All You Need To Know About National Bike Insurance Claim

National General Insurance is a publicly listed general insurance company that has handled thousands of claims successfully. As seen by its claim settlement ratio of 85.71 percent in fiscal year 2019-2020, it has a strong track record of settling claims. National General Insurance has been able to reach out to a wider number of people as a result of its digitalization. Its policyholders should expect a quick settlement of their claims. The Customer Service representatives will guide you through the whole process.

Process For Filing A National Cashless Bike Insurance Claim

National General Insurance has simplified down the bike insurance claim procedure into the following phases to make it as simple as possible for its policyholders:

1. National General Insurance is the Company to Contact

To begin the claim settlement procedure, the policyholder must contact the insurer as soon as possible following the incidence, whether it be a theft, an accident, or any other type of damage to the bike. The phone number for National General Insurance is 1800-345-0330. In the terrible situation of an accident, the call should be made within 24 hours. Take photos of the scene of the tragic occurrence and obtain the names of witnesses so that you may use them as evidence when submitting a claim.

2. Submit a Claim

A representative from National General Insurance will call you within 24 hours. The representative must be given the following information:

• The number of policies
• On this day and at this hour, disaster struck.
• Description of the Estimated Loss
• At this location, our loss assessor will be able to check the vehicle.
• The driver's name, address, and phone number, as well as information from his or her driver's licence
• The Insured's Contact Information
• The executive assigns you a claim reference number for future reference. Pick up a claim form at the branch that is most convenient for you.

3. Damages Estimation   

A surveyor from the company is sent to assess the extent of the bike's damage as a result of the incident. You can offer a completely filled claim form, policy documents, and evidence for the survey.

4. Claims Settlements

After examining all of the considerations, the surveyor gives his or her approval. The insurer accepts its financial and legal responsibilities and pays for all costs involved with the insured's bike's garage repair. The claim amount is calculated after deducting deductibles and depreciation.

5. Bonus for Not Making a Claim (NCB)

A No Claim Bonus is included with every two-wheeler own-damage coverage from National General Insurance Company. Every insurance provider offers own-damage coverage as a reward for each year of no claims. The advantage is cumulative, which means that it improves with time. For the sixth year in a row, it surpasses 50%. This is the most a policyholder may obtain from their insurance company in terms of a No Claim Bonus. The NCB is disabled when a policyholder files a claim. The claim's value is insignificant. As a result, you should only file a claim if the harm is significant and exceeds the NCB.

Take Away

National Insurance Company Limited is one of the country's most well-known insurers. However, few people are aware that it is the country's oldest non-life insurance provider. It's also one of just four PSUs (Public Sector Units) in India that deals with general insurance. The brand's multiple first-to-market offerings are one of the main reasons for its continued relevance and strength as an insurer.

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.