Keep Your Car Protected With National Car Insurance Policy
National Insurance is a good option for all who are looking to protect their prized possession.
Bought your first car? Congratulations! Owning a four-wheeler is a big achievement. A car is an important asset to have, and to purchase one, people sometimes have to save for years.
So now that you have a vehicle of your own, what is the next big step? If you thought the answer was taking it on the road then you are wrong. According to the Motor Vehicles Act, 1988, it is mandatory for every vehicle to have a valid motor insurance to drive on the road. Driving without insuring your car first can result in the suspension of your driving license and/or penalty and/or imprisonment for up to 3 months. So, the correct answer, if you haven’t guessed it already, is ‘motor insurance’. Availing a motor insurance plan is a must for your vehicle and you cannot drive on the Indian roads without it.
National Insurance Company's Private Car Insurance Policy is a great option for people seeking to insure their four-wheelers. Here in this article, we will look into everything there is to know about this car policy by National Insurance.
National Car Insurance Policy Overview
There are two kinds of covers offered by National Insurance Company:
1.Liability only cover - This insures you in case a third party legal liability arises following an accident where your vehicle is involved. This type of cover, however, will not compensate for any damage sustained by you or your vehicle. The liability-only cover by National Car Insurance covers the following risks:
- Injury or death of third party
- Property damage (Third Party Property Damage up to Rs. 7.5 lakhs)
2.Package cover - This covers all liabilities, as per the Motor Vehicles Act, and the damages sustained by your vehicle. The package policy, more popularly known as comprehensive motor insurance policy, offers higher protection compared to liability-only cover. It provides third-party coverage as well as covers damages and losses to one's own vehicle, co-passengers or self. The comprehensive policy by National Car Insurance covers own damage to the insured vehicle resulting from-
- Accident as a result of external means like self-ignition, fire, explosion and lightning
- Transit by Inland Waterway, Road, Rail, Air, Lift
- Burglary, House breaking or Theft
- Strikes, Terrorism, Riots or Malicious Acts
- Storm, Earthquake, Flood, Landslide, Rockslide
What’s Not Covered by National Insurance?
Damages suffered to your vehicle from the following incidents will not be covered by National Insurance:
- Consequential loss, mechanical or electrical breakdown, wear and tear and failures or breakages
- Loss or damage resulting from depreciation of the car's value
- Loss or damage on account of war or nuclear risks
- Accidental loss or damage suffered while driving under the influence of intoxicating liquor or drugs.
- Cost of part/s and allied labour, failure of which results in any accident.
Salient Features of National Car Insurance Policy:
The following are the salient features of National Car Insurance Policy:
- National Insurance’s Private Car Insurance Policy covers vehicles used for domestic, social, and professional reasons (with the exclusion of carriage of goods other than the registered owner) of the insured or used by insured's staff for such purpose. However, damage or loss sustained if the car is used for hire or reward, racing, reliability trial or speed testing shall not be covered.
- You can also opt for additional cover for loss of accessories, legal liability to be paid to driver, personal accident to the occupants and increased legal liability for third-party property damage for a limit of Rs 7.5 lakhs
- The policy offers no claims bonus for claims free experience, in addition to providing discount for higher voluntary excess.
- Discount is provided for installing approved anti-theft devices in the car. There is a concession for vehicles that are specially designed or modified to suit the requirements of blind, handicapped and mentally challenged individuals.
Claim Process - National Car Insurance
Required steps and supporting documents:
a) In case of accident
Contact National Insurance company and lodge a claim with duly signed claim form.
Hand over a copy of driving license, RC book, policy document, FIR, if required. (Take a note of the contact details of the people involved in the accident).
Provide the original repair estimate bill.
In case of cashless service, submit the Invoice receipt.
In case of reimbursement, provide the estimate bill, original invoice and payment receipt.
b) In case of theft
Contact National Insurance Company and lodge a claim by submitting a duly signed claim form.
Hand over a copy of driving license, RC book, policy document, police FIR copy and duly signed form 28, 29, 30 and 35.
Get a final confirmation with “No Trace Report” of the insured vehicle from the police
c) In case of third party claims
Lodge the claim with duly signed claim form,
Submit police FIR copy and copy of Driving License, Policy and vehicle’s RC book
Conclusion
As you can see, there are many benefits to opting for National Car Insurance Policy for the security of your four-wheeler. Additionally, the claim process is quite simple and should anything untoward happen to your car, you can rely on National Insurance to cover your losses. Having a motor cover is compulsory by law if you own a vehicle, and the car insurance policy by National Insurance is a good option for all who are looking to protect their prized possession. So, what are you waiting for? Choose National Insurance for your vehicles now!