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About National Insurance Company
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.
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 | Unlimited |
Benefits of National Car Insurance
National car insurance offers multiple benefits to its policyholders. Some of these are:
- National car insurance 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 also covers towing charges as part of their package car policy.
- To enhance the coverage of a car insurance policy, the company also 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
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.
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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 in case the insured car has met with an unforeseen contingency. These include road accidents, fire, theft, natural calamities and more.
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Annual Package Policy
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.
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National Car Insurance Premium Calculator
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.
Coverage Under National Car Insurance
- Fire and Explosion: Damages caused due to 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 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: Any legal liabilities of the policyholder arising out of causing property damage and bodily injuries to a third-party person by the insured car will be covered. It also provides coverage in case the insured car causes the death of a third-party person.
- Accidental Damage: Damages arising due to an accident 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 wear and tear of the car.
- 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 mechanical and electrical breakdown of the car 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 be not 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: In case a war or warlike situation results in causing major loss or damages to the insured car, then, 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 being used for non-personal or commercial use and ends up suffering a loss or damage, then 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 tubes, tyres and batteries of the insured vehicle.
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 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 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.
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.
Explore add-ons for your car insurance
Plans starting from @ ₹2,094/year*
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Roadside Assistance Cover
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Return To Invoice
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Engine Protection Cover
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Personal Possessions Cover
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Voluntary Deductible in Car Insurance
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Key Replacement Cover
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Daily Allowance Cover
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Tyre Protector Cover
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Rim Damage Cover
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Car Accessories Cover
How to Renew National Insurance Car Insurance?
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.
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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 to register the claim.
2
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.
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 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.
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
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FAQs
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Q1: What is the validity of a National car insurance policy?
Ans: National car insurance will be issued with one-year validity and will have to be renewed every year. However, cars purchased post 1st September 2018 can be covered for three years under the bundled policy. -
Q2: Do I get 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 National car insurance online?
Ans: Yes. You can renew your national car insurance online by filling up the renewal form with the required details. Once you pay the premium amount quoted, your car insurance policy will be renewed. -
Q4: Is car insurance by National car insurance good?
Ans: Finding a car insurance company good is subjective and depends on a person’s personal 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.
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Q5: Does National car insurance come with any compulsory deductibles?
Ans: Yes. National car insurance policies come with a compulsory deductible of Rs 1000 for cars up to 1500 CC and Rs 2000 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 car will be re-inspected by the National Insurance Company.
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