The New India Assurance Company Limited
New India Mediclaim Policy
PSU general insurer
UIN NIAHLIP25040V082425We don't sell this — we'll still recommend if it fits
The dealbreaker fields
Max cover
₹15 lakh
Claim settlement (CSR)
98.5%
PED waiting
36 months
Specific disease wait
24 months
Mandatory co-pay
0%
Room rent prop. ded.
Yes
Pre / post hosp.
30 / 60 days
Network hospitals
11,000+
Free look
30 days
What this plan does well
- PSU general insurer — high ICR (~110%, generous payouts)
- AYUSH 100% SI (Ayurveda/Yoga/Naturopathy/Unani/Siddha/Homeopathy)
- 226 day-care procedures (industry-high)
- 12 Modern Treatments listed
- Specific coverages: Artificial life, Puberty/Menopause, AMRD, Genetic disorders, Mental Illness
- Newborn Day 1 to policy expiry (within mother SI)
- Strong public-sector trust factor
Watch out for
- PROPORTIONATE DEDUCTION on room rent breach (waived only via Optional Cover I)
- Pre/Post 30/60 — SHORTER than industry standard 60/90+
- Cataract ₹50K cap (waived only via Optional Cover III with SI ≥ ₹8L)
- Hospital cash REDUCES SI
- Ambulance 1% SI cap REDUCES SI
- CB only 25%/yr max 50% (vs 50%/100% industry standard premium plans)
- CB decays AT SAME RATE accrued on claim — unforgiving
- Maternity only via Optional Cover (not in base, SI ≥ ₹5L)
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.