ClaimRatioIndiaCalculate

New India Assurance Company vs United India Insurance

On CSR alone: New India Assurance 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 AssuranceUnited India
CSR 2023-2491.10%90.18%
Founded19191938
HQMumbaiChennai
Typegeneralgeneral

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

United India — Strengths

  • +Government of India ownership — maximum financial security
  • +Lowest premium options — PSU pricing is heavily subsidised
  • +14,000+ network hospitals nationwide including in rural areas
  • +Serves government employees and scheme beneficiaries
  • +No profit motive — policyholder interests prioritised over shareholders
Full New India Assurance review →Full United India review →