- About Coverfox
New India car insurance is a comprehensive motor vehicle plan offered by New India Assurance. New India Assurance is one of the largest and oldest public sector general insurer in India. Headquartered in Mumbai, the company has a presence in more than 28 countries across the world with a global business of Rs. 26,607 crores (as of March 2019). In addition, the company is also present in the United Kingdom, Japan, Trinidad and Tobago and Mauritius. New India car insurance comprises private car, standalone CPA cover, standalone for motor PC, standalone OD for motor TW and two wheeler insurance.
New India Assurance Private Car Insurance Policy can be tailor-made for any private vehicle to get insurance. This policy by New India Assurance Car Insurance covers Own Damage car insurance and also, Third Party liability insurance. These categories of car insurance from New India Assurance help car owners in case of any accident or mishap.
Types of coverage
1. Own Damage - This policy cover any damage or loss to the owner’s car due to any of the following things:
2. Third Party Liability - This policy is mandatory by the Motor Vehicle Act, 1988, it is provided by car insurance from New India Assurance that covers any injuries or property damages to the third party. Liability is covered for an unlimited amount in cases of death or injury, and damage to third party property for Rs. 7.5 lakhs.
3. Personal Accident Cover - Owner-driver, passenger and paid driver personal accident cover: The Owner-driver personal accident cover of sum insured of Rs. 2 lakhs in case of permanent total disability or an accidental death is covered with a premium of Rs. 100
4. Optional Covers
Note: This add-on cover can be availed on a private car aged up to 5 years.
Specific condition: This add-on cover is only available for private cars with invoice price of up to Rs. 20 Lakhs and not more than 3 years of age.
Specific condition: Available only for private cars of up to 7 years of age. Not more than 2 claims are accepted during the policy period.
Specific condition: Available only for private vehicle of upto 5 years age.
Specific condition: Available only for private vehicle of upto 7 years of age.
Specific condition: The coverage is of up to Rs. 20,000 with an additional 20% of the sum insured (Rs. 4000) for each item or the actual price, whichever is lesser, in case of loss or damage of the item. The cover is available for cars of up to the age of 7 years.
Any individual whose car has been registered with the Regional Transport Authority in India under his/her name is eligible for purchasing car insurance from New India Assurance.
New India Assurance Car Insurance offers many attractive discounts that the policyholder can avail.
|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%|
Claims for car insurance from New India Assurance are applicable on all types of commercial vehicles and two wheelers. Damage or loss to the insured car and/or its accessories caused due to any of these natural and manmade disasters can be claimed against car insurance from New India Assurance:
Required steps and supporting documents:
a) In case of Car Accident Claims
b) In case of Car Theft Claims
c) In case of Third Party Claims
Step-wise guide to claim:
The complete package for car insurance from New India Assurance offers add-on that offers financial security to the policyholder. Being a Government-owned establishment, the surety of claims settlement and the ensuing peace of mind is unmatched. What's more, the company boasts of a strong network of cashless garages and competent after-sales service. If you prefer a car insurance policy that is backed by the government, New India assurance is your sure-shot choice.
New India car insurance is a comprehensive motor vehicle plan offered by New India Assurance. New India Assurance is one of the largest and oldest public sector general insurers in India.
The documents required to file a claim with New India Car Insurance are as follows:
Zero-depreciation, NCB cover, Engine Protection cover, and Invoice cover.
If you have got your insured car repaired at a garage that is approved by New India Assurance, the insurance company will pay the claims directly. However, in case you have got the repairs done from some other garage, the claims will be paid to you and they can be subsequently reimbursed.
You may have to bear the expenses for the following during the claim settlement process against your car insurance from New India Assurance: