Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

Compare Car Insurance Quotes

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

New India Assurance vs Universal Sompo Car Insurance:

Looking for New India Assurance vs Universal Sompo 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.

New India Assurance Company

New India Assurance Company is a Mumbai-based company that provides insurance 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 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 car insurance 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 car 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, natural calamity, 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.

Universal Sompo Car Insurance

For hassle-free claims with cheap insurance premiums get your policy online on Universal Sompo. An online insurance policy is helpful to get a discount on your motor insurance, the policyholder will get the insurance policy soft copy to their mail immediately.

Universal Sompo has received a Gross Premium of Rs.903 Cr for year-end. Issued policies. 6 Million Settled 1,11,787 policies as of March 31, 2016.

Universal Sompo General Insurance Company Limited is a joint venture of two nationalized banks Indian Overseas Bank and Allahabad Bank, a private sector bank Karnataka Bank, FMCG Corp Dabur Investment Group, and a leading General Insurance Company from Japan Sompo Nipponkoa Insurance Inc. formed as a General Insurance Company in partnership with the public sector, headquartered in Mumbai. Universal Sompo is the first public-private General Insurance Corporation.

Discount on Universal Sompo Car Insurance

Avail No-Claim Bonus for successful zero claims

Get a discount on your insurance policy for increasing your voluntary deductible.

Additional discount for installing anti-theft devices in your vehicle.

Discount for specially designed vehicles for blind, physically handicapped citizens, this is to encourage social cause.

Add-on cover for Universal Sompo Motor Insurance policy.

Features of Universal Sompo Car Insurance

The highest insurance claims settled with an average of 90%

More than 3500 network garages in Pan India

Get up to 7 years zero depreciation add-on cover without any cap on a number of claims.

Why Universal Sompo Car Insurance?

For hassle-free claims with cheap insurance premiums get your policy online on Universal Sompo. An online insurance policy is helpful to get a discount on your motor insurance, the policyholder will get the insurance policy soft copy to their mail immediately.

Get a Universal Sompo four-wheeler insurance policy online instantly without any documentation process, also, get a Universal Sompo car insurance renewal plan instantly online with 2 easy steps.

General insurance policy copy downloads or get assistance through Universal Sompo customer service toll-free number.

How to compare the best car insurance quotes

Comparing car insurance quotes from distinct carriers is a daunting process. PolicyBachat.com made your work easy by showing a comparison of genuine websites. Comparison of insurance online leads to cost efficiency due to low operating costs to maintain online.

PolicyBachat helps to calculate the pros and cons f the policy and buy the desired policy. Policy Bachat gives you the distinction between the carrier background, claim settlement 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 a car insurance policy by simple easy steps instantly.

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

Which is the best policy New India Assurance vs Universal Sompo?

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 Universal Sompo before concluding the right insurance policy. Configure the premium with the benefits availed on New India Assurance vs Universal Sompo, compare car insurance quotes from top insurers online on PolicyBachat.

Recent Posts

Reviews & Overall Rating

PolicyBachat has near-perfect ratings on Google and Facebook. Here’s what our customers are saying.

PolicyBachat Rating

Dots

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Leave a rating!

0.0 (0 votes)

Please wait while your request is being processed.