National Insurance Company

Key Features

Claim Settlement Ratio 85.47%

Claim Settlement Facility 100%

Network Hospitals 6000

Renewability 100%

COVID-19 Cover Yes

Incurred Claim Ratio 115.55

About National Insurance Company

National insurance company limited is India's oldest general insurance company. It was incorporated in Kolkata in the year 1906 to fulfill the nation's aspiration for Swaraj. National insurance company was merged along with 21 foreign and 11 Indian companies to form the National Insurance company limited after passing of the General Insurance business nationalization act in 1972. National Insurance Company Limited then became a subsidiary of the General insurance corporation of India, an entity completely owned by the Government of India. After the passing of act and subsequent merger of all the companies to form the National insurance company limited, the shares of existing Indian and foreign general insurance companies were transferred to GIC for regulation and control of general insurance business in India.


National health insurance plans

National Young India Mediclaim policy

It is an indemnity based health insurance policy that can be issued on individual as well as family floater basis. The policy covers expenses incurred due to hospitalization for inpatient treatment or day care treatment during the policy period. The minimum and maximum sum insured under the policy is ₹3 lakhs and ₹10 lakhs respectively. The entry Age for this plan is 18 years to 43 years. The policy covers the alternative treatments up to the sum insured limit mentioned under the policy. A cumulative bonus of 5% to 50% is available under the plan for every claim free year.

Benefits of National health insurance

The plan covers the health checkup expenses incurred by the insured customer during the policy period. The time limit to submit the documents to the Third party administrator is at least 45 days prior to the expiry of the policy period. The health checkup option is available every 2 years without a break between the policy periods and the limit of expenses that would be reimbursed would be up to Rs.3000.

Tax Benefits

Health insurance policies offer tax benefits under the Section 80D of the income tax act.

Claim Settlement Process

National insurance health claim settlement form can be obtained from the company or it can be downloaded from here.


The National health insurance premium is calculated on the basis of the factors such as the age of the prospect, sum insured opted by the customer, coverage required by the customer, add-on covers required, pre-existing conditions etc. The premium is underwritten up to a certain sum insured limit and the premium could change depending on the health condition of the applicant.