There are two types of four-wheeler insurance plans offered by the National Car Insurance for all private cars, which comprise third-party liability cover and a comprehensive car insurance policy.
However, to enhance the policy coverage, one can also buy add-on covers by paying an extra premium amount to the insurer and ensure extensive safety while driving their car on the road. There are 8 types of add-on covers available in their comprehensive car insurance plan.
Moreover, the policyholders can earn a No Claim Bonus (NCB) discount for not raising a single claim in a policy tenure on their own-damage premium. They can use this discount at the time of policy renewal and can accumulate up to a maximum of 50% of every claim-free year.
|Cashless Network Garages
|No Claim Bonus
|Up to 50%
|Claim Settlement Ratio
|8 add-on covers available
|Personal Accident Cover
|Available up to Rs 15 Lakhs
National car insurance offers several significant add-on covers that are used to extend and enhance the coverage. By paying an extra little premium, these add-ons can be purchased with the standard car insurance policy. Here is a list of add-on covers available with National Car Insurance-
This is commonly known as Bumper to Bumper cover, which compensates 100% coverage for plastic and metal parts while 50% coverage for tyres, tubes, and batteries of the insured car.
This is commonly known as Invoice Protect Cover. It is helpful at time of the theft or total loss of the insured car. The policyholder will receive a sum equal to the difference between the IDV of the insured car and the current market value of the insured car.
The No Claim Bonus (NCB) protector cover helps in protecting the NCB discount even if the policyholder has raised a single claim during the policy tenure. Therefore, it helps in saving the NCB even after making a claim.
As the name suggests, this add-on covers the damage or loss sustained by the insured car's engine or its parts due to the water ingression or flood. Moreover, under this, the cost of consumables used during the repairs is covered by National Car Insurance.
A consumable add-on cover saves a huge amount of money on small and frequent repairs that require consumable parts of the insured car. Consumables refer to nuts, bolts, ball-bearings, lubricant & oil, coolants, etc.
The key replacement cover in car insurance comes in handy if the policyholder misplaces, loses or damages the original insured car keys. This National Car Insurance policy also covers the cost incurred to replace the lock-set if it is damaged. Also, if the key of the insured car is stolen, the insurer will provide coverage for the same. However, an upper limit is set as per the terms & conditions of the insurer.
The Nil Depreciation Plus cover acts as an extra benefit to the Zero Depreciation cover by paying the policyholder depreciated amount deducted on the replaced parts or material components of painting charges of the insured car.
Another one is the PA cover for owner-driver that provides the cover against any accidental injuries to the owner-driver of the insured car under the National Car Insurance policy. The add-on helps to protect the owner-driver of the insured car if he/she suffers from injuries, permanent disability or fatal death in a road accident.
Before purchasing National Car Insurance online, you can easily calculate the premium online using the car insurance premium calculator available at Policybazaar.com. You will be able to find out if the car insurance policy fits into your budget. Moreover, you will be able to know which add-on cover is beneficial for you.
22 Feb 2024In layman's terms, the IDV full form is the Insured Declared Value
31 Jan 2024Investing in a full-coverage car insurance policy is essential for
29 Jan 2024No Claim Bonus (NCB) is a reward given by an insurer to a
17 Jan 2024Buying their first car is no less than a milestone unlocked for
12 Dec 2023The type of four-wheeler you purchase also impacts its insurance
#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*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. Actual time for transaction may vary subject to additional data requirements and operational processes.