National Two-wheeler Insurance 

National Insurance Firm Limited (NICL) is a general insurance company that is owned by the Indian government. It is controlled by the Government of India’s Ministry of Finance. Its tagline is “Trusted Since 1906,” which is written in italics. The firm, based in Kolkata, was founded in 1906 by Gordhan Das Dutia and Jeevan Das Dutia, and it was nationalized in 1972 together with National Insurance Company and Asian Insurance Company. In 2002, the General Insurance Business (Nationalization) Amendment Act created National Insurance Corporation Limited as a separate company. NIC inked an arrangement with Nainital Bank in April 2004 to distribute its general insurance products through the bank’s offices in Uttarakhand, Haryana, and New Delhi. The National Insurance company offers a wide range of Insurance Plan Such as Two-Wheeler Insurance, Car Insurance, Travel Insurance, Health Insurance, and Many More

NICL’s portfolio comprises a plethora of general insurance plans supplied to a diverse range of consumers from all sectors of the economy. In addition to being a significant insurance company in India, NICL also covers certain regions of Nepal. 

List of best National Two-wheeler Insurance

Two-wheelers have long been recognized as significant assets in our lives. Driving a two-wheeler, on the other hand, is always perilous and risky, and one must constantly be cautious and cautious. Accidents can occur at any time due to someone else breaking the laws of the road or other unforeseen circumstances. Not only that, but natural disasters might strike at any time, necessitating the need for protection/security against such adversity. That is why, in order to protect oneself and pay for any unforeseen expenditures, one should obtain vehicle insurance coverage.  

NICL, like any other insurance company, offers a comprehensive range of two-wheeler insurance coverage. Let’s look at some of the plans in detail. 

Third-party two-wheeler insurance 

Third-party liabilities that arise as a consequence of an accident are covered and compensated by NICL’s Third Party Two-Wheeler Insurance policy. To comply with the Indian Motor Vehicles Act, 1988, every two-wheeler owner in India is required to acquire third-party two-wheeler insurance. To comply with the Indian Motor Vehicles Act, 1988, every two-wheeler owner in India is required to acquire third-party two-wheeler insurance. The rider is especially advantageous to the two-wheeler owner in terms of legal protection because the third-party two-wheeler insurance policy protects both the two-wheeler owner and the other parties involved in the catastrophe. This type of two-wheeler insurance covers third-party responsibility in the case of an unforeseeable occurrence that causes physical harm, death, or property damage to a third party. 

While the amount of compensation for third-party physical injury/death is determined by a court of law, compensation for third-party property damage is restricted to Rs. 1 lakh. According to the Indian Motors Tariff 2002, every two-wheeler owner in India is required to obtain at least third-party two-wheeler insurance. Purchasing a third-party two-wheeler insurance coverage online is safe and simple. 

Comprehensive two-wheeler insurance  

It protects your bike against natural disasters, fire, accidents, landslides, rockslides, man-made calamities, terrorist and malicious actions, strikes and riots, home breaking, burglary, fire, self-ignition, explosion, and so on. NICL pays an amount insured of Rs.1 lakh to the insured vehicle’s owner-driver in the event of permanent complete disability or to the beneficiary in the event of accidental death. 

According to the legislation (Indian Motor Vehicles Act, 1988), having at least a third-party liability two-wheeler insurance coverage is required in India. However, it is recommended that you acquire a comprehensive bike insurance policy. This is why: 

  • The roads in India are not at all bike-friendly. 

  • A single accident may leave you financially and emotionally drained. 

  • You might face incarceration as well as a stiff punishment. 

  • Legal requirements will increase the amount of stress in your life. 

  • Medical care and hospitalization are costly. 

  • Owner Damage Two-Wheeler Insurance 

This coverage, as the name implies, covers your personal damage to the bike in the event of a disaster. A standalone own damage bike insurance policy is a form of two-wheeler insurance policy that protects you against damage to your own bike rather than the third party involved in the collision. In the event of an accident, your Own Damage Two-Wheeler Insurance coverage will reimburse you for the costs of repairing or replacing parts of your two-wheeler that were damaged in the accident. 

The following are the key scenarios that fall under own damage: 

  • Vehicle damage or loss caused by an accident. 

  • The insured two-wheeler was stolen. 

  • Natural calamities cause vehicle loss or damage. 

  • Loss or damage to the car caused by man-made disasters such as riots, strikes, and so on. 

The following items are excluded from standalone own damage two-wheeler insurance 

Third-Party Liability: Only losses or damages caused by one’s own vehicle are covered by standalone own damage bike insurance. 

Consequential Damages: Damages to the bike that occurred as a result of an accident rather than as a result of the event itself. 

Contributory Negligence: If the policyholder performs anything they were not meant to do on purpose, their two-wheeler will not be protected. 

National Bike Insurance- Reviews and Accolades

National Insurance Company is supported by a large network of garages. Additional add-on coverage broadens the policy’s reach. The comprehensive package that National Insurance Two-Wheeler Insurance provides for your prized two-wheeler provides you with financial security when it comes to protecting your two-wheeler. The certainty of claims settlement and the resulting peace of mind is unparalleled. If you trust in and rely on great claim settlement and customer care, National Insurance Two-Wheeler Insurance should be your first pick. 

  • National Insurance is the first company in India to deploy an office on wheels. 

  • It is a pioneer in India for Bancassurance and Auto tie-ups, as well as a prominent insurer for Social Schemes. 
  • Several national and international accolades have also been bestowed upon the company, including the Economic Times Iconic Brands 2018 (General Insurance Category), the SKOCH order of merit 2017 for General Insurance Company of the Year, and The Asset Asian awards 2017 for cash management solutions. 

Important Benefits of National Bike Insurance

National Insurance two-wheeler policies include the following distinctive characteristics and benefits: 

  • Purchase and renewal of two-wheeler insurance online. 

  • Provides two-wheeler insurance coverage as well as personal accident insurance for co-passengers up to Rs 1 lakh. 

  • Low-cost plans with customized coverage. 

  • Cashless claim solution that is quick and easy to use. 

  • There is also a No Claim Bonus available. 

  • Process of settling claims is more rapid and efficient. 

  • Online tracking of claim status via the company website. 

  • Existing No Claim Bonuses from other insurers can be transferred. 

National Bike Insurance Care Numbers / Contact details

Head Office: 3, Middleton Street, Prafulla Chandra Sen Sarani, Kolkata, West Bengal, 700071. 
Telephone: 22831705  

Fax: 22831740 

  • Report any scams to faf@nic.co.in 

  • If you have any questions about the Customer Portal, email customer.portal@nic.co.in 

  • If you have any questions about the Intermediary Portal, contact agent.portal@nic.co.in 

  • Contact at customer.support@nic.co.in if you have any more questions 

Features of National Bike Insurance

24×7 Emergency Assistance: A dedicated support crew is available at all times to assist you in the event of an emergency. 

3,100+ Network Garages: Garages can be found in your neighborhood. 

Paperless System: There is no need for extensive papers to obtain Two-Wheeler insurance coverage; everything is available online. 

Unlimited Claims: Policyholders can make claims at any time and with no trouble. 

300+ Insurance Goods & Services: There is a wide range of insurance products & services from which to pick. 

National Bike Insurance Coverage

There are two types of coverage offered under the plan, namely: 

Liability Only Coverage: This plan covers any legal liability incurred as a result of an accident.  

Package Coverage: This plan covers all obligations as defined by the Motor Vehicles Act, as well as vehicle damage. It is a comprehensive Motor Plan that covers both third-party risks as well as loss or damage to one’s own car, co-passenger, or self. The plan includes coverage for Own Damage to the Insured Vehicle caused by the following: 

  • Third-Party Injuries or Death 

  • Property Detriment (Third Party Property Damage up to Rs. 7.5 lakhs) 

Burglary, Housebreaking, or Theft: This plan protects you against the loss or damage caused by a burglary, housebreaking, or theft. 

Fire, Explosion, Self-Ignition, or Lighting: This plan covers the expenditures that are unavoidable in the event of a fire or explosion. Lighting as well as self-ignition 

Malicious Act: The Plan also addresses the Malicious Act. 

Terrorist Act: The Plan also addresses the Terrorist Act of human behavior. 

Riots and Strikes: Riots and strikes are also addressed under this strategy. 

Earthquake & Fire: Because earthquakes and fires are considered the most prevalent phenomena in a life cycle, this plan includes coverage for these two major unpleasant catastrophes. 

  • Accidental as a result of external factors. 

  • This plan also covers natural disasters such as flood, typhoon, hurricane, storm, cyclone, hailstorm, tempest, and inundation. 

  • The Package Plan includes coverage for landslides and rock slides. 

Subject to depreciation deductions at the rates specified below for the parts replaced: 

  • 50% off all rubber/nylon/plastic parts, tyres, tubes, and batteries 

  • 30% for fiber glass components 

  • Nil for all glass components 

Exclusions of National Bike Insurance

The following are some of the things that the National Insurance two-wheeler insurance policy does not cover: 

  • Any claims resulting from a contract. 

  • Normal wear and tear on the bike. 

  • Any loss or damage to the vehicle, as well as any liability incurred as a result of deliberate carelessness. 

  • Damage or loss caused to a car by a driver who is under the influence of alcohol or drugs while operating the vehicle on the road. 

  • Damage/loss incurred or responsibility incurred as a result of property damage arising from any consequential loss 

  • Damage/loss or responsibility resulting directly or indirectly from radioactive pollution or ionizing radiations emitted by any nuclear power plant, nuclear waste, or nuclear materials. 

  • Accidental loss/damage/liability resulting from war or warlike actions, hostilities, invasion, civil war, military power, mutiny insurrection, acts of foreign adversaries, and events resulting from the foregoing occurrences. 

  • Depreciation, wear and tear, mechanical or electrical breakdown are all examples of consequential loss. 

  • Damage to consumable equipment such as tyres is restricted to 50% only if the vehicle is also damaged. 

  • Any loss or damage to the vehicle, as well as liabilities, that occurs outside of the geographical boundaries specified in the policy contract. 

How to renew National Bike Insurance

Every two-wheeler insurance coverage must be renewed before the expiration date. If the policy is not renewed on time, the policyholder will be unable to file claims and would forfeit insurance advantages such as the No Claim Bonus. The good news is that NICL’s two-wheeler policies can be renewed online. Furthermore, the procedure is exceedingly simple and painless. Examine the national insurance bike renewal procedure below: 

  • Navigate to the website’s two-wheeler policy renewal area. 

  • Enter the prior policy number as well as the policyholder’s information. 

  • Examine the two-wheeler insurance policy that will be obtained. 

  • Select the additional covers to be purchased. 

  • Online payment for National Insurance bike renewal 

  • When the payment is completed, the policyholder will be notified about insurance renewal. 

How to claim National Bike Insurance

NICL’s claim service is really efficient and of great quality. One can file a claim 24 hours a day, seven days a week. Timely customer service and help, as well as the survey and additional aid within a day. Simple claims procedure and achieving great client satisfaction 

  • Call the company’s toll-free number to file a claim. The following information must be provided: 

  • Policy Number 

  • The date and time of the accident 

  • Estimated loss/description 

  • Our loss assessor can survey the car at the survey location. 

  • Name of the driver, contact information, and driving license information 

  • Contact Information for Those Who Are Insured 

  • The claim representative will call the insured individual to discuss the next steps. 

  • The claim representative will offer the claim reference number for future reference. 

  • After the claim is submitted and authorized, a text message will be issued with the surveyor’s contact information. 

  • A Surveyor is engaged to assess the loss and inspect the insured vehicle. Following that, permission is granted, and the insured is notified of the claim’s status. 

  • The Surveyor will call you to arrange a convenient time for the survey and will carry it out. 

  • When the vehicle is ready for inspection, call the CHD / Surveyor. 

The following documents must be presented when registering a claim: 

  • Completed Claim Form 

  • Copy of Driver’s License 

  • Certificate of Registration 

  • FIR issued by the police 

  • Motor Insurance Policy with Schedule and Endorsement/Clause 

  • A copy of the plan and a receipt for premium payment 

  • Fitness certification (Commercial Vehicles only) 

FAQ

Q1.How can I Check my National Two-Wheeler Policy Status Online?

Ans – It is rather simple to verify the status of one’s insurance. Simply log in to the Portal, submit your valid credentials, and receive updates on the progress of your insurance. You may also phone the toll-free hotline to find out the current status of your insura

Q2.How to Pay a Premium Online for National Insurance? 

Ans – National-two-wheeler-insuranceNational-two-wheeler-insuranceYou may pay your National Insurance two-wheeler insurance premium by visiting the company’s official website and filling out the form with pertinent information about your current policy, such as the expiry date. If you have collected discounts against your No Claim Bonus, they will be applied to your newly renewed policy. Remember to print a copy of the produced receipt for future reference, if and when necessary. 

Q3.What are the modes of payment available? 

Ans – One can pay online using a Debit Card, a Credit Card, or Net Bankin

Q4.What is the policy renewal process for National two-wheeler insurance? 

Ans –

Step 1: Log in to the portal using your policy number and date of birth.
Step 2: Choose a payment method (debit, credit, or net banking). 
Step 3: Upon successful payment, print or keep the premium deposit receipt. 

Q5.What is the procedure for canceling a National Two-wheeler insurance policy? 

Ans – Yes. In reality, canceling a bought insurance policy is a straightforward procedure. Simply walk into any of the branches with your policy documentation and the completed surrender form. The policy will be revoked after it is accepted at the counter. Furthermore, your bank account will be reimbursed with the returns. 

Q6.What is the company’s procedure for resolving a National Two-Wheeler Insurance claim? 

Ans – To begin, complete out the claim form and send it, along with any supporting documentation, to the Policy issuing office, either directly or through an agent. Following a satisfactory examination, the claim will be fully resolved within a few days.