ClaimRatioIndiaCalculate

New India Assurance Company vs Star Health and Allied Insurance

On CSR alone: Star Health leads with a higher claim settlement ratio in FY 2023-24. But CSR is one data point — also compare plans, premiums, and network before deciding.
MetricNew India AssuranceStar Health
CSR 2023-2491.10%91.27%
Founded19192006
HQMumbaiChennai
Typegeneralhealth

New India Assurance — Strengths

  • +Oldest and largest public sector general insurer — government-backed
  • +Mediclaim policy — one of India's most widely held health plans
  • +Accepted at virtually all government and major private hospitals
  • +Lower premiums compared to private sector equivalents
  • +Floater policies available for families at competitive rates

Star Health — Strengths

  • +Largest standalone health insurer in India
  • +91.27% claim settlement ratio (2023-24)
  • +14,000+ network hospitals across India
  • +Day 1 cover for accidents
Full New India Assurance review →Full Star Health review →