New India Two Wheeler Insurance

New India Assurance Company Limited is a multinational general insurance company owned by the government. It was founded and established by Sir Dorabji Tata in the year 1919. It was incorporated as the out of many General insurance companies in India right after it got national recognition in 1973. The company provides a variety of insurance products and services which include Bike Insurance, Car Insurance, Health Insurance, Travel Insurance, Marine Insurance, Business & SME Insurance, etc, to cater to all kinds of audiences from Urban India, Rural India, and businesses.

It is one of the few general insurance companies in India that holds a sturdy position in the country and has an astonishing reach for bike insurance, health insurance and many other products all over the country. It has established its headquarters in Mumbai but is functional all over the nation with around 31 regional offices, around 447 divisional offices, 588 branches, 27 district agent branches plus 1239 micro offices all over the country. Not only in India, but it has established a customer base abroad for bike insurance and many other insurance products. It is currently operating in approximately 28 different countries all over the world.

Over the years, the New India Assurance Company has spread its wings to work for the aviation industry in addition to bike insurance and other sectors. It set up an aviation insurance department in 1946 to handle the Indian shipping fleet. It has also set up training schools to generate employment and increase awareness about insurance. It is the only direct insurance company in India that has received an ‘A’ grade by AM Best. It is rated as ‘AAA/STABLE’ by CRISIL for its high-level financial strength that it proved while delivering exceptional bike insurance and related solutions.

New India Bike Insurance

New India Assurance Company Limited is a public sector general insurance provider. The company offers all three types of two-wheeler insurance available for two-wheelers in India. The first type of insurance available for two-wheelers in India is third party insurance. It is compulsory for every two-wheeler in India according to the Motor Vehicles Act of 1988. The insurance will take care of third party liabilities in case of a mishap including bodily injury, death and property damage. Two-WHeelers caught without this insurance cover can be punished with a fine of Rs 2,000 and/or be imprisoned for up to 3 months. To protect your own-two-wheeler from mishaps you can purchase a standalone own-damage cover, it will compensate you in case of a road accident, an act of vandalism, theft, fire, natural and manmade calamities. The third type of two-wheeler insurance is a comprehensive plan. This type of insurance covers under a single insurance policy both own-damage costs and third party liabilities. If you are looking for a simple and hassle-free insurance policy this is the one for you.

A standard two-wheeler insurance cover can be further strengthened by purchasing add-on covers. These options give the insurance policy flexibility, allowing customers to pick and choose add-ons that are in alignment with their needs. Make sure to select your add-on covers thoughtfully as they can make a huge difference at the time of claim settlement. Some of the add-ons cover you must check are the zero depreciation cover, consumables cover, passenger assistance cover and the return to invoice cover.

New India offers a wide range of policies to choose from at affordable and competitive premiums. Moreover, with every own-damage cover, you also receive no claim bonus for every claim-free year that goes up to 50% in the fifth year.

Significant Points of New India Bike Insurance