About New India Car Insurance
New India Assurance Company Ltd is a public sector general insurance company, headquartered in Mumbai, Maharashtra. It operates both in India and foreign territories like the UK, Mauritius, New Zealand, Thailand, the Philippines and others. The company has also worked in collaboration with some of the leading public sector banks of India and a few Financial Institutions to expand its network of distribution for its products.
The company was founded in 1919 by Sir Dorabji Tata and was later nationalised in 1973. Until 1999, it operated as a subsidiary of the General Insurance Corporation of India (GIC) but became autonomous when GIC became a re-insurance company as per the IRDA Act 1999. It is the largest general insurance company of India on the basis of the gross premium collection (inclusive of foreign operations). Moreover, it has also been leading the non-life insurance sector in India for more than four decades and also leads in some of the international markets.
The general insurer offers more than 230 insurance products that engulf almost the entirety of the non-life insurance segment. These include car insurance policies, two-wheeler insurance policies, health insurance policies, travel insurance policies, rural insurance policies, marine insurance policies, etc.
The insurer offers all types of car insurance policies namely third-party car insurance policies, standalone own-damage car insurance policies, as well as comprehensive car insurance policies. Along with standalone own-damage car insurance policies and comprehensive car insurance policies, one can also opt for add-on cover(s) as per their own requirement. Car insurance policies offered by New India Assurance offer wide coverage at affordable car insurance premiums thereby making them a preferred choice by the customers.
Thanks to the robust serving mechanism and continuous strive via the efforts of highly trained employees, New India Assurance is the only company to be bestowed with CRISIL’s AAA/Stable rating. Worth mentioning, the insurer is also the first of its kind to set up its own training school.
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Benefits of Car Insurance
- Apart from being a pioneer and leader in the non-life insurance sector, the company is also financially stable. Hence, there is no long-term worry of any bankruptcy, which means that your insurance policy is under safe hands
- With over 3000 offices across the nation, New India Assurance is easily accessible. This promotes efficient reach during the claim settlement process
New India Car Insurance Add-Ons
This add-on covers loss or damage to accessories equipped in the car such as stereos, fans, air-conditioners etc, which are usually excluded from a standard car insurance policy
Personal accident cover
It offers coverage of personal accident under private car policies for the owner as well as the passengers
Legal liability to employees
This add-on covers legal liabilities of a paid driver in case of an accident
Legal liability to non-fare paying passengers in commercial vehicles
This offers the coverage of non-fare paying passengers commuting in the insured car
Inclusion of Road Tax Cover
In case of complete damage (beyond repair) of the insured car, the policyholder is reimbursed of the road tax on a replacement of the insured car (coverage available up to 5 years)
New India Car Insurance Claim Process
Inform the insurance providerContact the insurance provider to initiate claim settlement process. This will be followed by filling of the New India Assurance Claim Form
Keep the necessary documentsThereafter, the company will provide the details of necessary documentation. You must ensure that all the relevant documents are available with you
Survey of the damaged vehicleIn case of accidental damage to the car, the company will arrange a surveyor for inspection, who will report to the company
Document verificationThereafter, your documents will be subjected to verification by the company for processing the claim. The documents vary depending on the type of insurance
Leave all up to the companyThe company tries to complete all the formalities within the least possible time. Claim will be rendered on the basis the policy type and coverages opted
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New India Car Insurance FAQs
Why do I need to fill up the proposal form for buying Insurance?
A proposal form is a contract between the insured and the insurer, which contains relevant and necessary details about the insured, his past policy and his vehicle details. It is, therefore, necessary to fill in correct details in the proposal form for future reference/proof.
I have my vehicle’s registration number, how can I get my policy number?
To get your policy number, please contact the New India Assurance (NIA) office
I have purchased my policy from a Maruti dealer and I am unable to renew the policy online
Can I pay my car insurance premium online?
Yes, you can pay the premium online using any Debit/Credit card or Net Banking
What are the documents required to file a claim with New India Car Insurance?
Documents to be submitted at the time of filing a claim are :
- Document such as claim intimation received by the insurer
- Copy of policy and receipt of payment of premium
- Completed claim form
- A copy of the driving license
- Certificate of registration of the vehicle
- An estimate of repairs and a stamped receipt from the repairer
- Bills of repairs that have already been done at approved garages
- Road tax verification
- Copy of Police FIR along with the original (for verification)
- Fitness Certificate, etc.( in applicable cases)
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