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New India Assurance vs Bharti AXA Car Insurance Comparison:

Looking for New India Assurance vs Bharti AXA 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 settlement ratios, network garages to configure the right insurance policy.

New India Assurance vs Bharti AXA Car Insurance Comparison

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 a car insurance policy by simple easy steps instantly.

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 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.

Bharti AXA Car Insurance

Bharti AXA General Insurance Company is a joint project between Bharti enterprise an Indian conglomerate and AXA, a leading financial protection group in the world. Registered under IRDA and started its operations in August 2008.

We offer insurance solutions for a wide range of possibilities in distinct verticals motor, two-wheeler, health, travel, home, student travel.

Bharti AXA has a distinct approach with adverse possibility coverage solutions to a wide range of customers.

Features

Over 9.8 Million policies issued

Yea, we have issued 9.8 Million policies to our customers, our simple and paperless documentation process online helps issue insurance policies to our customers easily.

Claims settled

We settled 1.3 Million claims and stood as the best insurance company for immediate claim settlement. Bharti AXA team worked round the clock for hassle-free claim settlement without any delay, stringent rules have been implemented for fast claim settlement.

Our presence across India

We have 79 branch offices across India, a customer can find our branch offices in metro and 2nd tier cities to solve all queries related to insurance.

2500+ network garages

Our widespread network garages make our customers find the network garages near to their place to get the damage repairs done.

AXA Assistance

We are ahead in providing 24*7 worldwide assistance your abroad travel makes you stress-free by AXA assistance.

Bharti AXA Car insurance policy

Types of car insurance policies

Broadly, auto insurance policy is divided into 2 types for unpredicted damage loss

Third-party insurance

Damage caused to the third party in case f accident made by the policyholder and also third-party property damage is claimed.

IRDA (Insurance Regulatory Authority of India) has made a recent update in the premium for third party insurance.

capacity Premium
< 1000cc Rs.2,055
1,000cc -1,500cc Rs.3,132
> 1,500cc Rs.8,630

Note: The maximum limit of compensation is up to 7.5 Lakhs. The amount of compensation is determined by a court of law.

Comprehensive car insurance policy

Get claim assistance in case of damage to your vehicle in case of accident, theft, vandalism, floods, fire, damage caused by animals, and another natural calamity except for damage due to a collision. A comprehensive car insurance policy is claimed by the calculating value of the vehicle after deducting depreciation. Passenger/ driver damage claim is calculated as in case of disability is as follows:

Type of injury Claim level
Death  100%
Loss of one limb and one eyesight 50%
Loss of two limbs and full eyesight 100%
Permanent disablement  100%

Bharti AXA 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 Bharti AXA team will assist you in emergency situations for fuel filling, towing, flat tires, and repairs.

Co-passenger cover

Bharti AXA co-passenger cover avails you 2 lakhs personal accident cover and up to 1 lakh co-passenger cover.

Medical expenses

Get Bharti AXA medical expenses cover 10,000 0for treatment and medication.

Hydrostatic lock

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

Consumables cover

Expenses incurred claim ratio on consumables nuts, bolts, brake oil, engine oil are claimed in case of any damage repairs Bharti AXA consumables cover is helpful.

A policyholder can choose the required add-on to protect from any hazards, Bharti AXA gives you extensive add-on options for optimum coverage of your vehicle and personal too.

Exclusions of Bharti AXA 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 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.

Savings on Bharti AXA auto insurance premium

Bharti AXA policy avails you of a discount on your car insurance policy for passing specific guidelines.

No-claim bonus

No claim bonus is a discount given by policyholders for accidental-free driving. This discount is to encourage the safety of driving without any accidents.

Secured devices

Installation of secured devices like an anti-theft system, handle lock system decreases the risk of theft this, in turn, helps you to avails the discount.

AAI membership

A policyholder gets a 5% discount for being a member of the Automobile Association of India (AAI).

Which is the best policy New India Assurance vs Bharti AXA?

To protect the policyholder from unfortunate damages which make an adverse impact financially, it is better to be insured. Check all the features and benefits of New India Assurance vs Bharti AXA before concluding the right insurance policy. Configure the premium with the benefits availed on New India Assurance vs Bharti AXA, compare top car insurance company quotes from top insurers online on PolicyBachat.

PolicyBachat provides a comparison of top car insurance companies such as Tata AIG, New India Assurance, Bajaj Allianz, Royal Sundaram, Etc.  Refer to these comparisons before choosing the best car insurance companies in India. It also provides services on health insurance, life insurance, etc.

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