Being India's oldest general insurance company, National Insurance Company Limited was incorporated in Kolkata in 1906. It is among one of 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 car insurance plans. Moreover, they are also known for their quick settlement of claims.
|Features||Coverage and Benefits|
|Claim Settlement Ratio||93%|
|Personal Accident Insurance||Up to Rs. 15 Lakhs|
|No Claim Bonus||Yes|
|No. of Zero Dep Claims||Unlimited|
National car insurance offers multiple benefits to its policyholders. Some of these are:
National motor insurance offers three major types of private car insurance plans. They are:
National Car Insurance Annual Liability Only policy covers a policyholder against any legal liabilities arising out of 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.
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 in case the insured car has met with an unforeseen contingency. These include road accidents, fire, theft, natural calamities and more.
The Annual Package policy by the National Insurance Company provides comprehensive protection to an insured car by covering third party liabilities as well as any loss or damages sustained by the insured car. It covers own damage of the car arising due to collisions, disasters, theft, manmade unrest or fire, etc. It also covers any accidental injuries or death of the owner-driver of the car.
Moreover, this policy can also be enhanced by purchasing add-ons at an extra premium amount.
Before purchasing a National motor insurance policy, you can also calculate an estimated premium by using the car insurance premium calculator. This will allow you to find out if the policy fits into your budget or not.
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 tubes, tyres and batteries of the insured vehicle.
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.
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 even after making a claim.
By purchasing an Engine Protect cover, you can cover any loss or damage sustained by your car’s engine or its parts due to water ingression, flood or inundation.
In addition to this, the cost of consumables used during repairs will also be covered by National car insurance.
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.
Renewing a National car online is a quick and easy process. Follow the steps given below for National 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: From the mentioned plans, find the National Insurance car insurance plan to be renewed. You can also check policy details here.
Step 6: You can select your preferred add-ons and then select the plan.
Step 7: Select 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 online 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.
Follow the steps mentioned below to file a claim under a National motor insurance policy:
Report the Incident
Immediately inform the National Insurance Company about the incident to register the claim.
Carry Relevant Documents
Fill out the National car insurance claim form and attach the required documents. Make sure to carry all the relevant documents with you while registering the claim.
An IRDAI licensed surveyor appointed by the company will inspect your car to estimate the loss and damage incurred by the vehicle.
If your car is repaired in an authorised network garage, then your insurer will pay for the cost incurred for repairs. In the case of non-network garages, you will first have to pay the bill garage bill, and the insurer will reimburse the bill amount later.
To raise a claim under National motor insurance, make sure to carry the documents mentioned below:
07 Dec 2023If you are planning to buy an SUV car, it is also essential that
05 Dec 2023Investing in a hatchback can be a great option if you are looking
29 Nov 2023Considering the population of rats in our country, it is common to
29 Sep 2023The concept of Own Damage(OD) is not a new one. For those of us
29 Sep 2023Filing a motor insurance claim can be a complex process, and