Let your 4 wheeler be free wheelers
According to Indian Motor Tariff, every car (4 wheeler) owner compulsorily ... needs to have at least a third-party car insurance policy. And, thus, a car insurance policy helps the policyholder to be legally compliant. If there's no policy then the owner of the car (4 wheeler) is punishable with a fine of Rs. 2,000 and/or 3 months imprisonment.
A car insurance policy helps you against third-party, in case of ... liabilities like temporary/permanent disability, bodily injuries, property damage, or death. While the settlement amount of third-party property damage is specified to Rs. 7.5 Lakhs, there is no payment cap in a situation of third-party temporary/permanent disability, bodily injuries, or death.
Damages caused to the car (4 wheeler) due to natural calamities, ... man-made disasters, road accidents, etc. are covered in comprehensive car insurance plans as well as standalone own-damages. So in this scenario, a car insurance policy benefits you by staying financially ensured against the own-damage expenditures of your car (4 wheeler).
In case your car gets stolen, your insurer offers you the coverage of your car with Insured... Declared Value (IDV) by comparing it to the market price of your car (4 wheeler).
To customize your Term Plans, use our online calculator and create your premium selection.
Fill in your required details and answer the health-related questions.
To complete your purchase, pay from the broad set of options provided and upload the necessary documents mandated to issue the policy.
The better the ratio, the higher are the chances of getting your insurance claim settled conveniently.... In fact, we cover maximum insurers with a high claim settlement ratio, to make your Insurance choice better and worry-free.
Did not like the terms of the policy? What now? Well, do you want to opt for another Policy? ... No worries, our all policies come with a 15 days Free Look period, and that lets you compare the policy even after the purchase and return if you don’t like it.
We assure that every client is offered proper help for the claim processing. During this process, ... our dedicated team members & Relationship Managers give in their best to ensure you with the correct guidance at the right time.
Gather Your Receipts: To raise a claim, firstly, you must obtain a thorough invoice from your doctor or medical source.
Fill in an application form: This form is a document that declares and provides your insurance organization with more details regarding the illness or accident.
Keep a copy handy: It's a good idea to make copies as a preventive measure. Before submitting the claim to your insurance company, do organize your whole claim properly.
Review & Call: As you have all your documents filled out, send them to your insurance company and make sure to contact them on a call too.
Comprehensive Car Insurance, OD Policies (Own Damage Policies) & 'Third-Party Insurance' are the kinds of car insurances in India. When you want to be compensated for any damages caused to you, your vehicle, your co-passengers due to an accident, theft, fire, explosion, or natural disaster, you can buy the comprehensive car insurance policy & add necessary add-ons for the above coverages. On the other hand, RTO has made it compulsory to have third-party insurance for every vehicle in India. A Third-party insurance policy is mandatory by law to secure you against losses incurred like bodily injury or death to a third party or any damage to the property.
Well, you can buy a car insurance policy within seconds by simply providing your registration number in the form along with the following details as engine number, chassis number, car registration number, car manufacturing date (mm/yy), date & city of car purchase, previous car policy number (if you have any), your contact details (address, phone no and email id) and you must also keep a copy of your car’s RC book.
This is just applicable for Private Car & Two Wheeler policy and not for Third Party Liability. Well, you can renew your policy by simply making a payment online if your car insurance policy has lapsed. Also, you can get your policy immediately by carrying out an inspection yourself, and by uploading photos of your car. Then, your inspection ID will be created, and post adequate inspection, on the recommendation of a surveyor your policy will be renewed.
Yes, a car insurance policy is transferable to the new car owner from the old owner in case of the deal of a second-hand car. The policy transfer should be done within 14 days from the car’s buying date, as per the Indian Motor Tariff.
The loss of the assured car’s value with time because of wear and tear is known as the depreciation in a car insurance policy. The depreciation plays an essential role in a car insurance policy as the insurers consider the car’s age, to define the value they approve to offer for your car.
A cover note in a car insurance policy is temporary certification of insurance provided by the insurers prior to the issue of a policy after the insured individual has given a properly filled-in submission form and has made the full amount of premium.