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National Car Insurance
National car insurance covers your car from third-party legal liabilities and own damages that may arise due to unwanted incidents such as an accident, fire or theft. The policy is offered by the National Insurance Company, the oldest general insurance company offering economical car insurance solutions in India.
About National Insurance Company
Being India's oldest general insurance company, National Insurance Company Limited was incorporated in Kolkata in 1906. It is among the four subsidiaries of the General Insurance Corporation of India, which is fully owned by the Indian Government.
National Insurance Company aims to build relationships with its customers by offering a wide range of insurance products for motor insurance and other insurance sectors. The company has been serving car owners for years with its distinct car insurance plans. Moreover, it is also known for its quick claim settlement.
Key Features of National Car Insurance
| Features | Coverage and Benefits |
| Third-Party Coverage | Yes |
| Claim Settlement Ratio | 93% |
| Personal Accident Insurance | Up to Rs. 15 Lakhs |
| Network Garages | 3,100+ |
| No Claim Bonus | Yes |
| No. of Zero Dep Claims | 2 |
| No. of Non-ZD Claims | Unlimited |
Benefits of National Car Insurance
National car insurance offers multiple benefits to its policyholders. Some of these are:
- National Insurance car insurance policy offers a faster claim settlement with its 24*7 customer support service.
- The company provides cashless claim settlement services in over 3,100 authorised network garages across India.
- National vehicle insurance covers towing charges as part of their package car policy.
- To enhance the coverage of a car insurance policy, the company offers several add-ons at an additional premium.
- The company also offers a No Claim Bonus discount on motor insurance renewal.
- National Insurance Company provides Personal Accident Cover to the policyholders as well.
Types of National Car Insurance Policy
National motor insurance offers three major types of private car insurance plans. They are:
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Annual Liability Only Policy
Annual liability-only policy covers a policyholder against any legal liabilities arising from third-party claims. It provides coverage for the car owner’s liabilities arising due to bodily injuries or the death of a third party person. It also covers the liabilities of the car owner for causing property damage to a third party.
While liability coverage for causing property damage is limited to Rs. 7.5 lakh, there is no set coverage limit for liabilities arising out of the death or bodily injuries of the third party. This policy excludes covering the insured car against any damage.
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Stand Alone Private Car Own Damage Policy
A standalone own damage private car policy can be purchased alongside a third party car insurance to cover own damages sustained by the insured car. This car policy provides coverage if the insured car has met an unforeseen contingency. These include road accidents, fire, theft, natural calamities and more.
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Annual Package Policy
The Annual Package policy provides comprehensive protection to an insured car by covering third-party liabilities and any loss or damages sustained by the insured vehicle. It also covers the car's own damage arising from collisions, disasters, theft, manmade unrest, fire, etc.
It also covers any accidental injuries or death of the car's owner-driver.M oreover, this policy can also be enhanced by purchasing add-ons at an extra premium.
National Car Insurance Premium Calculator
Before purchasing a National motor insurance policy, you can calculate an estimated premium using the car insurance premium calculator. This will allow you to find out if the policy fits into your budget or not.
Coverage Under National Car Insurance
- Fire and Explosion: Damages caused by fire, shock, self-ignition, lighting, and explosion are covered.
- Theft: Any damage sustained by the insured car arising due to theft, housebreaking or burglary is included.
- Natural Calamities: Natural disasters, such as earthquakes, floods, landslides, cyclones, storms, hailstorms, etc., causing damages to the insured car
- Manmade Calamities: Manmade calamities, such as riots, strikes, etc., are included in the National Insurance car insurance plan.
- Terrorist Act: Any damage sustained by the insured car due to terrorist activity is included under a National car insurance plan.
- Third-Party Legal Liabilities: The policyholder's legal liabilities arising out of the insured car causing property damage and bodily injuries to a third-party person will be covered. It also provides coverage in case the insured vehicle causes the death of a third-party person.
- Accidental Damage: Damages arising from an accident or via external means, such as a collision, are covered.
- Towing Charges: In case of an accident, any charges incurred by the policyholder for towing the damaged car from the accident spot to the garage.
- In-transit Damages: Damages incurred by the insured car during transit by air, rail or waterways are covered.
- Wear and Tear: A National motor insurance policy does not cover any loss or damages resulting from normal car wear and tear/depreciation.
- Invalid Driving Licence: Any loss to the insured car while driving with an invalid driving licence is excluded.
- Mechanical & Electrical Breakdown: Any loss or damages incurred due to the car's mechanical and electrical breakdown will not be covered.
- Consequential Loss: National Insurance car insurance does not cover any loss or damages caused to the insured car as an indirect consequence of a covered contingency. For example, any damages caused to the car tyres while being towed from the accident spot to the garage will not be covered.
- Drunk Driving: Damages sustained by the insured car while the driver was drunk or under the influence of drugs are excluded from the National insurance policy.
- War or Allied Perils: If a war or warlike situation results in significant loss or damage to the insured car, unfortunately, the insurance company will not compensate for it.
- Contractual Liabilities: National car insurance will not pay for any liabilities arising out of any contractual work involving the insured car.
- Commercial Use: If the insured car is used for non-personal or commercial purposes and suffers a loss or damage, the insurance company will not pay for it.
National Car Insurance: Add-ons
Nil Depreciation Cover;
The Nil Depreciation cover compensates a policyholder for the depreciation incurred by the insured car over time.
This add-on cover provides 100% coverage for plastic and metal parts while 50% coverage for the insured vehicle's tubes, tyres and batteries.
Invoice Protect Cover
Under Invoice Protect cover, the National car insurance will pay the policyholder a sum equal to the difference between the IDV and the current invoice price of the car.
Return to invoice add-on works if there is a total loss or total theft of the insured car.
NCB Protect Cover
The NCB Protect cover allows you to protect your No Claim Bonus discount even if you have previously made a claim during your policy tenure.
With this add-on cover, you do not lose your NCB reward even after making a claim.
Engine Protect Cover
By purchasing an Engine Protect cover, you can cover any loss or damage sustained
by your car’s engine or parts due to water ingression, flood or inundation.
Nil Depreciation Plus Cover
The Nil Depreciation Plus cover adds an extra benefit to the Nil Depreciation cover by paying the policyholder the amount of depreciation
deducted on the value of parts replaced and material component of painting charges in case of a partial loss claim of the insured car.
How to Renew National Insurance Car Insurance?
National insurance renewal online is a quick and easy process. Follow the steps given below for National Insurance car insurance renewal online:
Step 1: Visit the official website of Policybazaar Insurance Brokers Private Limited
Step 2: Select the “Car Insurance” tab from the homepage of the website
Step 3: Now fill in the required details and proceed forward
Step 4: Enter your policy expiry date and previous claim status
Step 5: Find the desired National Insurance car insurance plan to be renewed from the mentioned plans. You can also check policy details here.
Step 6: Select your preferred add-ons and then select the car plan.
Step 7: Choose the No Claim Bonus discount and proceed.
Step 8: Fill out the proposal form and proceed to payment.
Step 9: Now make the payment for the National Insurance car policy renewal using your preferred payment method.
Step 10: Once the payment is complete, your motor insurance policy will be renewed. Your National Insurance car insurance renewal documents will be sent to your registered email address.
How to File a Claim Under National Car Insurance?
Follow the steps mentioned below to file a claim under a National motor insurance policy:
1
Report the Incident
Immediately inform the National Insurance Company about the incident so they can register the claim.
2
Carry Relevant Documents
Fill out the National car insurance claim form and attach the required documents. Ensure you carry all the relevant documents while registering the claim.
3
Vehicle Inspection
An IRDAI-licensed surveyor appointed by the company will inspect your car to estimate the loss and damage incurred by the vehicle..
4
Claim Approved
If your car is repaired in an authorised network garage, then your insurer will pay for the repair cost. In the case of non-network garages, you will first have to pay the garage bill, and the insurer will reimburse the bill amount later.
Documents Required to Raise a Claim Under National Car Insurance
To raise a claim under National motor insurance, make sure to carry the documents mentioned below:
- Copy of Registration Certificate
- Copy of valid driving licence
- Estimate of repairs
- Copy of permit
- Copy of fitness certificate
- Car insurance papers
- Copy of Police FIR
- Duly filled claim form
Car Insurance for Popular Brands in India
FAQs
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Q1. What is the validity of a National car insurance policy?
Ans: National car insurance will be issued with a one-year validity and must be renewed yearly. However, cars purchased after 1 September 2018 can be covered for three years of TP and 1 year of OD cover under the bundled policy. -
Q2. Do I get a No Claim Discount on renewal?
Ans: Yes. National car insurance will provide no claim discount on renewal for every claim-free year. The discount can be accumulated to a maximum of 50% if no claims are made for 5 consecutive years. -
Q3. Can I renew my National car insurance online?
Ans: Yes. You can renew your national car insurance online by filling out the renewal form with the required details. Once you pay the premium amount quoted, your car insurance policy will be renewed.
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Q4. Is car insurance by National car insurance good?
Ans: Finding a good car insurance company is subjective and depends on a person’s choice. You can compare National car insurance with other motor insurance companies in India based on coverage, premium, incurred claim ratio, etc. You can easily compare different car insurance companies on Policybazaar.com and choose the one that suits your requirements. -
Q5. Does National car insurance come with any compulsory deductibles?
Ans: Yes. National car insurance policies come with a compulsory deductible of Rs 1,000 for cars up to 1500 CC and Rs 2,000 for cars above 1500 CC. -
Q6. Can I renew my lapsed National car insurance policy?
Ans: Yes, you can renew your expired/lapsed four-wheeler insurance policy. However, before the renewal, the National Insurance Company will re-inspect the car.
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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.