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Motor Vehicle Insurance for Members, Students of ICAI - (09-07-2016)

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The Institute of Chartered Accountants of India has recently entered into MoU with New India Assurance Co. Ltd for Motor Vehicle Insurance arranged by The Committee for Capacity Building of Members in Practice, ICAI. The motor Vehicle Insurance is a customized product offered by New India Assurance Company Ltd. for ICAI. The Motor Vehicle Insurance is basically designed for the members but also has been extended to the students and employees of ICAI.

The Motor Vehicle Insurance for which MoU is being executed has following value added features:

  • Unique Offer of 65% discount (on erstwhile Tariff Rate) for both Private car and two Wheeler
  • Online application through making payment by credit card and Internet Banking
  • Approachable Anytime and Anywhere through their All India office Network.
  • Covering Own Damage for both Private car and Two Wheeler
  • Add on Covers for Enhancement of Nil Depreciation under conditions
  • Optional Road Tax Cover (In case of total Loss)
  • Return to Invoice Cover
  • No Claim Bonus Protection Cover
  • Continuation of NCB even after OD claim
  • Engine Protect Cover (due to ingress of water for any reason);
  • Additional Towing Charges Cover
  • Loss of Contents Cover of personal belongings on accident)

Members and students may purchase the Motor Vehicle Insurance Policy online at the website

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