Among the top insurance companies in India, New India Assurance and Royal Sundaram stand out. Selecting the ideal car insurance plan can be challenging, as they offer comparable features while differing in cost and coverage options.
Looking for an affordable car insurance plan with basic coverage? Royal Sundaram fits the bill. On the other hand, New India Assurance offers premium-based payment, along with benefits like roadside assistance, accident cover, and travel benefits. So, which one should you choose? In this article, we will compare New India Assurance and Royal Sundaram Car Insurance to help you make an informed decision.
With a long-standing presence, New India Assurance has established itself as a premier car insurance company in India. In contrast, Royal Sundaram collaborates with various brands and is renowned for its reliability in the insurance sector. Regardless of whether you choose New India Assurance or Royal Sundaram car insurance, the top-notch providers always prioritize the following aspects:
- Better price
- Claim settlement ratio
- Good coverage offered
- Customization of add-ons
- Best customer services
- No. of cashless garages
- Analyzing car insurance needs
- Financial ability of the company
- Third-party liability coverage
- Personal accident cover.
Finding the right car insurance company requires careful consideration of several factors. Factors such as claim settlement speed and availability of cashless garages play a crucial role. It is important to evaluate these aspects and more in order to identify the best car insurance provider for your needs.
| Key Points |
New India Assurance Car Insurance |
Royal Sundaram Car Insurance |
| Claim Settlement Ratio |
78.2% |
87.89% |
| Cashless Garages |
3000+ |
4600+ |
| Solvency Ratio |
2.13 |
1.59 |
| Branches |
2214+ |
165+ |
| Claims Settled |
3.7 lakhs |
1.5 Million |
*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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New India Assurance Car Insurance:
New India Assurance Car Insurance is a prominent car insurance provider in India, catering to both new and used cars. With a workforce of over 24,000 employees, a customer base of 1.3 million, and an impressive annual turnover of Rs. 600 crores, it stands as one of the leading companies in the country. Their comprehensive coverage includes protection against theft, fire, accidental damage, loss or damage during international travel, and accidents caused by third-party negligence. New India Assurance Car Insurance offers policies tailored to meet your specific requirements and financial considerations.
Coverage & Benefits:-
New India Assurance offers a wide range of Coverages & benefits to enhance your car insurance policy.
Wide Coverages:-
- 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.
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”.
Features & Highlights:-
New India Assurance provides an extensive array of features and highlights that enhance the value and benefits of your car insurance policy.
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.
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.
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Royal Sundaram Car Insurance:
Royal Sundaram General Insurance Co. Limited, formerly known as Royal Sundaram Alliance Insurance Company Limited, obtained its license from the Insurance Regulatory and Development Authority (IRDA) in October 2000, making it the pioneering private sector general insurance company in India. Initially established as a joint venture involving Sundaram Finance, a highly respected non-banking financial institution (NBFC) in India, and other Indian shareholders, Royal Sundaram boasts a workforce of over 2000 employees, serves 28 million customers, operates 158 branches nationwide, and offers its products through diverse distribution channels, including agents, partners, brokers, and online platforms.
Coverage & Benefits:-
Royal Sundaram provides an extensive array of coverage options and benefits to enhance the value of your car insurance policy.
Wide Coverages:-
- Free roadside assistance
- Automobile association of India membership discount
- Voluntary deductible discount.
- Damages sustained by the insured car due to fire, ignition, or explosion
- Accidental damage caused due to external force or act
- Natural calamities like storms, floods, typhoons, etc.
- Burglary, theft, housebreaking, etc.
- Acts of Terrorism, and malicious acts.
- Any legal liability arising out of damages caused to third-party property, vehicle or injury, or death claim in case of life
- Personal accident cover.
Benefits:-
- No Claim Bonus (NCB) cover is Up to 50%
- Personal accident cover for all passengers and paid driver up to Rs. 50 lakh
- Legal Liability for paid driver
- Legal liability for passengers
- Comprehensive cover for electrical/electronic/non-electrical fittings
- Cover for CNG kit and Bi-fuel system.
Features & Highlights:-
Royal Sundaram offers a wide range of features and highlights that enrich the value and advantages of your car insurance policy.
Features:-
- Minimal Documentation
- Protection from inflation (No need to pay an extra amount even an increase in Third Party premium)
- Quick claim settlement
- Vehicle replacement value plus
- Quick Claim Settlement Process within 10 working days.
Highlights:-
- 24x7 valet care emergency assistance and cashless service
- 100% simplified claims and hassle-free claims done in less than 5 days
- M-inspect app digital service to the comfort of your home
- A one-stop app for all policy details, claim processes, and other requests through M-CHATRA App.
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Comparison of New India Assurance Car Insurance vs Royal Sundaram Car Insurance
New India Assurance and Royal Sundaram, renowned car insurance companies in India with long-standing reputations for trustworthiness and reliability, offer a diverse range of benefits to their customers. While both companies are excellent options, they have distinct features and advantages. Let us explore the differences between these plans to determine which one aligns better with your specific needs.
|
Distinguish |
New India Assurance Car Insurance |
Royal Sundaram Car Insurance |
| Types of Policies |
- Standalone OD (Own Damage)for Private Car
- Private Car
- Standalone CPA (Compulsory Personal Accident) Cover.
|
- Standalone Own Damage Car Insurance
- Comprehensive Car Insurance
- Standalone Third Party Car Insurance
|
| Add-ons/ Riders |
- Zero Depreciation Cover
- Road tax cover
- No Claim Bonus
- Engine Protect Cover
- Towing Charges
- Co-passenger Cover
- Hydrostatic lock.
|
- Full Invoice Price Cover
- No Claim Bonus (NCB) Protector
- Tyre Cover
- Key Protector
- Depreciation Waiver Cover
- Loss of baggage Cover
- Windshield Glass Cover
- Spare car clause
- Voluntary deductible cover
- Engine protector cover
- Life time road tax clause.
|
| Extra Coverages |
- 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.
|
- Premium Discounts
- Cashless repair facility
- Excellent customer service.
- Third party Liability is up to 7.5 lakhs
- Personal Accident Cover is up to 15 Lakhs
- No Claim Bonus: 50%
|
| Extra Coverages |
Online through
PolicyBachat & New India Assurance Website. |
Online through
PolicyBachat & Royal Sundaram Website. |
| Premium |
Save Up to 85% |
Save Up to 80% |
Where to Compare Quotes and Buy Your 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.
- Fill required details at the top of this page, and select your car model, RTO Location, registration date, and email address.
- Click on the START SAVING MONEY
- Premiums with different insurance companies are displayed with low premiums
- Select required add-ons/riders and discounts, or
- Even you can edit policy details
- After that fill in the vehicle owner details and owner details
- Purchase the best car insurance policy using online payment
- If any queries are raised call: 1800-123-4003.
Conclusion:
Safeguard yourself from unexpected financial setbacks by opting for insurance coverage. Evaluate the features and benefits of New India Assurance vs Royal Sundaram to choose the right policy. Calculate premiums based on the benefits offered by both insurers and compare quotes from top car insurance companies online on PolicyBachat. Select the company that aligns with your desired features and benefits. Prioritize gathering all necessary information to make an informed decision and opt for the insurer that offers the best coverage at good prices.