New India Assurance Car Insurance

Purchasing a New India Assurance car insurance policy is a good way of protecting your car from any unforeseen damage. You invest a big amount when you purchase a car, hence it becomes one of the valuable assets of a person, it becomes the responsibility of the owner to keep it covered from any unforeseen, unwanted expenses coming out of an accident.

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Compare & Save upto 85%* on Car Insurance

Cashless garages3000

Plans starting @₹ 1994

Claim settlement ratio

Claim settlement ratio 90%

*TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

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 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.

Key Features of New India Assurance Car Insurance

Features Coverage and Benefits
Third-Party Coverage Yes
Incurred claim ratio 78.20%
Personal Accident Insurance Up to 15 Lakhs
Network Garages 456
No Claim Bonus Yes

Benefits of New India Assurance Car Insurance

Here are some of the benefits of the New India Assurance car insurance policy.

  • New India Assurance third-party car insurance policy provides coverage for up to Rs 7.5 Lakh.
  • The insurance company also provides personal accident cover to the policyholder.
  • The company provides financial aid to the third party for the damage of their vehicle, property as well as medical liabilities.
  • 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 90%.

Types of New India Assurance Car Insurance Policy

New India Assurance car insurance policy offers two types of car insurance plans. They are as follows:

  • Liability Only: 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 of death or injury and damage to third party property for Rs 7.5 lakhs under Commercial Vehicle and private and Rs 1 lakh for Scooters/ Motor Cycles.
  • Package Plan: The package plan is a comprehensive car insurance policy that provides coverage to the policyholder for their own damages along with the third party. With this plan, a policyholder can purchase add-ons to enhance the coverage.
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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 in your budget.

Coverage Under New India Assurance Car Insurance

  • Burglary, Housebreaking or Theft: This plan covers the expenses which are uncured under burglary, housebreaking or theft.
  • Fire, Explosion, Self-Ignition or Lighting: This plan covers the expenses which is uncured under fire, explosion. Self-ignition as well as lighting.
  • Malicious Act: The Package Plan covers even the malicious act as well.
  • Terrorist Act: The Package Plan covers the human activity of the Terrorist Act also.
  • Earthquake & Fire: Both earthquake and fire are treated as the most common phenomenon in a life cycle and hence this plan covers these two important unpleasant incidents also.
  • Accidental Damage: Accidental by external means.
  • Natural Calamity: Natural calamities like floods, typhoons, hurricanes, storms, cyclones, hailstorms, tempests and Inundation are also covered under this plan.
  • Slides: Landslide or Rockslide 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.
  • Driving with Invalid Driving License and with Consumption of Alcohol: If the driver of the car is found driving the car without a driving license or under the influence of alcohol when the accident took place that led to the damage of the car or the passenger’s injury then the insurer will not provide coverage for it.
  • 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 and Limits: 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 organized 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

The insurance company offers several add-ons to the policyholder to enhance their coverage. Here is a list of those add-ons:

  • Zero Depreciation Cover

    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 Cover

    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.

  • Return to Invoice Cover

    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.

  • Engine and Gearbox Protection Cover

    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.

  • Roadside AssistanceCover

    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

    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.

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:

  • Inform the Insurance Company: Make sure to inform your insurer about the mishap so that they can begin at their end.
  • Take Pictures: It is suggested to click the pictures of the damage as it helps the insured in the further process.
  • Keep Your Documents Handy: To begin the process of claiming you have to fill the claim form and attach the required documents so it is advised to keep the documents ready to make the claiming process quicker.
  • 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 and once they make provide financial coverage for the repairing of the car.
  • Compensation Provided: if you get your car repaired in one of the network garages then the insurer pays for the repairing on your behalf however, if you get your car repaired in a non-network garage then you have to pay the repairing bill and later on insurer provides reimbursement for the paid amount.

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Documents Required to Raise Claim Under New India Assurance Car Insurance

These documents that are to be submitted at the time of registering a New India Assurance 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 from the repairer.
  • Copy of the plan and receipt of payment of premium.
  • Fitness certificate.
  • Repair bills done at authorized garages.

How to Renew New India Assurance Car Insurance?

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.

  • Step 1:Go to the official website of Policybazaar Insurance Brokers Private Limited
  • Step 2:Fill in the policy number to access your account
  • Step 3:You can add or remove any add-on as per your needs
  • Step 4:The insurance premium amount will increase or decrease as per the addition or removal of any of the add-on
  • Step 5:Now you can click on the “Renew” button
  • 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 house.

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New India Assurance Car Insurance Reviews & Ratings

4.5 / 5 (Based on 57 Reviews)
(Showing Newest 10 reviews)
Rudar
Nagpur, December 08, 2021
Less paperwork
Earlier I used to think that buying a policy takes a lot of time and paperwork but when I went to Policybazaar for car plan, an executive told me that I do not have to do much paperwork and can easily buy the plan. i bought new India car plan from policybazaar.
Dev
Chamba, November 26, 2021
Renewal is easy
I did not have much knowledge of policy. I contacted the customer care of Policybazaar to know about the documents required for renewal and the executive told me that the renewal process does not require any paperwork and I renewed my car policy easily.
Pashu
Lucknow, November 10, 2021
Problem resolving
I am using new india assurance car Insurance which i had taken from Policybazaar and sometime back I was facing some issue for which I contacted customer care. I must say that the staff of Policybazaar is very good in customer management. i got the solution in a single conversation
Sonakshi
Shimla, November 02, 2021
Cashless repair
Last year I bought New India Assurance Car Insurance from Policybazaar. I had a minor accident sometime back and my policy helped me get cashless repairs for my insured car and as it had coverage for the driver, so i got cashless treatment as well
Mehar
Gandhinagar, October 07, 2021
No claim bonus
Last week i was renewing my new india assurance car insurance which i had taken from Policybazaar and while renewing i got no claim bonus as i did not raised any claim request. Policybazaar provided me too good service.
Yagnesh
Mangalore, September 08, 2021
Good service
I recently bought a new car and a friend of mine suggested me to insure my car. after searching a lot, i connected with Policybazaar and got the New India assurance car insurance from here. they provided me very good service.
Manmohan
Gwalior, August 30, 2021
Best deal
I am glad that i have chose policy Bazaar for my car insurance. Expenses go very high in case of accident, keep that in my mind i have bought New India assurance car insurance from the website of policy Bazaar. i got the best deal under my budget.
Mahesh
Mirzapur, August 27, 2021
Low premium
Thank you Policy Bazaar for providing me such an amazing facilities under my New india assurance car insurance plan. Premium was in my budget and got high coverage. I am really happy with my plan. Anyone who is planning to buy a plan, should visit the policy bazaar at least once
Hina
Rajkot, August 25, 2021
High coverage
i went through many plans then i decided to choose car insurance plan which was in my budget and giving me high coverage at low premium. I got coverage against any loss or damage to the insured car.
Devang
Bettiah, August 18, 2021
claiming is easy
i recently met with an accident and i got the claim easily. i had taken the new India car insurance policy from the policy bazaar. To know about claiming process, i contacted to policy bazaar and they guided me very well.claiming was easy.