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New India Assurance Co. Ltd is a government-owned general insurance company operating in more than 20 countries. Signing a New India standalone car insurance agreement relieves you from the financial burden in case of damage caused to you or your vehicle due to an accident, man-made or natural disasters. The standalone car insurance policy of New India Assurance comes with several add-ons too by which you can extend your coverage. These add-ons can cover the immobilization of the car due to water ingress into its engine and other parts, the loss of the car key in an accident, and other uncertain events. So, the New India standalone car insurance policy is something to read about. Let’s begin reading it.
Also read - Buy New India Car Insurance Online
New India standalone car insurance policy, also known as own-damage insurance, takes care of own-damage expenses in case of an unfortunate incident involving an insured four-wheeler. This car insurance plan covers the policyholders against incidents such as death, bodily injury, car damage, etc, arising from an accident while riding your four-wheeler.
Besides standalone car insurance, New India Assurance offers third-party and comprehensive car insurance policies too. Comparing standalone insurance against the other two car insurance variants will give you a fair idea about all. Let’s begin comparing.
Basis | New India Third-party Car insurance | New India Standalone Car Insurance | New India Comprehensive Car insurance |
Coverage | Provides financial protection only against third-party liabilities. | Covers you against your injury, death or disability besides the damage to the car. | Protects against damage to the insured car along with third-party liabilities. |
Add-ons | No provision for adding add-on covers | A variety of add-ons are available | You can buy add-on covers to enhance your coverage. |
Cost | Comparatively less costly because of its limited coverage. | Costlier than a third-party plan as it offers wider coverage but is cheaper than comprehensive car insurance. | It is the costliest policy due to maximum coverage. |
Mandatory by Law | Yes, the Indian Government mandates vehicle owners to have third-party car insurance. | There is no compulsion to buy it. | No, a comprehensive insurance policy is not mandatory to buy. |
To purchase a New India standalone car insurance online, you must follow the steps below.
New India standalone car insurance policy covers the following risks:
New India standalone car insurance policy does not cover the following:
New India four-wheeler standalone car insurance policy provides several benefits to the policyholders, including
New India standalone car insurance comes with a wide range of benefits. The company offers cashless car insurance claim settlement at any of its network garages across India. With a variety of add-ons and flexible renewal options, you can consider buying the standalone car insurance cover of New India Assurance.
No, buying the New India standalone car insurance policy is not mandatory. However, as per the Indian traffic rule, every car owner must have at least third-party insurance.
The premiums of the New India standalone car insurance policy depend upon the following factors:
While filing your New India standalone car insurance claim, you must submit the following documents-
New India standalone car insurance policy covers towing charges up to 1500 INR from the place of accident to the garage.
You can do so either online or offline modes. You can visit the website of New India Assurance to pay the premium using any of the net banking/debit card/credit card/UPI. Those not comfortable paying the premium online can visit the branch of the insurer to do so. They can pay the premium in cash, cheque or demand draft.