Insurance Company
The New India Assurance Company LimitedInsurance
Policy Name
Mediclaim
Expert Overview -
The New India Assurance was established in 1919 and is one of India’s most experienced public sector insurers. Its century-long legacy has contributed to consistent credibility in health insurance and other non-life segments.
Plan Strategy -
Basic policy for individuals and families covering multiple family members under single sum insured with shared benefits for cost-effective family health protection and convenience
Network Hospitals
5,000+
>8,500 recommended
Claim Ratio
95%
>95% recommended
Complaints
5.011
<20 recommended
Policy Features
Policy Analysis Detail
Inbuilt Value
Strategic Verdict
Co-payment
If yes, you will have to pay part of bill
No co-payment
No Co-payment
Room Rent Limit
If higher-category room, you pay part of the bill
Room rent capped
No room rent capping
Disease sub-limit
Leads to some disease not getting covered fully
Sub limits on specified diseases
No sub-limit
No Claim Bonus
Bonus you receive every year on renewal
25% no claim bonus annually upto 50%
50% each year (Minimum upto 100%)
Restoration Benefit
Even after claim, base cover gets restored
100% restoration once in a policy year for unrelated disease
100% restoration once in a year
Pre-Hospitalization
Days covered before hospitalization
30 days
At least 60 days
Post-Hospitalization
Days covered after hospitalization
60 days
At least 120 days
Consumables
Coverage for non-medical consumable items
Non-medical consumables excluded
Consumables covered
Based on IRDAI Public Disclosures (2025-26)
Enhanced Coverage
Key Add Ons Available
ConsumablesCovers list of 68 non-medical items as per list I upto ₹15,000; available for sum insured 8 lakhs and above
Timing Constraints
Waiting Period Analysis
Initial Waiting Period
30 days
Specific Illness
2 years
Pre-Existing Disease
3 years
