New India’ Gives 30% Assured Discount on Its Two-Wheeler Insurance

New India Assurance has launched India’s first three-year comprehensive two-wheeler insurance cover, which is 30% cheaper than annual insurance plans. The product will give customers an option to choose between two- or three-year policy terms. Mr. G Srinivasan, Chairman and Managing Director of New India Assurance, said that this insurance product will have a zero-depreciation cover on payment of additional premium. In future, this policy tenure could be increased to five years. Further, the company is planning to launch long term policies for private cars also.

Read more
Get Two-Wheeler Insurance
Starting @ only ₹482/year*
  • Save up to 85%

    Lowest 2W Premiums
  • 20+ Insurers

    To Choose From
  • 1.2 Crore+

    Bikes Insured

*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

third-party-rates

Third party rates expected to increase by 21%* soon. Renew today!

Stay home & renew bike insurance in 2 minutes
No Documents Required
Get Bike Insurance starting @ only ₹482/year*
Enter Bike Number
Processing
Other options

Customers will be entitled to get an assured discount of 30% for 3-year policy and 20% for 2-year policy in each case on the basis of various underwriting factors like anti-theft device, location, purpose of use, etc. In addition, if there is a bonus entitlement due to no-claim in the preceding year, discounts can even reach up to 50%. By opting for a long term insurance period, insured is protected against the possible rise in premium rates during the policy tenure. There is an option to switch over to either 1 or 2 years plan after the expiry of the long-term policy.

Source: This news was published on April 16, 2015 in business-standard.com under the title: New India launches long-term comprehensive two-wheeler policy

Written By: PolicyBazaar - Updated: 21 July 2021

Two Wheeler insurance articles

Recent Articles
Popular Articles
Top 10 Helmet Brands in India & Need for a Good Helmet

16 May 2022

While riding your bike, there are chances that you might get...
Read more
Top 8 Motorbike Riding Tips for Female Riders

11 May 2022

Gender-specific jobs or hobbies are becoming obsolete. More...
Read more
Extend the Life of Your Two Wheeler Battery with These 10 Tips

06 May 2022

A bike's battery is a vital component and should be...
Read more
Detailed Guide to Bike Insurance Online Renewal

05 May 2022

A two-wheeler insurance policy is a contract between the insurer...
Read more
What Is ABS and Why You Should Have It In Your Bike

02 May 2022

You must have heard of the term ABS when you read about bike...
Read more
Best Two Wheeler Insurance Plans in India
When it comes to choosing the best two wheeler insurance plans, we’re sure you have heard enough from different...
Read more
Traffic Rules in India That Every Two Wheeler Rider Should Know
A two wheeler is probably the first vehicle that most people learn to ride after a bicycle. Nothing ever compares...
Read more
Renew Your Two-Wheeler Break-in Insurance Policy at PolicyBazaar
Owners of two-wheelers have been getting a good night’s sleep as far as their vehicle’s insurance is...
Read more
Lost Your Two Wheeler Insurance Documents? Here Is What You Need To Do
A bike insurance policy is one of the important documents required for claim settlement. You won’t be able to...
Read more
How to Renew Two Wheeler Insurance Online in 3 Easy Steps?
Automobile business in India has boomed over time. The automobile sales are skyrocketing. With this rise, there is...
Read more