SmartEconomyCar
Smart Economy Car
The future is NOW! Move into the present with our Smartest Vehicle Insurance for a very Smart Rate; for all owners seeking a more competitive Insurance rate while receiving excellent value and reliable coverage. A smart driver deserves a smart insurance!
Smart Economy Car Policy features:
- Free full value cover:
For an ex-showroom car, free full value cover will be granted for first year of damage up to 100% of the insured catalogue value.
- No Claim Bonus on Casco section:
55% for 6 years claim free
60% for 7 years claim free
70% for customers insured with New India for 3 consecutive years with 60% NCB
- Insured keeps his NCB:
An insured with 70% NCB will not lose any NCB for the first claim.
An insured will not lose any NCB for claims due to fire, lightning, explosion, smashing of windshield or car windows.
- Time Loss:
To take care of unexpected delay in repairs, supply of parts, and the resulting hardship, reimbursement for rental expenses @ Afls.65- per day for the actual time the Insured vehicle is under repairs but not exceeding 14 days in all.
- Premium:
Very attractive base premium of 6½% of the catalogue value as per premium table.
- Hire Purchase Clause:
A hire purchase clause can be issued in favour of the finance company
- Third Party Liability:
TP Liability upto Afls. 90,000- with the option to be increased as per normal tariff.
- Deductible:
Deductible will remain approximately 1% of the catalogue value varying between Afls. 300- and Afls.1000-
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