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About New India Assurance Car Insurance

New India Assurance Company is the largest public sector general insurance company in India. Founded in 1919 by Sir Dorabji Tata, the company has a presence all over the country as well as internationally in 28 other countries. In India, New India Assurance Company has more than 2450 offices, more than 1300 micro offices along with 17,702 employees and 68,389 tied agents. The company offers almost 230 insurance products. Being an expert in the non-life insurance business, New India Assurance Company has received many awards and accolades. Following are some of them:

  • The company has received ‘India Insurance Summit – Insurance Company of the Year’’ consistently for a few years
  • The company has received the ‘Best General Insurance Company’ title by ABP News
  • The company has received ‘Claims Service Leader – Large Companies Category’ under Fintelekt Indian Insurance Awards

With its product diversity and wide-spread presence, the company has been consistently recognised for its contribution to the growth of the Indian insurance sector. New India Assurance Company offers a wide range of non-life insurance products that include car insurance, bike insurance, health insurance, travel insurance, rural insurance, commercial insurance and many more.

New India Assurance Claim Settlement Ratio

93%

New India Assurance

94.67%

Industry Average

Car claim settlement ratio is the percentage of claims settled against the total claims received by the insurance company in a given fiscal year. New India Assurance has a claim settlement ratio of 93%, as compared to the industry average of 94.67%.

New India Assurance Car Insurance Plans Overview

New India Assurance car insurance offers 3 car insurance plans. The premium of these plans starts from Rs. 948/yr. Details of the comprehensive coverage provided by the following 3 New India Assurance car insurance plans are listed below:

New India Assurance Comprehensive Car Insurance

Starting Premium- ₹ 2,494/yr

There are types of New India Assurance Comprehensive plans

  1. Package policy

Package policy covers third party liability, loss or damage caused to own vehicle due to any natural calamities or man-made perils and personal accident cover for self. Basically, a package policy provides comprehensive protection against all potential risks.

New India Assurance Own Damage Car Insurance

Starting Premium- ₹ 948/yr

There are types of New India Assurance Own damage plans

  1. Standalone own damage cover for private car

New India Assurance Company offers a standalone policy for availing own damage cover to the car which covers various risks that could cause loss or damage to the insured car.

New India Assurance Third Party Car Insurance

Starting Premium- ₹ 2,094/yr

There are types of New India Assurance Third Party plans

  1. Liability only covers:

This covers the legal liability of the owner-driver in case the car is involved in an accident causing third party property damage or resulting in death or bodily injury to the third party. The coverage also includes personal accident cover for owner-driver.

New India Assurance Premium Calculator

Use our New India Assurance car insurance premium calculator to estimate New India Assurance car insurance premium for your car within 30 seconds

Add-ons Available Under New India Assurance Car Insurance Plans

Add-ons are additional coverage benefits which can be chosen voluntarily by paying an additional premium. Add-ons help increase the scope of coverage of the Car insurance policy. New India Assurance Car insurance plans offer the following types of add-ons with the comprehensive policy:

This add-on covers the loss or damage to the accessories fitted in the vehicle such as stereos, air-conditioners and fans etc.

Personal accident cover for passengers and paid drivers

Additional towing charges cover which reimburses the towing charges for up to INR 10,000

Features Of New India Assurance Car Insurance Plans

Following are the key features and benefits of New India Assurance car insurance policy:

  • The policy provides comprehensive coverage
  • The policy offers no claim discount ranging from 20% to 50% depending on the claim-free record
  • The policy can be customised based on the requirement and coverage can be extended with add-ons which costs extra premium
  • Policy benefits the survivor in case the accident results in death
  • The policy covers the lawsuits resulting from an accident
  • Protects the vehicle insured from various kinds of perils
  • The policy offers additional discounts for safety measures taken such as the installation of an anti-theft device
  • The policy can be conveniently bought online and offers instant renewal
  • The policy offers a host of discounts and 24/7 customer support
  • Cashless facility through a wider network of cashless garages across the country

Exclusions Under New India Assurance Car Insurance Plans

Following are the exclusions under New India Assurance car insurance policy:

  • Wear and tear
  • Consequential loss
  • Loss or damage caused due to the vehicle being driven under the influence of alcohol and intoxicating drugs
  • Mechanical breakdowns
  • Loss or damage caused due to war, civil war, mutiny, rebellion, invasion and hostilities etc.
  • Use of vehicle otherwise than in accordance with limitations as to use’ (e.g. private car being used as a taxi)
  • Loss or damage caused when driving the vehicle with invalid driving license
  • Claims arising out of contractual liability

How To Raise A Claim Under New India Assurance Car Insurance

Claim Process for New India Assurance Car Insurance
Following is the process

  • Immediately intimate the insurance company during an accident or on the occurrence of a claim
  • Lodge an F.I.R with the police immediately in case of theft and third party claims
  • Take the car to a preferred network garage
  • Submit all the documents to surveyor appointed by the insurer
  • The surveyor will estimate the repair cost and based on surveyor’s report insurance company will provide approval
  • Payment of claims will be directly made to the network garage
  • In case of reimbursement, submit all final bills or cash memos to the insurance company to get the claim amount reimbursed

Documents Required For Claims

Documents Required for Claims in New India Assurance Car Insurance

  • Claim form filled and duly signed
  • Copy of original policy document
  • Copy of driver’s license
  • Copy of Registration book
  • Repair cost estimation
  • Receipts of bill payment
  • Police FIR in case of theft and third party liability cases

New India Assurance Customer Care

Customer Care Number

New India Assurance Car Insurance Renewal Process

New India Assurance car insurance plans can be bought/renewed online without any hassles through Turtlemint. Following are the simple steps to follow for purchase or New India Assurance car insurance renewal online:

  • Log on to Turtlemint home page
  • Choose the category as ‘car insurance’
  • Once you click on the category, you are requested to input car registration number or registration location code
  • Once you provide the details, you can choose whether you want to renew your car insurance policy or buy a new policy for your car.
  • If you choose ‘’buy new policy’’ you are requested to provide further details such as the car details (make and model of your vehicle, year of manufacturing, fuel type and variant) and personal details (name, contact information)
  • Based on your details, car insurance policy quotes are generated. You can compare the plans offered by various insurance companies on the side by side basis before you select New India Assurance car insurance policy
  • If you choose ‘’renew my policy’’, you are requested to provide further details such as the car details (make and model of your vehicle, year of manufacturing, fuel type and variant), expiry date of existing policy, policy type, previous claims, if any, no claim discount applicable, details of your insurance company and your personal details
  • Based on your details, car insurance policy quotes are generated. You can compare the plans offered by various insurance companies on the side by side basis before you make New India Assurance car insurance renewal
  • After choosing the plan, provide relevant details and continue to make payment through net banking/debit card/credit card. That completes your buying/renewal of car insurance policy.

FAQs

The premium for car insurance is calculated by taking into consideration various factors. Following are some of the important factors considered for premium calculation:

  • Age of the car
  • Insured declared value
  • Geographical zone
  • The cubic capacity of the car
  • Make and model
  • Add-ons or riders opted, etc

The premium for New India Assurance car insurance or for New India Assurance car insurance renewal can be calculated instantly using an online premium calculator.

No claim bonus is the discount offered on the premium to the car insurance policyholder for not making any claim during the policy year.New India Assurance car insurance plans offer no claim bonus as per below table.

Policy year % of discount on premium
At the end of 1st claim-free year 20%
At the end of 2nd claim-free year 25%
At the end of 3rd claim-free year 35%
At the end of 4th claim-free year 45%

It is the scheme formed by the Government of India to provide compensation to the victims of ‘’hit and run’’ accident cases. The amount of compensation payable under the scheme is INR 25,000 in the event of death and INR 12,500 for grievous hurt.

The consequential loss basically means an indirect loss which is not directly caused by insured perils but resulting in the insured’s inability to the vehicle. For example, waterlogging in monsoon season can cause car breakdowns when parked in waterlogged areas. Damages caused due to this is referred to as consequential loss.

Contractual liability in New India Assurance car insurance refers to any claim that is arising due to policyholder entering into a contract. For example, a car owner has taken a loan by pledging a car for a certain period of time. Let’s say, the car gets stolen/damaged during this period. Then, such losses or damages are referred to as contractual liability.
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