New India Assurance and Bajaj Allianz Car Insurance are the two leading insurance companies in India. One of the hardest decisions you will make is choosing the right car insurance plan. They all have similar features, but cost and coverage may vary.
Bajaj Allianz is a very affordable car insurance plan that provides basic coverage for you. New India Assurance is an insurance plan with a premium-based payment. It provides benefits like roadside assistance and accident cover in addition to travel benefits. The question then becomes - which one should you choose? In this article New India Assurance vs Bajaj Allianz Car Insurance comparison, we will help you to make an informed decision.
New India Assurance has been around for a long time and is considered one of the best car insurance companies in the India. On the other hand, Bajaj Allianz is an insurance company that works with multiple brands. They are considered one of the most reliable insurers in the country. Whether it is New India Assurance or Bajaj Allianz car insurance the best car insurance company always provides:-
- Good coverage offered
- Customization of add-ons
- Best customer services
- Claim settlement ratio
- Better price
- No. of cashless garages
- Analyzing car insurance needs
- Financial ability of the company
- Third party liability coverage
- Personal accident cover.
There are many things to consider when finding a good car insurance company. Some take into account the rate at which they settle claims, others look for a company with access to many cashless garages. When looking for a car insurance company, there are various factors that one should take into consideration to find the best one.
| Key Points |
New India Assurance Car Insurance |
Bajaj Allianz Car Insurance |
| Claim Settlement Ratio |
78.2% |
68.06% |
| Cashless Garages |
3000+ |
6000+ |
| Solvency Ratio |
2.13 |
3.45 |
| Branches |
2214+ |
1100+ |
| Claims Settled |
3.7 lakhs |
1.92 lakh |
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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Table of Contents:
New India Assurance Car Insurance:
New India Assurance Car Insurance is a leading provider of car insurance in India. New India Assurance Car Insurance is a company that offers car insurance for both new and used cars. New India Assurance Car Insurance is a company that offers car insurance for both new and used cars. It's one of the leading providers in the country with over 24,000 employees, 1.3 million customers, and an annual turnover of Rs. 600 crore.
New India Assurance Car Insurance provides cover against theft, fire, accidental damage to your vehicle, loss or damage to your vehicle while traveling abroad and accidents caused by third-party negligence among other things. Their policies are designed to suit your needs and budget.
| Add-on/Riders |
- Zero Depreciation Cover
- Road tax cover
- No Claim Bonus
- Engine Protect Cover
- Towing Charges
- Co-passenger Cover
- Hydrostatic lock.
|
| Types of Policies |
- Standalone OD (Own Damage)for Private Car
- Private Car
- Standalone CPA (Compulsory Personal Accident) Cover.
|
| What is covered? |
- Loss or damage to accessories fitted in the vehicle such as stereos, fans, air-conditioners, etc.
- Personal accident cover under private car policies for:
- Legal liability to employees.
- Legal liability to non-fare paying passengers in commercial vehicles.
|
*Know more about New India Assurance Car Insurance Article*
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Bajaj Allianz Car Insurance:
Bajaj Allianz Car Insurance is a leading automobile insurance provider in India. It offers affordable insurance plans to its customers and has been offering the same for more than 80 years. Bajaj Allianz Team is here to help you navigate the journey of having your car insurance with a seamless process.
This policy covers the damages caused to the life and property of individuals, other than you, affected by an accident your car, unfortunately, becomes a part of. The other most common form of insurance is Comprehensive Car Insurance. It helps you cover the majority of the liabilities you might attract if your car gets damaged in social unrest, natural calamity, or even gets stolen in a case of theft.
| Add-on/Riders |
- Zero Depreciation
- Engine Protector
- Consumable expenses
- 24x7 Spot Assistance
- Key and Lock Replacement
- Personal Baggage
- Conveyance Benefit
|
| Types of Policies |
- Third Party Car Insurance
- Comprehensive Car Insurance
- Standalone Own Damage Car Insurance
|
| What is covered? |
- Covers Expenses on Own Damages
- Third Party Liabilities
- Personal Accidents
- Additional convenience
- Extended benefits with Add-ons
- Loss due to natural calamities
- Loss due to man-made disasters
- Personal accident cover.
|
*Know about Bajaj Allianz Car Insurance benefits and coverages in this Article*
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Comparison of New India Assurance Car Insurance vs Bajaj Allianz Car Insurance:
Two of India's most popular car insurance companies are New India Assurance and Bajaj Allianz. Both companies have been in business for decades and provide a reputation for trustworthiness & reliability.
New India Assurance Insurance and Bajaj Allianz 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’s take a look at the differences between these two plans, and see which one is better suited for your needs.
| Distinguish |
New India Assurance Car Insurance |
Bajaj Allianz Car Insurance |
| 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".
|
- Zero depreciation cover available
- Get your car insurance within 3 minutes
- Cashless claim facility
- Claim process done within 20 minutes
- Policyholders are eligible for 75% on account payment in case the cashless facility is unavailable.
- Dedicated telephonic service is available 24×7 on holidays as well to provide support during claims settlement and for any other issues
- In case a car gets damaged due to an accident, the towing facility is available
- Policyholders can avail themselves of high standard service and get their cars inspected at selected workshops.
|
| 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.
|
- Voluntary excess discount
- Anti-theft device installation discount
- Online policy buying/Renewal, voluntary Excess discount
- 24x7 Assistance
- Policyholders are entitled to shift as much as 50% of their existing No Claim Bonus from their previous car insurance providers
- The company is known for settling its claim in a record time.
- There are numerous policies offered by this company for every consumer.
|
| 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.
|
- Online policy issuance and renewal
- 24x7 spot assistance available
- Self-vehicle survey and instant claim settlement with Motor-on-the-spot.
|
| Accessibility |
Online through
PolicyBachat & New India Assurance Website. |
Online through
PolicyBachat & Bajaj Allianz Website. |
| Premium |
Up to 85% |
Up to 75% |
PolicyBachat insurance market is huge and offers a wide range of car insurance plans at economical rates. At present, several insurance companies provide reliable car insurance plans. The insurers offer unique features and personalized facilities to cater to different sorts of customer needs.
What is Covered & Not Covered in New India Assurance vs Bajaj Allianz Car Insurance?
However, some key differences make them stand out from each other. This article will help you decide which insurance company to go with, explains the pros and cons of both policies, and how they compare with each other.
| Companies |
Advantages |
Disadvantages |
| New India Assurance |
- 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.
|
- Wear and tear, breakdowns
- Consequential loss
- Lose when driving with an invalid driving license or under the influence of alcohol.
- Loss due to war, civil war, etc.
- Claims arising out of contractual liability.
|
| Bajaj Allianz |
- Own Damage Section:
- Damage due to Fire, Explosion, Self Ignition or Lightning.
- Burglary or House breaking or Theft.
- Damage due to Riot and Strike.
- Malicious damage
- Earthquake including Fire & Shock
- Damage due to Natural peril of Act of God such as Flood, Storm, Hurricane etc.
- Damage due to accidental external means.
- Damage due to Terrorist activity.
- Damage caused to the car while in Transit by Rail, Road, and Inland waterway, Lift, Elevator or Air.
- Damage due to Landslide / Rockslide.
- Third Party Section:
- Legal liability arising out of bodily injury / death of third parties involved in an accident with the insured car.
- Property damage of third parties caused due to an accident involving the insured four wheeler car.
- Personal Accident Cover:
- Personal accident cover compensates in the event of death or disability of the owner/driver due to an unfortunate incident while travelling on the insured four wheeler car. The compensation under the personal accident cover of Bajaj Allianz car insurance policy would not exceed Rs.15 L.
|
- Any accidental loss or damage and or liability caused or incurred outside the Geographical area;
- Any claim arising out of contractual liability;
- Any accidental loss or damage caused when the car is used
- Loss or damage caused to the car when driven by a person without a valid driving licence or by a person other than the driver as stated in the Driver’s clause.
- Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss.
- Any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purpose of this exception combustion shall include any self-sustaining process of nuclear fission.
- Any accidental loss or damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.
|
How to Buy 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:
This article has shown a better option financially for those looking for more affordable rates. Tips on how to save money on car insurance have also been provided. You'll learn the pros and cons of each plan, as well as the different impacts they can have on your monthly car insurance payment.
Check out New India Assurance & Bajaj Allianz Car Insurance as they provide discounts and lower premiums. To handle the financial consequences caused by unfortunate circumstances, it's best to get insurance. Compare New India Assurance & Bajaj Allianz for a comprehensive overview of coverage per feature to find the right policy for you.
When picking a best car insurance company for your car, you should consider the benefits. Make sure it is both similar to your needs and offers attractive discounts.