National Commercial Vehicle Insurance

About National Insurance Company Limited

National Insurance Company Limited was incorporated in 1906 and boasts over 100 years of trust and security. It aims to spread insurance services to untapped areas and make it accessible to all.

With its social schemes and initiatives like 'Insurance On Wheels' It offers doorstep insurance solutions to all. The company sells a wide range of insurance products, such as motor, health, travel insurance, etc.

Key Features of National Commercial Vehicle Insurance

The following table highlights the key features of a commercial vehicle insurance from National Insurance Company Limited:

Benefits of National Commercial Vehicle Insurance

Here are some of the benefits of choosing a National commercial vehicle insurance:

• 3100+ authorized network garages for easy repairs
• 24x7 customer support
• Hassle-free claim process
• Customizations available for a tailored insurance policy

Types of National Commercial Vehicle Insurance

The National Insurance Company Limited offers two types of commercial vehicle insurance policies, which are mentioned below:

• Third-Party Commercial Vehicle Insurance: This type of insurance is also known as a liability-only policy. A third-party commercial vehicle insurance policy only covers third-party, person or property damages. It is an affordable insurance as the premium is decided by the IRDAI, but it does not cover damages caused to the insured vehicle.
• Comprehensive Commercial Vehicle Insurance: A comprehensive commercial vehicle insurance or a package policy, offers an enhanced protection and covers both damages caused to the third-party and the insured vehicle. The premium for this type of policy is slightly higher than a liability-only policy due to the extended coverage. Policyholders can also include add-ons with this type of policy.

National Commercial Vehicle Insurance Add-Ons

Here is a list of available add-ons with commercial vehicle insurance from National Insurance Company Limited:

• Zero Depreciation Cover: The zero-dep add-on ensures that the insurer pays the full amount of replaced and repaired parts while settling an accidental claim without deducting any depreciation costs. However, it is important to note that tyres, tubes, and battery costs are covered at 50%.
• IMT 23 Cover: The IMT 23 add-on cover helps to insure parts that are not covered under a standard comprehensive policy. It helps to cover damages caused to uninsured parts, such as tyres, tubes, bumpers, mudguards, etc., after deducting the applicable depreciation costs.
• Accessories Cover for Electrical & Non-Electrical Fittings: The accessories add-on protects damages caused to additionally-fitted accessories, that are not a part of manufacturer’s initial selling price. Common accessories like fog lamps, AC units, seat covers, carriers, etc., are covered under this add-on.
• Compulsory Personal Accident (PA) Cover: The PA Cover is a compulsory add-on, even with a third-party insurance. It offers coverage of up to ₹15 lakhs as per the IRDAI and covers accidental death or permanent disability of the owner-driver or the paid driver.

How To Buy National Commercial Vehicle Insurance Online?

Use the steps mentioned below to buy or renew National commercial vehicle insurance online:

• Step 1: Visit policybazaar.com
• Step 2: Select "Commercial Vehicle Insurance" option from the products
• Step 3: Fill the form with the vehicle details, such as registration number, make, model, etc.
• Step 4: Select the IDV, policy type, any add-ons, and NCB (in case of renewals)
• Step 5: Pay the premium and make payment via UPI, net banking, or cards
• Step 6: The policy will be instantly sent to the mail ID provided

How To File a National Commercial Vehicle Insurance Claim?

Here are the steps to file a National commercial vehicle insurance claim:

Documents Required to File a National Commercial Vehicle Insurance Claim

The following documents are required to file a claim against a National commercial vehicle insurance:

• Insurance policy
• Registration Certificate (RC)
• Driving License
• Identity Proof
• Vehicle Fitness Certificate
• State and National Permits
• FIR copy (in case of theft or third-party claims)
• Filled and signed claim form
• Final invoice and payment receipts

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