• National Car Insurance Renewal

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    With rapid progress in technology promulgated by willingness of regulatory and government authorities, the insurance sector in India has witnessed a sea of advancement in the last two decades. This evolution has greatly benefitted the end user, saving him from all superfluous procedures that probably took forever to be accomplished.

    One such feature which has made life easier for a car insurance holder is the option to renew car insurance online without any hassles. National Insurance Company Ltd., India’s leading state-owned general insurance service provider operates in a diversified portfolio which includes insurance coverage for cars. It extends the benefits of online revival of policies issued not only by them, but also from other insurance companies in easy steps.

    National Motor Insurance at a Glance

    The motor insurance plans offered by National Insurance are as follows:

    • Liability-only plan - Every vehicle on Indian roads should be equipped with a minimum of third-party liability insurance. The coverage offered by the National Insurance third-party liability plan is as detailed below:
      National Car Insurance Renewal
      • Insures the policyholder against legal liability to a third party in an accident.
      • This cover does not offer protection to the insured vehicle itself.
      • The risks covered by the plan are:
        • Injury or death of third party
        • Third-party property damage
    • Comprehensive/package plan - The comprehensive car insurance plan from National Insurance offers wider coverage when compared to the liability-only plan.
      • This plan provides own-damage cover and third-party liability cover.
      • The plan also protects the owner-driver of the insured vehicle from injuries/death.
      • The incidents covered by the plan are:
        • Accidents, fire, explosion, lightning, and self ignition
        • Damages to the insured vehicle while in transit via rail, road, air, lift, and inland waterways
        • Theft, burglary, or house-breaking
        • Terrorist activities, strikes, riots, or malicious acts
        • Natural disasters such as floods, earthquakes, storms, rockslides, and landslides

    The National Insurance car insurance does not offer coverage for the following events:

    • Wear and tear of the vehicle with age, consequential loss, electrical and mechanical breakdown, breakages or other failures.
    • Damage to the tyres of the car, unless the vehicle itself is damaged in the process. In this case, the liability of the insurance company is limited to 50% of the repair costs.
    • Driving while intoxicated with alcohol or drugs.

    The policyholder can choose to extend the coverage under the policy by opting for add-on insurance covers. This includes insurance for loss of accessories, personal accident cover for the passengers, and increased third-party property damage cover up to Rs.7.5 lakh.

    Discounts Offered By National Insurance Company Under Car Insurance

    • The car insurance plan from National Insurance offers No Claim Bonus (NCB) for policyholders who do not raise any claims in a policy year. This is a great method of incentivising drivers to stay safe on the roads. The NCB can be converted into a discount in renewal premium for the subsequent policy year.
    • Discounts are also offered for vehicles that have anti-theft or other security devices installed.
    • Additionally, cars that are specifically designed or modified for use by handicapped/blind/mentally challenged people are eligible for premium discounts.

    National Car Insurance Premium Calculator

    It is advisable to calculate the premium for your National car insurance policy by using the online calculator tool available at neutral financial websites such as BankBazaar.

    Through the online premium calculator tool, you can identify the approximate amount that you will have to set aside as premium. This is very useful when you are setting a budget for your financial needs.

    • The car insurance calculator tool uses the following parameters as input:
      • Your personal details, such as claim history, NCB earned, age, profession, etc.
      • Details about the car, such as make and model, engine capacity, area of registration, date of registration, etc.
    • The tool provides you an estimate of the premium in the form of a quote.
    • If you agree to the quote, you can proceed with the purchase of the policy at the same website, if desired.

    It is also possible to use the National car insurance premium calculator at the insurer’s website for identifying the premium for motor insurance. The tool works like the online premium calculator tool at neutral financial websites explained above.

    National Car Insurance Renewal Procedure

    By using the web portal to renew your existing car insurance policy, you can be eligible to receive a discount along with NCB (No Claim Bonus) if you qualify. Log onto the online portal of the insurance company to begin the procedure. National Insurance Company Ltd. allows you to easily renew insurance covers that are due for renewal in the next 30 days. One can also renew car insurance policies issued by other insurers(switch over) online. Policy renewals from other insurers is eligible for a 10% discount.

    There are two separate links on the homepage for renewal. One leads to renewal of policies issued from National Insurance and other for insurance cover from other insurers. Simply fill the relevant fields with policy number and email id to begin the procedure and follow the “on screen” instructions to complete the process. Keep handy, details of your bank account or credit card for online payment. The encrypted environment safeguards bank and credit card details.

    You receive an instant e policy available for download in a printable format. A copy of this document is also emailed to your registered email address. The policy document will be posted to the communication address with company seal and signature in designated working days.

    Why Should You Renew National Motor Insurance Policy Online?

    Since today’s digitally native consumer prefers to buy everything from train tickets to clothing, groceries and electronic goods online, the insurance sector has also taken certain steps so as to not fall behind. Most insurance companies today have a highly secure website through which you can buy and renew insurance online. The advantages of online policy renewal are as follows:

    • Security - Insurance providers utilise security systems that adhere to global security standards on their online portals. This ensures that your confidential information is not compromised. It is also found that the incidents of fraud are almost nil when you renew motor insurance online, unlike the renewal process that engages an insurance agent.
    • Cost-effective - Renewing car insurance online is cheaper because the insurer offers various discounts for these transactions. From the perspective of the insurer, when a policy is sold online there are significant cost parameters that are eliminated from the workflow. This includes the distribution and processing costs. The insurer passes on these cost savings to the customer in the form of discounts.
    • Limited paperwork - The online policy renewal process is free of excessive paperwork.
    • Easy and convenient - One of the most significant benefits of renewing insurance online is that the entire process is hassle-free and the policy is issued instantly.
    • Easy endorsements - An endorsement is a change that is made to a policy document. In case you have an online copy of the document, it is easy to update it with endorsements. For physical policies, you will have to resubmit a lot of information, making the addition of endorsements a time-consuming process.
    • Backup of policy documents - Having an online repository with your policy documentation is useful as it is stored safely and can be easily retrieved when needed.

    Documentation Required To Raise A Claim Under National Car Insurance Policy

    In case your insured vehicle is involved in a situation that qualifies for a claim (as per the policy terms and conditions), you can lodge a claim with the insurance company. The steps to be followed for the same are:

    • After a loss has occurred, contact the police and get an FIR filed. It should be noted that the FIR is mandatory for losses due to fire, theft, burglary, accidents, damage to a third party, etc. It is not mandated for damages due to natural calamities, such as earthquakes, floods, inundation, etc.
    • You will also have to intimate the policy issuing office immediately.
    • You should then update the claim form accurately and read through it to verify that all information provided is correct.
    • Submit the form to the policy issuing office either directly or through an authorised agent. The documents that need to be submitted along with the claim form are:
      • Police reports and FIR
      • Doctor’s prescriptions and reports of tests
      • Bills from the medical shop
      • Admission and discharge certificates from the hospital
    • The policy issuing office will send a surveyor to assess the loss. The insurance company may also employ a team of doctors to verify the claim filed.
    • The claim is eventually settled by the policy issuing office. The payment is made to the car owner as a lump sum settlement.
    • The insurer may also release a provisional payment to the policyholder if the case is being scrutinised. This is however, based on the merits of the case.
    • The insurance company may request for additional documentation on a case by case basis.
    • The insurer recommends that you lodge claims directly at the branch office and not through the online route.

    Why Should You Choose National Car Insurance?

    National Insurance Company Ltd., founded in 1906, is the oldest general insurance company in India. The company was the first to introduce product customisation for the rural and corporate customer. This concept has attained a lot of visibility with the farmers’ package policy that is prevalent today. National Insurance was also the first insurance provider to enter into an alliance with automobile giant Maruti and two-wheeler major Hero MotoCorp, among many others. The company was also a pioneer in the field of Bancassurance in the country, partnering with some of the largest banks in India.

    Today, National Insurance is India’s second-largest non-life insurance provider on the basis of its gross direct written premiums (GDWP). Motor insurance is also the company’s largest segment. So when you buy insurance for your vehicle, it is better to purchase it from a reliable player with a good track record and accountability.

    National Insurance has also been certified with exceptional ratings, signifying its strong capitalisation, robust market presence, and consistent performance in investments.

    Read More On National Car Insurance

    National Car Insurance FAQs

    1. By renewing car insurance policy issued by other insurers, can I be eligible for the No Claim Bonus(NCB) earned by in the previous term?
    2. You can avail the NCB by renewing your insurance with National Insurance online with minimal information. Policy details are automatically retrieved to sync information and pass on the NCB rebate even though it was issued by a different insurer.

    3. Why should I renew online when I can contact my agent or visit the nearest office of National Insurance?
    4. You have the advantage of documentation free renewal when done online. Plus, you receive a valid instant e policy that can be printed for reference. National Insurance may offer periodic discounts for online payments. All these benefits work to your advantage.

    5. I do not use my car too often. Do i really need to insure it?
    6. The Motor Vehicles Act mandates that the vehicles on the roads are insured by a minimum insurance, i.e., the third-party liability cover. This is applicable to all vehicles, even the ones that are not used very often. Since the law dictates that your vehicle is equipped with an insurance cover, it is advisable to buy a suitable policy for the car.

    7. What is the rate of depreciation for a new car?
    8. A new car depreciates as per the following table:

      Age of the car Rate of depreciation
      Brand new vehicle 5%
      Up to 6 months 5%
      6 months to 1 year 15%
      1 year to 2 years 20%
      2 years to 3 years 30%
      3 years to 4 years 40%
      4 years to 5 years 50%
      Above 5 years As decided by the insurer and car owner

      These values are used for the calculation of the vehicle’s IDV. It should be noted that the IDV is calculated at 95% of the total cost of the vehicle, i.e., with 5% depreciation, even when it is new.

    9. Is it possible to buy a National car insurance Personal Accident cover online?
    10. Yes, National Insurance Company Ltd. offers a Personal Accident cover for the owner driver of the insured vehicle. This cover can be purchased through the insurer’s website instantly. It is also possible to renew the Personal Accident cover through the insurer’s website.

    GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

    National Car Insurance Renewal Reviews

  • Page 1 of 7 1 2 3 4 5
    • National Insurance Car Insurance
      "Its Best"
      0.5 4.0/5 "Great!"
      I took Car Insurance from National, the premium was economical compared to other competitor. IDV value Rs. 4.85 lakhs for my Maruthi car with third party cover, road side assistance. May thing I like in National Insurance, they are providing cashless service and the premium was standard.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 15, 2018
    • National Insurance Car Insurance
      "Best Policy to hold"
      0.5 4.0/5 "Great!"
      Car Insurance premium is good, they gave me policy cover based on the age of the vehicle. National Insurance sent me the policy copy on time. My spouse have been taking insurance from same company for long term because they give third party, road side assistance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 15, 2018
    • National Insurance Car Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a Car insurance with National Insurance from last 4 years and it is one of the good insurance policy to use. I pay a premium of Rs 18000 for this car insurance and i do not have claim experience so far with this insurance. They cover bumper to bumper and even third party damages. Overall it is a good policy to use.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 02, 2018
    • National Insurance Car Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I have insured my four wheeler with the National insurance company and am holding it from the last seven years of time. I would like to say that the customer service is good one for me with them and the coverage value is fine one for me with them.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jan 20, 2018
    • National Insurance Car Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have Honda car and took the insurance with National Insurance for last 3 years. It was a nice experience. As of now, I didn't use any customer service. It is a zero value policy and the IDV is good. I used to pay yearly around 14,000 through net banking.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 19, 2018
    • National Insurance Car Insurance
      "Good"
      0.5 4.0/5 "Great!"
      When I purchased a new car that time the dealer has offered me a insurance with National Insurance. The customer service was good. I don't have any claim experience till now. I have taken a zero depth policy. This is the first time and I don't have much experience.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 19, 2018
    • National Insurance Car Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have purchased a new car and the insurance was suggested by the dealer. My car insurance taken from National Insurance. It was paid by the dealer with some discounts so am not sure about the premium value. This is the first time with National Insurance and I don't have much experience.
      Was this review helpful? 0
      , ambala
      Reviewed on Jan 17, 2018
    • National Insurance Car Insurance
      "Need to have cashless option"
      0.5 5.0/5 "Blown Away!"
      Previously I had a car insurance with National Insurance and still am continuing the same. I have no issues and complaints with them. I haven't received any reminder call for renewal, I normally do it on my own. I need to pay first then later it will be reimbursed. There is no cashless facility.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2018
    • National Insurance Car Insurance
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken Car Insurance with National Insurance.The premium amount is 20,000 paid once in a year through an ECS payment.I have been holding the policy for last two years.I have no claim experience till date.I get a good policy coverage amount.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 09, 2018
    • National Insurance Car Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I got the every years renewal car insurance policy with National insurance . I have paid Rs,9000 to renew the policy. I didn't have any claim experience with this policy. They give intimations on time to renew the policy before the due date.,.
      Was this review helpful? 0
      , jaipur
      Reviewed on Dec 29, 2017
    • National Insurance Car Insurance
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have taken a car insurance service from National insurance ,the service was very good with National insurance. And yearly I am paying 4k as a premium for my maruthi alto car and the payments will be generally through cheques it was a good experience with National car insurance service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 26, 2017
    • National Insurance Car Insurance
      "Good Insurance"
      0.5 5.0/5 "Blown Away!"
      I have been paying Rs.30000 for my Car Insurance on Yearly Basis. They have provided me a Bumper to Bumper Insurance. The coverage provided by them is quite good. The overall experience with it has been pretty good and the Insurance is trust worthy.
      Was this review helpful? 1
      , faridabad
      Reviewed on Dec 20, 2017
    • National Insurance Car Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I got the car insurance policy via my show room executives. I paid Rs,20.000 to get this policy. The customer support is good with the national insurance. I got this policy very recently and I never got any claim experience with this policy. The cashless garages options are good with the National insurance.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 11, 2017
    • National Insurance Car Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a Car Insurance with National Insurance.The premium amount is 8000 per annum.I have a claim experience once they have covered 85% of the value.I have been holding the policy for last two years.The online site is good easy to understand and navigate.
      Was this review helpful? 0
      , madurai
      Reviewed on Dec 08, 2017
    • National Insurance Car Insurance
      "Good insurance policy"
      0.5 4.0/5 "Great!"
      I have a car insurance with National insurance company from last 3 years, this insurance policy has to be renewed every year. I pay my insurance premium on annual basis through online. I did not have a claim experience so far. Customer service is good and their response is delayed sometimes. I am also satisfied with the benefits of this insurance policy.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 27, 2017
    • National Insurance Car Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      National car insurance service was good it was been taken directly from the showroom I am paying 27k yearly the payments where generally directly as a cash the documents part was easy compare to others also the customer service was good it was totally a good experience with national car insurance service.
      Was this review helpful? 0
      , jaipur
      Reviewed on Nov 23, 2017
    • National Insurance Car Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car insurance with National Insurance .I have been using the policy for last few years.The premium is Rs7200 is registered for an auto debit form my account.I get a policy coverage of Rs 2 lakhs.The online services is very good.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 21, 2017
    • National Insurance Car Insurance
      "Good policy to hold"
      0.5 4.0/5 "Great!"
      I have my car insurance with National Insurance. I have been using this car insurance for almost 10 plus years and renewing it regularly without any fail. My company deducts the premium from my salary and gives it to the insurance company. Till now I didn't have any claim experience with them.
      Was this review helpful? 0
      , delhi
      Reviewed on Nov 21, 2017
    • National Insurance Car Insurance
      "Quick service"
      0.5 4.0/5 "Great!"
      It is a corporate insurance provided by the Maruti dealer. It was a good experience for past 10 years. I had a claim experience, it was very quick. They had completed all the process through phone, it was taken care by the dealer. I deposit yearly around 11k to their account as a premium.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • National Insurance Car Insurance
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have got any kind of connection with National insurance but I got the National insurance Four wheeler insurance policy via Honda amaze. I am using the national insurance car policy for past 3yeras. I paid Rs. 16200 to renew the policy. The Honda amaze will give the reminder on time to renew the policy.
      Was this review helpful? 0
      , jorhat
      Reviewed on Oct 29, 2017
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