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About New India Assurance Insurance Company
The New India Assurance Co. Ltd is a wholly-owned subsidiary of the Indian Government and is a multinational insurance contributor present in 25 countries and a market leader in the non-life 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. And last but not least, The New India Assurance Co. Ltd is the only insurer that is considered as the direct insurer in India.
Key Features of New India Assurance Car Insurance
| Features | Coverage and Benefits |
| Third-Party Coverage | Yes |
| Claim Settlement Ratio | 93% |
| Personal Accident Insurance | Up to Rs. 15 Lakh |
| Network Garages | 3,000 |
| No Claim Bonus | Yes |
| No. of Zero Dep 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 big network of garages that you can visit for the repairing of your damaged car, and 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 amount in your premium as per the cost.
- The insurance company provides 24*7 assistance to the policyholder.
- The claim settlement ratio of New India Assurance car insurance is 93%.
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 lakhs.
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Comprehensive Car Insurance
The package plan is a comprehensive car insurance policy that provides coverage to the policyholder for their car's own damages along with the third party. Damages from accidents, calamities, fire, and theft are covered under this plan. With this plan, a policyholder can also purchase add-ons to enhance the 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.
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New India Assurance Car Insurance Premium Calculator
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 your budget.
Coverage Under New India Assurance Car Insurance
- Theft: This plan covers the expenses arising out of burglary, housebreaking or theft.
- Fire: The National India insurance plan covers the expenses which are incurred under fire or explosion. self-ignition as well as lighting.
- Malicious Act: The Package plan covers even the malicious act as well.
- Natural Calamities: Natural calamities like earthquakes, cyclones, tornadoes, and hurricanes are covered.
- Accidental Damage: Accidental damages by external means.
- Slides: Landslides or rockslides are covered under the package plan.
- Consequential Loss: The company does not provide coverage for any kind of 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: Any kind of loss or damage caused to the car in a civil war or war-like situation, the insurer will not provide coverage for it.
- Usage Beyond Private Purposes: If the car gets damaged while being used for commercial purposes, then the insurer will not provide coverage for it.
- Usage Beyond Specified Borders: If the car gets damaged beyond the area specified in the policy documents, then the insurer will not provide coverage for it.
- Tyre Damages: The company will not provide coverage for any kind of tyre damage.
- Damage Due to Race: Any loss or damage caused to the car while participating in an organised race.
- Consumable Cost: The insurer will not provide coverage for any of the consumables cost.
- Engine Damage: The insurer will not provide coverage for the damage caused to the engine in a non-accidental case.
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
No claim bonus is like a reward 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%, which you can avail of at the time of renewal.
Return to Invoice Cover
With the return to invoice add-on, the 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 vehicle.
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 more than 5 years old since the day it came out of the showroom.
Roadside Assistance Cover
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.
Personal Belongings Add-on
This add-on provides coverage for 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.
Explore add-ons for your car insurance
Plans starting from @ ₹2,094/year*
Car Insurance
Zero Depreciation Car Insurance
Car Insurance
Compulsory Personal Accident Cover
Car Insurance
Bumper to Bumper Insurance
Car Insurance
No Claim Bonus (NCB) in Car Insurance
Car Insurance
Bundled Policy
Car Insurance
Roadside Assistance Cover
Car Insurance
Return To Invoice
Car Insurance
Multi-Year Car Insurance
Car Insurance
Engine Protection Cover
Car Insurance
Personal Possessions Cover
Car Insurance
Voluntary Deductible in Car Insurance
Car Insurance
Key Replacement Cover
Car Insurance
Daily Allowance Cover
Car Insurance
Tyre Protector Cover
Car Insurance
Rim Damage Cover
Car Insurance
Car Accessories Cover
How to Renew New India Assurance Car Insurance?
New India 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 you can follow to renew the New India insurance policy.
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: Select your car details such as make, model, variant, etc
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 of 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 update your car insurance policy and send it to your registered email ID as well as to your address.
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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 at their end.
2
Take Pictures:
It is suggested to click the pictures of damages as it helps the insurer in the further process.
3
Do Keep your Documents Handy:
To begin the claim process, you have to fill out the claim form and attach the required documents, so it is advised to keep the documents ready to make the claim 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, then the insurer pays for the repair on your behalf. However, if you get your car repaired in a non-network garage, then you have to pay the repair bill, and later on, 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 under:
- Duly filled claim form
- Copy of Driving License
- Certificate of Registration
- Road Tax verification
- Police FIR
- Claim intimation received by the insurer
- An estimate of repairs and a stamped receipt
- Copy of the plan and receipt of payment of premium
- Fitness certificate
- Repair bills done at authorised garages
- Repair bills done at authorised garages
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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.
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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.
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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 the damage caused to the car in natural calamities such as earthquakes, floods, etc.
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Q4: What if I raise a claim after the expiry of the insurance policy, 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.
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Q5: Does New India Assurance assist the policyholder?
Ans: Yes, New India Assurance provides assistance to the policyholder in case they get confused or get stuck during the claiming process.
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