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- Insuring You, 1 Kid
- Eldest Member Age: 26-30
- Sum Insured: ₹ 5L
Priced Low
New India Floater Mediclaim
- Product features8/100
- Price87/100
- Claims experience45/100
The 1 Finance Score is a weighted average based on price, product features, and claims experience.
51Must-Look Features
Room Rent0%-1% of SI- No Claim Bonus (NCB)Max up to 50% of SI
- Recharge of SI (RSI)Not available
- Pre-Existing Diseases (PED)Covered after 4 years
- Co-payment (Co-Pay)No sufficient information available
- Health and WellnessNo benefits available
Claims Experience
Claim Settlement Ratio (CSR) - Number98.44%- Claim Settlement Ratio (CSR) -Amount108.76%
- Incurred Claim Ratio (ICR)106% signifies an adverse financial position
- Ageing of Claim94.75%
- Network Hospitals2055
- Pre-hospitalisation30 days
- Post-hospitalisation60 days
- Daycare treatmentsCovered
- Ambulance coverCovered
- Domiciliary hospitalisationNot Covered
- Organ donor coverCovered up to SI
- Second opinion-
- Daily allowance
Available
- AYUSH treatmentCovered up to 25% of SI
- Modern treatment methodsCovered
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About The New India Assurance
New India Assurance Co. Ltd is India's largest general insurance company, based on gross premium collection, including foreign operations. It operates in 25 countries as a multinational general insurance provider. Since its inception, New India Assurance has been dedicated to offering its customers a wide range of insurance products, including health, vehicle, travel, rural, marine, and more. It has also maintained a AAA/Stable rating from Crisil since 2014, demonstrating its financial strength and ability to serve its customers.
About The New India Assurance
New India Assurance Co. Ltd is India's largest general insurance company, based on gross premium collection, including foreign operations. It operates in 25 countries as a multinational general insurance provider. Since its inception, New India Assurance has been dedicated to offering its customers a wide range of insurance products, including health, vehicle, travel, rural, marine, and more. It has also maintained a AAA/Stable rating from Crisil since 2014, demonstrating its financial strength and ability to serve its customers.
- FOUNDED IN1919
- CEOGopalan Srinivasan
- HEADQUARTERSMumbai, India
- AUM₹56,350.64 Cr
- GROSS WRITTEN PREMIUMS (GWP)₹41,996.46 Cr
- COMBINED RATIO120.87%
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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