Former insures only the marins perlis
Car Insurance
Comprehensive Motor Insurance Plan
General Terms
It protects the owner against legal liability arising from an accident causing any permanent injury or death as well as any damage to the property. It also covers for fire and theft provided the vehicles are laid up in a garage and not in active use.
Main Features
Here are five major car insurance benefits.
- Damage or loss to insured vehicle. In case your vehicle is damaged due to an accident, fire, or self ignition, you are protected. ...
- Personal accident cover. ...
- Large network of garages. ...
- Third party liabilities. ...
- No claim bonus. ...
- Quick and hassle-free process. ...
- Customer support.
Highlights
You pay a specific sum of money as insurance premium to insure your asset against unfortunate events, which can cause monetary losses. In exchange for the premium, the insurance company promises to offer financial assistance in case of a list of events mentioned in the terms and conditions of the policy.
What are the benefits of buying a insurance policy?
Benefits of Insurance Coverage
- Provides Protection. Insurance coverage does reduce the impact of loss that one bears in perilous situations. ...
- Provides Certainty. Insurance coverage provides a feeling of assurance to the policyholders. ...
- Risk Sharing. ...
- Value of Risk. ...
- Capital Generation. ...
- Economic Growth. ...
- Saving Habits.
Eligibility
Vehicle insurance or motor insurance is a type of insurance policy which safeguards you financially in case your vehicle (car or two-wheeler) sustains damages due to natural or man-made calamities such as earthquake, flood, lightning and theft among others.
Advantages
- If your car is involved in an accident that results in damage or loss to the property of any third parties, it is covered under the car insurance. Furthermore, if you face any legal liabilities in case of any bodily injury or death of a third party, your car insurance protects you against the same.
- It provides protection in case of third-party liability along with a cover against damages to the insured vehicle or injuries caused to the owner or driver. Along with this, comprehensive motor insurance protects your car from various damages caused due to riots, vandalism, natural disasters, theft, etc.
- Car insurance protects you from various damages caused to the car, be it repairing a broken windshield or cost of major mechanical repairs due to collision and so on. If you have insurance, the repair costs for major damages in case of an accident are borne by your insurance provider.
Premium Chart
Frequently Asked Question
What is the meaning of endorsement in car insurance?
It is a written document that addresses the agreed change in the policy; it is a document that incorporates the change in policy terms as per insured’s request
Can car insurance premiums be paid in instalments?
No, you cannot pay the car insurance premium in instalments. Section 64VB states that car insurance coverage cannot be offered i.e. the company cannot undertake the risk of offering coverage for the car unless it receives full premium payment on or before the policy start date
Do I need to inform the insurance company about the change in LPG/CNG kit?
Yes, on changing the CNG/LPG kit, you will have to inform the insurance company and also the Road Transport Authority. On your notification, the insurance company will inform you about the change in premium and the RTA will make the changes in the registration certificate. The change in the kit should be done in the registration certificate barring which the insurance company can reject your claim.
Is car insurance policy transferrable?
If you are selling your four wheeler, you can transfer the CAR INSURANCE POLICY too in the name of the new owner. Within a period of 15 days, the new car owner should inform the insurance company about the transfer of policy.Pre inspection of vehicle is required to be done. However, the NCB that you earn cannot be transferred in the name of the new vehicle owner.
Other Plans
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