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.
|Features||Coverage and Benefits|
|Claim Settlement Ratio||93%|
|Personal Accident Insurance||Up to Rs. 15 Lakh|
|No Claim Bonus||Yes|
|No. of Zero Dep Claims||Unlimited|
Here are some of the benefits of the New India Assurance car insurance policy:
New India Assurance car insurance offers three types of car insurance plans. They are as follows:
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.
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.
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.
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.
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 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.
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 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.
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.
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.
To raise a claim under New India Assurance car insurance, follow the steps given below:
Inform the Insurance Company:
Make sure to inform your insurer about the mishap so that they can begin at their end.
It is suggested to click the pictures of damages as it helps the insurer in the further process.
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.
Once you have submitted the claim form, the insurer will send a team of inspectors to inspect the loss and damage caused
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.
These documents that are to be submitted at the time of registering a New India car insurance claim are as under:
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.
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.
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.
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