Canara Bank The New India Assurance Company Commercial Vehicle Insurance

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Canara Bank The New India Assurance Company Commercial Vehicle Insurance

Get solid protection with New India Assurance Commercial Vehicle Insurance—third-party cover, own damage, and add-ons for total on-road security.

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Details for Canara Bank The New India Assurance Company Commercial Vehicle Insurance

The New India Assurance Company Commercial Vehicle Insurance offers robust protection for your business vehicle. It covers third-party liabilities, including death, injury, and property damage, with personal accident cover for owner-drivers. The policy also safeguards against loss or damage to your insured vehicle. Enjoy No Claim Bonuses of 20–50% on renewals and choose valuable add-ons like accessory coverage, liability to employees, and personal accident cover for passengers and paid drivers. Coverage limits include up to ₹7.5 lakhs for third-party property damage. With flexible features and reliable service, it’s an ideal choice for commercial vehicle owners.

Add-on Covers

  • Loss or damage to accessories fitted in the vehicle such as stereos, fans, air-conditioners etc.
  • Personal accident cover under private car policies for - Passengers ,Paid driver.
  • Legal liability to employees.
  • Legal liability to non-fare paying passengers in commercial vehicles.

Additional Benefits

  • This covers third party liability for bodily injury liability and / or death and property damage. Personal Accident cover for Owner-driver is also included.
  • This cover loss or damage to the vehicle insured in addition to Liability Only Policy.
  • No claim discounts are available on renewal of policy, ranging from 20% to 50%, depending upon the type of vehicle and the number of years for which no claim has been made.
  • Death or bodily injury to a third party person.
  • Damage to third party property.
  • Liability is covered for an unlimited amount in respect of death or injury and damage to third party property for INR 7.5 lacs under Commercial vehicle and private and INR 1 lakh for Scooters / Motor Cycles.

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