The New India Assurance Company Limited Ncb

I want to know the NCB Protection Cover in New India Assurance Company Limited so can you tell me?

[shikha]

NCB Protection Cover in Motor Policy allows customer to be entitled to the next slab of No Claim Bonuseven after payment of an OD Claim.

The cover is valid upto 2 admissible OD claims and available for Private cars upto 7 years of age.

The cover will ensure saving of OD premium in range of 20%-50% at the time of renewal, except where insured takes more than 2 OD Claims during the policy period.

Motor Package Policy-

In addition to the coverage under liability only, this policy 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

The important exclusions under the policies are:

Wear and tear, breakdowns
Consequential loss
Loss when driving with invalid driving license or under the influence of alcohol.
Loss due to war, civil war, etc.
Claims arising out of contractual liability.
Use of vehicle otherwise than in accordance with `limitations as to use ' (e.g. private car being used as a taxi)

Rating factors

Rating depends upon the following factors:

IDV.
Cubic capacity
Geographical zone
Age of the vehicle
GVW of in case of commercial vehicles
Add on Covers

Contact-

Corporate Head office Address:

The New India Assurance Co. LTD.
87, M.G. Road, Fort,
Mumbai 400 001.