Motor Insurance
- CAR Insurance
- Home Risk Insurance
- Workers Compensation Policy
- Group Accidental Policy
- Property Insurance
- Doctors Professional Indemnity Policy
- Shopkeepers Insurance
- Marriage Insurance
What is Motor Insurance?
Motor Insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise there from.
Term Life Insurance
- Term insurance plans provides complete comprehensive income protection to your family. We calculate the Human Life Value (HLV) of the individual before arriving at the required Risk Cover.
- Combination of Term Plan and a Mutual Fund Systematic Investment Plan offers Wealth Creation and Income Protection to family at the same time.
Important Factors To Consider While Buying An Motor Insurance Policy
What is ment by Bumper to Bumper policy?
Some Insurers give you a bumper-to-bumper policy that covers a new vehicle. As the name states, this type of warranty covers (almost) everything between your vehicle's front and back bumpers, meaning if your engine quits or oil starts leaking, you can take the car in for repairs at no charge.
What is Zero Depreciation Policy?
It means that if your car gets damaged following a collision, no depreciation is subtracted from the coverage of wearing out of any body parts of car excluding tyres and batteries. Zero depreciation car insurance policy offers 100% coverage for all fibre, rubber and metal parts without deduction of depreciation.
What is a No Claim Bonus(NCB)?
In motor insurance, No Claim Bonus, as the name suggests, is the insurer's reward to the policyholder for not making a claim in the preceding years. That is, NCB – which is a discount ranging from 20-50% on premium payable cannot be claimed as a right but has to be earned by maintaining a claim-free record.
Are there any specific exclusions under the policy?
Exclusions in a car insurance often proves to be a complex subject for car owners and the lack of knowledge about what their car insurance doesn't cover leaves them in a lurch. Indeed, exclusions is a tricky matter to understand and comprehend. Its better to contact your insurance advisor for more details.
Documents need to be submitted during an accident claim?
1.Policy / Cover Note copy
2.Copy of Registration Book, Tax Receipt (Original required for verification)
3.Copy of Motor Driving License (with original) of the person driving the vehicle at the material time
4.Police Panchanama / FIR (In case of third-party property damage/ death / body injury)
5.Estimate for repairer, where the vehicle is to be repaired
6.Repair bills and payment receipts after the job is completed
In the case that the car insurance claim is to be paid to repairer submit the following along with the documents mentioned above:
Claims Discharge Cum Satisfaction Voucher signed across a Revenue stamp in this format.