National Car Insurance
Buy or Renew Car Insurance to Protect Against
Accidental damage costs
Vehicle theft
Traffic challan penalties
National Car Insurance Plans
National Insurance Company
Zero depreciation
Cashless garage
+3 more ADD ONS
₹3,416
Exclusive of GST
About National Car Insurance
Car insurance is a safety net that helps the insured (policyholder) cope with financial losses arising from vehicle damage. It prevents the insured from the monetary losses occurring out of accidents, theft, fire, or other possible risks to the vehicle and to themselves.
At its core, car insurance is a legal contract between the insured and the insurance company, where the insurer promises to cover financial damages as outlined in the policy. In return, the policyholder pays a fixed amount known as the ‘Premium’, at the agreed intervals. Car insurance is not only a safeguard for your own vehicle but also a legal obligation under IRDAI regulations, providing coverage for damages or injury caused by your vehicle to third-party property or individuals.
Depending on the type of insurance, the coverage and the premium vary. There are several types of insurance designed to meet the diverse expectations of vehicle owners and cover financial losses in the event of an accident or any other mishap covered under the selected car insurance policy.
National Insurance offers comprehensive protection for your vehicle, covering damages from accidents, theft, natural disasters, and fire. It also includes third-party liability coverage for injury, death, or property damage, along with personal accident benefits for the owner-driver. Designed for complete peace of mind, it ensures financial security and hassle-free driving.
Key features of National car insurance
Features | Coverage & Benefits |
|---|---|
Commencement of operations | 1906 |
Cashless Garages | Yes |
No Claim Bonus (NCB) | Yes, up to 50% |
24*7 Assistance | Yes |
Add-ons | Yes |
Third-party Coverage | Yes |
Own Damage Cover | Yes |
Types of NIC policy
NIC policy Third Party Car Insurance Policy
Mandatory by law. Covers damages or injuries caused to others, but not your own car
NIC policy Comprehensive Car Insurance Policy
Covers both your car and third-party damages. Protects against accidents, theft, fire, and natural disasters
NIC policy Own Damage Car Insurance Policy
Protects only your car from accidents, theft, or disasters. Doesn’t cover third-party liabilities
NIC policy Pay as you Drive Car Insurance Policy
Flexible plan where premium depends on how much you drive. Ideal for low-mileage users
Coverage under National car insurance
What is Covered in Policy
Third-party liabilities
Accidents
Theft
Man-made acts
Natural calamities
Fire
Animal attack
What is Not Covered in Policy
Depreciation
Invalid driving license
Drunk driving
Outside Geographical area
Mechanical failure
Illegal driving
Damage due to war
Why car insurance important in India ?
Mandatory by Law
Ensures you comply with Indian traffic rules and avoid fines or penalties
Physical damage to your car
Protects against costly repairs from accidents, fire, or theft
Liability towards third-party
Covers injury or death of others in an accident caused by your car
Personal accident cover
Ensures financial support for you or your family in case of injury or death
Protection against repair costs
From minor scratches to major accidents, your policy keeps repair costs in check.
Third-Party Injury Cover
TP cover handles third-party treatment expenses after an on-road mishap, protecting you from hefty medical bills.
Protection for Death/Disability
Accident caused by your car: compensation for third-party disability, and for death, support to their dependents.
Personal Accident Cover for the Driver
PA cover provides compensation to the owner/driver’s family in case of death, easing severe financial stress.
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How to buy the National car insurance policy?
Secure your vehicle by buying a car insurance policy from National Insurance from Park+ without any hassle.
Note: Choose a comprehensive policy to secure extensive coverage, and consider adding essential add-ons like Zero Depreciation and Engine Protection for enhanced protection.
How to renew a car insurance policy?
Kick out even the bare minimum possibility of the financial losses occurring out of car accidents or other adverse situations by renewing your car insurance policy with Park+ on time.
Note: Renew your car insurance on time to ensure that your No Claim Bonus (NCB) remains unaffected and continues to work in your favor.
How to claim a car insurance policy?
Encountered an accident/mishap? Worry not! Perform the below-enumerated actions to claim your monetary loss securely and quickly.
Note: Start the claims process immediately and adhere to your insurer's guidelines to prevent any unnecessary delays or claim rejections.
What are the documents required to buy car insurance policy ?
Here are the necessary documents one should have at the time of buying a car insurance policy and to get a claim.
Note: Keep all necessary documents ready for a smoother and faster claim experience, ensuring quick approvals and efficient processing.
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Calculate National Car Insurance Premium
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FAQs- National Car Insurance
National Insurance allows policyholders to opt and add additional protection covers at the time of policy purchase or renewal.
Yes. Policyholders who didn’t raise a car insurance claim are subject to get a NCB at the time of policy renewal.
The National Insurance car policy is valid for a year, after which it should be renewed by the policyholder.