National Insurance Company Limited | Renew Car, Two Wheeler Policies from National Insurance

History of National Insurance

national insurance The history of National Insurance goes back more than a century. NIC was founded in 1906 and had begun to carry out general insurance business under private partnership till 1972. In the aftermath of Nationalization, NIC was dedicated to serve the nation as a subsidiary of General Insurance Corporation of India after being merged with 11 Indian and 21 foreign companies. National Insurance has a proud history of serving the nations by offering the best insurance products to citizens of India from all walks of life. From 2002, National Insurance Company started to operate as an independent company and went from strength to strength with each passing year. At present, NIC caters to insurance necessity of 14 million people in India by providing them with over 200 insurance policies from over 2000 offices across India manned by around 16,000 employees. From just Rs. 50 crores in 1974, the premium base of NIC rose to 90 billion in 2012-13. In terms of GDWP, NIC holds the second position in India now. National Insurance is also the leader in general insurance market in North and East zones.

NIC formed tie ups with Automobile and Two Wheeler major Maruti and Hero Moto Corp to empower motor insurance market in India. National Insurance also introduced Bancassurance for the first time in India by collaborating with biggest banks in India. Having felt and catered to the insurance necessity of Indian citizens including individuals, families and senior citizens as well as business organizations from all sectors, NIC has become the best general insurance provider in India.

Services of National Insurance

Two Wheeler Policy

Two Wheeler Policy

The low cost two wheeler insurance plan from National Insurance protects the vehicle from any unwanted accidents & offers swift & fast claim settlement process. This plan also covers any legal liability after an accident.

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Car Insurance Policy

Car Insurance Policy

The comprehensive & affordable car insurance policy from National Insurance provides 100% protection to your car.

Parivar Mediclaim

Health Insurance

National health insurance policies are designed to offer comprehensive coverage to individuals and families and senior citizen as well as critical illness

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Travel Insurance Plans

Travel Insurance Plans

National travel insurance policy comes with the benefits of travelling with confidence. Any kind of misfortune like losing luggage or passport or any travel emergencies is covered under the policy.

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National Private Car Policy

National Private Car Insurance provides both the compulsory liability and optional comprehensive coverage. Several different discounts in premium is available with National Private Car Insurance plans. [read more]

National Two Wheeler Policy

National Two Wheeler policy provides bike owners with mandatory liability coverage and optional packae coverage. National Two Wheeler policy comes with a host of additional benefits. [read more]

National Varistha Mediclaim Policy

National Varistha Mediclaim Policy covers medical expenses of senior citizens. The plan is designed for individuals only. [read more]

Top Policies
National Insurance Parivar Mediclaim Policy

National Insurance Parivar mediclaim plan covers an entire family for a single premium. All included members can share the chosen Sum Insured of the National Insurance Parivar mediclaim policy. [read more]

National Insurance Mediclaim Policy

Overseas Mediclaim Policy covers individuals' costs incurred due to medical and other emergencies while traveling in foreign countries. [read more]

National Insurance Critical Illness Policy

National Insurance Mediclaim Plus Policy not only covers hospitalization costs, but also pays out for Ayurvedic and Homeopathic treatments along with Allopathic treatments in India.[read more]

National Insurance Company Limited is the first ever general insurance company to be established in India. Headquartered in Kolkata, National Insurance came into existence way back in 1906. The National Insurance Company Limited was nationalized in 1972. After nationalization, National Insurance company became a wholly owned company of General Insurance Corporation of India (GIC). National Insurance Company Limited started to operate as a stand-alone general insurance company since 2002. National Insurance Company teamed up with Nainital Bank in 2004 to dispense general insurance products through branches of Nainital Bank in Uttarakhand, New Delhi and Haryana.

National insurance plans are designed for both individuals and organizations. National motor insurance plans like private car policy and National motorcycle insurance policy, National health insurance plans, National travel insurance policies, National personal accident policy and householders policy. National Insurance Company Limited also cater to rural sector by offering rural insurance plans like Gramin Suraksha Bima, Gramin Suswastha Bima. For heavy industries, National Insurance offers various Industrial risk insurance plans like Machinery Insurance, Electronic Equipment Insurance and commercial risks insurance policies like Standard Fire and Special Perils and Shopkeepers insurance policy. National Insurance Company Limited also offer Credit insurance and different types of Marine Insurance policies.

National Insurance Company Limited offers over 200 general insurance policies that cater to the needs of people from all walks of life and carries out operations through a whopping 1998 offices all over India manned by 14902 insurance professionals. National Insurance Company Limited operates not only throughout India but also in Nepal. National Insurance Company Limited holds the biggest market share in the motor insurance market which holds the largest share in the general insurance market of India.

Being the leader in the East and North zone, National Insurance Company Limited registered premium worth Rs 11282.64 crore in 2015. In terms of GDWP or Gross Direct Written Premiums, National Insurance Company holds the second position in general insurance market in India. The National Insurance Company Limited registered largest PBT or Profit before Tax worth Rs 1196.74 crore. National Insurance Company Limited exceeded its last year's total of 1007.82 crore. The income of the investment of National Insurance has also increased from the earlier 2263 crore to Rs 2654 crore. The dividend to the National Exchequer for Fiscal Year of 2013-14 was Rs 165 crore for National Insurance Company Limited. The amount has increased to Rs. 195 crore in the fiscal year of 2015.

National Insurance company launched customized general insurance products for the first time in India for corporate and rural sector. With Techno Marketing Project Cells, National Insurance Company Limited has provided large commercial projects with insurance cover and rural customers with Farmers Package Policy. National Insurance Company collaborated with big players in automobile sector like Maruti and M/s. Hero Moto Corp. These tie ups took motor insurance to a new height when it comes to Service Delivery. National Insurance Company Limited also formed joint venture with India's leading banking organizations to introduce Bancassurance for the first time in India.

Policy offerings at National Insurance Company Limited cater to all aspects of general insurance. National Insurance Company offers insurance plans in several different categories. Under personal insurance category, National Insurance India offers health insurance, personal accident, home and car insurance policy. Rural insurance is another category in which National Insurance policies offers comprehensive coverage against climatic and natural disasters to safeguard rural and agriculture businesses. In the category of industrial insurance, National Insurance India provides policies for large constructions, projects and contracts against risks like fire, theft, equipment loss. Commercial insurance plans available with National Insurance Company Limited shields loss due to property damage during transit, transactions and in other circumstances.

National Insurance Company caters to all business segments in India by offering quality insurance products. The whole gamut of National Insurance policy offerings encompass sectors like banking, aviation, telecom, shipping, power, information technology, oil & energy, plantations, agronomy, healthcare, automobile, tea, environment, education, space research and foreign trade. Here is a brief synopsis of most sought-after policies of National Insurance.

National Car Insurance Policy

A National car insurance policy offers complete protection against theft, damage or any kind of liabilities. Coverage of National car insurance policy can be extended to passengers and paid drivers and accessories of the insured vehicle. National car insurance claim settlement rate is also very impressive.

National Two Wheeler Insurance Policy

NIC online two wheeler insurance plans come at a reasonable cost and are available for long-term as well. The coverage of a National two wheeler insurance policy available with National Insurance can be extended to pillion riders and accessories. Discounts on premium like NCB are available with National two wheeler insurance policy.

National Health Insurance Policy

Many a Nic online health insurance policy is available with National Insurance Company Limited to cater to the needs of people of all ages. National health insurance plans are designed for individuals, families, senior citizens and also for those who go abroad for studies and employment.

National Personal Accident Insurance Policy

National personal accident insurance plans come with many variants. The Individual personal accident policy and Janata personal accident policy available with National Insurance Company Limited offers 24 hours coverage across the world. Under the Individual personal accident insurance plan, family package and group policies are also available.

National Household Insurance Policy

This policy by National insurance India covers building, contents and possessions of the policyholders and their family members. 15% and 20% discount is available with National household insurance for selecting more than 4 sections and 6 sections of the policy respectively.

Gramin Suraksha Bima Yojana

This policy offered by National Insurance Company is aimed for lower income group. This policy covers cost of treating physical injury by visible and violent means.

Gramin Swasthya Microinsurance Policy

National Insurance India has come up with this health insurance policy also to keep the individuals and families belonging to lower income sector covered. This policy also provides personal accident coverage to the insured people.

All NIC online plans can effectively serve the purpose of providing extensive coverage at an affordable price. National Insurance Company give customers the freedom to choose from a myriad of insurance policies. You can easily make a search on the portal of National Insurance India and buy your desired policy online. Claim settlement time and rate of National Insurance policies is also worth praising and so is the services provided by the executives working with National Insurance Company Limited.

Individual and Parivar Mediclaim policies by National Insurance Company Limited are available online. The maximum entry-age for the Individual Mediclaim Nic online policies is 50 years of age and maximum available Sum Insured is Rs 5 lakhs.

National health insurance policies are available in plenty as different types of NIC online health plans cater to the needs of people from different spheres of life. Online policies for health by National Insurance India are designed by individuals, families and senior citizens. National health insurance plans provide coverage against a wide range of medical expenses. National Insurance India boasts a massive network of over 6000 hospitals that facilitate customers with cashless treatments. The claim settlement ratio for National health insurance plans is also very high which indicates that valid claims made on National health insurance are most likely to get approved.

National health insurance plans offer financial protection people from all age groups in time of medical emergencies. The following are the available Nic online health insurance plans;

  • Mediclaim Policy
  • Mediclaim Plus Policy
  • Parivar Mediclaim
  • Parivar Mediclaim Plus Policy
  • Overseas Mediclaim Employment and Studies
  • Overseas Mediclaim Business and Holiday
  • Varistha Mediclaim Policy for Senior Citizens

The Benefits of availing health insurance plans from National Insurance Company Limited are manifold. Here are top features associated with National health insurance online policies.

  • First of all, National health insurance plans come with tax benefits. If you buy online health plans from National Insurance Company Limited the premium you pay eligible for tax deduction.
  • All National health insurance online policies come with lifetime renewal option. You can stay protected for the rest of your life if you buy National health insurance online policies.
  • Nic online plans for health offer cashless treatment facility in all hospitals in the pannel of National Insurance India. You just have to find a network hospital in your vicinity and avail the requirement treatment free of cost.
  • National health insurance plans not only cover hospitalization costs but also cover medical expenses before and after hospitalization for 30 days and 60 days respectively.
  • Family health insurance plans on offer at National Insurance Company Limited cover a maximum of 6 people.
  • National Insurance Company Limited reward their customers for not making claims on their health insurance policies by offering them free medical check-up once in every 4 years without claims. However, the cost of check-up is covered up to 1% of the chosen Sum Insured.
  • National Health insurance plans cover pre-existing ailments after 4 continuous renewal of the policy. If you suffer from any diseases when you buy National health insurance plan, you will get coverage for that disease only after 4 continuous renewal of health plan at Nic online.
  • National health insurance plans also impose limitation on coverage of certain expenses. Room rent and nursing expenses are covered up to 1% and ICU expenses are covered up to 2% of the chosen Sum Insured per day by health policies provided by National Insurance Company Limited. Overall, these costs are covered up to a maximum of 25% of Sum Insured of National health insurance plans.
  • Co-Pay is an optional feature available with National health insurance policy. Customers of health policies online from National Insurance Company don't mandatorily have to choose co-pay. But, if they opt for 2% co-pay they are eligible for 10% discount on their respective National health insurance policies.

In spite of providing a comprehensive coverage, National health insurance plans come with certain exclusions as well. The following time period, costs and ailments are not covered under a health policy by National Insurance Company Limited.

  • Health insurance plans by National Insurance India cover only accidental claims in the initial 30 days from when policyholders buy National Insurance online health plans.
  • National health insurance plans don't cover treatment expenses of issues like AIDS, general debility, sterility, pregnancy, convalescence
  • Treatments of psychosomatic and psychiatric diseases, genetic disorders, obesity are not covered by health insurance plans on offer at National Insurance Company Limited.
  • Expenses of cosmetic surgeries, plastic surgeries, hormone replacement or sex change are not covered under online health insurance plans by National Insurance Company.
  • Health policies by Nic online don't cover dental, Outpatient treatment, spectacles, hearing aid, contact lens, cochlear implants charges
  • Alcohol or drug abuse related treatment costs are not included in the coverage of National health insurance plans.

Renewal of National health insurance plans can be done throughout the lifetime of policyholders. Renewal of Nic online health policies is a quick and effortless process. You just have to visit the National Insurance portal and put in some details such as your existing National health insurance policy number for renewal. Once you make the payment online and your new National health insurance plan is issued, you are done with the renewal process. Nic online portal requires minimum paperwork for policy renewal and customers can enjoy continuous coverage year after year from National Insurance India.

People from 18 years of age are eligible for National health insurance plans. Dependent children between 3 months to 18 years are also entitled to buy online health plans along with their parents from National Insurance Company Limited.

People up to the age of 65 years are eligible for National health insurance policy.

To buy National mediclaim policy, you need to have an address proof and an id proof and a colour passport size photograph.

National car insurance plans are designed to protect the interest of car owners in India. Nic online plans for private cars come with a myriad of beneficial features to ensure complete protection of the insured vehicle. National car insurance plans offer cashless service in the network garage of National Insurance Company Limited. National Insurance Company also boasts a high claim settlement rate so if you make any valid claim on your National motor insurance plan, National Insurance India most likely to approve the claim. Customer support at National Insurance Company Limited is also very impressive, if your insured breaks down and National Insurance Company will take evasive action. Renewal of Nic online car insurance plans also take a few minutes. All these beneficial features make National car insurance plans a lucrative deal.

National car insurance plans come with a wide range of beneficial features. Let's take a look at the features of online car insurance plans available with National Insurance.

  • National car insurance plans are devised for vehicles that are used for domestic, social and professional reasons. Cars that are used for speed tests,pace setting, reliability trials, racing don't qualify for car insurance plans offered by National Insurance India.
  • Apart from the regular coverage, National car insurance online plans also provide additional coverage against accessories, legal liabilities to paid drivers and passengers of the insured car.
  • Motor insurance policies on offer at National Insurance Company Limited are usually issued for one year.
  • You can buy National Insurance online plans for cars very easily by making payment through online banking or by debit and credit cards.
  • National car insurance policies come with a range of discounts. You can avail NCB for not making any claim on your Nic online car insurance plans. National car insurance plans also offer discount for choosing voluntary excess, installing security devices and also for vehicles specifically devised for mentally challenged, blind and physically handicapped people.

Sum Insured of National car insurance plans are worked out by deducting the depreciation value as per the age of the vehicle from the selling price of the car set by the manufacturer. However, this process of calculating motor insurance plans by National Insurance India is applicable for vehicles less than 5 years of age. For cars over 5 years of age, the coverage of National car insurance online policies is determined mutually between the owner of the insured car and National Insurance Company Limited.

Nic online car insurance policies provide extensive coverage so that car owners in India stay financially secured in every unexpected situation. Here are the coverage of National car insurance plans to safeguard policyholders in different circumstances.

  • Online car insurance plans offered by National Insurance Company Limited cover liabilities of car owners in India to third parties and provide coverage up to a maximum of Rs.7.5 Lakhs in case of any third party property damage. Motor insurance policy by National Insurance Company also provide monetary compensation in the event of third party physical injury and death.
  • National car insurance plans cover losses of Nic online policyholders due to natural disasters like fire, lightning, explosion, earthquake, typhoon, flood, storm, frost, tempest, cyclone, hailstorm, landslide
  • A motor insurance policy available with National Insurance Company Limited also covers financial losses due to damages by several different man-made mishaps in the likes of burglary, riot, theft, strike, external accidents, terrorist activity, malicious act and also damages during all types of transit.
  • National car insurance plans also come with a personal accident coverage for owner- driver of the insured vehicle. However, the coverage can also be extended to other passengers and paid driver of the car for an additional premium on Nic online car insurance policy.

Despite of providing comprehensive coverage, National car insurance plans come with some exclusions. As a car owner, you need to be aware of the types of damages that are not covered by Nic online car insurance policy when you decide to buy National Insurance online car plans. Here is an indicative list of National car insurance policy exclusions.

  • Nic online car insurance policy doesn't cover mechanical and electrical and breakdowns and general wear and tear of the insured vehicles' parts.
  • Motor insurance covers offered by National Insurance Company doesn't cover tyre damages unless the entire vehicle is damaged due to mishap. In that case, National car insurance plans pay out up to 50% of the cost of replacing damaged tyre.
  • If the policyholder drives the car under the influence of alcohol or drugs, damages are not covered by National car insurance plans.
  • An online car insurance policy provided by National Insurance Company Limited does not cover damages if the vehicle is driven without valid driving license.

The renewal process for National car insurance plan is very simple and fast. Existing customers of Nic online motor insurance covers just have to visit the portal of National Insurance and select the tab designed for National car insurance renewal. Policyholders just have to follow the instructions on the National Insurance Company portal and make the payment online finally to complete the National car insurance renewal process. The portal of National Insurance Company Limited is completely safe and secured for online transactions so car owners can make payment online for renewal without any worries.

A National two wheeler insurance policy comes with extensive coverage and many other benefits much to the delight of owners of two wheeler vehicles in India. To buy, National two wheeler insurance policy, one has to be the registered owner of a two wheeler vehicle in India. Armed with a National two wheeler insurance, two wheeler vehicle owners can keep their liabilities as well as losses due to accidents or theft covered and stay financially safe.

  • If you make a valid claim on your National two wheeler insurance policy, your claim will be approved quickly so that you can avail cashless service from network garage of National Insurance Company Limited at the earliest.
  • Customers of Nic online can track the status of their claim online as well.
  • National two wheeler insurance plans come at a reasonable premium and customers can also avail many types of discounts such as NCB at the time of their policy renewal.
  • Bike owners in India can also transfer their existing NCB from any other insurer when they choose to get the renewal done with National Insurance Company Limited.

National two wheeler insurance plans provide mainly two types of coverage.

Third party Liability Coverage

Since, this type of National two wheeler insurance coverage is legally mandated in India, bike owners need to buy National two wheeler insurance plan with liability coverage to be able to drive on roads in India. As the name suggests, all liabilities of policyholders to third party vehicles and people are covered in this type of two wheeler insurance policy by National Insurance Company Limited. A liability only National two wheeler insurance plan provides monetary compensation in the unfortunate event of third party death or property damage and also pays out up to a maximum of Rs. 7.5 Lakhs in case of third party property damage.

Comprehensive or Package Coverage

This type of coverage is optional and also costlier than a liability only National two wheeler insurance policy. However, it is strongly recommended that bike owners buy comprehensive coverage from National Insurance Company Limited when they buy a new two wheeler vehicle or at the time of their insurance renewal. A comprehensive National two wheeler insurance policy covers the financial loss of the policyholders in case of theft or damages to their insured vehicles apart from taking care of their liabilities. Natural calamities like flood, typhoon, hurricane, storm, cyclone etc and man-made calamities like terrorist acts, burglary, strike, riot theft or housebreaking and other malicious acts are covered under a comprehensive National two wheeler insurance policy.

  • National two wheeler insurance policy doesn't cover wear and tear and consequential loss
  • Online two wheeler insurance plans offered by National Insurance Company don't cover damages due to war, civil war, nuclear weapons, hostilities, military power, mutiny rebellion or invasion
  • Two wheeler insurance plans available with National Insurance doesn't cover losses due to electrical or mechanical breakdown
  • National two wheeler insurance policy doesn't cover damages if the vehicle is driven under the influence of intoxicating substance or without valid driving license
  • Tyre damages are only covered up to 50% of cost of replacement by a National two wheeler insurance policy if the vehicle is also damaged at the same time
  • If the two wheeler vehicle is driven beyond the geographical boundaries of India or by anyone who is not registered as the driver, damages are excluded from the coverage of a two wheeler insurance policy provided by National Insurance Company Limited.

This list of National two wheeler insurance policy coverage exclusions is not conclusive. Customers need to go through the policy document of two wheeler plans of National Insurance Company for an exhaustive list.

Renewal of online two wheeler plans of National Insurance Company Limited can be done easily by following some simple instructions. Essentially, it takes three easy steps to complete the renewal of National two wheeler insurance policy. First of all, policyholders need to visit the portal of National Insurance Company and get to the tab designed for renewal of a National two wheeler insurance policy and mention your current policy number and your personal details. In the second step, you need to choose your preferred mode of Nic online payment between debit or credit card or net banking. Finally, you have to save the receipt of premium payment once your payment is successful. Your new National two wheeler insurance policy copy will be issued and sent to you instantly via email. Alternatively, renewal of two wheeler plans of National Insurance India can also be done on the go through mobile apps.

The reason why you buy two wheeler insurance policy from National Insurance India and pay the premium every year is to get financial assistance in time of an emergency that triggers loss. However, you can only get the required financial support if your claim on National two wheeler insurance gets approved. So, you need to know the right ways of filing a claim on two wheeler insurance plans on offer at National Insurance Company.

National two wheeler insurance claim process is simple and fast. You first have to intimate National Insurance about the claim by calling them on their toll-free number and provide them the required information like National two wheeler insurance policy number, time, location and date of the accident, description and estimation of loss. When the claim is registered, a representative of National Insurance Company Limited will get in touch with you and provide you with claim reference number. A surveyor will be appointed by National Insurance Company who will inspect the damaged vehicle and assess the extent of loss. Finally when your claim on Nic online two wheeler plan gets approved, you will be provided with the claim status.

Over the period of many years, National Insurance Company Limited went from strength to strength. The performance of National Insurance Company reflects in the plethora of awards that are bestowed upon National Insurance. Here are some of the top awards won by this prestigious company that worth a mention.

  • National Insurance Company Limited won two awards like Top 100 CISO Awards and Digital Inclusion Awards in 2012 for best penetration in under-served market. In the same year, National Insurance Company also won Business Leadership Award from NDTV Profit.
  • National Insurance was also conferred with the The Indian Insurance Awards 2013 which is the 3rd Annual Edition of this award.
  • In a survey by HT and MaRS to find the best medical insurance company, National Insurance Company Limited was considered as the best PSU for its unmatched customer service.
  • In the Auto Insurance Customer Satisfaction Index study by D Power Asia Pacific 2010 India, National Insurance achieved the top position.
  • In 2010, National Insurance Company Limited got AAA rating from CRISIL.
  • National Insurance Company Limited was rated B++ in financial strength and bbb+ in issuer credit by A.M. Best. These ratings show National Insurance Company's consistent performance in investment, strong capitalization which is adjusted to risk, and most importantly company's strong presence in India's general insurance market.

If you avail any insurance policy from National Insurance Company Limited, you need to get the renewal of the policy done once the period completes. To enjoy continuous coverage, policyholders of National Insurance Company need to complete the renewal process before the expiry of existing Nic online plans. The renewal process is very easy and simple at National Insurance India.

The following are the required steps to complete the renewal procedure of National Insurance plans.

  • Customers need to visit the portal of National Insurance Company and get to the tab designed for online renewal
  • Upon clicking on the renewal button, customers will be directed to the page meant for online renewal
  • Customers have to provide their National Insurance policy number and other details and make the payment online
  • The new copy of National Insurance policy will be issued once the payment is made and the renewal process is completed when customers of Nic online will receive their new policy copy.

Can I Renew Insurance Plans Provided by Other Insurers with National Insurance?

Yes, National Insurance Company Limited allows for transfer of insurance policy of different insurers along with all accumulated benefits. You just simply have to visit the National Insurance Company portal and put in details of your current policy and buy Nic online policy on your policy renewal along with all benefits you accrued from your previous insurer.

The payment process at National Insurance Company Limited is free and doesn’t come with any costs like registration charges. Here are the methods to pay the premium at National Insurance India. Premium payment of National Insurance plans can be done in two different circumstances. When you buy a policy from National Insurance India and when you get your online policy renewal done with National Insurance Company Limited. Let's take a look at the payment process when you buy policy online from National Insurance Company.

  • After visiting the National Insurance Company portal, you have to select the ‘Buy new policy online’ option
  • Then you have to pick the Nic online policy you want to buy and select the 'buy policy online' option
  • Then you have to mention all the details required to buy policy from National Insurance India
  • After completing the form, finally you have to make payment on the Nic online portal using your debit or credit card or through net banking

At the time of renewal of policies of National Insurance India or from any other insurer, you have to make online payment as well. Here are the steps of making payment online for renewal of policy at National Insurance Company Limited.

  • You first have to visit the portal of National Insurance Company and get to the page designated for online policy renewal
  • Then you have to choose the policy for renewal after going through all plans available with National Insurance India
  • Finally, you have to make the payment online on the portal of National Insurance using net banking or debit or credit card to get the renewal process done.

Gone are the days when customers of National Insurance Company Limited had to visit brick and mortar offices of National Insurance Company to buy new policy or for renewal and make the payment in cash. With the increasing popularity of online financial transactions, the trend of online premium payment is gaining prominence among customers of National Insurance.