New India Bike Insurance Claim
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New India Bike Insurance Claim
New India Assurance General Insurance has gained popularity for its seamless claim settlement ratio of 89.60% in the financial year 2019-2020. It has successfully developed a hassle-free claim settlement procedure through digitalization.
New India Assurance has both online and offline procedures for settling claims of its policyholders. Active customer assistance is provided to assist the policyholders at any hour of the day. The claim settlement procedures have been elaborately discussed below.
List of Documents Required During Claim Settlement
Following documents are required at the time of settling a bike insurance claim.
- Duly filled and signed claim form
- Self-attested copy of Registration Certificate (RC)
- Driving license of the person driving at the time of the accident
- Policy copy
- Original repair estimate, repair invoice and payment receipt for non-cashless claims
- Original repair invoice for cashless claims.
How to Make New India Cashless Bike Insurance Claim?
New India Assurance General Insurance has formulated simple steps to settle the claims of the policyholders:
Step 1: Contact the insurer
You should notify the claim team of New India Assurance General Insurance immediately after the accident, damage or theft of the insured’s bike. You can get in touch with the insurer by dialling its toll-free number 1800-209-1415 or by visiting the nearest office. You can even opt for online “claim intimation” through its official website.
Step 2: Register Claim
A claim assistant of the insurance company contacts you after the intimation and issues a claim form. The policyholder should provide the following details to the claim assistant.
- The policy number
- Date, time and location of the incident, accident or theft
- The present location of the insured’s bike and all other related details.
The claim assistant provides the policyholder with a claim registration number which is to be saved for future reference. The policyholder should collect or download the claim form at this point.
Step 3: Survey of Damages
A company surveyor is appointed to assess the extent of the damages caused to the bike during the accident. The surveyor visits the site for verification. In the case of third party property damage, the policyholder should provide its vehicle registration number. One can provide contact details of witnesses as proof. The surveyor estimates the cost of repair and collects the duly filled claim form, policy documents and proves of the incident.
Step 4: Claim Settlement
After the final verification of the surveyor, the insurance company confirms its liabilities. The insured’s bike can be moved to the nearest network garage. If the bike is in immovable condition, the insurer provides a towing charge up to Rs. 300 to move the bike from the accident site to the network garage. After the repair, the insurer pays off the expenses of repair of the insured’s bike to the garage. The claim amount is calculated factorizing the depreciation and deductibles.
How To Make New India Reimbursement Bike Insurance Claim?
The policyholder can register a reimbursement claim if he cannot find a network garage nearby or wish to repair it in any other garage. A reimbursement claim ensures compensation for the repair expenses. The reimbursement claim procedure has been discussed below:
Step 1: Contact New India Assurance General Insurance
You should notify the claim team of New India Assurance General Insurance within 24 hours of the accident, damage or theft of the insured’s bike. You can contact the insurer by dialling its toll-free number 1800-209-1415 or by visiting the nearest office.
Step 2: Register A Claim
The claim assistant calls you back after the intimation. You have to inform the executive about the policy number and details about the accident. You receive a unique claim reference number from the claim assistant.
Step 3: Survey of the Damages Incurred
A surveyor is sent by the insurer to check the condition of the bike before it is sent for repairs. The surveyor prepares an estimate of the cost of repair. The policyholder has to submit the documents, duly filled claim form and the proves to the surveyor.
Step 4: Repair and Reimbursement
After the approval from the surveyor, the policyholder can send the bike to his desired garage. Submit the bills and receipts of repair along with policy documents to the insurer to receive the reimbursement. The company checks the details and finally disburses the claim amount taking into account all the deductibles and depreciation.
Common New India Bike Insurance Claim Rejection Reasons
New India Assurance General Insurance has a set of specific conditions for the approval of the claim. The claim is rejected by the insurance company under the following circumstances:
- Registration of a fraud Claim
- Claiming wrong coverage amount
- Misinterpretation of facts
- Improper functioning of the vehicle parts
- Driving without license
- Lack of details required to process the claim
- Delay in intimation about the mishap to the insurer
- Act of negligence
New India No Claim Bonus
When you purchase an own-damage cover from New India for your two-wheeler you become eligible to receive the No Claim Bonus. The NCB is a reward that is given by the insurance provider for a claim-free year. The reward is cumulative in nature and goes up to 50 per cent in the fifth consecutive year. Keep in mind, any claim you make no matter how minor will disable the No Claim Bonus. Therefore, it is advised that every policyholder refrain from filing a claim unless the damage caused due to the mishap is significant.
Moreover, it is also advised that the policyholder maintain timely renewal of the insurance policy to ensure the accumulated NCB remains intact. If the policyholder fails to do so the NCB will be lost. To avoid such situations, insurance companies offer a grace period of 90 days after the expiry date. Any delays after this date, however, leads to the cancellation of the insurance policy and the NCB with it. A benefit of the NCB is if you choose to transfer to a different insurance provider or sell your two-wheeler to purchase another one the NCB will be transferred. This is because the reward is given to the policyholder for safe driving and hence, is not attached to any particular two-wheeler.
Explore New India Bike Insurance
Must Read Articles before buying New India Bike Insurance
- Looking for reasons to buy New India Bike Insurance Plan? Read on this blog to find out the benefits in detail!
- Read this article to know why you should buy two-wheeler insurance at New India Insurance.
- Read this article to find out easy steps on how you can get a duplicate copy of your bike insurance policy documents from New India Assurance.
- You should consider tips to maintain your bike during corona. So, here are a few tips that you can follow to take care of your bike during covid.
- If you are wondering about how much bike insurance costs. We have compiled the tips to know the cost of a two-wheeler insurance policy.
New India Bike Insurance User Reviews
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New India Assurance Bike Insurance Claim FAQs
From where do I get the claim form of New India Assurance bike insurance policy?
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.
Do I need to make the payment to the garage in case of reimbursement claim?
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
What is the role of the surveyor in claim settlement?
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.
In case of a claim due to theft of the insured’s bike, do I need to transfer the Certificate of Registration of the stolen bike?
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.
How can I get roadside assistance in case of any emergency?
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.
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