National Insurance Company Ltd. (NIC) is one of the oldest insurers in India. The company was founded in Kolkata, 1906. With its headquarters in Kolkata, the company has close to 1900 offices situated across India and around 14,000 skilled employees offering Indian customers with the best insurance service. NIC is India’s 2nd largest general insurance firm and has a large customer base.
The insurance website/app has a built-in tool called the premium calculator that calculates the insurance premium. The calculator has a number of fields that you need to fill in with the relative information, based on which the calculator will quote your insurance premium. National Car Insurance Renewal Premium Calculator has the following fields:
Under this section, you need to fill in the details of your previous insurance policy or the existing insurance policy that is about to expire.
This is the next section where you need to fill in the details of your car that is being insured such as, the make of your car, the model, the date of manufacture, etc.
This is the last section where you have to fill in your personal details like name, contact details, etc.
Once you have filled in the above details, you can click on the link that has been provided after the last section and the calculator will calculate your insurance premium.
It is always better to renew your insurance policy before your existing policy expires, this assures you continued financial protection.
There are two ways by which you can renew your insurance policy:
You can visit the nearest National Insurance branch office/meet with the insurance agents, collect information on different motor insurance policies offered by NIC and then decide which insurance policy to opt for. Once you make a decision, you can submit the required documents and buy the insurance policy from the insurer or insurance agent.
Based on the insurance premium quoted by the premium calculator, you can decide whether or not to buy the insurance policy. If you do decide to buy the policy, you can purchase it online by choosing one of the online payment options available on the NIC website.
National Car Insurance continues to provide you with the below benefits upon renewal:
The National Car Insurance renewal comes with some attractive features such as:
You need to follow the steps given below when raising a claim request post insurance policy renewal:
When buying insurance online via NIC website, you can pay using the following modes:
You can log into the NIC online portal with your valid login credentials to check the status of your insurance policy.
You need to submit the duly filled surrender form at the nearest NIC branch office along with the relevant documents. Once your form and documents have been verified by the insurer, your insurance policy will be cancelled and the insurance premium amount will be credited to your bank account.
Yes, as per the Motor Vehicles Act it is mandatory for every vehicle owner to at least have a third-party liability insurance.
National Insurance offers 2 insurance policies: