As per the Motor Vehicles Act, 1988 it is mandatory for every owner of a vehicle plying on public roads, to take an insurance policy, to cover the amount, which the owner becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property. A Certificate of Insurance must be carried in the vehicle as a proof of such insurance. New India Assurance Company Offers you two types of Insurances, Two wheeler Vehicle Insurance and Four Wheeler Vehicle Insurance.
Two types of covers are available:
Liability only policy. This covers third party liability for bodily injury liability and / or death and property damage. Personal Accident cover for Owner/driver is also included.
Package policy. This cover loss or damage to the vehicle insured in addition to (1) above.
No - claim discounts are available on renewal of policy, ranging from 20% to 50%, depending upon the type of vehicle and the number of years for which no claim has been made.
As per the Motor Vehicles Act, 1988 it is mandatory for every owner of a vehicle plying on public roads, to take an insurance policy, to cover the amount, which the owner becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property. A Certificate of Insurance must be carried in the vehicle as a proof of such insurance.
All types of Four Wheelers are insured by New India Assurance Company.