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Last updated on: August 7, 2025
The New India Assurance Floater Mediclaim Policy and Reliance Arogya Sanjeevani Policy are both popular health insurance options in India, but they cater to different needs. The Floater Mediclaim Policy from New India Assurance offers a flexible sum insured for the entire family, extensive coverage including hospitalization, pre- and post-hospital expenses, day care treatments, and optional maternity benefits. In contrast, the Reliance Arogya Sanjeevani Policy is an IRDAI-standardized plan with lower premium rates and straightforward, essential coverage, making it suitable for first-time buyers or those seeking a simple, budget-friendly policy. While Floater Mediclaim is ideal for larger families seeking expansive benefits, Reliance Arogya Sanjeevani fits individuals or small families seeking cost-effective, basic protection. Your choice should depend on coverage needs, budget, and family size.
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India is a growing country in terms of healthcare costs. When you plan to invest in a credible health insurance policy in 2025 to cover your family, two potential competitors frequently come to mind New India Assurance Floater Mediclaim Policy and Reliance Arogya Sanjeevani Policy. Both the policies are affordable and extensive coverage, yet they are based on different needs and requirements. This analytical article shows a comparative analysis of the two alternatives in their features, pros, constraints, and practicality to enable you make an informed choice.
The New India assurance and Reliance general insurance have good reputation in health insurance in India. The Floater Mediclaim of New India Assurance is popular with families who seek broad coverage of all the members under one sum insured whereas the Arogya Sanjeevani Policy of Reliance is a standardized government supported product that is oriented towards simplicity and low cost.
Did you know? The IRDAI developed Arogya Sanjeevani as a common health insurance scheme in India to enable more citizens to access quality healthcare.
Expert opinion: When you prioritize higher sum insured and bigger family cover, then you might be inclined to the New India Assurance floater plan which covers more severe health issues.
New India Assurance Floater Mediclaim: Sum Insured: 2 lakh to 15 lakh rupee in any given policy year. All members share the pool.
Reliance Arogya Sanjeevani: Sum Insured: 1 lakh to 5 lakh rupees/policy year. As well as family floater, but limited max sum insured.
| The feature | New India Assurance Floater Mediclaim | Reliance Arogya Sanjeevani Policy. |
|---|---|---|
| Sum Insured Range | 2 Lakh to 15 Lakh INR | 1 Lakh to 5 Lakh INR |
| Family Coverage | 2-6 members (family floater) | Up to 6 members (family floater) |
| Entry Age | 18-65 Years (maximum age 25 years in children) | 18-65 Years (maximum age 25 years in children) |
| Pre and Post-Hospitalisation | 60, 90 days | 30, 60 days |
| ICU Charges Cap | Up to Sum Insured (conditions) | Up to Sum Insured. |
| Room Rent Limit | Generally, single private room | 5000 INR/day. |
| Treatment Daycare Treatment | All included | All included |
| Maternity Cover | Not Covered | Available as Add-on. |
| AYUSH Cover | Optional/Addon | Included. |
| No Claim Bonus | 5-50 percent of Sum Insured | 5 percent of Sum Insured (may be 50 percent) |
| Renewability | Lifelong | Lifelong. |
Pros:
Cons:
Case in point: In an actual situation the Sharma family of five in Pune selected the New India Assurance Floater Mediclaim 10 lakh cover. Under floater plan when Mrs. Sharma had her knee replacement job of 4.5lakh, she ended up paying only a fraction of the money as the bulk would be covered by the plan leaving the family to pay only a small amount in terms of room rent and other non-medical expenses.
Pros:
Cons:
Expert says: Arogya Sanjeevani is still a feasible option of young families or individuals who want affordable cover against routine or average medical bills.
To use some examples to explain it to a family of 2 adults + 2 children:
| Policy | Sum Insured | Annual Premium Visage. |
|---|---|---|
| New India Assurance Floater Mediclaim | 5 Lakh | INR10,000-13,000. |
| Reliance Arogya Sanjeevani | 5 Lakh | 7500-9500 INR |
Premium depends on age, health, city, and sum insured; the real rates can be different.
There is also a question: Is a Floater Policy Superior to Individual Health Insurance?
Floater mediclaim is inexpensive in cases where a number of family members are covered, but in cases where a single family member has greater health risks it may run out of money in a short period.
Did you know? Every insurance firm is obliged to provide the Arogya Sanjeevani Product. Its characteristics and advantages should be the same, except the price and service.
Yes, digital insurance platforms in India will allow you to view product features, compare premiums and policy wording side-by-side, simplifying your decision-making process.
Did You Know? In 2024, the IRDAI introduced online comparison services to allow policyholders to verify all aspects of their plans such as sub-limits and service ratings before they purchase or change the plans.
The Kumars (Delhi): The family with two children, aged grandparents and a working couple took New India Floater Mediclaim with 12 lakh sum insured. They considered chronic conditions of parents and necessity of having a large hospitalisation cover.
The Souzas (Mangalore): Young couple, healthy and have no dependents but have taken Reliance Arogya Sanjeevani cover of 3 lakh and has kept the premium low and acquired hospitalisation cover.
| Aspect | New India Assurance Floater Mediclaim | Reliance Arogya Sanjeevani |
|---|---|---|
| Maximum Sum Insured | 15 lakh | 5 lakh. |
| Appropriate To | Large/extended families, riskier than usual | Small families, first-time purchasers. |
| High Level | Medium to High | Economical. |
| Add-ons | Available | Not Offered |
| Maternity/Newborn | Not covered | With Arider. |
| Ease of Comparison | Moderate | Very easy (standard format) |
What is the key difference between Reliance Arogya Sanjeevani Policy or New India Assurance Floater Mediclaim? New India Floater Mediclaim is a high sum insured product with additional riders that are ideal in large or aged families. Reliance Arogya Sanjeevani provides standard health cover of up to 5 lakh with fixed and lower premiums, which are best fitted to small families or individuals.
Both policies are cashless to hospitalize? Both do offer cashless hospitalisation in large network hospitals, yes.
Are pre-existing diseases covered? Yes, after waiting period (two to four years, after policy terms).
Is it possible to obtain maternity expenses? New India Assurance Floater Mediclaim only (with add-on). This is not one of the benefits of Reliance Arogya Sanjeevani.
Can these policies be purchased or renewed online in 2025? Yes, the two policies can be easily enrolled or renewed online as well as through the insurance agents.
Should I compare these plans on-line and then make up my mind? Definitely. Through digital insurance markets, you can search features, compare real premium costs and service ratings in a single location to be well informed.
As you shortlist the insurance of your family, compare your medical needs, your expectations of the coverage and your budget with the strengths and limitations of the policies. Talk to the experienced insurance experts or use the assistance of digital aggregators so that you find the plan that best suits your specific stage of life in 2025.
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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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