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The New India Assurance Bundled Motor Policy for Private Cars is structured for eligible new private cars. Under the standard bundled arrangement, own-damage protection applies for the first year, while third-party liability cover applies for three years. Own-damage protection covers eligible loss or damage from insured events such as accidents, fire, theft and specified natural or man-made perils, subject to the policy wording, exclusions and deductibles. Third-party cover addresses covered legal liability arising from injury, death or property damage. Premium depends on the vehicle, IDV, location, applicable rates and selected covers. Check the policy schedule for the exact start and expiry dates of each section.
One-year own-damage cover with three-year third-party liability cover
This bundled policy is useful for eligible new private car owners who want own-damage cover and multi-year third-party liability arranged together at purchase. The two sections have different coverage periods: own-damage is generally for the first year and third-party liability for three years under the bundled structure. Owners should check how own-damage renewal will be handled after its first-year expiry, and should not assume the own-damage section automatically continues for the full third-party term. Review the IDV, deductibles, exclusions, claim conditions and any selected add-ons before purchasing.
New India Assurance
Key Insights
Founded
1919
New India Assurance was established 107 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
93.8% CSR, calculated as a 3-year average
New India Assurance settles 93.8% of all claims it receives.
Contact Details
1800 209 1415
Headquarters: 87, M.G. Road, Fort, Mumbai – 400 001, Maharashtra, India
Covers eligible loss or damage to the insured car during the own-damage policy period.
Own-damage cover is generally for the first year under the bundled structure.
Covers the insured owner’s legal liability for covered third-party injury, death or property damage.
Subject to applicable law, policy wording and limits.
Covers eligible accidental loss or damage to the insured car during the applicable own-damage period.
Deductibles, exclusions and claim conditions apply.
Provides cover for eligible insured-car loss or damage caused by covered fire-related events or theft.
Subject to policy terms and the applicable own-damage period.
May cover specified events such as flood, storm, earthquake, riot and malicious acts.
Only events included in the policy wording are covered.
Optional assistance may include services such as accident towing, breakdown assistance and other listed roadside services.
Optional cover subject to availability, chosen variant, additional premium and policy terms.
An optional cover intended to provide an enhanced settlement basis for eligible total-loss or theft claims.
Availability, eligibility, limits and conditions must be confirmed in the current add-on wording.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
New India Assurance plans and claim process
It is a bundled policy arrangement that generally provides one year of own-damage cover and three years of third-party liability cover for eligible new private cars.
Under the standard bundled structure, own-damage cover applies for the first year. Check the policy schedule for exact dates.
The bundled structure provides third-party liability cover for three years, subject to the policy schedule and terms.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official New India Assurance website before purchasing.
Official Website
newindia.co.in
Visit the official New India Assurance website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Eligible accidental damage is covered during the applicable own-damage period, subject to exclusions and deductibles.
Eligible theft and fire-related vehicle losses may be covered during the own-damage period, subject to policy conditions.
No. The premium depends on vehicle details, IDV, location, applicable rates and selected covers.
No. Optional covers such as roadside assistance or return to invoice must be confirmed in the proposal and policy schedule.
Check the expiry date and arrange eligible own-damage renewal if continued protection for your car is required.