New India Assurance Car Insurance: Complete Guide

Is New India Assurance Good for Car Insurance?

The car insurance policies by New India Assurance offer a number of benefits to the customers. These include:

Multiple Network Garages

New India Assurance collaborates with more than 3000 garages across the country. Thus, the policyholders can approach these garages to get their cars repaired free of cost. Since the company partners with multiple garages, you can easily find one close to you.

Damage Protection

When it comes to driving, unforeseen mishaps can happen at any time. The New India Assurance Car Policy offers complete coverage to your vehicle in such cases.

Third-Party Liability Coverage

If a third party is involved in an accident, you are liable to pay the damages caused to property or life. The car insurance from New India Assurance offers you coverage for such situations and prevents you from paying the costs from your pocket.

Affordable Premium

New India Assurance offers car insurance with a very economical premium. Thus, by paying a minimal amount, you can get complete protection coverage for your vehicle.

Prompt Claim Settlement

The car insurance claim settlement ratio of New India Assurance is 92.23%. Thus, it is a very reliable company to buy car insurance. With this policy, you can be assured of getting your claims settled quickly.

Understanding Key Features of New India Assurance Car Insurance

No Claim Benefits

New India Assurance offers a special benefit to its car insurance policyholders in case no claims are made during the policy term. It offers attractive discounts for policy renewal. This could range from 20% to 50%.

Compensation for Towing Charges

In case of an accident, the vehicle needs to be towed to the nearest garage. The New India Assurance car insurance compensates a towing charge of up to ₹1500 in such cases. However, to avail of this benefit, you will have to pay an additional premium.

Protection from Natural Calamities and Malicious Acts

Natural or man-made calamities are unforeseen and can occur at any time. These can lead to the loss or severe damage of your car. The insurance offers you a cover against earthquakes, landslides, floods and fire. Additionally, it also protects your car from any damages or loss caused due to terrorist or malicious acts like theft.

Personal Accident Cover

With New India Assurance car insurance, the registered driver of the car gets personal accident coverage of up to ₹15 lakhs. Thus, this gives you added protection.

Zero Depreciation Claim

By paying some extra premium, you can get a zero depreciation cover for your car. With this, the company will not deduct any amount during claim settlement owing to the depreciation of the vehicle.

Know the Types of New India Assurance Car Insurance

Liability Only Policy

This car insurance offers coverage for third-party liability in case of bodily injury, death, or damage to property. The policy also offers the car owner a personal accident cover. Under this policy, there is no limit to the cover for third-party liability in case of death or injury. However, the cover for damage to third-party property is up to ₹7.5 lakhs.

Package Policy

This is a comprehensive coverage car insurance policy. In addition to offering cover against third-party liability, it gives protection to your vehicle against damage or loss in unforeseen circumstances.

Standalone Own Damage Policy

By signing up for this policy, you can protect your car from any damage. The premium for this car insurance is higher than the liability-only policy but lower than the package policy.

While the aforesaid coverage is the most important, you can further enhance the car policy by opting for add-on covers. By paying some extra premium amount, you can extend the coverage of your car insurance from New India Assurance. This may include:

• Loss or damage to the car accessories such as air conditioner, stereo, etc.
•  Accident cover for co-passengers and drivers.
• Liability to an employee.

Understanding the Exclusions of New India Assurance Car Insurance

Did you know that not everything is covered under a car insurance policy? Thus, before signing up for the New India Assurance car insurance policy, you must be informed of the factors that it does not cover. These are:

• Natural wear and tear
• Consequential loss
• Damage or loss due to an invalid driving license or drunk driving
• Loss due to war
• Claims under contractual liability
• Using the vehicle for purposes that do not fall under “limitations as to use”

How to Buy Car Insurance from New India Assurance Online

You can easily sign up for a New India Assurance car insurance online. Here are the steps you need to follow:

• Visit New India Assurance’s official website.
• From the “Products” option on their menu, select “Private Car”. You will be redirected to the Car Insurance page.
• Put in your car details, such as the make and model of the car, year of manufacture, city of purchase or registration, date of purchase, and insured declared value. You will also have to specify your personal details.
• Based on the details provided and the plan you choose, you will be given a breakdown of the premium.
• Once you pay the premium, you will get the insurance details on the email ID.

Conclusion

Signing up for car insurance is mandatory. However, it is also a smart choice as it offers complete protection to you and your four-wheeler. With car insurance from New India Assurance, you can enjoy your long drives or traverse through busy city roads without any worries. What’s more, in case of a mishap, you will not have to shell out money from your pockets. So, go ahead and get a New India Assurance car insurance today!