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New India Assurance Standalone Own Damage Car Insurance

A New India Assurance Standalone Own Damage car insurance is an additional cover that offers financial and legal protection to your car in case of an unforeseen incident such as a road accident. While third-party insurance is mandatory under the law, one can purchase this OD cover from New India Assurance Company for added protection.

Categories	Key Features
Own Damage Cover	Yes
Mandatory	No
No Claim Bonus	Yes
Add-on Covers	Yes
Zero Depreciation cover	Yes
PA Cover	Upto Rs. 15 Lakhs

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Coverage Under New India Assurance Standalone Own Damage Car Insurance

Inclusions
Exclusions

Road accidents, collisions or accidents by any other external means
Damages arising as a result of manmade acts like strikes, riots, etc
Damages sustained by the insured vehicle due to natural disasters like cyclones, earthquakes, hurricanes etc.
Compensation can be availed in case of a total loss due to theft or burglary
Losses arising from fire or explosion are also covered under the own damage insurance for car.

Mechanical or electrical breakdown of the insured car
Depreciation sustained by the insured car
Accidental damages arising out of the mentioned geographical limits
Any third-party liability such as third party death or property damage caused due to the insured four-wheeler
Accidental damages to the insured car as a result of drunk driving
Damages sustained by the insured car when the driver was not carrying a valid driving license.

Add-ons Under New India Assurance Standalone Own Damage Car Insurance

While buying a policy or upon car insurance renewal, you can opt for additional covers, known as add-ons, for an extra premium. For instance, purchasing an Engine Protection add-on can cover your car’s engine in case of any mishap which is not covered under a standard own damage cover.

Some important add-ons offered under New India OD car insurance include:

Zero Depreciation Cover
Engine Protection Cover
NCB Protector
Loss of Personal Belongings
Roadside Assistance Cover
Consumables Cover
Invoice Protect Cover

How to Buy New India Assurance Standalone Own Damage Car Insurance Policy?

Car owners can opt for the own damage cover while purchasing a New India car insurance policy. These are the steps:

Visit Policybazaar.com and select “Car Insurance” from the homepage
Enter your car number on the given form and proceed further
Now select your car’s state and RTO
From the given tables, select your car’s make, model, and registration year
If you already own a third-party insurance, you will be shown a list of own damage car insurance plans to choose from. You can choose a New India OD plan from the list
Select add-ons that you wish to add to your plan
Next, you will be required to furnish some more vehicle-related details
Now make payment as per the chosen payment mode
Once the premium is paid, your New India OD car policy documents will be mailed to you.

Documents Required to Raise New India Assurance Standalone Own Damage Claim

Below mentioned are the documents required to raise a New India own damage car insurance claim:

Duly signed claim form
KYC documents
Copy of own damage car insurance papers
Copy of car’s registration certificate
Bills and estimates of repairs
Copy of Police FIR

FAQs

Q1. How to claim car insurance for New India own damage policy?
Ans: Follow these steps to raise a claim under New India standalone own damage car insurance:
- Inform the insurer about the damages sustained by your car
- A surveyor will be appointed by the insurance company to examine the damages sustained by your car
- Provide the needed documents to the surveyor so that your claim can be verified
- Once the claim is verified, your car will be sent to a network garage for repairs
- After the repairs, the insurer will directly settle the own damage claim with the network garage
Q2. How can I calculate own damage premium before purchasing a policy?

Ans: You can easily calculate OD premium using a Car Insurance Premium Calculator on Policybazaar.com. This tool lets you calculate premium based on your car’s make, model, RTO and registration year.
Q3. Is own damage insurance mandatory in India?

Ans: No, an own damage car insurance is not mandatory in India. However, it can be purchased to get compensated in case you only have the mandatory third party coverage and wish to cover your car as well.
Q4. What is OD and TP in car insurance?

Ans: OD in car insurance refers to own damage policy that covers damages sustained by the insured car due to unanticipated incidents. TP refers to third party insurance which covers third party liabilities such as third party property damages, death and injury to the third party arising out of the insured 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