Ensuring the safety of yourself, your vehicle, and others on the road is paramount. Accidents are common in rural and urban areas, so having proper car insurance coverage is essential. The New India Car Insurance Policy is a comprehensive solution designed exclusively for vehicle owners like you.
This policy safeguards your car from damage and protects third-party vehicles. It also offers a range of choices, including mandatory third-party coverage, customizable options, and add-ons to suit your needs. Understanding and obtaining this policy help you gain peace of mind, financial security, and compliance with legal requirements.
In this blog, we will explore everything you need to know about this New India Car Insurance policy so that you can make informed decisions and protect your valuable vehicle.
New India Car Insurance Policy- Types
New India Car Insurance Policies are of three types. Each policy is designed to meet specific coverage requirements. With a vast customer base, the company caters to the diverse needs of policyholders effectively.
1. Third-Party Car Insurance Policy
Mandatory as per the Motor Vehicles Act, this policy safeguards third parties involved in accidents. It covers their expenses but not the policyholder's costs. New India's third-party car insurance policy also provides legal coverage for the policyholder.
2. Standalone Car Insurance Policy
This policy covers only the policyholder's own damages, not third-party liabilities. It complements compulsory third-party coverage and allows for additional add-ons.
3. Comprehensive Car Insurance Policy
This comprehensive policy offers extensive coverage, including own damages and third-party damages. Recommended over third-party insurance, it provides financial and legal protection. Add-ons can enhance coverage beyond the base policy.
Benefits of New India Car Insurance Policy
A New India Car Insurance Policy provides several benefits to policyholders:
Hassle-Free Claims: It ensures a seamless claim process, assisting customers in raising claims without unnecessary hassle. Complaints are addressed promptly, and claim settlements are completed digitally, minimizing delays and formalities.
Extensive Repair Network: You get the benefit from the company's vast network of repair garages across the country. It provides convenient service to policyholders.
Enhanced Coverage: It enables you to customize your policy with add-ons to enhance overall coverage. You can acquire over ten add-on covers according to your specific requirements.
Convenience: You can purchase the policy either online or offline, according to your preference. You can even make renewals online with minimal documentation.
Speedy Reimbursement: Liabilities, whether third-party or own damage, are reimbursed swiftly, ensuring policyholders receive their rightful compensation within days.
24/7 Customer Support: You can enjoy round-the-clock customer service through the company's online portal and toll-free number. You can get assistance whenever you need it.
Property Damage Coverage: In case of third-party property damage, New India Car Insurance provides coverage of up to INR 7.5 lakh, providing financial protection.
New India Car Insurance Policy Coverage
A New India Car Insurance policy provides coverage for the following damages:
Theft, burglary, or housebreaking-related damages.
Damages from man-made disasters such as explosions, terrorist activities, etc.
Accidental damages to the insured vehicle.
Comprehensive or standalone policies also cover the policyholder's own financial and legal damages.
Damages occurring during transit.
Damages from natural calamities like earthquakes, tsunamis, floods, etc.
Damages caused by fire or explosion.
Third-party damages under the compulsory third-party car insurance policy.
Damages are caused by malicious acts targeting the vehicle.
Steps to Apply for New India Car Insurance Policy
You can apply for a New Car Insurance Policy online and offline based on your preferences. Here's how you can apply:
Visit the official website of New India Assurance for motor insurance.
Select "car insurance" and click on the "Buy Online" tab.
Proceed by selecting the type of car (private or commercial) and choose "Buy Insurance for a New Vehicle."
Fill in the accurate car and personal details, and select from the provided quotes.
Make online payments using credit/debit cards, net banking, etc.
Receive policy details on your registered email ID.
Visit the nearest branch office of New India Assurance.
Inquire about motor insurance and collect the application form.
Fill in the required details accurately and submit the form.
Submit the necessary documents as advised by the customer representative.
Choose the policy type and quote offered.
Make the payment in cash, cheque, or DD.
Collect the policy documents in hard copy either in person or via registered postal delivery.
With New India Car Insurance's comprehensive coverage, flexible opinions, and various benefits, you can offer the necessary protection and peace of mind.
At Park+, you can have the right coverage for your car and explore more about car insurance and discover additional services tailored to your needs. You can also download the Park+ app to avail yourself of all their car-related service offerings.