New India Assurance Co. Ltd. is a multinational general insurance firm operating in 28 countries across the globe, with its headquarters located in Mumbai, India. New India Assurance has over 2400 offices located across India out of which over 1300 are micro offices. Their wide operating network contributes to their large customer base in India. As on 30th June 2017, they have around 17000 employees and close to 68000 agents offering top insurance services for over 230 insurance products in India.
Insurer websites have a built-in tool called premium calculator which is used to calculate insurance premiums instantly. The calculator will have a number of fields where you need to fill in the respective details, and using this information the calculator will quote your insurance premium. Renewal premium calculator will have additional fields where you will have to fill in the details of your previous insurance as well and based on the information provided by you, your insurance premium will be calculated. New India Assurance Car Insurance has a renewal premium calculator for private cars and includes the following components:
Under this section you will have to fill in vehicle information such as year of manufacture, date of vehicle purchase, make of your car, etc.
Under this section you need to confirm the insurance coverage you want to opt for and whether you drive the vehicle or not.
Under this section you will have to specify the duration of the insurance policy you are renewing.
Under this section you need to provide details of your previous insurance policy such as previous policy number, policyholder’s name, etc.
Under this section you need to provide the original value and depreciated value of the accessories.
The information you provide under this section determines the discounts you can avail on your insurance premium.
If you want additional covers added to your base policy, you can mention it under this section.
Under this section, you need to provide your contact details such as your mobile number and mail id.
Once you have filled in the necessary details as above, you can click on the ‘Calculate Premium’ button present below the webpage and the calculator will calculate and quote your insurance premium.
There are two ways to renew your insurance policy:
Based on the premium quoted by the premium calculator, you can decide on whether to buy the insurance policy or not. If you do choose to buy the insurance policy, you can click the payment link to proceed and you will be directed to a web page asking for your payment details that you need to fill in and buy the insurance policy.
You could also visit any of the New India Assurance offices/meet with the insurance agents to discuss further and decide whether or not to renew your insurance with them.
New India Assurance offers a number of key insurance benefits such as:
New India Assurance has attractive insurance features such as:
Insurance renewal claim process depends on your insurance coverage and the kind of mishap:
Now, depending on the availability of cashless garage near you at the time of mishap, you can opt for either a cashless claim or reimbursement claim.
When raising a claim request, you need to submit documents such as copy of your insurance policy, copy of your driving license, certificate of registration of vehicle, invoices for your car repair (reimbursement claim), police FIR, etc.
This insurance policy covers third-party liabilities towards personal injuries, vehicle damages and/or external property damages.
Under this insurance policy vehicle damages caused due to man-made and natural calamities are covered.
The Solatium Fund Scheme was introduced by the Central Govt. to provide compensation for "Hit and Run" victims. Under this scheme, a compensation of Rs.12,500 is provided to the injured victim or his/her family and in cases resulting in the victim’s death, a compensation of Rs.25,000 is offered to his/her family.
New India Car Insurance comes with a number of exclusions and you cannot raise a claim in cases such as if you were under the influence of alcohol when the accident took place, if you don't hold a valid driving license, if your car breaks down due to mechanical/electrical failure, etc.