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New India Assurance Vs Bajaj Allianz Car Insurance Comparison 2026

New India Assurance and Bajaj Allianz Car Insurance are the two leading insurance companies in India. One of the hardest decisions you will make is choosing the right car insurance plan. They all have similar features, but cost and coverage may vary.

Bajaj Allianz is a very affordable car insurance plan that provides basic coverage for you. New India Assurance is an insurance plan with a premium-based payment. It provides benefits like roadside assistance and accident cover in addition to travel benefits. The question then becomes - which one should you choose? In this article New India Assurance vs Bajaj Allianz Car Insurance comparison, we will help you to make an informed decision.

New India Assurance has been around for a long time and is considered one of the best car insurance companies in the India. On the other hand, Bajaj Allianz is an insurance company that works with multiple brands. They are considered one of the most reliable insurers in the country. Whether it is New India Assurance or Bajaj Allianz car insurance the best car insurance company always provides:-

  • Good coverage offered
  • Customization of add-ons
  • Best customer services
  • Claim settlement ratio
  • Better price
  • No. of cashless garages
  • Analyzing car insurance needs
  • Financial ability of the company
  • Third party liability coverage
  • Personal accident cover.

There are many things to consider when finding a good car insurance company. Some take into account the rate at which they settle claims, others look for a company with access to many cashless garages. When looking for a car insurance company, there are various factors that one should take into consideration to find the best one.

Key Points New India Assurance Car Insurance Bajaj Allianz Car Insurance
Claim Settlement Ratio 78.2% 68.06%
Cashless Garages 3000+ 6000+
Solvency Ratio 2.13 3.45
Branches 2214+ 1100+
Claims Settled 3.7 lakhs 1.92 lakh

The premiums are displayed according to your details, compare the quotes and buy the policy according to your needs and budget.

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Table of Contents:

New India Assurance Car Insurance:

New India Assurance Car Insurance is a leading provider of car insurance in India. New India Assurance Car Insurance is a company that offers car insurance for both new and used cars. New India Assurance Car Insurance is a company that offers car insurance for both new and used cars. It's one of the leading providers in the country with over 24,000 employees, 1.3 million customers, and an annual turnover of Rs. 600 crore.

New India Assurance Car Insurance provides cover against theft, fire, accidental damage to your vehicle, loss or damage to your vehicle while traveling abroad and accidents caused by third-party negligence among other things. Their policies are designed to suit your needs and budget.

Add-on/Riders
  • Zero Depreciation Cover
  • Road tax cover
  • No Claim Bonus
  • Engine Protect Cover
  • Towing Charges
  • Co-passenger Cover
  • Hydrostatic lock.
Types of Policies
  • Standalone OD (Own Damage)for Private Car
  • Private Car
  • Standalone CPA (Compulsory Personal Accident) Cover.
What is covered?
  • Loss or damage to accessories fitted in the vehicle such as stereos, fans, air-conditioners, etc.
  • Personal accident cover under private car policies for:
    • Passengers
    • Paid driver
  • Legal liability to employees.
  • Legal liability to non-fare paying passengers in commercial vehicles.

*Know more about New India Assurance Car Insurance Article*

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Bajaj Allianz Car Insurance:

Bajaj Allianz Car Insurance is a leading automobile insurance provider in India. It offers affordable insurance plans to its customers and has been offering the same for more than 80 years. Bajaj Allianz Team is here to help you navigate the journey of having your car insurance with a seamless process.

This policy covers the damages caused to the life and property of individuals, other than you, affected by an accident your car, unfortunately, becomes a part of. The other most common form of insurance is Comprehensive Car Insurance. It helps you cover the majority of the liabilities you might attract if your car gets damaged in social unrest, natural calamity, or even gets stolen in a case of theft.

Add-on/Riders
  • Zero Depreciation
  • Engine Protector
  • Consumable expenses
  • 24x7 Spot Assistance
  • Key and Lock Replacement
  • Personal Baggage
  • Conveyance Benefit
Types of Policies
  • Third Party Car Insurance
  • Comprehensive Car Insurance
  • Standalone Own Damage Car Insurance
What is covered?
  • Covers Expenses on Own Damages
  • Third Party Liabilities
  • Personal Accidents
  • Additional convenience
  • Extended benefits with Add-ons
  • Loss due to natural calamities
  • Loss due to man-made disasters
  • Personal accident cover.

*Know about Bajaj Allianz Car Insurance benefits and coverages in this Article*

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Comparison of New India Assurance Car Insurance vs Bajaj Allianz Car Insurance:

Two of India's most popular car insurance companies are New India Assurance and Bajaj Allianz. Both companies have been in business for decades and provide a reputation for trustworthiness & reliability.

New India Assurance Insurance and Bajaj Allianz are both great choices when choosing an insurance plan. Both companies offer a wide variety of benefits to their customers, and differ in several ways as well! Let’s take a look at the differences between these two plans, and see which one is better suited for your needs.

Distinguish New India Assurance Car Insurance Bajaj Allianz Car Insurance
Benefits
  • Third party liability covers up to 7.5 lakhs
  • The policy also pays for towing charges from the place of the accident to the workshop up to a maximum limit of Rs.300/- for Scooters/Motorcycles and Rs.1500/- for cars and commercial vehicles. 
  • A restricted cover is also available covering the risk of Fire and/or Theft only, in addition to the compulsory cover granted under the "Liability Only Policy".
  • Zero depreciation cover available
  • Get your car insurance within 3 minutes
  • Cashless claim facility
  • Claim process done within 20 minutes
  • Policyholders are eligible for 75% on account payment in case the cashless facility is unavailable.
  • Dedicated telephonic service is available 24×7 on holidays as well to provide support during claims settlement and for any other issues
  • In case a car gets damaged due to an accident, the towing facility is available
  • Policyholders can avail themselves of high standard service and get their cars inspected at selected workshops.
Features
  • Quick claim settlement
  • Instantaneous Purchase
  • Wide range of Add-ons
  • Claims are settled within 3 days of the application
  • The complaint is resolved within 15 days of acknowledgment
  • Claim payment is made within 3 days of discharge voucher receipt.
  • Voluntary excess discount
  • Anti-theft device installation discount
  • Online policy buying/Renewal, voluntary Excess discount
  • 24x7 Assistance
  • Policyholders are entitled to shift as much as 50% of their existing No Claim Bonus from their previous car insurance providers
  • The company is known for settling its claim in a record time.
  • There are numerous policies offered by this company for every consumer.
Highlights
  • New India Assurance is the first non-life insurance company to get an 18,000 Cr premium.
  • Been a market leader for four 4 decades.
  • New India Assurance is the only Global Insurance company with a presence in over 28 states.
  • New India Assurance has a total Assets of  61,720 Cr. and a total Net worth of 28,895 Cr.
  • New India Assurance Add-on covers
  • Get the New India Assurance add-on covers for extended benefits in case of any mishap.
  • Online policy issuance and renewal
  • 24x7 spot assistance available
  • Self-vehicle survey and instant claim settlement with Motor-on-the-spot.
Accessibility Online through PolicyBachat & New India Assurance Website. Online through PolicyBachat & Bajaj Allianz Website.
Premium Up to 85% Up to 75%

PolicyBachat insurance market is huge and offers a wide range of car insurance plans at economical rates. At present, several insurance companies provide reliable car insurance plans. The insurers offer unique features and personalized facilities to cater to different sorts of customer needs.

What is Covered & Not Covered in New India Assurance vs Bajaj Allianz Car Insurance?

However, some key differences make them stand out from each other. This article will help you decide which insurance company to go with, explains the pros and cons of both policies, and how they compare with each other.

Companies Advantages Disadvantages
New India Assurance
  • Death or bodily injury to a third party person.
  • Damage to third party property.
  • Covers loss or damage to the insured vehicle and its accessories due to:
  • Fire, explosion, self-ignition, or lightning.
  • Burglary, housebreaking, or theft.
  • Riot and Strike.
  • Malicious Act.
  • Terrorist Act.
  • Earthquake (Fire and Shock) Damage.
  • Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone, and Hailstorm.
  • Accidental external means.
  • Whilst in transit by road, inland waterway, lift, elevator or air.
  • By landslide/Rockslide.
  • Wear and tear, breakdowns
  • Consequential loss
  • Lose when driving with an invalid driving license or under the influence of alcohol.
  • Loss due to war, civil war, etc.
  • Claims arising out of contractual liability.
Bajaj Allianz
  • Own Damage Section:
    • Damage due to Fire, Explosion, Self Ignition or Lightning.
    • Burglary or House breaking or Theft.
    • Damage due to Riot and Strike.
    • Malicious damage
    • Earthquake including Fire & Shock
    • Damage due to Natural peril of Act of God such as Flood, Storm, Hurricane etc.
    • Damage due to accidental external means.
    • Damage due to Terrorist activity.
    • Damage caused to the car while in Transit by Rail, Road, and Inland waterway, Lift, Elevator or Air.
    • Damage due to Landslide / Rockslide.
  • Third Party Section:
    • Legal liability arising out of bodily injury / death of third parties involved in an accident with the insured car.
    • Property damage of third parties caused due to an accident involving the insured four wheeler car.
  • Personal Accident Cover:
    • Personal accident cover compensates in the event of death or disability of the owner/driver due to an unfortunate incident while travelling on the insured four wheeler car. The compensation under the personal accident cover of Bajaj Allianz car insurance policy would not exceed Rs.15 L.
  • Any accidental loss or damage and or liability caused or incurred outside the Geographical area;
  • Any claim arising out of contractual liability;
  • Any accidental loss or damage caused when the car is used
  • Loss or damage caused to the car when driven by a person without a valid driving licence or by a person other than the driver as stated in the Driver’s clause.
  • Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss.
  • Any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purpose of this exception combustion shall include any self-sustaining process of nuclear fission.
  • Any accidental loss or damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.

How to Buy Best Car Insurance Policy?

Compare car insurance policy rates online in India with PolicyBachat and select the one that meets most of your financial expectations. You can easily get multiple car insurance quotes online from the best car insurance companies in India.

  1. Fill required details at the top of this page, and select your car model, RTO Location, registration date, and email address.
  2. Click on the START SAVING MONEY
  3. Premiums with different insurance companies are displayed with low premiums
  4. Select required add-ons/riders and discounts, or
  5. Even you can edit policy details
  6. After that fill in the vehicle owner details and owner details
  7. Purchase the best car insurance policy using online payment
  8. If any queries are raised call: 1800-123-4003.

Conclusion:

This article has shown a better option financially for those looking for more affordable rates. Tips on how to save money on car insurance have also been provided. You'll learn the pros and cons of each plan, as well as the different impacts they can have on your monthly car insurance payment.

Check out New India Assurance & Bajaj Allianz Car Insurance as they provide discounts and lower premiums. To handle the financial consequences caused by unfortunate circumstances, it's best to get insurance. Compare New India Assurance & Bajaj Allianz for a comprehensive overview of coverage per feature to find the right policy for you.

When picking a best car insurance company for your car, you should consider the benefits. Make sure it is both similar to your needs and offers attractive discounts.

Updated On: 2023-04-03

Author : Team PolicyBachat

Frequently Asked Questions

New car insurance in India typically includes coverage for third-party liability as mandated by law, as well as own damage coverage that provides protection against damage to the car due to natural calamities, theft, and accidents. The own damage coverage may include a range of optional add-ons, such as engine protection, zero depreciation, roadside assistance, and personal accident cover for passengers. Some insurance providers also offer additional benefits for new cars, such as a higher IDV (insured declared value), longer policy terms, and coverage for accessories and modifications. It is important for car owners to carefully review their policies and understand the coverage and benefits provided by their new car insurance policy.

To cancel your New India Assurance Accident Insurance policy online, you should adhere to the specific cancellation procedure provided by the insurance company. It is advisable to refer to the official New India Assurance Accident Insurance website or directly contact their customer support for the most accurate and up-to-date information regarding policy cancellation. Follow these steps:

  • Visit the Website of New India Assurance Accident Insurance Company.
  • Navigate to the “Contact” or “Customer Service” section to find details about canceling your policy.
  • Locate the contact information for customer support or policy cancellation, such as a phone number, email address, or chat option.
  • Inform them of your intention to cancel your New India Assurance Accident Insurance policy and provide all the necessary identification details.
  • Carefully review the cancellation terms and conditions to understand any potential penalties or fees associated with the cancellation.
  • Check if there are any outstanding premiums that need to be paid before canceling, as some insurers may require it.
  • Once you have completed the necessary steps, request a written confirmation of the cancellation from the customer support representative. This can be done via email or by obtaining a cancellation reference number.
  • Remain keen by regularly monitoring your payment statements to ensure that no further premium payments are deducted after the cancellation has been processed.

To stop or cancel your New India Assurance General Insurance policy, you can follow these steps:

  • Contact the customer support team of New India Assurance General Insurance.
  • Inform them about your intention to stop or cancel your insurance policy.
  • Provide the necessary details, such as your policy number and personal information.
  • Follow any additional instructions or requirements provided by the New India Assurance customer support team to complete the cancellation process.

To stop your PolicyBachat policy as an existing customer, contact our customer support team through the toll-free number and inform them about your cancellation request.

To download a copy of your New India Assurance insurance policy in India using your vehicle number, you can follow these steps:

  1. Go to the New India Assurance company website click on ‘Download your policy’ and enter details like mobile number or email address. It will show your linked insurance policy documents.
  2. Visit the Insurance Information Bureau of India (IIB) official website, click on the ‘Motor’ tab, and enter your username & Password. By entering the vehicle number, you can download the copy.

After entering the vehicle number, the system will fetch the associated insurance details and present information like the policy number, insurer details, and policy period. You will then have the option to download or view the policy document, usually in PDF format. Just click on the appropriate option to access the policy document. If you have any inquiries or require support, do not hesitate to reach out to your insurance company directly using their toll-free number.

Yes, you can renew your car insurance before it expires, and it is the best option to do so. All insurance companies allow customers to renew their car insurance policy at least 45 days before the current policy expires. Therefore, even if you get your car's insurance policy renewed well before the existing policy's expiry date, the new car insurance policy will come into effect only after the older policy expires. If you call to renew your insurance within the first few days of expiration, there will not be any consequences. Be careful not to drive the car during that period as that could lead to damage.

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