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The New India Assurance Two Wheeler Insurance

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%
Inclusions
  • 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
Exclusions
  • 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 kaverimotorsbullet@yahoo.co.in Royal Enfield
2 Amritsar M/S Prabhat Motors G.T.Road, Putlighar, Amritsar-143001 0183-2228124 prabhat.asr@gmail.com Tw-All Brands
3 Anand Raj Motors Nr. Shivam Party Plot, Anand Chikhodra Road, Anand-388320 NA rajmotorsvvn@gmail.com Honda
4 Anand Amar Wings V.V.Nagar Road, Opp. Hp Petrol Pump, Anand-388001 NA wm.anandhonda@gmail.com Honda
5 Anand Shreeji Motors Nisaraya Crossing, Borsad-Bhadran Road, AT&T, Borsad-388540 02692-237715/231241 shreejipetlad@gmail.com Honda
6 Attingal Excel Motors Kallambalam, Attingal 9895603525 Multi-Brand
7 Bangalore Fast Bykes No.440/23, Poornima Kalamandira, Mathikere Main Road 65328353 fastbykes@gmail.com 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 siliconhonda@gmail.com Honda Scooters Make
11 Bangalore Popular Motor Corporation Banashankari,-560085, Bangalore bglsr4@popularmc.com Bajaj M/Cycles
12 Bangalore Electronic City Motors & Koramangala Motors Electronic City, Bangalore ecityenfieldservice@gmail.com Royal Enfield
13 Bangalore Triton TVS 2, Ganganagar North, Opp. Govt. Hebbal Veterinary College, Bangalore-5600024 23537844/23537989 tritonTVS@yahoo.co.in 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 bodyshopthane@modihyundai.com 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 bodyshopthane@modihyundai.com 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 abrmotorworkshop1999@gmail.com 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 servicemanager@hoysalahonda.com 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 riddhisiddhiap@gmail.com Multi Brand
26 Kankavli Sapale Auto Services 156, Nh-66 Mumbai-Goa Road Kankavli 02367-230834 saspl9999@yahoo.co.in Yamaha Authorised Dealer
27 Kgf Saravana TVS Station Road, Kgf-563122 08153-260707 266600-266197 sarTVS@TVS_kgf@yahoo.co.in Single Brand – Bajaj
28 Kgf Sri Bhavani Motors Pritchard Road, Robertsonpet, Kgf 563122 08153-261834 9036906679 sribhavanimotors66@gmail.com 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 johnvergese304@gmail.com Multi-Brand(All Tw)
30 Kolar Saravana TVS Hanume Gowda Complex, M B Road, Kolar – 563101 08152-223413 sarTVS@TVSmdealers.co.in sarTVS@yahoo.co.in Single Brand – Bajaj
31 Kolar Sri Kausthub Honda No:2130, Mb Road, Beside Shanthamma Rame Gowda Choultry, Kolar-563101 08152-221414 9989398936 balaji@skhond.com Single Brand – Honda
32 Kottayam Amala Yamaha Nss Junction, Karukachal 0481-248711 amalayamaha@gmail.com 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 shukla.nishant1@gmail.com Multi-Brand
37 Madikeri M/S Ranganatha Swamy Motors Near Appachu Rice Mill, Madikeri, Karnataka -571201 08272 221555 rsmotorsyamaha@gmail.com Single Brand
38 Madikeri Kodagu Motors Ranipet Road, Madikeri, Karnataka -571201 Na coorgbajajmadikeri@gmail.com Single Brand
39 Madikeri Zeal Suzuki Near Cauvery Hall, Madikeri, Karnataka -571201 Na zealsuzuki.coorg@gmail.com Single Brand
40 Madikeri Cauvery Honda Hill Road, Madikeri, Karnataka -571201 Na coorghonda@gmail.com Single Brand
41 Mandya Kpr Motors Pvt Ltd M C Road Mandya-571401 mysoresuzuki@gmail.com Suzuki Two Wheeler
42 Mandya Popular Motor Corporation M C Road Mandya-571401 myssc1@popularmc.com Bajaj M/Cycles
43 Mandya Rubymaratt Motorcycle M C Road Mandya-571401 rubymaratt@gmail.com Royal Enfield
44 Mangalore Honda Matrix Kodialbail, Mangalore 9845687066 sanjayarao1955@gmail.com Hmsi
45 Mangalore Pai Sales Mangalore 9845081446 paisales@gmial.com Suzuki Two Wheeler
46 Mumbai Sah & Sanghi Auto Agencies Pvt. Ltd. Prakash Mills Compound, Off. Globe Mills Passage, Worli, Mumbai-400013 022-24925452 workshop@sahandsanghi.com Multi-Brand
47 Mumbai Modi Motors Agencies Pvt. Ltd. (Goregaon West) Autoland, Excel Estate, S. V. Road, Goregaon (West), Mumbai-400062 bodyshopthane@modihyundai.com Multi-Brand
48 Mumbai Modi Motors Agencies Pvt. Ltd. (Chunabhatti) Shed No.3, V. T. Patil Marg, Off V. N. Road, Chunabhatti, Mumbai-400022 bodyshopthane@modihyundai.com Multi-Brand
49 Mumbai Modi Motors Agencies Pvt. Ltd. (Santacruz West) B0020 Vikas Centre, S. V. Road, Near Milan Subway, Santacruz (West), Mumbai-400054 bodyshopthane@modihyundai.com 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 bodyshopthane@modihyundai.com 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 bodyshopthane@modihyundai.com 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 bodyshopthane@modihyundai.com 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 bodyshopthane@modihyundai.com Multi-Brand
54 Mumbai Excel Service Station (Vile Parle West) V. M. Road, Juhu Vile Parle Scheme, Vile Parle West, Mumbai-400056 excelservicestation@yahoo.com 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 excelservicestation@yahoo.com Multi-Brand
56 Mysore Kpr Motors Pvt Ltd New Kantharaj Urs Road, Near Akshaya Bhandar 570023 4000009 mysoresuzuki@gmail.com Suzuki Two Wheeler
57 Mysore Kpr Motors Pvt Ltd Pilot Circle, Near Bus Stand Mysore-570001 2446677 mysoresuzuki@gmail.com Suzuki Two Wheeler
58 Mysore Popular Motor Corporation Saraswathipuram Mysore 570009 2408890 suresh@popularmc.com Bajaj M/Cycles
59 Mysore Popular Motor Corporation Chamarajapuram Mysore 57 mysaccts2@popularmc.com Bajaj M/Cycles
60 Mysore Honda Point 29/1, 9 Main Road, Iii Cross, Saraswathipuram, Next To Sbi Bank, Mysore 0821 2540745 hondapointmysore@gmail.com Hmsi
61 Mysore Cool Cars 3095, Hunsur Main Road, Hinkal, Mysore-570017 0821 4192000 raghunathprasad5@gmail.com Multi Brand
62 Nanjangud Sri Lakshmi Venkateshwara Motors Rp Road, Nanjangud -571301 shrilakshmivenkateshwaramotors@gmail.com Yamaha Two Wheeler
63 Nanjangud Mahaveer Motors Ooty -Mysore Road, Nanjangud-571301 mahaveermotorsnanjangud@gmail.com Hero Motors
64 Nanjangud Mks Honda Ooty -Mysore Road, Nanjangud-571301 22558 mkshonda.nanjanjgud@gmail.com 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 gtm_bapw@yahoo.com 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 mdsaudalam001@gmail.com 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 bodyshopthane@modihyundai.com Multi-Brand
73 Thane Modi Motors Agencies Pvt. Ltd. (Naupada-Thane) Modi House, Opp. Lic Tower, Naupada Thane, Eastern Express Highway, Thane-400602 bodyshopthane@modihyundai.com 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 bodyshopthane@modihyundai.com Multi-Brand
75 Thane Sns Motors Gala No. C/3,. Bharat Compound, Opp. Dodhia Petrol Pump, Kashi Village, Mira Road, Thane-401104 sanjay.sawant@carnation.co.in Multi-Brand
76 Thottada Susheela Auto Garage Esi Road, Thottada Po, Kannur-7, 670007 0497-2835009 sagkannur@gmail.com 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 bodyshopthane@modihyundai.com 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 bodyshopthane@modihyundai.com Multi-Brand

New India Assurance Contact Information

Address of the Head Office

New India Assurance Building,

87, M G Road, Fort, Mumbai

Mumbai,

Maharashtra-400001

New India Assurance Email Address

If you have any queries or concerns that you need assistance with, you may write an email to tech.support@newindia.co.in.

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.

Disclaimer

This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

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Plan Benefits

Policy Coverage

Customer Service

Claim Experience

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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New India Assurance Two Wheeler Insurance Reviews

Page 1 of 15 1 2 3 4 5
  • New India Two Wheeler Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have used the two wheeler insurance policy with NEW INDIA ASSURANCE where i have used for 3 years. The premium paying was higher than others, the IDV value is good with the policy. The coverage is for full with the insurance insurance policy.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jul 20, 2019
  • New India
    New India Two Wheeler Insurance
    "Good Service"
    0.5 3.0/5 "Satisfactory"
    When I purchased the bike they gave me New India assurance, I am continuing it there was no claim experience. The premium is little higher around Rs. 1300 per year its for third party insurance, I have Honda unicorn 2015 model. They gave me best idv value for it.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jul 11, 2019
  • New India Two Wheeler Insurance
    "Good Service provider"
    0.5 3.0/5 "Satisfactory"
    From the beginning I have been using New India assurance, the premium is okay for me. Last time I paid Rs. 2200 for comprehensive plan it also include the personal accidental cover. I am getting proper response from New India, the insured value is good fr seven years old bike.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 02, 2019
  • New India Two Wheeler Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have a two wheeler insurance with New India Assurance. Their branch is near by so opted for this insurance. The services are proper and the renewal process is simple. Its a whole cover comprehensive plan. The premium was around 1700 rupees for one year. I have received the insurance paper.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 01, 2019
  • New India Two Wheeler Insurance
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    I am completely satisfied with NEW INDIA ASSURANCE. They are providing full claim for every part. Since I got a lesser premium moved with other insurer. I have opted for First Party insurance. The claim process was good. The premium was around 2100 rupees per year.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jun 28, 2019
  • New India Two Wheeler Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have purchased 3 years policy with New India Assurance. The premium is very reasonable when compared to other private channel. The coverage is okay and took a First party insurance for my bike. I have no claim experience. The customer service is good.
    Was this review helpful? 0
    , visakhapatnam
    Reviewed on Jun 21, 2019
  • New India Two Wheeler Insurance
    "Easy through online"
    0.5 5.0/5 "Blown Away!"
    My two wheeler policy belongs to New India reason to chose this insurer because of the economical premium in the market, I paid Rs. 2000 per annum it covers for one year. My bike is seven years old, I took third party insurance it has good insured value.
    Was this review helpful? 1
    , chandigarh
    Reviewed on Jun 21, 2019
  • New India Two Wheeler Insurance
    "Trusted Insurance Company"
    0.5 3.0/5 "Satisfactory"
    My cousin working in New India Assurance hence I taken the two wheeler policy. I feel last two years the premium is higher side. I paid the premium around Rs. 1200 for one year, I took third party insurance for my activa bike. During renewal they send the paper on time.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 06, 2019
  • New India Two Wheeler Insurance
    "Good for bike protection"
    0.5 4.0/5 "Great!"
    My bike got insured with New India, I have been using their policy for last ten years, the renwal process is easy. Every time I am getting the policy copy on time but the response is getting delay they need improvement on it. I have 2015 hero honda bike it has third party insurance.
    Was this review helpful? 0
    , navi mumbai
    Reviewed on Jun 04, 2019
  • New India Two Wheeler Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have purchased the two wheeler insurance with the NEW INDIA ASSURANCE and using it since from last few years but i have not experienced with any claim with this policy. The premium and the IDV value is good with this policy. It has a basic coverage.
    Was this review helpful? 0
    , hyderabad
    Reviewed on May 14, 2019
  • New India Two Wheeler Insurance
    "Affordable policy"
    0.5 5.0/5 "Blown Away!"
    New India has reasonable price and they give nice insurance value for the bike when customer met with the accident. I took third party insurance for my Yahama FZ bike, earlier I paid around Rs. 960 for my two years bike. They do have no claim benefits.
    Was this review helpful? 0
    , chennai
    Reviewed on May 13, 2019
  • New India Two Wheeler Insurance
    "Benefits should be increased"
    0.5 4.0/5 "Great!"
    New India two wheeler policy came along with my Yahama fz 25 bike. The premium is reasonable for one year but they give only 60% of cover only for the accident but for the 100% of cover, they have much of procedure. Last time I paid the premium of Rs.3200 for one year.
    Was this review helpful? 1
    , chennai
    Reviewed on May 13, 2019
  • New India Two Wheeler Insurance
    "Below average"
    0.5 2.0/5 "Expected more"
    I bought a bike from Hero Honda and they have provided me a insurance from New India Assurance. They are calling me during the renewal and they are letting me about the offers. The premium is okay and they have sent me the insurance paper on time. I have taken a third party insurance.
    Was this review helpful? 0
    , thane
    Reviewed on May 10, 2019
  • New India Two Wheeler Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have taken a Two wheeler insurance policy in NEW INDIA ASSURANCE. While getting a policy my agent has given an information about the policy details. The policy is for 6 years. Now I am paying premium in the yearly package of Rs.1300. The good one is they will respond kindly. On time they have provided policy papers.
    Was this review helpful? 0
    , pune
    Reviewed on May 10, 2019
  • New India Two Wheeler Insurance
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    Last time I involved with New India Assurance for my bike policy. The premium was economical for one year, they gave me best insured value for my bike. I have Thunder bird it was covered with New India, only for the rto purpose I have availed it.
    Was this review helpful? 1
    , bangalore
    Reviewed on May 04, 2019
  • New India Two Wheeler Insurance
    "Good Insurer"
    0.5 3.5/5 "Pretty good"
    From the day one I have policy with New India, I have thunder bird royal enfield it around 10 years. But still I got good insured value from the company. They send the policy paper on time after the renewal. Its a third party insurance for my bike.
    Was this review helpful? 0
    , chandigarh
    Reviewed on May 02, 2019
  • New India Two Wheeler Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    I have been with New India around one year, My honda shine got insured with them. The insured value is also good and the premium was around Rs. 1500 for one year. I have taken third party insurance. I am not aware of their tie up but its good for bike plan.
    Was this review helpful? 0
    , pune
    Reviewed on May 02, 2019
  • New India Two Wheeler Insurance
    "Satisfactory"
    0.5 4.0/5 "Great!"
    I have five years old vespa bike it got insured with New India assurance there is no experience. I paid the premium of Rs. 1300 for one year, they gave me 25,000 as IDV value. I have taken it for third party cover, they got tie up with many service garages, they have 24 hours of service.
    Was this review helpful? 0
    , bangalore
    Reviewed on Apr 26, 2019
  • New India Two Wheeler Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am holding the two wheeler insurance policy with the NEW INDIA ASSURANCE and i had no claim experience also i am using it since from last 2-3 years. The premium i paid was nominal also the IDV value is satisfactory. The policy coverage is for full.
    Was this review helpful? 0
    , chennai
    Reviewed on Apr 22, 2019
  • New India Two Wheeler Insurance
    "Its Satisfactory"
    0.5 5.0/5 "Blown Away!"
    From the day one I am using New India Assurance, its been five years. Since there is no claim, I am not aware of other benefits, there is a insurance guy they take care of the renewal part. I paid the premium around Rs.1100 for one year. The insured value is good for the first party insurance.
    Was this review helpful? 0
    , pune
    Reviewed on Apr 08, 2019
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