Buy New India Car Insurance Online - Check Plan Details & Reviews

New India Assurance Co. Ltd. is a government-owned insurance company that has a presence across the country. They are the market leaders in providing insurance services in India. New India car insurance is one of their products. With a vast network in India, the company has over 2,452 offices in the country with as many as 17,702 employees and 68,389 agents.

Car Insurance Online from New India Car Insurance

Third-party Cover	Coverage up to Rs.7.5 lakhs
Cashless Network Garages	NA
Incurred Claim Ratio 2017-18	79.68%
Net Earned Premium 2017-18	Rs.9,074.26 crore
Covers Provided	Zero depreciation Road tax cover Return to invoice NCB Engine protect cover Additional towing charges Loss of content cover
Features	Quick claim settlement Instantaneous purchase Wide range of add-ons
Inclusions	Third-party liability Personal accident cover Loss due to natural calamities Loss due to man-made calamities
Exclusions	Loss due to wear & tear Damage due to general aging of the car Nuclear risks, war

 

Types of New India Car Insurance Plans 

New India Assurance offers two types of car insurance plans – package plan and the liability only plan. Listed below are the features and benefits of both car insurance plans:  

  Liability only plan   

The liability plan offered by New India Assurance is a basic third-party car insurance plan which offers coverage for the third-party involved in the accident, for repair of damages caused to the vehicle and for medical expenses if the accident results in bodily injury, disability or even death. The third-party liability is up to Rs.7.5 lakh for cars and up to Rs.1 lakh if the third-party vehicle is a scooter or a motorcycle.  

  Package Plan   

The package plan offered by New India Assurance is a comprehensive car insurance policy which offers coverage for both the policyholder and the third-party involved in the accident. The package plan offers coverage not just for accidents, but for damages caused to the car following a natural calamity, riots, terrorist attacks, etc. Listed below are the inclusions of the package policy offered by New India Assurance:  

• Coverage for damages caused to the car following a fire, explosion or lightning.  
• Coverage up to the Insured Declared Value of the car if it is stolen.  
• Coverage for damages caused to the car following any malicious act, terrorist act, riot or a strike.  

• Coverage if the damage to car is caused following a natural calamity such as an earthquake, flood, cyclone, hurricane, landslide, etc.  

       Listed below are the exclusions of the package plan offered by New India Assurance:  

• If the damage caused to the car was the fault of the policyholder or car owner– consequential damage.  
• If damage is caused due to the natural wear and tear of the vehicle. 
• If the damage of the car is the result of war or any sort of civil war.  

• If the damage caused to the car is outside the coverage of New India Assurance.  
• Any damages caused to the tyres of the vehicle.  

Features and Benefits

• Customer support team - Be it before buying a policy or post purchase, a well-trained customer service team is always available to answer questions, clear doubts and help policyholders make claims, apply for a policy or renew the same.
• Discounts- Those who are members of the Automobile Association of India will be eligible for a special additional on the usual rates. Apart from this, policyholders can also avail the benefit of the no claim bonus discount. Those with anti-theft devices installed will also be eligible for an additional discount.
• Hassle-free claim settlement-Claims are settled in a speedy manner without any hassles by an expert team. The process of initiating a claim during an emergency situation is also very convenient.

Easy Steps To Apply New India Car Insurance Online

• Log on to the company website and go to the motor car insurance section
• Click on the ‘Buy Online’ link to get all details and make a purchase online
• Once you click on the link, you will be redirected to a page where you have to fill in your personal details and your car details to get an insurance quote.
• If you are happy with the insurance quote, you can proceed to make payment. Once this is done the policy will be sent to the buyer immediately.
• If you have any questions during the purchase process, you can always call the toll-free number.

Why New India Car Insurance

Government owned

Easy purchase online

Instant renewal

Host of discounts

No claim bonus

Wide range of add-on covers

Add-on covers on New India Car Insurance

Let's explore the add-on covers offered by New India:

• Zero depreciation- This allows the policyholder to make up for the loss caused due to depreciation of the vehicle in concern during a claim. The depreciation is covered for the parts of the car and in case of an accident or unfortunate event, the policyholder will be eligible to receive all expenses without taking into consideration any kind of depreciation.
• Road tax cover- This benefit can be availed till the car is 3 years old. This add-on will basically cover the difference in the amount between the manufacturer’s price and the insured declared value of the vehicle. The maximum amount of cover that can be claimed under this slab id Rs.20 lakhs.
• No claim bonus- A no claim bonus discount can be availed by the policyholder even after he/she makes 2 claims during the policy year. The customer will be eligible for this discount if his/her car is up to 7 years old but not older.
• Engine protect cover- In cases where there arises any kind of damage to the engine of the car or any other engine-related parts, this add-on will provide coverage to cover the expenses towards the repair and replacement of the same.
• Towing charges- If you seek towing assistance during an emergency situation from the spot of the accident and the nearest cashless network garage, the costs towards the same will be taken care of by the car insurance policy upon payment of an additional add-on charge. A maximum of Rs.10,000 can be claimed under this feature.
• Content protection- Any type of personal belongings that are locked up in the car during the time of an accident or an unfortunate can be claimed under this. Personal belongings like cell phones, laptops, pieces of clothing, jewelry, keys etc. A maximum amount of Rs.20,000 can be claimed under this cover option.

Inclusion & Exclusion on New India Car Insurance

Inclusions	Exclusions
Loss or damage caused due to: Fire, explosion & self-ignition Natural calamities such as floods, storms, landslides, earthquakes, rockslides, hurricanes, lightning	When the policyholder uses the vehicle contrary to mandated instructions
Loss due to theft, robbery, and other manmade calamities such as strike, riots, terrorist activities, accidental external damage	Accident due to intoxication
Damage caused due to travel by road, air, elevator, inland waterway	Damage due to own negligence
Third-party liability in cases of injury, death or damage	Mechanical or electrical breakdown
Personal accident cover	Loss due to nuclear risks
Loss due to electrical or non-electrical accessories	War related risks
Legal liability to passengers who do not pay fares	Consequential loss
	Contractual liability
	Loss of accessories by theft
	If used/driven outside geographical area

Insured Declared Value - New India Car Insurance

• The Insured Declared Value (IDV) of a car is usually determined based on the listed price of the manufacturer and the brand of the car.
• The IDV usually refers to the sum that the policyholder will be eligible to avail at the time of making of a claim.
• If the car is 5 years or older the IDV will have to be calculated based on an understanding between the insurance provider and the insured party. Below is the sample illustrating how IDV is calculated:

Age of vehicle	% of depreciation
Not exceeding 6 months	5%
Exceeding 6 months but not exceeding 1 year	15%
Exceeding 1 year but not exceeding 2 years	20%
Exceeding 2 years but not exceeding 3 years	30%
Exceeding 3 years but not exceeding 4 years	40%
Exceeding 4 years but not exceeding 5 years	50%

New India Car Insurance Cashless Garages

New India has a wide network of cashless garage network garages were customers can avail services without any hassles. You can log on to their website to find out where the nearest network garage is located or even call on the toll-free number for 24/7 assistance on this.

Claim Process New India Car Insurance

The claim process will vary slightly depending on the type of claim made. This depends on if the damage is caused due to an accident, theft, natural calamities, manmade calamities or by a third-party. In general, to make a claim, the policyholder has to first notify the insurance provider and keep basic documentation in place. Claims can be made through the wide cashless garages network, where the customer can drive the car or get it towed for repair. In this case the service will be cashless and the insurance provider will directly pay the concerned network garage. In case, repair works have already taken place, reimbursement of the same expenses can be claimed under the insurance policy. In case of an accident, theft, or bodily injury, one should always keep in mind that it is best to inform the police and file an FIR at the nearest possible police station. Following are the documents that need to be kept in place while making a claim:

Self-attested claim form

Copy of the driving license of the policyholder

Registration certificate of the insured car

Road tax certificate of the insured car

Police FIR if the damage was caused due to an accident

Claim intimation form issued by the insurer

Invoice from the service station

Receipt of the last-paid premium

Fitness certificate of the vehicle

Cashless Claim Process New India Car Insurance

Let’s explore the cashless claim process:

• Intimate the insurance provider
• Drive the car to the network garage or get it towed
• Provide policy details
• The payment for the service will be made by New India to the empanelled network garage

Reimbursement Claim Process New India Car Insurance

Let's explore the reimbursement claim process:

• Intimate the insurance provider
• Keep all bills, invoices and expense documents ready for submission
• Fill in the duly signed claim form
• Give all policy details, submit the form and the bills
• Reimbursement should be made within 7 working days

FAQs  

1. How can I pay for the premiums of my New India car insurance policy? What if I have failed to renew my car insurance policy? Can I still make a claim? 

You can pay for the premium of your car insurance either online on the website of New India Assurance via your debit card, credit card or net banking account or you can pay via cash or cheque at any branch of the insurer. If you’ve failed to pay your premiums on time and have allowed the policy to lapse, then your claim will be rejected.  

2. How can I renew my New India car insurance policy online? 

Follow the steps to renew your car insurance policy online on the website of New India Assurance:  

• Visit the New India Assurance website and login using your customer ID and date of birth.  
• Once you have logged in, enter your policy number and expiry date, and click on ‘proceed’.  
• Choose renew policy and enter the payment mode – debit card, credit card or net banking.  
• Pay for the policy and print the receipt.  
3. Why was my car insurance policy rejected?  

Your car insurance policy was rejected either because you have not paid your premium for the car insurance plan or possibly because your car was damaged following an incident or condition that is listed in the policy exclusion list. Basically, if the damage to the car is deemed as consequential loss – due to your fault.  

4. What should I do if I have serviced my car following an accident at a service station that is not listed by New India Assurance? 

If your car has been serviced at a garage that is not a network service station of New India Assurance, then you have no option for the cashless claim settlement, and you will have to settle for the reimbursement claim settlement. Basically, you will have to make the payments for the service from your own pocket and then submit the bills and relevant documents to New India Assurance for reimbursement.   

5. How soon should I raise a claim following an accident?  

Following an accident, you should waste no time in intimating the insurer about the incident. The insurer might send a surveyor to assess the damage caused to car and figure out the cause of the accident or you will have to get the insurer to get the car towed to the closest network garage of New India Assurance. The network garage will then process the claim for the cashless settlement.