Insurance

Car Insurance

Car insurance is a type of motor insurance that protects your vehicle against losses arising from accidents, theft, natural disasters, fire, or vandalism. In India, it is legally mandatory to carry at least a third party insurance policy, and driving without valid coverage can result in penalties. For complete peace of mind, opting for a comprehensive car insurance plan is advisable, as it covers both your vehicle and third party liabilities. While third party insurance only covers damages to others’ life and property, a comprehensive policy safeguards your own car and also offer protection against natural calamities, man made incidents, accidents, and more.

While third party insurance covers damages to others’ lives and property, a comprehensive plan can ensure coverage for damages to your car as well. With comprehensive car insurance, your car is covered against damages due to natural calamities, manmade disasters, accidents, and more.

• Car insurance protects your vehicle against damages and losses caused by accidents, theft, natural and man-made calamities, fire, third-party liabilities, etc.
• It is mandatory to have third-party car insurance to legally drive your vehicle on Indian roads.
• You can opt for add-ons like Zero Depreciation Cover, Consumable Items Cover, IL Smart Assist, Engine Protect Plus, Pay As You Drive and more to customise your car insurance coverage.
• Your car insurance premium is based on your vehicle’s IDV, fuel type, make and model, age, geography, claim history and add-ons opted.
• You can earn a No Claim Bonus of up to 50% for not making any claims in five consecutive years.
• You need to renew your car insurance policy on time to retain your accumulated NCB, avoid a policy lapse, meet legal requirements and enjoy continuous coverage.