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National Two Wheeler Insurance

National Insurance Company is a gem of an insurance provider that has been providing insurance services to India and Nepal since 1906. The company has a strong presence with around 1,730 offices, more than 13,000 skilled employees and over 50,000 agents spread all over the nation. Under National Two-wheeler insurance, the two-wheeler owner will get absolute safety from accidents, disasters, personal injuries, third party expenses, burglary, etc.

Highlights

Incurred Claims Ratio

127.50%

Cashless garages

3200+

Third-party liability cover

Up to 7.5 lacs

**Last Updated on 05-11-2020

How To Renew Your National Two Wheeler Insurance?

You can renew your National Two-wheeler Insurance by visiting the official website of the company or simply through PolicyX.com. Let's discuss this further.

Renew Through PolicyX.com

  • Go to 'Get Two Wheeler Insurance Quotes Online' visible at the top-right corner of this page and fill the details of your two-wheeler. Make sure that you choose 'Renewal Option' and acknowledge whether it is expired or going to expire.
  • Click on 'Continue' to submit the details. You will get a list of two-wheeler insurance providers. Choose National Two-wheeler Insurance whose policy you want to renew.
  • Check the premium details. You also have the option to purchase add-on covers to enhance the coverage.
  • Pay the premium.
  • The team of PolicyX.com will share your policy documents on your email address.

Renew Through National Insurance Company

  • Visit the official website of the National Insurance Company Limited
  • Click on 'Quick Renewal'.
  • It will take you to the new tab.
  • Submit your policy number and fill the captcha code.
  • Click on the tab 'Renew Policy'.
  • Verify the details & premium of the plan.
  • Make the payment with the help of available digital payment modes.
  • The company will send the policy documents on registered email.

Benefits of National Two Wheeler Insurance

National Two-wheeler Insurance has come out with a bunch of great benefits. We have mentioned such benefits below for your reference.

24 x7 Customer Service

The customer care team of National Insurance works 24 hours to resolve customer queries and address them as fast as possible.

Quick Policy Issuance

A customer can get the National Two-wheeler Insurance policy within one day or up to a maximum of 7 days, thanks to minimal paperwork.

Flexible Coverage Options

The two-wheeler owners hold complete freedom to choose the type of coverage i.e. liability only cover or package cover.

National Two Wheeler Insurance: Add-on Covers

National Insurance offers a wide range of add-on covers that can prove to be quite useful in the hour of need. Below mentioned is the list of such covers.

Nil Depreciation: Your two-wheeler is a depreciating asset and the company deducts a proportionate amount of depreciation to calculate IDV of the vehicle to pay the claim. This add-on cover helps you in receiving the full claim amount, not the depreciated one.

NCB Protect: By opting NCB Protect, a policyholder can keep his/her NCB intact even after making a claim during the tenure of the policy.

Invoice Protect: This add-on covers the gap between the insured declared value and the purchase value of the two-wheeler. Through this add-on, you will get the on-road price of the two-wheeler at the time of claim.

Engine Protect: Engine is core to a vehicle and protection of the same is equally important. So, this cover will compensate for the damage that occurred to internal parts of the engine and gearbox.

NIL Depreciation Plus: This is a unique add-on cover by National Insurance company. Like any other add-on cover, you can buy the same by paying an additional premium.

How To Calculate The two-wheeler Insurance Premium?

The below factors are taken into consideration while calculating the premium of National two-wheeler insurance-

  • Age of the two-wheeler
  • The cubic capacity of the engine
  • City of registration
  • IDV value of the two-wheeler
  • Type of coverage opted
  • No claim bonus amount
  • Add-ons attached to the basic policy

Below is the list of a few premium samples for your perusal.

Model

Price

Plan Type

IDV*

Zero Dep*

Premium*

Hero MotoCorp Super Splendor BS6

Rs. 71,650

Comprehensive

Rs.38,950

Rs. 175

Rs.864

Mahindra Centuro NXT 110

Rs.54205

Comprehensive

Rs.38836

Rs.93

Rs.964

Harley Davidson Street 750

Rs. 5,34,000

Comprehensive

Rs. 3,11,600

Rs.820

Rs.4197

Suzuki Burgman Street BS6

Rs. 77,832

Comprehensive

Rs. 51680

Rs. 184

Rs.1542

Table Data updated on 05-11-2020

*The values are calculated on the basis of the city (Gurgaon) and year of registration (2020).

Claim Process of National Insurance Two Wheeler Insurance

For Accidental Damage

  • Intimation of the claim: Reach out to National Insurance through call or email and communicate the details of the incident and provide the requested information for authorization of the claim. For doing so, a claim form needs to be filled online.
  • Examination of the Vehicle: The damaged two-wheeler will go through investigation by a surveyor to assess the total loss incurred.
  • Submit Documents: Submit all the necessary documents for a claim.
  • Claim Processing: Once the surveyor passes your claim after verification, the company will start to process your claim and keep you in the loop at every step of the way.
  • Payment of The Claim: The payment of the agreed claim amount will be credited directly to the account of the policyholder/nominee.

Note: Don't start the repair of the two-wheeler unless it is surveyed by an IRDAI licensed surveyor, appointed by the insurance company.

For Theft of Vehicle

  • Report an FIR: The first obligation of the customer is to inform the nearest police station about the incident and lodge an FIR by explaining the whole event.
  • Notify The Insurer: Inform your insurer about the event by calling the toll-free number or dropping an email.
  • Submit Documents: The insured must file the claim form online and submit duly attested documents including the final police report.
  • Investigation of The Event: An investigator will be assigned who will scrutinize the authenticity of the theft and pass/reject the claim.
  • Claim Settlement: The claim is settled after the approval of the investigator and an agreed amount is paid to the policyholder to recover the loss.

For Third-Party Claims

  • Intimation of The Claim: Communicate with the team of National Insurance in case you are stuck in a possible third-party liability claim. On getting summoned by the court, you should share the same with the National Insurance Company.
  • Fill the Claim Form: The policyholder must file the claim form by stating the real cause of the claim along with RC of the two-wheeler, driving license, and FIR.

What Are The Required Documents To File a National Two-wheeler Insurance Claim?

For a successful claim process, you need to submit the below-mentioned documents-

  • Policy documents
  • Driving license
  • ID proof
  • The claim form duly filled
  • RC copy of your two-wheeler
  • Repair invoice & relevant payment receipts
  • Estimates of the loss

Contact Details

National Insurance Company Ltd.

Contact details: 22831705

Email address: customer.relations@nic.co.in

Address: Address : 3, Middleton Street, Prafulla Chandra Sen Sarani, Kolkata, West Bengal, 700071.

PolicyX.com Insurance Web Aggregator

Contact number: 1800-4200-269/1800-4203-180

Email id: helpdesk@policyx.com

Registered Address: PolicyX.Com Insurance Web Aggregator Private Limited

1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.

National Two Wheeler Insurance : FAQs

1. What documents are required to purchase National Two-wheeler Insurance?

You must provide the certificate of registration, personal government ID, driving license, that is requested by the insurer during the buying procedure.

2. Can I port another company's two-wheeler insurance policy with niconline.in?

Yes, you can do that. For the same, you have to visit niconline.in and provide details of your expiring policy and buy National Insurance two-wheeler insurance policy online.

3. Can I check my National Two-wheeler Insurance Policy status anywhere?

For purchases made directly through National Insurance, you can view the details after logging to their official website.

4. Can I cancel my National Two-wheeler Insurance Policy?

Yes, you are allowed to cancel your National two-wheeler insurance in case of need. To initiate the process, you have to submit the surrender form and ask for cancellation. Later, the insurance company will refund the policy premium after making necessary deductions and your plan would stand cancelled.

5. Will I get cover in case of damage to the vehicle due to riots and strikes in my city?

Man-made perils during activities such as riots, terrorist attacks, and strikes are covered and due coverage is paid on making a claim.

Last updated on 05-11-2020