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Last updated on: August 7, 2025
When comparing the New India Assurance Floater Mediclaim Policy and the Reliance Health Gain Policy, both offer comprehensive health insurance for families but differ in certain features. New India Assurance’s plan is known for its extensive hospital network, affordable premiums, and straightforward coverage, making it ideal for those seeking cost-effective, reliable protection. In contrast, Reliance Health Gain Policy stands out for its customizable options, such as add-on covers, wellness benefits, and flexible sum insured choices, catering to those who want tailored benefits and extra services. While both policies cover major medical expenses, pre and post-hospitalization, and cashless claims, Reliance may suit those seeking more personalization and wellness-centric perks, whereas New India Assurance is best for basic, trusted coverage with wider acceptance. Choosing between them depends on whether you prefer simplicity and affordability or greater customization and value-added features.
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The families of the Indians today have to deal with rising medical costs and also medical risks. It is more critical than ever to choose the correct health insurance plan. The new India assurance floater mediclaim policy and the Reliance health gain policy are two stand out products in 2025. Both are well placed on comparison sites, and are common across agents and online marketplaces, yet which one actually best meets the health and financial needs of your family?
It is a complete guide on their features, coverage, exclusions, cost, claim process, and value in the real sense to the Indian consumer in 2025.
New India Assurance is a state owned prominent general insurer that was founded in 1919. They have a family floater health insurance product, the Floater Mediclaim Policy, and the difference between this product and other products is that all the members insured by this policy are covered by a single sum.
What is special about it: It is appropriate where one wants to protect against moderate to high medical expenses with a broad network of hospitals and a reputable brand among the public sector.
Did you know? The only direct insurer in India to be rated A by AM Best is New India Assurance and this is an indication of its paying power of claims and its performance.
Reliance Health Gain Policy is offered by Reliance General Insurance, the company of the private sector industry with features that are customer-friendly and easy to use digitally. Health Gain Policy is a contemporary plan with customisable flexibility and rewards in wellness.
Positioning of Reliance: Ideal to tech-savvy families, those requiring higher cover limits, and those who require OPD, and wellness features.
| Features | New India Floater Mediclaim | Reliance Health Gain Policy. |
|---|---|---|
| Type of insurer | Public Sector | Private Sector. |
| Sum Insured Range | [?]2 lakh - [?]50 lakh | [?]3 lakh - [?]1 crore |
| Minimum Age of entry | 3 months (children) | 91 days (children) |
| Maximum Age of entry | 65 years | 65/70 years |
| Family Coverage | Yes (inclusive) | Yes (flexible) |
| Pre-Post Hospitalisation | 30 and 60 days | 60 and 90 days. |
| Daycare Procedures | 200+ | 150+ |
| Restoration benefit | Not available/Basic | Unlimited (all variants) |
| Wellness Rewards | No (wellness+discounts) | Yes. |
| No Claim Bonus | 50 or less | 100 or less (depends on plan) |
| Room Rent Limit | 1/day sum of insured | 1/day no capping (enhanced/premium) |
| OPD Cover | No | Optional |
| Claim Settlement Ratio 2024 | 96.4% | 98.3% |
| Cashless Hospital Network | 7,500+ | 8,600+ |
| Digital Claim Process | Part/Traditional | Full App/Online. |
| Tax Benefit | Yes (Section 80D) | Yes (Section 80D) |
| Indicative Annual Premium | Starts [?]5,200 to [?]5 lakh | Starts [?]6,300 to [?]5 lakh |
Premiums are descriptive and change depending on age, zone, tenure and add-ons. Compare on online market places to get individual quotations.
A side by side comparison of these family floater health policies in trustworthy online marketplaces serves you:
These platforms can also be used to check the eligibility, experience of claim settlements and even create reminders on policy renewal.
Expert’s insight: The families in the metros have the preference towards higher sum insured and wellness choice and Reliance is appealing. New India is popular among the travelers in tier 2/3 cities who appreciate the reliability of the services.
New India Floater Mediclaim:
Reliance Health Gain:
Pros:
Cons:
Pros:
Cons:
Case Study: The Nair Family
In case they purchase New India Floater Mediclaim:
Provided that they purchase Reliance Health Gain Policy:
Nair family with an appreciation of digital claim experience and healthy lifestyle benefits would be pleased with Reliance Health Gain but those with limited premium budgets would be satisfied with the policy of New India.
Did you know? In urban locations, optional OPD benefit and health rewards gained popularity with more than 65 percent of family floater purchasers in 2024, compared to 30 percent higher in 2022.
New India Assurance Floater Mediclaim:
Reliance Health Gain Policy:
Q. What is less expensive in 2025 working out than a small family?
New India Floater Mediclaim has lower initial premiums in the case of basic hospitalisation. Reliance is more costly but with more features.
Q. Are already existing diseases covered on first day?
No, they all have waiting terms of pre-existing diseases: 4 years (New India) and 3 years (Reliance).
Q. Is it possible to purchase these policies on-line?
Yes, each of them can be found at the insurers websites, agents, and popular online insurance markets where a person can receive an immediate quote and insurances at a discount.
Q. Who is to prefer New India to Reliance?
New India can be a better choice in case you focus on a heritage insurer or cheaper premium on a basic family cover.
Q. Does the two policies contain maternity cover?
Both have maternity as an optional add-on with add-on waiting periods.
Q. Is OPD consult covered?
Only on the selected variants, Reliance Health Gain covers OPD. New India generally does not.
Q. Can I change between such plans when the plans are renewed?
Yes, you have an option to port between health insurers according to IRDAI with terms and conditions.
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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