New India Bike Insurance FAQs

Yes, New India Assurance has set up the following conditions for its customers:

• The two wheeler has to be RTO registered.
• The vehicle should not be older than 15 years.

A policyholder can get a handsome discount on OD premium through No claim bonus. In New India Assurance Company the policyholders can get a 20% discount on the premium for the first no claim year. Whereas, they can get a 50% discount of premium for a consecutive 5 claim-free years.

The scope of coverage varies as per the type of policy. A third party Insurance policy covers the policyholder against all the legal liabilities arising due to property damage, death or bodily injuries caused to a third party by the insured’s two wheeler. Whereas a comprehensive Insurance policy covers both own-damages incurred by the insured’s vehicle in addition to third party liabilities. A standalone own-damage policy provides coverage only for damages incurred by the insured’s two wheeler.

Yes there are several factors that affect the IDV, one of them is the geographical zone. It very much depends on where you live. Your premium amount will be more if you live in an area with dense traffic because the chances of an accident will be more. Therefore, if you are living in an urban area you should be ready to pay an extra premium in comparison to people living in rural areas.

One does not need to visit the branch every time you need to pay a premium. The premium can be paid online using your debit card, credit card or Net banking.

A third party bike insurance is needed for the following reasons:

• It is mandatory as per the Indian Motor Tariff act. One can get penalized for not having the policy.
• It provides financial support for third party liabilities in case of an accident.

You require the following documents for buying the New India Assurance third party bike insurance policy:

• Photo ID proof and address proof (Aadhar card, Voter Id, PAN Card or Passport)
• The Copy of the valid driving license
• The registration number of bike
• The RC certificate

The New India Assurance third party bike insurance can be purchased in the following ways:

• By visiting the nearest branch
• By visiting the official website of New India Assurance
• By dialling the helpline number 1800 209 1415

An F.I.R. has to be registered immediately after the New India Assurance third party bike insurance policy documents are lost. Then a written request along with the copy of the F.I.R.has to be submitted to the insurer. The insurer will provide a copy of the original documents after verifying the details.

The premium of the New India Assurance bike insurance policy can be made in the following two steps:

• By cash at the nearest branch.
• By debit card, credit card or net banking.

The factors affecting the premium amount of New India Assurance comprehensive bike insurance policy are as follows:

• Insured Declared Value
• Cubic capacity
• Geographical zone
• Age of the vehicle
• GVW of in case of commercial vehicles
• Add on Covers

The advantages of New India Assurance comprehensive bike insurance are as follows:

• Easy online purchase facility
• Swift Claim Settlement
• Hassle-free renewal process
• Dedicated roadside assistance team
• A wide network of cashless garages

Yes, New India Assurance comprehensive insurance policy pays for towing service from the place of accident to the workshop up to a maximum limit of Rs.300/-.

You can purchase New India Assurance comprehensive bike insurance policy online through its official website. You can download a copy of the policy documents after the payment is done.

You can purchase New India Assurance comprehensive bike insurance policy offline:

• By visiting the nearest branch
• By calling on its toll-free number 1800 209 1415.

The factors that decide the rate of increase in the premium amount for opting Zero Depreciation cover are as follows.

• Age of the vehicle
• Model or variant of the vehicle
• Area of residence

Yes, if you opt for the New India Assurance Zero Depreciation cover, then the insurance company provides free of cost repair of the depreciated bike parts up to 2 claims.

New India Assurance Zero Depreciation cover is available for new as well as old bikes. However, the age of the bike should not exceed 2 years.

New India Assurance Zero Depreciation cover provides coverage for the repair of the following bike parts:

• Rubber
• Nylon
• Plastic
• Fibreglass

You can get more information about New India Assurance Zero Depreciation cover

• through their official website
• By visiting the nearest branch
• By calling on its toll-free number 1800 209 1415

You can download the claim from the official website of New India Assurance General Insurance or opt to collect it from the claim assistant at the nearest office.

Yes, you need to make the expenses for the repair of the insured’s bike at the garage. A reimbursement claim is settled after the verification of original bills and receipts of the repair

The surveyor, appointed by the insurance company, submits his report about the extent of damage to the insured’s bike and the estimated cost of its repair. In case of major damage, a surveyor may visit the spot of the accident, as arranged by the company. A claim is settled only after the approval of the surveyor.

Yes, If you are looking for claim settlement due to the theft of the insured’s bike, you have to get the Registration Certificate transferred in the name of the company, hand over the keys of the vehicle, submit a letter of Subrogation and Indemnity on stamp paper duly notarized.

You can dial the toll-free number of New India Assurance General Insurance for roadside assistance in case of any emergency. Their toll-free number is 1800-209-1415.

Yes, you can avail a No Claim Bonus (NCB) discount of 20% to 50% on the own-damage premium amount of the renewed policy if you have not made any claim during the term of the previous policy.

You receive a soft copy of the renewed policy through e-mail after payment of the renewal fee.

The factors that determine the premium quote at the time of renewal are as follows:

• Age of the bike at the time of renewal
• Desired tenure of the renewed policy
• Inclusion of add-on covers.

It is recommended to renew the policy when the expiry date is nearing. However, you may renew it on or after the expiry date. However, the insurer conducts an inspection if the policy is renewed after 90 days from the lapse of the previous policy.

In case of any emergency, you can contact New India India Assurance General Insurance by making a call on its helpline number 1800 2091415.

There are various factors that can affect the amount of premium of a bike insurance policy such as Anti-theft Devices, Insured Declared Value (IDV), Year of Registration, No Claim Bonus (NCB), Number of Add-ons and so on.

The bike insurance premium calculator can assist you in getting the accurate premium amount for bike insurance plans and IDV of your bike which are offered by different insurers in the market. With this information, you can select an affordable plan and make prudent decisions in relation to bike insurance.

You need to enter details like make, model and variant of the bike, fuel type of the bike, RTO location of the bike, engine capacity of the bike, registration year of the bike, and so on, on the premium calculator to get the premium amounts offered by different insurance companies.

No, the premium calculator can be used for computing the amount of premium for new as well as old bikes.

You can get the best premium calculator to compute the premium and IDV for your plan at the official website of InsuranceDekho, i.e., www.insurancedekho.com.

The New India General Insurance provides different types of add-on covers to be included in two-wheeler insurance policies such as accessories cover, personal accident cover, and coverage for co-passengers.

No, the add-on covers provided by the New India insurance company can be included only with the standalone own-damage or comprehensive bike insurance policies. Hence, you cannot include this additional coverage in your third party two-wheeler insurance cover.

Yes, you will have to make the payment for every add-on cover that you want to include in your bike insurance policy in addition to your standard policy premium.

Yes, you are allowed to include as many add-on covers as you want in your bike insurance policy. However, it is recommended to choose add-ons that are actually required as it increases the premium amount of the policy as well.

The accessories add-on cover is recommended for people who have a new bike loaded with new accessories, owners who have installed the advanced accessories in their bikes and people who ride their bikes with accessories in an accident-prone area.