New India Bike Insurance FAQs
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Select your Two wheeler brand
Which city is your Two wheeler registered in?
When did you buy your Two wheeler?
Is there any condition on buying two wheeler insurance from New India Assurance?
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.
Does New India Assurance offer a discount through No Claim bonus?
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.
What is the scope of coverage of New India Assurance Two Wheeler Insurance plans?
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.
Does my geographical zone affect my IDV?
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.
Can premium be paid online or do I need to visit the branch every time?
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.
Why is a third party bike insurance needed?
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.
What documents do I need to buy the New India third party insurance policy?
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
How can I purchase the New India Assurance third party bike insurance?
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
What should be done if the policy documents are lost?
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.
What is the payment process of the premium of the third party bike insurance policy?
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.
What are the factors affecting the premium amount of New India Assurance comprehensive bike insurance policy?
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
What are the advantages of New India Assurance comprehensive bike insurance?
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
Does New India Assurance comprehensive insurance policy pay for towing service?
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/-.
How can I purchase New India Assurance comprehensive bike insurance policy online?
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.
How can I purchase New India Assurance comprehensive bike insurance policy offline?
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.
What are the factors that decide the rate of increase in the premium amount for opting Zero Depreciation cover?
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
Does New India Assurance Zero Depreciation provide free of cost repair of the depreciated bike parts?
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.
Is the Zero Depreciation cover available only for new bikes?
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.
Which depreciable bike parts are covered under New India Assurance Zero Depreciation cover?
New India Assurance Zero Depreciation cover provides coverage for the repair of the following bike parts:
Where can I get more information about the New India Assurance Zero Depreciation cover?
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
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.
Do I get any discount on renewal of New India Assurance bike insurance?
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.
How do I receive the policy documents in case of online renewal of the policy?
You receive a soft copy of the renewed policy through e-mail after payment of the renewal fee.
What are the factors that determine the premium quote at the time of renewal?
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.
When do I need to renew the New India Assurance bike insurance policy?
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, how do I contact New India Assurance General Insurance?
In case of any emergency, you can contact New India India Assurance General Insurance by making a call on its helpline number 1800 2091415.
What factors can affect the premium of a bike insurance policy?
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.
How can a bike insurance premium calculator help me?
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.
What details are required to be filled on the bike insurance premium calculator?
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.
Can premium calculators be used for calculating premium for new bikes only?
No, the premium calculator can be used for computing the amount of premium for new as well as old bikes.
Where can I use the premium calculator to calculate the premium for my policy?
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.
Which bike insurance add-on covers are offered by the New India General Insurance?
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.
Can I add the add-on covers to my third party bike insurance policy?
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.
Will I have to pay an additional premium to avail bike insurance add-on 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.
Can I add more than one add-on cover to my two-wheeler insurance policy?
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.
Who should include accessories add-on cover to their bike insurance policy?
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.
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.
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