Car insurance is essential for protecting your vehicle against unforeseen circumstances. HDFC ERGO and National Car Insurance are two prominent insurance providers offering a range of coverage options. In this article, we will compare the key features, coverage, pricing, and customer service of HDFC ERGO and National Car Insurance, helping you make an informed decision when selecting an insurance provider for your car.
HDFC ERGO and National are two of the most popular car insurance companies. They were in the industry for over a decade and offer multiple products. Their services have been compared because they provide similar offers in terms of cost, coverage, etc. Both HDFC ERGO and National Car Insurance companies have a wide range of cover options, a dedicated customer service team, and an easy claim process. If you are looking for insurance that fits your needs and budget, these are two great options.
| Key Features |
HDFC ERGO Car Insurance |
National Car Insurance |
| Premium |
Starts at Rs. 2072 |
Starts at Rs. 2094 |
| No Claim Bonus (NCB) |
Up to 50% discount |
Up to 50% discount |
| Claim Assistance |
24x7 claim assistance, Quick and Easy |
Quick and hassle-free claim settlement |
| Easy Claims |
Overnight repair service is also available for claims |
Hassle free claims of less than 5 days. |
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HDFC ERGO Car Insurance:
HDFC ERGO General Insurance Company Limited is a joint venture between HDFC Ltd. and ERGO International AG. With a strong presence in the insurance industry, HDFC ERGO has established a reputation for its reliable services and customer-centric approach. The company offers a wide range of insurance products, including car insurance, to cater to the diverse needs of customers.
Types of HDFC ERGO Car Insurance Coverage offered:
- Third-Party Liability Coverage: This coverage protects against legal liabilities arising from third-party property damage or bodily injury caused by your car.
- Own Damage Coverage: This coverage provides protection against damages to your own vehicle due to accidents, theft, natural disasters, or fire.
- Personal Accident Cover: HDFC ERGO offers personal accident cover that provides financial compensation in the event of accidental death or disability of the insured person.
Additional Features and Benefits:
- No Claim Bonus (NCB): HDFC ERGO provides NCB benefits, where policyholders are rewarded with a discount on premium for every claim-free year.
- Add-on Coverage Options: HDFC ERGO offers various add-on covers such as Zero Depreciation, Engine Protector, Return to Invoice, and more, allowing policyholders to enhance their coverage based on their requirements.
- 24x7 Roadside Assistance: HDFC ERGO provides round-the-clock roadside assistance services, including towing, fuel delivery, flat tire assistance, and more, ensuring help is just a phone call away.
| What is Covered? |
Add-ons/Riders |
Types of Policies |
- Physical Injury
- Death of an Individual
- Damage to the Property
- Personal Accident Cover
- A comprehensive Car Insurance policy covers
- accidents,
- natural/man-made calamities,
- fire and explosion,
- theft, etc.
- Get Instant Quotes
- Payment Reminders
- Instant Coverage
- Quick Issuance
- Zero paperwork
- Convenience
- Control over coverages
- 24x7 customer service.
|
- Zero Depreciation cover
- No Claim Bonus Protection
- Emergency Assistance Cover
- Downtime protection
- Engine and gearbox protection
- Return to Invoice.
|
- Comprehensive Car Insurance
- Third Party Car Insurance
- Standalone Own Damage Cover
- Private Car Bundle Policy.
|
*Know more about the HDFC ERGO Car Insurance*
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National Car Insurance:
National Car Insurance, also known as National Insurance Company Limited, is a prominent general insurance company in India. It is one of the oldest insurance providers in the country with a strong presence and a reputable record of accomplishment. The company is known for its extensive range of insurance products and services.
Types of National Car Insurance Coverage Offered:
- Third-Party Liability Coverage: National Car Insurance provides coverage for legal liabilities arising from third-party property damage or bodily injury caused by your vehicle.
- Own Damage Coverage: This coverage protects your vehicle against damages caused by accidents, theft, fire, natural disasters, and other specified perils.
- Personal Accident Cover: National Car Insurance offers personal accident cover that provides financial compensation in the event of accidental death or disability of the insured person.
Additional Features and Benefits:
- Cashless Claim Facility: National Car Insurance provides a cashless claim facility, where policyholders can avail of repair services at network garages without paying cash upfront.
- No Claim Bonus (NCB): Policyholders with National Car Insurance can earn a No Claim Bonus for every claim-free year, leading to a reduction in premium during policy renewal.
- Add-on Coverage Options: National Car Insurance offers various add-on covers such as Zero Depreciation, Engine Protector, Return to Invoice, and more, allowing policyholders to customize their coverage as per their needs.
| What is Covered? |
Add-ons/Riders |
Types of Policies |
- Loss incurred by the insured’s car in the following events:
- Burglary or theft
- Riot and strike
- Terrorist Act
- Fire, explosion, or lightning
- Earthquakes, floods, typhoons, hailstorms, etc.
- Rockslide or landslide incidents
- Accidental external means and so on.
- Injury or death of third party due to an accident involving the insured’s car
- A compensation of up to Rs 7.5 lakh for third party property damages.
|
- Liability only cover
- Package cover
- NCB protection
- Return to Invoice value protection
- Engine Protection
- Key & lock Protection
- Consumables Protection
- Roadside Assistance
|
- Private car liability policy
- Private car package policy.
|
*Know more about the National Car Insurance*
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Pros & Cons of HDFC ERGO Car Insurance and National Car Insurance:
A. HDFC ERGO's Strengths and Weaknesses:
Strengths:
- Strong Reputation: HDFC ERGO has a reputable standing in the insurance industry, known for its reliable services and customer-centric approach.
- Comprehensive Coverage Options: The company offers a wide range of coverage options, including add-on covers, allowing policyholders to customize their insurance plans according to their specific needs.
- No Claim Bonus (NCB): HDFC ERGO rewards policyholders with NCB benefits for claim-free years, resulting in a reduction in premium during policy renewal.
- 24x7 Roadside Assistance: The availability of round-the-clock roadside assistance ensures policyholders receive timely help and support in case of emergencies.
Weaknesses:
- Pricing: The premiums offered by HDFC ERGO may sometimes be higher compared to other insurance providers, depending on factors such as the insured vehicle's make, model, and location.
- Claim Settlement Time: There have been occasional reports of delays in the claim settlement process, which may cause inconvenience for some policyholders.
B. National Car Insurance's Strengths and Weaknesses:
Strengths:
- Established Legacy: National Car Insurance is one of the oldest insurance providers in India, with a long-standing presence and experience in the market.
- Wide Network: The company has a vast network of authorized garages and service centers, offering convenience to policyholders in terms of repairs and claim settlement.
- Competitive Pricing: National Car Insurance is often known for its competitive premium rates, making it an attractive choice for cost-conscious customers.
- Cashless Claim Facility: The availability of a cashless claim facility enables policyholders to have hassle-free claim settlements at network garages.
Weaknesses:
- Limited Add-On Covers: Compared to some other insurance providers, National Car Insurance may have a relatively smaller selection of add-on coverage options.
- Customer Service: Some customers have reported occasional issues related to customer service, including delays in response and difficulty in reaching customer support.
It's important to note that these strengths and weaknesses are based on general observations and feedback, and individual experiences may vary. It's advisable to thoroughly research and consider all relevant factors before making a decision regarding car insurance.
Comparison of HDFC ERGO Car Insurance and National Car Insurance:
Both HDFC ERGO vs National Car Insurance Companies offer a wide range of cover options with a low premium, has a dedicated customer service team that helps customers get the best deal possible, and offer an easy claim process.
We explained in detail the difference between HDFC ERGO insurance company and National Car Insurance. The comparison will be done based on various factors such as claims, customer service, policy cost, and more.
| Key Points |
HDFC ERGO Car Insurance |
National Car Insurance |
| Claim Settlement Ratio |
70.02% |
78.55% |
| Cashless Garages |
6800+ |
3100+ |
| Solvency Ratio |
1.90 |
0.62 |
| Branches |
200+ |
373+ |
| Claims Settled |
1 crore |
2.3 lakhs |
More Benefits, Features, and Highlights of HDFC ERGO and National Car Insurance:
Two of India's most popular car insurance companies are HDFC ERGO and National. Both companies have been in business for decades and provide a reputation for trustworthiness & reliability. HDFC ERGO and National 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 us look at the differences between these two plans, and see which one is better suited for your needs.
| Differences |
HDFC ERGO Car Insurance |
National Car Insurance |
| Accessibility |
Online through PolicyBachat & HDFC ERGO Website. |
Online through PolicyBachat & National Website. |
| Benefits |
- Third Party Damages: It covers personal accidents, third party injuries, and property damages
- Own Damage Covers: It Covers accidents, fire & explosion, theft, and calamities
- No Claim Bonus: The No Claim Bonus (NCB) covers up to 50%.
- Personal Accident Cover: It covers you up to Rs. 15 lakhs.
- Comprehensive Car Insurance: It covers you against accidents, natural/manmade disasters, In-transit damages, fire and explosion, theft, and personal accidents cover.
- Paperless Process: No lengthy documentation process for buying an HDFC ERGO car insurance policy.
|
- Coverage of Rs.2 lakh for the owner-driver in case of a permanent total disability or an accidental death on a premium of Rs.100.
- Passenger Personal Accident cover: Passenger Personal Accident cover can be availed with 100 Rs/person for a Sum Insured of Rs.2, 00,000 for each of the occupants.
- Legal liability for Paid driver: Liability cover with a premium of 50 Rs/annually for the paid-driver
- No claim Bonus covers up to 50%.
|
| Features |
- Easy on your pocket
- Cashless Assistance
- With over 1.5 crore+ happy customers
- Overnight Repair Services for minor accidental damages or breakdowns
- ISO certification for policy issuance, customer servicing, and seamless information security processes
- ICRA recognized IAAA rating and highest claim-paying ability
- Overnight car repair services
- 1 crore+ secured and satisfied customers
- Upgraded Policies and plans to cover most risks your car may be subjected to
- Paperless and time-saving online transactions option
- Excellent automated and round the clock customer support
- 24*7 customer support helpline.
|
- Instant car insurance renewal Hassle-free instant zero paperwork renewal
- Claim settlement Quick and hassle-free claim settlement
- Claim Assistance Service 24x7 claim assistance
- Decision on claims approval within 7 working days from the receipt of all documents.
|
| Highlights |
- This plan offers doorstep repair service for the customers.
- Roadside assistance is also covered in this plan.
- Overnight Car Repair Service
- Unlimited Claims Service
- 20 Minute Claim Approval Process.
|
- National Insurance is the First Company to introduce the “Office on Wheels in India”.
- National Insurance Provides 24x7 Live Chat Support.
- Discounts are also offered for vehicles that have anti-theft or other security devices installed.
|
Confused Where to Compare and Buy your Car Insurance Policy Checkout Here:
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.
Long Story Short:-
In conclusion, the comparison between HDFC ERGO and National Car Insurance reveals that both insurers have their unique strengths and weaknesses. HDFC ERGO stands out for its strong reputation, a wide range of coverage options, and additional benefits like 24x7 roadside assistance. On the other hand, National Car Insurance has a reputable track record, an extensive range of insurance products, and features such as a cashless claim facility. When selecting between the two, customers should consider their specific coverage needs, pricing, reputation, customer service, and additional benefits to make an informed decision that aligns with their requirements.