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Get The Best Car Insurance Plans Online in India

Your Policy Type

Policy Type :

  • Bajaj Allianz
  • Bharti AXA
  • Cholamandalam
  • Future Generali
  • HDFC Ergo
  • ICICI Lombard
  • IFFCO Tokio
  • Liberty Videocon
  • LT Insurance
  • Magma HDI
  • National Insurance
  • New India
  • Oriental Insurance
  • Reliance General
  • Royal Sundaram
  • SBI General Insurance
  • Shriram General Insurance
  • TATA-AIG
  • United India
  • Universal Sompo General

Most Popular Policies of New India Assurance

  • New India Assurance Senior Citizen Mediclaim Policy
    New India Assurance Senior Citizen Mediclaim Policy offers coverage to the insured against hospitalization expenses for treatment of injury and illness during policy period.
    Key features of New India Assurance Senior Citizen Mediclaim Policy
    • Maximum entry-age is 80
    • Maximum renewal age is 90 years
    • Organ donor transplant expenses are covered
    • Pre-existing hypertension, diabetes melitus are covered upon additional premium
    • Ayurvedic, homeopathic and Unani treatments are covered
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  • New India Family Floater Mediclaim Policy
    New India Assurance Family Floater Mediclaim Policy covers all family members with single sum insured. The coverage is provided for expenses for the treatment of any illness or injury.
    Key features of New India Family Floater Mediclaim Policy
    • The policy comes with lifetime renewal option
    • Good health and loyalty discount are available
    • Coverage available on complications due to pre-existing conditions
    • Organ donor hospitalization expenses are covered
    • Cataract surgery is covered up to certain limits
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  • New India Assurance Janata Mediclaim policy
    New India Assurance Janata Mediclaim policy covers cost of hospitalization (more than 24 hours) expenses and treatment expenses due to injury and illness or injury.
    Key features of New India Assurance Janata Mediclaim policy
    • Good health and loyalty discount are available
    • Ayurvedic, homeopathic and Unani treatments are covered
    • Cumulative Bonus is availble
    • Free health check-up is also available
    • Day care treatments are covered up to certain limits.
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  • New India Package Motor Policy
    New India Package Motor Policy offers coverage to expenses due to injury of owner and driver and loss or damage of the insured's vehicle. The policy also covers third party death and liability.
    Key features of New India Package Motor Policy
    • Coverage for personal accident is available
    • Coverage available for expenses to fix damaged accessories
    • Coverage for passengers in the car is available.
    • Coverage is available for employees and paid drivers
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New India Package Motor Policy

New India Motor policy is a comprehensive plan that covers each and every type of vehicle that runs on public roads. It includes vehicles like private cars, motor cycles, bikes, scooters, commercial vehicles, motor trade vehicles, and so on.

How the motor policy works?

Under this policy, all types of vehicles that are running on the public roads are covered. In India, it is mandatory for a vehicle owner to get his/her vehicle insured. This policy covers loss or damage of the vehicle due to perils or any kind of accidents. Additionally, this policy also covers the amount incurred for third party damage or loss of vehicle and the person. However, to avail for a reimbursement, one has to carry the insurance along with him/her all the time.

Benefits of Motor Policy-

According to the motor vehicles act of 1988, it is mandatory for each and every vehicle that runs on public roads to have motor insurance. There are two major coverage types available under motor policy. They are-

Liability only policy-

According to this coverage type, the insurer gets coverage for third party death or bodily injury liability. This coverage type also includes personal accidental coverage for the owner of the vehicle as for the driver. Here, the policy covers the legal responsibility to pay –

  • a compensation amount for third party property damages/losses
  • a compensation for third party bodily injury

Package policy-

In this type of policy, coverage is provided to the owner’s as well as driver’s injury. It also covers third party liability and death. Additionally, this policy covers damage or loss of the vehicle too. Under this policy type, compensation can be claimed for the loss/damage of vehicle and its parts due to-

  • Act of terrorism
  • Strike & Riot
  • Fire, self-ignition, explosion or lightning
  • Any kind of malicious act
  • Theft, burglary or house-breaking
  • Damage due to earthquake
  • Damage due to rockslide or rockslide
  • Damages caused by perils like typhoon, flood, inundation, hurricane, hailstorm, etc.
  • Accidental damage caused while on road, water ways, elevator, air ways and so on
  • Any other type of accident causing severe damage to the motor parts

Liability only policy

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Package policy-

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Prominent features of this policy-

  • This insurance is valid for all public and private transport vehicles that are running on public roads.
  • The proposer can opt for any of the two types of policies-liability coverage policy and package policy.
  • In liability coverage type, the owner of car can get a reimbursement for third party losses and damages of the vehicle, person and the accessories of the vehicle.
  • Package motor policy includes coverage for the motor, the owner and the driver due to perils and accidents. Added to that, third party liability coverage is also provided.
  • An unlimited amount of liability coverage is provided for third party commercial/private vehicle’s loss or damage if the lost/damaged property is worth or more 7.5 lakhs.
  • For two wheelers, the third party damage coverage is limited to one lakh.
  • Under the policy, the owner or the third party is liable to claim for a maximum of Rs. 300 for two wheelers’ towing expenses.
  • The owner of the vehicle or the injured third party can claim up to 1500 for towing expenses of commercial and private vehicles.
  • Liability only policy is a compulsory policy, but you can add various risk coverages to it as per your requirements.

Additional features of this policy-

  • The insurer can also avail motor policy for a restricted coverage for theft and fire.
  • The insurer can also increase the coverage for the damage or loss of accessories attached in the vehicle like air-conditioners, stereos, fans and so on.
  • The cover for personal accident coverage can be extended for the paid driver of the vehicle and rest of the passengers.
  • The insurer can also get an extended coverage benefit for employees’ liabilities.
  • Third party legal benefit can be extended and coverage provided for non-fare paying travelers in commercial vehicles.

Few things you must know about IDV-

  • For any commercial or private vehicle, the insured amount is known as Insured’s declared value or IDV.
  • DV or the sum assured for the vehicle is the maximum limit of amount that can be reimbursed. It your insured vehicle has been damaged and is not repairable, you can claim an amount deciding upon the maximum IDV.
  • The IDV or the sum assured for the vehicle depends on the selling price of the vehicle by the manufacturer. This selling price depends on the make year, brand and model of the vehicle.
  • Depending on the selling price, the amount of insurance is fixed for that particular brand and model of the car and can be adjusted accordingly when the rates get depreciated.
  • IDV or the sum assured on vehicles that are older than 5 years old or on non-existing models depends on the insurer’s repute as well as on insured’s relationship maintenance.

The important exclusions under the policies are:

  • Normal wear and tear
  • Sudden breakdowns
  • Loss when the driver or the owner was driving with an invalid license or without any
  • Loss during the time of invasion or war
  • Claims due to contractual liability
  • Use of the vehicle over and above ‘limitations of usage.

In case of accidental damage, liability claim or theft of the vehicle:

In the event of claim, you can follow some simple steps to get necessary reimbursements.

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Who is covered under this policy?

  • Self or the vehicle owner
  • Driver
  • Co-passengers

Other policies from new India Assurance:

  • New India Assurance Overseas Mediclaim Policy
  • New India Assurance Suhana Safar Policy
  • New India Baggage Insurance Policy
  • New India Two Wheeler Insurance
  • New India Assurance Senior Citizen Mediclaim Policy

Similar policies by other insurance providers:

  • Bajaj Allianz Car Insurance Policy
  • Bajaj Allianz Two Wheeler Insurance
  • Future Generali Private Car Insurance
  • Future Generali Two Wheeler Insurance
  • HDFC ERGO Private Car Insurance
  • HDFC ERGO Two Wheeler Insurance
  • HDFC ERGO Commercial Vehicles

Frequently Asked Questions:

Why would I opt for vehicle insurance?

According to the Indian motors act of 1988, it is mandatory to get an insurance done for your vehicle. Moreover, vehicle insurance protects you and your vehicle from any kind of damage. You can also consider availing third party liability coverage where the injured third party people and the vehicle get a reimbursement from your side if you or your driver is driving the vehicle and you (maybe both) are responsible for the accident.

Who can avail this policy?

Anyone who is an Indian citizen and has his vehicle registered under the regional transport authority of India can avail the benefits of this insurance.

Who are covered in this policy?

The vehicle owner along with the driver can be covered in the policy. In order to get extra cover for the co-passengers, one has to increase the sum assured amount.

Can I decide the sum assured on my own?

No, the sum assured can be decided by the insurance policy on the basis of the make year of the vehicle, its model and its brand. If the vehicle is more than 5 years and has been obsolete, the insurance amount depends on the insured company and the terms of the insurer with the company.