National Car Insurance

About National Insurance

National Insurance Company Limited is renowned as India's oldest general insurance company. Among its versatile insurance options, it features three distinct types of car insurance: third-party, standalone own-damage, and comprehensive coverage. To know more about National Insurance car insurance renewal, scroll through the section below and learn more.

Things to Know About National Car Insurance

This table provides a concise overview of the key features and details of National Car Insurance:

Features.                                                            Coverage

National Car Insurance Claim Settlement Ratio.   93%

Number of Cashless Garages.                        3,100

Founding Year.                                                1906

Add-on Covers.                          Yes, available

Claim Assistance.                        24*7 Claim Assistance Available

Personal Accident Cover.              Up to Rs. 15 lakhs

Why Should You Buy Car Insurance with National Car Insurance?

National Car Insurance has tie-ups with over 3,100 cashless garages. With a wide number of cashless garages available, you can easily get your vehicle repaired at a nearby cashless garage without having to spend anything from your pocket.

National Insurance has three different types of car insurance plans to offer. The three types of car insurance plan that you can buy with National Insurance are third-party car insurance, comprehensive car insurance, and standalone car insurance. So, depending on your requirements and affordability, you can buy a desired type of car insurance plan with National Insurance.

With a claim settlement ratio of 93%, you can easily get your car insurance claims settled with National Insurance. The higher the claim settlement ratio, the easier it is for you in getting the car insurance claim settled.

There are a number of add-ons that you can include in your National car insurance plan. With these add-ons, you will be able to ensure greater protection for your car.

National Insurance also offers 24*7 customer support. With dedicated support from the customer team, you can easily reach out to their team for any queries or assistance.

During renewals, policyholders can also enjoy discounts on renewing their car insurance policy. A No Claim Bonus benefit is also given if the policyholder raises no claim in a given year. Moreover, there is a Personal Accident Cover of up to Rs. 15 lakhs offered with National car insurance plans.

What does Car Insurance from National Insurance cover?

1. Liability-Only Policies:

The liability-only policy from National Insurance provides coverage for the vehicle owner's legal liability to compensate for:

• Death or bodily injury to a third party person.
• Damage to third-party property.

The coverage includes unlimited liability for death or injury and covers up to Rs. 7.5 lakhs for damage to third-party property under private cars.

2. Package Policy:

In addition to the coverage provided by liability-only policies, the package policy from National Insurance covers loss or damage to the insured vehicle and its accessories due to various events, including:

• Fire, explosion, self-ignition, or lightning.
• Burglary, housebreaking, or theft.
• Riot and Strike.
• Malicious Act.
• Terrorist Act.
• Earthquake (Fire and Shock) Damage.
• Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone, and Hailstorm.
• Accidental external means.
• Transit by road, inland waterway, lift, elevator, or air.
• Landslide/Rockslide.

Additionally, National Insurance offers a No-Claim Bonus (NCB) that provides discounts on your own damage premium when renewing the package policy. The discounts range from 20% to 50%, depending on the consecutive claim-free years.

Compulsory Deductibles

The insured is responsible for paying a compulsory deductible amount for each claim, as follows:

• Rs 1000/- for Private cars up to 1500 cc
• Rs 2000/- for Private cars with more than 1500 cc

Depreciation on Parts for Partial Loss Claims

For partial loss claims, the rate of depreciation varies for different vehicle components, as follows:

• Rubber nylon/plastic parts, tyres and tubes, batteries, and airbags: 50%
• Fibreglass components: 30%
• Parts made of glass: Nil
• Paint material: 50%

Other parts, including wooden parts, have a depreciation rate based on the age of the vehicle.

What Are The Exclusions For Car Insurance From National Insurance?

The National Insurance car insurance policies have certain exclusions, which means that the coverage does not apply to the following situations:

• Wear and Tear, Breakdowns: The policy does not cover expenses related to general wear and tear of the vehicle or mechanical breakdowns.
• Consequential Loss: Any loss or damage resulting from the initial event, such as subsequent damage following an accident, may not be covered.
• Loss when Driving with an Invalid License or Under the Influence of Alcohol: Losses incurred while driving without a valid driving license or while under the influence of alcohol or drugs are excluded from coverage.
• Loss Due to War, Civil War, etc.: Damage or loss resulting from war, civil war, rebellion, revolution, or any related events are not covered.
• Claims Arising Out of Contractual Liability: Any claims that arise due to a contractual obligation or liability are typically excluded from coverage.

Use of Vehicle Otherwise Than by Limitations as to Use: If the vehicle is used in a manner that goes against the specified limitations (e.g., using a private car as a taxi), any resulting claims may not be covered.