Overview of New India Assurance Two Wheeler Insurance
Two wheeler insurance is a type of insurance policy that provides financial coverage against any physical damage and/or liabilities arising out of an accident involving the two-wheeler. New India Assurance Company Limited, a leading public sector general insurance company, offers two wheeler insurance policies to its customers. The company provides comprehensive and third-party liability insurance coverage to its policyholders with affordable premium rates. The policyholders can be assured of comprehensive coverage for their two wheelers as New India Assurance offers coverage for both third-party liabilities as well as own damage. The policyholders can also avail additional benefits such as roadside assistance, cashless claims, and personal accident cover.
Features of New India Assurance Two Wheeler Insurance
New India Assurance two wheeler insurance offers a host of features and benefits to its policyholders. Some of the key features of the policy are mentioned below:
- The policy offers comprehensive coverage against any physical damage to the two wheeler due to any accidental, natural or man-made calamity such as fire, explosion, self-ignition, lightning, burglary, theft, etc. It also provides coverage against any legal liabilities arising out of an accident involving the two wheeler.
- The policy provides coverage on an ‘Act Only’ basis. This means that it provides coverage only for the events that are mentioned in the policy document.
- The policy also provides coverage for personal accident cover for the owner-driver of the two wheeler. This means that in the event of any accidental death or permanent disability of the owner-driver, the policyholder can avail compensation from the insurance company.
- The policy also provides coverage for pillion riders in case of any accidental death or permanent disability arising out of an accident involving the two wheeler.
- The policyholders can also avail additional benefits such as roadside assistance, cashless claims, and personal accident cover.
- The policyholders are also eligible for discounts on the premium if they have a valid no-claim bonus certificate.
- The policyholders can also avail a discount on the premium if they install an anti-theft device in their two wheeler.
Types of New India Assurance Two Wheeler Insurance
New India Assurance two wheeler insurance offers two types of insurance policies – comprehensive and third-party liability. The comprehensive policy offers coverage for both third-party liabilities as well as own damage. Whereas, the third-party liability policy provides coverage only for the legal liabilities arising out of an accident involving the two wheeler. The policyholders can choose the type of policy as per their needs and budget.
Eligibility Criteria for New India Assurance Two Wheeler Insurance
The policyholders must meet certain eligibility criteria in order to avail New India Assurance two wheeler insurance. Some of the eligibility criteria are mentioned below:
- The policyholder must be a resident of India.
- The policyholder must be at least 18 years of age.
- The policyholder must have a valid driving license.
- The policyholder must have the vehicle registration number.
- The policyholder must have the vehicle model and manufacturing year.
- The policyholder must have the engine number and chassis number of the vehicle.
Premium Rates for New India Assurance Two Wheeler Insurance
The premium rates for New India Assurance two wheeler insurance depend on various factors such as the type of policy, the age of the vehicle, the cubic capacity of the engine, the geographical zone, and the type of coverage opted. The policyholders can avail discounts on the premium if they have a valid no-claim bonus certificate, install an anti-theft device in their two wheeler, or opt for a higher voluntary deductible.
Claim Process for New India Assurance Two Wheeler Insurance
The policyholders can avail cashless claims at any of the network garages of New India Assurance. They can also avail reimbursement claims from the insurance company if they have opted for the reimbursement policy. The policyholders must submit all the relevant documents such as the claim form, repair bills, and original invoices to the insurance company for processing the claims.
Conclusion
New India Assurance two wheeler insurance is a comprehensive policy that offers coverage for both third-party liabilities as well as own damage. The policyholders can avail additional benefits such as roadside assistance, cashless claims, and personal accident cover. The policyholders can avail discounts on the premium if they have a valid no-claim bonus certificate or install an anti-theft device in their two wheeler. The policyholders can avail cashless claims at any of the network garages of New India Assurance or avail reimbursement claims from the insurance company.