What is Car Insurance?
Benefits of Car insurance
Any damage to your car is covered by an accident.
In case of permanent disability and death, the insured can avail personal accident cover
Any type of disaster by nature like flood, earthquake, it covers financial security.
In case of theft, your insurance company will pay an amount that is equal to your IDV
If your car is stolen, the company will pay an amount equal to your IDV.
Riots, attacks, fire and terrorism (man-made disaster) were also covered
Types of Car Insurance Policies in India
1-Third-Party Liability Coverage
What is Covered
What is not Covered
Top 4 Car Insurance Policies
TATA AIG Car Insurance
Main Features of TATA AIG Car Insurance
quick renewal – Renewal service very fast go online give important details pay the renewal fee and you renewed your TATA AIG Car Insurance policy.
claim settlement service very user-friendly just call customer care helpline and they will assist you in every single step.
Availability of more than 4000 garages in all over India with cashless service.
addition addon cover is available in the TATA AIG Car Insurance policy.
Special Addon cover also available in TATA AIG Car Insurance
Bajaj Allianz Car Insurance
Main Features of Bajaj Allianz Car Insurance
Hassle-free instant paperless renewal
24/7 – claim assistance
Bajaj Allianz provides mobile app support for roadside assistance
More than 4000 garages across India with Cashless facility
Special Add-on covers – Depreciation cover, No-Claim Bonus Protector, etc.
Claim settlement – Quick claim settlement process
ICICI Lombard Car Insurance
Features of ICICI Lombard Car Insurance
Third-Party Personal Liability covers you against:
Loss or damage to your own vehicle in an accident
Loss or damage due to natural (fire, earthquake, etc.) or man-made disasters (theft). Personal Accident provides enough financial protection in case of Permanent Total Disability, death and cost of hospitalization due to a car accident.
Other Features of ICICI Lombard Car Insurance
National Car Insurance
National Car Insurance Benefits
Zero Depreciation Cover: This add-on makes you entitles you to claim the entire amount for the replacement of damaged parts of your car.
Garage Cash: With this add-on, the policyholder can request to compensate for the inconvenience caused while his/her car is being repaired.
National Car Insurance has garages all over India with a cashless facility.
Special Add-on covers – Zero Depreciation, Return to Invoice, etc.
Policies– third party insurance and the comprehensive type of insurance policies offered by national car insurance.
Zero Depreciation Cover: National Insurance will pay you the amount of depreciation deducted on the value of depreciable car parts, such as rubber, plastic, metal, nylon, etc.
Special Condition: Provided all the repairs are done at an authorized garage network.
No Claim Bonus (NCB) Protection Cover: No Claim Bonus is the concession that you get on the car insurance premium provided, you have not made any claim during the policy period.
Standalone windscreen glass or rear glass or door glasses, sunroof glass is not covered, claims will not be considered as a claim.
The claim of partial theft will not be considered as a claim under this cover.
Roadside Assistance cover provided a service facility to take care of your vehicle and your concerns in an unfortunate event of meeting your vehicle with an accident or breakdown. Some of the benefits are flat tire service, flat battery – jump start service, on-the-spot repair, fuel support (emergency fuel delivery), emergency towing assistance, spare key recovery/service for keying inside, continuity/return trip (Taxi support).
Vehicles should not be used for the purpose of racing, rallying, motor-sports, or in any instance where the Vehicle is not being used in accordance with applicable laws and regulations.
Return to invoice: If the car is stolen or completely damaged, the policyholder gets a requital amount from the insurance company as per rules.
No Claim Bonus (NCB) Protection Cover: No Claim Bonus is the concession that you get on the car insurance premium provided, you have not made any claim during the policy period. you are benefitted with the huge discount on the next year’s premium. If for the first year you made no claims you are offered with a 20% discount on the second year premium and so on. It keeps on increasing. The following table will provide the details.