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  • New India Two Wheeler Insurance

    Two Wheeler Insurance
    • Get quotes from multiple insurers
    • Cashless garages available
    • Buy/renew your policy online without hassles

    The Government of India made it mandatory for all vehicles to have a third-party liability policy under the Motor Vehicles Act, 1988. New India Assurance offers an insurance policy that can be purchased easily online. Two-wheelers reduce the time commuting in a busy city and therefore are a preferred mode of transport by many people in India. But with so many two wheelers on the road, it is important to be protected against financial liabilities that might arise out of accidents. Having a valid motor insurance policy is the best way to be prepared to meet such contingencies.

    Features And Benefits Of New India Assurance Two Wheeler Insurance

    Type of Plan Package Policy Third Party Liability
    Policy Period 12 months 12 months
    Policy Types Comprehensive cover Liability only
    Policy Coverage
    • Theft
    • Physical damage
    • Third-party liability
    • Damage or injury to a third party
    • Damage to third party property
    Exclusions
    • Claims due to contractual liabilities
    • Normal wear and tear
    • Electrical or mechanical breakdown
    • Invalid driving licence
    • Loss or damage due to war
    • Riding under the influence of alcohol or drugs
    • Consequential loss
    Renewal frequency End of policy term End of policy term
    Available Add ons
    • Nil Depreciation Cover
    • Inclusion of Road Tax cover
    • Return of Invoice
    • NCB Protection
    • Engine Protect Cover
    • Additional Towing Charges
    • Loss of Content Cover
    No Claim Benefit Provided for every claim-free year. Discount ranges between 20% to 50%.
    No Claim Benefit after Claim NCB becomes nil NCB becomes nil
    Zero Depreciation Cover Available for vehicles upto 5 years old Available for vehicles upto 5 years old
    Refund Facility Not specified Not specified
    Policy Expiration The policy will expire on at the end of the policy term. You may renew the policy to continue your coverage
    Network Garage Over 800+ network garages

    Reasons To Choose New India Assurance Bike Insurance

    When you opt for a bike insurance policy from New India Assurance, you stand to benefit from a number of value-added features.

    • Easy Claim Settlement

      Assistance is provided round the clock by New India Assurance to customers all across India.

    • No Claim Bonus

      Enjoy discounts on premium for every claim-free year. You can get up to 50% of on your premiums through NCB.

    • Cashless Claims

      You can make cashless claims at any of the garages in New India Assurance’s network.

    • Add Ons

      New India Assurance provides a range of add-on options for customers to enhance the level of protection provided with their insurance plan.

     

    Two Wheeler Insurance Plans Offered By New India Assurance

    New India Assurance offers two motor insurance policies which customers can choose from depending on their needs.

    Liability Only Policy

    This policy covers only death, injury or damage caused to a third party. Under this policy, if death or injury is caused to a third party, there is no limit on the amount covered. For damages to a third-party property, then Rs.7.5 lakh is the maximum limit covered under private and commercial vehicles. For two wheeler insurance policies, only Rs.1 lakh will be covered if damage is caused to third party.

    Package Policy

    By opting for this plan, you can be insured in the following instances for damage to your own vehicle and its accessories along with third-party liabilities:

    • Damage or loss caused by natural calamities
    • Damage or loss caused by manmade calamities
    • Personal Accident Cover
    • Third-Party Legal Liability

    This plan carries the benefits of cashless claims if you avail the services of a network garage. You can also benefit from No Claim Bonuses upon renewal if you do not make a claim during the policy term. Apart from this, you will be eligible for up to Rs.300 for towing charges.

    Coverage Offered Under New India Assurance Bike Insurance

    If you buy a liability-only policy, you will be covered against expenses incurred if you cause damage to a third party or their property. If you choose a package policy, then you will receive benefits against damages to your own vehicle and self. Depending on the policy you have chosen, your coverage will vary.

    • Third-party liability

    This coverage is provided under both plan options. If you cause any accidental damages or loss to a third party, the insurance company will pay for any legal liabilities as per the provisions of the plan. Any expenses related to accidental death, permanent injury or damage to property of a third party will be covered.

    • Loss or damage to own vehicle due to manmade disasters

    The 2 wheeler insurance policy will also cover certain manmade disasters. These include accident by external means, theft, burglary, riot, strike, terrorist activity, any malicious act, any damage in transit by air, rail, road, rail, inland waterway, lift, or elevator.

    • Loss or damage to own vehicle due to natural calamities

    The natural calamities covered include fire, explosion, hurricane, tempest, cyclone, self-ignition or lightning, typhoon, earthquake, storm, frost, inundation, hail storm, flood, landslide and rockslide. If your vehicle is damaged or lost completely due to natural events, the insurance plan will pay out a benefit to cover expenses or losses.

    • Optional Add-on cover

      • Nil Depreciation Cover - Customers do not have to bear depreciation on metal, plastic, fiber and rubber parts, which usually ranges between 5% and 50%. This enhancement cover is available for vehicles up to the age of 5 years.
      • Inclusion of Road Tax cover - In the event that the bike needs to be replaced, this add-on will protect the customer from bearing the Road Tax.
      • Return of Invoice - For vehicles up to the age of 3 years, this cover is available. This add-on protects the insured from the difference between the IDV stated in the policy and the dealer’s listed selling price as on the date of the accident on the same make and model.
      • NCB Protection - With this cover, even in the event of a claim, the customer can aval the next slab of NCB. Up to 2 admissible OD claims are allowed during the policy period.
      • Engine Protect Cover - Customers can be protected against consequential losses caused to the engine and its parts.
      • Additional Towing Charges - Get a reimbursement of towing charges over and above the standard Rs.300 provided under the base plan.
      • Loss of Content Cover - If the customer loses personal belongings in an accident, this add-on will provide protection for up to Rs.20,000, subject to a maximum of 20% of the sum assured.

    Exclusions In New India Assurance Two Wheeler Insurance

    There are certain exclusions applicable under a 2 wheeler insurance policy from New India Assurance. Under these particular circumstances, the insurer will not be liable to pay any benefits to the policyholder.

    • Consequential loss
    • Damage caused by a person riding without a valid driving licence
    • Damage caused by a person riding under the influence of alcohol or drugs
    • Wear and tear of the two-wheeler
    • Electrical or mechanical breakdown
    • Loss or damage due to war, nuclear risk or mutiny
    • Vehicles used for purposes other than in accordance with the limitations of use

    Eligibility To Buy New India Assurance Bike Insurance Online:

    Any 2 wheeler owner can avail a motor insurance policy from New India Assurance if the vehicle is registered in his/her name with the Regional Transport Authority of India. In addition to this, New India Assurance might take into consideration the following factors:

    • Vehicle age - Vehicles up to the age of 15 years can be insured.
    • Driver details - The person who will be using the vehicle must be of legal age to ride and have a valid license.
    • Fitness certificate - The vehicle might need a fitness certificate, especially if it is an old bike.
    • Inspection - Depending on the vehicle, an inspection by a representative of New India Assurance might be required.
    • Modifications - Some insurance providers might be reluctant to insure a vehicle with modifications, or might provide insurance at a higher premium.
    • Payment - Depending on the plan chosen, a premium amount will have to be paid to avail the policy.

    Steps To Buy New India Assurance 2 Wheeler Insurance Policy Online:

    You can buy a two-wheeler insurance policy from New India Assurance easily online.

    • Log on to the New India Assurance official website.
    • Choose “Buy Online” or “Two-wheeler” under products.
    • You will see an option to enter the details of bike.
    • Enter the make, model, and nearest city of purchase or registration.
    • Enter your contact details.
    • Click on “Calculate Premium”.
    • You will be given the details of how much premium you need to pay in order to be insured for the ideal IDV (Insured Declared Value).
    • If you are satisfied with the price, you can go ahead and purchase the policy.
    • Once you make the payment, the policy will be issued.

    How To Make A Claim From New India Assurance General Insurance?

    Liability Claim

    • You need to intimate the claim immediately to New India Assurance. Inform them of any accident or incident that might give rise to a liability claim.
    • If you receive a summons to court, you need to send it to the insurer immediately.
    • Fill up a claim form and submit it along with the following documents to New India Assurance:
    • Registration certificate
    • Driving licence
    • FIR

    Theft of vehicle

    • File an FIR with the police as soon as possible.
    • Contact your policy-issuing officer and provide him with a copy of the FIR.
    • When you receive the Final Police Report, submit it to the insurer.
    • A surveyor or investigator will be appointed.
    • Once the claim is approved, you will be required to transfer the Registration Certificate of the vehicle to New India Assurance, submit a letter of Subrogation and Indemnity on stamp paper that has been duly notarized. You will also have to hand over the keys of the vehicle.

    Accidental Damage Claim

    • Intimate the claim to the nearest New India Assurance branch.
    • A claim form will be issued which you need to fill in.
    • Submit the form along with the following:
      • Copy of Registration Certificate
      • Copy of Driving Licence of the driver of the vehicle at the time of accident
      • Estimate of repairs
    • A surveyor will be appointed to investigate and report back to the insurer.
    • If the vehicle has major damage, then a spot survey at the accident site will be arranged.
    • The insured needs to submit any bills and cash memos.
    • Salvage of damaged parts might need to be given to New India Assurance once the claim is approved.

    Renew New India Assurance Two Wheeler Insurance Online In A Few Simple Steps

    When you renew your policy on time, it is hassle-free and much simpler. Once the policy expires, renewal might require additional inspections and other information before the insurer is satisfied to give you a policy. Renewing your policy can be done in a few simple steps.

    • Log on to the New India Assurance official website.
    • Choose “Buy Online” or “Two-wheeler” under products.
    • You will see an option to enter the details of bike.
    • Enter the make, model, and nearest city of purchase or registration.
    • Enter your contact details.
    • Click on “Calculate Premium”.
    • You will be given the details of how much premium you need to pay in order to be insured for the ideal IDV (Insured Declared Value).
    • If you are satisfied with the price, you can go ahead and purchase the policy.
    • Once you make the payment, the policy will be issued.

    Why Deductible Is Important In A New India Assurance Two Wheeler Insurance Plan?

    Your insurer might mention a deductible when you avail an insurance plan for your two wheeler. A deductible is simply an amount you are willing to pay in the event you incur costs in an accident involving your two wheeler. The insurance provider will be liable to pay for the remaining amount. For example, if you opt for a 10% deductible, then the insurer will only pay 90% of the cost, to the extent of the sum assured. You will be liable to pay for 10% of the damages caused to your vehicle or a third party. A higher deductible will lower your premiums, but this will also mean that in case of an accident, you will be liable to pay a higher amount. Choosing a lower deductible will increase your premiums, but at the time of claiming insurance, New India Assurance will pay a higher amount.

    What To Do If Your New India Assurance Bike Insurance Plan Expires?

    It is mandatory to have an active motor insurance plan as per the prevailing motor laws of India. Furthermore, it is unsafe to ride your bike without a valid insurance policy. In the event of an accident, you might incur high costs in damages to your own vehicle and to third-parties involved, including any damages to surrounding property. A valid insurance policy will help you take care of the expenses. If you have missed the renewal date and your policy has lapsed, there are a few things you can do to remedy the situation. If you wish to renew a lapsed policy, you will need to contact New India Assurance customer care and find out what options are available. Alternatively, you can purchase a fresh policy.

    • Log on to the official New India Assurance website.
    • Choose to purchase a new policy.
    • Enter your details and calculate your premiums.
    • If you are satisfied with the cost of the plan, you can make the payment.
    • Once the premium is paid, the policy will be issued.

    New India Assurance Two Wheeler Insurance Customer Care Service:

    New India Assurance provides a customer care service round the clock to address any grievances, claim settlements, queries and complaints that customers might have.

    • Toll-free hotline - 1800-209-1415
    • Email - tech.support@newindia.co.in
    • Address

    Corporate Head Office

    New India Assurance Building

    87 M.G. Road, Fort, Mumbai - 400001

    New India Assurance Two Wheeler Insurance Frequently Asked Questions:

    1. Does New India Assurance provide cashless settlements?

      Yes, cashless settlements can be availed at any network garage.

    2. What is a No Claim Bonus?

      If you do not make a claim in the year, you will be entitled to receive a discount on your renewal premium. This is called No Claim Bonus. The bonus increases with every claim-free year but is subject to a maximum of 50%.

    3. How much premium do I have to pay to avail a two-wheeler insurance policy?

      The premiums for a two wheeler insurance policy depends on these factors:

      • Insured's Declared Value (IDV)
      • Age of the vehicle
      • Cubic Capacity of the vehicle
      • Geographical Zones
      • Add-on coverage
    4. How do I know if the garage I’ve chosen is a network garage?

      New India Assurance provides a list of network garages on its official website. You can also contact the customer care for assistance to find out if the garage is within the New India Assurance cashless network.

    5. What is Solatium Fund Scheme?

      This scheme was set up by the Central Government of India to ensure that families of hit-and-run cases receive compensation. In the event of death, Rs.25,000 is paid. For other injuries, Rs.12,500 is payable.

    This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.

    Two Wheeler Insurance Reviews

    • review Two Wheeler Insurance
      "Its Average"
      0.5 3.5/5 "Pretty good"
      New India premium is economical in the market, they gave me the best coverage value for my yamaha bike. They are covering for metal and iron parts but its not included for plastic or glass parts. That particular plan which I was taken doesn't have third party cover.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 12, 2018
    • review Two Wheeler Insurance
      "Cut the durablity graph and provide online services"
      0.5 2.0/5 "Expected more"
      Since its a Government options, i have go to visit their office for the claim process. I have visited the 4 times to get the claim. To get the address of the branch is too difficult and call centre is not easy to reach. I have sent a mail to New India after many follow up they have given a reply by giving some phone numbers. When i called that its not reachable. He asked the three different of documents whenever visit their branch office. They were not willing to credit the amount in my account and i just went to their office to collect the cheque. They gave me a coverage of Rs. 80000 since its a new bike.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 11, 2018
    • review Two Wheeler Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      Actually they have offered me a zero depreciation policy for 3 years which is a very good policy. Surely i will recommend this policy to others. I have made a premium amount of rs. 6000 for continuous 3 years. 2 years before, i have bought this policy. Since its a zero debt policy, they will give a claim upto 100%.
      Was this review helpful? 0
      , purnia
      Reviewed on Oct 09, 2018
    • review Two Wheeler Insurance
      "Good Policy from Good Company"
      0.5 5.0/5 "Blown Away!"
      In the month of February, i have purchased the two wheeler insurance. I have made a premium amount of Rs. 2500 and they have given me a coverage amount of Rs. 65000 and I'm happy about it. Since New India is the best for insurance hence i have chosen this policy. I had no experienced of any claim so i have not required to call the call center.
      Was this review helpful? 0
      , agra
      Reviewed on Oct 08, 2018
    • review Two Wheeler Insurance
      "Average policy"
      0.5 4.0/5 "Great!"
      In first time i have not personally not chosen this policy. The dealer has provided this two wheeler insurance policy to me with New India. I have made a premium amount of Rs. 1800. I have no idea about the coverage amount. I have not claimed anything by using this website. I never called up their call center.
      Was this review helpful? 0
      , vasco
      Reviewed on Oct 05, 2018
    • review Two Wheeler Insurance
      "Can do Better"
      0.5 2.0/5 "Expected more"
      I don't find New India Assurance service is not that much good as other private insurance company, but the cost of the policy is economical . I have insured my Hero Moto corp Karizma zmr bike with better coverage. Though everything is good, service
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 04, 2018
    • review Two Wheeler Insurance
      "Looking for better offer and features"
      0.5 3.0/5 "Satisfactory"
      New India Assurance premium is not competitive as per the market, previously I had bike insurance with them for the tenure of one year. But when I thought to renew the policy I felt cost is higher and its the matter of everything therefore I switched over to other provider.
      Was this review helpful? 0
      , solapur
      Reviewed on Oct 03, 2018
    • review Two Wheeler Insurance
      "Average policy"
      0.5 4.5/5 "Excellent!"
      In New India, they have paid the premium amount and given the hard copy of the documents immediately. Since i have approached the branch directly, i never contact their call center. The branch experience was good. I have claimed around Rs. 40000 from this policy. I have to visit many times to get the claim. There is no much difference between this company and other company policies.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 02, 2018
    • review Two Wheeler Insurance
      "Best policy"
      0.5 4.0/5 "Great!"
      I never interacted with the customer care service in New India. I have taken my two wheeler insurance in February month. I pay the premium amount of Rs.1200 approximately. I have no idea about the IDV value. My relative has referred me about this policy. I have purchased this policy in their branch.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 27, 2018
    • review Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I had and experience with NEW INDIA INSURANCE as a health insurance policy from last 8 years and i had a claim also which is for 10k it is smooth process customer support interaction is also good they have helped to get the claim. Premium i paid approximately 9600k they provided the medical coverage of 3lakhs 50k which covers family along with extra coverages.
      Was this review helpful? 0
      , guwahati
      Reviewed on Sep 21, 2018
    • review Two Wheeler Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I have previously purchased the two wheeler policy with New India Assurance because it is better among the all when compared. I have used for 1 year but they have provided the 3rd party insurance along with satisfactory premium. I had no claim experience with this policy.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 21, 2018
    • review Two Wheeler Insurance
      "Good company"
      0.5 4.0/5 "Great!"
      I had taken my two wheeler insurance policy policy continuously for 25 years. The same renewal I'm doing with same company and they used to send a notification messages regarding the renewal. I have paid a premium amount of Rs. 2000 nearly. I have no idea about the IDV value.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 18, 2018
    • review Two Wheeler Insurance
      "Average policy"
      0.5 3.5/5 "Pretty good"
      My two wheeler insurance policy is with New India. I have bought this policy last year. I have made a premium amount of Rs. 820. I have chosen this company because the branch is located nearby my place. I have not claimed anything in this policy. Its a third party insurance which (2+3) insurance. They have offered me a IDV value of Rs. 15000.
      Was this review helpful? 0
      , erode
      Reviewed on Sep 18, 2018
    • review Two Wheeler Insurance
      "Good to opt for the money"
      0.5 5.0/5 "Blown Away!"
      From 2008, i have my two wheeler with new india, When i purchase the policy the dealer has provided the policy with New India. Initially, i had a claim experience with them and it gone well. I had done a payment of Rs. 900 when i hold it for last time. I never called their customer care service as of now.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 09, 2018
    • review Two Wheeler Insurance
      "Good Government service provider"
      0.5 4.0/5 "Great!"
      My two wheeler insurance policy was taken last year only. I have no idea about the premium amount what i have paid and i don't remember about the IDV value too. I have selected the New India because the premium was less with a maximum benefits. I have been carrying the New India insurance for past 3 years. Overall, i'm satisfied with New India.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 09, 2018
    • review Two Wheeler Insurance
      "Service is excellent."
      0.5 5.0/5 "Blown Away!"
      I have been using this new India two wheeler insurance continuously for 14 years. I used to make the premium amount of Rs. 1000. I have a agent who will come to office directly and renew the policy. I used to make the payment through cash. Since its 2006 Crux model bike, they have offered me a IDV value of Rs. 18000 this year.
      Was this review helpful? 0
      , tirupur
      Reviewed on Sep 09, 2018
    • review Two Wheeler Insurance
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      I am holding the two wheeler policy with NEW INDIA ASSURENCE since last 4 years through showroom where i have purchased the insurance along with my two wheeler. Premium and the IDV value where nominal added on that the coverage they offer zero depreciation.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 08, 2018
    • review Two Wheeler Insurance
      "Very Good policy"
      0.5 4.0/5 "Great!"
      I have never contacted with the customer care service. I'm satisfied with the benefits provided by New India insurance. I pay the premium of Rs. 1100 for my insurance. In 2015, i have purchase the policy. I'm continuously using the same insurance company for my vehicle. I used to make the premium through cash.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 02, 2018
    • review Two Wheeler Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I have used the two wheeler insurance policy with the NEW INDIA and used for 5 years previously where it is satisfactory also added on that i have not experienced with the claim. They have provided me the basic coverage but the premium is satisfactory.
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 28, 2018
    • review Two Wheeler Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have purchased previously used the two wheeler policy with the New India Assurance and i have used for 5 years but i have not experienced with the claim. The premium and also the IDV value were nominal what they haev provided to this policy.
      Was this review helpful? 0
      , nasik
      Reviewed on Aug 27, 2018
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