The New India Assurance Co. Ltd.
Headquartered in Mumbai one of the leading global insurance groups in the international market and has offices and branches in overseas markets. New India Assurance Co. Ltd., today is a 100 % Govt owned multinational general insurance company operating in 28 countries. 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 offices and branches in overseas markets.
New India Assurance, Indian operations, today span across all territories through 2097 offices, including more than 1041 micro offices with 19,000 employees and around 50,000 tied agents providing insurance services to our customers. We have over 170 products catering to almost all segments of general insurance business. We have provided cover to Petrochemical, oil & energy industries, power & steel plants, aviation fleets, satellites, large projects & infrastructures, SMEs and are present in all forms of commercial sector. Our retail business is offered through commercial & personal lines of business and we also have range of products in rural, social sector & micro insurance segments. We operate through many B2B avenues including bancassurance, motor vehicle manufacturers and dealers, MFI & NGOs, Common Service Centers & through affinity programmes with corporates & brokers. We also have significant participation in government run mass insurance schemes.
Promoters of Agriculture Insurance Company of India & GIC Housing Finance Ltd. We are also in the process of setting up a common TPA in the Health insurance support services segment jointly, with other Government owned insurers.
New India insurance company achievements are:
- First insurer to setup 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
- Largest number of offices in India and abroad
- Global presence in countries like the UK, Australia, Mauritius, Thailand, New Zealand, the UAE and Philippines.
Iit operates in 28 countries through subsidiaries, agency operations, direct branches and associate companies. In addition, New India has also equity participation in Insurance companies in Singapore, Kenya, Saudi Arabia & Jordan. London Branch has been in operations for past 95 years and has a desk at Lloyds and operations in many countries like Japan, Mauritius etc are more than 50 years old. We have a subsidiary company in Trinidad & Tobago, New India Assurance Co Ltd, Port of Spain and another in Nigeria, Prestige Assurance Plc, based out of Lagos. We have equity participation in Kenindia Assurance Co Ltd, Nairobi, WAFA Insurance (SICCI) in Saudi Arabia, India International Insurance Pte. Ltd in Singapore and Asian Reinsurance Corporation, Bangkok.
New India Assurance Insurance Company Limited Plans:
- Personal Insurance: It covers policies like individual health policy, family floater, senior citizen health policy, motor policy, money insurance, etc.
- Motor Insurance: It covers car, commercial vehicle and two wheeler insurance.
- Commercial Insurance: It includes insurance like marine cargo policy, jewellers block policy, aviation insurance, etc.
- Industrial Insurance: It covers fire insurance, machinery breakdown policy, etc.
- Liability Insurance: It includes policies like public liability policy, professional indemnity policy, employer's liability policy, etc.
- Social Insurance: It is offering insurance plans like rural insurance, student safety insurance, etc.
New India Assurance Health Insurance Plans:
It will also guarantee that you don't compromise on your treatment just because of financial issues.
Family Floater Mediclaim Policy:
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 65 years, and cover the insured, his or her spouse and up to 2 dependent children from 3 months up to 25 years can be covered provided they are financially dependent on the parents and one or both parents are covered simultaneously. The upper age limit will not apply to a mentally challenged child ren and an unmarried daughter (s) . The policy covers pre-, post- and in-hospitalisation 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 sum insured provided the treatment is taken in registered hospitals.
Janata Mediclaim Policy:
Janata Mediclaim Policy is available to persons between the ages of 18 and 60 years. Children between the age of 3 months and 18 years can be covered provided the parents are covered simultaneously. Persons beyond the age of 60 years can continue their insurance provided they are insured under the New India Assurance mediclaim policy.
The policy covers hospitalization expenses for the treatment of illness/injury provided hospitalization is more than 24 hours. Pre-hospitalization expenses for 30 days and post hospitalization expenses for 60 days are also payable.
- Day-care treatment - The Medical expense towards specific technologically advanced day-care treatments / surgeries where 24 hour hospitalization is not required.
- Ambulance Charges for shifting the insured from residence to hospital are covered up to the limits specified in the policy.
- Ayurvedic/Homeopathic and Unani system of medicine are covered to the extent of 25% of Sum Insured provided the treatment is taken in the Registered Hospital.
- Pre-existing diseases are covered only after 4 continuous and claim free renewals with our Company.
- Pre-existing conditions like Hypertension, diabetes and Cholesterol and its complications are covered after two years of continuous insurance on payment of additional premium.
Senior Citizen Mediclaim Policy:
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. Proposers must undergo prescribed pre-acceptance health checks at own cost to identify pre-existing diseases. The health check is waived off if the proposer is already has mediclaim insurance in continuity with New India Assurance Company.
The policy covers:
- Hospitalization expenses incurred for the treatment of illness/injury.
- Pre- and post-hospitalization expenses up to 30 and 60 days respectively.
- Ambulance Charges.
- Limited cover for hospitalizations in government and /or registered Ayurvedic/Homeopathic and Unani hospitals.
Pre-existing diseases are covered only after 18 months of continuous insurance with our Company.
Pre-existing conditions like Hypertension, Diabetes mellitus and its complications are covered after 18 months of continuous insurance but only on payment of additional premium.
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 hospitalisation expenses and also provides an accident cover to the proposer and his or her spouse. This Policy is designed to give You and Your family, protection against unforeseen Hospitalisation expenses and Accident cover to Proposer and Spouse.
Others Mediclaim Policy:
- Mediclaim 2012 Policy
- Pravasi Bharatiya Bima Yojana Policy (418 KB)
- Mediclaim 2007 Policy
New India Car 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.
Motor Policy:
The motor policy from New India Assurance offers two types of plans - a comprehensive cover that includes third party liability as well as damages to the vehicle and the occupants, and a liability only policy that only insures against third party liability. The plan can be used to cover cars, two wheelers, vehicles in showrooms and garages as well as all types commercial vehicles.
This policy covers all types of vehicles plying on public roads such as:-
- Scooters & Motorcycles
- Private cars
- All types of commercial vehicles
- Motor Trade (vehicles in show rooms and garages)
New India Assurance Travel Insurance:
Whether it is a flight delay, baggage loss or a medical emergency when you are travelling abroad, New India travel plan takes care of everything.
Overseas Mediclaim Policy:
The Overseas Mediclaim Policy is available for frequent corporate travellers for international travel. Medical expenses incurred by the insured persons outside India as a direct result of bodily injury, sickness or disease contracted are covered under this policy. Premium payable in Rupees and Claims settled abroad in foreign Currency. The policy has to be taken prior to departure from India.
Suhana Safar Policy:
The Suhana Safar Policy is aimed at the domestic travel insurance. The domestic traveler can now avail of an insurance policy for a short duration or travel upto a period of 60 days within India. The policy covers any mode of transport i.e. by Rail/Raod/Air/Water including own vehicle. The policy insures the family consisting of the insured, spouse and dependent children from the risk of personal accident, and loss or damage to baggage, among others. The cover starts from the declared place of departure and terminates on the scheduled date of return or the actual date of return, whichever occurs earlier.
New India Home Insurance Plans:
New India Assurance Policies help to safeguard your home and give you comprehensive coverage against many perils.
Householder's Policy:
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. This is a package policy specially designed to meet the insurance requirements of a householder by combining under a single policy, a number of our standard policies usually taken by householders.
Discount in premium is offered depending upon the number of sections of the policy, opted for, by the proposer.
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 insure the policyholder on a first loss basis. This policy is available to any person residing in India , including foreign nationals, provided the contents proposed for insurance is situated within the Indian territory. The settlement of the claims, shall be in Indian currency only.
New India Personal Accident Insurance Plans:
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 emergency situation and takes care of financial distress.
Rasta Apatti Kavach (Road Safety Insurance):
The policy offers PERSONAL ACCIDENT compensation cover including reimbursement of Hospitalisation expenses incurred due to an accident. The Rasta Apatti Kavach (Road Safety Insurance) policy designed to cater to the specific needs of an individual to cover motor vehicle accidents on road that lead to hospitalisation for treatment. The policy also has a provision for compensation for death and permanent disability.
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 Commercial Insurance
New India Insurance Company offers a range of custom policies for commercial enterprises.
- Jewellers Block Policy
- Bankers Indemnity Policy
- Shopkeepers Policy
- Marine Cargo Policy
- Plate Glass Insurance
- Special Contigency Policy
- Neon Sign Insurance
- Multi Peril Policy for L.P.G. Dealers
- Fidelity Guarantee Insurance Policy
- Marine Hull Policy
- Aviation Insurance
New India Industrial Insurance
New India Assurance Company offers various insurance policies for industrial units.
- Fire Policy
- Burglary Policy
- Machinery Breakdown Policy
- Electronics Equipment Policy
- Consequential Loss Policy
- Contractors All Risk Policy
- Marine cum Erection / Storage cum Erection Policy
- Advanced Loss of Profit / Delay in Startup Policy
- Contractor Plant and Machinery Policy
- Mega Package Policies
New India Liability Insurance
New India Insurance Company also offers liability insurance to insure against specific liabilities that may arise in the course of business.
- Public Liability Policy
- Products Liability Policy
- Professional Indemnity Policy
- Directors and Officers Liability Policy
- Lift (Third Party) Insurance
- Employers' Liability Policy
- Carrier's Liability Insurance
- Liability Insurance Act Policy
- Golfers Indemnity Insurance
New India Social Insurance
The social insurance policies from New India insurance company are meant to provide adequate insurance cover for the economically weaker sections of the society and for specific social causes.
- Universal Health Insurance Scheme for BPL families
- Universal Health Insurance Scheme for APL families
- Jan Arogya Bima Policy
- Raj Rajeshwari Mahila Kalyan Yojana
- Bhagyashree Child Welfare Policy
- Janata Personal Accident Insurance
- Student Safety Insurance
- Ashrya Bima Yojana
- Rural Insurance
- Pradhan Mantri Suraksha Bima Yojna
- Swavlamban