3 Reasons Why We Must Have Car Insurance in India

The car/motor insurance is an essential cover that must be procured to abide by the traffic rules, to maintain financial security for yourself, and most importantly, to provide the much-needed financial support for your family in case of an unfortunate fatal accident. Apart from these, motor insurance covers provide several other add-on benefits that make your life easier and secure only by paying a very small premium amount.

To understand why having a car insurance cover is so important, here are three very important reasons-

Buy car insurance online at lower premiums- While car insurance provides extensive cover, i.e., high sum insured, buying a plan online helps you in securing premiums that are lesser than the original. You can call it the perks of the online world!

Reduces third-party liability- With a car insurance plan, you get a third-party cover that covers the cost incurred in case of any damage caused to a third-party vehicle or person due to an accident with your vehicle. The cost of third-party hospitalization, vehicle damage, and also third-party accidental death cover is included in the plan. This means that you do not have to worry about paying for any kind of third-party liabilities.

Your insurance cover is inclusive of the hospitalization costs- In case of any severe injury to the insured individual due to an accident, the hospitalization costs are also covered under the car insurance plan.

The above three reasons make it evident how having a car insurance cover will save you from multiple expenses, all at very affordable premium amounts. Also, with add-on benefits, you can avail even more protection for yourself and your vehicle. To know more about various car insurance covers & bike insurance and their benefits, you can visit the Bajaj Finserv website.

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 the

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 you in

Know Detailed Information About Acko Bike Insurance

If you’re a bike enthusiast, you know that it’s important to have the right coverage for your bike. Acko Bike Insurance provides comprehensive coverage for bikes, offering a range of plans to suit different needs. Acko Bike Insurance is an insurance product from Acko General Insurance, a digital-first insurance company based in India. It’s an innovative product that provides comprehensive coverage for two-wheelers, offering a range of plans and features to meet the specific needs of bike owners. Acko Bike Insurance provides coverage for a range of bikes, from standard models to high-end bikes. The coverage includes accidental damage, theft, fire, and natural disasters. It also covers legal liabilities, including for third-party property damage and bodily injury. The main benefits of Acko Bike Insurance are the comprehensive coverage and the flexibility of the plans. You can choose from a range of plans, each with its own set of features and benefits. You can also customize the co

All Insurance News and Plans

Search This Blog