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Health Insurance ReviewREXI Analysis 2026
New India Assurance Mediclaim
Government-backed health insurance with rock-solid trust and rural reach.
3.7/5(220 reviews)
Claim Ratio: 89.00% (FY 2023-24)
Overview
New India Assurance is the largest general insurer in India by premium. Their Mediclaim policy is widely used across India, especially in Tier 2/3 cities and among government employees due to its legacy trust and unmatched presence everywhere.
Room Rent Limit
1% of sum insured per day
⚠ Proportionate deduction applies if exceeded
Best For
Government employees, senior citizens preferring PSU trust, and people in Tier 2/3 cities where private insurers have limited presence.
What We Like
- Government-owned — highest trust and financial stability
- Claims honoured even in disputed situations due to PSU backing
- Available at post offices and government banks nationwide
- Wide presence including remote and rural areas
Watch Out For
- Claim process is paperwork-heavy and slower than private players
- Digital infrastructure is outdated
- Room rent limit applies — proportionate deduction risk
- No wellness or OPD add-ons available
Products Offered
Mediclaim PolicyJan Arogya BimaFloater Mediclaim
Disclaimer: This review is based on publicly available information, IRDAI data, and REXI's policy analysis. Ratings are our editorial opinion. This is not financial advice — always read the full policy document before purchasing. Claim settlement ratios are sourced from IRDAI Annual Reports.