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.
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Key Statistics of New India Assurance Group Health Insurance
GHI Premiums
₹7,697 crores
FY 2021
GHI lives insured
1.58 cr
FY 2020
Health lives insured
8.98 cr
FY 2020
Health claims Processed
58,64,346
FY 2020
Health claims Settlement Ratio
92.68%
FY 2020
Claims Settled within 3 months
89.64%
FY 2020
*Source - IRDAI and IBAI annual reports  **GMC - Group Medical Cover
***Claims Settlement Ratio (CSR) is the percentage of claims settled by the insurance company against the no. of claims obtained in a financial year. A high claim settlement ratio indicates the good financial health of the insurance group.
GHI Premiums
₹1,009 crores
FY 2021
GHI lives insured
53 lakhs
FY 2020
Health lives insured
1.72 crores
FY 2020
Claims Processed
1,67,673
FY 2020
Claims Settlement Ratio
86.52%
FY 2020
Claims Settled within 3 months
86.42%
FY 2020
Awards and Recognitions
General insurance company of the year, India insurance summit award
Fintelekt 2018
India insurance summit award 2018: Title insurance policy product innovator of the year
Fintelekt 2018
Ward for outlook money gold
Money for the future 2018
The best general insurer of the year business today financial award
Today's business 2018
Customer service Skoch award merit ordinance
Skoch 2018
Order of merit Skoch award company of the year
Skoch 2018
Excellence in Financial Reporting
ICAI Awards 2015-16
Top Projects in India
SKOCH Order-of-Merit
Best Customer Experience Award of the Year
Financial Sector
iAAA rating
ICRA
iAAA rating
ICRA
Best Insurance Company in Private Sector
General 2014
Gold Shield
ICAI Awards 2012-13
HR Excellence
Technology award 2012

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

Here’s a look at the group health insurance plan offered by New India Assurance Group Health Insurance Company.
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.
Reimbursements
There are different categories of reimbursement that can be claimed for different items as per the definitions in the policy documents.
Additional Benefits
Room and Boarding Charges
ICU Expenses
Doctor and Consultant Charges
Diagnostic and Consumables
Pre Hospitalization
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.

How Does Plum Work?

Open
app.plumhq.com
to access your insurance
Select
Open WhatsApp
and continue to chat
Click on use
my insurance button
on the dashboard
Open
app.plumhq.com
to access your insurance
Click on use
my insurance button
on the dashboard
Select
Open WhatsApp
and continue to chat

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 Bill (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
Claim Form
Hospital Bills
Discharge Summary (Original)
Reports and Consumables Bill (Original)
Follow-up Procedure sheet
Details of treatment and practitioners involved on hospital letterhead.
Claim Form
Valid photo ID
Medical certificates
Diagnostic findings and Reports (Doctor attested)Id proof - PAN & Aadhaar is mandatory
Original discharge sheet
Summary report

Here’s how New India Assurance Group Health Insurance is better with Plum

Plum strives to provide the corporate best deal possible, suiting their group size and requirement. When you move ahead with Plum, you get a seamless experience of managing your insurance requirement and modification during the regular course of your business. The digitized access and non-restrictive use of any devices enable the employer to enjoy the hassle-free process.
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.
Chat-based
Using WhatsApp, you can check the status of your claim, register a claim, or download a copy of your digital health card.
For any group size
Yes, it does not matter with Plum; utilize it to get a policy tailored to your company's size, with the ability to scale as needed.
Add or Remove
With the Plum dashboard, you can add and remove employees and their benefits without the need of an excel spreadsheet!
Get Started

Here’s why you will love Plum

With Plum, get complete access to your insurance plan on WhatsApp
Check your healthcare benefits
Intimate your claim
Read what’s covered and not covered
Select other health benefits
Download your Digital health ID Card
See daycare treatment list

Frequently asked 
questions

Does New India Assurance Health Insurance cover maternity expenses?

Maternity cover can be availed when the expecting mother has had the new India assurance policy of 36 continuous months. Consult an insurance company representative to get a detailed understanding of maternity benefits in the group policy.

Is New India Assurance a government company?

Yes, New India Assurance is a 100% government-owned Insurance company. It is a multinational insurance company with a strong establishment in India and foreign countries.

What if the insurer rejects my cashless claim?

If New India Assurance rejects your cashless claim due to some technical issue with your documentation, you can file a duly filled reimbursement claim with proper documentation.

Will Plum assist in filing a claim with New India Assurance?

Yes, all the claim process for corporate group mediclaim policies can be done via official Plum channels.