National Insurance Company Car Insurance Introduction
National Insurance Company Limited is a leading Public sector Insurance Company in India. National Insurance Company Limited is one of the key General Insurance Company in the market Recognised by Government of India. National Insurance Company Provides you more than 200 policies, it is providing almost all required policies to Indians. National Insurance Company Limited has 1000 offices and 16,000 employees across India to serve its customers.
National Insurance Company car insurance is one of the insurance policy introduced by the National Insurance Company Limited. To get National Insurance Company Motor Insurance The owner of the vehicle must be a registered owner to the vehicle where he or she wants to benefit by the safety of the vehicle. National Insurance Company Car Insurance Policy covers the loss caused due to damage of vehicles used for social, domestic and for professional purpose.
National Insurance Company Car Insurance Key Features and Benefits
- National Insurance Company Private Car Insurance Covers the loss caused due to damage of your car.
- It also covers the loss caused due to accessories of your vehicle.
- You can contact National Insurance Company Limited by its call center number 0866 257 8586 to buy Private Car Insurance Policy.
- National Insurance Company private car Insurance Provides you legal liability to paid driver.
- You can get a coverage up to Rs.7.5 lakhs for property damage of third-party.
- National Insurance Company Private Car Insurance provides you personal accident coverage.
- This policy provides you No Claim Bonus(NCB) facility for claim free experience
- You can have discount on choosing higher voluntary excess.
- You will get a discount on the anti-theft devices installed in your vehicle.
- National Insurance Company Car Insurance provides concession for specially designed/modified vehicle for blind, handicapped and mentally challenged persons.
- You can buy private car insurance policy through online by using debit card, credit card.
- The owner of the vehicle should be registered to the vehicle by giving their preference place, where they wants to benefit the safety of the vehicle during buying your policy.
- You can renew your national insurance company car insurance policy through online.
National Insurance Company car insurance policy coverages
National Insurance Company Car Insurance Policy provides you two types of coverages they are,
- Liability Only Cover.
- Package Cover.
Liability Only Cover:
It Insures you against any legal liability to your vehicle,if your vehicle involving in an accident. It does not cover any damage to your vehicle.
This policy covers the following risks only.
- Injury or Death of Third Party.
- It Covers the loss caused due to property damage of third-party up to Rs.7.5 lakhs.
Package Cover:
It covers the Loss caused due to damage of your vehicle.
It provides you third-party coverage as well as damage caused to your own vehicle.
It also Provides you coverage facility for co-passengers.
This policy covers Own Damage to the Insured vehicle caused by:
- Accident by External Means Fire, Explosion, Self Ignition and Lightning.
- Transit by Road, Rail, Inland Waterway, Air, Lift.
- Burglary, Housebreaking or Theft.
- Terrorism, Riots, Strikes or Malicious Acts.
- Earthquake, Flood, Storm, Landslide, Rockslide.
National Insurance Company Car Insurance Policy non-coverages
- This policy does not cover any Consequential loss.
- It does not cover the loss caused due to wear and tear, electrical/mechanical breakdown, failures or breakages.
- It does not covers the loss caused due to damage to tyres, unless the motor vehicle is damaged at the same time when the liability of the insurer is limited to 50% of the cost of replacement.
- It does not cover the loss caused to your vehicle, if you use your vehicle for hire or reward, racing, pace making, reliability trial, speed testing and use for any purpose in connection with the Motor Trade.
- It does not cover the loss due to failure of car parts which led any accident.
- It does not cover the loss caused to your vehicle due to driving the vehicle in the influence of drugs or alcohol.
- This policy does not cover the loss caused to your vehicle outside the geographical area as mentioned in the policy.
National Insurance Company Car Insurance Policy Additional coverages
- No Claim Bonus(NCB): NCB is a discount on premium of the Own Damage (OD) portion of your vehicle when you renew your policy.
- Third party liability coverage : It Covers the loss up to 7.5 lakhs, caused due to property damage or death of third-party.
- Discount on anti theft devices: You can get a discount on ARAI(automobile research association of india) approved anti theft devices.
- Personal accident coverage: It covers the loss caused due to accidental damage.
- Voluntary higher excess: The excess on a car insurance policy is a fixed contribution that you as the policyholder, will have to stump up in the event of a claim.
Rate of depreciation in National Insurance Company Car Insurance
For all rubber / nylon / plastic parts, tyre and tubes batteries and air bags – 50%.
For fiberglass components – 30%.
For all parts made of glass – NIL.
Rate of depreciation for all other parts including wooden parts will be as per the following table:
| Age of Vehicle | % of depreciation |
| Not exceeding 6 months | NIL |
| Exceeding 6 months,but not exceeding 1 year | 5% |
| Exceeding 1 year but not exceeding 2 years | 10% |
| Exceeding 2 years,but not exceeding 3 years | 15% |
| Exceeding 3 years,but not exceeding 4 years | 25% |
| Exceeding 4 years,but not exceeding 5 years | 35% |
| Exceeding 5 years, but not exceeding 10 years | 40% |
| Exceeding 10 years | 50% |
Rate of depreciation for painting:The depreciation rate of 50% will be available on the material cost of total painting charges.In case of consolidated bill for painting charges 25% of the depreciation will be available.
Sum Insured Declared value(IDV):
The IDV of the vehicle is fixed based on manufacturers listed selling price of the brand and model.
Depreciation for fixing the IDV of the vehicle in National Insurance Company Car Insurance:
| Age of the Vehicle | % of depreciation for fixing IDV |
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 10% |
| Exceeding 1 year but not exceeding 2 years | 15% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
National Insurance Company Car Insurance buying procedure:
You can buy National Insurance Company Car Insurance Policy by giving required information
Your Details:
- Select State
- Select District
- Select pin code
- Select office
Vehicle Details:
- Vehicle registration state
- vehicle type
- vehicle class
- Manufacturer
- Variant
- Body type
- Cubic Capacity
- Registration location
Claim process involved in National Insurance Company Car Insurance
If you have met with an accident you have to follow the below steps in National Insurance Company Car Insurance claim process:
- Note down the number of the vehicle involved in the accident,if any.
- Note down the name and contact details of the witness,if any.
- You can contact to National Insurance Company by its call center number 0866 257 8586.
- Fill the National Insurance Company Car Insurance Claim Form.
- Submit Claim Form to the National Insurance Company Regional Office,which is nearer to you.
- The Company Surveyor Will Survey the damage of your insured vehicle.
- You have to submit required documents to the Surveyor.
- The surveyor will verify the details of your vehicle.
- After verifying and calculating the % of depreciation they will settle the bill,in case of excess amount you have to pay the excess amount.
National Insurance Company Car Insurance Claim form
Documents required in National Insurance Company Car Insurance Claim process
For Accident Claims:
- Duly signed claim form.
- Copy of the RC book.
- Copy of the driving license.
- Copy of the first two pages of the policy.
- FIR on case to case basis.
- Original estimate.
For Theft Claims:
- Duly signed Claim form.
- Copy of RC book.
- Copy of driving license.
- Policy Copy.
- Original FIR copy.
- Estimated cost of replacement.
- C.R.Diary number.
For Third party Claims:
- Duly signed Claim form.
- Police FIR copy.
- Driving license copy.
- Policy copy.
- RC copy of the vehicle.
- Full details of property damaged.
National Insurance Company Car Insurance Premium and Maturity Calculator
By using National Insurance Company Car Insurance Maturity Calculator you can calculate the minimum premium has to be paid to take National Insurance Company Private Car Insurance by giving some required information.
National Insurance Company Contact Details
Telephone number: 22831705 / 22831706.
Customer care number:18001201430.
Email.id: administrator@nic.co.in
Contact Address:
3 middleton street,
Kolkata,
West bengal,
Pin code: 700071.
FAQ on National Insurance Company Car Insurance
1.Can I buy private car insurance policy online?
Ans: Yes. You can now purchase private car Insurance policy online by using your Credit Card/Debit card through niconline.in.
2.Can I renew Private Car Policy through online?
Ans: Yes.By providing minimum details of your expiring policy you can renew your policy by Simply visiting niconline.in and also additional No Claim Bonus benefits will be added to you..
3.Do I need to have a policy for Car?
Ans: Yes, According to the Motor Vehicle Act, every motor vehicle plying on the road has to be insured, with a minimum cover of Liability Only policy.
National Insurance Car Insurance Plan Documents and Forms
national insurance company ltd standard form
National Insurance Company car insurance rate of depreciation document
National insurance car insurance proposal form