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- Eldest Member Age: 26-30
- Sum Insured: ₹ 5L
Priced Moderate
New India Mediclaim Policy
- Product features27/100
- Price57/100
- Claims experience45/100
The 1 Finance Score is a weighted average based on price, product features, and claims experience.
55Must-Look Features
Room Rent1% of SI per day- No Claim Bonus (NCB)Max up to 50% of SI
- Recharge of SI (RSI)Upon SI exhaustion: Additional coverage for unrelated diseases available for SI ₹5L and above
- 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 once after 3 claim-free years, max limit of ₹5,000
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 treatments139 daycare procedures covered
- Ambulance cover1% of the SI or at actuals, whichever is less, subject to a maximum of ₹2,500
- Domiciliary hospitalisationCovered
- Organ donor coverCovered up to SI
- Second opinion-
- Daily allowance
0.1% of the SI per day, up to a maximum of 1% of the SI
- AYUSH treatmentCovered up to 25% of SI (Provided the treatment for illness and accidental injuries)
- 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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