New India Assurance Company Limited – Overview
Name : New India Assurance Company Limited
Company Tagline : –
Type : Public Sector
Founded : 1919
Nationalized : 1973
Owner : Government of India
Serving Area : Worldwide
Credit Rating : AAA
Head Quarters : Mumbai, Maharashtra
Insurance Products Offered : 230
Products and Services Offered : Motor Insurance, Medical Insurance, Travel insurance, Rural Insurance,
Established by Sir Dorabji Tata in 1919, New India Assurance Company Ltd is an Indian public sector general insurance company. Based on gross premium collections that are inclusive of foreign operations, New India Assurance Company Ltd is the largest general Insurance Company of India. It functions in India as well as other foreign nations like Japan, New Zealand, Hong Kong, Oman and so on. About New India Assurance rating, the company is prominently the only direct insurer in India. It has been rated A by AM Best (A indicates an excellent and positive outlook). The Credit Rating Information Services of India Limited (CRISIL) has reasserted New India Assurance’s AAA/STABLE rating. This portrays that New India Assurance Company Ltd contains the greatest degree of monetary strength. New India Assurance Company’s head office rests in Mumbai, Maharashtra. Among a total of 31 regional offices, New India Assurance has a regional office in Delhi. The New India Assurance share bonus is 1:1 ratio.
New India Assurance Company Ltd offers incredibly effective and efficient services to its customers. It provides more than 230 insurance products that have well-customised plans that suit the needs of the customers. Other than offering basic plans, New India Assurance Company Ltd also caters into the rural, micro and social sector.
New India Assurance Subsidiaries
Although the company was founded in 1919, it was only nationalized in 1973. Currently, New India Assurance Company Ltd is situated in 28 varied countries that consist of branch offices, associates, agencies and a lot more. Along with having a business in Japan and Mauritius, the company also has a share in different countries in Singapore, Kenya, Saudi Arabia, Jordan, etc. New India Assurance Company Ltd has subsidiary agencies as well. There is Lagos, Kano and Port Harcout in Nigeria; Port of Spain in Trinidad & Tobago; Castries in St. Lucia; Roseau in Dominica; Philipsburg in St Maarten; Guyana; Anguilla and Freetown in Sierra Leone.
Products and services offered New India Assurance Company Ltd
New India Assurance Company Ltd offers a wide variety of insurance services that cater to different needs of society. The most known plans that are used by customers are medical insurance and motor insurance.
Motor Insurance is a plan that all vehicle owners must possess. It provides financial protection to your bike/ car in case of an emergency.
Medical Insurance also is known as health insurance is a very reliable plan that helps you to deal with medical health emergencies easily and calmly. Health insurance plans help you in obtaining fine quality treatment without you having to spend your own money.
Travel insurance plans cover flight delays, baggage claims, medical emergency during your travel abroad. The company offers the best travel plans to ensure you have a worry-free journey abroad.
New India Assurance Health Insurance
The most effective way of dealing with health-related uncertainties of life is by investing in a health insurance plan. It takes away the financial stress that such situations create. The company has a list of good range health insurance plans that are almost pocket-friendly. These plans cater to the needs of families as well as individuals.
Types of health insurance plans offered by New India Assurance are as follows
1. New India Global Mediclaim Policy
This policy is created for individuals who have health insurance of an amount of 8 Lakh INR or more. The minimum age for entry is 18 years and the maximum age for entry is 65 years. It offers financial coverage for expenditures incurred on neurosurgery, cancer surgery, heart valve surgery, Coronary Artery Bypass Graft surgery, living donor transplant and bone marrow transplant.
2. New India Asha Kiran Policy
This policy is suited for parents who have a single female child. The girl child can be covered from the age of 3 months up to 25 years of age, and the proposer must be between the age of 18 to 65 years. The policy provides coverage for unfortunate medical emergency hospitalization costs as well as offers an accident cover to the proposer, the spouse and their daughter. On a pro-rata basis, the inclusion of a second girl child is allowed by paying an additional premium.
3. Jan Arogya Bima Policy
This policy is specifically curated for providing health insurance to the poor sections of the society. The policyholder is exempted from service tax.
4. New India Universal Health Insurance Policy
This policy is available to groups of more than 100 families. It provides coverage for hospitalization expenses as well as room costs, boarding as provided by the hospital.
5. New India Standard Group Mediclaim Policy
Owing to its name, this policy offers financial coverage for groups. It is particularly beneficial for corporates, enterprises, businesses, etc. that need a policy for an entire group of their employees.
6. New India Mediclaim Policy
This policy is particularly created for individuals between the ages of 18 to 65 years. It covers all hospitalization costs. Under this policy, you as well as your family can be covered with a separate sum assured for each insured person. It covers a maximum of 6 people.
7. Cancer Medical Expn- Individual
This policy covers all medical costs incurred for the treatment of cancer. This policy is also offered to the Indian Cancer Society’s members.
8. New India Assurance Senior Citizen Mediclaim Policy
Available to all Indian resident senior citizens between the ages of 60 to 80 years, this policy can be continued up to 90 years of age if you do the New India Assurance renewal without any break. In order to identify any pre-existing diseases, the policyholder has to incur the costs of pre-acceptance health checks.
9. New India Family Floater Mediclaim Policy
This policy covers all the members of the family under one sum insured. The entry age for all members is between 18 years to 65 years. It covers the insured, his or her spouse and dependent children as well. The policy provides coverage for pre, post and in-hospitalization expenses, along with day-care and ambulance charges. Unani, homoeopathic and ayurvedic treatments are also covered up to 25% of the sum insured.
10. New India Janata Mediclaim Policy
Available for customers between the age of 18 years to 60 years, this policy covers children between the age of 3 months to 18 years as well. It covers medical costs like hospitalization expenses, day-care treatment, ambulance charges, homoeopathic, ayurvedic and Unani treatments.
In what ways can I do my New India Assurance renewal online payment?
You can renew your policy online by visiting the company’s official website. To complete the procedure, you can either pay through net banking, credit card or debit card.
What is New India Assurance agent portal?
New India Assurance agent portal is available on the company’s official website. This enables customers and stakeholders to access products and various services easily without having to go and visit the branch offices.
New India Assurance customer care number?
New India Assurance provides efficient customer care service. The numbers are 2222708400 and 2222708100.
Can I ownload the New India Assurance policy copy online?
Yes, you can download your policy online by visiting the company’s official website and entering your customer Id and password.