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  • National Car Insurance

    Car Insurance
    • Get quotes from multiple insurers
    • Choose from a variety of zero depreciation and roadside assistance covers
    • 3100+ cashless garages

    National Insurance Company Limited (NIC) is one of the oldest and most preferred general insurance firms in the country. The insurance firm is a subsidiary of the government-owned General Insurance Corporation of India (GIC), and is headquartered in Kolkata. The company has a pan-India reach with around 1,998 branches across the country and 14,902 employees. In terms of the Gross Direct Written Premiums (GDWP), the company is the second largest general insurance company in India.

    Car Insurance Online from National Insurance

    Third-party/Liability-Only Cover Third-party policies cover:
    • Bodily injury/accidental death of third-party
    • Property damage (up to Rs.7.5 lakh)
    Covers Provided
    • Liability-Only Cover
    • Package/Comprehensive Motor Insurance Policy
    Features
    • Comprehensive coverage is available
    • No-claim bonus for every claim-free year
    • Option to purchase and renew policy online
    Inclusions
    • Liability-only cover
    • Personal accident cover for self and co-passengers
    • Own-damage cover
    Exclusions
    • Damage due to consequential loss, mechanical/electrical breakdown or failure, and wear and tear
    • Tyre damage, unless the car is also damaged
    • Accident or damage caused due to an individual driving under influence of alcohol or drugs
    • Allied labour and costs of parts

     

    Features and Benefits

    • Digital policy purchase and renewal: Customers have the option of purchasing or renewing their car insurance policy through the insurer’s official website. However, if you would like to buy your policy through more traditional means, you can always walk into any one of the insurer’s branches in your city.
    • Discounts/Bonus: Policyholders can avail attractive discounts when they purchase a motor insurance policy from National Insurance. In order to reward safe driving, the insurer provides a No-Claim Bonus for every claim-free year. In addition, if you purchase your motor insurance policy from the insurer’s official website, you can also claim certain online discounts.
    • Customer Service: If you would like for a company representative to assist you or if you have certain queries, you can call the insurer on their toll-free number or send them an email on their dedicated email ID. The insurer also has an online chat feature on their official website. In order to start the chat, you will simply have to enter your name, email ID, and telephone number.
    • Speedy Claim Settlement: On the insurer’s official website, you will find a detailed, step-by-step process on how to lodge/file a claim. If all the steps mentioned are followed and the policyholder submits the necessary documents without delay, the claim will be settled by the insurer in a timely and hassle-free manner.
    • Choice of Coverage: National Insurance provides prospective policy buyers 2 types of coverage options. You can either choose a Liability-Only Cover, wherein you will only be covered for the death/injury of a third party and for third-party property damage (within Rs.7.5 lakh). You can also choose to avail the Package Cover or the Comprehensive Motor Insurance Policy, which will give you a more inclusive and exhaustive coverage.

    Easy Steps to Apply for a National Insurance Car Insurance Policy Online

    • Firstly, you will have to visit to the insurer’s official website, and then click on the ‘Motor Insurance – Private Car’ tab on the menu.
    • Once you have navigated to the Motor Insurance page on the website, you can click on the ‘Buy Online’ option.
    • You will then be re-directed to another page in which you will have to key-in certain details about yourself and your vehicle.
    • Once you have filled in all the necessary information, you can pay your premium via your Credit/Debit Card. The risk cover will commence only after the premium is paid.
    • If you require any assistance during this process, you can always reach out to the insurer’s Customer Service team on the toll-free number that’s mentioned on the website.

    Why should one Opt for National Insurance Company Limited?

    • Availability of 2 Coverage Options: While it is mandatory for every vehicle owner to have an active motor insurance policy, insured members can choose between a Liability-Only Coverage or a Comprehensive Coverage, as per their requirements.
    • Instant Policy Renewal: In addition to being able to purchase a policy online, National Insurance also provides members the added benefit of renewing their insurance policy directly through the insurer’s official website.
    • Discounts: Policyholders can avail discounts and bonuses, which can help reduce the overall premium payable.
    • Range of Insurance Products: The insurer has a very varied insurance product portfolio. In addition to motor insurance, the insurer also provides health insurance, personal insurance, rural insurance, and several other such insurance solutions to meet the needs of their diverse consumer base.

    Inclusion and Exclusion Criteria of National Insurance

    Inclusion Exclusion
    Individuals can purchase a Liability-Only Cover or a Comprehensive Motor Insurance Policy. Any vehicular damage caused due to the following factors are not covered:
    • General wear-and-tear
    • Consequential loss
    • Electrical/Mechanical breakdown
    A Liability-Only Policy will cover the following:
    • Death/injury occurring to a third-party, or
    • Damage occurring to a third-party’s property or assets
    Damage occurring only to the tyres will not be covered. However, if the tyres are damaged along with the car, the insurer will pay 50% of the cost of replacing the tyres.
    The Package/Comprehensive Motor Insurance policy will cover liabilities, damages caused to one’s own vehicle, loss of vehicle, and injury/death occurring to self/co-passengers. Accidents or bodily injury/death caused due to the vehicle owner or driver driving when he/she was under the influence of alcohol or other narcotic substances.
    The Comprehensive Policy covers damage caused to one’s own vehicle due to:
    • Man-made/natural calamities
    • Transit by rail, air, road, etc.
    • Theft or burglary
    • Acts of terrorism, malicious acts, strikes, and riots.
    Allied labour and costs of parts

    Insured Declared Value – National Insurance Company Limited

    The Insured Declared Value or the IDV is the maximum amount that the insurer is liable to pay to you in case of total loss or theft of the vehicle. This means that if your car happens to get stolen or is damaged beyond repair in an accident, this is the maximum sum that you can claim for. The insurer is not liable to pay you anything more.

    The determining factor of a vehicle’s IDV is its current market value excluding the rate of depreciation that occurs with time. The value of any accessories that are not factory fitted and the vehicle’s registration cost will also not be included in the calculation of the vehicle’s IDV. The rate of depreciation that will be taken into account as per the age of the vehicle is listed in the table below.

    Age of the Vehicle Percentage of Depreciation
    Under 6 months 5%
    Over 6 months but lesser than 1 year 15%
    Over 1 year but lesser than 2 years 20%
    Over 2 years but lesser than 3 years 30%
    Over 3 years but lesser than 4 years 40%
    Over 4 years but lesser than 5 years 50%
    Over 5 years Based on an agreement between the policyholder and the insurance company.

    Claim Process for National Insurance Company Limited

    In order to file a claim with National Insurance, you will have to follow the steps mentioned below:

    • In case of theft or loss, the concerned person will have to immediately report it to the Police.
    • Post this, the claim form will have to be collected and filled up by the policyholder.
    • This filled and signed claim form will have to submitted to the policy-issuing office along with all required documents and the FIR (if applicable).
    • A Loss Assessor/Surveyor may be appointed by the insurance firm, if necessary.
    • Once all documents are verified, the claim will be settled by the insurer and the payout will be made.
    • In certain cases, the insurer may make a provisional payment if the final claim payment is still pending.

    *The steps mentioned above are only indicative and not exhaustive. For more detailed information, you will need to contact the insurer.

    FAQs for National Car Insurance

    1. How do you define ‘depreciation’ in car insurance?

      The reduction in the vehicle’s value due to general wear-and-tear that occurs with time is called depreciation. Depreciation can play a large role in determining your vehicle’s IDV or Insured Declared Value.

    2. What is a No-Claim Bonus?

      The No-Claim Bonus is a certain bonus/discount that is provided by the insurer to reward you for not making any claims during the policy tenure. The No-Claim Bonus for the present policy year can help reduce your premium payable in the following year.

    3. Is Motor Insurance mandatory?

      Yes, purchasing a motor insurance policy is mandatory for every motor vehicle owner. You are required to, at the very least, have a third-party liability-only cover, by law. However, you can also consider purchasing a comprehensive insurance policy since it offers a higher amount of coverage and is more inclusive.

    4. Can I pay my premium online?

      Yes, you can purchase/renew your policy on National Insurance’s official website and the premium payments can be made by credit/debit card.

    5. What documents should I carry when driving my vehicle?

      While driving, ensure that you carry your car’s Insurance Certificate, Registration Certificate, PUC Certificate, and the driving licence of the person who is driving the vehicle.

    National Car Insurance Reviews

    • National Insurance Car Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I have purchased this two wheeler insurance with National insurance. I have paid insurance amount of Rs. 22000. I have no idea about the IDV value. They are providing the bumper to bumper, cashless garages, Road side assistance. My dealer recommended me to take the insurance with National company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • National Insurance Car Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have used my car insurance form the last 5 years from the NATIONAL INSURANCE and i have done in showroom and it is good. Premium is good and the IDV value is also satisfied. The policy coverage is for the bumper to bumper which is convenient to me.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 10, 2018
    • National Insurance Car Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I had no claim so far with my insurance i have been using it since last 8 years where the Documentation that i have done through the offline and premium that i pay through the office. Premium and IDV is satisfactory but the premium is higher comparatively.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 06, 2018
    • National Insurance Car Insurance
      "Don't go for that. "
      0.5 2.0/5 "Expected more"
      I have to pay from my pocket and then i have to claim the money. I have paid the premium amount of Rs. 7000. They wont reply for the reimbursement for my claim. I have to keep on g submitting the documents again and again. Benefits are okay. I did not get a proper response regarding the claim from them. Anyways, it was okay for the first time and I won't recommend this policy to anyone.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 06, 2018
    • National Insurance Car Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      From the NATIONAL INSURANCE i have been using it since few years but also i had no claim experience so far. The documentation that i had done through the offline. The policy coverage is good and and also added on that the IDV is satisfactory to me.
      Was this review helpful? 0
      , vadodara
      Reviewed on Aug 06, 2018
    • National Insurance Car Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I had a claim with the NATIONAL INSURANCE where it is good process of getting the claim actually i am not at my home but i got the smooth process of claim and it is done by showroom because i have purchased through the offline. Premium is satisfactory.
      Was this review helpful? 0
      , kota
      Reviewed on Aug 04, 2018
    • National Insurance Car Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I have no particular reason for getting my car insurance from the NATIONAL INSURANCE. Policy coverage is for the comprehensive and the documentation done on time through the offline. Premium and the IDV is good and i had no claim so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 03, 2018
    • National Insurance Car Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using since a year. I have got through the showroom where i have got my car insurance and i have been renewing it yearly once and also added on that the premium i pay it through the offline and the process is good. Policy coverage and also the IDV and premium is good.
      Was this review helpful? 0
      , delhi
      Reviewed on Aug 01, 2018
    • National Insurance Car Insurance
      "BETTER"
      0.5 5.0/5 "Blown Away!"
      I have taken my car insurance from the NATIONAL INSURANCE the reason is that i have an existing insurances from the national and so i have taken it. I had no claim experience with the insurance. Policy coverage is for the basic things. Documentation process is easy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 31, 2018
    • National Insurance Car Insurance
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I earlier had my car insurance with National Insurance. The services are not up to the mark. They need to work on it. The policy coverage is good, but the premium is on the higher side. I am not that happy with the experience. They need to be more proactive.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 31, 2018
    • National Insurance Car Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken my car insurance from National Insurance. It has expired now and I am looking out for a new policy. The process at National is also not smooth and easy. It is hectic as I had to directly visit the office and buy the policy. The policy coverage is normal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 05, 2018
    • National Insurance Car Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      Last time my insurer was National Insurance. The services was okay. I had to go over personally and buy the car insurance policy. It is not that convenient as well as I need to take the vehicle to buy the policy. Not sure on the premium and the IDV they had.
      Was this review helpful? 0
      , mysore
      Reviewed on Jun 23, 2018
    • National Insurance Car Insurance
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      I have taken my Car insurance with National Insurance. The process was good to buy this policy. I am happy with the IDV they have provided. The customer services is good. There are benefits of a road side assistance and also there is a cashless garage facility.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 22, 2018
    • National Insurance Car Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      My car insurance is with National insurance. The process and services are okay. But they can be more proactive in the process. The IDV is good but the premium is on the higher side. I am paying a premium of 17K. Not too sure on the other benefits.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2018
    • National Insurance Car Insurance
      "Overall good"
      0.5 3.0/5 "Satisfactory"
      My car insurance is with National insurance. The IDV offered on my vehicle is good and there are good benefits as well. They need to work more on the process as I need to go in person to renew the policy. They can be more customer friendly as well.
      Was this review helpful? 0
      , palakkad
      Reviewed on Jun 19, 2018
    • National Insurance Car Insurance
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      The previous year I purchased my car insurance from National insurance. The process was okay. They need to work on the premium costs when compared to the other companies. The IDV can also be better. The process to get the policy was good overall.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 13, 2018
    • National Insurance Car Insurance
      "The premium was high"
      0.5 2.0/5 "Expected more"
      I have taken a car insurance from National Insurance and the premium which i had to pay was comparatively high. The premium was 15000 which include accidental coverage, road assistance. If they could have minimized the premium i would have continued the policy with them.
      Was this review helpful? 0
      , thrissur
      Reviewed on Jun 11, 2018
    • National Insurance Car Insurance
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      From last 4 years i am using the car insurance from NATIONAL. From this insurance i had no claim for my car. My car insurance is paperless i have done it through the on line. Coverage is good and i am satisfied with the coverage. I am satisfied with the insurance they have provided.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 05, 2018
    • National Insurance Car Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have done through the showroom where i got my car .I have been using since 1 year. I had a claim experience and i am very happy that i have got the claim as per my expectation. Payment i do through the on line. Coverage is good. IDV value is good in my insurance.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 03, 2018
    • National Insurance Car Insurance
      "BETTER"
      0.5 5.0/5 "Blown Away!"
      I have been used for 2 year. I had got through the showroom where i got my car. I had a claiming experience and it was a very good because i got a cashless garage and that too excellent and it is also good. The premium is higher when compared to the others. ID value satisfied. Coverage is good.
      Was this review helpful? 0
      , ponnamaravathi
      Reviewed on Jun 03, 2018
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