Best Car Insurance Policy In India

Types of Car Insurance Policies in India

In India, there are four types of car insurance policies available for car owners. The four types of car insurance policies are third-party insurance, comprehensive insurance, standalone own-damage insurance and add-on covers. Third-party insurance is the most basic and mandatory insurance policy in India. It covers the legal liabilities of the insured towards the third-party due to an accident. Comprehensive insurance covers the insured’s legal liabilities towards a third-party along with any damage incurred to the insured’s own vehicle. Standalone own-damage insurance covers only the insured’s own vehicle against any damage. The add-on covers are additional coverage that provides additional benefits to the insured.

Why You Need Car Insurance Policy?

A car insurance policy is a must for all car owners, even if it is only a third-party insurance policy. In India, it is illegal to drive a car without any insurance, and one can be heavily penalised for driving an uninsured vehicle. A car insurance policy provides financial protection for the insured against any third-party legal liabilities, own-damage and theft. It also provides financial protection against any damage caused due to natural calamities, riots and acts of terrorism.

Features of Car Insurance Policy

Car insurance policies in India come with a number of features and benefits. Most policies provide personal accident cover, covering the insured against any accidental death or disability caused due to an accident. It also provides coverage for medical expenses incurred due to an accident. Some policies even provide coverage for the towing expenses, should the insured’s vehicle break down. It also provides coverage for any damage caused to the insured’s vehicle due to fire, floods, riots and acts of terrorism.

Benefits of Car Insurance Policy

Apart from providing financial protection, car insurance policies also provide a number of other benefits. Most policies provide coverage for the cost of replacement of the insured’s vehicle, should it be stolen or damaged beyond repair. Some policies also provide coverage for the cost of repair or replacement of any parts of the insured’s vehicle which are damaged due to an accident. They also provide coverage for any damage caused to the insured’s vehicle while it is being transported via train or other modes of transportation.

Conclusion

Car insurance policies are essential for all car owners in India. They provide financial protection against any third-party legal liabilities, own-damage and theft. It also provides a number of other benefits such as coverage for medical expenses and towing expenses. Car insurance policies come with a number of features and benefits, and one should choose the policy that best suits their needs.