Universal Sompo Health Insurance vs New India Assurance Health Insurance

Are you on the lookout for a health insurance policy but are confused about which health insurance provider to choose? Worry not! There are many ways to determine which insurer is right for you. Apart from checking the scope of the benefits provided in their insurance policies, check out their credentials. These can include their claim settlement ratios (mentioned in the table below) – the higher the ratio is, the better, their brand reputation, and customer testimonials. To help you get started, here is a comparison guide from top insurers Universal Sompo Health Insurance and New India Assurance Health Insurance. 

Universal Sompo Health Insurance vs New India Assurance Health Insurance – Overview 

Parameter Universal Sompo Health InsuranceNew India Assurance Health Insurance
No. of health insurance policies20+10+
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer supportPolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer help
Branches861000+
Claim settlement ratio (CSR)90%95.92%
Cashless claim settlement time 72 hoursUnspecified
Network Hospitals 4000+1,500+

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

Health Insurance Policies: Universal Sompo Health Insurance vs New India Assurance Health Insurance

Universal Sompo Health Insurance and New India Assurance Health Insurance offer several health insurance policies that provide all-round coverage. Their policies cater to the needs of low, middle, and high-income earners, small and large families, senior citizens, and corporate groups. 

Senior Citizen Policy: 

Universal Sompo’s Senior citizen Policy offers: 

  • Sum insured (SI) amount options up to Rs. 5,00,000
  • Coverage for:
  • Pre and post-hospitalization
  • In-patient hospitalization including: 
  1. Room rent costs
  2. ICU hospitalization
  3. Doctors and nursing fees
  4. Operation theatre charges 
  5. Medicines and drugs 
  6. Artificial limbs, stent implants, and other support equipment 
  • Domiciliary hospitalization
  • Daycare procedures 
  • Ambulance charges 
  • Daily hospital cash allowances 

New India Assurance’s Senior Citizen Policy offers: 

  • SI amounts up to Rs. 1,50,000
  • Coverage for: 
  • Pre and post-hospitalization 
  • In-patient hospitalization including: 
  1. Room rent costs
  2. ICU hospitalization
  3. Doctors and nursing fees
  4. Operation theatre charges 
  5. Medicines, drugs, and consumables 
  • Domiciliary hospitalization
  • AYUSH treatments 
  • Daycare procedures 
  • Organ donor expenses 
  • Ambulance charges 

Top-up Policy: 

Universal Sompo’s Top-up Policy – ‘Super Healthcare’ offers: 

  • SI amounts up to Rs. 1,00,00,000
  • Deductible amount options up to Rs. 40,00,000
  • Coverage for:
  • Pre and post-hospitalization 
  • In-patient hospitalization
  • Domiciliary hospitalization
  • AYUSH treatments 
  • 141 daycare procedures 
  • Organ donor expenses 
  • Bariatric surgery 
  • Maternity needs 
  • Newborn baby care
  • Road ambulance charges 
  • Emergency assistive services 
  • Wellness services 

New India’s Top-up Policy offers: 

  • SI amounts up to Rs. 22,00,000
  • Deductible amount options up to Rs. 8,00,000
  • Coverage for:
  • Pre and post-hospitalization 
  • In-patient hospitalization
  • Domiciliary hospitalization
  • AYUSH treatments 
  • Daycare procedures 
  • Organ donor expenses 
  • Mental illness treatment
  • Advanced technology treatments 
  • Behavioural and genetic disorder treatment
  • Pre-existing diseases after 2 years
  • Daily hospital cash allowances 
  • Ambulance charges up to Rs. 8,000

Personal Accident Policy: 

Universal Sompo’s Personal Accident Policy offers: 

  • 100% of the SI for accidental death
  • 100% of the SI for permanent total disablement 
  • Up to 50% of the SI for permanent partial disablement
  • Weekly cash benefits for temporary total disablement
  • Up to Rs. 15,000 for education expenses of the insured’s dependent children
  • Up to Rs. 25,000 in case the insured faces loss of employment due to the accident 
  • Up to Rs. 2,500 for funeral and transportation costs 
  • Ambulance charges up to Rs. 1,000

New India Assurance’s Personal Accident Policy offers: 

  • SI amounts up to 72 times of the annual income of the insured
  • 100% of the SI for accidental death
  • 100% of the SI for permanent total disablement 
  • Up to 50% of the SI for permanent partial disablement
  • Weekly cash benefits up to 1% of the SI for temporary total disablement
  • Education expenses of the insured’s dependent children 
  • Up to Rs 2,500 for transportation expenses

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