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Most Popular Policies of New India Assurance

  • New India Assurance Senior Citizen Mediclaim Policy
    New India Assurance Senior Citizen Mediclaim Policy offers coverage to the insured against hospitalization expenses for treatment of injury and illness during policy period.
    Key features of New India Assurance Senior Citizen Mediclaim Policy
    • Maximum entry-age is 80
    • Maximum renewal age is 90 years
    • Organ donor transplant expenses are covered
    • Pre-existing hypertension, diabetes melitus are covered upon additional premium
    • Ayurvedic, homeopathic and Unani treatments are covered
    Buy now
  • New India Family Floater Mediclaim Policy
    New India Assurance Family Floater Mediclaim Policy covers all family members with single sum insured. The coverage is provided for expenses for the treatment of any illness or injury.
    Key features of New India Family Floater Mediclaim Policy
    • The policy comes with lifetime renewal option
    • Good health and loyalty discount are available
    • Coverage available on complications due to pre-existing conditions
    • Organ donor hospitalization expenses are covered
    • Cataract surgery is covered up to certain limits
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  • New India Assurance Janata Mediclaim policy
    New India Assurance Janata Mediclaim policy covers cost of hospitalization (more than 24 hours) expenses and treatment expenses due to injury and illness or injury.
    Key features of New India Assurance Janata Mediclaim policy
    • Good health and loyalty discount are available
    • Ayurvedic, homeopathic and Unani treatments are covered
    • Cumulative Bonus is availble
    • Free health check-up is also available
    • Day care treatments are covered up to certain limits.
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  • New India Package Motor Policy
    New India Package Motor Policy offers coverage to expenses due to injury of owner and driver and loss or damage of the insured's vehicle. The policy also covers third party death and liability.
    Key features of New India Package Motor Policy
    • Coverage for personal accident is available
    • Coverage available for expenses to fix damaged accessories
    • Coverage for passengers in the car is available.
    • Coverage is available for employees and paid drivers
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About New India Assurance Company

insurance_indiaThe New India Assurance Company Limited is a multinational general insurance company. The New India Assurance Company Limited is owned by Government of India. The company is popularly known as New India Insurance and the insurance company, based out of Mumbai, operates in 27 countries all over the world. The New India Assurance Company Limited is a leading general insurance company in India for the past over 40 years.

History of The New India Assurance Company Limited

The New India Assurance Company Limited was established on 23rd July of 1919. The insurance company was founded by Sir Dorab Tata. New India Insurance was nationalized in 1973 after 54 years of coming into existence.

Domestic operation of The New India Assurance company Limited

New India Insurance Company is reputed for its extensive operation in Indian market. The general insurance company boasts a whopping 2097 offices out of which 1041 are micro offices. At present, there are over 50,000 agents and 19,000 employees work with The New India Assurance Co Ltd to provide the best service to thousands of customers all over the world. The New India Assurance Company Limited caters to its huge global customer base by offering more than 170 insurance products. New India insurance, being a top-notch insurance company offer diversified insurance products to meet the needs of general insurance requirements of individuals and companies. The New India Assurance Company Limited executes its retail sector operation through commercial and personal business channels and the insurance company provides an array of insurance products such as New India Assurance mediclaim policies to cater to the micro, rural and social sector. Since Indian Government owns New India Insurance Company wholly, the insurance company also participates in mass insurance programmes that Indian Government has earlier started.

Operations of The New India Assurance Co Ltd in abroad

The New India Assurance Company Limited had started to venture outside India in 1920. Currently, the Insurance Company boasts presence in 27 foreign countries through direct branches, associates, agency offices, subsidiary companies. The New India Assurance Company Limited holds share in many insurance firms located in Jordan, Singapore, Saudi Arabia and Kenya. Furthermore, there is an active brunch of The New India Assurance Company Limited for past 95 years. The insurance Company has been doing business in Japan and Mauritius for past 50 years. New India insurance company also has two subsidiary companies. One of them is in Lagos, Nigeria which is called Prestige Assurance Plc and the other subsidiary is located in Trinidad & Tobago and known as TheNew India Assurance Co Ltd, Port of Spain. New India Insurance Company is also a stakeholder in a Saudi Arabia based insurance company called WAFA Insurance. Some of the other insurance companies where new India Assurance Company holds share include Kenindia Assurance Co Ltd located in Nairobi, India International Insurance Pte. Ltd situated in Singapore and Asian Reinsurance Corporation based out of Bangkok.

Present Position

In 2013-14, the total Gross Premium of The New India Assurance Company Limited was Rs. 11540 Cr and the figure rose to Rs.13209 Cr in India in 2014-15. Total asset of The New India Assurance Company Limited was Rs.61720 Cr. as on 31st March 2014. The office network of The New India Assurance Company Limited is massive as it consists of 1041 Micro Offices, 583 Branch offices, 412 Divisional establishments, 28 Regional Offices, along with 5 robust corporate houses and 27 Direct Agent Branches. The New India Insurance Company Limited is regarded as the leading general insurance company in the entire Afro-Asia area excluding Japan. New India Insurance also earned a gross premium of Rs. 16050 Cr. no other general insurance company in India has achieved the landmark of Rs. 16050 Cr. in gross premium.

New India Health Insurance Plans

New India Motor Insurance Plans

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Contact Details – New India Assurance Company:

78, Commerce Center Co-Operative Society Limited,
Tardeo Rd, Janata Nagar, Tardeo,
Mumbai, Maharashtra 400034
Phone: 022 2351 3550