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New India Assurance Car Insurance
Purchasing a New India Assurance car insurance policy is a good way of protecting your car from any unanticipated events like fire, theft, collision, etc. This car policy by New India Assurance Company also offers third-party coverage along with additional covers like PA Cover, NCB Protect and many more.
About New India Assurance Company
The New India Assurance Co. Ltd is a wholly-owned subsidiary of the Indian Government, a multinational insurance contributor present in 25 countries, and a market leader in the general insurance sector in India, based in Mumbai.
Strong domestic and international presence, a wide range of insurance plans, effective and advanced technology, and an integrated complaint management structure are some of the keys to the company’s success. Last but not least, The New India Assurance Co. Ltd is the only insurer considered a direct insurer in India.
The insurance company ensures that all misfortune events are well covered under its car insurance plans.
Key Features of New India Assurance Car Insurance
| Features | Coverage and Benefits |
| Third-Party Coverage | Yes |
| Claim Settlement Ratio | 95% |
| Personal Accident Insurance | Up to Rs. 15 Lakh |
| Network Garages | 3,000 |
| No Claim Bonus | Yes |
| No. of Zero Dep Claims | 2 |
| No. of Non-ZD Claims | Unlimited |
Benefits of New India Assurance Car Insurance
Here are some of the benefits of the New India Assurance car insurance policy:
- New India Assurance has a large network of garages you can visit to repair your damaged car. They will pay the bill on your behalf, except for the deductibles.
- To enhance your coverage, you can choose from the available add-ons by paying an extra premium per the cost.
- The insurance company provides 24*7 assistance to the policyholder.
- The New India Assurance car insurance claim settlement ratio is 95%
Types of New India Assurance Car Insurance Policy
New India Assurance car insurance offers three types of car insurance plans. They are as follows:
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Liability-Only Car Insurance
A liability-only plan is a third-party car insurance policy that provides coverage to the policyholder for third-party liabilities only. Liability is covered for an unlimited amount with respect to death or injury and damage to third-party property for Rs 7.5 lakh.
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Comprehensive Car Insurance
The package plan is a comprehensive car insurance policy that provides coverage for the car's own damages and third-party liabilities. Damages from accidents, calamities, fire, and theft are covered under this plan. With this plan, a policyholder can also purchase add-ons to enhance its coverage.
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Standalone Own Damage Policy
A standalone OD policy for private cars can be purchased if you already have a third-party policy and want to extend coverage to your own car as well. This plan covers the insured vehicle against damages arising out of unforeseen incidents like theft, fire, road accidents, etc.
New India Assurance Car Insurance Premium Calculator
Before purchasing the New India Assurance car insurance policy, you have the option of calculating the premium amount using the online premium calculator to check if the car insurance plan fits your budget.
Coverage Under New India Assurance Car Insurance
- Theft: This plan covers the expenses arising from burglary, housebreaking or theft.
- Fire: The New India insurance plan covers expenses incurred by fire, explosion, self-ignition, and lighting.
- Malicious Act: The package plan covers even malicious acts such as strikes and riots as well.
- Natural Calamities: Natural calamities like earthquakes, cyclones, tornadoes, and hurricanes are covered.
- Accidental Damage: Accidental damages by external means such as a road accident.
- Consequential Loss: The company does not provide coverage for any consequential loss.
- Wear and Tear: Normal wear and tear of the car is not covered under the New India Assurance car insurance policy.
- Invalid Driving Licence: If the driver of the car is found driving the car without a driving licence at the time of the accident
- Drunk Driving: If the driver was under the influence of alcohol.
- Loss Due to Civil War: The insurer will not provide coverage for any loss or damage to the car caused by a civil war or war-like situation.
- Usage Beyond Private Purposes: The insurer will not provide coverage if the car gets damaged while being used for commercial purposes.
- Usage Beyond Specified Borders: If the car gets damaged beyond the area specified in the policy documents, the insurer will not provide coverage/.
- Damage Due to Race: Any loss or damage caused to the car while participating in an organised race.
New India Assurance Car Insurance: Add-Ons
Zero Depreciation Cover
Zero Dep add-on cover provides coverage against the depreciation amount of your car. 100% coverage
for the metal and plastic parts but 50% coverage for tyres, tubes, and batteries.
No Claim Bonus Cover
The percentage of NCB offered by the insured for not raising a claim during a policy year becomes nullified as soon as you raise a claim. This can be avoided by purchasing an NCB Cover.
This add-on lets you retain your NCB even if you have raised a claim during a policy year. This way, you can keep receiving NCB benefits even after raising a claim.
Return to Invoice Cover
With the return to invoice add-on, the policyholder can get the invoice price for the car after raising a claim, meaning the insurer pays the amount you paid when you purchased the vehicle. This add-on is applicable in case of total vehicle loss.
However, the insurance company only offers this add-on for cars less than Rs. 20 lakh as the invoice price.
Engine and Gearbox Protection Cover
Engine protection add-on cover provides coverage for the engine and gearbox in case of oil leakage as well as the ingress of water.
However, the policyholder cannot purchase this add-on if the car is over 5 years old since it came out of the showroom.
Roadside Assistance Cover
In case the insured car gets stuck on the road, the insurer provides coverage for the required roadside assistance and sends them to that location.
This add-on offers assistance for low fuel, tyre bulge, minor repairs, battery jumpstart, etc.
Personal Belongings Add-on
This add-on covers the loss or damage of personal belongings in case of theft or accident.
However, coverage of up to Rs 20,000 is provided, plus 20% of the sum insured.
How to Renew New India Assurance Car Insurance Online?
New India car insurance policy has a validity of 1 to 3 years. It is important to renew the car insurance policy before the expiry date to keep getting the coverage benefits. Here are the steps to renew the New India insurance policy from Policybazaar.com.
Step 1: Go to the official website of Policybazaar Insurance Brokers Private Limited
Step 2: Select the “Car Insurance” tab from the homepage
Step 3: Enter your car number in the given form
Step 4: The details of your four-wheeler will now be auto-populated.
Step 5: From the given New India Assurance car insurance renewal plans, choose the desired plan along with add-ons and accessories
Step 6: Now you will enter the payment page where you can make the payment for the renewal of your car insurance policy by using a debit/credit card, UPI or net banking.
Step 7: Once the payment is complete, the insurer will renew your New India car insurance policy and send it to your registered email ID and address.
How to File a Claim Under New India Assurance Car Insurance?
To raise a claim under New India Assurance car insurance, follow the steps given below:
1
Inform the Insurance Company:
Make sure to inform your insurer about the mishap so that they can begin with the claim registration process.
2
Take Pictures:
It is suggested that the pictures of damages be clicked as it helps the insurer further process.
3
Do Keep your Documents Handy:
To begin the claim process, you must fill out the claim form and attach the required documents. Therefore, it is advised that the documents be kept ready to make the process quicker.
4
Inspector’s Visit:
Once you have submitted the claim form, the insurer will send a team of inspectors to inspect the loss and damage caused
5
Compensation Provided:
If you get your car repaired in one of the network garages, the insurer pays for the repair on your behalf. However, if you get your vehicle repaired in a non-network garage, you have to pay the repair bill, and later, the insurer provides reimbursement for the paid amount.
Documents Required to Raise a Claim Under New India Assurance Car Insurance
These documents that are to be submitted at the time of registering a New India car insurance claim are as follows:
- Duly filled claim form
- Copy of Driving License
- Certificate of Registration
- Police FIR
- Claim intimation received by the insurer
- An estimate of repairs and a stamped receipt
- Fitness certificate
- Repair bills done at authorised garages
Car Insurance for Popular Brands in India
FAQs
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Q1. Is it possible to purchase the New India car insurance policy online?
Ans: Yes, you can easily purchase a New India Assurance car insurance policy online. You either have to visit the insurance company’s official website or purchase a policy after comparison from Policybazaar.com. -
Q2. Is it a good idea to purchase an add-on?
Ans: Yes, it is suggested to purchase an add-on, but only if you feel the need to purchase it. If you feel the need and do not want to bear the payment of the depreciated amount, then you can purchase the zero-depreciation add-on cover to protect you against it. -
Q3. Does the New India Assurance car insurance policy provide coverage against the damage caused to the car in a natural calamity?
Ans: Yes, the New India Assurance car insurance policy provides coverage against damage to the car caused by natural calamities such as earthquakes, floods, etc.
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Q4. If I raise a claim after the insurance policy expires, will the insurer provide coverage for it?
Ans: If you raise a claim and the policy expires, the insurer will not be liable to provide coverage for it. -
Q5. Does New India Assurance assist the policyholder?
Ans: Yes, New India Assurance provides assistance to policyholders in case they get confused or stuck during the claiming process.
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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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