Nowadays owning a car has become common and everyone desires to keep this asset secured. Thus the demand for car insurance is increasing with time. However buying the ideal car insurance is no child’s play. The National Insurance Company limited is providing its customers with one of kind car insurance policies. National Insurance Company Limited is not only one of the best insurance companies it is also a fully central government owned general insurance company which is based in India. The company has it’s headquarter in Kolkata. National Insurance Company limited was established in 1906 and nationalized in the year 1972. National Insurance Company limited gross direct premium income has steadily grown to about INR9000 crores rupees in the budgetary year 2012-13. National Insurance Company plans to become the first state-owned general insurer to go for subordinated bond. It has already gone online. National Insurance has a net worth of ` 9,000 crore, assets of `20,000 crore and a fair value of `6,000 crore.
The car insurance provided by National Insurance Company limited is not only budgeting friendly but also has a wide range of discounts. Additional benefits like third party insurance, add on covers, additional benefits makes it a smart choice. The National Insurance Company limited’s car insurance provides online services such as online renewal and online policy buying options. This makes a more convenient method of policy transaction as customers are looking forward to a digital India.
Key Benefits of National Car Insurance
- Easy Cashless Claim Networks- The National Insurance Company limited’s car insurance provides its customers with Direct Cashless Claim settlement in network garages across India as mentioned in the policy.
- Exciting Discounts- with The National Insurance Company limited’s car insurance you can avail attractive online discounts as well a no-claim bonus.
- Excellent Accidental Cover and Online Customer Support- under The National Insurance Company limited’s car insurance provides covers for the accident to the occupants. National Car Insurance has also increased legal liability to property damage of third party along with online renewal options.
National Car Insurance add-on covers
Add-on Covers for National Car Insurance include Depreciation Cover that is claim without any reduction for depreciation on the value of the motor vehicle parts replaced. Third Party Cover and Personal accidental coverages are also included. However the National Insurance Company limited’s car insurance provides policy excludes damage to tyres unless the motor vehicle is affected at the time when the liability of the insurer is limited to 50% of the cost of replacement.
National Insurance Company’s latest updates
India’s state-owned general insurance taikuns which are Oriental Insurance, National Insurance, and United India Insurance, who together own 34 per cent of the total market share and are underwriting total direct premium of over an amount of Rs. 33,000 crore, are hopefully to be merged to create a stronger body to aim for greater valuations at the time of listing. National Insurance Company limited will revalue its shares for the first time in more than five decades to raise its capital base to make itself a better option for its investors.
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