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

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    Plan Benefits

    Policy Coverage

    Customer Service

    Claim Experience

    For many of us, our two-wheeler is a vital part of our life. It is our object of admiration, source of pride and a symbol of monetary achievement. Isn’t it upon us to protect our most cherished possessions? To keep your two-wheeler safe and secured, you must invest in a two-wheeler insurance policy. Not only is it mandatory in India, but it also offers financial liability to help you cover the costs of any damage.


    Key Benefits Of The New India Assurance Two Wheeler Insurance

    01
    02
    Discounts

    Discounts

    No Claim Bonus discounts range from 20% - 50% on renewal of the policy

    Accidental Cover

    Accidental Cover

    Cover is provided for the owner's legal liability in the accident


    Add-on Covers For The New India Assurance Two Wheeler Insurance

    01

    Additional Covers

    Legal liability to employees, legal liability to non-fare paying passengers commuting in commercial vehicles, and damage or loss caused because of accessories in the vehicle - like fan, stereos, etc. is covered.


    Inclusions And Exclusions In The New India Assurance Two Wheeler Insurance

    01
    02
    Inclusion

    Inclusion

    Loss or damage to the insured vehicle due to fire / earthquake / flood / cyclone

    Exclusion

    Exclusion

    Damage by a person driving under the influence of liquor / alcohol / drugs


    The New India Assurance Two-wheeler insurance policy is a comprehensive scheme that is provided under the motor policy umbrella. With countless benefits like No-Claim Bonus (NCB) ranging up to 50%, cover against all major risks and a hassle free claims policy, The New India Assurance’s two-wheeler insurance will guarantee that you are secured when unpredictable events occur.

    Features and Benefits of the New India Assurance Bike Insurance

    • This policy comes under the “Motor Policy” umbrella and offers coverage for all types of vehicles including private cars, commercial vehicles and vehicles in garages and showrooms.
    • The covers are categorized into liability only and package policy which makes it even more extensive.
    • No-Claim discounts are offered upon policy renewal and ranges from 20% to 50% which will help the policyholder save on the premium amount.
    • The New India Assurance also offers add-on covers on payment of extra premium.
    • Policyholders are guaranteed a hassle-free claims process. Also, they can renew the policy online.

    New India Assurance 2 Wheeler Insurance Coverage

    New India Two Wheeler Insurance Coverage

    The New India Insurance Motor Policy offers two major categories of covers – Liability only and package policy. Here is the list of risks included under each type.

    Package Policy

    This type covers the damage or loss to the vehicle or its accessories caused by the following risks:

    • Fire, self-ignition, explosion
    • Lightning
    • Strike and Riot
    • Burglary, theft or housebreaking
    • Malicious and terrorist acts
    • Damages caused by earthquake (fire and shock)
    • Rockslide, landslide
    • Damages caused while in transit by inland waterway, air, road, elevator or lift
    • Calamities including typhoon, flood, storm, tempest, hailstorm, cyclone and inundation
    • Accidental external means

    Liability Only Policy

    Under this policy, cover is offered for the owner’s legal liability to monetarily compensate for the following:

    • Death or bodily injury caused to a third-party
    • Damage caused to a third party property

    New India Assurance Two Wheeler Insurance Exclusions

    The following risks are not covered under the two-wheeler insurance policy offered by New India Assurance:

    • Damage caused by breakdowns, wear & tear
    • Loss or damage caused when driving under the influence of alcohol or with no or invalid driving license.
    • Loss caused by civil war or war
    • Claims arising out of contractual liability
    • Use of vehicle which is not accordance with “limitations as to use”, for e.g, using a private car as taxi will not be considered.

    No-Claim Bonus

    Depending on the type of vehicle and the number of years for which no claim has been made by the insured, No-Claim discounts are offered on policy renewal. NCB ranges from 20% to 50%.

    Add-On Covers

    The following are the additional covers offered by the New India Assurance and the policy can be extended to cover these additional risks on payment of extra premium.

    • Damage or loss caused to accessories in vehicle like stereos, fan etc.
    • Legal liability to employees
    • Legal liability to non-fare paying passengers travelling in commercial vehicles

    How to file a Claim with the New India Assurance

    • If the vehicle is stolen 

      In case your vehicle is stolen, you must immediately file an F.I.R with the police. Also, you must inform the policy issuing office and provide a copy of F.I.R for insurer’s reference. You will be required to submit the final police report. An investigator and a surveyor will be appointed by the company to assess the loss. After claim approval, you must hand over the vehicle keys, get the registration certificate transferred to the company’s name and submit a letter of subrogation and indemnity on a duly notarized stamp paper.

    • For a Liability Claim

      The insurance company must be informed of any incident that might give rise to a liability claim. On receipt of the court summon, the same should be sent to insurer. FIR, driving license and the claim form along with copies of registration certificate must be submitted.

    • In case of Accidental Damage to the Vehicle

      Get a claim form which will be provided upon intimation to the nearest office. After submission of claim form along with driving license, estimate of repairs and a copy of registration certificate, the vehicle will be surveyed by an appointed surveyor. A spot survey will also be arranged in case of major damage. Duly signed final cash bills are to be submitted by the insured. After claim approval, salvage of the damaged parts might be required to be deposited with the insurer.

    Documents Required for Filing a Claim

    Depending on the type of claim, the policyholder will require the documents like:

    • First Information Report
    • Vehicle’s Registration Certificate
    • Driving license of the driver
    • Bills and estimates of damage

    Do enquire with the nearest NIA office for a comprehensive list of documents required.

    How Zero Depreciation Add-On Covers Works in New India Assurance:

    New India Assurance offers an add-on cover for its comprehensive policyholders called the No Depreciation Cover. Here’s how it works.

    The cover basically relieves the policyholder from paying for the depreciation of 5% to 50% on various parts of their vehicle which include plastic, metal, rubber, or fibre if a loss occurs due to an accident. When a policyholder has this cover, almost all expenses associated with the repair of their vehicle will be covered by the company. There is a limitation to this cover, however, as it is only available for vehicles that are less than 5 years old.

    Rating factors for New India Assurance Two-wheeler Insurance

    New India Assurance has a number of rating factors which it takes into consideration to to assess the amount of risk a two-wheeler poses and also to decide on the premiums. These rating factors include:

    • Insured Declared Value (IDV): This is basically the sum insured for the vehicle at the inception of the policy. It takes into account the selling price of the vehicle by a manufacturer minus the cost of taxes, registration costs, and health insurance policy premium. If an individual wants a higher IDV, they will have to pay a higher premium so as to offset the costs.
    • Cubic capacity: The cubic capacity of a vehicle is also taken into consideration when determining the amount of risk a two-wheeler poses. This is because insurance companies believe that higher cc vehicles are more likely to be susceptible to damages subsequently leading to insurance claims. This can also have an impact on the premiums a policyholder is likely to pay,
    • Geographical zone: The location a prospective buyer lives in will also have a bearing on the premiums they are likely to pay. This is because an individual living in the city is more likely to get into an accident than a person living in a remote village. Also, a person living in a conflict-ridden region is more likely to claim for damages, when compared to people from other regions.
    • Age of the vehicle: How old a vehicle is has a say in the liability an insurer is up against. If the vehicle is older, the insurer is likely to consider it a bigger liability as compared to a new vehicle.
    • Add-on cover: As mentioned earlier, an add-on is a cover that is added to a vehicle over and above the comprehensive policy. This means that an individual looking to buy an add-on cover should pay a much higher premium as opposed to an individual who doesn’t opt for an add-on cover.

    FAQs-Frequently Asked Questions

    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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.

    6. 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.

    7. 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.

    8. Who can opt for this policy?

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

    9. 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.

    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.

      5th August 2015

    New India Assurance Two Wheeler Insurance Reviews

  • Page 1 of 9 1 2 3 4 5
    • New India Two Wheeler Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I got the NEW India assurance Two wheeler insurance policy for more than 15years. I get the reminders via NEW INDIA ASSURANCE agents to renew the policy on time. The customer support is good with the NEW INDIA ASSURANCE. I paid around Rs,1000 to renew the policy last year.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 23, 2017
    • New India Two Wheeler Insurance
      "Better"
      0.5 3.0/5 "Satisfactory"
      I am having the two wheeler, which got insured with the New India assurance company, also I have not faced any claims with them till now. I would like to say that the customer service is good one with the New India assurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 21, 2017
    • New India Two Wheeler Insurance
      "Best policy to use"
      0.5 5.0/5 "Blown Away!"
      I hold a two wheeler insurance with New India Assurance from last 5 years, i did not face any kind of issues with this insurance policy till date. I pay a premium of Rs 800 every year through cheque and they provide door step service to collect the payment. The coverage and benefits are also good in this policy.
      Was this review helpful? 0
      , bhuj
      Reviewed on Nov 20, 2017
    • New India Two Wheeler Insurance
      "Average policy to hold"
      0.5 4.0/5 "Great!"
      I had this two wheeler insurance with New India Assurance for the 1st year alone with them. I paid Rs. 1000 for the first year for this two wheeler insurance policy. I had no claim experience with them till I had the policy with them as my two wheeler was new.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 17, 2017
    • New India Two Wheeler Insurance
      "Not bad"
      0.5 4.0/5 "Great!"
      My Two wheeler insurance was with New India Assurance for 2 years. Branch is near to my place and convenient. I pay insurance premium of 718 rupees yearly. It was paid directly to the branch office. They are not providing proper customer service. The plan benefits and policy coverage was not explained.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 13, 2017
    • New India Two Wheeler Insurance
      "Its good"
      0.5 4.0/5 "Great!"
      New india two wheeler insurance policy is very good, premium amount is very much nominal this was offered by the agent they explained me about the policy benefits and policy cove rage was really good . First it was with ICICI Lombard and now its New India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 11, 2017
    • New India Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      Using the New India Assurance Two wheeler insurance policy for past 1 year. I paid Rs,1200 to get this policy. The customer support is good with New India assurance . The plan benefits and the coverage is good with this policy. I dont have any claim experience with New India assurance 2 wheeler insurance policy.
      Was this review helpful? 0
      , guntur
      Reviewed on Nov 11, 2017
    • New India Two Wheeler Insurance
      "Average service"
      0.5 4.0/5 "Great!"
      Having the Two wheeler insurance policy with New India assurance for past 10yeras. The customer support is average with New India because they dont give any reminders to renew the policy on time. I myself renew the policy on time before the due date. I paid Rs,850 towards this policy last year. I am satisfied having the 2 wheeler insurance policy with New India assurance.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Nov 11, 2017
    • New India Two Wheeler Insurance
      "Average policy to use"
      0.5 4.0/5 "Great!"
      With New India assurance I got the Two insurance policy for past 2 years. I paid around Rs,1500 to renew the policy. The customer support is not up to the mark with New India assurance, because they don't give any reminders to renew the policy on time. I don't have any claim experience with this policy.
      Was this review helpful? 0
      , anand
      Reviewed on Nov 06, 2017
    • New India Two Wheeler Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have taken a two wheeler insurance of New India Assurance recently. This two wheeler insurance is one of the best when compared to others in market. The premium amount is 1200 which has to be paid on yearly basis. I am also satisfied with benefits and the claim amount which I received from them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 04, 2017
    • New India Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the New India Assurance company and their services are an excellent one for me, also I have not made any claims. Policy coverage value and the plan benefits are good one with them.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Nov 04, 2017
    • New India Two Wheeler Insurance
      "Good policy to use"
      0.5 3.0/5 "Satisfactory"
      I have the New India assurance policy for past 1 year. The customer support is good with New India assurance. I paid Rs,2200 to renew the policy last year. The customer support is good with New India assurance ,i never has any claim experience with the policy.
      Was this review helpful? 0
      , tilda
      Reviewed on Oct 29, 2017
    • New India Two Wheeler Insurance
      "Average"
      0.5 2.5/5 "Just OK"
      I am having the two wheeler, which got insured with the New India Assurance company and the services are an average. I would like to say that the customer service is an average one for me with them and I have not claimed anything with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 29, 2017
    • New India Two Wheeler Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      I have New India Assurance two wheeler insurance policy for past 4 years. I paid Rs,1000 to renew the policy this year. The intimations are given on time by new India to renew the policy. The customer support is very good with new India assurance .
      Was this review helpful? 0
      , haldwani
      Reviewed on Oct 28, 2017
    • New India Two Wheeler Insurance
      "Average Policy to use"
      0.5 3.0/5 "Satisfactory"
      I got the new India assurance 2 wheeler insurance around 9months. The plan benefits and the coverage is good with this policy. This policy has the eligible for 1 year and I need to renew the policy after a year. The customer support is good with the new India assurance company.
      Was this review helpful? 0
      , nellore
      Reviewed on Oct 28, 2017
    • New India Two Wheeler Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      I have the Two wheeler insurance policy with NEW INDIA around for past 10years. The customer support is good with New India, because they used to give the reminders on time to renew the policy before the due date. The plan benefits and the coverage is good with this policy.
      Was this review helpful? 0
      , ramachandrapuram
      Reviewed on Oct 28, 2017
    • New India Two Wheeler Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I am having the New India assurance 2 wheeler insurance policy for past 2 years. The service is good with New India assurance. I paid around Rs,.4500 to renew the policy . The intimations are not given by new India assurance , they need to improve their service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 25, 2017
    • New India Two Wheeler Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I am renewing the 2 wheeler insurance policy with New India assurance for past 3years. I paid Rs,1150 to renew the policy on time . The customer support will give intimations to renew the policy on time and they sent their text messages as a reminder. The pl;an benefits and he coverage is good with this policy. I got the claim experience with this policy , they took around 75days to get the claim amount. They have given the claim amount up-to 100%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 23, 2017
    • New India Two Wheeler Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I am having the New India 2wheeeler insurance policy for past 10years. The service is good with New India assurance. I paid more than Rs,1000 to renew the policy last year. The customer support is good with New India assurance. They give intimations to renew the policy on time and I am satisfied with their service.
      Was this review helpful? 0
      , nasik
      Reviewed on Oct 23, 2017
    • New India Two Wheeler Insurance
      "Aveage policy to use"
      0.5 3.0/5 "Satisfactory"
      Having the New India Assurance 2 wheeler insurance policy for past 2 years. The policy coverage is good with this policy, but I never had any claim experience with this policy. I paid Rs,1900 to renew the policy last year. I would say it is an average policy to use.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
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