What Does Car Insurance Policy from National Insurance Company Limited (NICL) Cover?

National Insurance Company Limited is a well-known name in the industry of top insurance players. NIC was incorporated in the year 1906. It has its headquarters in Kolkata. National Insurance is wholly maintained and operated by the government of India. National car insurance offers a range of coverage. The company is the oldest provider of general insurance solutions in India.

The company offers two types of covers for car insurance renewal:

• Liability Only Cover

This is an obligatory motor insurance plan as per the Motor Vehicles Act 1988. All the owners of motor vehicles must make sure that they have this motor insurance plan to become legally eligible to drive their cars on road. National third party car insurance covers the followings:

• Any Injury or Death of Third Party in case of an accident
• The policy offers compensation against Property Damage
• Package Cover

The package policy is basically the comprehensive car insurance policy, which is always recommended by the owners of all motor vehicles since this car insurance plan covers third party loss or damage as well as own damage. The coverage of the package National car insurance policy is below.

• Covers accident from/by Fire, External Means ,Self Ignition, Explosion and Lightning
• Any damage to the vehicle while it’s in Transit by Road, Rail, Inland Waterway, Air, and Lift is covered under this plan.
• Protection to the vehicle against man-made calamities such as Terrorist activities, Riots, Strikes or Malicious Acts.
• Package motor insurance policy from National Insurance Company covers Theft, Burglary, House breaking, etc.
• Damage to the vehicle from Natural Calamities such as Earthquake, Flood, Storm, Landslide, and Rockslide are also covered under this comprehensive car insurance plan.

There’s no denying the fact that the National Insurance Company offers good coverage at an affordable premium when it comes to motor insurance renewal. However, it is always advisable to compare different car insurance plans available to avail the best protection for the best price.