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- Insuring You, 1 Kid
- Eldest Member Age: 26-30
- Sum Insured: ₹ 5L
Priced Moderate
National New Parivar Mediclaim
- Product features17/100
- Price62/100
- Claims experience52/100
The 1 Finance Score is a weighted average based on price, product features, and claims experience.
43Must-Look Features
Room RentUpto 1% of SI- No Claim Bonus (NCB)Not available
- Recharge of SI (RSI)Not available
- Pre-Existing Diseases (PED)Covered after 4 years
Co-payment (Co-Pay)No Co-pay, voluntary Co-pay options are available- Health and WellnessCheck up after every 3 claim-free years, max limit of ₹3,000
Claims Experience
- Claim Settlement Ratio (CSR) - Number88.89%
- Claim Settlement Ratio (CSR) -Amount96.48%
- Incurred Claim Ratio (ICR)91% signifies expensive pricing & low claims payments
- Ageing of Claim94.96%
- Network Hospitals6000
- Pre-hospitalisation30 days
- Post-hospitalisation60 days
- Daycare treatmentsUp to SI
- Ambulance coverUp to INR 1,000/- per illness & INR 2,500/-
- Domiciliary hospitalisationUp to 20% of SI, subject to maximum of INR 50,000
- Organ donor coverHospitalisation, pre and post hospitalisation
- Second opinionOne MSO per family in a policy year
- Daily allowance
INR 300, max. of 5 days
- AYUSH treatmentCovered up to SI
- Modern treatment methodsUp to 25% of SI for each treatment
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About National Insurance
National Insurance Company Limited, founded in 1906 in Kolkata, West Bengal, is India's oldest general insurance company. In 1972, it merged with 21 foreign and 11 Indian companies to form one of the four wholly-owned subsidiaries of the General Insurance Corporation of India. Initially recognised as a subsidiary of the Government of India, it gained independence in 2002 and became an autonomous general insurance provider.
About National Insurance
National Insurance Company Limited, founded in 1906 in Kolkata, West Bengal, is India's oldest general insurance company. In 1972, it merged with 21 foreign and 11 Indian companies to form one of the four wholly-owned subsidiaries of the General Insurance Corporation of India. Initially recognised as a subsidiary of the Government of India, it gained independence in 2002 and became an autonomous general insurance provider.
- FOUNDED IN1906
- CEOSiddhartha Majumdar
- HEADQUARTERSKolkata, India
- AUM₹28,520.92 Cr
- GROSS WRITTEN PREMIUMS (GWP)₹15,753.48 Cr
- COMBINED RATIO127.00%
Combined ratio assesses an insurance company's financial health by indicating the percentage of earned premiums used for claims and expenses.
A combined ratio below 100% means the company profits from underwriting, while a ratio above 100% implies it pays out more in claims and expenses than it collects in premiums.
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