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

New India Assurance is one of the oldest general insurance companies in India that runs its business in 28 countries. The company has been the market leader in India. 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 honor its policyholder's obligations. To cater to the different needs of customers, the company has come out with multiple plans at reasonable prices. Whether it is about your health, vehicle or any general product, the company is there to assist you with the same. New India car insurance company is offering comprehensive products that will offer complete assistance in the hour of need.

Importance Of Having A Car Insurance

Your car is your second most precious and expensive asset after your home and considering the present working conditions and travel time required to reach the office, the car proves to be your second home since you spend so much time traveling in it. When a car proves to be such an important part of your daily life, don't you think that getting it insured should be the best thing that you can provide your car in return? It is anyway mandatory in India to have a car insurance policy under the Motor Vehicle Act.

There are a lot of risks involved in vehicular travel which can occur anytime without any prior warning and prove quite costly for you. Motor insurance protects your finances and provides coverage in the event of such accidents. A comprehensive motor insurance plan helps you in protecting your vehicle from financial liabilities or loss.

Types Of New India Car Insurance Plans

New India Assurance offers 2 helpful car insurance plans that target all of your basic needs. They are given below:-

  • Liability Only Plan This plan was designed to financially help the third party in case of bodily damage/disability/injury/death & property/vehicle damage because of an accident caused by the insured. The company has set a budget (up to 7.5 lakhs) for third party liability.
  • Package Cover As the name suggests, this plan assures financial protection for the insured along with the third party. And the protection is not just from accidents but also from made-made and natural disasters such as riots, terrorist attacks, earthquakes, floods, etc.

New India Assurance - Features And Benefits

Trusted Insurer

Trusted Insurer

New India Car Insurance Company is a trusted brand in the industry. People have faith in this organization for many years because of its commitment to offer the best possible services among its competitors. Also, being government-owned sweetens the taste of the deal.

Discounts

Discounts

Those people who are members of the Automobile Association of India will be eligible for special discounts. Apart from this, policyholders can also take advantage of no claim bonus or those who have anti-theft devices in their cars will also be eligible for additional discounts.

24*7 Customer Support Duty

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

Cashless Garages

It is never fun to put pressure on your wallet. That's why the company has made an association with several cashless garages where the company itself will pay the repair expenses of your car.

Hassle-free Claim Settlement

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.

Claim Ratio

Claim Ratio

The company carries a claim ratio of 103.74 %. The company makes sure that all the genuine claims get the required assistance on time.

Add-On Covers On New India Car Insurance

Let's explore the add-on covers offered by New India:-

Zero Depreciation

It allows the policyholder to cover the loss that takes place because of the depreciation of the concerned during a claim. The depreciation is covered for the parts associated with the car and in case of an accident or unfortunate event, the policyholder will be eligible to receive all expenses without thinking about the kind of depreciation.

Road Tax Cover

The insured is liable for the benefit until the car is 3 years old. It will cover the difference in the amount between the manufacturer's price and the IDV. The maximum amount of cover that a person can get under the same is Rs.20 lakhs.

No Claim Bonus

You will get the same for every claimless year. The customer will be eligible for this discount if his/her car is up to 7 years old but not older.

Towing Charges

If you look for towing assistance during an emergency situation, the costs towards the same will be taken care of by the insurance company. If you opt for this add-on benefit, a maximum of Rs.10,000 can be claimed under this feature.

Content Protection

Any form of the belongings (cell phones, laptops, pieces of clothing, jewelry, keys, etc.) which are there in the car at the time of an accident or an unfortunate incident can be claimed (maximum amount is Rs.20,000) with the help of this cover.

Inclusions & Exclusions

A complete chapter of car insurance does give huge importance to the section of inclusions & exclusions. So, put your seatbelts on & checkout the below list:-

Inclusions

  • Loss or damage caused by fire, explosion, self-ignition & natural calamities such as floods, storms, landslides, earthquakes, rockslides, hurricanes, lightning, etc.
  • The loss that occurs because of theft, robbery, and other manmade calamities such as strikes, riots, terrorist activities, accidental external damage, etc.
  • Damage that occurs because of travel by road, air, elevator & inland waterway.
  • Third-party liability in case of injury, death or damage.
  • Personal accident cover.
  • Loss occurs because of electrical or non-electrical accessories.
  • Legal liability to passengers who do not pay fares.
and

Exclusions

  • In the case where the insured uses the vehicle contrary to mandated instructions.
  • Accident due to intoxication.
  • Damage due to own negligence.
  • Mechanical or electrical breakdown.
  • Loss due to nuclear risks.
  • War-related risks.
  • Consequential loss.
  • Contractual liability.
  • Loss of accessories by theft.
  • If a car is used/driven outside the geographical area (India).

Easy Steps To Buy New India Car Insurance Online

  • Log on to the New India Company website and visit the ‘motor car insurance' section.
  • Select the ‘Buy Online' link to get all the details and make a purchase online.
  • On clicking, you will be redirected to a page where you have to fill all personal details and get an insurance quote.
  • If you are fine with the quotes, then you can make the payment. Once this is done, the policy will be sent to the buyer immediately.
  • If you have any queries, you can always call on the toll-free number.

New India Car Insurance Renewal

Getting your vehicle insured and renewing the existing one on time is very essential. When it comes to renewing an existing New India car insurance policy, you must remember the last date before it lapses because if you don't, then you will let go of important benefits that you might have availed after renewing. If you want to drive your vehicle without any hassle then renewing the existing one is very vital. To get the best deal at the time of renewal, you can do a car insurance policy comparison that helps you in choosing the cheapest car insurance online.

Don't forget that the validation of your motor insurance policy is for a certain time period. It depends on the date on which you bought your car insurance policy. Once this period is over, you will be required to renew your motor insurance policy before it expires.

How To Renew New India Car Insurance Online?

The online renewal process is one of the most hyped features of this company. Why? It is very short and easy to perform. You just have to follow the below-given steps:-

  • Visit the New India Assurance website.
  • Select the policy you want to renew & go to ‘renewal option'.
  • Fill the required details and make the payment.
  • After a successful payment, you will get the soft copy on your registered id.

Claim Process New India Car Insurance

The claim slightly depends upon the form of the claim that you have filed. It depends on the damage that is caused because of an accident, theft, natural calamities, man-made calamities or by a third-party. In general, to file a claim, the insured has to inform the company and keep basic documentation in place. Claims can be made with a wider range of cashless garages, where the customer can drive the car or get it towed for repair.

Under the cashless garage, the New India Car insurance company will pay directly to the garage instead of the insured. In the case of reimbursement, the same expenses can be claimed under the New India Car insurance policy. In case of an accident, theft, or bodily injury, a person should keep in mind about informing the police and file an FIR to the nearest possible police station.

Following are the documents that need to be kept in place while making a claim:

Driving LicenseRC BookPolicy DetailsFIR, if required

Cashless Claim Process New India Car Insurance

Let's explore the cashless claim process:

  • Inform the company.
  • Drive the car to the closest network garage.
  • Provide policy details.
  • The payment for the service will be made by New India to the garage.
and

Reimbursement Claim Process New India Car Insurance

Let's explore the reimbursement claim process:

  • Inform the company.
  • Be ready with all bills, invoices and expense documents for submission.
  • Submit the form along with bills.
  • Reimbursement should be made within 7 working days.

New India Car Insurance Review

A car requires an investment of your hard-earned money. And if you decide to invest in it, you plan to use it for a long period of time. That means you have to take good care of it. Fortunately, you can easily hand over that responsibility to your car insurance. Now, there is one confusion. Which policy provider should you use? And the answer is simple, New India Insurance. With quality benefits and a customer trusted brand, you can easily share your queries and bond over the plan which is best suitable for your car.

New India Car Insurance - FAQs

Solatium Fund Scheme was formed by the Central Govt. to offer compensation to the victims of "Hit and Run " motor accident. The amount of compensation is Rs. 25,000/- in the event of death and Rs. 12,500/- for grievous hurt.

The Premium calculation is based on the following factors: Loss or damage to vehicle caused by:

  • IDV of the vehicle
  • Cubic capacity of the vehicle
  • Zone of registration
  • Age of Vehicle

Compulsory excess, Reasonable value of salvage if not surrendered to the insurance company and depreciation.

Coverage period is for a year, however longer duration covers are also available.

It is basically an arrangement under which the insurance companies spread their risk with other underwriters or reinsurance companies called Reinsurance.

There are two policies: Motor Liability Only Policy and Motor Package Policy. For commercial policy, you can invest in commercial specific plans.

As per the Motor Vehicle Act, it is mandatory to have Motor Liability only Policy for covering Third Party liability at least.

Owners' liability towards Third Party Personal Injury and Property Damage.

Yes - In case of Approved Garage

No - In case of any other Garage

It is a special discount that the insured will get for every claim-free year.

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Last updated on 02-01-2020