New India Assurance Bike Insurance Claim

A bike insurance claim is made by a policyholder in case of an unfortunate accident. New India Assurance bike insurance claim is a smooth and and easy process designed after keeping the convenience of customers in mind.

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The claim proceedings depend on the type of insurance, and the process one chooses to go for. The claim eventually depends upon the Insured Declared Value. It is simply the maximum amount that the insurer will compensate on a raised claim. The IDV is decided at the time when a buyer applies for a bike insurance policy.

How to file a New India Assurance Cashless Bike Insurance Claim?

At the time of claim settlement, the owner of the insured two-wheeler can prefer either cashless claim settlement or reimbursement claim settlement.

In a cashless claim settlement, the policyholder doesn’t have to pay the network garage any amount to repair the insured two-wheeler.

The process of filing a cashless bike insurance claim at New India Assurance Insurance Company is as follows:

Step 1: Inform the insurer: Customers need to inform the insurer regarding the accident and the damage caused. One can contact the insurance company through the customer service number available on their websites. The policyholder must inform the insurer as soon as possible after the incident.

Step 2: Surveying: The insurer will assess the condition of the bike or two-wheeler to estimate the extent of damage caused.

Step 3: Repairing: Once the survey is done, you can take your two-wheeler to an authorized garage for getting the repairs done.

Step 4: Settlement: The garage will send all the bills and receipts to the insurer while you submit the required documents. The insurance company verifies all the documents and then settles the claim by directly making payments to the garage. However, this is done after you have paid your voluntary deductible.

How to file New India Assurance Reimbursement Bike Insurance Claim?

During the reimbursement bike insurance claim, the insurance holder has to pay for the repairs of the two-wheeler if the bike is taken to a garage not authorized by the insurer. The step by step process to claiming for a reimbursement bike insurance claim are:

Step 1: Intimate the insurance company: Inform your insurer about the accident and the damage of the insured two-wheeler.  You can simply call on the toll-free number provided on the insurer’s website. However, remember to do it within 24 hours of the incident.

Step 2: Surveying of the damaged two-wheeler: A surveyor will come from the insurance company to assess the damages caused. During this inspection, the damage and the loss will be confirmed for further proceeding of the claim settlement.

Step 3: Repair: You can then take your vehicle to any garage of your choice for getting the repairs done. Remember to collect all the bills and receipts as they have to be submitted to the insurer.

Step 4: Claim Settlement: Submit all the receipts to the insurer along with the other documents, pay your deductible. Once the insurer verifies everything, they will reimburse the claim amount to you.

Common New India Assurance Bike Insurance Claim Rejection Reasons

The claim settlement process can get declined for several reasons. One of the major reasons also includes improper submission of documents which can delay or even get the claim settlement cancelled. The insurer has all the rights to decline the claim if the insurance holder is found under any breach of the insurance regulations. Therefore, it’s suggested to go through every aspect before signing for a bike insurance policy.

Some of the common reasons why insurance claims are rejected include:

  • The insurance holder cannot raise any claim if the accident occurred due to intoxication.
  • If the accident happened outside the mentioned geographical area, the claim can be denied by the insurer.
  • The claim can be denied if the insured two-wheeler was used for the execution of any illegal activity.
  • If the Inspector finds out during the assessment that the accident occurred by the rider's carelessness, then the claim will be rejected.
  • If the insurance holder repairs the insured bike without intimating the insurer regarding the accident, the claim will not be validated.
  • The claim will not be considered if the rider didn’t have a valid license during the accident.

New India Assurance No-Claim Bonus

A bike insurance NCB or no-claim bonus is an advantage to the insurance holder at the time of claim. If the policyholder doesn't have any claim record during the one-year tenure, a special discount is offered at the time of the insurance renewal. This discount is reflected in the premium amount of the following year’s policy. It is awarded to the policyholder for driving safely and it can add up to 50% with each claim-free year.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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New India Assurance Bike Insurance Claim Reviews & Ratings

4.8 / 5 (Based on 50 Reviews)
(Showing Newest 10 reviews)
Apoorva
Varanasi, October 09, 2021
Easy to compare
While searching on Google, when I went to the website of the policy bazaar, I saw a lot of plans according to my needs. I wanted to insured my two wheeler and i got new india assurance two wheeler plan here.
Akshat
Faridabad, October 09, 2021
Instant updates
From day one, i always gets prompt updates of everything. i bought new india assurance plan for my bike last year and till now i receive the same service from policybazaar which i used to get earlier. i am happy with my decision to take the plan from here.
Amrutanshi
Meerut, October 09, 2021
Attractive facilities
Thanks to Policybazaar for providing me attractive facilities in my budget. i found a suitable deal for my bike. After going through many plans I bought New India Assurance Two Wheeler Insurance from Policybazaar and got amazing benefits under the same.
Ankit
Rajkot, October 09, 2021
Add on cover
I took new india assurance two wheeler plan from Policybazaar. Everything was quite easy whether it was the purchase process or payment or customizing the plan. With the help of add on cover feature, I made my plan even more better.
Anshika
Vasai Virar, October 09, 2021
Faster claim settlement
Last month my bike got damaged, with the help of my New India Assurance two wheeler plan, I got cashless repairing. i got faster claim settlement through the policy Bazaar. Policy bazaar offers great deals to their customers. Highly recommended.
Ankur
Kalyan Dombivli, October 09, 2021
Suitable plan
Policybazaar took good care of my needs. the team Suggested me bike plans according to my budget. I found everything very easy, be it the renewal process or the purchase process. I took New India Assurance Bike Plan which was suitable according to my pocket.
Shrestha
Meerut, August 18, 2021
budget friendly
i got my best two wheeler plan from the website of policy bazaar. i am happy that i got best plan under my budget. when i visited to their website they have a lot options out of which i chose New India assurance two wheeler plan.
Shivani
Ranchi, August 18, 2021
good benefits
I bought a New india assurance two wheeler policy from policy bazaar. It will give you a third party coverage. you do not need to pay extra charges to buy a policy and i just bought it online within a minute. They will give you 24x7 service.
Shreelakshmi
Faridabad, August 18, 2021
add on covers
i recently bought New India assurance plan for my two wheeler through policy bazaar. i added some extra features under my plan and i got some extra premium like accessories coverage
Kapil
Lucknow, June 04, 2021
Best plan
I recently bought a new bike and was looking for some good insurance company. While going through New India two wheeler insurance plan on policybazaar, I knew I can trust my bikes safety with them. They have one of the best benefits that help us ride worry-free anywhere in the country.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis