About National Insurance
National Insurance Company Ltd. (NIC) is one of the oldest general insurance companies in India, which offers bike insurance plans and other related insurance covers. It was incorporated in 1906, but after nationalisation in 1972, it underwent a merger with 21 foreign and 11 Indian companies and became one of the subsidiaries of the Government-owned Insurance Corporation of India. It was the first insurance company to form a strategic alliance with the largest automobile manufacturer M/S Maruti and two-wheeler major M/S Hero Moto Corp and many others. This collaboration helped to gain the trust of different client bases.
National Insurance company is the first public sector insurance company to introduce tailor-made insurance plans for rural and corporate sectors. It offers a variety of insurance policies ranging from Personal Insurance, Health Insurance, Bike Insurance, Car Insurance, Rural Insurance, Industrial Risk Insurance, etc. It has always followed up with the progressing age and has now gone digital. One can now easily apply or renew insurance policies of NIC online. In simple terms, all the processes like registering, buying and renewing of the insurance can be done online without any hassle.
As per its Gross Direct Written Premiums (GDWP), National Insurance stands as the second-largest non-life insurance company which offers bike insurance and other similar plans. National Insurance enjoys a B++ rating by A.M. Best financial strength and issuer credit rating of "bbb+". These ratings depict the strong risk-adjusted capitalization, consistent investment performance and strong presence of National Insurance in India's insurance market.
National Insurance Two Wheeler Insurance Policy
National Insurance Company Limited is a reputed state-owned insurance provider. They offer three basic types of two-wheeler insurance including third party insurance, standalone own-damage insurance and comprehensive insurance. Purchasing third party insurance for your two-wheeler is compulsory in India according to the Motor Tariff. If caught without valid third party insurance you can be punished with a fine of Rs. 2,000 and/or be imprisoned for up to 3 months. On the other hand, the standalone own-damage covers are not compulsory. They take care of the policyholder’s two-wheeler damage in case of a mishap and offer compensation for a wide array of scenarios. This includes road accidents, theft, vandalism, fires and natural calamities. The third type of insurance is a comprehensive plan. This type of plan offers a complete package for both own-damage and third party liabilities under a single premium.
There are also add-ons that can be purchased along with own-damage covers to further expand the coverage of your two-wheeler insurance. These add-ons are optional allowing the insurance holder to build their policy to suit their individual needs. If selected correctly these add-ons can make a significant difference at the time of claim settlement. Some important add-ons that you should definitely consider include the zero depreciation cover, the consumables cover, the passenger assistance cover and the engine safe cover.
National is a reliable insurance provider who offers their customers quick and efficient assistance at the time of claim processing. Moreover, they offer NCB with every own-damage cover where the reward goes up to 50% in the fifth year.
Significant Points of National Two Wheeler Insurance
Third Party Insurance Property Damage
Up to Rs. 1 lakh
Own Damage Cover
Determined by the IDV of the two-wheeler
Personal Accident Cover
Up to Rs. 15 lakhs
- Save upto 75%*Lowest Bike Premiums
- 11.5 Lakh+Happy Customers
- Claim Support7 days a week
*TP price for less than 75cc two-wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply
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Benefits of National Bike Insurance
- 24x7 emergency assistance is available
- An extensive network of 3,100+ garages
- Digital insurance process for paperless system
- Allows policyholders to make unlimited claims
- Offers around 300 insurance products and services
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National Bike Insurance User Reviews
- Most Helpful
- Cashless Garages
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National Insurance Two Wheeler FAQs
What are the types of two-wheeler insurance offered by National General Insurance?
Two-wheeler insurance can be categorized into three types – Standalone Own Damage Insurance, Comprehensive two-wheeler insurance, and Third party two-wheeler insurance. Having a third party two-wheeler insurance is mandatory by law as it covers against the damages caused to the third party. A standalone own damage policy provides coverage against all damages incurred by the insured’s two-wheeler. Whereas, comprehensive two-wheeler insurance provides coverage for both third party and the own-damages suffered by the insured’s two-wheeler.
How can I apply for a National insurance two-wheeler policy?
Other than the traditional medium of visiting the branch, you can apply for a two-wheeler policy with National Insurance by dialling on the toll-free number 1800-345-0330. Or else you can apply online on their official website for a quick hassle-free procedure.
What are the exclusive benefits of buying National two-wheeler insurance?
National insurance serves as a low-cost insurance plan with personalization. It provides a no claim bonus which can be transferred to other insurers. Claiming insurance is easier and even the status of the claim can be tracked online.
What is the maximum amount of compensation provided under National Third Party Two-Wheeler insurance policy?
Under National Third Party Two-Wheeler insurance policy a maximum of 7.5 lakh is provided for third party property damage. In the case of third party bodily injuries/death, the amount of compensation is decided in a court of law.
How can I get more information about insurance plans offered by National General Insurance?
You can get all the information regarding two-wheeler insurance policy on the official website. If you want more clarity then you can call on the toll-free number 1800-345-0330.
Why to buy from InsuranceDekho?
- Instant policy# within 5 mins
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- Claim Support available all 7 days of the week
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