National Insurance Company Ltd. is one of the oldest general insurance company in India. It was founded in 1906 to fulfil the nationalist aspiration for swaraj. After 6 decades it was merged with 11 Indian companies and 21 foreign companies to form what it is today and it became one of the four subsidiaries of the government owned General Insurance Corporation of India. It is headquartered in Kolkata.
Two wheelers or Motor insurance is no doubt one of the largest sectors in insurance market, and National Insurance had the largest share of market in the financial year 2015-16. It has an excellent rating by the government and has top rated customer reviews online.
Since it is a general insurance company, National Insurance also deals with health insurance, travel insurance, motor insurance, commercial risk insurance, rural insurance, Industrial insurance, personal accident, and home insurance and so on. If you are looking for an general insurance or two wheeler insurance National Insurance is the one to go with especially if you are in North and east zone.
You can opt for the traditional offline buy through agents and brokers or can directly visit the insurer’s office to buy any two wheeler insurance. The second way is easy and convenient for today’s lifestyle and that is through online mode. You can visit either a trusted third-party website or you can visit the insurer’s website to purchase or renew two wheeler insurance. This way you can get many better offers and discounts on your purchase and you will save yourself from paying commission and brokerage to the agents and middlemen.
You can also calculate the premium you have to pay for either purchase or renewal on any third-party website of insurer’s website through online Bike Insurance calculator. It is a tool which calculates the amount of premium you have to pay by inserting few values:
Any who is riding a two wheeler and of legal age can buy this insurance. The amount of influence you pay depends on the age, model and make of the bike, manufacturing, year, age of the vehicle, driving record, etc.
Claiming process under this insurer is extremely easy and hassle free, here are the steps you need to follow:
If you are renewing the policy, you can do so via online and it only takes few minutes and few clicks to complete the process. Go to the insurer’s website or any other trusted third-party website and click on online two wheeler insurance renew. You have to submit the previous policy details, along with personal information and click on submit. The insurer will send you a quote and you can pay through net banking or debit/credit cards.
The depreciation for the current year for the Insured Declared Value is as follows:
|Percentage of Depreciation||Age of the vehicle|
|5%||Between 0 to 6 months|
|15%||Between 6 months to 1 year|
|20%||Between 1 to 2 years|
|30%||Between 2 to 3 years|
|40%||Between 3 to 4 years|
|50%||Between 4 to 5 years|
For more information you can contact the customer care service number mentioned on the insurer’s website.
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