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

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    Policy Coverage

    Customer Service

    Claim Experience

    Cashless Garages

    New India Assurance Co Ltd, is a 100 % Government owned multinational general insurance company operating in 22 countries and headquartered at Mumbai, India. Founded by Sir Dorabji Tata in 1919. New India Assurance is the only direct insurer in India rated A-(Excellent – Stable outlook) by AM Best. New India Assurance’s Indian business touched Rs 10,000 crores (Rs 100 billion) in 2012-13.


    Key Benefits of New India Car Insurance

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    Don’t we love a good discount?

    Discounts

    Discount will be allowed for Automobile Association Member, Vintage car, Anti-theft device.

    Help is always at hand

    Accidental Cover /Customer Support

    Towing charges from the place of accident to the workshop upto a maximum limit of Rs.1500/-


    Add-on Covers for New India Car Insurance

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    Depreciation cover for New India Car Insurance

    Depreciation Cover

    Loss or damage to accessories fitted in the vehicle such as stereos, fans, air-conditioners etc.

    Invoice price cover for New India Car Insurance

    Third Party Cover

    Liability is covered for an unlimited amount in respect of death or injury and damage to third party property for Rs.7.5 lacs under Commercial vehicle and private car

    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 New India Car Insurance

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    No capers without the required papers!

    Inclusion

    Loss or damage to accessories fitted in the vehicle such as stereos, fans, air-conditioners.

    Drink OR drive. There’s only one choice

    Exclusion

    Driver being under intoxication, Vehicle being driven by a person not holding an effective valid license, Damage to tyres ,Wear and tear and mechanical breakdown damages.

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

    New India Car Insurance Policy Highlights Updated on 22 Oct 2018

    Features Specifications
    Third Party Cover Upto 7.5 L
    Incurred Claim Ratio* 86.95%
    Net Earned Premium* 7390.07

    *For Year 2016-2017

    New India Car Insurance

    Overview

    New India Assurance Co. Ltd. is a government undertaking with domestic and international operations. This Indian general insurance provider, headquartered at Mumbai, has been a front-runner in the non-life assurance sphere for over 4 decades now. It is known for it's robust financials allowing it to deliver on commitments to it's growing customer-base. Its unmatched profitability is testament to it's superior managerial abilities.

    This insurer’s presence is felt all over India reaching a large and growing number of customers through it's many distributors including offices, agents, micro offices, bancassurance partners, dealers, manufacturers, NGOs and tie-ups with corporates. Their products provide assurance solutions to clients in the business, retail, small and medium enterprise and social sectors.

    Their international presence is felt in over 22 countries through a network of associates, subsidiaries, branches and agencies.

    Motor Insurance in India

    Third-party car insurance is a necessity mandated by law for every motorist with insurable interest in a car driven on Indian roads. While one can opt for a policy to cover only this legal aspect, it is always better to possess a comprehensive motor policy to cover all eventualities. It is more affordable than taking out two separate policies i.e. one to cover damages caused to others and one to cover own-damages.

    New India Assurance - Package Motor Policy

    Part of it's personal insurance offerings, this motor policy was drawn up to bestow upon the holder the right to be recompensed in the event of any mishap involving the insured vehicle.

    Scope

    Private cars are covered under this contract for the following:

    • Own-damage:
      • Loss to the insured car (including accessories) caused by fire, lightning, larceny, public disruptions like riots, intentional damages caused by an external source/party, terrorism, environmental disasters (earthquakes, floods, landslides, cyclones, storms etc.), mishaps during transport by road, rail, waterways etc., accidents.
      • Expenses incurred on towing the car to the nearest service centre as per chosen rates or within a pre-determined limit of Rs.1,500.
    • Third-Party Liability:
      • All losses suffered by another party on account of the insured.
      • Amounts as awarded by the Court in relation to:
        1. Loss of life, property impairment, physical injury
        2. While bodily damages incur unlimited liability, property impairment is due to be compensated up to Rs.7,50,000.

    Out of scope

    The following are the exclusions or circumstances which do not entitle the policyholder to make claims:

    • Natural devaluation due to progression in age of the automobile
    • Breakdowns
    • Driving while under the influence of intoxicants like liquor and drugs
    • Driving without authority or without a valid driver’s license
    • Contractual obligations
    • War and related hazards
    • Usage beyond private purposes and limits
    • Usage beyond specified borders
    • Tyre-damages

    New India Car Insurance Add-on Covers

    New India motor insurance policyholders can take additional covers under their comprehensive plans by paying extra premium. As add-ons, customers can get cover for the following -

    • Damages or losses occurring on accessories available in the car, namely, fans, air-conditioners, stereos, etc.
    • Policyholders can get personal accident cover for paid drivers and passengers.
    • Cover for legal liability expenses to employees.
    • For commercial vehicles, coverage for legal liability expenses to non-fare paying passengers can also be availed.

    Insured’s Declared Value (IDV)

    This is the current market value of the car which is also the sum insured. Own-damage premiums are ascertained based on this. (Third-party premiums are as per tariffs set out under the Motor Vehicles Act, 1988).

    The IDV is derived from the producer’s selling price of a car of the same specifications. From this value, the relevant amount of depreciation is deducted based on the age of the vehicle. These amounts are usually considered for Total Loss (TL) or Constructive Total Loss (CTL) of the automobile for a period up to 5 years. Beyond this period and for models that are no longer in production, the amount to be deducted as depreciation is based on an agreement between the insurer and the insured.

    Premiums

    Premiums are dependent on the sum assured.

    In case of third-party covers, premiums are set as per the tariff given under the Motor Vehicles Act, 1988.

    In case of own-damage covers, premiums are set as per the sum assured of the insured motor vehicle. There are discounts available on OD premiums.

    Premiums also depend on:

    • Age of car
    • City where it is registered
    • Engine capacity (in cc)

    Discounts

    OD premiums qualify for discounts in the following cases:

    • No-Claim Bonus : This is offered upon renewal, after completion of a policy period wherein no claims were made. The bonus offered will range between 20% to 50% depending on the number of claim-free years preceding the renewal of the policy. Renewals should be done within 90 days of policy expiry.
    • Installation of anti-theft devices approved by the ARAI.
    • Membership with a recognised automobile association of India.
    • Classic or Vintage cars that are recognised as such by the Vintage and Classic Cars Club of India.
    • Laid-up vehicles
    • Use of the automobile within the premises of the insured

    New India Car Insurance Claims Process

    New India Car Insurance customers have to follow the below given steps to make claims under an existing policy. Policyholders have to adhere to different procedures depending on the type of claim filed.

    Claims for Accidental Damages to the insured vehicle -

    • The policyholder has to inform the nearest New India Insurance branch office in case of accidental damages to his/her vehicle. The branch will then issue a claim form to the customer.
    • This claim form has to be filled and submitted with copies of the driving license of the person driving the car when the accident occurred and the registration certificate along with a repair estimate.
    • A Surveyor will inspect the damaged vehicle after which a report will be submitted by him to the insurer. If the vehicle damage is major, then the company might even arrange for a spot survey of the accident location.
    • The policyholder will have to submit cash memos and bills to the company.
    • Once the claim has been approved, the policyholder will have to submit salvage of the damaged parts to the insurer.

    Claims for theft of the insured vehicle -

    • The policyholder has to lodge a First Information Report (FIR) with the police as soon as the incident occurs.
    • The office from where the policy was issued has to be updated by submitting a copy of the FIR.
    • The Final Police Report also has to be submitted later.
    • The claim will be approved once the surveyor’s investigation is completed. After this, the registration certificate has to be transferred in the insurer’s name and the keys for the vehicle have to be handed over. Duly notarized Indemnity on stamp paper and a letter of Subrogation has to be submitted by the policyholder.

    Liability Claims

    • If a policyholder plans to make a liability claim, then the insurer should be informed about any occurrence that will lead to a liability claim.
    • Once the summons from the court has been received, the same should be sent to the insurance company.
    • Policyholders have to submit the filled-in claim form with copies of the driving license, registration certificate and the FIR.

    Compulsory Deductibles

    The proposer has to bear a certain amount of the claim.

    In addition to the compulsory deductible, the proposer has to also bear the salvage value (within reasonable limits) and depreciation.

    It is evident that this policy provides a number of attractive benefits that can not only meet a proposer’s Car Insurance needs adequately, but can also do so in a flexible, easy and transparent manner.

    New India Assurance Customer Care

    The toll-free number of the customer care department of New India Assurance is 1800 209 1415. You can get clarifications to your queries by dialing this number. You can also visit the insurance company’s official website and fill up an online form to request for a call back. Another method of getting in touch with the insurer is by walking in to any of its branch offices. You can get a list of the existing offices of the insurance company by selecting the ‘Locate Us’ menu option on the website. You can get the branch addresses by typing in the PIN Code or city. This way, you will also receive the email address corresponding to each branch for communication.

    From the home page of the insurer’s website, you can select the option of ‘List of garages for cashless settlement’ and download the addresses of the network garages affiliated to the company. Customers can avail cashless claim settlement facility at these network garages.

    FAQS for New India Car Insurance

    1. What are the documents required to register a claim with New India Car Insurance?

      Documents to be submitted at the time of registering a claim are :

      • Document such as claim intimation received by the insurer
      • Copy of policy and receipt of payment of premium
      • Completed claim form
      • A copy of the driving license
      • Certificate of registration of vehicle
      • Estimate of repairs and a stamped receipt from repairer
      • Bills of repairs that have already been done at approved garages.
      • Road tax verification
      • Police FIR
      • Fitness Certificate, etc.

    2. What does the Liability Only policy cover?

      This policy covers the vehicle owner's liability to pay compensation for fatal injury or harm to a third party individual as well as for damage of third party property. This cover does not apply to damage or injury to the car and it’s passengers.

    3. What is the coverage given by Motor Package policy from New India Car Insurance?

      This policy covers all the risks including loss or damage caused to the vehicle due to: accident, theft, fire, strikes, explosion, natural disasters such as earthquakes, floods, cyclones, etc., malicious acts including vandalism, terrorism, damage during of transit and also includes towing charges.

    4. What is the coverage provided under the Solatium Fund Scheme?

      This scheme was introduced by the Central Govt. in order to provide compensation for "Hit and Run" victims. The amount of compensation provided to the victim or his family in case of such motor accidents is Rs. 25,000/- in the event of death and Rs.12,500/- for grievous hurt.

    5. What is not covered under New India Car Insurance policy?

      The scenarios that are not covered under this policy are - damages caused due to intoxicated driving, driver not having a valid driving license, damage only to tyres, breakdown of the vehicle due to mechanical reasons, etc.

    News About New India Car Insurance

    • Claim Car Insurance Now – New India Insurance

      Was your motor vehicle also completely inundated in the Chennai floods? Though it will be least of your worries in the current scenario, it would be a wise move to inform your insurance carrier or the authorized workshop, as any effort to kick-start or rev up your car can culminate in you losing your entire claim as per the All-inclusive Car Insurance Policy.

      The New India Assurance, a reputed insurance player in Chennai has already gotten 610 claim requests for vehicles alone. They keep reiterating that it would be easier if the owners with sunken or damaged cars due to the floods notify them immediately so as they can send an examiner to assess the extent of damage. As Mr. C Jegatheesan, the Regional Manager of the New India Insurance said, there are some unique cases in which the company might consider the claims that are not in compliance with the norms.

      22 Dec ember 2015

    • Two New Motor Insurance Products to be Launched by New India Assurance

      New India Assurance plans to launch four new products in the fiscal year 2016, two in the motor insurance segment and two in the health segment. Director G. Srinivasan added that the four new products have been filed with IRDA and are waiting to be approved. He said that the company would focus on retail, which is a big part of his business and expected a 15-16 percent industry growth in the current fiscal year.

      24 April 2015

    • New India Assurance and GIC Re Set to be Publically Traded Companies

      The Government of India has floated the idea of listing the shares of New India Assurance and General Insurance Corporation of India (GIC Re) for public trading from the next financial year. The Government’s agenda is to raise additional funds by diluting its stakes in the aforementioned public sector companies, a fact that was left open for interpretation in the meeting held as on January 30, 2015.

      24 February 2015

    • A.M Best announces new ratings for New India Assurance Company

      The New India Assurance Company Limited has been affirmed with A- (Excellent) rating for financial strength and a- rating for issuer credit by the global credit rating company, A.M Best. New India has a prominent position in India’s non-insurance market and the exceptional ratings speak volumes about its strong risk adjustment capitalization. New India has had an impeccable business profile, posting favorable results in the fiscal year 2013-2014 with stupendous growth. Despite the entry of competitors, New India also ranked second in terms of direct premiums in the motor insurance sector.

      17 January 2015

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

    New India Car Insurance Reviews

  • Page 1 of 10 1 2 3 4 5
    • New India Car Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a car insurance policy with New India assurance from last 4 years, i am happy with the coverage value of this insurance policy. I have no claim experience so far with this insurance I pay a premium of Rs 10000 and they cover bumper to bumper damage.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 15, 2018
    • New India Car Insurance
      "Good Policy"
      0.5 3.5/5 "Pretty good"
      My car is insured with New India Assurance from last 3 years, i am happy with the coverage value of this insurance policy. A premium of Rs 6300 has to be paid for this insurance policy. This policy has a full coverage. I had a claim experience in the month of September where the bill amount was Rs 60000 out of which they covered Rs 40000.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 11, 2018
    • New India Car Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have take car insurance from the New India assurance based on the befits and comfortable premium amount . They are giving Bumper to bumper coverage . They explained the policy benefits and claiming process . Overall am satisfied with my policy and service .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 02, 2018
    • New India Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken car insurance policy with New India Assurance for 1 year, a premium of Rs 29000 has to be paid for this insurance policy. This policy covers full coverage and i am happy with the coverage value. Customer service was good as they explained about the insurance terms and conditions.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 08, 2018
    • New India Car Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      MY car insurance is with NEw India Assurance from last 4 years and it is a good policy to use. I am not sure about the premium amount but they cover bumper to bumper damage. My claim experiecnce was good with this insurance policy. Customer service was good with this insurance and they responded on time.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 05, 2018
    • New India Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My car is insured with New India Assurance from last 2 years and it is a good policy to use. I have not claimed anything so far from this insurance policy. I pay a premium of Rs 3000 every year for this insurance and it has only basic coverage.
      Was this review helpful? 2
      , erode
      Reviewed on Aug 28, 2018
    • New India Car Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I was having a car insurance with New India Assurance for 1 year, i used to pay the premium of Rs 7000 for this insurance policy. I have not claimed anything so far from this insurance policy. The coverage value is good and they cover bumper to bumper damage.
      Was this review helpful? 1
      , jaipur
      Reviewed on Aug 27, 2018
    • New India Car Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      My car is insured with the New India Assurance. I am paying a premium of 10000, they also gave a very low IDV vale for my car and there hasn't been any claim experience with the policy. So far I haven't faced any issues with their services.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 04, 2018
    • New India Car Insurance
      "Good prodct, service needs some improvement"
      0.5 4.0/5 "Great!"
      With the New India assurance company, I have insured my car from the last five years of time, Customer service is an average one too. I would like to say that everything is an average one too with the New India assurance company.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 27, 2018
    • New India Car Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've two cars and one of my car is insured with the New India Assurance. It has got No additional features, I never had any claim experience with the policy. I never faced any issues with their services too. So far it has been a good experience with the policy and I'll have to wait and see how they respond to my claims in future.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 20, 2018
    • New India Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      Got my Car insurance from new India assurance , i have chosen this policy mainly because of the budget .It has good policy coverage and benefits. Customer service and response is good regarding documentation . I came to know through on-line website about this policy .I pay annually through on-line banking.overall am satisfied with this insurance policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2018
    • New India Car Insurance
      "Okay "
      0.5 3.0/5 "Satisfactory"
      I have insured my four wheeler with New India Assurance company. Customer service is okay one with them. Response is also okay one with the New India Assurance company. Plan benefits are fine one with the New India Assurance company.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 12, 2018
    • New India Car Insurance
      "Good discount "
      0.5 5.0/5 "Blown Away!"
      Recently I took a insurance policy for my car .The service provided by the company is good and the discount which we can avail is high which is a great initiative and helpful for the customers .I recommend to take policy with new India .thank you
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jun 09, 2018
    • New India Car Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      Recently I have got the car insurance policy from the NEW INDIA ASSURANCE . I have paid Rs,24000 to get this policy, it has the tenure of one year. The customer support service and the response is good from the New India assurance . I have never got any claim experience from the NEW INDIA ASSURANCE car insurance policy..
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 01, 2018
    • New India Car Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a car insurance with New India Assurance from last 5-6 years, i am happy with the coverage value of this insurance policy. They cover bumper to bumper damage for this insurance. My claim experience was good with this insurance and they gave road side assistance.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 30, 2018
    • New India Car Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a Car Insurance with the New India Insurance Company. I pay a premium of 16780 Per year. It offers Bumper to bumper coverage. I never had any claim experience with the policy. I make premium payment via Cheque.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 30, 2018
    • New India Car Insurance
      "Good policy for car"
      0.5 3.0/5 "Satisfactory"
      From NEW INDIA ASSURANCE i have taken a car insurance. Its a good policy which covers the whole vehicle.The policy benefits include bumber to bumber, cashless garage, road assistance and accidental coverage to the passenger.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 29, 2018
    • New India Car Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      From NEW INDIA ASSURANCE i have taken a car insurance were the premium of 23000 for a coverage of 1 year.The policy benefits include bumber to bumber, cashless garage, road assistance and accidental coverage to the passengers as well. I have taken this policy directly from the dealer.
      Was this review helpful? 0
      , dehradun
      Reviewed on May 29, 2018
    • New India Car Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      From NEW INDIA ASSURANCE i have taken a car insurance and the premium was around 7000 annually. I have to renew the insurance policy every year. It comes with an accidental coverage and the passenger coverage and no claim for the vehicle.
      Was this review helpful? 0
      , palakkad
      Reviewed on May 29, 2018
    • New India Car Insurance
      "Calim was good with New India"
      0.5 5.0/5 "Blown Away!"
      I have taken a car insurance from New India Assurance and the premium with them was around 13000 for an year. They provide all the benefits. It comes with bumber to bumber and cashless garage and road assistance. I am not sure about the coverage for natural calamities. The claim experience was really good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2018
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