How to Renew National Car Insurance Online?

Online transaction convenience is critical in the current digital era. Acknowledging this change, National Insurance Company Limited (NICL) provides its auto insurance subscribers with an easy-to-use online renewal method. This is an extensive how-to.

What is the National Insurance Company?

Established in 1906, NICL is among the most well-known general insurance companies in India. With more than a century of experience, it offers a variety of insurance products adapted to India's changing demands. NICL is a PSU insurance provider, and has a very high claim settlement ratio. NICL remains a reliable insurance provider with a wide network and an emphasis on customer-centric services.

Types of Car Insurance Policies That The National Insurance Company Offers

1. Third-Party Coverage:

• Coverage: This includes any injuries, fatalities, or property damage brought on by the insured vehicle to third parties.
• Legality: As required by the Motor Vehicles Act of India, all cars operating on Indian highways must comply with this legal requirement.

2. Comprehensive Insurance:

• Coverage: This comprehensive plan includes coverage for personal accidents, third-party liabilities, and damages to the insured vehicle resulting from theft, accidents, or natural catastrophes.
• Flexibility: Policyholders can add particular add-ons to this plan to tailor it to their own needs.

3. Standalone Own Damage Insurance

• Coverage: This own damage plan includes coverage for personal accidents, third-party liabilities, and damages to the insured vehicle resulting from theft, accidents, or natural catastrophes.
• Flexibility: Policyholders can add particular add-ons to this plan to tailor it to their own needs.

4. Add ons

• Zero Depreciation: This covers the cost of depreciation on replaced parts. 
• Engine protect: This is crucial in locations that frequently flood because it guards against harm to the engine from leaks or seepage of water.
• Roadside Assistance: Offers services include flat tyre repair, fuel delivery and towing in the event of a breakdown.

Calculating a National Auto Insurance Premium:

Multiple things determine the premium. These are: 

• Age: The age, make, model, engine capacity, and customizations of the car are all included in the vehicle specifications.
• Location: Because there are more hazards associated with vehicles registered in metropolitan locations, premiums may be higher.
• Usage: Compared to personal automobiles, commercial vehicles may have higher insurance rates.
• Claim History: Your premium may be lowered if you are qualified for a No Claim Bonus if you have not filed a claim over the preceding years.

In order to help with informed decision-making and to ensure transparency, NICL provides an online tool for calculating premiums.

How Can a National Auto Insurance Policy Be Renewed?

1. The NCL Portal

• Start by going to the official NICL website.
• Choose 'Renew' after selecting the 'Motor Insurance' subtab.
• To obtain the details of your current policy, enter your policy information.
• Check the information and continue.

2. Quotation Generation:

• A renewal quote including any relevant No Claim Bonus and any other add-ons, if selected, will be displayed by the portal.
• For clarification, go over the premium break-up.

3. Payment:

• The NICL portal accepts a number of payment options, such as digital wallets, net banking, and credit/debit cards.
• An instantaneous e-policy is generated following payment. Please be sure to download and save this file.

How Can I Renew National Car Insurance Policy Online?

During the time of renewal, you can either renew your policy from the same insurer or alternatively you can choose a different insurer to renew your policy. In both of the cases, you can easily renew your car insurance policy either through the insurance website as mentioned above or from InsuranceDekho.com.

Please follow the mentioned steps below to renew your National Insurance Policy from InsuranceDekho.com -

1. Visit InsuranceDekho.com and select ‘Car Insurance’ icon present on the Homepage
2. Enter your Car’s Registration Number
3. Confirm your Car’s details
4. Provide some basic information such as your name and phone number to proceed
5. Confirm some details about your car and the last policy such as 
1. No Claim Bonus (NCB) - What was the NCB in the last year policy
2. Claim Taken Status - Whether claim was taken last year or not
3. Confirm your previous policy expiry date
6. Select Add-ons that you want to add to your policy such as Zero Depreciation, Consumables, Key Cover, Engine Cover, Roadside Assistance etc. Please note these add-ons will increase your net premium but provide you extensive coverage
7. Select National Insurance or other company’s plan from a list of plans provided that you wish to renew
8. Confirm some existing policy and add-on details, and then proceed to filling the proposal form
9. Fill the proposal form to confirm/ re-confirm your personal details such as Name, Address; car details such as Engine number, Chassis number, previous year policy number; perform KYC (simple 30 second process - KYC has been mandatory for Govt. of India starting January 1, 2023)
10. Confirm all details in the summary view and click on ‘Pay Securely’
11. Make a payment using your preferred mode of option such as UPI, Credit Card, Debit Card etc.
12. Once the payment is completed, your policy will be issued immediately

Online National Auto Insurance Renewal Benefits

1. Time-saving: Removes the need for in-person meetings and protracted paperwork.
2. Paperless: This digital procedure reduces carbon emissions and is a sustainable option.
3. Constant Availability: Renew at any time, anyplace.
4. Discounts: There are occasionally special deals or discounts available for online renewals.
5. Digital Record: It's easier to access and administer, so you'll never lose your insurance.

Final Thoughts 

Online policy renewals for National Car Insurance offer efficiency and security in addition to convenience. You can make the greatest decisions for the safety of your car because of the transparent approach, which guarantees that you're always in the know. The knowledge that you're always in good hands when travelling India's busy roadways is comforting.

FAQs

1. What is the National Insurance Company Limited (NICL)

In response, one of the oldest general insurance companies in India is NICL, having been founded in 1906. With its main office in Kolkata, it provides a variety of insurance products to meet a wide range of demands.

2. Which categories of auto insurance does NICL provide?

The Third-Party Liability Policy offered by NICL is a legal requirement. Additionally, the Comprehensive Car Insurance Policy covers damages to the insured car in addition to third-party liabilities. In addition, a number of add-on covers are offered, including roadside assistance, engine protection, and zero depreciation.

3. How can I figure out how much my NICL auto insurance premium will be?

In response, NICL provides a premium calculation tool online. You can get a fast premium quote by providing information about the car, including its age, make, model, and location.

4. Is it secure to renew my online coverage for NICL auto insurance?

Yes, NICL's online platform uses cutting edge security methods to guarantee the privacy and security of your transaction and personal information.

5. What paperwork is needed to renew online?

Answer: Generally, you'll need the information of your old policy as well as your car's registration. Nonetheless, the online procedure reduces paperwork, improving the effectiveness of renewals.

6. After making an online renewal, how will I get my policy document?

Answer: You will receive an email with a digital copy of your renewed policy, or an e-policy, as soon as the online payment has been successfully completed. This document is available for download and storage for later use.

7. What should I do if I have trouble using the online renewal form?

The best course of action in the event that you run into issues when completing the online renewal procedure is to contact NICL customer service by phone, email, or chat support.

8. Can I alter or add extras while completing the online renewal process?

Yes, you will have the ability to add or change any extra coverages to your policy during the renewal process based on your needs.

9. What happens if I forget when to renew?

In the event that you neglect to renew your policy, it will lapse and your car won't be covered. NICL does, however, typically offer a grace period. In order to prevent legal issues or the loss of No Claim Bonus benefits, it is best to renew as soon as feasible.

10. Can I transfer my insurance to NICL while it's being renewed?

Yes, you are able to transfer your auto insurance from one company to NICL when it is being renewed. Select the option for a new policy when renewing and supply the required information. To take advantage of continuity benefits like the No Claim Bonus, make sure there is never a coverage gap.