Bought A Car But Not Happy Over Your Car Insurance?

Consider this illustration. You have got a brand new car. You take your lovely car out for a drive. Everything is going good until some person bumps your car from behind. This not only damages your car but also you feel as if your some dearest dream is shattered within seconds. You get worried whether the damage will get repaired and will I be able to bear the high costs? Such tensions can unnecessarily stress you and dismantle your savings.

However, if you have proper car insurance in place then all worries are nullified.

In this article, you will get to know all you should know about car insurance so that you can receive great benefits from car insurance.

#Car insurance-Introduction

Car Insurance is an arrangement which involves the car owner and the insurer. The insurer provides coverage against financial losses due to car damage. It covers damages caused due to accidents or natural calamities or any 3rd party liability occurred due to theft or accident.

#Types of Car Insurance in India

Car Insurance policy in India offers two types of covers-

  • 3rd Party Liability Cover
  • Comprehensive Cover Plan

Further you’ll get to know about the specifications of each of the two types of car insurance policies.

3rdParty Liability cover | 1st type of car insurance in India

This cover provides coverage against any legal liability which may result from your car’s accident. The 3rd Party Liability plan covers death, injuries or property damages occurred to the 3rdparty. This type of car insurance does not cover damages happened to the car.

As per Motor Vehicles Act of India, a 3rdparty liability cover is legally compulsory in India.

Further you’ll get to know about the 2nd type of car insurance in India which is Comprehensive Cover Plan.

Comprehensive Cover Plan | 2nd type of car insurance in India

Comprehensive cover plan provides protection to you as well as your vehicle.

Let’s see what all it covers-

  • A usual comprehensive cover plan includes coverage of costs due to damage to your car due to natural or manmade calamities as stated in the plan’s scope
  • A 3rdparty legally abiding liability cover
  • Personal accident cover for the car’s owner/driver up to Rs.1-2 lakhs requiring a small premium of just Rupees 100/-.

#Further value-added benefits for car insurance buyers!

In 2010, certain general insurance companies in India added a host of value-added benefits for car insurance buyers. This enabled customers to benefit from additional protective gears thanks to certain set of general insurance companies in India.

Each of these value-added options has their own USPs and helps customers to get more from car insurance policies.

For example choose from a car insurance provider which provides value-added services like-

  • Cash free settlement across 1500 trusted workshops
  • Hassle free and quick procedures for claim settlements thus ensuring complete customer satisfaction
  • Speedy online processes for purchase of general insurance and claim settlements
  • 24x7 customer support available

Hence, now you know how car insurance provides useful benefits to car owners. However, remember that always get a general insurance from trusted general insurance companies in India and read the offer related documents carefully before investing.