Insurance Plans
Comprehensive Plan
A comprehensive insurance policy is an all-around extensive plan that provides coverage for both third-party liabilities and own car damages or losses. In addition to theft and accidents, a comprehensive insurance policy also covers the losses arising out of natural calamities, lightning, collisions man-made disasters, vandalism, explosions, and more.
It consists of the following benefits,
Own Damage Plan
Own damage insurance offers coverage for the losses or damages to your vehicle. It allows the insured or the owner of the vehicle to avail of flexible coverage depending on his/her needs and preferences.
It consists of the following benefits,
Third Party Plan
Under the Motor Vehicles Act, 1988, third party insurance is mandatory for all vehicles. A third-party insurance policy covers you against the financial losses or expenses that you will have to bear in case you are liable for the loss or damage of property, physical injury, disability, or death caused by your vehicle. It also covers the cost of legal expenses that you may have to incur.
It consists of the following benefits,
No Claim Bonus
No Claim Bonus is the reward you get as a discount on your premium at the time of your car insurance renewal if you do not raise any claim in the preceding year. The NCB increases with every claim-free year.
Enjoy 20% No-claim Bonus, if you have had a claim-free year on your existing policy.
The discount can be accumulated on a yearly basis as mentioned below,
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%
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