Car Insurance
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A car insurance is the policy which covers your car against financial losses that you may face in case of accident or theft of car. You pay a certain amount as a premium to the insurance company to buy this cover, and they agree to pay for accidental damages and theft losses. As per IRDA (Insurance Regulatory and Development Authority), it is mandatory for any vehicle running on Indian roads to be covered under an active car insurance policy.
Based on the type of policy and add-ons that you opt for, your car insurance policy may include:
Liability Cover
Invoice Cover
Engine Protector
Tyre Cover
Electrical Accessories
PA For Unnamed Passenger
Consumable Cover
24*7 Roadside Assistance
No Claim Bonus
Key & Lock Replacement
Non-Electrical Accessories
LL To Paid Driver
How Car Insurance Works
Car insurance is given to you based on various factors like the brand and model of your car, what kind of driver are you, and your past car insurance history. You may opt only for a third party cover
accidental car insuranceThe comprehensive policy is a package of different types of features (add-ons) like liability cover, accident cover, invoice cover, consumable cover, engine cover etc. All these are discussed in a separate section on our website.
Please note, while buying a car insurance, you are required to choose a deductible, which is the amount you are willing to pay, against the losses incurred. This amount determines the annual premium you will pay for your car insurance. Higher the deductible, lower the premiums.
The insurance company pays a part of the losses, while the deductible amount chosen by you will be paid by you. For example, if the total expenses you have to bear to get your car repaired after an accident are INR 20,000/-. Your chosen deductible is INR 5,000/-, then the insurance company will pay INR 15,000/- and you will pay INR 5,000/- from your pocket.
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