Importance of Third-Party Insurance

Paying for an expense that involves the repair of your vehicle is less painful than paying for an expense incurred for the repair of someone else’s vehicle. If you want to get rid of this unnecessary pain, you need to have third-party bike insurance or car insurance in place. Additionally, as a law-abiding citizen of the country, all vehicle owners must have a car/bike insurance plan as it is mandatory as per the Motor Vehicles Act 1988.

How does third-party car/bike insurance work?

In case you meet with an accident and a third-party individual or vehicle is hurt or damaged from your vehicle, you become liable to pay for the hospitalization cost of the injured person or damaged vehicle. However, in case you have a car/bike insurance plan in place, you do not have to worry about these additional costs.

- Your insurer will pay for the costs incurred in case of third-party damage up to the limit of the sum insured.

- Your insurer will pay for the costs incurred in case if a third-party individual is hurt and hospitalized.

- The insurance plan also protects you in case of a legal issue that arises due to an accident.

- The insurer also covers the expense incurred in case of the demise of the third-party individual due to an accident in your vehicle.

Benefits of third-party car insurance

- Provides a huge financial cover at affordable premiums

- You can also avail of an upgrade in case you want to include your car in the plan to protect it against any form of damage. You can also opt for a personal accident cover for yourself.

In case you want to avail a car insurance or bike insurance cover, you can simply log in to Bajaj Finserv website and avail a plan of your choice.

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of ...

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before yo...

Stay Protected on the Road- Understanding the Importance of acko car insurance

Having a car insurance policy is essential for every car owner. It not only provides financial protection in case of any damage or loss but also ensures a safer driving experience. Acko is one of the leading car insurance providers in India, offering a wide range of insurance plans to suit the needs of all car owners. In this article, we will be discussing the importance of Acko car insurance in India and how it helps to stay protected on the road. We will also look at the various benefits and features of Acko car insurance policies that make them an ideal choice for car owners. Understanding the Importance of Acko new car insurance in India As the number of vehicles on Indian roads increases, so does the number of accidents and other related incidents. Traffic jams, road rage, and bad driving habits are some of the major causes of accidents. It is important for drivers to stay safe on the road, and to do so, they must have a car insurance policy. Acko new car insurance is one...

All Insurance News and Plans

Search This Blog