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The New India Assurance Private Car Liability Only Policy is designed to cover the insured vehicle owner’s legal liability to third parties arising from covered motor accidents. The policy addresses covered third-party bodily injury or death and damage to third-party property, subject to applicable law, policy wording and limits. Owner-driver personal accident cover is included according to the applicable policy terms. This is a liability-only policy and does not provide own-damage protection for the insured car against accidental damage, fire or theft. Premium depends on applicable vehicle and rating details. Review the current policy wording and schedule before purchase.
Third-party liability protection without own-damage cover for the insured car
This policy is relevant for private car owners who need third-party liability protection without purchasing own-damage cover under the same policy. Its principal limitation is that damage to or theft of the insured car is not covered by this liability-only policy. Check the applicable third-party property-damage limit, owner-driver personal accident conditions, policy duration and premium quotation before buying. If own-car protection is required, compare the insurer’s package policy or an eligible standalone own-damage policy.
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 the insured’s legal liability for covered bodily injury to a third party arising from a motor accident.
Subject to applicable law, policy terms and claim conditions.
Covers applicable legal liability arising from covered third-party death in a motor accident.
Settlement follows applicable law and policy conditions.
Covers eligible legal liability for damage to third-party property.
Applicable monetary limits and policy wording apply.
Personal accident cover is included for the owner-driver under applicable policy terms.
Eligibility, insured amount and exclusions must be checked in the policy schedule.
Provides third-party liability protection without own-damage cover for the insured car.
Own-car accidental damage, fire and theft are not covered by this policy.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
New India Assurance plans and claim process
It provides third-party liability protection for covered bodily injury, death and property damage, subject to policy terms.
No. This liability-only policy does not cover own-car accidental damage, fire or theft.
It covers applicable legal liability arising from covered third-party injury or death, subject to law and policy 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)
Yes, eligible third-party property-damage liability is covered subject to the applicable limit and policy conditions.
The official product information states that owner-driver personal accident cover is included; check the policy schedule for applicable terms.
No. The premium depends on applicable vehicle details and insurer rating factors.
No. Theft of the insured car is not covered under liability-only cover.
Visit the New India Assurance official car insurance page and open the Private Car Liability Only Policy wording.