make use of the premium calculator on portal of web insurance aggregators to get a rough idea about the premium to be paid against your policy.
There are some important details that you have to enter in the New India Assurance Premium Calculator to get an approximate premium amount. The factors determining the premium may vary from policy to policy. You may require the following details:
- Age/date of birth
- Marital Status
- Annual Income
- Number of Kids
- Term of the Policy
- Smoking Habits
- Life Cover
Once you’ve submitted the aforementioned details, you’ll receive the approximate sum you will have to make payment towards your insurance plan. If you’ve chosen to pay monthly premium, you can switch your payment frequency to quarterly or yearly if it suits you more.
Factors determining your New India Assurance Insurance Premium:
There are a number of factors that contribute in determining your insurance premium. They are discussed below:
Your insurance policy premium depends on your chosen life cover.
Here your premium goes with the saying ‘early bird catches the worm’. Basis the statistics, it is recommended that it is better to buy an insurance policy at an early age as the possibility of you having health issues is tend to be less, and hence, your premium is low.
Women tend to pay a lower insurance premium than the male counterparts. The reason being women tend to see a doctor more often than males so the probability of them finding out health issues earlier and getting the medical procedure is possible in comparison to men.
Q1. Why buy New India Health Insurance Plan?
Ans. You must buy the New Indian Health Insurance Policy for the following reasons:
- This health insurance policy offers plans for senior citizens, which covers pre-existing ailments after a certain period of time.
- It provides a personal accident policy to pay-off the policyholder who has suffered injuries because of an accident.
Q2. Why buy New India Car Insurance Plans?
Ans. Car insurance is the smartest way to safeguard your prized possession. The reasons to buy New India Car Insurance Policy are:
- The third-party insurance provides a cover against death, property damage, or any bodily injuries to the third-party.
- New India Assurance offers a comprehensive car insurance policy that covers the necessary third-party fiscal liability along with the damages the car faces.
Q3. Why am I required to fill up the form to buy insurance?
Ans. Insurance is a contract between the policyholder and the insurance provider. The documentation is the proof of the agreement. The citations incorporate the necessary data and information for a proper disbursal of the coverage mentioned in the contract.
Q4. What is Reinsurance?
Ans. A reinsurance is an agreement by which the insurance providers distribute their risks by buying insurance plans from other insurance providers to limit their losses to the original insurance company in case of accidents and higher claims. All the insurers involved in the reinsurance share the premium amount paid by the policyholder.
Q5. What is a deductible?
Ans. A deductible is an amount that the policyholder bears in all cases or instances and this sum is first subtracted from the full charged payable claims amount before the policyholder determines the coverage liability.
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New India Assurance Reviews
Secure family with new india assurance health plan
Just got the health insurance policy for my whole family from new india assurance company. Policy coverage is high and maximum scenario is covered in the insurance policy. Claiming is simple and easy to make which reduces the waiting time. Online renewals are easily made by anyone through online portal.
My new india assurance policy is the best among all the others. Premium is less and claims are easy to sanctioned. Ambulance give service at any location to the customer/policyholder. Numbers of hospital are working for fast and good service.
India Assurance Health Plan
I got health insurance policy of my choice which satisfies me. Premium is less and claims are high. Claiming procedure is simple and easy and service of the staff is amazing provided by the executive members of the company. The online portal service is the best which make online renewals easily.
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.
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.
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.
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.
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.
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.
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.
Hard copy of Car Insurance
HYUNDAI XCENT, Car Registration No. UP16AU5895, ID No.31540890, Insurer - New India Assurance (Zero Dep Plan), Email Id. : email@example.com, Policy No. 31030031160300000834, Premium : 9151.00/-, Please send me the Hard copy of the Policy.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
"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.
"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.
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.
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.