National Motor Insurance

National Insurance Company Ltd. is the oldest general insurance company in the country. It was also the first insurer to get into partnerships with the largest automobile manufacturer in India, Maruti, and prominent two-wheeler company Hero MotoCorp. National Insurance is the pioneer in introducing bancassurance in the country through tie-ups with leading banks.

The insurance company has a strong market presence and offers innovative insurance solutions to urban and rural customers throughout India.

Why Should You Buy Motor Insurance From National Insurance?

The reasons for taking motor insurance National Insurance are many. These include:

  • The insurer provides two-wheeler insurance policies with coverage terms of 1 2, and 3 years.
  • The insurer uses a highly secure payment system that ensures your confidential information is not compromised.
  • The insurer offers discounts on premium in the form of No Claim Bonus (NCB). The customer can also opt for higher voluntary excesses to bring down the motor insurance premium.
  • Discounts are offered for insuring vehicles installed with approved anti-theft devices.
  • Customers can also get discounts on the insurance premium for specially designed vehicles used by handicapped, blind, or mentally challenged individuals.
  • The coverage under the motor insurance policy from National Insurance can be improved by opting for appropriate add-on covers based on the needs of the customer.

Types Of Motor Insurance From National Insurance

National Insurance provides motor insurance policies for private cars and two-wheelers.

  • Private car insurance policy - This insurance plan protects the insured car against damages due to natural calamities, man-made disasters, accidents, fire, etc. The policyholder also receives personal accident cover that protects him/her from permanent disabilities/death in an accident. Additionally, the coverage under the plan includes third-party liability.
  • Two-wheeler insurance policy - This insurance policy is specifically designed for two-wheelers. It protects the insured vehicle from theft, man-made disasters, natural calamities, in-transit damage, etc. The owner-driver is also offered personal accident cover. Additionally, the insurer offers third-party liability coverage under this plan.

National Insurance Liability Only Insurance Policy - Inclusions

A customer can choose to buy a limited coverage insurance plan for his/her vehicle from National Insurance. This basic policy is also referred to as liability only plan and is the minimum level of insurance that every vehicle should have according to the law. If you drive a vehicle without a minimum of liability only insurance cover, you can be penalised heavily.

The coverage under this plan includes the following:

  • Legal liability for injuries or death faced by a third party in an accident.
  • Third-party property damage (TPPD) cover of up to Rs.7.5 lakh.

This insurance plan does not protect the insured vehicle itself or the owner-driver.

National Insurance Package Policy - Inclusions

A package policy from National Insurance offers more extensive coverage to the policyholder. The vehicle/policyholder is protected from the following events:

  • All damages caused to the vehicle in an accident
  • Losses incurred while in-transit via rail, road, inland waterway, lift, or air
  • Explosion, fire, lightning, or self-ignition
  • Theft, burglary, or housebreaking
  • Riots, terrorist acts, strikes, or malicious activities
  • Natural disasters such as storms, flood, landslides, rockslides, or earthquakes
  • Liability to a third-party following accidental injuries, death, or property damage

The motor insurance policy also offers personal accident cover to the owner-driver.

National Motor Insurance - Exclusions

The National Insurance motor insurance plan does not include coverage for the following incidents:

  • Wear and tear of the insured vehicle
  • Consequential losses
  • Mechanical or electrical breakdown
  • Damages to the tyres unless the insured vehicle is also damaged (In case the tyre damage is accompanied by damage to the vehicle, the insurer pays 50% of the cost of replacement of tyres)
  • Driving after the consumption of liquor or drugs

National Motor Insurance FAQs:

  1. How do I take a policy from National Insurance?
  2. You should contact the nearest office of the insurance company, either directly or with the assistance of an authorised agent. You can get in touch with an agent by contacting the office through their telephone number or email ID. Then you should fill up a proposal form and submit it to the office. The insurer will conduct a survey of your vehicle.

    The insurance company will then provide you premium estimates. The policy will be issued after the premium payment. You will receive the policy documentation through registered post. You can also request for it to be delivered directly.

  3. Can I buy National Insurance motor insurance online?
  4. Yes, the company offers the facility of purchasing motor insurance online through website. Premium payments can be made effortlessly through credit/debit cards or through net banking.

  5. Is it possible to renew the insurance policy of another company through
  6. Yes, this is possible. You will have to visit the website and furnish details of your expiring policy. While renewing insurance online, you will receive the complete benefits of your accrued No Claim Bonus.

  7. Do I get any discounts for buying motor insurance online?
  8. Yes, National Insurance offers attractive discounts to customers who choose to purchase private or two-wheeler insurance policies online.

  9. How do I lodge a claim with National Insurance?
  10. You have to follow these steps to lodge a motor insurance claim with National Insurance:

    • After the loss has occurred, you should immediately file an FIR at the nearest police station.
    • Then you should intimate the insurer’s office from where the policy was issued.
    • Fill up the claim form and submit it to the insurance company. You can do this either directly or through an authorised agent.
    • You should also submit police reports, medical bills, cash memos for medicines, admission and discharge certificates from the hospital, etc. as required on a case-by-case basis.
    • The insurer may appoint a surveyor to assess the loss. The case may also be referred to a panel of doctors for further investigation.
    • The claim settlement is done in the form of a lump sum payment.
    • In some cases, the insurer may offer provisional payment to the policyholder if the final claim processing is delayed. However, this depends on the merits of the case.

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