New India Assurance Personal Accident Policy
  • Accident Cover
  • Worldwide Coverage
  • Permanent Disability Cover
New India Health Insurance
premium

Network hospitals

3000+

premium

Incurred claim ratio

103.33%

premium

Sum insured

Up to 1 CR

premium

No. of Plans

10

premium

Solvency Ratio

1.8

premium

Pan India Presence

1900+

Customized Health Insurance Plan for you.

Get upto 15% Online Discount*

Select Members You Want To Insure

Age of Eldest Member

premium

Network hospitals

3000+

premium

Incurred claim ratio

103.33%

premium

Sum insured

Up to 1 CR

premium

No. of Plans

10

premium

Solvency Ratio

1.8

premium

Pan India Presence

1900+

New India Assurance Personal Accident Policy

New India Assurance Personal Accident Policy is a simple health insurance plan that provides compensation in case the insured is deceased or disabled resulting from an accident. The policy operates 24/7 worldwide, offering various coverage options including death, permanent disability, and temporary total liabilities. It also offers a family package cover, group cover, war risk coverage, and optional add-on covers. In this article, we will explore key features and exclusions of the policy.

Eligibility Criteria for New India Personal Accident Policy

Eligibility Criteria Details
Age of Insured Min: 5 Years
Max: 70 Years
Type of Coverage Death
Permanent Total Disability
Permanent Partial Disability
Temporary Total Disablement
Coverage Extension Worldwide Coverage
Family Package Cover Includes proposer, spouse, and dependent children.
Discounts 10% Discount on Premium
Discount On premium based on group size
Group Policies Available for specific groups
Add-on Covers Medical Expenses Cover
Claim Eligibility Accident that results in death or any injury.
Sum Insured Calculation Based on income from gainful Employment (max 72 months)
Non-Working Spouse: 50% of earning spouses' sum insured (Max is INR 1,00,000)
Dependent Child: 25% of earning parents
Cumulative Bous 5% increase in sum insured for a claim-free year (max up to 50%)

Key Features and Benefits Of The New India Personal Accident Policy

The policy offers the following benefits:

  • Death Benefit

    The plan pays a lump sum amount to the beneficiary after the death of the policyholder. The death compensation is 100% of the Sum Insured.
  • Disability Cover

    The plan covers Total, Permanent, and Partial Disability. The compensation provided by the plan is as follows:
    • Permanent Total Disability- 100% of the SI
    • Permanent Partial Disability -50% of the SI
  • Coverage Types

    The policy offers several coverage options, including death permanent total disablement, permanent partial disablement, and temporary total disablement.
  • Worldwide Coverage

    The policy operates globally providing protection wherever you are.
  • Family Package

    Individuals include their spouses and dependent children in a single policy with a 10% premium discount.
  • Group Policies

    Discounted group policies are available for specific groups based on group size.
  • Add-On Cover

    • Optional add-on covers are offered, including coverage for medical expenses related to accident and war risk coverage.
    • Individual and group cover can extend their coverage subject to the limit of 10% of SI or 40% of the death or liability compensation claims that are payable.
  • Carriage of Dead Body

    The policy offers compensation for the expenses of transporting the insured body to their residence. The policy offers 2% of the SI or Rs 2500 whichever is less.
  • Education Fund

    If the insured is decreased or partially or temporarily disabled this policy will look after the education of the dependent school-going children.
  • War Risk

    Most of the insurance policies do not offer any coverage for injury that occurred during war or invasion, but the New India Assurance Plan offers coverage for war risk.

Exclusion of Personal Accident Policy

The policy doesn't cover the following conditions:

  • Death due to Illness or Disease

    The policy does not offer any death cover that results from any illness or disease. The policy only covers death due to accidents only.
  • Not More Than 1 Claim a Year

    The policyholder can only claim for one accident in a year.

How to Select the Sum Insured

Here are the scenarios for selecting the right sum insured for this plan:

  • The sum insured is determined based on the policyholder's income, the employment must be at least for 72 months. Other income sources are not considered.
  • For non-working spouses, the sum insured is limited to 50% of the earnings of the spouse, with a maximum of INR 1,00,000, For dependent children this percentage is 25%, which is a maximum of INR 50,000.
  • The cumulative bonus is 5% which is added to the capital sum for every claim-free year.

After keeping all these scenarios in mind the customer must select their coverage.

Conclusion

The Personal Accident Policy provides valuable coverage for individual and their families in the event of an accident resulting in death or injury. The plan offers many benefits such as education of the dependent children, and funeral expenses. Personal protection is also a group and family policy that offers rebates based on the members. It is important to read all terms and conditions before buying the policy.

Explore other New India Health Plans

New India Health offers a wide range of health insurance plans to fulfill the medical needs of individuals, families, and senior citizens.

New India Assurance Arogya Sanjeevani Policy

The plan covers you and your family against new age treatments, pre, and post-hospitalization, and hospital room rent charges.

Unique Features

  • Up to 10 Lakh SI
  • Genetic disorders Covered
  • Modern Treatments Covered

New India Jan Arogya Bima Policy

This policy is designed to provide cheap medical insurance to poorer sections of society with a sum insured per person of Rs. 5000.

Unique Features

  • Service Tax is not applicable
  • Avail cover for dependents
  • Psychological disorders covered

New India Janata Mediclaim Policy

This plan protects all family members with broad health insurance coverage. It covers self, spouse, and a maximum of 2 dependent children.

Unique Features

  • AYUSH treatment covered
  • ICU expenses covered
  • Ambulance charges covered

New India Flexi Floater Mediclaim Policy

The Policy covers reimbursement of Hospitalisation Expenses for Illness/ Injury sustained.

Unique Features

  • ICU expense covered
  • Room rent covered
  • Medical test expenses covered

New India Flexi Group Mediclaim Policy

The Policy covers reimbursement of Hospitalisation Expenses for Illness/ Injury sustained.

Unique Features

  • ICU expenses covered
  • Avail AYUSH treatment
  • Avail Cataract treatment

The policy comes with a SI of 2-15 lakhs with a single sum assured for all the members on a floater basis.

Unique Features

  • No claim bonus up to 50%
  • Avail New born baby cover
  • Criti-care benefit available

A family policy where the proposer can avail Sum Insured from Rs. 1,2, 3, 5, 8, 10, 12 and 15 Lakhs. Children can be covered under the policy from 3 months to 25 years.

Unique Features

  • Organ transplant covered
  • 139 day care procedures available
  • New born baby cover available

The plan comes in 2 different variants offering a sum assured up to 1 Cr. The policyholder can cover his/her entire family under one policy.

Unique Features

  • Critical illness covered
  • AYUSH treatment covered
  • AYUSH treatment covered

New India Standard Group Janata Mediclaim

The Policy covers reimbursement of Hospitalisation Expenses for Illness/ Injury sustained.

Unique Features

  • ICU expenses covered
  • AYUSH treatment covered
  • Cataract treatment covered

New India Standard Group Mediclaim Policy(2007)

Hospitalization expenses for any illness or injury. Ideal for those who want to cover their children and dependant parents.

Unique Features

  • ICU charged covered
  • Artificial life maintainance covered
  • AYUSH treatment covered

New India Universal Health Insurance Scheme

The Policy covers reimbursement of Hospitalisation Expenses for Illness/ Injury sustained.

Unique Features

  • Disability cover
  • Psychological treatment covered
  • Artificial life maintainance available

New India Young India Digi Health Policy

Plan coverage is available on an individual and family floater basis with a sum insured of up to 8L.

Unique Features

  • Modern Treatment Available
  • AYUSH treatment available
  • New born baby cover available

This plan offers the policyholder sum insured of up to 50L. New India Yuva Bharat Policy is available in base, gold, and platinum variants.

Unique Features

  • Air Ambulance available
  • Critical illness covered
  • Infertility treatment covered

New India Group Cancer Mediclaim

The plan is specifically designed for lower and middle-class families undergoing Cancer Treatment.

Unique Features

  • Up to 2 Lakh SI
  • Avail Cumulative Bonus
  • Cover dependent children

New India Corona Kavach Policy

This plan covers hospitalization expenses if the insured is diagnosed with COVID-19. It is available on an individual and floater basis with a maximum sum of INR 5 lakh.

Unique Features

  • Home care treatment covered
  • Avail special discounts
  • Ambulance charges covered

New India Group Mediclaim for workers

Hospitalization expenses for any illness or injury. Ideal for those who want to cover their children and dependent parents.

Unique Features

  • AYUSH Treatment available
  • Avail ICU expenses
  • Affordable premiums available

A special policy designed for parents with girl children only. Two dependent daughters can be covered with Rs. 8 Lakh sum insured.

Unique Features

  • Avail 50% discount
  • Hospital Cash available
  • Avail AYUSH treatment

This plan is designed to aid financially in treating cancer. The policy offers cover for conventional and advanced cancer treatments.

Unique Features

  • SI up to 50 Lakh
  • Avail cancer care benefit
  • 58 Day care procedures covered

A plan designed for individuals between 60-80 years of age and offers 5% discount for single women senior citizen's. Gives sum insured up to 5 Lakhs.

Unique Features

  • Avail discounts
  • Medical check up reimbursement
  • Avail Ambulance charges

The Policy covers reimbursement of Hospitalisation Expenses for Illness/ Injury sustained.

Unique Features

  • ICU expenses covered
  • AYUSH treatment available
  • Mental illness expenses covered

New India Tertiary Care Insurance

An individual plan that is specifically designed to cover the treatment of 9 major illnesses.

Unique Features

  • Domiciliary treatment available
  • Ambulance expense covered
  • Avail No claim bonus

New India Assurance Personal Accident Policy: FAQ

1. Can I purchase this plan for my entire family?

Yes, the policy offers 'Family Package' covers allowing the policyholder to include the family members. New India Assurance Policy is a family as well as a group plan that offers comprehensive coverage for the entire family.

2. Does the New India Personal Accident Policy provide cover during travel abroad?

Yes, This policy provides worldwide coverage.

3. What if I have pre-existing health conditions health conditions?

This policy focuses on accidents and does not cover pre-existing health conditions.

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New India Health Insurance Reviews

Read what our customers have to say about New India health insurance company.

Customer Review Image

Nishant

Lukhnow

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 .

Customer Review Image

Ram Kapoor

Jaipur

September 8, 2021

I would definitely recommend New India Health insurance to everyone. Great customer support team, very helpful.

Customer Review Image

Lovlina chaurasiya

Allahabad

September 8, 2021

One of the best health insurance company. Impressed with the service and the support. Keep up the good work guys.

Customer Review Image

Nikita Dua

Jaipur

September 8, 2021

The company is offering very good plans at affordable prices, and the claim settlement process is very hassle free and quick.

Customer Review Image

Bharti sharma

Lukhnow

September 8, 2021

I really like the customer support department of the company very much, the staff is very polite and very helpful

Customer Review Image

Manish Singhal

Rajkot

September 1, 2021

Best plans with good service, committed towards their customer, great customer support team. thanks New India

Customer Review Image

Akash Sharma

Ahmedabad

September 1, 2021

Plans bahut ache hai is company ke.. bahut achi service hai aur apke customers ke claims bhi jaldi settle karti hai.

Customer Review Image

Karishma Sehgal

Hyderabad

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

View All New India Health Insurance Reviews

Anchita Bhattacharya

Written By: Anchita Bhattacharya

Anchita has over 5 years of experience in the content sector, specializing in health insurance. She keeps herself up-to-date on trending insurance events on both national & global levels. Her content consists of popular insurance topics that provide trusted & value-added information to our avid readers.