We offer three types of car insurance plans:
|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|
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:
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.
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.
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.
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.
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.
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.
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.
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!
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.
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.
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 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.
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.
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.
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:
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:
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.
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.
It is paramount to obtain immediate assistance on the occasion of an accident. Opt for an insurance provider with an uncomplicated claims process.
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.
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 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:
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.
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:
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.
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.
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.
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.
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:
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:
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|
|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%|
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:
TP Premium for Renewal of existing vehicle (Annual)*
TP Premium for New Vehicle(3 Years Policy)
Less than 1,000cc
Above 1,000cc but less than 1,500cc
More than 1,500cc
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.
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.
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.
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.|
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.
There are certain facts and terms that you should know about car insurance to buy a suitable policy
|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||✔||✔|
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 AXAAnshu Thakur
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
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
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.
Claim should be reported on immediate basis after the incident/accident. However priority must be given for self-safety & medical assistance (if required).
Claim should be intimated to our call centre (Toll Free: 1800-103-2292) OR E-Mail us at email@example.com
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/-.
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:
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/-
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.
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.
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.
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.
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.
The following events or losses are not covered in this policy:
* 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.
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:
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:
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.
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.
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:
Age of the car
Whether the car will be used for personal or commercial purposes
Insured declared value
Cubic capacity of the car’s engine
Area where the car was registered
Accumulated no claim bonus, if any
Owner-driver’s personal details including
Calculation of premium for old cars
The information needed for determining premiums for old cars additionally includes:
Current policy details
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.
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
One claim-free year
Two consecutive claim-free years
Three consecutive claim-free years
Four consecutive claim-free years
Five consecutive claim-free years
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.
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:
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.
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.
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.
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.
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.
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.
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.
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*).
The insurance companies need minimum documentation from Four-Wheeler Insurance buyers. Check out the list of various documents required for car insurance.
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.
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||
Exceeding 6 months but not exceeding 1 year
|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%|
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.
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
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.
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
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.
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.
No there is no such limit.
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.
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.
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.
Reach us at 1800-103-2292 (Toll free) and get assistance from customer service representative.
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:
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.
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.
Yes, it is possible to opt for a new/additional car insurance cover at the time of renewal.
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.
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.
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.
Yes, you can opt of car insurance covers online at time of renewal.
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.
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.