New India Assurance Claim Settlement Ratio
- Check and Compare CSR
- CSR of New India Assurance
- Explore the Claim filing process
Buying a Health Insurance policy and not being able to settle your claims can be quite frustrating at times. Thus, to avoid such situations, it is important for you to always check the claim settlement ratio of your chosen company.
The Claim Settlement Ratio plays an important part while choosing a health insurance company for coverage. The Claim Settlement Ratio or CSR helps the potential policyholder to evaluate the company’s ability to settle claims. Insurance Regulatory and Development Authority of India (IRDAI) publishes the CSR of all the insurance companies in their annual reports through which one can easily check and compare the CSR of the preferred and all the other insurance companies.
As per IRDAI, the New India Assurance Health Insurance Claim Ratio is 92.93%. Take a look at the below table to get the age analysis of the number of claims paid:
| Status of New India Assurance Health Insurance Claim Settlement ratio- 2021-22 | ||||||
| Age Analysis of Number of Claims Paid (%) | < 3 months | 3 months to 6 months | 6 months to <1 year | 1 year to <3 year | 3 years to <5 years | 5 years |
| Claims Settled | 92.93 | 4.3 | 1.56 | 0.75 | 0.21 | 0.25 |
1. Intimate the Company
2. Submission of Documents
After discharge from the hospital, the following documents need to be submitted within 7 days:
In the case of post-hospitalisation, documents need to be submitted within 7 days of the treatment date. After all the verification is done, the company will settle the claim.
Know More About Health Insurance Companies
New India Health Insurance Network Hospitals are present in 12 states nationwide. With a wide network of hospitals, New India Health Insurance ensures that you are medically secured, irrespective of the city you reside in.
With the New India Assurance Company, you can easily manage your profile, make claims online, and track the status of your claims instantly. Below are some steps that you can follow to check the ‘Claim Status’ of your plan:
1. Check your claim status by registering/logging in to the Customer Portal
For new users
For existing users
2. Check Your Claim Status via Call and Mail
3. Check your Claim Status via the "Live Chat" option
New India Assurance Company offers a ‘24*7 Live Chat’ option to its customers. Just fill up the necessary details and inquire about your claim status.
4. Check your claim status by visiting the branch
If none of the above works for you, you can visit your nearest New India branch office to check your claim status. Visit https://www.newindia.co.in/portal/locateUs and find the nearest branch around you
See More Health Insurance Articles
See More Health Insurance Articles
Read what our customers have to say about New India Health Insurance Company
December 9, 2022
Omg when i was buying the policies I was o skeptical. I contacted policyx and they solved my confusions and even helped in my documentations.. They are the best .
September 8, 2021
I would definitely recommend New India Health insurance to everyone. Great customer support team, very helpful.
September 8, 2021
One of the best health insurance company. Impressed with the service and the support. Keep up the good work guys.
September 8, 2021
The company is offering very good plans at affordable prices, and the claim settlement process is very hassle free and quick.
September 8, 2021
I really like the customer support department of the company very much, the staff is very polite and very helpful
September 1, 2021
Best plans with good service, committed towards their customer, great customer support team. thanks New India
September 1, 2021
Plans bahut ache hai is company ke.. bahut achi service hai aur apke customers ke claims bhi jaldi settle karti hai.
August 31, 2021
Bought health policy from New India Health for the first time and I am very impressed by their services and I personally suggest to take the policy from New Health Assurance
Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.
You May Also Know About
