Car insurance or Motor Insurance is a legal contract between a car owner and a general insurance company wherein the latter promises to protect the vehicle owner from unforeseeable financial losses which may occur due to unforeseen event involving his/her vehicle. It provides monetary compensation to the policyholders in the event their car is stolen or damaged due to any such circumstances. Individuals has an option to select from the three types of car insurance.
As per the Motor Vehicles Act, it is mandatory for all vehicles plying in any public space to have a motor insurance cover. In India, policyholders must have at least 'third party liability' motor insurance cover, even when opting for the basic insurance plans.
A car insurance is a legal contract between a car owner and a general insurance company wherein the latter promises to protect the car owner from any financial losses which may occur due to an unforeseeable event involving his/her car. There are three types of car insurance plans-third party insurance, comprehensive insurance and standalone own-damage car insurance. One can renew car insurance policy online to get an instant e-Policy.
Car Insurance key Feature and Benefits:
|Third-party damages||Death, injuries & property damages|
|Own damage cover||Available under standalone and comprehensive|
|No Claim Bonus||Up to 50%|
|Insurance premium||Starting at ₹2094|
|Add-on covers||More than 10 add-ons such as NCB protect, Personal Baggage, etc.|
|Personal accident cover||Up to ₹15 lakh|
Some other add-on benefits that are on offer along with care insurance are:
There are 3 types of car insurance policies defined on the basis of scope of coverage:
Car insurance premium of third-party insurance plans is determined by the IRDAI, whereas the premium for standalone own-damage and comprehensive plans vary from one insurer to another insurer. Some factors which affect the premium for own-damage four-wheeler insurance cover are::
Comparing car insurance online is not at all a tricky process now a days. All you need is an internet connection and a few minutes to compare insurance plans online. Same goes for motor insurance which has vehicles like cars, two-wheelers, and other road vehicles under its ambit. You can buy motor insurance cover for your vehicle against the damages caused by natural disaster and accidents.
Here is how you can compare car insurance online:
Car Insurance Policy Inclusions:
Car Insurance Policy Exclusions:
List of add-ons in car insurance/motor insurance are:
The process of buying a car insurance or motor insurance online is quite simple and easy. Here’s how you can buy the right insurance online:
Below are some key benefits of buying an insurance online:
To renew motor insurance policy, visit your insurance provider's website to fill in the details such as; your existing car insurance policy number, car registration number, mobile number and email address. Enter the policy details and review add-on covers you would like to opt-in and opt-out of. Select your preferred add-on(s) and complete the process by paying the premium amount via online payment gateway.
Buying and renewing car insurance online is a common practice now a days. By purchasing a car insurance policy online has a clear advantage over offline mode because of the following reasons:
The process of filing a claim for car insurance involves a few steps. Follow below guide for raising a claim against your car insurance policy:
Following documents are required to process a claim in case of an accident claim:
Document required to process a claim in case of theft of insured car:
In case of Third-party claims, following document would be required:
SecureNow’s expertise is more than just about insurance policies. Our extensive training and experience focus not only on specific types of insurances, but also risk management. We can help you to get the right car insurance plans, by actively working as an advisor on your behalf. It doesn’t cost you anything extra to use our services. We as an insurance broker;
Purchasing a car might have been your dream since your childhood. Now that you have accomplished it, it is necessary to secure your most prized possession through a Motor Insurance policy which is legally mandatory for every car owner. Given the increased reliance on the internet in today’s world, most General Insurance companies have expanded to providing insurance through their online portals. So, in this article, we will discuss the pros and cons of buying car insurance online. Therefore, being just a click away, the process has become straightforward and popular among people across the world.