The New India Assurance Co. Ltd is a wholly-owned subsidiary of the Indian Government and is a multinational insurance contributor present in 27 countries and a market leader in the non-life insurance sector in India based from Mumbai.
Strong domestic and international presence, a wide range of insurance plans, effective and advanced technology, integrated complaint management structure are some of the keys to the company’s success. And last but not least The New India Assurance Co. Ltd is the only insurer who is considered as the direct insurer in India.
|Features||Coverage and Benefits|
|Incurred claim ratio||78.20%|
|Personal Accident Insurance||Up to 15 Lakhs|
|No Claim Bonus||Yes|
Here are some of the benefits of the New India Assurance car insurance policy.
New India Assurance car insurance policy offers two types of car insurance plans. They are as follows:
While purchasing the New India Assurance Car Insurance you have the option of calculating the premium amount using the online premium calculator to check if the car insurance plan fits in your budget.
The insurance company offers several add-ons to the policyholder to enhance their coverage. Here is a list of those add-ons:
This 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, as well as batteries.
No claim bonus is like a reward that the insurance company offers to the policyholder for not raising any claim during the policy tenure. The percentage of reward starts from 20% to 50% that you can avail of at the time of renewal.
With this add-on, cover 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 car. However, the insurance company only offers this add-on for cars less than Rs 20 lakh as the invoice price.
This 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 more than 5 years old since the day it came out of the showroom.
In case the insured car gets stuck somewhere while on the road the insurer provides coverage for the roadside assistance required as well as sends them to that location.
This add-on provides coverage for the loss or damage of personal belongings in case of theft or accident. However, the coverage of up to Rs 20,000 is provided plus 20% of the sum insured.
To raise a claim under New India Assurance Car Insurance follow the steps given below:
These documents that are to be submitted at the time of registering a New India Assurance Car Insurance claim are as under:
New India assurance car insurance policy comes with a validity of 1 to 3 years. It is important to renew the car insurance policy before the expiry date to keep on getting the coverage benefits of the policy. Here are the steps that you can follow to renew the New India Assurance car insurance policy.
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 any insurance aggregator’s website.
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 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.
Ans: Yes, the New India Assurance car insurance policy provides coverage against the damage caused to the car in natural calamities such as earthquakes, floods, etc.
Ans: If you raise a claim and the policy expires the insurer will not be liable to provide coverage for it.
Ans: Yes, New India Assurance provides assistance to the policyholder in case they get confused or get stuck during the claiming process.
09 Jan 2023Yes, your comprehensive car insurance policy may cover the damages
03 Jan 2023As per the IRDAI guidelines, all motor insurance sectors including
09 Dec 2022Roadside Assistance is an add-on cover offered with your
06 Dec 2022No, any damage to the nut bolt or any other consumable of your
05 Dec 2022Third-party car insurance is a mandatory cover as per the motor