New India Assurance Health Insurance is a government of India business with a global presence in over 28 countries. With almost 100 years of existence and headquarters in Mumbai, the firm is a pioneer in the non-life insurance market. The firm is a direct insurer in the country, with a large presence in India and the worldwide insurance market. The corporation had 2935 offices and 16795 employees as of December 2019.
Benefits of New India Insurance Health Plans
- Extensive limit on Amount Insured – These plans provide a choice of sum insured ranging from 1 lakh to 1 crore rupees, which may be chosen according on the policyholder’s individual and family needs.
- Sum Insured Restoration – These policies provide the benefit of sum insured restoration. Thus, under these plans, the insurance provider replenishes the sum covered when it is depleted owing to earlier claims made throughout the policy’s duration.
- Lifetime Renewability – These plans include a lifetime renewability option, which means you may renew them by paying a renewal price.
- Cumulative Bonus – New India Assurance’s health insurance provide a No Claim Bonus for each claim-free year.
- Portability – These plans also have a portability provision, which allows the insured to move policies if he or she is unhappy with his or her active policy at the time of renewal.
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