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Car Insurance

Types Of Car Insurance Plans That We Offer?

We offer three types of car insurance plans:

Third-party Car Insurance Cover Vs Comprehensive Car Insurance Cover

 

Damages/ Lossed Caused Third Party Insurance  Comprehensive Car Insurance 
Damages caused to a vehicle as a result of an accident Excluded Included
Losses due to the theft of car Excluded Included
Losses incurred due to natural disaster Excluded Included
Damages caused to third-party vehicle and property Included Included
Death of a third party caused as a result of the accident Included Included
Personal accident cover(if opted for) Included Included

    

  

Importance, Features, and Benefits of Car insurance Plan

What is the importance of opting for car insurance?

Purchasing insurance is an inevitable part of owning a car. Although investing in insurance might seem like an expense, it proves to be a lifesaver in case the worst happens. This is why you should consider opting for car insurance:

  • Compensation on death

Death of a policyholder can be one of the most dreadful of the impacts of an accident. On the occasion of a policyholder's death, the nominees are compensated to ensure that their daily expenses do not suffer on the death of their loved one.

  • Compensates for damages

Maintaining a car and paying for repairs in case of damages can be an expensive affair. Various factors like theft, damages caused due to man-made or natural disasters, damages caused to your car while in transit etc. have the potential to burn a hole in your pocket. Car insurance always has your back. It will pay for the expenses incurred as a result of these happenings, saving you from financial distress.

  • Hospitalisation expenses

Being hospitalised as a result of an accident is not only mentally stressful, the medical expenses incurred are sky-high and can drain your finances. Car insurance is your saving grace and pays the expenses incurred on hospitalisation, saving you from financial distress.

 

What are the features of a car insurance policy?

Third-party insurance makes good the damages suffered as a result of an accident caused by your vehicle while it was in motion. It also includes compensation payable on the death/disability of an individual and expenses caused as a result of property damage. However, it protects solely the interests of the third party.

✓ Comprehensive Coverage

Unlike a third-party policy, a comprehensive policy compensates for damages caused to your car preventing it from draining your finances. It also compensates for damages caused due to natural calamities, malicious intent, theft etc. Comprehensive policies also include a personal accident cover that provides compensation of up to Rs. 15 lakh in the occasion that the accident leads to the death of the driver.

✓ No Claim Bonus (NCB)

An insurance premium might seem burdensome since it is a recurring expense. However, awareness about certain offerings like No Claim Bonus (NCB) can help in reducing the value of the premiums for not making an insurance claim in the previous year.

✓ Add-ons

Although the coverage provided by comprehensive policies is extensive, it does have its limitations. Opting for add-ons of your choice helps in making up for the limitations of the policy and ensures that your car is optimally protected against damage.

 

Benefits of buying car insurance online

Reduces Paperwork

Purchasing insurance the traditional way involves extensive paperwork and is time consuming. Save yourself the hassle of paperwork and purchase the policy online in a few simple steps. All you need to do is log into the website of your policy provider and follow a few simple steps. Your policy purchase will be complete in a matter of a few minutes!

Secure payment experience

Purchasing a policy online eliminates the exchange of physical cash and ensures transparency in payments through online payment modes of your choice including Net Banking, Online wallets, Debit/Credit Cards etc.

Prompt customer service

Any difficulties regarding the purchase of the policy will be attended to promptly telephonically or via chat allowing you to purchase the policy without delay.

 

What are the benefits of renewing your insurance policy online

The internet age allows you the convenience of completing the entire purchase cycle online. Your car insurance providers have kept pace with the changing times to offer you a better user experience. This is why you should consider renewing your insurance policy online. This is why you should consider renewing your policy online:

  • Eliminate/reduce paperwork

Eliminate or reduce the paperwork by renewing your policy online. All you need to do is log into the website of your insurance provider, update the required details and make your payment online to ensure that your purchase is confirmed.

  • Avail the best deal

Purchasing a policy online eliminates the requirement of visiting an insurance agent. All you need to do log into the websites of multiple providers and obtain quotes from multiple providers for the features you wish to avail. You can also verify the credibility of the provider before shortlisting on a policy.

  • Switch insurance providers

If you wish to opt for a policy that offers better value for the premium payable, you can choose to switch to an insurance provider of your choice.

 

How to calculate car insurance premium?

Evaluating the offerings of multiple service providers can help you shortlist the best provider and an offer that best suits your requirements. Online insurance premium calculators come to your rescue by allowing you to calculate the approximate premium and other details based on different details provided by you. On entering the required details, the calculator will arrive at various premium payment options that might suit your requirements. The basic formula used to arrive at your insurance is as follows:

Premium Payable=Own damage premium-(No claim bonus+discounts)+liability premium (fixed by IRDAI).

Value of your Car

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Type of Car Insurance

dottie.get(val, 'field_paragraph_body.0.value') Type of Car InsuranceRoad Side Assistance

Add-on Coverage

dottie.get(val, 'field_paragraph_body.0.value') Add-on Coverage

Your Car’s Age

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Extra Security Features

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Your Claim History

dottie.get(val, 'field_paragraph_body.0.value') Your Claim History

Instant Policy Online

Our instant and simple policy issuance process makes buying car insurance online, a breeze.

Wide Range Of Add On Covers        

You can customize your car insurance coverage based on your specific requirements through add-on covers.

Quick And Easy Claim Settlement

We understand that you’re already stressed when the need for filing a car insurance arises. Therefore, we have established a smooth and fast process for settling claims. Claim settlement ratio is one metric that you can look at to check the claim settlement experience of any insurer’s customers.

Extensive Cashless Garage Network

Car repairs can get financially stressful with hefty bills to pay. Moreover, it’s also emotionally taxing. We agree. Just seek any of our cashless network garages that is nearest to you. We’ll directly settle the bills with the garages. Life’s simpler, isn’t it?

24/7 Claim Assistance

With Car insurance policy offered by ICICI Lombard General Insurance (Bharti AXA General Insurance*), you can be assured of assistance anytime of the day. You can contact us using the toll-free numbers: - For claims & your queries for renewal.

Motor Blogs

How To Choose The Right Car Insurance

With a vast number of offerings in the market, opting for the right policy for your requirements can be daunting. The following checklist can help you shortlist on the right policy for your needs:

Clarity about your requirements

Purchasing a third-party insurance is a basic legal requirement. However, it compensates for the losses suffered by a third-party in the occasion of an accident caused by the policyholder’s car. However, if you wish to opt for a policy with an extensive coverage or wish to insure a luxury car you can consider opting for a comprehensive policy with add-ons that provide adequate protection to your car.

Claim settlement ratio of the insurer

The claims settlement ratio refers to the number of claims honoured to the number of applications received per year. A healthy claims settlement ratio(CSR) is one of the best ways to spot an excellent insurance provider. A high CSR can reassure you of the fact that your claim will be approved least the need arises in the future.

Claims process

It is paramount to obtain immediate assistance on the occasion of an accident. Opt for an insurance provider with an uncomplicated claims process.

 

Car Insurance Terms You Need To Know About

What is IDV in Car Insurance?

Insured Direct Value has a direct impact on the premium since it reflects the actual market value of your vehicle (not including depreciation). IDV is the maximum amount that the insurer will make good to the policyholder in the event of an accident/theft that leads to the complete damage of the vehicle. This sum is predetermined by the insurance provider.

What is No Claim Bonus (NCB) with reference to Car Insurance?

A No Claim Bonus is a reward extended to the policyholder in the form of a discount for maintaining the vehicle responsibly and therefore not claiming during a particular year. The claims can be availed from the second year of the policy and can extend up to five years in a row without a claim. The NCB offered begins from 20 per cent and can be accumulated up to a maximum of 50 per cent.

Depreciation Cover in Car Insurance

Depreciation is the reduction in the value of assets caused due to various factors like age, wear and tear etc. Over time, the different parts of the vehicle suffer wear and tear leading to depreciation of the vehicle. The different parts of the car and installations depreciate at a different rate.

In normal circumstances, the claim amount is arrived at only after deducting the depreciation on the parts and installations of the car. Purchasing a Depreciation Cover enables the policyholder to obtain the entire claim amount. This is why you should consider opting for a Zero depreciation insurance cover:

  • A Depreciation Cover does not take into  account the depreciation on your car parts and installations and hence, the claim amount received will be greater.
  • Opting for a Depreciation Cover ensures that you do not have to incur out of pocket expenses on damaged car parts and installations since that will be taken care of by your insurance provider.

What is Cashless Claims in Car Insurance?

n the happening of an unfortunate event, the policyholder can opt for a claim via reimbursement or cashless method.  The reimbursement method requires the policyholder to honour the repair bills which will then be reimbursed on submitting the bills and other relevant documents. Cashless claims, on the other hand, are exactly what its name suggests. The policyholder is not required to make payments out of pocket. The payments are made directly by the insurance provider not requiring the policyholder to make payments out of pocket.

 

Important Things About Car Insurance

Why is a Car Insurance mandatory in India?

According to data provided by the Ministry of Road Transport and Highways, the number of road accidents has increased from 4.64 lakhs to 4.67 lakh in the year 2018. In addition to the legal mandate of purchasing insurance, the increasing number of road accidents makes it necessary to secure yourself in case the worst happens. Here are some additional reasons why you should consider opting for a car insurance policy:

Reduces Liability

Third-party insurance makes good the damages suffered as a result of an accident caused by your vehicle while it was in motion. It also includes compensation payable on the death/disability of an individual and expenses caused as a result of property damage.

Comprehensive Coverage

Unlike a third-party policy, a comprehensive policy is extensive and makes good the losses suffered by the owner of the vehicle in addition to losses suffered by a third-party. It also compensates for damages caused due to natural calamities, theft etc.

Ensures peace of mind

Insurance helps in ensuring that the daily expenses of your family are not compromised in the event of your death. This in turn helps in ensuring immense mental peace. 

Buy or Renew for a secondhand car online

Continue to avail the benefits of your policy even after your current policy has expired. All you need to do is enter the website of your insurance provider, enter the details required including your car registration number, mobile number and email address. Enter the details requested for like the policy you would like to opt for, add-ons and other details required to generate the premium payable. Post making the payment, your purchase will be confirmed and mailed to your email address.

or renew second-hand car insurance online, visit the website and select the option of renewing your policy online. Enter the required details. Include/exclude add-ons that you would like to opt-in/opt-out of to generate the premium amount payable. On making the payment, the renewed policy will be mailed to your registered email id. 

Buy/Renew Insurance for an Old Car

Regardless of whether your car is new or second hand, investing in the right insurance policy helps in ensuring peace of mind. This is why you should consider opting for insurance for your second-hand car:

  • According to the Motor Vehicles Act, a vehicle owner should obtain a valid insurance to be able to drive on the streets of India. To avoid your licence from being revoked, every car owner, including owners of second hand cars, are required to obtain a valid insurance.
  • Car insurance policies include a personal accident cover that compensates the owner of the policy a sum of up to Rs. 15 lakhs in case of injuries caused as a result of a car accident.
  • By opting for a comprehensive policy, you can avail of damages caused to your own vehicle in addition to the coverage provided by a third-party policy.

How to renew an expired car insurance policy?

Renewing your policy will help ensure that you can continue to enjoy the benefits of your policy even post the expiry of your current policy. This is how you can renew your policy online:

  • Visit the website of your insurance provider and select the option to renew your insurance policy.
  • Enter the details required that include your registration number, policy number, car registration number and the other details required.
  • Review the policy and other variables like the add-ons that you would like to opt/opt-out of. This will help in determining the approximate premium amount payable.
  • Confirm your purchase by making payments via the online mode.
  • Your policy will be mailed to your registered email address.

Comprehensive Car Insurance

Comprehensive policies are extensive and protects your car against damages caused due to an accident. It also includes damages caused due to various factors that include damages caused due to natural disasters, fire etc. It also includes expenses payable by a policyholder in case of an accident.

Both the third-party liability and comprehensive cover plans also include the compulsory personal accident cover for owner-driver with a premium of a particular amount per year, for which the owner-driver is liable to receive a sum assured amount of Rs15 lakhs in case of:

TYPE OF INJURY COMPENSATION LEVEL
Death 100%
Loss of two limbs or sight  of two eyes or one limb or sight of one eye 100%
Loss of one limb or sight of one eye 50%
Permanent total disablement from injuries other than named above. 100%
Car Insurance

Third-Party Car Insurance

A third-party insurance policy compensates for the expenses incurred in the event of an accident that leads to death, disability, loss caused to property of third-party caused by the owner of the policy while the vehicle was in use.

Note: IRDAI (Insurance Regulatory and Development Authority of India) decides and revises the rates for third-party coverage every year. The revised third-party premium rates on motor car insurance as of 16th June 2019 are mentioned in the table below:

Engine Capacity

TP Premium for Renewal of existing vehicle (Annual)*

TP Premium for New Vehicle(3 Years Policy)

Less than 1,000cc

Rs. 2,072

Rs. 5,286

Above 1,000cc but less than 1,500cc

Rs. 3,221

Rs. 9,534

More than 1,500cc

Rs. 7,890

Rs. 24,305

 

Note: Third-party property damage is compensated up to Rs. 7.5 lakh. In case of injuries/death, the court tribunal will make the decision on the payout.

Third Party rates for new vehicle policy:

As per the new law, in case of new car the premium for four-wheeler insurance covering third-party liability will need to be paid for 3 years in advance.

Third Party liability coverage

What Is car Insurance?

Car Insurance is a motor insurance policy that protects your financial interests in the occasion of unforeseen incidents like accidents, theft etc. According to the Motor Vehicles Act, 1988, a vehicle owner requires to obtain a valid Third Party insurance policy to be able to drive on the streets of India. A vehicle owner’s license can be revoked until a valid policy is purchased/renewed. A car owner has the option of opting for third party insurance as mandated by law or opting for a comprehensive policy that provides extensive coverage.

Buy/Renew Insurance Online

Save yourself the hassle of visiting an insurance agent and purchase a policy from the comfort of your home in a matter of a few minutes. This is how you can renew your policy online:
●    Visit the website of your insurance provider and click on the option to purchase car insurance.
●    Enter the details required that include your registration number, mobile number and email address.
●    Select the policy you would like to opt for and enter other details like add-ons etc. that will help determine the approximate premium amount payable.
●    Upload scanned copies of the documents required.
●    Confirm your purchase by making payments via the online mode.
 

What's Covered In A Car Insurance Policy?

The following table will help you understand the inclusions of different policies better:

Third-party insurance policy inclusions     Comprehensive insurance policy inclusions
Compensation payable to the nominee of a third party in the event of death caused by your car while it was in motion.     A comprehensive policy makes good the damages caused to your car as a result of an accident, theft, natural calamity etc.
Compensation payable as a result of damage caused to third-party property as a result of an accident caused by your car while it was in motion.     It covers the expenses incurred in the form of legal fees in situations that you are responsible for an accident.
Compensation in case of death or injuries caused to a third-party as a result of an accident caused by your car while it was in motion. It includes losses incurred as a result of theft.
 
It includes a personal accident cover that provides a compensation of upto Rs. 15 lakh in the occasion that the accident leads to the death of the driver. Comprehensive insurance includes a personal accident cover that provides compensation of upto Rs. 15 lakh in the occasion that the accident leads to the death of the driver.

    

  

Damages caused due to drunken driving

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Driving without a valid license

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Damages caused due to using the vehicle for commercial activities

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Damages caused by other activities

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Stand Alone Damage

Stand-alone insurance compensates you solely for the damages caused to your car due to reasons that include accidents, theft, natural calamities etc. Opting for this policy in combination to a third-party policy helps in providing optimal protection for your car.

Policy Coverage Under Car Insurance

What's Not Covered In A Car Insurance Policy?

Factors that Affect Your Car

Car Insurance frequently asked questions

There are certain facts and terms that you should know about car insurance to buy a suitable policy

Overview Of Car Insurance

Damages/ Lossed Third Party Comprehensive
Damage/losses to own vehicle due to an accident X
Theft of Car X
Damage/losses due to fire X
Damage/losses due to natural disaster X
Damage to the vehicle of third party and paroperty
Personal Accident Cover (if opted)
Injury/ Death of Third Party due to an accident

    

  

Why Choose ICICI Lombard General Insurance (Bharti AXA General Insurance*) Car Insurance?

Claims

Can I shift the vehicle from spot of incident/ accident?

For private car- Yes, you may shift the vehicle to garage. But, if the vehicle is found in immovable condition or you find there is a leakage of coolant/ engine oil then you shouldn’t try to start your car and avail assistance of breakdown service van. For Commercial Vehicle- Scope should be given for spot survey unless there is real constrain in getting it done due to road blockage or other sensitive aspects.

Claims

When shall I register the claim?

Claim should be reported on immediate basis after the incident/accident. However priority must be given for self-safety & medical assistance (if required).

  •     For Total Theft Claims, the intimation to Police & Insurance Company should be given not later than 24hrs.
  •     For any delay in claim registration beyond 48 hours of incident/ accident the insured should furnish us with detail clarification in writing.
  •    Insurance Co will not stand responsible to cover any kind of aggravation of loss happened due to delay in claim registration or vehicle is not produced for survey.

Claims

How to register a motor claim?

Claim should be intimated to our call centre (Toll Free: 1800-103-2292) OR E-Mail us at claims@bhartiaxa.com

Cover

What are electrical and non-electrical accessories? How to calculate the value of accessories?

Electrical accessories cover any electrical and/or electronic equipment that is not factory fitted with the vehicle, e.g. music system, LCD mini TV, Fog lights, etc. Value of electrical accessories will be as declared by the insured.


Non-electrical accessories cover any non-electrical/ non-electronic equipment that is not factory fitted with the vehicle, e.g. mag wheels, leather seats, CNG-kit, interior fittings, etc. Value of non-electrical accessories should be the invoice value of the non-electrical accessories up to the maximum limit of Rs. 20,000/-.

Cover

What is Personal Accident cover for family/passenger?

Personal Accident Insurance for Family/ Passenger covers monetary pay outs towards injuries sustained by people/ passenger travelling in the car due to accident resulting in death or disablement. Personal accident insurance covers insured/his family/passengers travelling in the car at the time of accident. 
This add-on covers:

  •     Capital Sum Insured limited to maximum of Rs.15 lakh per person.
  •     Permanent total disablement
  •     Permanent partial disablement
  •     Accidental Death

Cover

What is the third party liability covered under Private Car package policy?

The Insured will be covered for any liability arising from any accident caused by or arising out of the use of the private car in respect of:
Death or bodily injury to third parties (unlimited liability)
Damage to the third party property (minimum of Rs.6000/- and max of Rs.7,50,000/-

Cover

Can I buy add-on covers without buying four wheeler insurance from Bharti AXA?

No. Add on package can be sold only with car insurance policy. It cannot be sold on standalone basis. E.g. If the car is insured with some other company and you want to buy only add-on from ICICI Lombard General Insurance (Bharti AXA General Insurance*), in that case this option is not available.

Cover

Why do I need motor Add-ons?

Our standard car insurance attempts to provide protection for all possible situations a driver is likely to face, however despite this it is a policy that covers risks common to most vehicles. Further, there are certain circumstances that are specific to certain regions, vehicle type, level of use etc.
Add on covers provide protection against such specific risks. All you need to do is key-in your details into our quick quote section and you shall receive customized recommendations for add-ons in accordance with parameters like vehicle age, make, model, No-claims-bonus, location among various other factors. Given are certain specific situations where add-ons have benefitted vehicle owners greatly.
Consider the following:
a) Heavy rainfall and flooding
If you happen to live in an area that faces heavy rainfall and is prone to flooding, the chances are that your vehicle will be exposed to probability of water seeping into its engine. And if you even turn on the ignition key of your car while it’s parked in a water-logged area it can cause massive engine damage.
Further, you must know that such damage will be considered as consequential loss and will in all likelihood not be covered by your regular four wheeler insurance policy. A Hydrostatic lock cover addresses precisely this issue. It covers expenses pertaining to engine.
b) A single claim can bring your ‘No-claims-bonus’(NCB) to zero
If you happen to be a cautious driver who has accumulated a fair amount of NCB then imagine your plight if a single claim caused a teenage driver or close relative brings down your No claims bonus to zero. Unbelievably, car insurance offers a solution to this concern in form of ‘No Claims Bonus Protector’ Cover. This cover protects your NCB for 2 admissible claims during the course of your policy period.
c) Bumper to Bumper Driving (Better protection through Depreciation Cover)
Most persons travelling to work and back during office peak hours in a metro or mini metro would know of the jam packed bumper to bumper driving experience each commuter faces. Situations of fender benders are extremely common. Under a regular insurance policy generally only 50% of repair expenses for plastic, fibre and metal parts are reimbursed. Even for other parts the claim amount is subject to depreciation.
This means that you shall receive an amount, which is lower than the actual repair expense. In several cases the amount deducted on account of depreciation could be as high as 50%. Depreciation cover is a solution to this problem. Not only does depreciation cover make up for the depreciated amount it also provides complete repair expense reimbursement for plastic, fibre, glass and metal parts.
The shared examples are just a few but there are several risks that are specific to location, vehicle age, driver type, level of use among others. Add-on covers let you customize your existing car insurance to suit your needs in accordance with risks that are specific to your situation.

Cover

What is Roadside Assistance Cover?

Roadside Assistance Cover provides you services in the event of breakdown of your vehicle. Just in case you get stranded in the middle of the road due to a car breakdown, you can fetch help with just one call at any time of the day or night. Roadside assistance cover includes towing service, repairs, changing flat tyres and emergency fuel refuelling etc.

Cover

What is Depreciation Cover?

It is a car insurance cover wherein the company shall pay the depreciation amount deducted on the value of the parts replaced i.e. depreciation amount will not be deducted from the claim amount. You can avail this benefit up to 2 admissible claims during the policy period.

Cover

Can I also buy additional car insurance covers online?

Yes, you can also buy additional car insurance covers along with standard car insurance policy online. For car insurance following are some of the important additional covers available.

  • Depreciation Cover
  • Invoice Price Cover
  • Medical Expenses
  • Personal Accident Insurance for Family/ Passenger
  • Hospital Cash
  • Roadside Assistance

 

Cover

What are the types of events or losses not covered under car insurance?

The following events or losses are not covered in this policy:

  •     Mechanical/ Electrical breakdown
  •     Wear and tear, ageing of vehicle
  •     Consequential loss*
  •     Depreciation
  •     Deliberate accidental loss
  •     Intoxicated driving
  •     Any contractual liability
  •     Damage to/ by a person driving any vehicle without a valid license

* Consequential loss is an indirect loss, which is not directly resulting out of a loss event, but arising as a consequence of loss event. For example, Mr. Singh was on his way to office for an important meeting with client. Unfortunately, his car met with a road accident resulting in damages to car and it consumed lot of his time. Due to this, he could not attend the meeting resulting in loss of approx. 15 Lakhs. Damages to car due to the accident are covered, but the loss of 15 Lakhs is consequential and hence not covered.

Cover

What is the scope and cover offered in a car insurance policy?

The private car can be used for social, domestic and pleasure purposes and also for business purposes excluding the carriage of goods other than samples by you or your employees. ICICI Lombard General Insurance (Bharti AXA General Insurance*) will protect you against any loss or damage to your private car and its accessories during the following events:

  • Fire, explosion, self-ignition or lightning
  • Burglary, housebreaking or theft
  • Riot or strike
  • Earthquake (fire and shock damage)
  • Flood typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost
  • Accidental external means
  • Malicious act
  • Terrorist activity
  • Whilst in transit by road, rail, inland, waterway, lift, elevator or air
  • Land slide, rock slide

General

Why Should One Have A Comprehensive Car Insurance Policy?

It is recommended to have a comprehensive car insurance policy over the basic third party insurance. As the name suggests a comprehensive vehicle insurance plan offers fuller coverage and more wide-ranging benefits.

If you take a comprehensive car insurance policy, by paying a slightly higher premium you will be covered for third party liability as well as own damage to your vehicle.   

A comprehensive car insurance cover includes:

  • Any damage caused to the insured’s car due to floods, earthquakes, landslides, cyclones and other natural calamities
  • Loss or damage caused by man-made disasters such as theft, fire, terrorism, riots and strikes
  • Any losses and damages caused by road accidents
  • Personal accident cover to the owner–driver in case of injury or death from a road accident
  • Third party legal liability (mandatory)

Compared to the above, a third party vehicle insurance policy will only cover expenses towards damage or injury to the third party and surrounding property that has been caused by the insured’s vehicle.

Therefore by opting for a comprehensive car insurance policy you get much more peace of mind and financial security.

General

What are the stepwise procedures to get a car insurance?

  • Step 1: Select ‘buy’ or ‘renew’ option under car insurance.
  • Step 2: Enter a vehicle and personal details,
  • Step 3: Choose Add-on covers and discounts, if applicable to arrive at the final car insurance premium amount.
  • Step 4: Add complete details. Check summary. Make the payment.
  • Step 5: You will get your car insurance policy in PDF form in your email.
     

General

What are cashless car Insurance claims?

Cashless car insurance claims help you to get your vehicle repaired without paying money at the network of the garages of the insurance provider. The insurance company will pay the claim amount directly to the garage.

General

How is car insurance premium calculated?

The details required to calculate the premium for new and old car differ a little. Let us look at each of them in turn.

Calculation of premium for new cars

You will have to provide the following information to calculate the premium for new cars:

 

  1. Age of the car

  2. Whether the car will be used for personal or commercial purposes

  3. Fuel type

  4. Insured declared value

  5. Cubic capacity of the car’s engine

  6. Area where the car was registered

  7. Accumulated no claim bonus, if any

  8. Owner-driver’s personal details including

    1. Age

    2. Gender

    3. Occupation

  9. Voluntary deductibles


 

Calculation of premium for old cars

The information needed for determining premiums for old cars additionally includes:

  1. Current policy details

  2. Claim history

  3. Previous owner’s details, if any

Remember that only the Own Damage premium and any add-on premiums are decided by the insurer. Third party liability premium and personal accident premium are fixed by IRDAI.

General

What is No-Claim Bonus (NCB) in car insurance?

NCB in car insurance is the discount that insurance company offers if the policyholder does not make a single claim during the policy period. You can accumulate up to 50% NCB discount for every claim-free year until 5 years.

 

No. of Years

Discount

One claim-free year

20%

Two consecutive claim-free years

25%

Three consecutive claim-free years

35%

Four consecutive claim-free years

45%

Five consecutive claim-free years

50%

 

General

What is IDV in car insurance?

Insured Declared Value (IDV) in car insurance is the maximum sum assured amount that the insurance company will compensate for the claim. It is considered during the calculation of premium and changes every year after adjusting the depreciation.

General

What are the things to remember before buying a car insurance policy?

Buying a car Insurance policy should not be a random decision. You should buy only the best car insurance in India. It requires due diligence and consideration of the following factors:

  • Reputation of Insurance Company

Choose the best car insurance company with an established brand reputation and financial stability. Check out how long the company has been operational in the market, what experience it has and how many four wheeler insurance policies it has issued so far.

  • Claim Settlement Ratio

When checking the background of the insurance company, do pay close attention to its claim settlement ratio. You should check how many claims the insurer has settled against the claims received in a stipulated period. Usually, the claim settlement ratio is easily available on the company portal or other reputed websites such as IRDAI.

  • Comparison

There are several car insurance companies offering various types of car policies. It is recommended that you make a comparison of the features, benefits, and prices of these policies. You can get a car insurance quote online easily. Remember that a policy with a cheap premium may not be necessarily the best for your car! Choose only the best car insurance in India for 360-degree coverage.

  • Premium

The premium you pay on the Car Insurance policy should be affordable while offering maximum benefits and value for the price. Try to understand all those factors that affect the premium amount. If you are comparing prices online, you can ask insurers to send car insurance quote online.

  • Network of Garages

When your car is damaged, there are umpteen things running on your mind. Moreover, accidents can happen anywhere, just not in your city or state. Now, you don't want to add the additional stress of finding a reliable garage to get the repairs done. Hence, it is important to buy the car policy only from that car insurance company which has a strong network of garages PAN-India. Before you buy the policy, ask the insurer for the list of garages it has a tie-up with.

  • Cashless Claims

Usually, when you make a claim, the four wheeler insurance company asks you to present the bills and then makes the reimbursement. This involves a lot of headache and paperwork for you. However, cashless claims can ensure that the insurer settles the bill directly with the garage and you don't have pay upfront. All you have to do is send claim intimation to the insurance company. So, choose an insurer that offers the facility of cashless claims.

  • Customer Service

No car policy promises made by the company are good if it can't serve its customers well, especially after sales and service and at the time of claim settlement. Look for car insurance company which offers 24/7 customer support and can guide you properly at every step. Go through online customer testimonials and reviews on the internet to get an idea of the company's customer service.

  • Online Four Wheeler Insurance Policy

Choose four wheeler insurance company that offers online car insurance policy. It is not only hassle-free and time saving to buy the policy, but the premium of online policies is lower too. You can even do car insurance renewal online.

Car Insurance is a gateway to your peace of mind when you are driving your car. As soon as you buy a car, insurance should be your first priority. You should also remember to renew your car policy timely to avoid any losses or putting your security at risk. Buy the best car insurance policy in India now!

If you need any guidance on how to get online car insurance, get in touch with ICICI Lombard General Insurance (Bharti AXA General Insurance*).

General

Documents required for car insurance policy?

The insurance companies need minimum documentation from Four-Wheeler Insurance buyers. Check out the list of various documents required for car insurance.

  • The application/proposal form provided by the insurance company.
  • A Copy of the Registration Certificate (RC).
  • Invoice copy of the new car.
  • Identity and address proof.
  • Previous car insurance policy along with proposal form, RC & No-Claim Bonus (NCB) letter in case of Car Insurance Renewal Online as well as offline.

Do note that the four wheeler insurance can be purchased, only by a person who owns a car and is aged 18 years or above. You should make sure to provide complete and accurate information about your car and personal details in order to determine the correct IDV and premium amount. In case the details are misrepresented they can affect not only the premium but also terminate your policy.

You can request the document list either; when you buy Car Insurance online or visit any insurance company branch/advisor.

General

How is the value of the vehicle (IDV - Insured Declared Value) determined in car insurance?

The IDV of the car is to be fixed based on the manufacturer's listed selling price of the brand and model, as the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation. The IDV of the side car(s) and/ or accessories, if any, fitted to the vehicle, but not included in the manufacturer's listed selling price of the vehicle is also likewise to be fixed. The schedule of depreciation for arriving at IDV is as below:


Schedule of Depreciation for arriving at IDV

Age of the Vehicle % of Depreciation for fixing IDV
Not exceeding 6 months

5%

Exceeding 6 months but not exceeding 1 year

15%
Exceeding 1 year but not exceeding 2 years 20%
Exceeding 2 years but not exceeding 3 years 30%
Exceeding 3 years but not exceeding 4 years 40%
Exceeding 4 years but not exceeding 5 years 50%


 

General

How do I know which four wheeler insurance add-on is required for me?

We at Bharti AXA GI provide you with customized recommendations of car insurance based on your vehicle age, vehicle type, No-claims-bonus etc. All you need to do is key-in your details into our quick quote section to retrieve add-on recommendations. In addition, quick online research is not only quite easy and simple but will also provide you with a fairly good idea of what car insurance add-ons can be beneficial to you.

General

What are the discounts allowed under Bharti AXA car insurance?

The discounts that can be allowed under the Private Car insurance policies are Voluntary Deductible discount and No Claim Bonus. Furthermore, you could avail additional discounts on your online car insurance premium, if you have

  • ARAI approved anti-theft device

General

What are the benefits of buying four-wheeler insurance online?

The online advantage enables you to buy the four wheeler insurance policy through web instantly. It saves your time and money. You can get a free quote, calculate your car insurance premium, and buy the four wheeler policy with instantly. You can enjoy hassle free buying without any paperwork. You can buy ICICI Lombard General Insurance (Bharti AXA General Insurance*) private four Wheeler Insurance policy online using credit card, debit card or net banking.

General

Why do I need car insurance?

The law in the country makes it compulsory for you to insure your car. The compulsory nature of the law protects you against third party liability. Also, your four- wheeler is probably one of the most expensive things you own. Car insurance protects this asset of yours and helps you in coping with the financial loss caused by accidents, damage or theft. Another reason is that while driving, you are responsible for the safety of:

Your passengers stranded

  • Your fellow drivers
  • Other people's property
  • Pedestrians
  • Yourself

Car insurance helps you to cover the costs of potential damages or injuries in case of an unforeseen accident or theft and third party insurance serves to protect you from the claims arising from third party.

Policy

What Are The Different Types Of Car Insurance Policies By Bharti AXA And What Does It Cover?

There are three main types of car insurance policies that ICICI Lombard General Insurance (Bharti AXA General Insurance*) offers and here is what each type of plan covers:

1)   Comprehensive Car Insurance

Comprehensive car insurance policy offered by ICICI Lombard General Insurance (Bharti AXA General Insurance*) covers third party liability as well as own damage. Hence this type of car insurance policy offers a wider and better coverage. 

Specifically this type of policy cover includes:

-          Any damage caused to the insured’s car due to floods, earthquakes, cyclones and other natural disasters

-          Losses caused by man-made disasters such as fire, terrorism, riots, strike and theft

-          Any losses and damages caused by road accidents

-          Personal accident cover to the owner–driver in case of injury or death from a road accident

 

2)   Third Party Liability

Third party liability offered by ICICI Lombard General Insurance (Bharti AXA General Insurance*) is the legally mandatory type of vehicle insurance which protects the insured from bearing expenses towards third party losses caused by the insured’s car.

Specifically this type of policy includes:

-          Compensation for bodily injury to third party

-          Compensation for property damage to third party

-          Compensation to nominee in case of death of third party

-          Personal accident cover for owner-driver

 

3)   Own Damage Car Insurance

Stand-alone own damage insurance cover will cover losses to your vehicle only. It can be bought independent of third party liability (TP) but note that you still need to have third party cover which is mandatory.

Comprehensive car insurance is recommended over third party car insurance as it offers a wider coverage with more benefits.

Policy

Is there any limit to the number of add-ons I can opt for with my car insurance policy?

No there is no such limit.

Policy

How can I apply for liability only car insurance online?

To apply for liability only car insurance policy, please visit motor third party liability. Kindly share the required details of the vehicle including the first registration date and policy expiry date in the message box.

Policy

Can I get my money/unused car insurance premium refunded?

Refund is possible only when the four wheeler insurance company cancels the policy. The refund essentially depends upon the company and always released on a pro rata basis. You must check the short rate calculations before cancelling your policy.

Policy

Can I pay car insurance premium in installments?

As per section 64VB of Insurance Act, 1938 no risk can be commenced unless premium is received in advance. Hence, full car insurance premium needs to be collected before the start of policy period. 

Policy

How insured can obtain a duplicate car insurance policy? What are the charges?

Reach us at 1800-103-2292 (Toll free) and get assistance from customer service representative.

Policy

What is the period for which car insurance policy is issued?

Car Insurance policies can be issued for a period of a year or multi year. You will have to renew the policy before the specified expiry date mentioned on the policy document. Policy for old cars is for a period of one year, whereas for a new car the owner has to mandatory buy 3 years compulsory TP with an option of 1 year OD or a 3 years OD. 

There are certain benefits of doing so: 

  •     Insured will continue to enjoy no claim bonus.
  •     Insured will not have to get inspection done at the time of renewal.

Premium

How much is my car insurance premium expected to increase with add-ons?

Most car insurance add-ons are quite affordable. The price of each add-on is dependent on several factors like vehicle age, vehicle type, location etc. You could key in you details into our “Quick Quote” section and receive a quote for a policy along with the add-ons you wish to opt for.

Premium

What is a car insurance premium?

Car Insurance premium is the fixed amount of sum paid by the insured to the insurance company for availing benefits and covers provided by the car insurance policy during the policy period; and to complete the contract of insurance. For buying and renewing car insurance online you can pay with credit card or net banking.

Renew

Is it possible to opt for the car insurance cover I initially did not have?

Yes, it is possible to opt for a new/additional car insurance cover at the time of renewal.

Renew

What is break-in-insurance? What should I do if I have a break-in-insurance?

Break-in-insurance is when the car insurance policy lapses due to non-renewal on time. Indian law makes it compulsory to have car insurance with third party insurance at all times. In case of break in your car insurance policy, you can get in touch with our customer support at 1800-103-2292 (Toll free) to renew policy if it has been less than 90 days so that you may be able to retain your No Claim Bonus. You have to get your car inspected before purchasing the policy.

Renew

What should I do if my previous car insurance policy has already expired?

If your car insurance policy has already expired, you have to obtain a fresh insurance. Due to the break in insurance the vehicle will be physically inspected by a company official or an authorized representative/agency. You can get the NCB transferred in case your car is insured within 90 days of your renewal due date.

Renew

Can I opt for covers at times other than car insurance renewals?

It is strongly recommended that you opt for covers only at time of renewal of your car insurance policy and not during your policy period. You can’t opt for a motor add-on cover online in case you are not renewing your policy. For midway/midterm add-on procurement you could contact our customer care representative for guidance.

Renew

Can I opt for car insurance covers online at the time of renewal?

Yes, you can opt of car insurance covers online at time of renewal.

Renew

Can I renew my existing Bharti AXA policy or renew other insurer’s policy online?

Yes. You can renew your expiring policy online from www.bharti-axagi.co.in providing minimum details. Also enjoy the benefit of transferring up to 50% of no claim bonus earned by you.

Renew

When should I renew my car insurance policy?

You should renew your car insurance before expiry of the existing car insurance policy. This keeps your vehicle insured against the risks without any break and retains the No Claim Bonus which is the discount in premium for claim free year/s.

Car Insurance Reviews and Ratings

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Average Rating based on 5000+ Rating
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I purchased car insurance from Bharti AXA for the first time. I am very much happy with the entire buying process on the website. I believe I've made a good decision by choosing Bharti AXA

Anshu Thakur
Rated
5/5
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While buying car insurance is hassle with number of details required, the process at Bharti AXA ws so much easier on contorary and involved just few simple steps!

Shalini Kumari
Rated
4/5
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I am happy with the services provided by Bharti AXA. Had got few details wrongly updated in my car insurance policy. Their team actively helped in getting the changes done.

Chetan Gujar
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