Star Health Insurance vs New India Assurance Health Insurance

Searching for the right health insurance policy can be a time-consuming process if you do not where to start. Or if you do know where to begin, sifting through the various policies on different websites can give you a headache. Instead, refer to a brief comparative guide on the same website to get a quick understanding of the benefits offered by different insurance providers and their health insurance policies. Here is one of Star Health Insurance and New India Assurance Health Insurance to get you started. 

Star Health Insurance vs New India Assurance Health Insurance – Overview 

Parameter Star Health Insurance New India Assurance Health Insurance
No. of health insurance policies 10+ 10+
E-services Policy salePolicy renewalClaim settlementBranch locator Online consultation24x7 customer help Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 customer help
Branches 600+ 1000+
Claim settlement ratio 90% 95.92%
Cashless claim settlement time  2 hours  Not specified 
Hospital network 9,000+ 1,500+

*Source: The Insurance Regulatory and Development Authority of India’s (IRDAI) Annual Report – for the years 2019-20.

Health Insurance Policies: Star Health Insurance vs New India Assurance Health Insurance

Star Health Insurance is a reputed health insurance company providing services from 2006. The company offers a range of health insurance policies. For its consistent performance in the insurance sector, it has received several notable awards including the ‘Health Insurance Provider of the Year’ at the Outlook Money Awards, 2017 and the ‘Best BFSI Brand’ award by the Economic Times.  

New India Assurance Health Insurance is one of the rare insurance companies to have a consistently high claim settlement ratio above 90%. In 2017, it even topped the Times of India’s list of insurance companies having high claim paying abilities, showcasing its commitment to its customers. It offers a diverse range of health insurance policies. 

Affordable Rural Health Policy: 

Star Health Insurance and New India Assurance Health Insurance offer affordable health insurance policies for those from rural areas or poorer sectors of society. 

Star Health Insurance offers the ‘Star Micro Rural and Farmers Care’ Policy that gives: 

  • Sum insured (SI) amounts up to Rs. 2,00,000
  • Various premium payment options – Monthly, quarterly, half-yearly, and yearly 
  • Coverage for: 
  • In-patient hospitalization 
  • Daycare procedures 
  • Cataract treatment (up to Rs. 15,000) 
  • Modern treatments 
  • A complete waiver of the pre-policy medical screening required to avail of the policy 
  • Immediate hospitalization needed due to an accident of the insured 

New India Assurance Health Insurance offers the ‘Jan Arogya Bima Policy’ that gives: 

  • SI amounts up to Rs. 5,00,000
  • Coverage for: 
  • In-patient hospitalization 
  • Treatment of mental illness and stress
  • Treatment of psychological disorders 
  • Treatment of neurodegenerative disorders 
  • Artificial life maintenance equipment 
  • Modern treatments 
  • Treatment of congenital diseases 

Cancer Guard Policy: 

Star Health Insurance offers a Cancer Care Policy. It is a pilot product that gives

  • SI amounts up to Rs. 5,00,000
  • Options to choose between lump-sum or reimbursement payout of the SI 
  • Coverage for all stages of cancer and: 
  • Pre and post-hospitalization 
  • In-patient hospitalization 
  • Domiciliary/ home hospitalization
  • Nursing expenses 
  • Daycare procedures/ surgeries 
  • Modern treatments 
  • Ambulance costs up to Rs. 1,500 per hospitalization 

New India Assurance Health Insurance offers a Cancer Guard Policy that gives: 

  • SI amounts up to Rs.50,00,000
  • Coverage for: 
  • Advanced treatments 
  • 58 daycare procedures/ surgeries
  • Reconstruction surgery post-cancer
  • Post-treatment follow-ups
  • A second medical opinion 
  • Ambulance costs up to Rs. 3,000 per hospitalization 

Corona Kavach Policy: 

By March 2020, the IRDAI made it mandatory for insurance companies to provide health insurance for COVID-19, either on a standalone basis or in existing health insurance policies. After that, insurers including Star Health Insurance and New India Assurance Health Insurance started to offer the Corona Kavach and the Corona Rakshak policies – two standard and affordable COVID-19 insurance policies. 

The features of the Corona Kavach Policy are similar across insurers and include. 

  • SI amounts up to Rs. 5,00,000
  • Coverage for: 
  • Pre and post-hospitalization 
  • In-patient hospitalization
  • Domiciliary/ home hospitalization
  • Daycare procedures 
  • AYUSH treatments
  • Ambulance charges up to Rs. 2,000 per hospitalization
  • Daily hospital cash benefits

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