Before buying motor insurance, it is worth knowing what you are paying for. Some policies only meet the legal requirement, while others also protect your own vehicle against insured risks. New India Motor Insurance offers both types of cover across private cars, two-wheelers, and commercial vehicles.
This guide covers the available plans, the protection each offers, the benefits, the required documents, and the online purchase process.
New India Motor Insurance
New India Motor Insurance is a range of motor insurance policies offered by The New India Assurance Company Limited for private cars, two-wheelers, and commercial vehicles. It allows vehicle owners to choose an insurance plan based on their vehicle type and insurance requirements. The available options differ in terms of protection, making it important to select a policy that matches your needs.
New India Motor Insurance Plans
The following are the main New India Motor Insurance plans.
1. Private Car Insurance
It is designed for cars used for personal purposes. Policyholders can choose a liability-only policy or a package policy.
A liability-only policy covers legal liability if your vehicle causes injury, death, or property damage to a third party. A package policy includes this protection and also covers damage to your own vehicle caused by insured events such as accidents, fire, theft, and certain natural or man-made events.
Personal accident cover for the owner-driver is also included, where applicable, subject to policy conditions.
1. Standalone Compulsory Personal Accident Cover
This policy provides personal accident protection for the owner-driver of the insured vehicle. As per the applicable policy terms, it offers a sum insured of ₹15 lakh for accidental death or specified permanent disabilities while driving, travelling in, getting into, or getting out of the insured vehicle. The cover is available for one year.
This policy is intended to provide financial support if a serious road accident results in permanent disability or loss of life.
2. Pay As You Drive Policy
The Pay As You Drive Policy is suitable for vehicle owners who drive fewer kilometres each year. Under this policy, you choose an expected annual kilometre slab and provide the current odometer reading at the start of the policy.
The available slabs are up to 4,000 km, 6,000 km, 8,000 km, and 10,000 km. The own damage premium is based on the selected slab. If your vehicle remains within the chosen limit at renewal, you may receive the applicable discount on the own-damage premium, subject to the policy terms. If you exceed the selected kilometre slab, the insurance cover continues until renewal.
3. Commercial Vehicle Insurance
Commercial Vehicle Insurance is meant for vehicles used for business or commercial purposes. This includes goods-carrying vehicles, passenger vehicles, and other commercial vehicles.
The policy helps cover legal liability towards third parties. Depending on the policy chosen, it can also provide protection against accidental damage, fire, theft, and other insured risks affecting the vehicle.
4. Two-Wheeler Insurance
Two-Wheeler Insurance is available for motorcycles and scooters.
A liability-only policy provides third-party liability protection, while a package policy also covers damage to the insured two-wheeler caused by insured events. Personal accident cover for the owner-driver is included, where applicable, under the policy.
This policy helps reduce repair or replacement expenses when the vehicle suffers covered damage.
5. Standalone Own Damage Cover for Private Cars and Two Wheelers
This policy is meant for private car owners who already have a valid third-party liability policy.
It protects only the insured vehicle against damage caused by accidents, theft, fire, natural calamities, malicious acts, and other covered events. Since third-party liability is not included, the policy can only be purchased when a valid third-party insurance policy already exists.
New India Motor Insurance Coverages
Below are the main coverages included in the new India Motor Insurance
Coverage Against Accidental Damage
A package policy, or own-damage policy, provides financial protection if the insured vehicle is damaged in an accident. Depending on the nature of the loss and policy terms, repair or replacement expenses may be covered.
Protection Against Vehicle Theft
If the insured vehicle is stolen, the policy may provide compensation in accordance with the policy conditions and the applicable declared insured value after completing the required claim process.
Fire Damage Coverage
The policy covers damage caused by fire, explosion, self-ignition, or lightning when these events are included under the selected insurance plan.
This cover helps reduce the financial impact of major damage caused by fire-related incidents.
Natural Calamity Coverage
Vehicle damage caused by natural events such as floods, cyclones, earthquakes, storms, landslides, and similar insured calamities is generally covered under package and own damage policies.
The actual settlement depends on the policy terms and claim assessment.
Man-Made Disaster Coverage
The policy also covers damage caused by certain man-made events, including riots, strikes, malicious acts, terrorist activity, and similar insured events, subject to the policy conditions.
Third-Party Liability Coverage
Third-party liability insurance is a mandatory requirement for vehicles used on public roads in India.
It covers the insured person’s legal liability for bodily injury, death, or property damage caused by the vehicle to another person. This protection is available under liability-only as well as package policies.
Personal Accident Cover for the Owner-Driver
The owner-driver personal accident cover provides financial compensation if the insured owner-driver suffers accidental death or specified permanent disability while using the insured vehicle, as provided under the policy conditions.
Benefits of New India Assurance Motor Insurance
Below are the main benefits of registering for the new India Motor Insurance
- Extensive Cashless Garage Network: New India Assurance has a network of more than 3,000 cashless garages across India, where eligible repair bills are settled directly with the garage, subject to policy terms.
- Customer Support: The company offers 24/7 customer support via its toll-free helpline for claim assistance, policy-related queries, and grievance registration.
- No Claim Bonus: A policyholder who completes a full year without any own-damage claims earns a discount at renewal. It starts at the first clean year and increases by a set amount each successive year without a claim, up to a defined maximum.
- Flexible Plan Options: Plans range from the statutory minimum to full package cover, giving vehicle owners a choice based on their actual needs and usage.
Documents Required for Purchasing or Renewing New India Motor Insurance
Below is the list of documents needed when purchasing or renewing New India Motor Insurance:
- Valid vehicle registration certificate
- Previous motor insurance policy (for renewals)
- The driving licence of the vehicle owner
- Pollution Under Control certificate
- Vehicle inspection report, if requested by the insurer
- Identity proof and address proof of the applicant
- Duly filled and signed claim form
- FIR copy, where applicable, for theft or road accident claims
- Original repair bills and receipts
- Road tax certificate
- Original policy documents
How to Buy New India Motor Insurance Online
Follow the process below to buy New India Motor Insurance online.
Visit the Official Website
Visit New India Insurance’s website. The motor insurance section sits on the homepage and covers all vehicle categories.
Select Your Vehicle Type
The portal has separate paths for private cars, two-wheelers, and commercial vehicles. Pick the right one, and the relevant plan options load for that vehicle type.
Enter Vehicle Details
Registration number, make, model, and year of manufacture are the standard inputs here. These details fix the Insured Declared Value and generate the premium for each available plan.
Choose the Right Plan
A Liability Only Policy covers the statutory minimum. A Package Policy adds Own Damage on top. Optional add-ons such as passenger personal accident cover or accessories protection can be included before you finalise.
Make the Payment
Complete the payment using your preferred payment method. Once the payment is successful, the policy document is sent to your registered email address.
Conclusion
Every vehicle owner has different insurance needs, so it is worth taking time to understand the available options before buying a policy. New India Motor Insurance offers plans for private cars, two-wheelers, and commercial vehicles, with different levels of protection based on the policy selected. Reading the policy details carefully before buying or renewing can help you choose a plan that suits your requirements.
FAQs
1. Is New India Motor Insurance mandatory for all vehicles?
No. New India Motor Insurance is not mandatory. However, every vehicle used on public roads in India must have at least a valid third-party motor insurance policy, which can be purchased from New India Assurance or any other authorised insurer.
2. Can I renew New India Motor Insurance online?
Yes. Existing policyholders can renew their policy on the official New India Assurance website by entering the required policy or vehicle details and completing the online payment.
3. Does New India Motor Insurance cover flood damage?
Yes, Package policies and own damage policies generally cover vehicle damage caused by insured natural disasters, including floods, subject to the policy terms and conditions.
4. What is the difference between third-party insurance and comprehensive insurance?
Third-party insurance covers legal liability for injury, death, or property damage caused to another person. A comprehensive policy includes this cover and also protects the insured vehicle against risks such as accidents, theft, fire, and certain natural or man-made events.
5. Can I buy a Standalone Own Damage policy for my private car?
Yes, provided your vehicle already has a valid third-party liability insurance policy. A Standalone Own Damage policy only covers damage to your own vehicle and does not replace the mandatory third-party insurance requirement.