New India Car Insurance
New India Car Insurance
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New India Car Insurance

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.

Highlights

Headquarters

Mumbai, Maharashtra

Number of Products Offered

250+

Number of Offices in India

2,395

Number of Employees

17,615

CRISIL Rating

'AAA/Stable' since 2014

**Last Updated on 22-09-2020

How To Renew the New India Car Insurance Policy?

1. Renew With New India Assurance Insurance Company

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:

  • Visit the website of New India Assurance company.
  • Select the 'Quick Help' tab and click on 'Quick Renewal' option.
  • Fill the required details such as customer ID, policy number or fresh/renewal quote number.
  • Tap on 'Proceed' and make the required payment.
  • After a successful payment, you will get the soft copy in your registered id.

2. Renew With PolicyX.com

PolicyX.com provides you with the ease of renewing your car insurance policy in a few simple steps:

  • Go to 'Compare Car Insurance Quotes Online' at the top-right corner of this page.
  • You can renew by two ways- either fill the details of your car and click on the 'Get Quotes' option or click on 'Proceed Without Car Number' and enter the information needed to visit the quotes page.
  • You can choose your current insurance provider or select a new insurance policy that matches your demands.
  • Pay the required premium amount of the policy. 
  • Once the transaction is successful, you will get a notification of the same in your registered email ID.

Key Features and Benefits of New India Car Insurance

Discounts

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.

24*7 Customer Support Duty

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.

Cashless Garages

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.

Hassle-free Claim Settlement

Claims will be settled quickly without any hassles. The process of initiating a claim during an emergency is also very convenient.

Incurred Claim Ratio

The company carries an incurred claim ratio of 103.19%. It makes sure that all the genuine claims get the required assistance on time.

Premium Calculation for New India Car Insurance

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.

Car Variant

Price of the Car

IDV*

Zero Depreciation

(Add On)*

Estimated Premium*

Renault Kwid STD (799 cc)

Rs. 3,02,000

Rs. 2,19,708

Rs. 879

Rs. 7,004

Maruti Suzuki Wagon R LXi 1.0 (998 cc)


Rs. 4,51,000


Rs. 3,91,324


Rs. 1,312


Rs. 9,963

FIAT Punto Evo Pure 1.2 (1172 cc)



Rs. 4,88,000

Rs. 3,03,392

Rs. 996

Rs. 13,020

Honda City SV Petrol (1497 cc)

Rs. 10,13,000

Rs. 9,80,115

Rs. 4,901

Rs. 17,578

Table Data updated on 22-09-2020

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

What Are The Different Add-on Covers By New India Car Insurance?

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).

How To Settle A Car Insurance Claim With New India Insurance Company?

Cashless Claim Process

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:

  • Inform the company by calling the toll-free number of New India Insurance 1800-568-9999.
  • Drive the car or get it towed to the closest network garage.
  • Provide policy details along with duly signed claim form.
  • The payment for the repair services will be directly made by New India to the garage.
  • The delivery of the repaired car will be made by the insurer at your registered home address.

Reimbursement 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:

  • Inform the company about the incident.
  • A survey will be taken place to report all the damages and costs of the same.
  • Make sure to collect all the bills, invoices and receipts for verification purposes.
  • Submit the claim form along with bills and required documents to the surveyor.
  • Reimbursement will be made within 7 working days if every detail is found true.

Documents Required To Claim New India Car Insurance

A list of documents needs to be kept in place for a quick settlement process of your claim:

  • Policy documents.
  • Driving License.
  • Vehicle's RC Book.
  • Police FIR copy in case of an accident.
  • Original repair bills and receipts.
  • Duly signed claim form.

**Note: The company may ask to submit some other documents in case of theft or third-party claims.

Contact Details

1. New India Assurance Insurance Company

Registered Office Address:

New India Assurance Insurance Co. Limited, No .21, Patullos Road, Chennai - 600 002.

Corporate Office Address:

New India Assurance Insurance Co. Limited, Vishranthi Melaram Towers, No.2/319, Rajiv Gandhi Salai (OMR), Karapakkam, Chennai - 600097.

Telephone: 1860 425 0000 (toll-free), +91-44-71177117

Motor Claim Intimation Number: 1800 568 9999

Fax: +91-44-71137114

Email: customer[dot]services[at]royalsundaram[dot]in (For queries or complaints related to your car insurance policy)

2. PolicyX.com

Registered Office 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.

Email: helpdesk@policyx.com (For any assistance & complaints)

telesales@policyx.com (For any Sales query)

Toll-Free Number: 1800-4200-269

New India Car Insurance - FAQs

1. What is the Solatium Fund Scheme by New India Insurance Company?

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.

2. What are the different types of cover available under the New India Car Insurance policy?

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.

3. Will I be eligible to get the benefit of Road Tax Cover for my 2 years old insured car 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.

4. Why should I opt for additional cover for towing charges in my New India Car Insurance policy when it already covers towing charges?

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.

5. How much No Claim Bonus can I get for not claiming in my New India Car Insurance policy?

You can get up to 50% No Claim Bonus benefit for not claiming for 5 consecutive years in New India Car Insurance policy.

6. Are voluntary discounts available under the 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.

7. My car is 9 years old now. Is it possible to get No Claim Bonus Protection Cover benefit in New India Car Insurance policy?

No, this benefit is only for those cars which are not older than 7 years.

Last updated on 22-09-2020