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Throw Stress Out Of The Window.
- Coverage against
- Damage or loss to your car against accidents.
- Damage or loss due to man-made disasters such as theft, fire and riots.
- Damage or loss due to natural calamities such as flood, earthquake and storms.
- Damage or loss of life of owner-driver.
- Financial and legal liability arising out of death, bodily injury or loss/damage caused to property owned by a third party.
- The repairs of vehicles in case of damages due to an accident.
- Benefits to survivors in case of death due to an accident.
- Avoid a dent in personal savings in case of loss and damage due to unfortunate events related to your car‐little savings today can save you from big financial trouble tomorrow!
- Saving time in finding garages and claim settlements which can be tedious and stressful in the aftermath of accidents.
- Availability of Add-On Covers to provide life coverage to co-passengers, meet medical and hospital cash expenses, cover expenses of replacing lost and stolen key, counter depreciation and more.
Most important to be noted, Car Insurance is mandated by law in India
All You Need to Know About Car Insurance in India
Here is your handy guide to understanding Car Insurance
Eligibility, Documents And Process To Buy Online Car Insurance
In India, if you own a car, you are eligible to buy car insurance. In fact, it is mandatory, to have your car insured the moment you become the owner. Driving a car without insurance is a legal offence.
You can buy your insurance through the company you bought your car from, or directly from a car insurance provider. You can do this offline via car insurance agent, but the best is to buy online after comparing various insurance options as per your specific needs for car insurance.
At ShoppingOnline.co.in, we provide you a comprehensive platform which provides answers to all your car insurance related questions and helps you to compare and choose the best car policy.
You simply have to fill in the required details such as your name, contact details, car model and make, car registration number, your city and you will get an access to all possible options on car insurance policies to choose from.
The documents that you will need if you are buying the online car insurance are:
- Your current policy document, in case of renewal or switch
- Your driving license copy
- Your vehicle registration documents with the copy of RC (Registration Certificate)
- Your address proof
- A voided check in case you want to set up EFT (Electronic Funds Transfer) for premium payment.
Key Advantages And Features
You Fulfill Legal Requirements
As per the Indian Motors Vehicle Act, third party insurance is mandatory on all the vehicles. Along with that, buying a comprehensive car insurance helps you to remain in compliance of regulations and set your mind free too.
You Can Bear Accidental Damages
If your car meets with an accident, you can simply claim insurance and bear the expenses without shedding loads of money from your own pocket.
Third Party Cover Is Very Important
If you cause a damage to another person’s car or the driver gets hurt, you can bear the damage or loss of limb by claiming your third party insurance, which covers hospitalization and legal expenses too.
Car Damages Due To Natural Calamities Are Covered
You Can Claim Against Theft and Vandalism
Enjoy No Claim Bonus
Add-on Covers With Your Car Insurance!
Add-on is an additional benefit added to your car policy which covers your car against unforeseen expenses. You can buy add-ons, also known as riders, by paying extra premium.
There are various types of add-ons offered by insurance companies, but you should select the one according to your specific requirements.
This add-on is applicable on the owner(if he is driving the car) as well as the paid driver. With this add-on in place, the insurance company will pay a lump sum amount as a compensation to the driver, if they die or suffer a serious injury in a car accident. This is one of the most important add-ons to have on your car policy.
Engine is the most important part of your car and it is likely to get damaged by incidents like flooding. As your policy does not covers damage caused due to flooding, engine cover add-on helps you to bear the engine repair or replacement expenses through your car insurance policy.
If your car is at a garage for repairs, this cover helps you with cash to arrange for an alternative mode of transport till you get your car back. It is normally given for a period of 10-15 days and ranges from Rs. 500-Rs. 1000 depending on the model of the car.
If your car is not older than three years, you can buy this add-on to claim for any money spent on nuts & bolts, screen washers, engine oil, bearings and other consumable parts, when your car meets with an accident. This is usually not covered in a car policy. All of the above add-ons are optional but they are very useful in certain situations. Keeping in view your actual requirements, you may opt for some or all of them.
After an accident, some of the car parts need to be changed. Depending on how old the car is, the insurer will pay as per the depreciated value of those spare parts. If you have zero depreciation cover attached to your policy, you get the insurance claim as per the actual value of spare parts, which helps you save a lot of money on car repair.
Assistance on Road:
This add-on cover ensures that the insurance company arranges for your car to be towed away to a garage and get you help to reach your destination, in case your car gets broken in a secluded place.
Lock And Key Replacement Benefit:
If you lose your key and require getting a new key and lock, this add-on can help you get the actual cost of it rather than just a limited amount that insurance companies normally offer.
Return to Invoice Cover:
Usually your car is valued as per the Insured Declared Value (IDV) or current market value, which is lower than the actual value of the car. If your car gets totally damaged in an accident or gets stolen, the insurance company will pay you the claim as per IDV. But with this add-on in your policy, you can get the actual value of your car without deducting the registration charges, road tax and any depreciation calculated on it.