New India Assurance Car Insurance Renewal

New India Assurance Co. Ltd. offers car insurance plans for private cars and commercial vehicles. The insurer offers two types of covers:

  1. Liability-only policy - This plan offers coverage to the policyholder from legal liability to a third party in an accident. This covers third-party injuries/death and property damage.
    1. The plan includes personal accident cover for the owner-driver of the insured vehicle. However, it does not offer coverage for the insured car itself.
    2. The policy is also cheaper than a comprehensive package policy.
  2. Package policy - This plan protects the policyholder from loss or damage suffered by the insured vehicle.
    1. The owner-driver of the car is also offered personal accident cover.
    2. Additionally, this policy offers protection from legal liability arising out of injuries/death or damage to property of a third party.
    3. The package policy can be enhanced through the use of add-on covers that can be purchased separately from the insurance company.

New India Assurance Car Insurance Premium Calculator:

The website of New India Assurance offers you the facility to calculate the premium for your car insurance, free of additional charges. For this you will have to visit the insurer’s website and go to the motor insurance page.

  • In the car insurance premium calculator tool, update the make and model of your car, the city of purchase/registration, date of purchase/registration, Insured Declared Value of the car, your mobile number, and email address.
  • Once you agree to the terms and conditions you will receive a quote on your car insurance.
  • This quote will be sent to your mobile number in the form of an SMS.

In case you have any queries regarding the use of the tool, you can initiate an online chat with a representative of the insurance company through the website or contact the New India Assurance customer care team on their toll-free number.

New India Assurance Car Insurance Renewal Procedure:

It is possible to renew your New India Assurance in a hassle-free manner. This can be done instantly at the insurance company’s website by entering a few mandatory details.

New India Assurance offers its policyholders two options to renew their existing policies:

  • By logging in to the insurer’s website - Users can create an account at the insurer’s website and login to this account. They can then use the option for car insurance renewal and update the requisite details. After submitting the form, the renewal of the car insurance policy will be completed.
  • Through the ‘Quick Renewal’ option - Another method available on the website is the ‘Quick Renewal’ process, wherein a customer needs to enter only some basic details. This is a more convenient method of policy renewal as the customer is not required to login to the website and complete other time-consuming formalities.
    • In order to renew your motor insurance policy using the ‘Quick Renewal’ method, you will first have to get a quote for your car insurance online. You can use the New India Assurance car insurance premium calculator tool available at the insurer’s website for the same.
    • The next step is to access the ‘Quick Renewal’ link and update your customer ID and policy number/renewal quote number in an online form. Once this is done, you can view your details and save the quote to proceed with the renewal. Note that the customer ID is the one mentioned in your policy documentation. It is not your login ID to the website.
    • Payment can be done using credit card, debit card, or through netbanking. When the payment is successfully completed, the policy will be renewed.

If you have any queries regarding the renewal process, you can send an email to the New India Assurance customer care team for clarifications. It should be noted that the premium will be inclusive of GST. In case you are eligible for GST exemption, you should walk in to the nearest branch office of the insurance company with the relevant documentation. You can proceed with the car insurance renewal at the branch office.

FAQs for New India Assurance Car Insurance Renewal:

  1. What type of discounts does a customer get when he renews his New India Assurance car insurance policy?
  2. When a customer renews his New India Assurance car insurance policy, he can get premium discounts ranging from 20% to 50%, based on the No Claim Bonus amount accrued.

  3. How is the IDV (Insured Declared Value) decided at the time of renewal?
  4. At the time of renewal, the IDV (Insured Declared Value) is fixed based on the selling price set by the manufacturer of the insured vehicle.

  5. What are the payout limits for a New India Assurance liability-only car insurance policy?
  6. The liability-only policy offers unlimited coverage for bodily injury or death of a third party. For damage to third-party property, the coverage limit is Rs.7.5 lakh.

  7. I am planning to renew my New India Assurance car insurance policy. In the future, if my car meets with an accident, will I be reimbursed the towing charges incurred for transferring the car to a garage?
  8. Yes, the policy pays for towing the vehicle from the accident spot to a garage. The maximum limit for the same is Rs.1,500. You can opt for higher towing charges by paying extra premium.

  9. I am planning to renew my third-party liability car insurance plan from New India Assurance. I would like to get coverage for theft of my car as well. Do I necessarily have to take the package policy for this?
  10. New India Assurance offers a restricted third-party liability cover that protects your vehicle from theft or fire, in addition to providing the traditional coverage under the liability-only plan. But you should note that this coverage is not available for vehicles that are rated under Class D, tariff for miscellaneous, and certain special cars.

  11. What is the sum insured under a package policy from New India Assurance?
  12. The sum insured under the motor insurance policy from New India Assurance is equal to the Insured Declared Value (IDV) of the vehicle. This is essentially the manufacturer’s selling price of the model at the time of policy inception and adjusted thereafter based on depreciation.

    So if the car was totally damaged in an accident or stolen, the insurer will pay the policyholder a maximum amount equal to its IDV. The IDV of a car that is more than 5 years old will be based on a mutual understanding between the insurer and the policyholder.

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

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New India Assurance Car Insurance Renewal Reviews

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  • New India Car Insurance
    "Excellent Policy"
    0.5 5.0/5 "Blown Away!"
    One of my friend is working in New India so with him i bought the policy. I pay the premium amount of Rs. 15000 and this is a bumper to bumper covered policy. I got the IDV value of Rs. 6 lakhs. I do not have any claim experience and i got the no claim bonus too.
    Was this review helpful? 0
    , dindigul
    Reviewed on Oct 14, 2019
  • New India
    New India Car Insurance
    "Good Policy"
    0.5 2.0/5 "Expected more"
    My car insurance was taken from New India because the car dealer has provided me this policy. I had paid the premium amount of Rs. 33000 and this policy gives me a coverage of 100%. My claim experience is good and they had processed the claim in 24 hours.
    Was this review helpful? 0
    , bhopal
    Reviewed on Oct 04, 2019
  • New India Car Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    For my Honda city car I took New India assurance, I used to pay Rs. 21,000 per annum they gave me insured value upto 70 to 75%. I got bumper to bumper zero depreciation it has the cash garages. There is no claim experience so far, the renewal process is very easy through online.
    Was this review helpful? 0
    , sonipat
    Reviewed on Sep 19, 2019
  • New India Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I got my car insurance with New India Assurance and company provided me a car and they are taking care of my policy. I am not facing any problems and they have taken third party insurance. Hoping the premium is affordable and the benefits are good.
    Was this review helpful? 1
    , vizianagaram
    Reviewed on Sep 05, 2019
  • New India Car Insurance
    "Superb"
    0.5 5.0/5 "Blown Away!"
    I took a car insurance with New India Assurance and am advisor as well. The premium is low than other insurance companies. They have charged me 18K for a year and its first party insurance with full cover. They are doing good service and even done a claim. I got 80% on the reimbursement.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 03, 2019
  • New India Car Insurance
    "Its Good"
    0.5 3.0/5 "Satisfactory"
    I have New India insurance for my car, the premium amount is reasonable, I took the plan for one year. I have zero depreciation bumper to bumper plan and the agents are professional, the car idv value is good as per the manufacturing year. The renewal process also pretty easier with them.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jul 29, 2019
  • New India Car Insurance
    "Good in claim settlement"
    0.5 5.0/5 "Blown Away!"
    Last year I met with an accident, they done it very well. My car front bumper and radiator was damaged, I got the cash less garages the just taken one week of time to reflect the issue. I paid the premium of 11,000 for zero depreciation plan its fully covered.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Jul 19, 2019
  • New India Car Insurance
    "Needs improvement on the claim process"
    0.5 4.0/5 "Great!"
    I had chosen New India Assurance for my car insurance because I know a employee so I get some waiver off on the premium. I had claims on my previous car and the experience was not good. They need to improve on the benefits because I need to pay first for the cliam process then they send a cheque after 1 or 1.5 months that too after analyzing. I get 80% and sometimes 85% of the claim.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jul 19, 2019
  • New India Car Insurance
    "Good Experience"
    0.5 5.0/5 "Blown Away!"
    I purchased zero depreciation car insurance with New India Assurance, the cost is reasonable. Last year I paid the premium of Rs. 14,000 for one year policy its for four years old car. They got tie up with many service centers, the service is good I can reach at any time.
    Was this review helpful? 1
    , mumbai
    Reviewed on Jul 18, 2019
  • New India Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have bee using the car insurance policy with NEW INDIA ASSURANCE where the customer support is prompt by giving the information regrading the policy expiry date. I had no claim also the IDV value is good provided with the insurance policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 10, 2019
  • New India Car Insurance
    "Need to improve the service"
    0.5 4.0/5 "Great!"
    Taken my car insurance from New India. My dealer has given the policy with them and I'm continuing with the same company. I pay the premium amount of Rs. 16000 for the coverage amount of Rs. 7.50 lakhs. I haven't got my no claim bonus. When i informed about the same, they were not ready to provide proper response.
    Was this review helpful? 1
    , kochi
    Reviewed on Jul 06, 2019
  • New India Car Insurance
    "Need to experience the policy"
    0.5 5.0/5 "Blown Away!"
    New India insurance has a tie up with Maruti since i have a Martui Swift i have chosen them. I pay the premium amount of Rs. 11000 approximately. I get a coverage value of Rs. 5.86 lakhs. I do not have any claim experience so far from the purchasing date.
    Was this review helpful? 1
    , jaipur
    Reviewed on Jul 03, 2019
  • New India Car Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have been using with the NEW INDIA ASSURANCE where i had claim once with the policy and i had a claim experience and i got reimbursement of 50%. The policy coverage is for bumper to bumper. I have paid the premium was 7K and the IDV value is 80% provided.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jul 01, 2019
  • New India Car Insurance
    "Faster Claim settlement"
    0.5 5.0/5 "Blown Away!"
    Maruthi brokerage is linked with New India hence I took car insurance. Some body have scratched my car hence I went for zero depreciation plan within two days they rectified my issue and return the vehicle. I paid some additional charges for availing zero dep.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 28, 2019
  • New India Car Insurance
    "Recommendable policy"
    0.5 5.0/5 "Blown Away!"
    I paid to New India Assurance around Rs.4000 for car policy because my car policy belongs to 10 years old. They do have road side assistance, 24 hours service and I availed third party insurance. The insured value is good, the renewal process was easy through online and offline, I get the policy copy through email.
    Was this review helpful? 0
    , chandigarh
    Reviewed on Jun 21, 2019
  • New India Car Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I had 2 times claim with the NEW INDIA ASSURANCE where the customer support is good and i got the claim on time also the process was 1uick. The premium was nominal also the IDV value is good. The coverage is for zero depreciation with this insurance policy.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on May 20, 2019
  • New India Car Insurance
    "Good Insurer"
    0.5 5.0/5 "Blown Away!"
    I have car insurance with New india assurance, they have cash less garages but I don't have any claim. I got the policy paper on time, last time I paid the premium amount of Rs. 7000 for first party insurance. They do have road side assistance and 24 hours service.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 23, 2019
  • New India Car Insurance
    "Good claim settlement"
    0.5 5.0/5 "Blown Away!"
    For my Mahindra tractor, one time I claimed with New India Assurance for the small damage. In my experience they are good they settled my reimbursed on time. The customer support is great, they settled 80% from the bill amount. I am very fine with them.
    Was this review helpful? 0
    , kadapa
    Reviewed on Apr 20, 2019
  • New India Car Insurance
    "Very Few branches across the city"
    0.5 4.0/5 "Great!"
    New India office branches will be located at very distance . It is not easy to go their office even for a small claim . They do have very less number of people for inspections . Actually , I went for only small claim , During that time everything was taken care by the car vendor itself.
    Was this review helpful? 0
    , kochi
    Reviewed on Apr 09, 2019
  • New India Car Insurance
    "Quick Claim process"
    0.5 5.0/5 "Blown Away!"
    At the time of car purchase, the dealer have suggested New India Assurance, they have easy option to renew the policy. I claimed it once, when I met with the accident the car got damage in front part then within 10 days I got the cash less garages.
    Was this review helpful? 0
    , bangalore
    Reviewed on Apr 09, 2019
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