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Last updated on: August 7, 2025
When comparing New India Assurance Floater Mediclaim Policy with Raheja Qbe Health Qube Basic Policy, the key differences lie in coverage, sum insured, and benefits. The Floater Mediclaim targets families, offering a shared sum insured (Rs 1–15 lakh) across all members, lifelong renewals, and extensive hospital network coverage, making it suitable for those wanting flexible, collective coverage. In contrast, Raheja Qbe Health Qube Basic Policy is designed for individuals and families, with sum insured options starting from Rs 1 lakh, and focuses on essential hospitalisation cover, pre/post-hospitalisation, and day-care procedures, often at competitive premiums. However, it may offer fewer optional add-ons and network hospitals compared to New India. Choose Floater Mediclaim for comprehensive family protection and broad benefits; prefer Health Qube Basic for affordability and straightforward hospitalisation coverage.
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Healthcare in India has become expensive and this has necessitated health insurance as most families are opting to be insured in 2025. With the array of different health insurance plans, it may be disheartening to find the correct policy that fits your family. Some of the popular options include New India Assurance Floater Mediclaim Policy and Raheja QBE Health Qube Basic Policy.
Both have their own distinct advantages, flexible amount of sum insured and are preferred by most Indian families but differ in their features, coverage limits and the prices. This all-encompassing article disaggregates their major features, advantages and disadvantages, and appropriateness, enabling you to make an informed choice regarding the well-being of the loved ones.
The New India Assurance Floater Mediclaim Policy is a family-floater health insurance scheme of the New India Assurance Co. Ltd. which is one of the most reliable public sector general insurers in India. The policy targeted the families who want full access to medical coverage with a single sum insured, where any insured member could use the pool throughout the policy term.
Pros:
Cons:
Did you know?
In 2024, the most recent regulatory changes have added wellness program add-ons and higher sum insured on critical illnesses under most public sector insurance programmes.
Raheja QBE Health Qube Basic Policy is a product offered by Raheja QBE General Insurance which is a joint venture between Rajan Raheja Group of India, and QBE of Australia. This is a simple health policy that offers affordable and modular protection to Indian families that need cheap health safety with easy annual premiums.
Pros:
Cons:
Expert Insight
Modular policies such as Health Qube Basic can make benefiting and premiums much more closely aligned with family age mix and anticipated healthcare requirements. – Insurance Consultant, Dr. Rakesh Mehra
The sum insured is the limit to which the insurer pays in a policy year. The comparison of the two policies looks like this:
| Characteristic | New India Assurance Floater Mediclaim | Raheja QBE Health Qube Basic |
|---|---|---|
| Sum Insured (max) | ₹15 lakh | ₹10 lakh |
| Min Sum Insured | ₹2 lakh | ₹1 lakh |
| Family Floater | Up to 4 individuals | Up to 8 individuals |
| Renewability | Lifelong | Lifelong |
| Pre-existing Waiting | 4 years without restriction (chosen diseases) | 3 years on select, 4 years otherwise |
| No Claim Bonus | 50% NCB or less | 50% NCB or less |
Cashless treatment is a painless affair in an enormous hospital chain. The two insurers are affiliated with thousands of hospitals.
People also ask:
Q: What policy has greater number of network hospitals?
A: By 2025, Raheja QBE has a broader network that consists of more than 5,000 hospitals. New India exists 3,000+ but is highly concentrated in semi urban and rural areas.
Did you know?
Online insurance marketplaces allow you to shop hospital networks and cashless claim processes simultaneously and then purchase.
New India Floater Mediclaim:
Raheja QBE Health Qube Basic:
Conclusion: Standards in both policies are equal in regard to pre-post hospitalisation benefits.
New India Assurance Floater Mediclaim
Raheja QBE Health Qube Basic
Expert Insight
The choice of a lower waiting period plan is good in families with the already existing illnesses.
New India Floater Mediclaim: maternity and newborn cover are available only under some variants and on a condition basis.
Raheja QBE Health Qube Basic: Provides maternity benefits in the form of paid optional rider.
Case Study
Ravi and Shweta (Bangalore-based couple) preferred to use Health Qube of Raheja QBE because of its maternity competence and a single-policy covering both parents-in-law.
People also ask:
Q: Do I have in-laws that I can cover under my mediclaim?
A: There is an in-law extension to Raheja QBE, whereas New India Floater base plan only extends it to spouse and up to two dependent children only.
Comparing sample annual premiums (using 2025 rates of non-smoking nuclear family):
| Age Group | New India (4 members, ₹5 lakh SI) | Raheja QBE (4 members, ₹5 lakh SI) |
|---|---|---|
| 30, 28, 5, 2 yrs | ₹12,300 | ₹11,800 |
| 40, 38, 10, 7 yrs | ₹17,500 | ₹16,700 |
| 52, 48, 24, 21 yrs | ₹26,900 | ₹24,950 |
Pros:
Cons:
Did you know?
A number of insurers are providing family discounts or loyalty bonuses when they renew online via official company portals.
People also ask:
Q: What is more hassle-free in claims?
A: Raheja QBE is digital-first, yet New India is chosen by people who attach importance to in-branch assistance and directions.
Both policies exclude:
Difference: Modular approach of Raheja QBE would enable you to lower or increment some limits at a minor premium.
New India Assurance:
Raheja QBE Health Qube Basic:
| Profile | Prefer New India Assurance | Prefer Raheja QBE Health Qube |
|---|---|---|
| Gross Sum Insured (more than 10 lakh) | Yes | No |
| Greater joint family | No | Yes (to 8 members) |
| AYUSH or OPD | No | Yes (as add-on) |
| Maternity required | Locked (only in higher plans) | Yes (through optional rider) |
| Good rural/PSU orientation | Yes | No |
Expert Advice
In the case of urban joint families, who will have different healthcare requirements, the flexible family floater along with the OPD benefits offered by Raheja QBE will provide genuine value. To the individuals who want to have the support of the public-sector, New India will be the most reliable option.
Which policy will suit 6-member family in 2025?
Raheja QBE Health Qube Basic covers up to 8 members where it is more fitting to cover a larger family as compared to New India standard 4 member floater.
Included in these plans are health checkups?
New India provides preventive health checkups within 4 claim free years. Raheja QBE offers a health checkup rider in 2 years.
Do both have a No Claim Bonus?
Yes, both policies are of up to 50 percent No Claim Bonus of the base sum insured in case of consecutively claim-free years.
What should I do to evaluate precise premiums and benefits?
Compare plan benefits, co-payment, hospital networks and coverage exclusions of both plans side by side using online insurance marketplaces based on your age mix and that of your family and the city you live in.
Do both plans permit renewal throughout life?
Yes the New India Assurance Floater Mediclaim and Raheja QBE Health Qube Basic have the option of lifelong renewal provided you remain covered.
How to buy the policy in 2025?
These policies are easily available to be bought or renewed online through the official site of each insurer or through comparison sites (aggregator), where offerings can be viewed on a single page.
How could we improve this article?
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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