The government-backed insurer with unmatched claim reliability and the lowest premium among comparable plans.
No private insurer comes close. Being a government PSU, New India Assurance settles nearly every claim it receives — 98.9% as of 2025-26.
Backed by the Ministry of Finance, Government of India. Over 100 years of operation means financial stability and zero insolvency risk.
The most affordable plan among all shortlisted options for a family of four with ₹10L cover. Excellent value for budget-conscious buyers.
Claims are processed directly by New India Assurance without a Third Party Administrator in most cases, reducing rejection risk and processing delays.
Ayurveda, Yoga, Unani, Siddha, and Homeopathy treatments at government-recognised hospitals are included in the coverage.
A single sum insured floats across all insured members. Any member can use the full sum insured, providing flexibility in coverage allocation.
No-claim bonus of up to 50% accumulates over claim-free years, incrementally increasing your effective coverage without additional cost.
All listed day-care treatments including cataract surgery, dialysis, and chemotherapy are covered without requiring 24-hour admission.
Complete breakdown of what New India Floater Mediclaim covers.
| Coverage Feature | Details |
|---|---|
| In-patient Hospitalisation | Covered fully |
| Pre-hospitalisation Expenses | 30 days |
| Post-hospitalisation Expenses | 60 days |
| Room Rent | Single AC room (proportional deduction if exceeded) |
| ICU Charges | Covered |
| Day-Care Procedures | All listed day-care procedures covered |
| AYUSH Treatment | Covered at AYUSH hospitals |
| Ambulance Cover | Covered (road ambulance) |
| Domiciliary Hospitalisation | Covered |
| Cumulative Bonus (NCB) | Up to 50% (lower than private plans) |
| Maximum Sum Insured | ₹15 Lakh (lower than private plans) |
| Pre-existing Disease Wait | 4 years (longer than private plans at 3 years) |
| Initial Waiting Period | 30 days (except accidents) |
| Specific Disease Wait | 2 years |
| Claim Processing | Direct by New India (no TPA in most cases) |
| Critical Illness Cover | Not included |
| International Cover | Not included |
| Air Ambulance | Not covered |
| Maternity Benefit | Not included in standard plan |
| Network Hospitals | 8,000+ |
| OPD Expenses | Not covered |
The unmatched claim ratio and government backing make this plan ideal for specific buyer profiles.
At ₹850/month, this is the most affordable plan in its category. Families that need reliable coverage without stretching their budget will find excellent value here.
If your primary concern is whether your claim will actually be paid, no plan beats 98.9%. Government backing removes any solvency concern entirely.
Older individuals on fixed incomes benefit from the low premium and near-certain claim settlement. The direct claim process reduces friction at the most stressful times.
Buying this as a ₹5L base plan and adding a super top-up for higher coverage is a cost-effective strategy to get both affordability and adequate total cover.
An honest assessment before you decide.
Common questions about New India Floater Mediclaim, answered plainly.
We help you decide if the unmatched 98.9% claim ratio and lowest premium make this the right base plan for your family — or if a top-up combination works better.
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