New India Assurance
India's premier public sector insurance company with widespread presence and reliable service.
Features
Key Features
IRDAI Annual Report 2024-25
Key Statistics
Health + PA + Travel Premium
₹19,756 Cr
FY 2024-25
Claims Ratio
100.98%
FY 2024-25
Solvency Ratio
1.91
March 2025
Policy Documents
Customer Service
Balanced View
Pros & Cons
Advantages
- ✓Government-backed insurer - highest trust and stability
- ✓Widest hospital network including all government hospitals (AIIMS, Safdarjung, etc.)
- ✓Lowest premiums among comparable insurers
- ✓Trusted legacy since 1919 - over 100 years of experience
- ✓Strong presence in Tier-3 and rural areas
- ✓Pre-existing conditions covered under group plans
Limitations
- !Slower claim processing due to manual, paper-heavy workflows
- !Limited digital infrastructure - no robust mobile app or online claims
- !Less flexible corporate plan customisation vs. private insurers
- !Claims ratio above 100% - indicates operational losses; financially dependent on government support
Right Fit
Who Should Choose New India Assurance?
Companies Needing the Lowest Premium
If budget is the primary constraint and the workforce is healthy and young with low expected claims, New India Assurance offers the most affordable group mediclaim in the market.
Organisations with Government Hospital Access Needs
New India Assurance is empanelled with virtually every government hospital in India. For companies whose employees prefer AIIMS, Safdarjung, or RML Hospital, this is a critical advantage.
Businesses in Small Towns and Rural Areas
With the widest geographic footprint of any insurer in India, New India Assurance provides cashless access in locations where private insurer networks simply do not reach.
At a Glance
Policy Highlights
| Feature | Detail |
|---|---|
| Sum Insured | ₹1L – ₹15L per employee |
| Room Rent | Varies by plan (some capping applies) |
| Pre-existing Conditions | Covered from day 1 (group policy) |
| Maternity Benefit | Yes |
| Cashless Network | 10,000+ hospitals pan-India incl. govt |
| Claims Ratio (FY 24-25) | 100.98% |
| Solvency Ratio | 1.91 |
Get New India Assurance for Your Team
Rely on India's premier public sector insurer for dependable, comprehensive group health coverage.