- About Coverfox
One of the oldest players in the insurance space, National Insurance is one of the trusted names when it comes to car insurance. You need special attention and so does your car. With National Insurance, you can invest in a car insurance plan that protects against any damages caused during any unforeseen situations. With instant renewal, hassle-free claim settlement and 24x7 assistance service, as a car owner, you just have to invest in the car insurance plan and not worry about a thing!
National Private Car Insurance Policy can be tailor-made to insure any private vehicle. National Motor Insurance policy covers Own Damage car insurance and also, Third-party liability insurance, which helps car owners at the time when needed – in case of any accident or mishaps.
Types of coverage
Own Damage: This policy cover any damage or loss to the owner’s car due to any of the following things:
Third Party or Liability: This policy is mandatory by the Motor Vehicle Act 1988, it is provided by National Private Car Insurance Policy which covers any injuries or property damages to the third party.
Personal Accident Cover: Coverage of Rs.2 lakh for the owner-driver in case of a permanent total disability or an accidental death on a premium of Rs.100.
a) Passenger Personal Accident cover: Passenger Personal Accident cover can be availed with 100 Rs/person for a Sum Insured of Rs.2,00,000 for each of the occupants.
b) Legal liability for Paid driver: Liability cover with a premium of 50 Rs/annually for the paid-driver
Zero Depreciation Cover: National Insurance will pay you the amount of depreciation deducted on the value of depreciable car parts, such as , rubber, plastic, metal, nylon, etc. if replaced or repaired under own damage claim of the policy.
Special Condition: Provided all the repairs are done at authorized garage network.
No Claim Bonus (NCB) Protection Cover: No Claim Bonus is the discount you get on the car insurance premiums provided, you didn’t lodge any claim during the policy period. For first “no-claim” year you get 20% discount on the premium to be paid for the second year. This is cumulative and thus, keeps on increasing with number of “no-claim” years. You can fetch up to 50% of discount for 5 consecutive no-claim years.
Roadside Assistance Cover It's a service facilitated to take care of your vehicle and your worries in an unfortunate event of your vehicle meeting with an accident or breakdown. Some of the benefits are as follows: Service for Flat Tyre, Flat Battery – Jump Start Service, Repair on the spot, Fuel Support (Emergency fuel delivery), Emergency towing assistance, Spare Key Retrieval/Service for key locked inside, Continuation/Return Journey (Taxi Support).
Return to Invoice: National Insurance company will pay to the policyholder in case car gets stolen or completely damaged, you get the reimbursement of insured car’s invoice price, including registration charges and road tax.
National Insurance offers many attractive discounts that the policyholder can avail.
No-Claim Bonus: The no-claim bonus is a discount offered on the next year’s premium. If you make no claims throughout the year, you are benefitted with the huge discount on the next year’s premium. If for the first year you made no claims you are offered with 20% discount on the second year premium and so on. It keeps on increasing. The following table will provide the details.
|No. Of Years||Discount|
|One claim-free year||20%|
|Two consecutive claim-free years||25%|
|Three consecutive claim-free years||35%|
|Four consecutive claim-free years||45%|
|Five consecutive claim-free years||50%|
Voluntary discounts: This discount is offered if you decide to pay the minimum amount of money at the time of claim.
National Insurance offers other discounts if - a. You are a member of any recognized automobile association b. You install an anti-theft device in your car
Required steps and supporting documents:
a) In case of Accident
b) In case of Theft
c) In case of Third Party Claims
National Insurance, the oldest insurance company in India. one of the insurance company owned by Indian Government that was founded before Independence. Car Insurance policy of National Insurance provides a comprehensive coverage to protect your car in case of any accident or damage and third-party liability cover. You can widen the scope of car insurance policy by additional add-on covers. National Insurance is a sure consideration for your car insurance.