New India Assurance Company Limited is one of the oldest general insurance companies in India that runs its business in 28 countries across the globe. The company is owned by the government of India and was founded by Sir Dorabji Tata in the year 1919. It is the only direct insurance company in India rated A-(Excellent) by the 'AM BEST Company' since 2007. The organization carries the highest degree of financial strength to honour its policyholders' obligations. The company has come out with multiple plans at reasonable prices to cater to the different needs of customers.
New India Car Insurance protects your car from dangers and risks related to an accident, fire, burglary, riots, floods, etc. It not only provides adequate coverage to private cars but commercial cars as well. You can also cover the paid driver along with the co-passengers under the New India car insurance policy.
Number of Products Offered
Number of Offices in India
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'AAA/Stable' since 2014
**Last Updated on 05-11-2020
The online renewal process is one of the most hyped features of this company as it is very short and easy to perform. You just need to proceed with the following steps:
PolicyX.com provides you with the ease of renewing your car insurance policy in a few simple steps:
Those people who are members of the Automobile Association of India (AAI) or have anti-theft devices in their cars will be eligible for special discounts. Apart from this, policyholders can also take advantage of no claim bonus discount.
Well, one of the best features of New India Insurance is the well-trained customer service team that is always ready to clear your doubts and queries. They will also help the policyholder to make claims, apply for a policy or renew the same.
It is never fun to put pressure on your wallet. That's why the company has partnered with 3000+ cashless garages across the country where the company itself will pay the repair expenses of your car.
Claims will be settled quickly without any hassles. The process of initiating a claim during an emergency is also very convenient.
The company carries an incurred claim ratio of 103.19%. It makes sure that all the genuine claims get the required assistance on time.
Calculate premiums for your car insurance policy with the help of PolicyX.com's premium calculator. It takes into account different factors of your car like registration zone, cubic capacity, age of the car, idv, etc. to quantity a premium.
In the following chart, we have picked up some variants of different car models and shown the premium estimate of the same for your convenience.
Price of the Car
Renault Kwid STD (799 cc)
Maruti Suzuki Wagon R LXi 1.0 (998 cc)
FIAT Punto Evo Pure 1.2 (1172 cc)
Honda City SV Petrol (1497 cc)
Table Data updated on 05-11-2020
**The values are calculated on the basis of (Delhi) city and registration year 2020.
Zero Depreciation Cover: In case of an accident or unfortunate event, the policyholder will be eligible to receive the repair or replacement expenses of the depreciated car parts like plastic, rubber, metal, etc. with the help of this add-on coverage.
Road Tax Cover: If the car gets totally damaged/lost due to a major accident or theft, the policyholder will get the adequate cover for road tax charges on replacement of the insured car.
No Claim Bonus Protection Cover: For every claim-free year, you will acquire a certain No Claim bonus benefit and this add-on cover allows you to retain the same even after making a claim. The customer will be eligible for this discount for a maximum of 2 claims during the policy tenure.
Towing Assistance: If you look for towing assistance during an emergency situation, the costs towards the same will be taken care of by the insurance company. On opting this add-on benefit, a maximum of Rs.10,000 can be claimed for the entire policy period.
Personal Belongings protection cover: If any form of personal belongings such as cell phones, laptops, pieces of clothing, jewellery, etc. are lost/misplaced from the car, it can be claimed under this add-on. The cover is up to Rs. 20,000 along with an additional 20% of the sum insured, i.e., Rs. 4,000 for every item or the actual price (whichever is less).
Engine protection cover: The chances of getting damage to the parts of the engine or gearbox of the car is quite high due to water ingression or leakage of lubricating oil. This add-on benefit will cover the repair costs for the same.
Return to Invoice: With the help of this cover, you can easily reimburse the original invoice price of the car including road tax and registration charges in the event of a total loss or damage to the car. An invoice price up to Rs. 20 lakhs is covered for private cars (not more than 3 years of age).
You are not required to pay a single penny out of your pocket on repairing the damaged car from an authorized network garage of the insurer. Let's explore the cashless claim process:
In case you have repaired your car from a non-cashless garage and wish to apply for a reimbursement claim, just follow the below-stated steps:
A list of documents needs to be kept in place for a quick settlement process of your claim:
**Note: The company may ask to submit some other documents in case of theft or third-party claims.
1. New India Assurance Insurance Company
New India Assurance Insurance Co. Limited, 87, M G Road, Fort, Mumbai 400 001
Telephone: 1860 209 1415
Email:tech[dot]support[at]newindia[dot]co[dot]in (For queries or complaints related to your car insurance policy)
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.
Email: firstname.lastname@example.org (For any assistance & complaints)
email@example.com (For any Sales query)
Toll-Free Number: 1800-4200-269
The Solatium Fund Scheme was formed by the Central Govt. to offer compensation to the victims of the "Hit and Run" motor accident. The amount of compensation is Rs. 25,000 in the event of death and Rs. 12,500 for grievous injuries.
The different types of cover, viz., Own Damage Cover, Third-Party Liability Cover and optional covers such as Personal Accident Cover in addition to Paid Driver Cover are available under New India Car Insurance policy.
Yes, you will be eligible for the benefit as it provides the coverage until the car is 3 years old.
The standard package policy of New India Car Insurance provides towing charges of Rs. 1,500 only whereas the add-on feature of additional towing charges will offer coverage up to Rs.10,000.
You can get up to 50% No Claim Bonus benefit for not claiming for 5 consecutive years in New India Car Insurance policy.
Yes, voluntary discounts are available if you pay a certain amount of repair expenses at the time of claim under New India Car Insurance policy.
No, this benefit is only for those cars which are not older than 7 years.
Last updated on 05-11-2020