A Review on The New India Assurance Car Insurance Company
The New India Assurance Company is a government insurance company and is rated "AAA / Stable" by CRISIL. The insurer is one of the oldest in the business and has a wide reach.
It has been rated A- (Excellent) by ABST Company, becoming the only Indian insurance company to be rated by an international rating agency. The New India Assurance Car Insurance Policy provides coverage for both own damages and third party liabilities. The insurer provides compensation for towing fees up to Rs. 1500 for cars.
New India Assurance Company Limited Car Insurance Motor Claim Ratio - 79.68%
Advantages of New india:
1.No claim discount from 1.20% to 50%
2. Decision claimed within 3 days of application
3. Surveyor appointed within 48 hours of claim notice
4. Claim payment within 3 days of receipt of discharge voucher
5. Complaint is accepted within 3 days of receipt
6. Resolution of complaint within 15 days of receipt
Disadvantages of New india:
1. Slow Insurance and Claim Procedure
2.very low branches