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New India Assurance Two Wheeler Insurance

New India Assurance Co. Ltd., founded by Sir Dorabji Tata in 1919. And now it is a 100 % Government owned multinational general insurance company operating in 28 countries with headquarter in Mumbai, India.

New India Assurance Two Wheeler Insurance Company offers hassle-free claim settlement

The New India Assurance has been conferred an AAA/Stable rating by CRISIL, which is a reflection of the company's financial stability and solubility, which in turn talk about the strong ability of the company to fulfill the claims of their customers. Moreover, New India Assurance is the only direct insurer in India rated A - (Excellent - Stable outlook) by AM Best.

Key Features – New India Assurance Two Wheeler Insurance

  • Third Party Cover: Offers third-party insurance cover in case of death or bodily injury of a third-party, property damage to the third-party up to Rs.1 lakh and personal accident cover for the owner driver
  • Quick Claim Settlement: Offers hassle-free claim settlement efficiently
  • Guaranteed compensation: Offers guaranteed compensation if your two wheeler is robbed or damaged in an accident
  • Basic cover + Personal accident cover for passengers: Offers a basic two wheeler insurance cover along with personal accident cover for an amount of Rs.1 lakh for the co-passenger

Key Benefits – New India Assurance Two Wheeler Insurance

  • Customer Service: New India Assurance Two wheeler Insurance has an excellent team of customer service that offers good and hassle-free pre-sales as well as post-sales services
  • Claim Settlement: This Company has a very clean record for claim settlement.
  • Cashless claim: This Company has a strong network of cashless garages
  • 24/7 Claim Assistance: This Company has a set of dedicated claim handlers ensuring efficient claim settlement
  • Trouble-free Inspection: Offers simple, hassle-free and unperturbed surveillance by the inspection team

New India Assurance Two Wheeler Insurance Coverage

New India Assurance Two wheeler Insurance Policy can be tailor-made for any private vehicle to get insurance. It is important to understand the coverage before actually opting for a two wheeler insurance policy. It is essential to cover your bike sufficiently to protect it from theft, damage or accident.

Own Damage

This policy covers any damage or loss to your two wheeler due to any of the following things:

  • Fire, explosion, self-ignition or lightning.
  • Burglary, housebreaking or theft.
  • Riot and Strike.
  • Malicious Act.
  • Terrorist Act.
  • Earthquake (Fire and Shock) Damage.
  • Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone and Hailstorm.
  • Accidental external means.
  • Whilst in transit by road, inland waterway, lift, elevator or air.
  • By landslide/Rockslide

Third Party or Liability

This policy is mandatory by the Motor Vehicle Act 1988 for all the vehicles plying on the Indian roads. It offers the below coverage:

  • Covers bodily injury and /or death of a third party
  • Property damage to third party up to Rs.1 lakh
  • Personal Accident cover for owner driver

Personal accident cover for owner-driver

  • New India Assurance two wheeler Insurance will pay sum insured of Rs.1 lakh to the owner-driver of the insured vehicle in case of permanent total disability or to the beneficiary in case of accidental death
  • An accident can leave you impaired to earn your as well as your family’s earning. Additionally, rising costs of medicines can rip off your entire hard-earned savings. In such traumatic and unforeseen situations, having a personal accident insurance would act like an income replacement

Type of Injury Compensation Level in case of personal accident cover for owner-driver

  • Death - 100%
  • Loss of two limbs or sight of two eyes or one limb and sight of one eye - 100%
  • Loss of one limb or sight of one eye - 50%
  • Permanent total disablement from injuries other than named above - 100%

Add-on Features – New India Assurance Two Wheeler Insurance

New India Two wheeler insurance offers amazingly unique add-on covers that offers an extra touch of protection at a minimal rate. These add-ons enhances your basic insurance policy by paying an additional premium.

Zero Depreciation

Under the core insurance policy the cost of the depreciable parts of your two wheeler are not covered fully in case of repair or replacement at the time of claim. Deducted depreciable cost of repair or replacement is paid by the insurer even after holding a policy at the time of claim.

To save money on such repair or replacement of depreciable vehicle parts such as rubber, metal, plastic, nylon, fiber, etc. at the time of claim due to the perils mentioned in the Own Damage section of the policy, New India Assurance offers an add-on cover – Nil Depreciation or Zero Depreciation. With the help of this add-on cover the policyholder saves ample of money on repair or replacement of depreciable vehicle parts. The cost is fully covered by the New India Assurance if this add-on cover is bought in additi on to the Package Policy.

Discounts offered – New India Assurance Two Wheeler Insurance

No claim bonus

You are eligible for a NCB discount on your own-damage premium for every claim-free year .It starts with 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. The best part is you can retain this discount, even if you wish to sell the current bike and purchase a new one.

The following table shows the NCB grid:

No. Of YearsDiscount
One claim-free year20%
Two consecutive claim-free years25%
Three consecutive claim-free years35%
Four consecutive claim-free years45%
Five consecutive claim-free years50%

Voluntary discounts

A deductible is nothing but an amount that you need to pay out during an accident or mishap. This deductible plays a major role in determining your two wheeler insurance premium. Higher the deductible, lower would be your two wheeler insurance premium. If you know you are a safe and responsible driver, opt for a higher voluntary deductible. This will help in getting the cheapest two wheeler insurance

Membership of AAI

If your bike is a member to any of the recognized Automobile Associations of India then can fetch you an extra discount

Installation of security devices

If your two wheeler is fitted with ARAI approved anti-theft devices, you are eligible for an additional discount up to 2.5% on your own-damage premium.

Exclusions – New India Assurance Two Wheeler Insurance

  • Wear and tear, breakdowns
  • Consequential loss
  • Loss when driving with invalid driving license or under the influence of alcohol.
  • Loss due to war, civil war, etc.
  • Claims arising out of contractual liability.
  • Use of vehicle otherwise than in accordance with `limitations as to use

Claim Process – New India Two Wheeler Insurance

Website: www.newindia.co.in

Email: motor.nia@newindia.co.in

Toll-Free Number: 1800-209-1415

Step-by-step Claim process and documents:

a) In case of Accident

  • Immediately contact New India Assurance on their toll-free number 1800-209-1415
  • Lodge a claim with duly signed Claim Form
  • Copy of Driving License, RC book, Policy document
  • FIR, if required (Kindly note down, contact details of people and vehicle number involved in accident)
  • Original Repair Estimate Bill
  • In case of cashless service, only Invoice receipt
  • In case of reimbursement provide estimate bill, original invoice and payment receipt

b) In case of Theft

  • Immediately contact New India Assurance on their toll-free number 1800-209-1415
  • Lodge the claim with duly signed claim form
  • Submit the Original keys with Copy of Driving License, RC book, Policy document
  • Police FIR copy
  • Duly signed Form 28, 29, 30 and Form 35.
  • Final confirmation with “No Trace Report” of the insured vehicle from the police

c) In case of Third Party Claims

  • Immediately contact New India Assurance on their toll-free number 1800-209-1415
  • Lodge the claim with duly signed claim form
  • Police FIR copy
  • Copy of Driving License, Policy and vehicle’s RC book

Step-wise guide to claim:

  • The first things to make a claim is to call on New India Assurance Two wheeler Insurance’s Toll-Free Helpline number - 1800-209-1415

  • Take appointment with the surveyor and take your vehicle to any of New India Assurance Two wheeler Insurance authorized network garages for repair, for cashless service. Submit the require documents to the surveyor

  • Company confirms liability

  • If possible, opt for cashless facility, the company will settle the repair bills directly with the garage up to the amount payable

  • But in case you do not opt for cashless facility, you have to pay for the repair charges and then submit the bills with claim form to the surveyor/company for settlement

New India Two Wheeler Insurance Review

The New India Assurance Two wheeler Insurance offers a good range of coverage and there is option for add-on benefits to customize the requirements of the insured. These along with the clear cut direction of claim process makes it the right choice for your two wheeler insurance. This Company ensures 24*7 customer support and an excellent claim settlement process too. Their excellent inspection team offers you high service standards. Therefore, The New India Assurance Two wheeler Insurance for your beloved bike is a must buy!

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