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The New India Assurance car policy renewal.
The new India assurance company is based in Mumbai, Maharashtra. New India is India's biggest public sector insurance company. It is under the ownership of the Ministry of finance. The company got nationalized in 1973 and founded by Dorabji Tata in the year 1919.The company provides its services in products such as motor insurance, health insurance, marine insurance, aviation insurance.
What is a renewal of policy in New India?
Renewal of the policy means the continuation of the policy in order to keep the policy in operation and continue the coverage .If the case policyholder fails to make payment, then his policy lapse. After the lapse ,the inspection is required, hence it is recommended that you should always renew your policy before the expiry date of the policy.
.What are the Benefits of renewing your policy with the same company.
-Not changing insurance companies for several years, builds a strong relationship between insured and insured companies. It is beneficial for the insured for understanding companies' claim procedures, services provided by the insurer.
-When you want to switch companies,you need to provide all the basic details again to renew the insurance policy. But if you continue with the same company, it's easy to renew.
-The policyholder can avail of the benefits of the NCB discount which helps him in reducing the premium amount.
What happens if the policy gets expired?
-If your comprehensive car insurance got lapsed, then you are not liable for losses arising from a third party's liability. Also, you are not get covered for your own damage.
-In the case of third-party car insurance, if your policy expires, then your third-party liability is not covered.Having third-party insurance is mandatory in India and if you don’t have it, you definitely face legal challenges. Also if you were not able to renew your policy within 90 days after the expiry, you will lose your NCB discount.
-If In case your Standalone own damage policy got lapses, then you are not liable to get cover under your own damage. if you are not able to renew your policy within 90 days after the expiry, you will lose your NCB discount .
-In case of the break-in of the policy ,you need to face an inspection of your vehicle again.
-In India, driving without an insurance policy is illegal. So you need to have insurance for driving.
What Documents are required for inspection?
The following documents need for inspection are as follows-
RC copy of a car
Previous year policy copy
Car’s Photos according to the requirement
Note :-Vehicle needs to be inspected between 10 am to 6 pm in a vacant place with proper sunlight.
What can you do if your policy expires?
-Contact Quickinsure brokers and visit the website https://quickinsure.co.in/ to know the further process of renewal
-Avoid driving a car till you get a new policy because your policy expired and you don’t have any protection right now.
-For renewal, you need to visit https://quickinsure.co.in/ and decide which policy is suitable for you.
-Fill up the basic details, i.e. registration number, policy number.
-Self Inspection in case of a break-in case, you can self inspect your vehicle through Quickinsure’s official app.
1) Can I renew my policy from one company to another?
Yes, you can renew your policy from one company to another.
2)For how much period NCB will be active after the expiry of the policy?
Up to 90 days NCB will be active after the expiry of the policy.
3)What is the need for inspection in renewal?
The inspection helps to ensure that there have been no damages to your vehicle.
4)Does car insurance renewal require inspection?
Yes but in the only case of a break-in policy.