New India Add-On Covers

New India Assurance helps you extend the coverage of your standard car insurance policy with its add-on covers. Add-ons are extra coverages which enhance the basic coverage of your plan in return of an additional premium.

These car insurance add-ons can be availed with New India Assurance comprehensive and standalone car insurance plans:

1. Enhancement Cover/Zero Depreciation Cover

This cover insures you against the depreciation applicable on your car and its plastic and metal parts at 100% except tyres, tubes and batteries which are covered at 50%. This cover helps you receive a higher claim amount by freeing you from the liability of bearing depreciation expense.

2. Engine Protection Cover

The engine and gearbox of your car is not insured by default under a standard car insurance plan. Thus, this add-on helps you get the engine and its parts along with the gearbox insured against damages caused by oil leakages and ingress of water. This add-on is available for cars not more than 5 years of age.

3. No Claim Bonus Protection Cover

No Claim Bonus refers to the reward which you get for not making even a single claim during the entire period of your car insurance plan. This reward ranges from 20% to 50% of your own-damage premium and is available to you at the time of renewal. However, if you make even a single claim, this reward is lost. This is where the No Claim Bonus Protection Cover comes useful. It helps you protect your NCB reward even after you make up to claim during the policy period. This add-on is available for cars aged up to 7 years.

4. Road Tax Cover

In cases of theft of your car as well as constructive total loss (when the damage is more than 70%) this add-on helps you get the Road Tax charges on the replacement of your car. The cover is for cars aged up to 5 years.

5. Return to Invoice Cover

This cover helps you get the Invoice Price of your car as compensation instead of the Insured Declared Value (IDV) in case of the total loss and theft of your car. The invoice price refers to the amount which you paid at the time of purchasing your car. It includes the ex-showroom price of your car, road-tax and the registration charges of your car. This add-on cover is available for cars with invoice price not exceeding Rs. 20 lakh and cars which are not more than 3 years of age.

6. Personal Belongings Cover

This add-on insures you against the loss or damage incurred to the personal belongings kept in the car at the time of theft or any mishap of the car. The coverage under this add-on is limited to Rs. 20,000 with an additional 20% of the sum insured i.e. Rs. 4,000 for each item or the actual price, whichever is lesser. This add-on is available for cars aged up to 7 years.