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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
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Home > Health Insurance > Health Insurance Companies > The New India Assurance

The New India Assurance

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This is the First Indian non-life company to cross Rs. 5000 crores Gross Premium. Global Re-insurance facilities. Largest number of Offices - In India and Abroad Trained and technically qualified staff 1068 fully computerised offices across India. New India has its Over-seas presence in countries like Japan, U.K, Middle East, Fiji and Australia.

Health Insurance Plans

  1. Mediclaim 2007 Policy - This insurance is available to persons between the ages of 18 years to 60 years.
  2. Family Floater Mediclaim Policy - Family Floater Mediclaim Policy for covering the family members with one sum insured.
  3. Janata Mediclaim Policy - The persons beyond 60 years can continue their insurance provided they are insured under Mediclaim policy with our Company.
  4. Senior Citizens Mediclaim Policy - Any senior citizen resident in India and aged between 60 and 80. If renewed without a break, the cover can be continued up to age 90.
  5. Personal Accident Insurance - The insurance provides compensation in the event of death or disability directly due to accident.
  6. Overseas Mediclaim Policy - Premium payable in Rupees and Claims settled abroad in foreign Currency.
  7. Rasta Apatti Kavach (Road Safety Insurance) - This insurance policy has been designed to cater to the specific need of an individual who meets with an accident with a motor vehicle on road and sustains injuries which requires hospitalization for treatment. 
  8. Suhana Safar Policy - Suhana Safar Policy has been basically designed keeping an eye on the domestic travel market.

Latest Updates - 17 May 2013

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn't warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
Insurance is the subject matter of solicitation.
Disclaimer: Information is sourced from respective Insurance Company's websites. Bimadeals.com does not sell any insurance products /policy on its own - we simply help registered users on our site connect to providers of such products and services so that their requirements can be processed quickly. Read More
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