New India Two Wheeler Insurance

About New India Bike Insurance

New India Assurance Company is one of the most reliable bike insurance companies in India. The company provides three types of two-wheeler insurance plans to secure you financially against losses or damages to your vehicle. New India is owned and operated by the Government of India. Keep reading to find out more about New India's bike insurance plans.

Key Features of New India Bike Insurance

Benefits of Purchasing New India Two-Wheeler Insurance Plan

Many bike insurance companies in India offer two-wheeler insurance plans. Among the numerous leading bike insurance providers in India, New India Assurance Company is one of them. Some of the benefits that the company has to offer are highlighted in the section below:

High Claim Settlement Ratio: New India Assurance has a high claim settlement ratio of 92.23%. As the claim settlement ratio is high, the company is efficient in settling bike insurance claims. Furthermore, the company provides 24/7 support to its policyholders.

Wide Number of Network Garages: New India Assurance has tie-ups with over 3,000 cashless garages or network garages. With an extensive network of garages available, it becomes easier for you to get your bike repaired in a cashless manner.

Add-on Covers: To further enhance the coverage of your bike insurance plan, New India Assurance also offers a number of add-ons. Some of the add-ons available are personal accident coverage, accessory coverage, and more.

Affordable Premium: New India Bike Assurance has a bike insurance premium starting at Rs. 108. This means that with New India Bike Assurance, you can buy bike insurance at very affordable rates. However, when adding different add-ons, the bike insurance premium varies.

No Claim Bonus Discount: For every claim-free year, you get a No Claim Bonus discount with New India Assurance. So, avoid raising claims for minor damages and get the benefits of a No Claim Bonus with your New India Bike Insurance plan.

Steps To Calculate New India Bike Insurance Premium

The bike insurance premium calculator is an online tool through which you can determine the estimated premium for your insurance plan. Here’s a step-by-step guide that you can follow:

Click on the bike insurance page for New India.

Fill out the information like bike registration number, email ID, mobile number, and more.

Select the type of two-wheeler insurance policy you want to purchase.

Hit the “submit” button to view the estimated bike insurance premium.

Types of Bike Insurance Plans Available With New India Assurance

There are three different types of bike insurance plans that you can buy with New India Assurance such as those listed below:

Add-ons Available with New India Assurance

A standard two-wheeler insurance policy can be further strengthened by purchasing add-on covers. These options give the insurance policy flexibility, allowing customers to pick and choose add-ons that are in alignment with their needs. Make sure to select your add-on covers thoughtfully, as they can make a huge difference at the time of claim settlement. Some of the add-ons covered by New India Assurance are as follows:

Accessories Cover provides financial protection for stereos, nuts, and other types of accessories

Personal Accident Cover

Coverage for Co-passengers

Factors Affecting New India Bike Insurance Premium

Following are the factors that affect the New India Bike Insurance Premium:

Driving History: If a rider has made any bike insurance claims previously, they may have to pay a higher premium in comparison to others.

Coverage Amount: Policyholders with a high sum assured bike insurance policy might have to pay a higher premium. Additionally, you might have to spend more on the premium if you purchase a comprehensive two-wheeler insurance plan.

Age of the Insured: Young riders might have to pay a lower premium for their bike insurance policy. This is because older individuals are more at risk of accidents and other mishaps.

Add-ons: Additional benefits or add-ons also impact the premium for your bike insurance policy. Policyholders can purchase numerous add-ons with their base two-wheeler insurance by paying an extra premium.

Make and Model of Bike: The type of two-wheeler you have significantly impacts the premium for your bike insurance policy. For instance, the cost of Ducati Superleggera bike insurance is higher in comparison to the cheaper bikes.