Having motor insurance has become a legal requirement and with the correct level of cover, it provides financial protection in the event of your vehicle being damaged. Many companies have come up with one of a kind car insurance policy. National Insurance Company Limited (NICL) is a state owned general insurance company in India which along with its good reputation provides car insurance policies that not only secures the owner of the car against any financial loss arising from damage or theft of vehicle but it also involves damage caused to third party or property. National Car insurance is available for both cars and two wheelers. The policy provided by National car insurance not only covers a wide range of car insurance issues but it is also budgeting friendly. Customers can also opt for online car insurance and online car insurance renewal policies through National Car insurance policy. Apart from providing all the regular basic features the company also gives you the flexibility of applying for policies online which helps you save time. Recently it has been announced by the Indian government that Public sector insurance companies will offer incentive, by way of up to 10% discount or credit, on the premium general insurance policies sold through customer portals, but only in case the payment is made through digital means. National Insurance Company will also be eligible for such discounts. Products that can be bought online include motor insurance.
Key Benefits of National Car Insurance
The Cashless Claim under Car Insurance from National Insurance provides direct Cashless Claim settlement in listed garages across India. National Car Insurance also provides discounts. Customers can avail opt for online discounts in additional to no-claim bonus. Customer Support or Accidental Cover provided to the occupants for a limit of Rs 7.5 lakhs has also increased legal liability to asset damage of third party
Insuring your vehicle is compulsory in India as per various motor vehicle laws enacted by both state and central governments of India. Two types of coverage options are available.
- Liability Only cover
- Package Cover
Add-on Covers under National Car Insurance
Depreciation or deduction Cover under National Car Insurance claims coverage without any reduction for depreciation on the price of parts replaced. It also provides Third Party Cover. The Personal Accident Cover provide by National Insurance’s car insurance provides a lump sum amount for paid driver/ passenger for huge sum assured on the occurrence of any Personal accidental .
National Car Insurance is Going Digital
Buyers of motor insurance from government companies will get 10% discount. The National Insurance Company has already filed for new discounted online policies for its online customers. Buying car insurance products online has its own benefits as there is no intermediary to help you out at the time of your car insurance policy claim or for any other service. The key point of contact is itself the insurer. With the new digital push on, buying and renewing your car insurance policy online is the most convenient way to avail the best policies today.
