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HDFC ERGO vs New India Assurance Car Insurance Comparison:

Looking for HDFC ERGO vs New India Assurance Car Insurance Comparison, Key Benefits, and Features to Buy best Car Insurance Policy.PolicyBachat is helping you find the best car insurance that fits your requirement. Comparing car insurance quotes from distinct carriers is a daunting process. 

Comparison of insurance online leads to cost efficiency due to low operating costs to maintain online. PolicyBachat helps to calculate the pros and cons of the policy and buy the desired policy. PolicyBachat gives you the distinction between the carrier backgrounds, incurred claim ratio, network garages to configure the right insurance policy.

Get the top carrier quotes to distinguish the best insurance plan in terms of premium, coverage, and holding experience in the insurance sector. At Policybachat, a user can buy/renew car insurance, health insurance, life insurance policies by simple easy steps instantly.

HDFC Ergo

One of the top-notch car insurance companies operating successfully in the Indian insurance market is HDFC Ergo, which proudly boasts of having one of the highest claim settlement ratios. It is a preferred brand throughout the country for car insurance because of its focus on customer satisfaction. In 2013, the company was recognized as the best general insurance company across India.

HDFC ERGO is a joint venture of HDFC Limited and ERGO International AG. HDFC ERGO Car Insurance Company is one of the top 5 car insurance companies in India which offers Car insurance solutions to customers.

Why choose HDFC Ergo for insuring your car?

  • Certain age groups and professionals can avail a host of discounts on their car insurance.
  • Members of the Automobile Association are also provided with certain discounts.
  • 1600+ network garages with cashless settlement facility.
  • No documentation.
  • Simple insurance purchase procedures.
  • Can purchase a policy online instantly.
  • Spontaneous claim settlement.
  • Dedicated customer support team.

Why HDFC ERGO Car Insurance?

Paperless process

No lengthy documentation process for buying HDFC ERGO Car insurance policy.

Trust ensured

HDFC insurance policy is trusted by millions of people, over 75 Lakhs happy customers. HDFC ERGO insurance highest claim settlement ratio indicates by ICRA. HDFC ERGO Car insurance tries hard to make insurance easier, more affordable, and more dependable.

Support Assistance

HDFC ERGO gives 24/7 support assistance to avoid any discrepancies. Reach HDFC ERGO Customer Care Service Number: 022 - 62346234 / 0120 – 62346234. Now you can get in touch with HDFC ERGO on WhatsApp at 73045 24888.

Technological Services

Nowadays everything is digital; HDFC ERGO car insurance has used robotic automatic and voice analytics for better customer experience and service. Customer service requests are operated by artificial intelligence (AI).

Features of HDFC ERGO car insurance policy

Cashless claim

Get cashless claims in all HDFC ERGO network garages in India, HDFC ERGO has more than 4800 network garages across India.

Online purchase

For the easy and fast process to buy car insurance policies online for immediate policy within 10mins.

Insured Declared Value

The insured declared value of the vehicle is calculated by depreciation from the selling price of the vehicle by the dealer. IDV is the maximum amount where an insurer has to pay at the time of total loss.

HDFC ERGO covers

1. Third-party liability

  • Damage to the third party either severe injury or death of a person.
  • Damage to third party  car insurance property

2. Own damage

  • Damage to vehicle
  • Burglary, vandalism, etc.
  • Damage caused due to self-ignition, fire, or explosion
  • Riots, terrorist acts, etc.
  • Floods, earthquakes, or any other natural calamities.

3. Personal accidental Cover

  • Personal damage to the policyholder and policy also co-passengers medical claim.

Extensive coverage with these Add-ons in HDFC ERGO Car Insurance

Get recommended add-ons for your comprehensive HDFC motor insurance policy for extensive coverage and hassle-free claims. Lower your risk of the financial burden by including the possible add-ons.

Zero depreciation cover

Claim settlement made without taking depreciation into account.

Engine & gearbox protection

HDFC insurance policy protects your car against damage to your engine/gearbox against unforeseen circumstances like floods, adverse weather conditions, etc.

No claim bonus protection

A policyholder can avail discount on current car insurance renewal due to successful no claim in the preceding year. No claim bonus also increased for every successful no claim till 5 years up to 50%.

Roadside assistance

HDFC Roadside Assistance add-on cover helps you to get assistance in case of a mechanical or electrical breakdown in highways or at late nights Roadside Assistance is used. Roadside assistance services include towing service, emergency fuel filling, tire replacement, battery jump-start, minor repairs at the spot, and alternate vehicle accommodation.

Key lock replacement

HDFC ERGO key lock replacement add-on helps you in assisting new key in case of loss of key, key misplacement, or stolen.

New India Assurance Car Insurance

New India Assurance Company is a Mumbai-based company that provides insurance customer service Globally, founded in Dorabji Tata in 1919 and was nationalized in 1973. New India Assurance Company is the largest General Insurance Company in terms of car insurance premium amount Globally. This amount of insurance.

Every car owner needs to possess a motor insurance policy as per the Motor insurance Act 1988. An owner should carry an insurance policy.

Car insurance policy can be availed under two situations

Primary, third-party liability insurance policy secures the policyholder from third-party accidental and property damage.

Third-party liability covered up to a maximum limit of 7.5 Lacs in case of accidental death.

Secondary, comprehensive car insurance policy protects from personal accident, damage to a vehicle the extent of a claim process depends on the policy you choose with the add-ons.

New India Assurance: Best for TP & Old Cars:

The New India Assurance Company is famously known for its Third-party coverage of any type of car and commercial vehicle. When most of the private insurance companies are avoiding the Third-party business due to the heavy loss ratio associated with it, New India Assurance Company has welcomed all classes of vehicles to be insured for the third party.

The third-party premium is decided by the Insurance Regulatory and Development Authority of India and is to be followed by every insurance company. The third-party section covers the loss of life or total disability of the third parties in an accident. The property damage to a third party is also settled under the Third-party section of car insurance.

In India, there are many vintage cars and old cars which are above 15 years of age, while most of the insurance companies restrict themselves from insuring the cars aged above 10 years New India Assurance Company ensures every car at any age depending on the fitness certificate and the registration validity obtained from the local RTO office.

Car insurance for cars aged above 15 years can be done from the New India Assurance Company by mutually deciding on the IDV, which is the maximum liability of the insurance company in the event of any claim.

The policyholder can cover the loss due to

  • Burglary, theft, and vandalism
  • Strikes or riots
  • Fire, explosion, and self-ignition
  • Malicious act and Terrorist act.
  • Flood, storm, hurricane, cyclone, etc.
  • Accidental damage through any other external factors

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 its 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.

New India Assurance Car Insurance Add-on Covers

Zero depreciation cover

Get zero depreciation cover to avail the optimum benefits at the time of claim settlement, get rid of depreciation at the expense of plastic, fiber, rubber, and glass parts. Get a 100% claim on these parts for repairs/ replacement.  

Roadside assistance

In case of an emergency breakdown of your vehicle, the New India team will assist you in emergency situations for fuel filling, towing, flat tires, and repairs.

Co-passenger cover

New India Assurance co-passenger cover avails you 2 lakhs personal accident cover and up to 1 lakh co-passenger cover.

Hydrostatic lock

In case of engine damage due to heavy rains or floods, the New India Assurance hydrostatic lock add-on cover helps to avail coverage of repairs and replacement of damaged parts. This add-on is applicable to vehicles aged less than 5 years.

Exclusions of New India Assurance car insurance policy

Drunk & Drive

Driving a vehicle under the influence of alcohol is an offense by a court of law and accidents made under influence of alcohol cannot be claimed.

Planned accident

Staged accidents are offenses, organized accidents to get the claim is void. In staged accidents, your entire policy will lapse.

Commercial use

If the policy is registered for personal use and the actual activity of the vehicle is for commercial use. Improper disclosure of vehicle, use will void the New India Assurance car insurance policy.

Valid license

If a person driving a vehicle without any valid license will lapse your entire policy and a policyholder cannot claim compensation for damage caused by wrong side driving.

As New India Assurance Company has a brand reputation in the market for claiming high premiums to the policyholders. As New India Assurance is the oldest and highly trusted company in the insurance sector most of the customers prefer this company because of its low insurance premium. New India Assurance has its own trusted customers who experience hassle fee claims.

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