The New India Assurance Company offers two major types of motor insurance plans for private cars. They are:
The New India Assurance liability-only policy offers coverage to the car owner from legal liabilities to a third party, such as third-party property damages and third-party injury/death due to a road accident by the insured car. The liability-only policy offers unlimited coverage for the bodily injury or death of a third party. For damage to third-party property, the coverage limit is up to Rs.7.5 lakh. It also offers personal accident cover for the owner-driver of the insured car.
However, it does not offer coverage for the insured car itself. Therefore, this policy is less expensive than a comprehensive plan. Moreover, a third-party cover is a mandatory cover under the motor laws of India.
The comprehensive insurance policy or the Package Policy offered by the New India Assurance Company is an optional but recommended plan as it offers extensive coverage to the car owner. The policy covers the policyholder from any loss or damage suffered by the insured's car during an accident, theft, calamities, etc. It also offers personal accident cover of Rs 15 lakh to the owner-driver of the insured car.
Additionally, this policy offers coverage against third-party liabilities, such as property damage, injury and death of the third party involving the insured car. This plan coverage can also be extended by purchasing add-ons on the payment of an additional premium.
Before moving to the process of New India Assurance car insurance renewal online, you can calculate the insurance premium of your four-wheeler using a car insurance premium calculator. A New India Assurance car insurance premium calculator can help you calculate your policy premium based on your requirements and plan type. Here is how you can use the calculator:
Based on the details provided, you will receive the car's IDV (insured declared value) and the premium under the New India four-wheeler policy.
If you have purchased a car policy from the New India Assurance Company, you will be required to renew it before the expiry date. You can renew the policy on the website of the insurance company. Alternatively, you can also renew your New India Assurance car insurance policy online from Policybazaar.com by following these steps:
Renewing your four-wheeler insurance policy from the New India Assurance Company can offer you the following benefits:
Purchasing and renewing four wheeler insurance might sound like a difficult process. However, the renewal process of the New India Assurance Company is quite simple and hassle-free. If you want government-backed insurance coverage for your four-wheeler, then New India Assurance car insurance can be a great option for you.
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