The New India Assurance Two Wheeler Insurance

Founded by Sir Dorabji Tata in 1919, New India Assurance Co. Ltd. is a multinational general insurance company that operates in more than 28 countries. Headquartered in Mumbai, it is the only direct insurer in India which has been rated A-(Excellent) by AM Best Company since the year 2007. The company has also been rated AAA/Stable by CRISIL since 2014.

Overview of New India Assurance Two-Wheeler Insurance Policy

New India Assurance Two-Wheeler Insurance – An Overview
Add-On Covers
  • Personal Accident Cover
  • Legal liability to employees
  • Damage to accessories such as air conditioners
Incurred Claim Ratio 79.68%
  • Any losses or damage due to man-made disasters such as fire and explosions
  • All losses arising due to natural calamities such as flood and cyclone
  • Wear and tear of the vehicle
  • Any consequential loss
  • Losses incurred when driving without a valid driving license
  • Any losses due to acts of war
  • Claims coming up due to contractual liability
Cashless Network Garages More than 125 network garages
Third-Party Cover Death or any damage to a third party will be covered by the insurer
Bonus / Discounts No Claim Discounts
Personal Accident Coverage Personal accident cover ensures any loss incurred by the owner or driver of the vehicle is covered by the insurer
Policy Term 1 year to 3 years

Two-Wheeler Insurance Policy Offered By New India Assurance

The Motor Vehicles Act, 1988 makes it compulsory for all vehicle owners in India to buy an insurance policy for their vehicles. A certificate of vehicle insurance has to be carried by the vehicle owner or driver of the vehicle at all times while driving. Failing to produce the same when asked by a designated officer may result in imposition of fines and penalties. New India Assurance offers the following kinds of two-wheeler insurance policies in India.

  1. Liability Only Policy: The Liability Only Bike Insurance Policy offered by New India Assurance covers the liabilities that arise from bodily injury or death caused to a third party or any damage done to their property in an accident involving your vehicle.
  2. Package Policy: The Package Bike Insurance Policy offered by New India Assurance covers a range of incidents that may cause damage to the insured vehicle including third-party liability. The policy provides a greater scope of protection to vehicle owners.

Key Features of New India Assurance Two-Wheeler Insurance Policy

  • The New India Assurance Bike Insurance Policy covers all motorised vehicles including two-wheelers.
  • No Claim Bonus can be availed between the range of 20% and 50% based on the number of consecutive preceding years in which no insurance claim has been made.

Benefits of New India Assurance Two Wheeler Insurance

It is essential and mandatory to at least purchase a third-party liability insurance cover for your vehicle. This is mandated by the Government of India. New India Assurance Two Wheeler Insurance offers a comprehensive insurance policy apart from the minimum third party liability cover. Find out some of the big advantages of having an insurance policy for your vehicle. Have a look at all the advantages listed in the video and choose the New India Assurance Two Wheeler Insurance most suitable for you.

Coverage Offered Under Liability Only Policy

The Liability Only Policy covers the legal liability of the vehicle owner towards a third party in following instances:

  • Bodily injury or death caused to a third person.
  • Damage to property belonging to a third person.
  • For private vehicles, damage to third-party property is covered to an extent of Rs.1 lakh.

Coverage Offered Under New India Assurance Package Policy

In addition to coverage offered under the Liability Only Policy, the Package Policy covers loss or damage incurred by the vehicle in the following events:

  • Explosion, fire, self-ignition, or lightning.
  • Theft, burglary, or housebreaking.
  • Strikes, riots, other malicious acts.
  • Terrorist act.
  • Natural calamities including earthquake, flood, hurricane, typhoon, storm, inundation, tempest, cyclone, landslide, rockslide, and hailstorm.
  • Accident by external means.
  • Damage incurred by the vehicle in transit.
  • The package policy pays towing charges to a maximum of Rs.300 for two-wheelers. The limit can be increased by payment of additional premium.

Exclusions Under New India Assurance Two-Wheeler Insurance Policy

The bike insurance policy offered by New India Assurance has some general exceptions under which the insurance company is not liable to pay any compensation. The same are mentioned below:

  • Normal wear and tear
  • Any loss or damage to the vehicle which is consequential
  • Loss or damage to the vehicle during war, civil war, etc.
  • Claims made on bike insurance out of contractual liability.
  • Use of the vehicle against the limitations of its use.

Add on covers Available

Other than the standard coverage which is offered under the bike insurance policy from New India Assurance, a policyholder may extend the coverage of the policy by opting for add-on covers. Add-on covers can be opted for by paying payment of additional premium. The following are some of the add-in covers available.

  • Cover for accessories installed in the vehicle.
  • Personal accident cover for paid driver/passengers/legal liability to employees.
  • Personal accident cover under private car policies for:

Factors Affecting The Determination of Premium For A Two-Wheeler Insurance Policy

  1. Insured Declared Value of the vehicle.
  2. Cubic capacity of the vehicle.
  3. Geographical zone in which the vehicle is registered.
  4. Age of the bike/scooter.
  5. Add on Covers opted for.

New India Assurance Bike Insurance Claim Settlement Process

If your vehicle has met with an accident and you wish to file an insurance claim, follow the below-mentioned process:

Claim Registration In Case of Accidental Damage To The Vehicle:

  • Get in touch with the nearest New India Assurance office. The claim assistance executive will issue a claim form.
  • The claim form should be duly filled and submitted along with documents such as vehicle Registration Certificate, Driving License, Insurance Certificate of the vehicle, and an estimate of repairs.
  • Once you register a bike insurance claim, your vehicle will be surveyed by a surveyor appointed by the insurer. In case the vehicle is immovable after an accident, spot survey maybe arranged by the insurance company.
  • Duly signed repair bills/cash memos are to be submitted to the insurer.
  • You may need to deposit the salvage of the damaged vehicle parts with the insurance company after your claim is approved.

Claim Settlement In Case of Theft of The Vehicle

In case your vehicle is stolen, follow the following process for registration and settlement of claims.

  • File an FIR at your nearest police station.
  • Inform about vehicle theft to the insurance company and submit the copy of the FIR.
  • Submit the final police report if the vehicle is not traceable.
  • Cooperate with the investigator/surveyor and share relevant details with him/her.
  • Once your claim is approved, transfer the Registration Certificate of the vehicle in the name of the insurance company and submit vehicle keys, letter of Subrogation, and notarised Indemnity on stamp paper.

Claim Registration And Settlement In Case of Liability Claim

  • Intimate the insurance company of an event that may lead to third-party liabilities.
  • The Summon received from the court should be submitted to insurance company.
  • Duly filled claim form along with the vehicle Registration Certificate, FIR, and Driving License should be submitted to the insurer.

New India Assurance Cashless Garages

In case the vehicle has suffered damages and losses due to an accident or any other even as covered under the policy, the same can be taken to the nearest cashless garage tied up with the insurance company. The vehicle can be repaired at the garage and the claims can be settled with the insurer. Below are the city-wise two-wheeler cashless garages in India.

Serial Number Location Name Of Garage Address Phone Number Email Address Brand
1 Ahmedabad Kaveri Motors G-22 Satyamev Complex, Opp Gujarat High Court, S.G. Road Ahmedabad-380060 9428503750 Royal Enfield
2 Amritsar M/S Prabhat Motors G.T.Road, Putlighar, Amritsar-143001 0183-2228124 Tw-All Brands
3 Anand Raj Motors Nr. Shivam Party Plot, Anand Chikhodra Road, Anand-388320 NA Honda
4 Anand Amar Wings V.V.Nagar Road, Opp. Hp Petrol Pump, Anand-388001 NA Honda
5 Anand Shreeji Motors Nisaraya Crossing, Borsad-Bhadran Road, AT&T, Borsad-388540 02692-237715/231241 Honda
6 Attingal Excel Motors Kallambalam, Attingal 9895603525 Multi-Brand
7 Bangalore Fast Bykes No.440/23, Poornima Kalamandira, Mathikere Main Road 65328353 TVS
8 Bangalore Hitech Auto( India)Pvt Ltd., 1821/A, 158, 5th Main ( Behind Ee Sanje Building, Prakash Nagar, Rajajinagar, Bangalore-560010 Multi Brand
9 Bangalore Slv Bike Point 138-A, 8th Main, 1st Cross, Peenya 9731165835 Multi Brand Two Wheelers
10 Bangalore Silicon Motors R V Road, Bangalore-560004 Honda Scooters Make
11 Bangalore Popular Motor Corporation Banashankari,-560085, Bangalore Bajaj M/Cycles
12 Bangalore Electronic City Motors & Koramangala Motors Electronic City, Bangalore Royal Enfield
13 Bangalore Triton TVS 2, Ganganagar North, Opp. Govt. Hebbal Veterinary College, Bangalore-5600024 23537844/23537989 TVS
14 Bangalore S K Car Zone Pvt Ltd 29/2, Nekkundi, Doddanekundi Post, Site No. 20/136, 2nd Cross, Indl Area, N.S.Palya, BTM Layout, 2nd Stage, Bangalore – 560076 Multi Brand.
15 Belgaum Jagajampi Auto Pvt Ltd Opposite Civil Hospital, Ambedkar Road, Belgaum-5900100 Bajaj, Ktm
16 Bhiwandi Modi Motors Agencies Pvt. Ltd. (Kasheli Road-Bhiwandi) Modi Compound, Opp. Chamunda Complex, Kasheli Road, Bhiwandi, Thane Multi-Brand
17 Bhiwandi Modi Motors Agencies Pvt. Ltd. (Anjur-Bhiwandi) H. No. 629, S. No. 233/6 To 14, Anjur Road, Near Vijay Saw Mill, Anjur, Tal:Bhiwandi, Thane-421302 Multi-Brand
18 Chandrapur Kedia Auto Services Pvt Ltd Nr. Shivshankar Honda, Bapat Nagar, Nagpur Road, Chandrapur 442401 07172-260154 na All Brand
19 Chennai M/S Ramky Agencies 1, First Cross Street, Kasturba Nagar, Adyar, Chennai-600020 TVS
20 Gandhinagar Shakti Motors Hero Showroom Workshop, Kalol Highway, Kalol 9825803430 na Hero
21 Guwahati Abr Motor Workshops Vip Road, Chachal, Guwahati-781022 8720982039 Multi-Brand
22 Hanumangarh Jn. Chaman Automobile Bhagat Singh Chowk, Town Road, 01552-268467 0 Multi-Brand
23 Hassan Vls Motors Llp No.12c B M Road, Hassan -573201 Honda Two Wheeler
24 Hospet Samarth Motors Plot No 122, Koppal Road, Gangavathi-Tq Koppal-Dist-583327 Multi-Brand
25 Jaipur Riddhi Siddhi Auto Parts Cc-137, Gole Market Jawahar Nagar, Jaipur 0 Multi Brand
26 Kankavli Sapale Auto Services 156, Nh-66 Mumbai-Goa Road Kankavli 02367-230834 Yamaha Authorised Dealer
27 Kgf Saravana TVS Station Road, Kgf-563122 08153-260707 266600-266197 Single Brand – Bajaj
28 Kgf Sri Bhavani Motors Pritchard Road, Robertsonpet, Kgf 563122 08153-261834 9036906679 Multi Brand – TVS
29 Khopoli M/S Century Auto Centre Near Alta Lab Ltd, Mumbai -Pune Road Khopoli-410203, Tal-Khalapur, Dist-Raigad 02192-265140 Multi-Brand(All Tw)
30 Kolar Saravana TVS Hanume Gowda Complex, M B Road, Kolar – 563101 08152-223413 Single Brand – Bajaj
31 Kolar Sri Kausthub Honda No:2130, Mb Road, Beside Shanthamma Rame Gowda Choultry, Kolar-563101 08152-221414 9989398936 Single Brand – Honda
32 Kottayam Amala Yamaha Nss Junction, Karukachal 0481-248711 Multi Brand
33 Kottayam New Suzuki Vazhoor Road, Karukachal Multi Brand
34 Kushalnagar Kavery Honda B M Road, Kushalnagar, Kodagu, Karnataka -571234 08276 273555 Single Brand
35 Kushalnagar B S M Motors B M Road, Kushalnagar, Kodagu, Karnataka -571234 Na Multi-Brand
36 Lucknow Narain Motofab Budheshwar Chauraha, Lucknow No Ll Number Multi-Brand
37 Madikeri M/S Ranganatha Swamy Motors Near Appachu Rice Mill, Madikeri, Karnataka -571201 08272 221555 Single Brand
38 Madikeri Kodagu Motors Ranipet Road, Madikeri, Karnataka -571201 Na Single Brand
39 Madikeri Zeal Suzuki Near Cauvery Hall, Madikeri, Karnataka -571201 Na Single Brand
40 Madikeri Cauvery Honda Hill Road, Madikeri, Karnataka -571201 Na Single Brand
41 Mandya Kpr Motors Pvt Ltd M C Road Mandya-571401 Suzuki Two Wheeler
42 Mandya Popular Motor Corporation M C Road Mandya-571401 Bajaj M/Cycles
43 Mandya Rubymaratt Motorcycle M C Road Mandya-571401 Royal Enfield
44 Mangalore Honda Matrix Kodialbail, Mangalore 9845687066 Hmsi
45 Mangalore Pai Sales Mangalore 9845081446 Suzuki Two Wheeler
46 Mumbai Sah & Sanghi Auto Agencies Pvt. Ltd. Prakash Mills Compound, Off. Globe Mills Passage, Worli, Mumbai-400013 022-24925452 Multi-Brand
47 Mumbai Modi Motors Agencies Pvt. Ltd. (Goregaon West) Autoland, Excel Estate, S. V. Road, Goregaon (West), Mumbai-400062 Multi-Brand
48 Mumbai Modi Motors Agencies Pvt. Ltd. (Chunabhatti) Shed No.3, V. T. Patil Marg, Off V. N. Road, Chunabhatti, Mumbai-400022 Multi-Brand
49 Mumbai Modi Motors Agencies Pvt. Ltd. (Santacruz West) B0020 Vikas Centre, S. V. Road, Near Milan Subway, Santacruz (West), Mumbai-400054 Multi-Brand
50 Mumbai Modi Motors Agencies Pvt. Ltd. (Vidyavihar West) Sahani Compound, Gr. Floor-27, Kirol, Near Vidyavihar Bus Depot, Vidyavihar West, Mumbai-400086 Multi-Brand
51 Mumbai Modi Motors Agencies Pvt. Ltd. (Bhandup West) Sub Plot No. B, Survey No. 281, Bhandup Village, L. B. S. Marg, Bhandup West, Mumbai-400078 Multi-Brand
52 Mumbai Modi Motors Agencies Pvt. Ltd. (Kanjurmarg) Shed No. 18, Gala No.3, Saraogi Estate, L. B. S. Marg, Kanjurmarg, Mumbai-400078 Multi-Brand
53 Mumbai Modi Motors Agencies Pvt. Ltd. (Malad West) Devdular Compound, Cst No. 1106, 1107, Chincholi Bunder Road, Deorukhkar Wadi, Near Shakti Textile, Malad (West) Mumbai-400097 Multi-Brand
54 Mumbai Excel Service Station (Vile Parle West) V. M. Road, Juhu Vile Parle Scheme, Vile Parle West, Mumbai-400056 Multi-Brand
55 Mumbai Excel Service Station (Bkc) C/O Auto Care Centre, C-33, G. N. Block, Bandra Kurla Complex, Next To Asian Heart Hospital, Bandra East, Mumbai-400051 Multi-Brand
56 Mysore Kpr Motors Pvt Ltd New Kantharaj Urs Road, Near Akshaya Bhandar 570023 4000009 Suzuki Two Wheeler
57 Mysore Kpr Motors Pvt Ltd Pilot Circle, Near Bus Stand Mysore-570001 2446677 Suzuki Two Wheeler
58 Mysore Popular Motor Corporation Saraswathipuram Mysore 570009 2408890 Bajaj M/Cycles
59 Mysore Popular Motor Corporation Chamarajapuram Mysore 57 Bajaj M/Cycles
60 Mysore Honda Point 29/1, 9 Main Road, Iii Cross, Saraswathipuram, Next To Sbi Bank, Mysore 0821 2540745 Hmsi
61 Mysore Cool Cars 3095, Hunsur Main Road, Hinkal, Mysore-570017 0821 4192000 Multi Brand
62 Nanjangud Sri Lakshmi Venkateshwara Motors Rp Road, Nanjangud -571301 Yamaha Two Wheeler
63 Nanjangud Mahaveer Motors Ooty -Mysore Road, Nanjangud-571301 Hero Motors
64 Nanjangud Mks Honda Ooty -Mysore Road, Nanjangud-571301 22558 Honda Two Wheelers
65 Nanjangud Lakshmi Motors Ooty -Mysore Road, Nanjangud-571301 226600 TVS Two Wheelers
67 Rajkot Gujarat Tractors And Motors Co. N.H Ring Road, Market Yard Road, Rajkot 9879309655 All Brands
68 Ratnagiri Pathan Industrial Industry Kuwarbav, Ratnagiri-415612 Na na Suzuki Dealer
69 Sakchi M/S Alam Auto & Repairing M/S Alam Auto & Repairing Na Multi-Brand
70 Sirohi Siddhivinayak Auto Garages Adarsh Nagar Link Road, Kshetrapal Nagar, Sirohi 307001 (Raj, ) 0 0 Only Two Wheelers
71 Sullia United Yamaha No. 11-4/2b, Old Gate, Main Road, Sullia, Karnataka-574239 Na Single Brand
72 Thane Modi Motors Agencies Pvt. Ltd. (Pokhran Road No.2-Thane) Navjeevan Compound, Opp Oswal Park, Pokhran Road No.2, Thane-400601 Multi-Brand
73 Thane Modi Motors Agencies Pvt. Ltd. (Naupada-Thane) Modi House, Opp. Lic Tower, Naupada Thane, Eastern Express Highway, Thane-400602 Multi-Brand
74 Thane Modi Motors Agencies Pvt. Ltd. (Ambadi Road-Vasai West) Vishwakarma Nagar, Ganpat Niwas, Shop No. 2, Ambadi Road, Vasai (West), Vasai (M Cl), Vasai, Thane-401202 Multi-Brand
75 Thane Sns Motors Gala No. C/3,. Bharat Compound, Opp. Dodhia Petrol Pump, Kashi Village, Mira Road, Thane-401104 Multi-Brand
76 Thottada Susheela Auto Garage Esi Road, Thottada Po, Kannur-7, 670007 0497-2835009 Multi Brand
77 Vasai Modi Motors Agencies Pvt. Ltd. (Sativali Road-Waliv) Gala No. 01, 02, 03, 04, 05, 06, 101 & 102, Prime House, Building No. 18, Vasai East, Survey No. 84b, 84c & 84d, Satvali Road, Vill Waliv, Waliv (Ct), Taluka-Vasai, Thane-401208 Multi-Brand
78 Vasai Modi Motors Agencies Pvt. Ltd. (Richa Ind. Est.-Waliv) G. No. 8, Richa Ind. Est. No.-1, Waliv, Waliv (Ct), Vasai, Thane-401202 Multi-Brand

New India Assurance Contact Information

Address of the Head Office

New India Assurance Building,

87, M G Road, Fort, Mumbai



New India Assurance Email Address

If you have any queries or concerns that you need assistance with, you may write an email to

New India Assurance Toll-Free Number

You may also get on-call assistance from New India Assurance by calling on 1800-209-1415 (toll free) telephone number.

New India Assurance Frequently Asked Queries

  1. Who can buy a two-wheeler insurance policy in India?

    Any vehicle owner whose motor vehicle is registered with the Regional Transport Authority in India must buy a motor insurance policy for their vehicles.

  2. How is the Insured Declared Value (IDV) of a vehicle calculated?

    IDV is the maximum amount of some assured by an insurance provider in case of total loss of the vehicle. It is fixed on the basis of Manufacturer’s listed selling price for a particular model of the vehicle. The IDV for vehicles older than five years us determined based on the understanding between the insurer and the insured.

  3. What are the types of motor insurance policies offered by New India assurance?

    New India Assurance primarily offers two types of bike insurance policies which are ‘Third-Party Liability Only Policy’ and ‘Package Insurance Policy. While the Liability Only Policy has been made mandatory under the Motor Vehicles Act, it is recommended to go for a Package Policy which offers better coverage in a variety of instances.

  4. Is it compulsory to buy a two-wheeler insurance policy in India?

    Yes, the Motor Vehicle Act makes it compulsory for each motor vehicle being used on the Indian roads to have a motor insurance policy. Violation of the rule is a punishable offense.

  5. What are the documents required for making motor insurance claims?

    The following are the documents required for making motor insurance claims:

    • Copy of insurance premium receipt and the intimation given to the insurance company.
    • Driving license
    • Vehicle Registration Certificate
    • Estimate of repairs and stamped receipt
    • Bill of repairs
    • Road tax receipt
    • Police FIR
    • Other documents as asked by the insurer
  6. What is No Claim Bonus?

    A No Claim Bonus is the discount on motor insurance premium offered by the insurance company as an incentive for making no claims on the insurance policy during the preceding year. The NCB can go up to 50% based on the number of consecutive claim-free years.

  7. Will the insurance company compensate for the entire amount of the claim?

    In case of a total loss claim, the maximum sum assured by the insurer is the Insured Declared Value of the vehicle. Also, the insured has to bear the compulsory excess out of his/her own pocket.

  8. What is the eligibility criteria for obtaining a two-wheeler insurance with NIA?

    Any vehicle owner, who has his/her vehicle registered with the Regional Transport Authority (RTA) of India can apply for a two-wheeler insurance with the New India Assurance.

  9. What are the rating factors for a vehicle?

    The rating is given based on the Insured Declared Value, Cubic Capacity. Geographical zone,. Vehicle’s age, add-on covers and GVW for commercial vehicles.

  10. Explain the meaning of IDV.

    IDV or the Insured Declared Value is the sum insured for a vehicle. The claim amount is decided based on the IDV.

  11. Does this policy cover charges incurred from the place of accident to the workshop?

    Yes. The maximum limit of this towing charge is Rs.300 for two-wheelers. Also, by paying extra premium, higher towing charges can be opted for.

  12. How is the IDV of my vehicle calculated?

    The IDV is computed based on the manufacturer’s listed selling price for that particular brand and model of vehicle. For vehicles over 5 years and for obsolete models, the IDV is essentially an understanding between the insured and the insurer.

  13. Is No Claim Bonus available on this policy?

    Yes. No claim bonus is available on this policy and it ranges between 20%-50% depending upon the number of claimless years.

  14. What is the liability coverage limit under this policy?

    The New India Assurance Two Wheeler policy offer a liability cover of Rs.1 lakh for scooters and motorcycles.

  15. Who can opt for this policy?

    Any individual who has his/her vehicle registered in their Regional Transport Office (RTO) can buy this policy.

  16. Do I get any add-on covers with this policy?

    There’s only one add-on cover available under this policy, which is known as Nil Depreciation Cover.


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News About The New India Assurance Two Wheeler Insurance

  • New India Introduces Long-term Two Wheeler Insurance Policy

    Clients can go for two or three-year auto insurance policy terms as per the newest product launched by New India. Offering a zero-depreciation protection if you pay an extra premium, this is the first long-term all-inclusive policy for bikes and two-wheelers in India.

    Insurance Regulatory and Development Authority of India (IRDAI) has permitted insurance providers to design this policy for up to three years. G Srinivasan (Chairman and MD of New India Assurance) has said that the company has made INR 16,000 crore from premiums alone.

    The firm had previously presented another long-term motor third party insurance. Srinivasan is confident that in time, the policy term will be prolonged to five years. Plans to introduce long-term insurance policies for individual cars are in the pipeline, waiting for approval from IRDAI.

    5 August 2015

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