Buying a policy that leaves you underinsured or has “hidden costs” is definitely a bad idea.
Insurance providers today may claim to be the best, but it is important that you find your perfect combination of features before you buy auto insurance.
A customer is eligible to receive an NCB benefit for each claim-free year. The maximum discount that is allowed is 50% if a customer has no claim in his last five years.
While the premium for the auto insurance goes up, the regulator is also asking the insurers to pay third party claims.
Car insurance is a must in India. However, there are multiple factors that influence the car insurance. Here is a guide to arriving at your car insurance premium.
Watch the interview of Pankaj Mathpal, Optima Money Managers with Sumaira Abidi on CNBC-TV18, in which he advised about why you need motor insurance.
Most individuals take utmost care when they buy car. But they do not take adequate efforts while purchasing car insurance.
Bringing a lapsed two wheeler policy to life involved a complicated process earlier, that made many ride without insuring their bikes. However online brake-in renewal has made it easy to renew lapsed two wheeler policies.
In case your car has been stolen, you have to lodge an FIR. Your claim won't be settled without it.
Car insurance esnures that the newest member of your family is well protected without you having to worry about massive bills
The No Claim Bonus is a great way to reduce the premium on comprehensive motor policy. However, this benefit is only available under certain conditions.
The most importanat part of any two wheeler insurance plan is raising and settling the claim in case of damage.
When you file a claim, your car insurer will employ a rather complex formula to ascertain the amount payable. This formula factors in depreciation, leaving you to pay a hefty fraction of the overall costs.
Having car insurance protects the investment you have made in your automobile, it protects you from liability lawsuits, it also covers damages to your car, and it gives you peace of mind, just to name a few. It‘s a single plan that relieves you from all your motor insurance related worries in one go.
Motor insurance (also known as vehicle / car / auto insurance) is insurance purchased for cars, trucks, and other road vehicles. Its primary objective is to provide protection against physical damage resulting from traffic collisions and against liability that could also arise there-from.
In this day and age of growing needs, various external factors affect each vehicle owner directly or indirectly in some way or the other. Sometimes having general car insurance is not adequate and various add-ons are increasingly becoming an essential part of the auto insurance package.
Vehicle insurance is an integral part of vehicle ownership. Though it is a recurring annual expense, good news is that you can pull off huge savings in the premiums. Hence, it would be a good idea to be well aware of the nitty-gritty of such policies.
Third party insurance cover - The third party liability covers you from any damage to third party who is at your fault; it covers damage, injury, death of a person caused by you.
Buying a car is always a major life event. Whether you are buying a used car or a brand new, expensive car, you will invest a lot of your time and of course money to ensure you get the best deal.
The general insurance industry today termed the decision of the sectoral regulator to increase the motor insurance premium as a step in right direction, but too low to cover losses in this segment.
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A vehicle is a valuable possession for its owner. Motor insurance is mandatory by law so every car or bike owner must have a motor insurance. But not all are aware about its features, what is actually covered and what is not.
Car insurance premiums can be a burden on the pocket. Nevertheless, to shirk auto insurance is not an option. What you can do instead is to study the important factors that affect car insurance premiums the most.
Two years ago, insurance agents were falling over themselves to sell Unit Linked Insurance Plans (ULIPs). Then insurance industry regulator IRDA stepped in and reduced ULIP commissions considerably.
Special attention towards pension, travelling (especially at the time when railways have increased tariffs) and getting more interest rates on the deposits will be the key area of interest for retired person.