New India Mediclaim Policy 1.0

New India Mediclaim Policy 1.0 is a health insurance plan from New India Assurance Co. Ltd., available to residents of India. Sum insured ranges from ₹2L to ₹15L, eligible ages 18 to 65, and the policy is lifetime (up to 80). Below is our take on how it compares to other health plans in our database — what it does well, where it lags, and the kind of policyholder it actually fits.

Annual premium starts at ₹4.5K, against a category median of ₹10K across the 19 comparable health plans we track in this country. That places New India Mediclaim Policy 1.0 in the bottom quintile on price, and the bottom quintile on coverage ceiling (maximum sum insured ₹15L versus a peer median of ₹1Cr). On the value spectrum it reads as priced cheaply for the category, which usually signals either a budget plan or one with tighter sub-limits.

Coverage breadth is in line with what most health plans offer: 5 core inclusions, 3 highlighted features, and 2 optional riders. Notable features called out by New India Assurance Co. Ltd. include PSU insurer – high trust, Affordable premiums, and Wide hospital network. On the rider side, New India Mediclaim Policy 1.0 can be extended with Critical Illness and Hospital Cash — each adding to the base premium but also widening what the policy will pay out for. The cashless network of 8,000 hospitals is broadly in line with peer plans.

On waiting periods, New India Mediclaim Policy 1.0 applies an initial waiting period of 30 days, a pre-existing disease wait of 36 months, and a specific-disease wait of 24 months. The pre-existing wait is in line with the category median of around 36 months.

Where New India Mediclaim Policy 1.0 explicitly will not pay: PED during waiting period, Maternity (unless rider), and Cosmetic surgery. These are not unusual exclusions for a health plan, but they are the boundary of the contract — anything outside that list is in scope, anything inside is not. Read the full exclusions list before signing; every plan we have ever audited has at least one exclusion the buyer did not realise was there.

Best fit for: buyers prioritising lowest annual outlay; residents of metro and tier-2 cities where the cashless network density matters. Skip if: you need coverage above the plan's maximum sum insured; you have a pre-existing condition you need covered within 2 years. As with any insurance decision, get a quote from New India Assurance Co. Ltd. directly to confirm the rate that actually applies to your profile — listed prices are illustrative.