The New India Assurance Company Limited
Registered Indian general insurer listed in IRDAI's public registered-entity records. Many general insurers offer motor and other non-life products; this platform does not show pricing.
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Founded by Sir Dorabji Tata in 1919. Nationalized in 1973 under the General Insurance Business (Nationalisation) Act, which merged 107 private insurers into four public-sector companies. The Government of India directly holds roughly 86% of the company today.
India's largest general insurer by gross premium, with a market share of around 12.7%. (as of recent company filings)
CSR = % of claims actually paid out of total claims filed. Higher is better for policyholders.
Source: IRDAI Annual Report ↗| Year | CSR % | Solvency | ICR | Complaints |
|---|---|---|---|---|
| FY 2019-20 | 100.83% | 211% | — | — |
| FY 2020-21 | 92.79% | 213% | 84.19% | — |
| FY 2021-22 | 124.54% | 166% | 101.23% | — |
| FY 2022-23 | 103.33% | 187% | 95.59% | — |
| FY 2023-24 | 105.87% | 181% | 97.36% | — |
CSR over the years (IRDAI data)
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The New India — Plans
11 plans · Key details from official policy documents.
| Plan Name | Type | Sum Insured | Min Age | Max Age | Renewal | Room Rent | Co-pay | PED Waiting | Initial WP | Maternity WP | Restoration | OPD | Key Features |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
New India Premier Mediclaim Policy▼Compare this plan → | Health Insurance | Plan A: ₹15L, ₹25L. Plan B: ₹50L, ₹1Cr | — | — | — | — | No co-pay | 36 months | 30 days (waived if continuous coverage >12 months) | 36 months | ✓ | ✗ | ✓✓✓✓✓+1 |
Yuva Bharat Health Policy▼Compare this plan → | Health Insurance | ₹5L, ₹10L, ₹15L, ₹25L, ₹50L, ₹75L, ₹1Cr (₹75L & ₹1Cr available only for policies starting on/after 1 April 2025) | — | — | — | — | No co-pay | 24 months | 30 days | 36 months (Platinum only) | — | ✗ | ✓✓ |
New India Mediclaim Policy▼Compare this plan → | Health Insurance | BASIC: ₹1L, ₹2L, ₹3L, ₹5L, ₹8L, ₹10L, ₹12L, ₹15L (plus ₹4L/₹6L/₹7L, renewal-only). UPLIFT: ₹25L, ₹50L, ₹1Cr, ₹2Cr, ₹3Cr, ₹5Cr | — | — | — | — | No co-pay | 36 months | 30 days | Not covered | ✓ | ✗ | ✓✓✓ |
New India Floater Mediclaim Policy▼Compare this plan → | Family Floater | BASIC Plan: ₹1L, ₹2L, ₹3L, ₹5L, ₹8L, ₹10L, ₹12L, ₹15L. UPLIFT Plan: ₹25L, ₹50L, ₹1Cr, ₹2Cr, ₹3Cr, ₹5Cr | — | — | — | — | No co-pay | 36 months | 30 days | Not covered | ✓ | ✗ | 🩺✓✓✓✓ |
Senior Citizen Mediclaim Policy▼Compare this plan → | Senior Citizen | ₹1,00,000, ₹1,50,000 | — | — | — | — | No co-pay | 36 months | 30 days | Not covered | ✓ | ✗ | ✓✓✓✓ |
Janata Mediclaim Policy▼Compare this plan → | Health Insurance | ₹50,000, ₹75,000 | 18 years | 60 years | — | — | No co-pay | 36 months | 30 days | Not covered | ✓ | ✓ | 🩺✓✓ |
Universal Health Insurance Scheme (APL)▼Compare this plan → | Health Insurance | ₹30,000 per person/family | — | — | — | — | No co-pay | 36 months | 30 days | Not covered | ✓ | ✗ | ✓✓✓✓ |
New India Sixty Plus Mediclaim Policy▼Compare this plan → | Senior Citizen | ₹2L, ₹3L, ₹5L | — | — | — | — | No co-pay | 36 months | 30 days | Not covered | ✓ | ✗ | 🩺✓✓✓ |
Jan Arogya Bima Policy▼Compare this plan → | Health Insurance | ₹5,000 | 5 years | 70 years | — | — | No co-pay | 36 months | 30 days (waived if continuously covered for more than 12 months) | Not covered | ✓ | ✗ | 🩺✓✓✓✓+1 |
Atmanirbhar Health Policy▼Compare this plan → | Health Insurance | ₹4 Lakh, ₹5 Lakh | 18 years | 65 years | — | — | No co-pay | 36 months | 30 days (all claims except accident) | Not covered | ✓ | ✗ | ✓✓✓✓✓+1 |
Vatsalya Health Policy▼Compare this plan → | Health Insurance | — | — | — | — | — | No co-pay | Not covered | 30 days | Not applicable (see coverage_options) | ✓ | ✗ | ✓ |
What policyholders are saying
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How to reach or escalate
Customer Support
New India Assurance Bldg, 87, M.G. Road, Fort, Mumbai – 400001
Senior Citizens & IRDAI
IRDAI Bima Bharosa Portal
For unresolved complaints — approach IRDAI directly. Free & confidential.
bimabharosa.irdai.gov.in ↗