Drive Business Confidently. Insure with New India Assurance.

New India Assurance Commercial Vehicle Insurance – Secure Your Business on Every Route

Commercial vehicles are the lifeline of many businesses — from logistics to passenger transport, they keep operations running smoothly. Protecting these valuable assets from financial losses due to accidents, theft, or natural calamities is essential. New India Assurance Commercial Vehicle Insurance offers comprehensive coverage to safeguard your business vehicles and ensure continuity on every journey.

About New India Assurance Company

The New India Assurance Co. Ltd., a Government of India enterprise established in 1919, is one of the largest and most reliable general insurance companies in India. With over a century of experience, strong financial stability, and a vast network of offices and service centers, New India Assurance provides dependable coverage for individuals and businesses alike.

What is Commercial Vehicle Insurance?

Commercial Vehicle Insurance provides financial protection for vehicles used for business purposes — including trucks, taxis, buses, delivery vans, and other transport vehicles. It covers damages caused to the vehicle, third-party liabilities, and personal accidents to the driver.

Types of Commercial Vehicle Insurance Policies

1. Liability Only Policy (Third-Party Cover)
   • Mandatory as per the Motor Vehicles Act.
   • Covers third-party injury, death, or property damage caused by the insured vehicle.
   • Does not cover damage to your own vehicle.
2. Comprehensive (Package) Policy
   • Covers both third-party liability and own vehicle damages.
   • Protection against accidents, fire, theft, natural and man-made disasters.
   • Includes personal accident cover for the driver and optional coverage for employees or passengers.

Key Features and Benefits

✅ Wide Coverage – Protects against loss or damage to the insured commercial vehicle.
✅ Third-Party Liability Cover – Meets all legal requirements for vehicle operation.
✅ Personal Accident Cover – Up to ₹15 lakh for the owner-driver.
✅ Optional Add-Ons – Enhanced protection through extra covers.
✅ Cashless Repairs – Access to a large network of garages and service centers.
✅ No Claim Bonus (NCB) – Enjoy discounts on renewal premiums for claim-free years.
✅ Flexible Policy Terms – Choose short-term or long-term coverage.
✅ Fast Claim Settlement – Efficient and transparent claim process.

Add-On Covers Available

• Zero Depreciation Cover
• Roadside Assistance
• Engine and Gearbox Protection
• Consumables Cover
• Personal Accident Cover for Employees and Passengers

Eligibility and Required Documents

Eligible Vehicles:

• Goods-carrying vehicles (trucks, tempos, etc.)
• Passenger-carrying vehicles (taxis, buses, etc.)
• Miscellaneous commercial vehicles (cranes, loaders, etc.)

Documents Required:

• Vehicle Registration Certificate (RC)
• Previous Policy (if renewal)
• Driving License
• ID & Address Proof
• Permit (if applicable)

Example Scenario

Suppose a logistics company owns a delivery truck that meets with an accident, causing ₹2 lakh in repair expenses. With a New India Assurance Commercial Vehicle Insurance Policy, the company gets financial protection against repair costs, minimizing business disruption and ensuring peace of mind.

Why Choose New India Assurance?

• Backed by the Government of India
• 100+ years of insurance trust and expertise
• High claim settlement ratio
• Nationwide service network
• Tailored policies for every business type
• Reliable and transparent customer service

Conclusion

With New India Assurance Commercial Vehicle Insurance, your business assets are always protected — whether on highways, city roads, or remote routes. Safeguard your vehicles, drivers, and business reputation with coverage you can trust.

Drive Business Confidently. Insure with New India Assurance.