How to Renew National Car Insurance Policy Online?

The National Insurance Company is one of the leading government-backed insurance companies in India, offering motor insurance policies to car owners. Like every other policy, car insurance also comes with a validity and requires renewal after the expiry to ensure continued coverage. If you are looking to renew your National car insurance policy, you can easily do so from the comfort of your home. Read on to know about the National Insurance car policy renewal process.

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Types of Car Insurance Plans Offered by National Insurance Company

National Insurance Company majorly offers two types of private four-wheeler insurance policies. These are:

1. National Car Insurance Liability Only Policy

   The National Insurance liability only car policy covers a car owner against third-party liabilities arising due to a road accident by an insured car. It provides coverage against third party bodily injuries/death and third-party property damages. A liability only policy helps you abide by the motor laws of India, which makes it mandatory for every car owner to purchase third-party insurance.

   Under the National car insurance liability only policy, the compensation amount is unlimited for third party's death or bodily injuries. However, the coverage for third-party property damage is limited to Rs. 7.5 Lakh.

2. National Car Insurance Package Policy

   The package policy by the National Insurance Company covers any loss or damage to the insured car from an accident, natural calamity, fire, theft, etc. It also covers the owner-driver of the insured car against bodily injuries or death.

   Moreover, the Annual Package policy covers any third-party liability arising due to injury/death or property damage during an accident by the insured car.

   The following are the motor insurance policies offered by the National Insurance Company (for new cars purchased on or after 1st September 2018):

   • 3-year liability only policy
   • 3-year package policy
   • A bundled policy with 1-year own damage and 3-year liability cover

National Car Insurance Premium Calculation

Before you renew national car insurance online, you can also get an idea about the premium that you will be paying on renewal. To do so, you can use a National Car Insurance Premium Calculator and calculate the monthly premium of your insurance policy beforehand.

With the help of a National car insurance premium calculator, you can easily calculate the premium of your car and compare it with other insurance company premiums. You can then choose the policy that suits your budget the best. Here is how you can use it:

1. Visit Policybazaar.com and go to 'Insurance Products'
2. Click on 'car insurance calculator' under 'Car insurance' to view a form
3. Fill in your car number or choose to proceed without entering your car number
4. Enter the details of the car, such as model, variant, fuel type, registration city, etc.
5. Enter car purchase year and your contact details
6. Select your policy due date and whether you have made a claim previously or not

Based on the details provided, you will get the car's IDV and the monthly premium that you will have to pay. You can also view and compare other plans to find the most suitable plan for your car.

How to Renew National Car Insurance Policy?

A four-wheeler insurance policy expires after one year of purchase (except for brand new cars), after which it has to be renewed again. You can renew car insurance policy from the same insurance company or can choose a policy from another insurer. Either way, you can easily renew your motor insurance online on the insurer's website or Policybazaar.com.

Follow the below-mentioned steps for National Insurance Company car insurance renewal online on Policybazaar.com:

1. Visit Policybazaar.com and select 'Car Insurance' from the 'Insurance Products' dropdown menu on the homepage.
2. Enter your car number and select 'View Instant Quotes'
3. Enter details like your name, email and mobile number to proceed
4. Select the expiry date of your policy and whether you have made a claim or not
5. From the mentioned plans, find the National car insurance plan that you want to renew. You can also view the policy details by selecting the suitable option.
6. Select add-ons that you wish to add to your policy at an additional premium
7. Select No Claim Bonus discount on your existing policy and select 'Proceed'
8. Confirm the existing policy details and select 'Summary and Payment'
9. Make a payment using your preferred payment mode
10. Once the payment is complete, your motor insurance policy will be renewed.

You will also be asked for a few details for the issue of your policy document. Fill in these details correctly to receive renewal policy documents on your registered email id.

You May Also Read: Expired Car Insurance Policy

Benefits of National Insurance Car Insurance Renewal Online

The advantage of renewing motor insurance policy online from National Insurance Company are as follows:

• 24*7 service assistance to the customers
• Wide range of cashless network garages
• No Claim Bonus discounts on motor insurance renewal
• Availability of add-on covers at an additional premium to increase policy coverage

Wrapping Up!

It is essential to renew your existing National Insurance car policy before its expiry date. If not renewed on time, the policy becomes invalid and, thus, results in claim rejections, heavy traffic fines, and legal consequences. By using the above-mentioned steps, you can quickly renew your National car insurance policy online without any hassle.