New India Bike Insurance Policy 

Overview 

New India insurance company is a general insurance company initiated in 1919 but got its recognition in 1973. This policy is a simple and hassle-free process, with less paperwork. This policy provides compensation for expenses that are caused due to third-party liability which include property damage of the third party, injuries of the third party, and even death of the party. It also protects the vehicle from natural calamity, fire, theft, manmade disasters, and any unforeseen circumstances 

It is the only insurance company in India with an excellent position and has an astonishing reach in bike insurance. The headquarters is located in Mumbai. Their branches are located in Ahmadabad, Bangalore, Chennai, Goa, Hyderabad, Kolkata, and Pune. They provide services in both online and offline modes. Their vision is to provide claim settlements in a simple way. This company asks for minimum documentation and requires less paperwork. The company values feedback and reviews from customers. In addition, they provide health insurance, car insurance, domestic property insurance, and travel insurance.  

List of best two-wheeler insurance 

Property Damage Under Third Party Insurance 

Third-party two-wheelers which are offered by edelweiss insurance are one of the most popular insurance which is made compulsory after the motor vehicles act. This policy offers compensation against any third party claims which include property damage, injuries of the third party, and even death of the third party. They provide compensation up to lakh. 

Own damage cover 

New India insurance policy also provides coverage against own damage which is caused due to unforeseen circumstances which include flood, tsunami, earthquake, hailstorm and manmade disasters like burglary, riots, and theft 

Personal accident cover 

Personal accident cover provides you hospitalization expenses which include treatment cost, consultation fee, post-treatment charge, medicines cost, and surgical expenses up to 15 lakh. 

New India add on covers: 

Zero depreciation cover: 

Zero depreciation cover is an add on cover in which your car is free from decrease in cost due to wear and tear of the car. Zero depreciation cover ensures that you get the full amount including your depreciation amount.  

Invoice value protection:

This add-on value ensures that you get the compensation equal to the amount which is written in the invoice while purchasing the bike. This occurs when the bike is stolen. 

Key and locks protection: 

In case you have lost your key during the unforeseen circumstance, edelweiss insurance provides you with the same key you have lost 

Roadside assistance: 

Road assistance cover includes jumpstarts, breakdown tows, battery replacement, tyre changes, fuel assistance and key cover. 

Personal belongingness protection: 

This is a comprehensive policy which is an add-on cover that offers compensation for your personal belongingness lost in your car. 

Engine protection cover: 

Engine protection cover offers financial assistance for your vehicle against the damaged engine of your vehicle. 

Advantages of edelweiss bike insurance: 

New India bike insurance has a very large network of 1500 garages across the country which is easily accessible to the citizens and ensures them instant repair in case of any problem which occurs in the vehicle. New India bike insurance policy consists of an excellent digital infrastructure that is easily accessible to all citizens. The website consists of all the latest insurance plans which are available and the claims process. One can post his claims and queries and contact for support. New India bike insurance and less paperwork and minimum paperwork compared to the traditional insurance policies which require several documents and verification which causes severe stress and tension to the customers. New India bike provides a quick and effective response to the customers which ensures satisfaction to the customers. New India bike insurance provides all-time consumer service that 24×7 service for the customers. This is to ensure safety and reduce tension for the customers. They offer protection in any circumstance which includes death, injury, property damage, and medical expense which no other insurance policy can offer. They complete the verification process in a very efficient and it is very less time-consuming. New India bike insurance policy has a wide range of add-on covers, which can be purchased if needed with lifetime benefits. New India bike insurance policy has been discounted all the time so that it is beneficial for the customers in any unforeseen circumstances. 

Features of New India bike insurance: 

New India bike insurance offers a wide range of features; the following consists of the features provided by edelweiss bike insurance 

Zero depreciation cover:

Depreciation is the cost that is reduced due to the wear and tear of the vehicle. In some cases, the depreciation cost is reduced while paying the compensation amount. But in zero depreciation cover, the depreciation cost is also settled while paying. This is exclusively offered by the New India bike insurance policy. The zero depreciation cover ensures the customer receives the exact amount which is provided in the invoice while purchasing the car. 

Invoice value protection:

The value of your vehicle changes periodically, depending upon the model. The value of your car keeps changing day by day. This year it might be high and next year it might below. But New India bike insurance consists of protection of your invoice value.  This add-on value ensures that you get compensation equal to the amount which is written in the invoice while purchasing the bike. This occurs when the bike is stolen. 

Key and locks protection: 

Your key and lock is the main identity for your vehicle without them nothing can be done to your vehicle. But the new India bike insurance policy offers compensation for your lost key in bad situations. In case you have lost your key during an unforeseen circumstance, edelweiss insurance provides you with the same key you have lost. 

Roadside assistance: 

Road assistance cover includes jumpstarts, breakdown tows, battery replacement, tire changes, fuel assistance, and key cover. 

Personal belongingness protection:

This is a comprehensive policy which is an add-on cover that offers compensation for your personal belongingness lost in your car. 

Engine protection:  

Engine protection cover offers financial assistance for your vehicle against your damaged engine of your vehicle. 

The third party claims insurance:

This protects us from claims which are raised by the third party due to property damage, injury, and even death of the third party. 

Coverage of new India bike insurance policy 

Own damage cover: 

This policy consists of its own damage cover, which provides compensation for damage caused due to natural disasters like floods, earthquakes, storms, cyclones, hurricanes, and hailstorms. They provide coverage for even manmade disasters, like burglary, theft, vandalism, and riots. 

Third-party liability: 

This feature provides coverage of compensation for the third party. Third-party coverage includes compensation of damage which is caused due to property damage, injury of the third party, and death of the third party. 

Personal accident cover: 

Personal accident cover provides compensation for our personal use. Which provide funds for our treatment cost, pharmaceutical expense, treatment of family members who also met with an accident, physiotherapy fee, consolation fee, post-treatment charge, pre-treatment charge, and hospital room rent expenses. 

Exclusions of New India bike insurance policy: 

Though edelweiss bike insurance has a comprehensive insurance policy, due to certain restrictions they have certain exclusions for the customer. New Indian bike insurance has certain exclusions in its policy. The damage which is caused due to self-injury like suicide is not included in this. If the driver does not have a valid driving license, then this policy cannot be availed. If the accident occurs due to the driver who is under the influence of alcohol and influence of drugs, he is not eligible for the policy. If an accident arises due to the negligence of the driver, this policy cannot be sustained. This policy is for only personal purposes and not any other commercial purpose like testing, racing, and hiring. If the accident occurs outside the geographical limits of India, this cannot be valid. If the damage is caused due to a nuclear reaction New India bike insurance cannot be insured. 

Claims process of new India bike insurance: 

For the claims process, the customer should communicate to the nearby branch office, through SMS, phone call, and email. You need to call the toll-free number 1800 209 1415 or contact through mail support@newindiainsurance.com. After the claim is issued the survey inspector comes and checks how the claim is. Estimation of repairs is also done in this process. For repair, you can take your vehicle to the nearby network garage, and repair vehicle. The repair is completely cashless.  You must submit several documents and after which the claim is settled by the branch office. If the person is severely injured he can admit them in the nearby hospital. In case of theft or a major accident, FIR should be filed in the nearby police station. Your vehicle should be towed in the nearby garage. The following documents should be submitted. Which consists of duly signed claim form, valid driving licence, FIR, valid registration certificate, policy document and invoice receipt. Claims are resolved very efficient and quick in edelweiss bike insurance. 

Discounts offered by new India insurance: 

No claims bonus is offered by edelweiss bike insurance if the customer does not rise any claim for the period of three years. This policy is a cumulative benefit that is it keeps on increasing as the number of no claim years keep increasing. Initially edelweiss bike insurance offers 20% of discount which keep increasing as the number of years keep increasing. 

Long term policy discount can be availed if you are a part of edelweiss insurance for a long period of time. You can avail various benefits if your membership period keeps on increasing day by day along with additional discount. 

New India bike insurance contact details: 

You can contact New India bike insurance any time they are available 24×7 to listen to your queries and claims. You can call this through toll free number 1800 209 1415. You can visit the website and click on the branch locator, so you can easily find the office of edelweiss bike insurance and visit it. You can even mail your queries through support@newindiainsurance.com. In case of product information and policy renewal you can post your queries through the form which is available in the website, by filling in the form with your name, car model number and renewal period. 

FAQ’s of New India bike insurance: 

Is it possible to renew the policy online? 

Your motor bike has to be renewed on a regular basis to protect your vehicle from unforeseen circumstance. Your policy can be renewed through both online and offline mode. But the best way to renew your policy is through online mode. Because it requires less paperwork and minimum documentation and it is a hassle free process compared to offline mode. You should renew your process before the date of expiry if not you will lose benefits like cover protection, third party liability and no claim bonus. This will lead to lapse in the policy. 

What are the documents required for claims process? 

For the claims process you can contact the toll free number 1800 209 1414. Or mail to support@newindiainsurance.com.  You can visit the branch office which is nearby to your location and submit all documents like claims form which is duly signed, licence, FIR, policy number and registration certificate of the vehicle. After all your documents are verified by the team the survey inspector comes and checks the vehicle and your claim is settled. 

Is it possible to purchase the policy online? 

Yes, you can definitely purchase the policy online through the website. And even complete all documentation within a less span of time through the website. It requires less stress and minimal paperwork. 

Can I file a two wheeler claim online? 

Yes, your claim can be settled by sending an email to support@newindiainsurance.com. You can even settle your claim by filling the form which is available in the website. 

How much is a personal accident cover? 

Personal accident cover provides coverage for issues due to personal reasons which include treatment cost, pharmaceutical expense, hospital room rent, consultation fee, pre treatment expense, post treatment expense and family expense. Personal accident cover provides 15lakhs. 

Who can buy two wheeler insurance from India, and what is the eligibility to buy New India insurance? 

In India to buy an Insurance policy he or she should cross the age of 18. They must possess a valid driving licence and registration certificate of vehicle. The same applies for New India bike insurance 

How is IDV calculated? 

IDV is insurer declared value it is calculated by this formula selling price- depreciation 

What is the scope of coverage? 

New India insurance offers coverage of personal accident cover, own damage cover, and third-party liability. 

Reviews of New India Insurance: 

Aman “I have got a good deal with New India bike insurance plan, in case of accidents I can avail for cashless repair services in the nearby garage, at first I was confused from where to buy the plan, then I got a good deal from the website.” 

Ram “during the renewal of my process I got a no claim bonus and discount on my premium, there are several additional features in this plan. 

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