Your car is not only a high value asset but also a highly valued possession. Therefore, it becomes crucial to insure your valuable possession. In today’s times you need a comprehensive policy that not only covers you against the mandatory third party liability but also against the losses caused due to fire, theft, explosion, burglary, riots, strikes, earthquakes, flood, cyclones, accidents, malicious acts and terrorist activities.
With growing needs and dynamic external factors, the regular car insurance is no longer sufficient. So General Insurance Companies has endeavored to offer evolved benefits giving maximum value additions over and above the basic benefits
This cover offers full claim without any deduction for depreciation on the value of parts replaced. The cover is available for vehicles up to 3 years old and operates for maximum 2 claims during the policy period.
This cover pays the difference between the ‘claim amount receivable’ under the policy and the ‘purchase price of vehicle’ as per invoice in case the vehicle is declared a Total Loss or a Constructive Total Loss.
In case the same vehicle make and model is available at a lower price than the purchase price, then the lower price will be considered for arriving at the differential amount.
The cover also pays first time registration charges and road tax on the insured vehicle. Cover is available for vehicles up to 3 years old.
This cover pays a fixed sum towards hiring a transport while the vehicle is under repair for a valid claim and the repair time is more than 3 days.
The cover will be valid for maximum 10 days and in case of Total Loss / Theft claims, validity will be up to 15 days.
Period of Daily Allowance may extend beyond the policy period depending upon the date of loss
Under this cover the ‘No Claim Bonus’ will not be impacted if repair rather than replacement is opted for damage to only Glass, Fiber, Plastic and Rubber parts provided no other claim for damage to the vehicle is preferred during the policy period. This cover is free.
Normally in case of a claim, the ‘No Claim Bonus (NCB)’ component of your car insurance policy gets impacted. However under this cover, the existing NCB can be retained. Such retention of NCB will be applicable in case of certain claims if the bonus accumulated is 25% or more and there is no claim in the preceding 2 years.
This cover pays the cost to replace vehicle keys if lost or stolen, plus the cost of locks if the vehicle is broken into.
This covers pays for the loss or damage to personal belongings inside a vehicle at the time of loss or damage to the vehicle in excess of Rs. 250
This cover pays the cost of overnight stay and taxi charges for returning to the place of residence or the nearest city of travel, if the vehicle becomes immobile due to an accident.
This type of insurance policy covers only third party damages (any sort of) due to accident. Motors own damage is not at all covered, the premiums are very low.
While purchasing a new car if you are entitled for No Claim Bonus on your existing car & if you sell it, then No Claim Bonus can be transferred to the new car so that the premium can be lower down. The validity of No Claim Bonus certificate is up to 3 years from the date of issuance, which we can take the benefit only once in three years as per our need.
A type of insurance policy which is mandatory in India to protect your vehicle against any damage which might result in a financial loss. Also, any third party liability which has arisen due to the use of your vehicle is covered under car insurance.
A comprehensive insurance policy provides protection to your vehicle due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in terms of death, bodily injury and third party property damage.
It's a discount on the own damage premium payable when renewing your policy after a claim-free year
Yes, the insurance can be transferred to the new buyer of the vehicle, and this needs to be done within 14 days of the change of ownership.
