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About National Insurance
National Insurance Company Limited is renowned as India's oldest general insurance company. Among its versatile insurance options, it features three distinct types of car insurance: third-party, standalone own-damage, and comprehensive coverage. To know more about National Insurance car insurance renewal, scroll through the section below and learn more.
Things to Know About National Car Insurance
This table provides a concise overview of the key features and details of National Car Insurance:
Features | Coverage |
National Car Insurance Claim Settlement Ratio | 93% |
Number of Cashless Garages | 3,100 |
Founding Year | 1906 |
Add-on Covers | Yes, available |
Claim Assistance | 24*7 Claim Assistance Available |
Personal Accident Cover | Up to Rs. 15 lakhs |
Why Should You Buy Car Insurance with National Car Insurance?
With a number of car insurance companies now available, it often becomes challenging to pick the right insurer for your car. To help you out, we have listed down reasons why you should buy car insurance with National Car Insurance:
- National Car Insurance has tie-ups with over 3,100 cashless garages. With a wide number of cashless garages available, you can easily get your vehicle repaired at a nearby cashless garage without having to spend anything from your pocket.
- National Insurance has three different types of car insurance plans to offer. The three types of car insurance plan that you can buy with National Insurance are third-party car insurance, comprehensive car insurance, and standalone car insurance. So, depending on your requirements and affordability, you can buy a desired type of car insurance plan with National Insurance.
- With a claim settlement ratio of 93%, you can easily get your car insurance claims settled with National Insurance. The higher the claim settlement ratio, the easier it is for you in getting the car insurance claim settled.
- There are a number of add-ons that you can include in your National car insurance plan. With these add-ons, you will be able to ensure greater protection for your car.
- National Insurance also offers 24*7 customer support. With dedicated support from the customer team, you can easily reach out to their team for any queries or assistance.
- During renewals, policyholders can also enjoy discounts on renewing their car insurance policy. A No Claim Bonus benefit is also given if the policyholder raises no claim in a given year. Moreover, there is a Personal Accident Cover of up to Rs. 15 lakhs offered with National car insurance plans.
What does Car Insurance from National Insurance cover?
- Liability-Only Policies:
The liability-only policy from National Insurance provides coverage for the vehicle owner's legal liability to compensate for:
- Death or bodily injury to a third party person.
- Damage to third-party property.
The coverage includes unlimited liability for death or injury and covers up to Rs. 7.5 lakhs for damage to third-party property under private cars.
2. Package Policy:
In addition to the coverage provided by liability-only policies, the package policy from National Insurance covers loss or damage to the insured vehicle and its accessories due to various events, including:
- Fire, explosion, self-ignition, or lightning.
- Burglary, housebreaking, or theft.
- Riot and Strike.
- Malicious Act.
- Terrorist Act.
- Earthquake (Fire and Shock) Damage.
- Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone, and Hailstorm.
- Accidental external means.
- Transit by road, inland waterway, lift, elevator, or air.
- Landslide/Rockslide.
Additionally, National Insurance offers a No-Claim Bonus (NCB) that provides discounts on your own damage premium when renewing the package policy. The discounts range from 20% to 50%, depending on the consecutive claim-free years.
Compulsory Deductibles
The insured is responsible for paying a compulsory deductible amount for each claim, as follows:
- Rs 1000/- for Private cars up to 1500 cc
- Rs 2000/- for Private cars with more than 1500 cc
Depreciation on Parts for Partial Loss Claims
For partial loss claims, the rate of depreciation varies for different vehicle components, as follows:
- Rubber nylon/plastic parts, tyres and tubes, batteries, and airbags: 50%
- Fibreglass components: 30%
- Parts made of glass: Nil
- Paint material: 50%
Other parts, including wooden parts, have a depreciation rate based on the age of the vehicle.
What Are The Exclusions For Car Insurance From National Insurance?
The National Insurance car insurance policies have certain exclusions, which means that the coverage does not apply to the following situations:
- Wear and Tear, Breakdowns: The policy does not cover expenses related to general wear and tear of the vehicle or mechanical breakdowns.
- Consequential Loss: Any loss or damage resulting from the initial event, such as subsequent damage following an accident, may not be covered.
- Loss when Driving with an Invalid License or Under the Influence of Alcohol: Losses incurred while driving without a valid driving license or while under the influence of alcohol or drugs are excluded from coverage.
- Loss Due to War, Civil War, etc.: Damage or loss resulting from war, civil war, rebellion, revolution, or any related events are not covered.
- Claims Arising Out of Contractual Liability: Any claims that arise due to a contractual obligation or liability are typically excluded from coverage.
Use of Vehicle Otherwise Than by Limitations as to Use: If the vehicle is used in a manner that goes against the specified limitations (e.g., using a private car as a taxi), any resulting claims may not be covered.
Types of Car Insurance Plans You Can Buy With National Car Insurance
Listed below are the three different types of car insurance plans you can buy with National Insurance:
- Third-party Car Insurance: According to the Motor Vehicles Act of 1988, third-party car insurance is mandatory in India. Third-party car insurance provides necessary coverage if the insured vehicle causes any damage to a third party.
- Standalone Own Damage Car Insurance: A Standalone Own Damage car insurance plan provides coverage if there is any damage to the insured vehicle or if it is lost or stolen.
- Comprehensive Car Insurance: Comprehensive car insurance provides coverage for both third-party and standalone own damage. Providing complete protection for your car, the premium of a comprehensive car insurance plan is higher than the other two types.
How to Buy or Renew National Insurance Car Insurance with InsuranceDekho?
National insurance car insurance renewal or purchasing procedure through InsuranceDekho is simple and convenient.
Follow the steps outlined below to acquire your National Insurance car insurance policy via InsuranceDekho:
- Visit the Official Website: Access the official website of InsuranceDekho using a web browser on your computer or mobile device.
- Navigate to Car Insurance Section: Once on the InsuranceDekho website, locate and click on the "Car Insurance" tab or section. This will direct you to car insurance-related services.
- Enter Vehicle Details: Provide the necessary information about your vehicle, including its registration number, make, model, fuel type, and other relevant details. This data helps generate accurate quotes tailored to your vehicle.
- Receive Quotes: After entering your vehicle details, you will be presented with a list of insurance quotes from various providers, including National Insurance. These quotes will display the coverage options and corresponding premium amounts.
- Choose National Insurance: Review the quotes and coverage options available from National Insurance. Select the National Car Insurance plan that best suits your preferences and requirements.
- Proceed with Payment: Proceed to the payment section once you've chosen a National Insurance policy. Follow the instructions to make the premium payment securely through the InsuranceDekho platform.
- Receive Policy Details: After the payment is successfully processed, you will receive a confirmation of your purchase. The policy details, including your policy number and coverage information, will be sent to your registered email address.
Add-ons Available with National Car Insurance
National Car Insurance offers a range of valuable add-on covers that can be tailored to enhance your policy coverage and provide additional protection. Here is a list of the add-ons available:
- Zero Depreciation Cover: This add-on ensures that in the event of a claim, the depreciation on the value of replaced parts is not considered, allowing you to receive a higher claim amount.
- NCB Protect Cover: With this add-on, you can safeguard your No-Claim Bonus (NCB) even if you make a claim, ensuring that your NCB remains intact and you continue to enjoy premium discounts during policy renewals.
- Engine Protect Cover: This cover provides financial protection in case of engine damage due to events like waterlogging or oil leakage, which may not be covered under the standard policy.
- Invoice Protect Cover: In case of a total loss or theft of your vehicle, this add-on ensures that you receive your car's invoice or purchase price, helping you recover the original value instead of the depreciated value.
Key Protect Cover: This cover offers protection for the cost of replacing your car keys, which can be a significant expense. It typically includes the replacement cost of keys, lockout assistance, and related services.
National Car Insurance Premium Calculator
To calculate the car insurance premium, you can use the premium calculator available on the National Insurance website. You just need to enter a few details such as vehicle registration number, model, fuel type, and other details. On entering these details, you will be able to view the premium of the car insurance plan you are planning to buy. Knowing the car insurance premium will make it easier for you to check whether the car insurance plan fits your budget or not.
How to Buy National Car Insurance with InsuranceDekho?
Listed below are the steps you need to follow to buy National Car Insurance with InsuranceDekho:
- Click on the official website of InsuranceDekho and go to the car insurance tab
- Enter details such as vehicle registration number, model, fuel type, and others. Based on the information entered, you will be redirected to the quotes page.
- Select a desired plan of National Insurance from the quotes available.
- Proceed with the premium payment. Once your payment is approved, you will receive the policy details on your registered email id.
Inclusions in National Car Insurance
Some of the inclusions of National Car insurance are as follows:
- Any damage due to fire or explosions
- If your insured vehicle is lost or stolen
- If there is any damage due to natural disasters
- Any damage to a third-party
Exclusions in National Car Insurance
Here are some of the exclusions of National car insurance that you should know about:
- Normal wear and tear
- Any kind of mechanical or electrical breakdown
- If there is any damage and the driver is found driving without a valid driving license and car insurance papers
- If there is any damage and the driver is found driving under the influence of alcohol or drugs
List of Add-ons Available with National Car Insurance
Listed below are the add-ons available with National Car Insurance:
- Zero depreciation cover
- NCB protect cover
- Engine protect cover
- Invoice protect cover
- Key protect car
Tips to Buy the Best Car Insurance Plan
There are a number of ways in which you choose the best car insurance plan such as those listed below:
- Compare Different Car Insurance Plan: While buying car insurance, you must always compare the coverage offered by different insurers. This will help you in selecting the best car insurance plan with adequate coverage. By entering a few details, you can easily compare the different car insurance plans online.
- Add-on: There are a number of add-ons available with car insurance plans, so while buying car insurance, you should also check the available add-ons. You must however carefully understand each add-on, and only then include them in your car insurance. Also, remember that by including the add-on, the car insurance premium will increase.
- Customer Support: It is very important that you get dedicated customer support from your car insurance company. So, when buying a car insurance plan, you must check whether the insurer is offering 24*7 customer support or not.
- Cashless Garages: The more the number of cashless garages, the easier it is for policyholders to get their insured car repaired in a cashless manner. So, when you buy a car insurance plan, always go for a company that has tie-ups with more cashless garages.
- Car Insurance Premium: You should also check the car insurance premium before buying any car insurance plan. Doing so will help you in buying a car insurance plan that fits your budget in the best way possible.
- Claim Settlement Ratio: Another thing that you must check while buying a car insurance plan is the claim settlement ratio. The higher the claim settlement ratio, the more beneficial it is for the policyholder. So, always choose a company that has a higher claim settlement ratio.
Claim Process of National Car Insurance
Here are the steps you need to follow to raise National car insurance claims:
- Claim Intimation: First and foremost, inform the car insurance company about the incident.
- Fill Out the Proposal Form: Next, fill out the proposal form and submit the relevant documents to your insurer.
- Inspection: Once you have submitted all the required documents, a surveyor will be assigned to assess the total damage. The surveyor will also send this report to the insurance company.
- Claim Settlement: In case of cashless claims, your bills will be directly settled at a cashless garage. On the other hand, for reimbursement claims, the total expenses will be later reimbursed by the company.
Documents Required to Raise National Car Insurance Claim
Listed below are the documents required to raise a National Car Insurance claim:
- Vehicle registration copy
- Driving license copy
- Total expenses copy
- Car insurance paper
- FIR copy
- A duly-filled claim form
Conclusion
Car Insurance from National Insurance Company Limited offers a range of customisable coverage options to protect your vehicle and provide financial security in case of accidents, damage, or theft. With a long-standing presence in the insurance industry and a wide network of cashless garages, National Insurance aims to provide reliable support and assistance to policyholders. Additionally, with InsuranceDekho, you can make National Insurance car insurance renewal or buying for the very first time a smooth and hassle-free process.
National Car Insurance Add-Ons
Zero Depreciation Cover
Car is a depreciating asset and so are the parts of a vehicle. Choosing a zero-depreciation cover ensure that an amount deducted due to depreciation of parts like rubber, metal, plastic, nylon and others are payable by the insurance company. The above-mentioned parts must be repaired or replaced at an authorized garage
No Claim Bonus Protection Cover
For every claim-free year, you are rewarded with a No Claim Bonus. You can earn as much as 50% of No Claim Bonus. However, once you have requested for a claim, the bonus becomes nil. Buying an NCB protection cover helps you in retaining your bonus after you have settled a claim
Return to Invoice Cover
In unfortunate circumstances of theft or robbery, loss incurred by a car owner is severe. If the vehicle is not traced, it is soon declared as total loss. This is when having a return to invoice cover comes handy. The add-on benefits one by reimbursing the insured car’s invoice price. The price includes both road tax and registration charges
Please Note: A ‘No Trace Report’ must be provided by the Police confirming that the insured car has been stolen and is nowhere to be found
Roadside Assistance Cover
Roadside assistance is a much-needed cover. If your car bumps into another vehicle, leading to a severe collision or if your car encounters a sudden breakdown, add-ons like roadside assistance comes of great use. Services like towing, retrieval of keys, replacement of flat tyres, refuelling, flat battery jump start, transport facilities and other services are provided without any delay
Please Note: If a vehicle has been used for the purpose of motor sports, rallying or any other forms of racing, benefits of this cover will not be applicable
**Conditions are subjected to change depending upon the insurance company. **
Key Protect Cover
Keys can be lost or damaged in a collision. Changing the lockset or replacing your car keys is expensive. With this add-on in hand, all your expenses are covered. Please Note:
- There should not be more than 2 claims in a policy period
- Claims due to theft and robbery of a car must be reported to the Police. A FIR copy must be furnished
- Loss or damage of the keys must be informed within 7 days
- Keys will be replaced only when damaged or broken. In case of theft, one must hand out the other pair of car keys to the insurer
**Conditions are subjected to change depending upon the insurance company.**
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National Car Insurance FAQs
Why should I switch my car insurance policy to NIC?
National Insurance is a top brand to begin with. You can avail several benefits when you have opted for NIC as your preferred motor insurance partner. Here’s a few:
- Buying or renewing policy online is a quick and seamless experience
- Settling claims is easier done than thought. It’s quick and hassle-free
- Avail 24*7 assistance
- Diverse list of add-ons to choose from
- National Insurance offer discounts other than zero depreciation
How do I purchase a NIC car insurance policy?
Gone are the days when you had to drop by a branch and make payments for your insurance premium. Give us a call on 7551196989. You can compare from multiple options and make payment online via credit card, debit card or net banking
Settling claims with National Insurance – Is it easy?
Yes, it is! To request for a claim, you must begin by informing the insurance company. A surveyor is appointed, followed by a thorough survey of the insured vehicle. Repairs and replacements are done, and your claim is settled. In case of non-cashless, the agreed claim amount is reimbursed soon after the repairs are completed
Do I need to have a motor insurance policy from National Insurance?
It is mandatory to insure your vehicle with a liability only policy at-least. Buying motor insurance from NIC benefits you in n number of ways. You can avail the advantage of 24*7 assistance, hassle-free claim settlement, convenient and seamless shopping experience and others
How to make changes to an existing car insurance policy from National Insurance?
Making changes to an existing policy is not as hard as it sounds. It is important to maintain communication with the insurance company. Alteration of a name, modifications in a car, change of communication address, phone number and so on so forth is done by the insurer. The process is known as endorsement
Why to buy from InsuranceDekho?
- Instant policy # within 5 mins
- More than 45 Lac happy customers
- Claim Support available all 7 days of the week
National Car Insurance Contact Details
- 1800 345 0330
- 1800 123 230230