New India Assurance Two Wheeler Insurance

New India Assurance can be a good option for anyone looking for two wheeler insurance. In regard to insuring a new or an old vehicle, the coverage offered under New India two wheeler insurance is extensive in nature. With New India Assurance bike insurance, the insured can protect the vehicle against third party liabilities and those unwanted expenses arising out of accidental damages, expenses up to the value of the bike in case of a total loss, or damages due to man-made and natural calamities.

New India Assurance Two-wheeler Insurance Key Features

Here are the advantages of buying this policy-

  • It offers both comprehensive and third-party bike insurance cover
  • The company offers insurance cover to financed two-wheelers
  • Easy online purchase
  • Insurance cover is offered to vehicles not older than 15 years

Eligibility Criteria

Only RTO registered two-wheelers can buy a bike insurance policy from New India Assurance company.

Sum Assured

IDV of the vehicle determines the sum assured of a vehicle insurance policy. The amount that you get on your bike insurance policy will be based on the IDV i.e. the manufacturing rate of the bike/ scooters as fixed by the two-wheeler’s manufacturer.

IDV of a two-wheeler lesser than five years old or of an outdated model is mutually settled between the policyholder and the insurer.

No-Claim-Discount

For all the claim-free years you can earn an NCB ranging anywhere between 20 and 50 per cent.  The NCB varies based on the number of years that you have not filed a claim and the type of the insured vehicle.

What is covered in a New India Two-wheeler Insurance Plan?

The company provides both comprehensive and third-party insurance plans. Here’s a quick rundown of the coverage that is offered-

    • Third-party Two Wheeler Insurance: The insurer will compensate for the loss in the event of bodily injuries, accidental death of a third-person, or third-party property damage. Bike insurance also recompenses the damage caused to the driver/owner in the event of accidental damage. However, there is no upper limit on liabilities arising due to third-party death or bodily injuries. 
    • Comprehensive Two Wheeler Insurance: Buy this plan to cover both third-party damages as well as your own two-wheeler damages. The policy will cover the damages resulting due to-
      • Collision or Accident
      • Burglary, theft, and housebreaking
      • Flood, storm, cyclone, earthquake etc.
      • Malicious Acts
      • Damage during the transit

The insurer also provides towing assistance up to 300 rupees. However, you can increase the limit by shelling out some extra premium.

Optional Covers

New India also offers Road Safety Insurance or Raasta Aapatti Kavach policy. It recompenses the hospitalization costs in case of accidental injuries. 

It offers coverage in case of personal accident damage and the limit is up to Rs. 15 Lakh.

Add-on Coverage

Just by shelling out some extra premium you can get-

      • Accessories cover
      • Coverage for co-passengers (commercial vehicles)
      • Personal accident coverage to passengers including driver and employees

What is not covered in a New India Assurance Two-wheeler Insurance Plan?

You will not get compensation for claims arising out of the following circumstances-

      • Riots and war conditions
      • Normal wear & tear
      • Any kind of consequential loss
      • Contractual liabilities
      • Driving without a DL
      • Driving the two-wheeler after consumption of liquor
      • Usage of insured bike beyond the specified limit

Compare Two Wheeler Insurance Online

Before buying a bike insurance plan, remember to compare your bike insurance online based on the make and model, date of purchase, the place of registration among other details. You can start comparison by entering your email id and mobile number.

Firstly, you will decide the coverage you want to opt for i.e. comprehensive or third-party insurance. Furthermore, you can check the optional covers if the need be.

The premium of your bike insurance will be calculated on the basis of the choices made by you. Once you have made the decision, you can purchase the plan.

New India Assurance Two Wheeler Insurance Renewal

The company follows a simple and hassle-free renewal process. You can policy purchased from another insurance company as well.

However, for quick online renewal, the steps are listed below-

        • Enter the Customer ID
        • Enter the last policy number
        • Renewed Insurance Quote No.
        • After submitting all the required details, just save your New India Assurance bike insurance quotation and proceed
        • After finalizing, select the online payment and pay online via debit card, net banking, or credit card.
        • On completion of the payment, your policy will be emailed to you.

Claim Procedure for New India Assurance Two-wheeler Insurance

While filing a claim for your New India two wheeler insurance policy, follow the below-mentioned procedure: 

Procedure for Claims Arising Due To Theft

          • Immediately file a Police FIR
          • Submit the police report to the insurance company.
          • Your full cooperation is required while your bike is being inspected.
          • Transfer your bike’s RC in the insurer’s name as soon you get an approval for your claim.
          • Handover the keys of your bike and the subrogation letter.
          • You can refer to the policy documents for further details.

Third Party Insurance Claims Process

            • Immediately notify their claim team of the insurance provider
            • Share the summons from the court with the insurance company
            • Also, submit your New India Assurance bike insurance claim form
            • Additionally, the insurer will ask for your DL, FIR, and RC (In original)

Procedure for Accidental Claims

              • Once you file a claim for the damages, the insurer will give you the claim form
              • Fill the form and submit it.
              • Also, provide your driving license copy and registration certificate copy
              • The 2 wheeler will be then inspected by one of their agents
              • A report will be submitted by him and based on that your claim request will be taken forward
              • All the repair bills and cash memos need to be signed by you
              • Once you receive the approval, the insurer might ask you to submit the broken parts of the insured vehicle

Documents Required

                • Police FIR
                • DL/Driving License
                • Claim Form
                • Registration Certificate
                • Repair Estimates
                • Photocopy of the New India two wheeler insurance policy
                • Bills and Receipts (stamped)
                • Premium Receipt
                • Other documents (if required)

If you are thinking of buying a comprehensive two wheeler insurance cover then the above pointers will help you determine an adequate policy. You can invest your hard-earned money wisely as well as safeguard yourself from any unforeseen emergencies while driving on road.

New India Assurance Two Wheeler Insurance - FAQs

Written By: PolicyBazaar - Updated: 26 June 2020
New India Assurance Two Wheeler Insurance Reviews & Ratings
4.8 / 5 (Based on 32 Reviews)
(Showing Newest 15 reviews)
Sukrit
Vadali, October 01, 2020
Low premium rates
I found the two wheeler insurance policy from the policybazaar best and convenient as it came under my budget. The premium rate of the policy is much lower and under my budget. I am thankful to New India assurance for giving me best plans. It is safe and secured.
Sunirmal
East Midnapore, September 30, 2020
Documents with online facilities
I have made the documentation work online and submitted in an online way via whatsapp and email. It is easy and no need to go anywhere. The whole customer care team of the New India assurance are priceless and understanding. Thanks to team for such better assistance.
Shivlal
Dabugam, September 28, 2020
Benefits and add on covers
I have recently got the new India assurance two-wheeler insurance policy. I got the amazing benefits such as zero depreciation, no claim bonus and the personal accident coverage with minimum premium rates. I found It valuable plan for me and my two-wheeler. Thanks team.
Pranet
N.paravur, September 23, 2020
A great and apt plan
I have recently got my two wheeler insurance policy from the New India assurance. I found it apt and useful at the time of claim. My claim was settled in time and I connected with them over the call for the same. Need not to go anywhere. Great work team New India assurance.
Panduranga
N.paravur, September 21, 2020
Compare two wheeler plans
When I was planning to get the two wheeler insurance policy I checked into the website of the new India assurance. It is really amazing as I can easily compare all sorts of plans for my two- wheeler. Thanks to whole team.
Porter
Yavatmal, September 18, 2020
No claim bonus services
I have recently got my no claim bonus certificate from the new India assurance company. It is a kind of certification which is given at the time of when you don’t file for the claim. The work is easily done. And I really don’t have to repeat my words. The whole team is very helpful in nature. Thanks a lot team New India assurance.
Atanu
Habra, September 14, 2020
Good option for two wheeler
I have taken the two wheeler insurance policy from the new India assurance company. It is one of the best plans for my two wheeler and it eventually gave me best options for the safety and security of my two wheeler insurance policy. Thank you so much team New India assurance.
Fiza
Haldaur, July 06, 2020
Risk related life
We transporters know that our life is so much risky. So, for this I thought of getting the commercial vehicle done for better security and safety of health and financial matters. I really like the reviews which people have given on their website. So, after reading that I should give a try and I bought a commercial vehicle insurance plan and quite happy with it. I was afraid without insurance now I am quite happy. Thanks team for support.
Rohit
Dabhoda, July 03, 2020
Hard copy dispatched
I received my policy hard copy from New India Assurance on immediate basis. They provided me the hard copy in next 3-4 working days as the day I purchased the commercial vehicle policy from them. You are planning for secured life of you and your vehicle then you must visit the policybazaar website once.
Karnik
Dabhoda, July 02, 2020
Making payment is easy
Now I can have the security in my payment way. I purchased my commercial vehicle policy from New India Assurance and policybazaar website. Now I can make the payment with security, You can do the payment in the form of credit and debit card or even the net banking.
Chaman
Agalpur, July 01, 2020
Renewal was done swiftly
I opted for a commercial vehicle insurance from policybazaar. It was really nice and I like the services from them. I renewed my policy by calling the customer care team and they advised me really well. It was a nice decision to secure my commercial life through New India Assurance.
Agrim
Algum, June 30, 2020
Trustworthy relationship
I am really much glad to share this that I got a very good commercial vehicle insurance from policybazaar. It is really nice and also the company is quite trustworthy. I build a great relationship with them as they provided a good services. Getting your commercial vehicle insured from this company is nice way to secure the life.
Kakul
H D Kote, June 29, 2020
Add on covers are really a blessing
I purchased a vehicle insurance from policybazaar and it was of New India assurance. I really like the services and benefits they provided to me and tomy vehicle. One of the best thing is that you can choose your own add on covers. It will be really important for your vehicle. Also, you can easily connect with the customer care.
Pari
Udaipur, June 29, 2020
EMI policy system
I got a good number of facilities from them and one of them is is the EMI system. The EMI system helped me a lot on saving a lot many money. I covered my four commercial vehicle from policybazaar and made the payment on basis of EMI. Quite easy and very comfortable method to do so. It won’t be a burden for you. Thank you team.
Palak
Vadnagar, June 21, 2020
Compare and buy and stay happy
I was planning to take the ommercial vehicle insurance and one of my friend recommended to go to the website of poliybazaar. I visited that site and explore various good plans. I bought the New India Assurance policy. You can avail he policy online very easily without any problem. Along with policy you will get a trustworthy team of policybazaar and new India assurance and also also searching for good plans is very easy. You should once visit to the website. Thanks.
Manish
Echoda, June 21, 2020
Third party insurance cover
I recently opted for commercial vehicle insurance and I took the third party insurance policy. It is a kind of policy where you can cover for your losses as well as it will cover the losses for the person who met with you in an accident. So that he or she cannot claim for legal case. This policy always makes sure that you won’t be facing any kind of financial and legal burdens at your head. Thanks team policybazaar and new India assurance team for great support and help.
Dinesh
Captainganj, June 21, 2020
Great coverage of the policy
The New India assurance has come up with the different unique plans which makes sure that you and your commercial vehicle say safe. It helps the customer to choose the best plan and also customer can add on the covers into his policy plan so that he can enjoy more benefits related to the same. Thank you team.
Arun
Faridabad, June 20, 2020
Claim is very easy to file
Filing a claim in the New India assurance is very easy. I filed the claim last year as my truck bonnet and gate got damaged. No manly injury took place. But truck got damaged very much . So, I informed about the same to my customer care team and they made up a video and the estimation amount for the same. I got my claim amount easily in my bank account. And my truck got repaired in 10 days.
Neysa
Badampahar, June 20, 2020
Own damage cover policy
I recently purchased the commercial vehicle and it is very important. As we all know that the transportation business is very risky and for we have to take the commercial vehicle. With the help of policybazaar and New India Assurance you can get the best insurance policy. The claim process is also very easy and fast.
Bhavin
Babina, June 20, 2020
Premium price is less
The premium price of the policy is very good as it less as comparative to other commercial vehicle policies. Along with less premium rates it provides great customer service too. I recommend many people to get the commercial vehicle insurance to secure their vehicle.
Naitee
Bachrawa, June 20, 2020
Compare easily
Before buying anything I always prefer to compare with other substitutes. So, does before buying the commercial vehicle insurance I searched for various plans. And I found the great platform of policybazaar where I can search for various plans according to my budget, add on covers and benefits. Comparing the plans is very easy and also the user interface is great. Thanks team for such great benefits.
Varun
Uttarpara, June 20, 2020
Different insurance providers at one place
It’s really great to see that you can get different insurance providers at one place. I got the opportunity to get my commercial vehicle insurance done from policybazaar where I found great number of insurance providers. I found the best one of New India Assurance. Really great policies under my budget. Thanks team for such great policies.
Tarun
Captainganj, June 20, 2020
Swift work with no hurdles
If you really want to get a commercial vehicle insurance then you must visit to the website of policybazaar. It not only displays one insurance policy, it will helps you in getting the knowledge related to different commercial vehicle insurance. Research and analysis helps me in getting the best insurance for my vehicle.
Mohan
Vadnagar, June 20, 2020
Protection shield for all
My commercial vehicle insurance is not an insurance it’s a protection shield too. It protects me from various problems which occurs in day to day life while at the time of transporting and driving. It really helped me from various crisis and protected me from financial losses.
Saurabh
Jagadhri, June 18, 2020
Third party insurance policy
I purchased the third party insurance policy from new India assurance as it provides with the greater number of benefits.
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