Third-Party Car Insurance
Third-party car insurance is the basic cover that is mandatory for a car owner to be able to drive on the Indian roads without getting penalized. This insurance covers damages/injuries of third-party person/property/car that are caused by an insured car in an accident. This obligatory cover is necessary for a car owner for legal compliance.
Third-party car insurance is a coverage that protects the insured person from third-party liabilities that may arise due to accidents or collisions involving the insured car. Under the third-party insurance policy, you get coverage against any bodily injuries or death of a third-party person or damage to a third-party vehicle or property. Every car owner in India must have third-party insurance as per law.
Highlights of Third-Party Car Insurance
Best Third-Party Car Insurance Plans Providers
Best Third-Party Car Insurance Plans Providers
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Third-Party Car Insurance Everything You Want to Know
Key Benefits and Features of Third-Party Car Insurance in India
The Comprehensive car insurance plans allow coverage for liabilities caused to third parties in the event of accidents taking place due to the fault of the insured vehicle.
Your comprehensive car insurance plan offers coverage for various damages caused to your car in the event of a mishap including damages caused by natural calamities and man-made disasters like earthquakes, floods, riots, vandalism, etc.
The Comprehensive car insurance plan also covers the insured car driver with a personal accident cover against disabilities and death. Hence, in the event of accident-causing injuries to the driver, or in the case of an unfortunate demise of the driver, the family members can claim decent compensation.
With comprehensive car insurance plans, you can get covered for third-party liabilities as well as the damages caused to your vehicle. Thus, you don't have to buy a third-party plan separately if you have a comprehensive policy.
Under a comprehensive vehicle insurance plan, you can include several add-ons to widen the coverage of your car insurance plan. Some of these include zero-depreciation cover, engine protection cover, lock and key replacement cover, no-claim bonus protection cover, etc.
Your comprehensive car insurance policy allows you to avail of cashless claims in network garages offered by the insurer across India for repairing your car.
Your comprehensive car insurance policy makes you eligible to avail of a no-claim bonus in case you haven’t raised any claims during your last policy year. So, this will make you eligible to avail of a discount on the premium of your vehicle insurance during the next renewal.
Comprehensive Car Insurance Plan - Inclusions and Exclusion
Comprehensive Car Insurance Plan - Inclusions
Natural calamities - Damages caused by natural disasters are covered under comprehensive car insurance policies. These include damages caused to your car due to flood situations, earthquakes, hailstorms, etc.
Man-made disasters – Damages caused to your car due to any man-made catastrophes like riots, strikes, vandalism, and acts of terrorism are covered by most comprehensive car insurance policies.
Third-party liabilities - Third-party liabilities including damages caused to third-party vehicles, injuries caused to third-party people, and third-party deaths and disabilities are also covered under your comprehensive car insurance policy.
Coverage against car theft – In case of loss or damage caused to the insured car due to vehicle theft, they are covered by your comprehensive car insurance policy.
Coverage against fire – Losses incurred by the insured car due to fire, self-ignition, or explosion are all covered by your comprehensive car insurance policy
Accidental damages – Your comprehensive car insurance policy also offers coverage against accidental damages caused to your car.
However, in the case of death during the waiting period for any reason other than accidents, 100% of the premium is paid back.
Comprehensive Car Insurance Plan – Exclusions
Your comprehensive car insurance policy doesn’t cover the expenses of car damages once the policy expires and if it is not renewed immediately. Hence, renewing your policy regularly is important
If the driver driving an insured car is under the influence of intoxicating substances like alcohol or drugs at the time of an accident, it doesn’t cover the damages caused in such cases
If the driver is driving the vehicle without a valid driving license at the time of an accident, the damages caused will in such situations will not be covered
Damages caused due to wear and tear of a car are also not covered
Damages caused to your car due to the use of nuclear weapons, civil war, etc., are not covered
How to Select the Best Comprehensive Car Insurance in India
At the time of buying a comprehensive car insurance policy, do compare different plans offered by different insurance companies online. Only after proper research and consideration, go for the right comprehensive car insurance policy for your vehicle to avail of adequate benefits.
Don’t forget to consider the claim settlement ratio (CSR) of your car insurer before opting for your car insurance policy. Choose a high claim settlement ratio for better settlement of claims by the insurer.
Always look for comprehensive car insurance companies offering access to maximum network garages across the country to help you avail of cashless claims easily and promptly.
Buy a comprehensive car insurance policy offering maximum add-on covers such as roadside accident cover, zero depreciation, consumable cover, and more to enhance your coverage better.
Check with the car insurance company for no-claim bonus status to avail of a 20-50% discount on the premium price on your next car renewal. This bonus discount is available if you do not make any claims during a policy year.
Factors Affecting the Comprehensive Car Insurance Premium
Add-on covers that you buy with your comprehensive car insurance policy, enhances the premium price of the policy. These add-ons are offered by almost all car insurance companies. You may opt for zero-depreciation cover, roadside accident cover, or consumable cover, among others.
The RTO location where your car is registered also matters in determining the premium of the vehicle. Areas with more cases of thefts and accidents might charge greater premium amounts than other locations.
Installation of anti-theft devices in your car is likely to reduce the premium for your comprehensive car insurance policy to an extent. This is because the anti-theft devices protect your car from theft and stolen parts.
Car make, model, as well as car variant, are factors that significantly impact the premium of your comprehensive car insurance policy. A top variant luxurious car will incur a high premium as compared to regular cars.
Comprehensive Car Insurance Claim Procedures
Below are the steps to raise a cashless comprehensive car insurance claim:
Below are the steps to raise a reimbursement comprehensive car insurance claim
Documents for Claiming Saral Jeevan Bima Yojna Insurance
Ask Anything as We Have Answers to Everything in Insurance
Comprehensive car insurance is an insurance plan offering all-inclusive coverage to your car that includes third party coverage and own car damage coverage. With a comprehensive plan, policyholders can buy add-on covers to widen the coverage available under the plan, which makes the policy expensive. However, it is one of the most recommended plans for car insurance.
