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.

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