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The New India Assurance Two Wheeler Base Package Policy combines own-damage protection for the insured scooter or motorcycle with third-party liability cover. Protection applies to insured events and remains subject to the policy wording, exclusions, deductibles and declared vehicle details. The insured declared value (IDV) is an important factor in determining the own-damage sum insured.
Protects the insured two-wheeler against covered own-damage events and provides third-party liability cover.
This option combines two important protection components: damage cover for the insured two-wheeler and third-party liability cover. Compare the IDV, deductible, exclusions and optional covers before purchasing. The final premium depends on vehicle-specific details and the insurer’s quote.
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
Own-damage + third-party liability
Coverage is subject to the issued policy wording.
Premium is calculated using applicable vehicle and policy details.
Check the insurer’s quote for the payable amount.
Claims are assessed under the applicable policy conditions, exclusions and deductibles.
Read the policy wording before purchase.
Applicable insured value and liability limits depend on the type of policy.
Confirm these details in the final quote.
Claims require relevant documents and compliance with the insurer’s claim process.
Report incidents promptly as required by the policy.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
New India Assurance plans and claim process
It combines own-damage protection for the insured two-wheeler with third-party liability cover, subject to policy terms.
Eligibility depends on the vehicle, registration details and insurer underwriting requirements. Check the official quote and policy wording.
Premium depends on the policy type and relevant vehicle details. For own-damage cover, factors can include IDV, vehicle age, engine capacity and selected add-ons.
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)
Third-party motor insurance is mandatory for vehicles used on public roads in India. The applicable policy must remain valid.
Theft cover is generally part of eligible own-damage or package protection, subject to policy terms. Liability-only cover does not insure theft of the insured vehicle.
Optional covers may be available depending on the policy and insurer rules. Check availability and extra premium in the official quote.
No. The premium varies with vehicle and policy details. Use the insurer’s quote for the actual payable amount.
Visit New India Assurance’s official two-wheeler insurance page and review the relevant policy wording before purchase.