Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • National Car Insurance

    National Car Insurance
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    Policy Coverage

    Customer Service

    Claim Experience

    Cashless Garages

    National Insurance Company Limited (NICL) is a fully central government owned general insurance company based in India. The company headquartered at Kolkata was established in 1906 and nationalised in 1972. NIC's gross direct premium income has steadily grown to about INR9000 crores rupees in the financial year 2012-13.


    Key Benefits of National Car Insurance

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    So you’re stranded almost nowhere

    Cashless Claim Networks

    Direct Cashless Claim settlement in network garages across India

    Don’t we love a good discount?

    Discounts

    You can avail attractive online discounts in additional to NCB

    Help is always at hand

    Accidental Cover /Customer Support

    Accident to the occupants as also Increased legal liability to property damage of third party for a limit of Rs 7.5 lakhs


    Add-on Covers for National Car Insurance

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    Depreciation cover for National Car Insurance

    Depreciation Cover

    Claim without any deduction for depreciation on the value of parts replaced.

    Invoice price cover for National Car Insurance

    Third Party Cover

    Accident to the occupants as also Increased legal liability to property damage of third party for a limit of Rs 7.5 lakhs

    Personal Accident cover for passengers

    Personal Accident Cover

    Persoanl accidental cover for a lumpsum amount for paid driver/ passenger for large sum assured.

    *These Features may be included as part of different products and are subject to the insurer's terms & conditions.

    Inclusion & Exclusion in National Car Insurance

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    No capers without the required papers!

    Inclusion

    The policy covers Own Damage to the Insured vehicle caused by Accident by External Means Fire, Explosion, Self Ignition and Lightning.

    Drink OR drive. There’s only one choice

    Exclusion

    Damage to tyres unless the motor vehicle is damaged at the same time when the liability of the insurer is limited to 50% of the cost of replacement ;

    *These Features may be included as part of different products and are subject to the insurer's terms & conditions.

    Overview

    National Insurance Company Ltd

    The National Insurance Company (NIC) was founded on 6th December 1906 and has since been one of the premier general insurance companies in India. Today, 107 years later, the company lists over 15000 skilled employees in it's rolls, with 1340 offices and 373 business centers across India, and is operational in Nepal too. The company has been recognized as ‘Best in Service’ in the Motor and Health classes of the insurance business which comprise of 63% of the Indian non-life insurance market. In terms of Motor Insurance, the company has extensive tie-ups with leading automobile makers including Maruti, Tata Motors, Nissan, Honda etc. When it comes to Insurance in India, NIC is definitely a leading choice.

    Private Car Insurance from National Insurance Company Ltd

    The Motor Insurance policy from National Insurance Company (NIC) is highly pro-customer and brings in a range of features that provide 100% protection to your cherished set of wheels. With regular features such as protection against unintentional loss or damage caused to your car, theft, or the involvement of your vehicle in accidents that could have caused injury, loss of property or death of a third party, a network of experts who give new meaning to the concept of customer support and the simplicity of purchasing the policy online, make the private car insurance from NIC a hearty proposition.

    Key Highlights & Features of NIC Motor Insurance

    1. Covers vehicles used for socialca, domestic and for professional purposes (excluding carriage of goods by a driver other than the registered owner) as used by the insured or the insured’s employees. This excludes the use of the vehicle in cases such as for hire or reward, speed tests, reliability trials, pace setting, racing, and any scenario involving motor trade.
    2. Additional cover for loss of accessories, legal liability to paid driver, personal accident to the owner and other occupants of the car, and increased legal liability to property damage concerning a third party to the tune of Rs.7.5 lakhs.
    3. Provision for ‘No Claims Bonus’ if no claims are issued through the policy tenure. Also, discounts are applicable when opting for higher voluntary excess.
    4. Generally, annual policy tenures are issued. However, exceptions do exist to this rule.
    5. Purchasing the Motor Insurance is very simple- Buy online using credit/debit card or net banking. It takes just 5 minutes!!
    6. Avail discount for approved anti-theft equipment installed in the vehicle. There is also concession for custom designed vehicle that would be used by blind, handicapped or mentally challenged people.

    Sum Insured per the NIC Motor Insurance

    The coverage for your cherished vehicle will depend upon the manufacturer’s listed selling price, while subtracting the depreciation factor for each year or the Insured’s Declared Value (IDV). Herein, the IDV is the max amount payable in the event of a claim raised in relation to the total loss or theft of the vehicle.

    Incidents Covered Under the Private Car Package Policy

    1. Third Party Liability wherein your vehicle was involved in an accident that caused loss, damage to property (payable upto Rs.7.5 lakhs) and/or injury, death to a third party.
    2. Natural Mishaps: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
    3. Man-made: Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air, etc.
    4. Personal Accident Cover: As part of the overall motor insurance, and in accordance with the Motor Vehicles Act, NIC provides personal accident cover in the event of your unfortunate accident while driving. This accident cover can also be extended to passengers, whose number equals the maximum permissible occupancy in the vehicle.

    Exclusions- Incidents that aren’t covered by the Policy

    1. Anything from loss, wear and tear resulting from prolonged use as well as electrical and mechanical breakdowns or failures.
    2. Damage to the tyres of the vehicle. However, tyres are covered under the policy when they are damaged in the event of an overall vehicle accident, when the liability of NIC equals 50% of the cost of replacement.
    3. Damage/accidental loss caused to vehicle when the driver, or the driver assigned by the insured, was driving under the influence of alcohol or other mood/mind stimulating substances.
    4. Cost incurred for automobile parts and allied labour, failure of which led to the accident.

    Summing up- Coming from one of India’s oldest insurers, the questions of reliability and operational competence takes care of itself. The Motor Insurance from the National Insurance Company is tailor made for those who seek a simple, all-inclusive, robust and scalable insurance policy to protect their investment on their chosen set of wheels. Breathe a sigh of relief, and be protected against a range of natural and man-made calamities with Motor Insurance from NIC.

    FAQ's For National Car Insurance

    1. What are the coverage options available under National car insurance scheme?
    2. Insuring your car is mandatory in India as per various motor vehicle laws enacted by both state and central governments. Two types of coverage options are available.

      1. Liability Only cover: This type of coverage insures you only against third party legal liability arising out of an accident involving your car. It covers the risk of injury or death of a third party and third party property damage up to 7.5 Lakhs. In case of a mishap, no protection is offered to your vehicle or its occupants.
      2. Package Cover: Also known as comprehensive cover, this is an all inclusive car insurance policy which covers all liabilities which includes damages to own vehicle, self, occupants of the car along with statutory provisions for third party damages.
    3. What is the extent of damages covered for a self driven vehicle under the Comprehensive coverage car insurance plan?

      Under a National insurance comprehensive coverage plan, damages to own car caused by the the following are covered.

      1. Damage caused due to Fire(external means), Explosion, Lightning & Self Ignition
      2. Natural perils such as Floods, Earthquakes, Storms, Landslides and Rockslides
      3. Theft, Housebreaking & Burglary
      4. Riots, Strikes, Terrorism & other malicious acts
      5. Transit by Road, Rail , Air, Inland Waterway, Lift
    4. In relation to the above, elaborate on what is not covered under National car insurance scheme.
      • General wear and tear, electrical & mechanical breakdown, failure of systems and breakages which is otherwise covered under manufacturer's warranty. Consequential loss arising out of a damage is excluded as well.
      • Accident or damage caused due to the insured or any other person driving the car under the influence of drugs or liquor.

      Generally, the above are the standard exclusions. Its highly recommended that you read the policy document carefully to understand the nature of other exceptions.

    5. I read some literature about “No Claim Bonus”. What is this and how does it work?

      No Claim Bonus is a monetary benefit passed to the insured for not making any claims during the previous policy period. It is a mandatory rebate given by the insurer to the insured during the time of policy renewal for “zero”claims during the antecedent policy term.

      The NCB starts at a minimum of 20% and can go up to 50% of the policy premium renewal value.

    6. I would like to buy a national insurance car policy online. Can I sign up on the portal?

      National insurance hosts a web portal which lets you buy or renew your existing car insurance policy online. Simply log onto the web portal and navigate to the relevant link from the home page.

    7. What is the procedure for making changes to my existing car insurance policy from National insurance?

      Its paramount that you keep the insurer informed on changes with regard to communication address and phone numbers, modification in name, alterations made to the car etc. It is done by means of an Endorsement by the insurer.

    8. You can either call or visit one of the local offices of National insurance to gather more information regarding any modifications to the existing policy. Some of these changes may require support of relevant documents.

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