New India Car Insurance

New India Car Insurance

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New India Assurance

New India Insurance Co. Ltd. was incorporated on 23rd July 1919; established by the House of Tata founder member- Sir Dorab Tata. The organization nationalized in 1973 with the merger of Indian companies. NIA is the largest general insurance company in India on the basis of the gross premium collection inclusive of overseas operations. It is the first Indian non-life company to reach Rs. 14304 Crore gross premium. The Company has operations in foreign countries like Japan, U.K, Middle East, Fiji and Australia. Earlier it was a subsidiary of the General Insurance Corporation of India (GIC).

Motor insurance is a compulsory document that vehicle owner should carry while driving. It is essential in India to have motor insurance as per the Indian law. Anyone who drives without an insurance policy has to pay heavy penalties. It provides financial protection to the vehicle against any emergency.

Importance of Having A New India Motor Insurance

Your motor vehicle is your second most precious and expensive asset after your home and considering the present work conditions and travel time required to reach the office, the vehicle proves to be your second home since you spend so much time traveling in it. When a vehicle 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 vehicle in return? It is anyways mandatory in India to have a motor 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. A motor insurance protects your finances and provides the coverage in the event of such accidents. A comprehensive motor insurance plan helps you in protecting your vehicle from financial liabilities or loss.

Getting your vehicle insured and renewing the existing one on time is very essential. When it comes to renewing an existing motor insurance policy, it is important that you 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 of 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 motor insurance policy comparison that helps you in choosing the cheapest motor insurance online.

Add-on covers on New India Car Insurance

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 motor insurance policy. Once this period is over, you will be required to renew your motor insurance policy before it expires.

When you are renewing your existing motor insurance policy you should look for a great deal for the same. Sometimes, the cost of the renewal goes higher if your motor is unable to meet the basic requirements of the motor insurance policy at the time of renewal. This makes it very important to remember the date of motor insurance renewal. You can check the same online and offline as well. By comparing the available motor insurance policies, you can easily get the cheapest motor insurance policy online.

Once your policy lapses due to non-renewal, then you may be required to purchase a new motor insurance policy in order to comply with the law. You may even be required to pay a fine depending on the days for which the motor was not insured.

Driving without a motor insurance policy can be a risky thing as you may end up paying all the penalties and the cost of damages that may occur because of an accident apart of getting penalized by the traffic authorities for non-compliance of the law.

Therefore, it is really important to renew your existing motor insurance policy on time for avoiding troubles that you can face in the future. Also, try to make sure that you are getting the sufficient coverage and the best deal for the same.

Types of New India Car Insurance Plans

New India Assurance is offering a wide range of effective and helpful motor insurance products that will cover all of your basic needs. It includes all those features that a Motor insurance plan should have.

Car Insurance

Under this plan, you will get two types of coverage – Liability and package coverage. Both will assist you in their ways.

  • Liability only policy. This covers third party liability for bodily injury liability and / or death and property damage. Personal Accident cover for Owner-driver is also included.

  • Package policy. This cover loss or damage to the vehicle insured in addition to liability cover.

Commercial Vehicle

This policy covers all types of commercial vehicles plying on public roads.

  • Liability only policy. This covers third party liability for bodily injury liability and / or death and property damage. Personal Accident cover for Owner-driver is also included.

  • Package policy. This cover loss or damage to the vehicle insured in addition to liability cover.

New India Assurance-Features and Benefits

Customer support team – Well, one of the best features of National Insurance is a well-trained customer service team which will always be there to clear all doubts and queries. It will also help the policyholder to make claims, apply for a policy or renew the same.

Discounts- Those people who are embers of the Automobile Association of India will be eligible for special discounts. Apart from this, policyholders can also take advantage of no claim bonus discount. Those who have anti-theft devices will also be eligible for an additional discount.

Hassle-free claim settlement- Claims will be settled in a speedy manner without any hassles. The process of initiating a claim during an emergency situation is also very convenient.

Inclusion & Exclusion on New India Car Insurance

Inclusions Exclusions
Loss or damage caused because of :
  • Fire, explosion & self-ignition
  • Natural calamities such as floods, storms, landslides, earthquakes, rockslides, hurricanes, lightning
In case where the insured uses the vehicle contrary to mandated instructions
Loss that occurs because of theft, robbery, and other manmade calamities such as strike, riots, terrorist activities, accidental external damage Accident due to intoxication
Damage that occurs because of travel by road, air, elevator, inland waterway Damage due to own negligence
Third-party liability in cases of injury, death or damage Mechanical or electrical breakdown
Personal accident cover Loss due to nuclear risks
Loss occur because of electrical or non-electrical accessories War related risks
Legal liability to passengers who do not pay fares Consequential loss
Contractual liability
Loss of accessories by theft
If used/driven outside geographical area

Easy Steps To Apply New India Car Insurance Online

  • Log on to the 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 then you can always call on the toll-free number.

Why New India Car Insurance

  • Government owned

  • Easy purchase online

  • Instant renewal

  • Host of discounts

  • No claim bonus

  • Wide range of add-on covers

Add-on covers on New India Car Insurance

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

Zero depreciation

It will also allow the policyholder to cover the loss that takes place because of the depreciation of the vehicle in concern 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 till the car is 3 years old. It will basically 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 which are there in the car at the time of an accident or an unfortunate can be claimed under this. Personal belongings such as cell phones, laptops, pieces of clothing, jewelry, keys etc. A maximum amount of Rs.20,000 can be claimed under this cover option.

Claim Process New India Car Insurance

The claim slightly depends upon the form of the claim that you 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 have to inform the policyholder and keep basic documentation in place. Claims can be made with the wider range of cashless garages, where the customer can drive the car or get it towed for repair.

Under the cashless garage, the insurance company will pay directly to the garage instead of the insured. In case of reimbursement of the same expenses can be claimed under the 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 license

  • RC book

  • Policy details

  • FIR, if required

Cashless Claim Process New India Car Insurance

Let’s explore the cashless claim process:

  • Inform the insurance 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

Reimbursement Claim Process New India Car Insurance

Let's explore the reimbursement claim process:

  • Inform the insurance 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 - Faq's

1. What are the policies available for covering the vehicles?

There are two policies: Motor Liability Only Policy and Motor Package Policy.

2. Is it mandatory to have insurance for plying vehicles in the public place?

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

3. What is covered under Liability Only Policy?

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

4. What is the amount I have to bear?

Compulsory excess, Reasonable value if not surrendered to insurer and depreciation.

5. What is "No Claim Bonus"?

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

Contact Address

The New India Assurance Company Limited
New India Assurance Bldg. 87, M.G. Road, Fort, Mumbai 400 001.
Tel: 022-22674617 - 22, Fax: 022-22652811

New India Car Insurance News

New India Assurance Settle Vehicle Claim Within Few Days

Tuesday October 23, 2018

New India Assurance with its online car insurance products can facilitate claim settlement within a few days. It is easily available on any of the comparison sites. You can easily check its price and buy the policy through online payment. Policy can be received within a few seconds in your inbox.

They provide a unique login to its customers. As soon as you log in you can access your customized dashboard. You just need your policy number or unique id and date of birth for the login. In order to proceed further, you need to enter your policy number and it’s expiry date. For raising the claim you can fill a form online, and the claim is settled within a few days.

Monday November 30, -0001

Monday November 30, -0001

Customer Reviews

Nikhil, Jalandhar
- Reviewed On 09-04-2018
"Fast Process"

In few minutes I renewed my car insurance on online portal of New India Car insurance. super fast service.

Neha, Jaipur
- Reviewed On 17-04-2018
"Good Policy"

The policy comes with accidental coverage and third-party coverage. I have to renew the policy every year.

Neeraj, Indore
- Reviewed On 16-05-2018
"Car Insurance with New India"

I am paying a premium of 10000 rs. I never faced any issues with the policy and their services. good work.

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Aggregate Rating for The New India Assurance Company Limited Insurance    [ 3  ]

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