New India Assurance Group Health Insurance
New India Assurance, a wholly-owned company of the Government of India, plays a vital role when it comes to insurance products. Founded by Dorabji Tata in 1919, the company has been the market leader for over five decades.
Currently, it has offices in 28 countries. In India, the number of offices is 2214. New India Assurance Group Mediclaim Policy offers coverage to the insured of illness, accident, or injuries for the insurance tenure.
Tell us about your company
Thank you!
You’ll get the ebook in your email.
Key Statistics of New India Assurance Insurance Company*
GHI Premiums
GHI lives insured
Health lives insured
Health claims Processed
Health claims settlement ratio***
Health claims Settled within 3 months
Awards and recognitions
General insurance company of the year, India insurance summit award
India insurance summit award 2018: Title insurance policy product innovator of the year
Ward for outlook money gold
The best general insurer of the year business today financial award
Customer service Skoch award merit ordinance
Order of merit Skoch award company of the year
What is group health insurance?
Group insurancehelps to avail health insurance at an affordable price. As a single policy provides cover for the group, the overall premium cost gets reduced, given the spread of risk. Living in current times, we all know that health insurance forms a crucial part of everyone’s investment portfolio.
One that covers a group of individuals under one policy. The policy is called the Master Policy, and it contains the name of all insured members. Group health plans can be bought by registered groups to cover their members.
Employers provide group medical insurance to the employees, keeping the employees somewhat protected from unforeseen expenses due to any such medical/health expenses. New India Assurance group health insurance is one of the prominent policies under the health insurance category, given its wide tenet of customer base and industry credibility.
Highlights of New India Assurance Group Health Insurance
Market share of 18.48%
2500+ network hospitals
91.43% of claims settled
Standard benefits offered by New India Assurance group health insurance
Highlights of the Policy
Hospitalisation expenses
This policy provides cover for all the necessary medical treatment and procedures required during the hospitalization of the insured.
Day care expense
Expenses incurred during any daycare or surgical procedure is covered under the policy
Pre-existing conditions after 48 months
If the insured has a pre-existing condition, after 4 years of continuous use, coverage for it can be obtained.
Additional expenses
Room and Boarding Charges
ICU Expenses
Doctor and Consultant Charges
Diagnostic and Consumables
Pre and post hospitalization
Cataract Treatment
Ayush Treatment
Ambulance Charges
Organ Donor Hospitalization
Please note that Plum has collated and presented this data for informational purposes only and at a particular point in time. Plum does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer. The final terms, conditions, and premiums may vary depending upon factors including group size, age, location, and applicable taxes.
Here’s how New India Assurance group health insurance is better with Plum
Single dashboard
Access all of your data from a single dashboard, using any device you like for changes, additions, and deletions, or just to check out the features.
Simple tracking
Have a detailed look at how the policy works for your team with a single click.
Additional perks
From time to time, Plum offers various wellness programs to your staff, which adds to the various perks provided to the employees.
WhatsApp support
Using WhatsApp, you can check the status of your claim, register a claim, or download a copy of your digital health card.
For all organisations
With Plum, get a policy tailored to your company's size, with the ability to scale as needed.
Manage on the go
With the Plum dashboard, you can add and remove employees and their benefits without the need of an excel spreadsheet!
Documents required for claims process
The documentation depends on the type of claims process you have chosen - cashless or reimbursement.
Claim Form
Hospital bills
Discharge summary (original)
Reports and consumables bills (original)
Follow-up procedure sheet
Details of treatment and practitioners involved on hospital letterhead
Claims application form
Valid photo ID
Medical certificates
Diagnostic findings and reports (doctor attested)
Original discharge sheet
Summary report
Frequently Asked Questions
Can I add or remove members after the initial setup?
Super top-up is additional coverage of 20 lakhs added to your existing policy. You can avail the additional cover for yourself, and/or for your entire family (self+spouse+2 kids), and/or your parents.
This policy, however, comes with waiting periods on certain critical illnesses and applicable deductibles.
How are premiums calculated for additions?
Yes, you can add new employees, add new dependents (at the time of marriage or childbirth), and remove employees who exit the company. Additions and deletions can be done using the Plum dashboard.
Do I get refunded for deletions?
Deductible refers to the amount paid by the policyholder (via out-of-pocket or other medical insurance policy) before the super top-up kicks in. Read all about how a deductible works here.
How do I pay for additions and deletions?
No, the policy doesn’t cover same-sex or unmarried couples.
Can an employee convert the group plan to an individual plan if they leave the company?
No, the policy doesn’t cover same-sex or unmarried couples.