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New India Car Insurance

Car Insurance
  • Get third party cover at low premiums
  • Choose from a variety of zero depreciation and roadside assistance covers
  • 3100+ cashless garages

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 2,097 offices in the country with as many as 19,000 employees and 50,000 agents.

Car Insurance Online from New India Car Insurance

Third-party Cover Up to Rs.7.5 lakhs
Cashless Network Garages NA
Incurred Claim Ratio 98.78%
Net Earned Premium NA
Covers Provided
  • Zero depreciation
  • Road tax cover
  • Return to invoice
  • NCB
  • Engine protect cover
  • Additional towing charges
  • Loss of content cover
  • Quick claim settlement
  • Instantaneous purchase
  • Wide range of add-ons
  • Third-party liability
  • Personal accident cover
  • Loss due to natural calamities
  • Loss due to man-made calamities
  • Loss due to wear & tear
  • Damage due to general aging of the car
  • Nuclear risks, war

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:

Driving license
RC book
Policy details
FIR, if required

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