New Holland Tractor Insurance

New Holland is an international tractor manufacturing brand. The company started its operations in India in the year 1998. New Holland company rolled out its first tractor 70HP in India, but it was not for the masses. However, the company still managed to sell approximately four lakh units. It was the year 1999 when this company rolled out its tractor New Holland 3630 for the masses in India.

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As we know, it is compulsory to insure vehicles in India and one has to have at least third-party insurance for the same. So, it is mandatory to insure New Holland tractors and this is the reason various insurance providers offer New Holland Insurance policy. An insurance policy provides financial coverage in various situations like an accident, natural or manmade calamities, etc.

Popular New Holland Models with Insurance Price

New Holland CV Model (2019 Registration)

New Holland Model Variant

Insured Declared Value (IDV)

New Holland Insurance Premium (Third-Party Insurance)

New Holland 3032

GVW 1760 – Diesel

Rs. 1,82,143

Rs. 17,412

New Holland 3037 Agricultural Tractor

GVW 1760 – Diesel

Rs. 2,62,080

Rs. 17,412

New Holland 3037 TX

GVW 1800 – Diesel

Rs. 2,82,240

Rs. 17,412

New Holland 1760 – Diesel

GVW 1760 - Diesel

Rs. 2,77,334

Rs. 17,412

New Holland 3032 NX

GVW 1760 – Diesel

Rs. 2,41,080

Rs. 17,412

New Holland 3032 NX 2WD

GVW 1760 – Diesel

Rs. 3,57,000

Rs. 17,400

New Holland 3510 NDL

GVW 1770 – Diesel

Rs. 2,76,360

Rs. 17,400

New Holland 3600 – 2DX

GVW 2055 – Diesel

Rs. 3,93,750

Rs. 17,400

New Holland 3600 – 2NX

GVW 2055 – Diesel

Rs. 2,28,572

Rs. 17,412

New Holland 3600 – 2TX

GVW 2055 – Diesel

Rs. 3,64,000

Rs. 17,400

New Holland 3630

GVW – 2035 – Diesel

Rs. 1,96,000

Rs. 17,412

New Holland 3630 TX – Turbo

GVW 2060 – Diesel

Rs. 3,20,000

Rs. 17,412

New Holland 4010 – NDL

GVW 1805 – Diesel

Rs. 2,62,080

Rs. 17,412

New Holland NH – 3230

GVW 1760 – Diesel

Rs. 3,58,400

Rs. 17,400

New Holland NH-3600 – 2

GVW 2055 – Diesel

Rs. 2,41,080

Rs. 17,400

New Holland 3600 – 2DX

GVW 1800 – Diesel

Rs. 3,99,840

Rs. 17,412

New Holland 3600 – 2DX

GVW 1965 – Diesel

Rs. 2,64,600

Rs. 17,412

Reasons to Buy New Holland Insurance Policy

The reasons to buy a New Holland insurance policy are:

  • Purchasing New Holland Insurance online is simple and quick.
  • Having at least a third-party vehicle insurance policy is mandatory by law in India.
  • With a third-party insurance policy, one gets insurance coverage against losses and damages that incur to a third-party person or property in an accident by the insured vehicle.
  • A comprehensive vehicle insurance policy, on the other hand, provides insurance coverage for both third-party and own vehicles.
  • 'No Claim Bonus' facility for claim-free years is offered.
  • Cashless claim settlement facility in network workshops.
  • New Holland insurance claim settlement process is hassle-free and fast.
  • Personal accident cover for drivers/owners is offered.
  • The process of New Holland insurance renewal is easy and fast.

Types of New Holland Insurance Policy

Third-Party Insurance: As per the Motor Vehicle Act, it is necessary to get at least a third-party vehicle insurance policy before plying it on the Indian roads. So, the owners of New Holland commercial vehicles like tractors, are required to get at least a third-party insurance policy for their vehicles. Under this type of vehicle insurance policy, one gets insurance coverage against any losses or damages incurred to third-party property or person. However, any damage or loss incurred to the insured vehicle is not covered under this type of insurance plan.

Comprehensive Insurance: A comprehensive vehicle insurance policy is not mandated by any law, but it is wise to have this policy. The reason for the same is its coverage. A comprehensive policy provides insurance coverage not only for third-party losses and damages but also for the insured vehicle. Under this policy, one gets insurance coverage against losses or damages incurs because of an accident or other unforeseen situations to the insured commercial vehicle as well as to third-party property or person.

Inclusions of New Holland Insurance Policy

The inclusions of the New Holland insurance policy are:

  • A New Holland Insurance policy provides insurance coverage against losses and damages incurred to the insured commercial vehicle because of:
    • Strike
    • Earthquake
    • Riots
    • Landslide, road slide
    • Malicious act, terrorist activity
    • Hailstorm
    • Self-ignition, fire, explosion
    • Tempest
    • Flood, storm, hurricane, typhoon
    • External accident
  • The insurance policy as well offers third-party cover under which protection against losses and damages incurred to a third-party person or property by the insured vehicle.
  • Personal accident cover for the registered owner of the vehicle is also provided in most of the New Holland insurance policies.

Additional Covers in New Holland Insurance Policy

To enhance the insurance coverage of one's New Holland insurance policy, one can add additional covers. A policyholder can buy any of the below mentioned additional covers by paying an additional premium:

  • ‘No Claim Bonus’ protection cover
  • Road-side assistance add-on cover
  • Zero depreciation cover
  • Emergency in outstation cover
  • Key replacement cover
  • Cover for engine protection
  • Consumables cover
  • Return of invoice additional cover
  • Personal accident additional cover for passengers

Exclusions of New Holland Insurance

The exclusions of the New Holland insurance policy are:

  • Any claim raised for the issues that are not covered in the insurance policy.
  • Any loss or damage incurred to a commercial vehicle outside the geographical area.
  • Any kind of intentional damage caused to the commercial vehicle.
  • For third-party insurance policyholders, there is no provision of own-damage cover.
  • If the owner and/or driver of the claimed commercial vehicle was drunk while driving the vehicle.
  • If the owner and/or driver of the claimed commercial vehicle was driving the vehicle without a valid driving license.
  • If the loss or damage incurred to the commercial vehicle due to contributory negligence.
  • Any type of consequential damages.

How to Buy New Holland Insurance Online

In this era of the internet and e-commerce websites, we can buy anything online and so is the case with insurance policies. One can buy a New Holland Insurance policy online by following the below-mentioned steps:

  • Firstly, one has to go to the commercial vehicle insurance page and there select the option to purchase commercial vehicle insurance.
  • The policyholder then should mention all the details of the commercial vehicle such as its make and model, its RTO information, insurance types like third-party or comprehensive insurance, details of the claim, manufacturing details, etc.
  • After mentioning all the information, one can select the quote of insurance from the insurance providers’ list of New Holland Commercial Vehicles.
  • He/she now has to choose an insurance policy according to his/her needs and then make the payment online.
  • The insurance policy is then e-mailed to the registered email id of the policyholder or he/she can download it.

How to Renew New Holland Insurance Online

The stepwise process for renewing a New Holland Insurance policy online is as follows:

An insured should provide the renewal form of New Holland Insurance with the following details and an insurance provider’s representative will get in touch with him/her:

  • Name of the policyholder
  • His/her landline number (if available)
  • His/her email-id
  • His/her mobile number
  • Model of New Holland Commercial Vehicle
  • City of registration
  • Commercial vehicle’s registration year
  • Whether the previous New Holland Insurance policy was expired or not
  • Type of insurance for commercial vehicle:
    • Buy an insurance policy for a brand new commercial vehicle
    • Renew an existing New Holland Insurance policy
    • Renew an existing New Holland Insurance policy from a different insurer

New Holland Insurance Policy Claim Procedure

  • Firstly, a policyholder should inform the insurance company at its toll-free number.
  • For the New Holland insurance policy's cashless claim settlement, the insured has to get an appointment with the surveyor of the insurance provider. After the survey, the damaged commercial vehicle is taken to any of the network workshops of the insurance company for repair.
  • A policyholder should submit all the required documents to the surveyor.
  • The insurance provider can confirm the liability only after the successful completion of the survey.
  • If the policyholder opts for the cashless service, the New Holland insurer will settle the claim with the network workshop directly.
  • However, if the insured avails the reimbursement facility, he/she should settle the claim cost first by self. Later, it is settled by the insurance provider. However, for the same, the insurance provider should offer the claim form with all the original bills to the insured.

Documents Required for New Holland Insurance Claims

  • Filled and signed claim form
  • Driving license copy
  • FIR copy
  • Copy of registration certificate
  • Repair estimate
  • Load challan is required for commercial vehicles
  • Permit of the commercial vehicle

New Holland Insurance Policy FAQs

Written By: PolicyBazaar

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