New India Assurance Car Insurance Policy Renewal

New India Assurance Co. Ltd provides car insurance plans for private cars as well as commercial vehicles. The insurer provides two types of covers:

• Liability-only policy - This plan provides all sorts of car insurance coverage to the policyholder from the third-party legal liability including injuries/death and property damage to the personal accident cover for the owner-driver of the insured vehicle. However, it does not protects the insured car.
  This policy is cheaper than the comprehensive package policy of National India Assurance.
• Package policy -
  • It protects the policyholder from the loss or damage suffered by the vehicle covered under insurance.
  • The owner-driver of the car is also provided a personal accident cover.
  • Along with this, the policy also protects from the legal liability arising out of injuries/death or damage to the property of the third-party.
  • The package policy can be increased through the use of add-on covers that can be bought separately from the insurer.

Premium Calculator

• The website of New India Assurance provides the facility of calculating the premium for the car insurance, without any charges. For this, the customer will have to visit the company's website and click on the 'Motor Insurance' tab.
• To get the quote, you are required to mention the make and model of the car, the city of purchase or registration, date of purchase or registration, IDV of the car,  mobile number, and the email address.
• Once you are agreed to the terms and conditions, you will receive a quote on the car insurance. This quote will be sent to the given mobile number.
• In case if you have any queries regarding the tool,  either you can chat with a representative through the insurer's website or contact the New India Assurance customer support through their toll-free number.
   

Insurance Renewal Procedure

It is possible to renew the New India Assurance car insurance policy online. It can be availed at the insurance company’s website by entering the few required details.
New India Assurance provides two options to its policyholders to renew the existing policies:

• Visit the insurer’s website - Users can create an account on the company's site and log in to their account. Through their account, they can apply for car insurance renewal and update the required details. After the form submission, the car insurance policy will be renewed.
• Visit the ‘Quick Renewal’ option under ‘Quick Help’ tab- Another option available on the website is the ‘Quick Renewal’ method, where the customer needs to enter a few necessary details. It is a more convenient method of policy renewal as the customer is not required to sign up on the website and to complete other time-consuming steps.
  • To renew the motor insurance policy using the ‘Quick Renewal’ process, you will first have to get a quote for the car insurance online. You can use the excellent calculator tool available on the website of the insurer for the same.
  • The next step is to update the customer ID and the policy number or renewal quote number in an online form. Once it is done, then you will be able to check your details and save the quote to proceed with the renewal process. The customer ID is the one which is mentioned in the policy documentation. It is not the login ID, which is required to log on the website.
  • Payment can be made through different modes such as through credit card, debit card, or through net banking. When the payment is made, the process of policy renewal will be complete.
• In case you have any doubts regarding the renewal process, you can send an email to the New India Assurance customer support team for the clarifications. Note that the premium charged, will be inclusive of GST. In case you are eligible for the GST exemption, you can visit the nearest branch office of the insurer along with the relevant documents. In that case, proceed with the further process of car insurance renewal at the branch office.

FAQs

Q1. What kinds of discounts does a customer get when he renews the car insurance policy?
When the customer renews his New India Assurance car insurance policy, he can get premium discounts from 20% to 50%, based on the 'No Claim Bonus' amount accrued.

Q2. How is the IDV or Insured Declared Value is decided during the time of insurance renewal?
It is decided by selling price applied through the insured vehicle manufacturer.

Q3. What are the payout limits for a liability-only car insurance policy?
The liability-only policy provides unlimited coverage for the bodily injury or the death of the third party. For any damage to the third-party property, the insurance coverage limit is Rs.7.5 lakh.

Q4. If my car is damaged by accident, will I be reimbursed for the towing charges incurred while transferring the vehicle to a garage through the NIA policy?
Yes, the policy pays for towing the vehicle from the accident spot to the garage. The maximum limit is Rs.1,500. One can opt for higher towing charges by paying an extra premium.