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29th February 2016, 05:21 PM
Super Moderator
Join Date: Apr 2013
Re: National Insurance Company Vehicle Insurance

Hello, here I am providing you the details of the car insurance offered by the National Insurance Company as under:

About the company:
National Insurance Company Limited (NICL) is a fully central government owned general insurance company based in India. The company headquartered at Kolkata was established in 1906 and nationalised in 1972. NIC's gross direct premium income has steadily grown to about INR9000 crores rupees in the financial year 2012-13.

Key Benefits
Cashless Claim Networks
Direct Cashless Claim settlement in network garages across India

You can avail attractive online discounts in additional to NCB

Accidental Cover /Customer Support
Accident to the occupants as also Increased legal liability to property damage of third party for a limit of Rs 7.5 lakhs

There are 2 types of covers available:
Liability Only cover -
Insures you against any legal liability following an accident involving your vehicle. It does not cover any damage to your vehicle.
The policy covers the following risks only.
Injury or Death of Third Party
Property Damage (TPPD upto Rs. 7.5 Lacs)

Package cover -
Insures all liabilities, as per the Motor Vehicles Act, as well as damages caused to your vehicle. The package policy is better and also known as Comprehensive Motor Insurance policy as it provides both third party coverage and damages/loss to one's own vehicle, co-passengers or self.
The policy covers Own Damage to the Insured vehicle caused by:-
Accident by External Means Fire, Explosion, Self Ignition and Lightning
Transit by Road, Rail, Inland Waterway, Air, Lift
Burglary, House breaking or Theft
Terrorism, Riots, Strikes or Malicious Acts
Earthquake, Flood, Storm, Landslide, Rockslide

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