CAR INSURANCE ONLINE
HOW IT WORKS ?
1. Choose Car & Select Insurance Plan
Define your needs, select a car of your choice by comparing online
2. Online Purchase Add-ons Perks
We give wide range of Policies that provide Add-ons
3. Compare Car Insurance Quotes
Get multiple quotes online. Sit at home & Compare best plans.
4. Choose Plan & Purchase
Final Step - Review Policy, Choose & Make Payment
Entire process completed online, no need to visit anyone
Various benefits covered - Theft or Damage to car
Provide Accidental Benefits
Get covered for injuries suffered in accident
Easy & Quick Online Buying
Instant, Simple and Hassle Free buying Online
Buy at your own time
Browse & Buy Online from anywhere, anytime
Haggle Free Buying
Smooth & Convenient throughtout online process
Offers & Deals
Choose best policy from wide range of policies
Renew Anytime Online
Not only buy policy online, Renewal process is easy too
FREQUENTLY ASKED QUESTIONS
What Motor Insurance cover should I buy? Should I buy Comprehensive Insurance or Liability Policy only?
Third Party Liability insurance is mandatory for all vehicles plying on public roads in India. This covers Liability for injuries and damages to others that you are responsible for. In addition, it is prudent to cover loss or damages to the vehicle itself by way of Comprehensive/Package policy, which covers both “Liability” as well as “Own damage” to the insured vehicle. Liability Only cover is also known as Act Only cover.
What are the benefits of comprehensive car insurance?
Comprehensive car insurance not only protects you against third party liabilities but also helps you avoid unnecessary expenses that might occur due to accidents or theft.
How is the IDV calculated?
IDV is calculated as manufacturer’s listed selling price minus depreciation. The registration and insurance cost are excluded from IDV. The IDV of the accessories which are not factory fitted, are calculated separately at extra cost if insurance is required for them. The depreciation schedule is as follows:
Age of Vehicle % Depreciation for adjusting IDV Not exceeding 6 months 5% Exceeding 6 months but not exceeding 1 year 15% Exceeding 1 year but not exceeding 2 years 20% Exceeding 2 years but not exceeding 3 years 30% Exceeding 3 years but not exceeding 4 years 40% Exceeding 4 years but not exceeding 5 years 50% The IDV of vehicles aged over 5 years is calculated by mutual agreement between insurer and the insured. Instead of depreciation, IDV of old cars is arrived at by assessment of vehicle’s condition done by surveyors, car dealers etc. IDV= (Manufacturer’s listed selling price- depreciation) + (Accessories that are not included in listed selling price-depreciation) and excludes registration and insurance costs.
Why is IDV important?
IDV is the amount that you will get in case your vehicle is stolen or suffers total loss. It is highly recommended to get IDV which is near the cost of market value of car. Insurers provide with range of 5% to 10% to decrease IDV which could be chosen by customer. A lower IDV may help reduce your premium, but can lead to significant loss in case of a claim.
What is the period of the policy?
A motor policy is usually valid for a period of one year and has to be renewed before the due date. Pay the premium on time. No Insurer offers a grace period for paying the premium. In case of lapse of policy by even one day, the vehicle has to be inspected. Moreover, if a comprehensive policy is allowed to lapse for more than 90 days, the accrued benefit of NCB (No Claim Bonus) is also lost.
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Are there discounts that will lower my premium?
In addition to NCB, there are additional discounts available under Own Damage Premium for membership of Automobile Association of India, Vintage Cars (Pvt. Cars certified by the Vintage and Classic Car Club of India); Installation of anti-theft devices approved by Automobile Research Association of India (ARAI), Pune and whose installation is approved by AAI; Concessions for specially designed/modified vehicles for the Blind, Handicapped and mentally challenged persons, which are suitably endorsed in the RC by the RTA concerned; - opting for voluntary additional deductible/excess.
What are the documents to be kept in the vehicle while plying in public places?
- Certificate of Insurance
- Xerox copy of Registration Certificate
- Pollution Under Control Certificate
- Photocopy of Driving License of person who is driving the vehicle
Can I transfer my insurance to the purchaser of my vehicle?
Yes, the insurance can be transferred to the buyer of the vehicle, provided the seller informs in writing of such transfer to the insurance company. A fresh proposal form needs to be filled in. There is a nominal fee charged for transfer of insurance along with pro-rata recovery of NCB from the date of transfer till policy expiry. It may be noted that transfer of ownership in comprehensive/package policies has to be recorded within 14 days from date of transfer failing which no claim will be payable for own damage to the vehicle.
What are the documents that are required to be submitted for a Motor Insurance claim?
Generally, the following documents are required to be submitted. However, read through your policy to see the complete list—duly filled in claim form, RC copy of the vehicle, Original estimate of loss, Original repair invoice and payment receipt. In case cashless facility is availed, only repair invoice would need to be submitted and FIR, if required. For theft claims, the keys are to be submitted. Theft claims would also require non-traceable certificate to be submitted.