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Are you looking for a reliable motor insurance policy? New India Assurance is a renowned name in the insurance sector, offering a plethora of motor insurance policies that safeguard millions of individuals during unfortunate events like accidents. From offering 24/7 customer support to quick claim settlement, discover how New India Assurance Motor Insurance could be your one-stop solution for all motor insurance-related needs.
In this article, we will talk about the following:
New India Assurance is a government-owned insurance company founded by Sir Dorabji Tata in 1919 and nationalised in 1973. New India Assurance is headquartered in Mumbai. The company has six large corporate offices, 447 divisional offices, 31 regional offices, and more than 2500 official branches across India.
New India Assurance is a prominent insurance company that offers comprehensive motor insurance policies to its customers. The company provides motor insurance for privately and commercially owned vehicles, two-wheelers, and so on. Motor insurance plans by New India Assurance are designed to offer financial protection to vehicle owners in case of any accident or damage caused to the insured car.
As per the annual report of IRDA, the claim settlement ratio of New India Assurance in FY 2021–2022 was 92.93%. In addition to its high claim settlement ratio, the insurer also offers a wide network of 3000+ cashless garages across the country. This helps policyholders get their vehicles repaired quickly and conveniently without having to worry about arranging for cash or reimbursement.
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Below are the plans offered by the company:
As the name suggests, this policy covers all privately owned vehicles. The plan offers two types of coverage:
This motor insurance policy financially compensates the policyholder or the beneficiaries of the policy in case of accidental death or disability caused while driving the insured vehicle. The sum insured under this policy is ₹ 15,00,000 and the policy tenure is one year.
This comprehensive motor insurance policy is designed to charge the premium based on the usage of the vehicle. The vehicle owner will be requested to declare the odometer reading of their vehicle.
The policyholder can select the coverage based on the estimated number of kilometers they expect to drive the vehicle during the policy tenure.
The slabs of kilometers available for selection are as follows: Upto 4,000 kms, Up to 6,000 kms, Up to 8,000 kms, Up to 10,000 kms.
This policy is designed to offer financial protection to individuals who use vehicles for commercial purposes. Under commercial vehicle insurance, two types of coverage are available: Liability Only Policy and Package Policy.
This policy offers coverage for two-wheeler vehicles like motorcycles, bikes, and scooters. The policy provides two types of coverage: Third-Party Liability and Comprehensive coverage.
This policy offers unlimited coverage for third-party liability in case of death or injury due to an accident for commercially owned vehicles.
This policy offers coverage for any damage caused to the insured private vehicle in the event of an accidents. Since it is a standalone personal damage insurance policy, it does not offer any coverage for third-party liability.
Below are the benefits offered under the company’s policies:
Follow these simple steps to file a claim with the company:
Follow these simple steps to renew your motor insurance policy in a matter of minutes:
This article is written by Team InsuranceLiya.com, an independent website that writes about insurance, finance, health, and more. Our writers have a wealth of knowledge, experience, and degrees in the fields of insurance, finance, economics, and beyond.