All You Need To Know About Car Insurance

+ + +

What is Car Insurance?

Our car holds a special place in our life; it is convenient to use, offers safety & privacy, and saves time. For many of us, our car is the easiest way to commute on a regular basis. It is only natural that we want to ensure the safety of our vehicle, given its importance. One of the best ways to safeguard our car is with the help of insurance.

View Quotes

+ + +

Type Of Coverage

There are two types of car insurance cover available, a Third-Party (TP) insurance and a Comprehensive insurance.

View Quotes

As per the law, it is mandatory to have a TP cover to drive the car on the road. The TP cover protects you against the third party liability which may arise if a third party suffers a financial loss attributable to your vehicle. However, the TP cover does not extend protection to your vehicle, for that you require a comprehensive policy.

Third-party
Insurance

View Quotes

A comprehensive policy shields your vehicle from natural calamities like hailstorms, earthquakes, floods, inundation, hurricanes, landslides, and rockslides. It also covers man-made disasters like riots, accidents, and thefts. The cost of a comprehensive policy is higher than a TP-only cover because the former provide wider protection.

Comprehensive Insurance

View Quotes

Type Of Coverage

What Is Covered Under Your Insurance

Theft
Accidental Damage 
Natural Calamity (floods, earthquakes, etc.)
Third-party Insurance
Personal Accident Cover

View Quotes

Type Of Coverage

What Is Not Covered Under Your Insurance

General wear and tear due to usage.

Accidental damage in case the driver does not have their license or is under the influence of drugs or alcohol.

Any damage as a result of tampering with the original products of the vehicle.

If the engine is damaged due to oil leakage (unless you have Engine Protection Cover as an add-on)

View Quotes

Add-on helps you strengthen the protection of your vehicle, and allows you to customize your cover. Each add-on has some unique feature and serves a specific purpose. The insurance market offers various add-on like roadside assistance, zero deprecation, medical cover, engine protection, to name a few.


These add-on covers come with a cost, thus increasing your motor premium. It is advisable that you pick the add-ons which suit your requirements and accordingly customize to expand your cover.

Type Of Coverage

Add-ons

View Quotes

• Paid Driver
• Zero Depreciation
• Invoice Cover
• NCB Protection
• Inconvenience Allowance
• Passenger Cover
• Engine Protector
• Roadside Assistance
• Passenger Assistance
• Consumables Cover
• Key Replacement
• Tyre Secure

12 Types Of
Add-ons

View Quotes

Type Of Coverage

7 Factors That Impact Your Car Insurance Premium

• Geography / RTO
• Make, model and variant
• Type of cover
(comprehensive or third-party)
• Add-ons
• IDV
• NCB
• Claim history

View Quotes

IDV (Insured Declared Value) is the maximum value your insurer will pay for the complete damage or theft of your vehicle. The IDV is calculated each year during the renewal, the value arrived after computing depreciation. As your vehicle depreciates over the years, the IDV also comes down. Since IDV signifies the value of the vehicle, it plays a decisive role in premium computation.

Type Of Coverage

What is IDV

View Quotes

Your insurer grants you NCB for each claim-free year. NCB is the reward you get for your good driving behaviour. The discount is granted as per pre-defined slabs, it starts from 20 percent for the first claim-free year and goes up to a maximum of 50 percent for five consecutive claim-free years (Y1: 20%; Y2: 25%; Y3: 35%; Y4: 45%; Y5: 50%). NCB helps significantly to bring down your motor insurance premium.

Type Of Coverage

No Claim Bonus

View Quotes