All Insurance News and Plans

After considerable effort and research, you set out to buy your dream car. It is a terrific, joyous, and proud moment for an individual to acquire a car. But first, there are many documents needed to acquire a car, like identity proofs, residence proofs, income proofs, and much more. Read on to find out all the documents you have to produce before the dealer and RTO to buy and register your new car insurance . What are the documents needed to buy a car? Below are the main documents required to purchase a new vehicle – Proof of Nationality - original and attested copy. Identity Proof - original and attested copy. Residency Proof – original and attested copy. 3-4 Passport Size Photo. Bank Statements or Income Proof – for new car insurance formalities. Showing a full fledged proof of insurance when you purchase a new car is easier than you might think! Two options exist for providing proof of insurance. When you buy a new car, you typically have anywhere from 14-30 days to notify your in...

These are the ten things you need to know about Acko car insurance before applying for the scheme.  Third-Party insurance in India is mandatory for all customers who purchase vehicles; it is designed to cover damage to third parties' vehicles or property. In addition to a standard policy, consumers can also opt for a comprehensive Acko car insurance policy that offers you coverage on the vehicle and third parties. Insurance research is important before making a decision. To determine which insurance provider is best for you, make sure you compare and contrast the coverage offered by several. Then, have a safe trip! Check the condition of the car. Do a full check of your new vehicle to see if it's in good condition before purchasing it by checking its condition before buying. Ensure that all key components, such as the engine, tyres, and air conditioner, are good. IDV  The insurer's declared value is the IDV of a vehicle. Increasing it too much will simply increase the Acko ...

You must get car insurance or car insurance renewal online when you have your new vehicle. While third-party liability insurance is required by law, you may supplement your coverage with different types of products. When it comes to owning a car, you want to make sure that you are covered in the event of damage to your vehicle or other people's liabilities. Third-party liability is only covered by standard third-party insurance. Other types of policies, such as Own Damage (OD) or Comprehensive insurance, may be used to supplement the vehicle coverage. This article explains the differences between Comprehensive and Own Damage insurance. Own Damage Insurance This coverage is ideal for customers who just have a Third Party Liability policy and do not wish to upgrade to a comprehensive one. Because third-party insurance only covers damage to a third-party, person, or property, not your car, it is not good to get it. In the event of natural or man-made threats, such as theft, fire, natu...

A third-party liability-only policy, simply known as third-party insurance, is a mandatory motor vehicle insurance policy. It covers the financial damages to a third person due to an accident or mishap caused by one’s vehicle. Any damage to the vehicle, bodily injuries, temporary or permanent, of the third party is covered under this insurance.  Liabilities covered under Third Party Car Insurance There are three types of liabilities that third party car insurance entails. These are: Body injuries to a third person Permanent disability/death of a third person Damage to the property of a third person The third party car insurance does not cover the damages to the owner’s vehicle. For that, other comprehensive car insurance packages are available. Why is Third Party Insurance Necessary? Third-party insurance is essential for hassle-free settlement of any legal or financial damages caused to a third person in an accident. It is one of the minimum requirements to drive legally in India...

While having motor insurance has become mandatory to drive according to the government’s mandate, there are numerous options available in the market for the customer to choose from. However, the rule makes it compulsory for every vehicle owner to have third-party insurance, you can also get a comprehensive plan for extended coverage. Exclusive policy plans like Bajaj Allianz car insurance are the top-selling car insurance in India. They also have bumper-to-bumper insurance for your car, which can provide comprehensive coverage. To help you gain more insight about the same, we have mentioned all the details about the bumper-to-bumper insurance and why you need it for your car.  What is bumper-to-bumper car insurance? Also, known as the zero-depreciation car insurance policy, the bumper-to-bumper car insurance offers you an all-in-all coverage irrespective of the depreciation of the vehicle's internal parts. Even if any damage happens due to accidents, the car insurance policy will c...

Having third-party vehicle insurance has been made compulsory by the government through the mandate of the Motor vehicles act of 1988. Be it a personal or commercial vehicle, every vehicle owner must have this insurance to drive on Indian roads. Numerous motor insurance options are available for commercial vehicles in India, but many people aren’t aware of it. Now you can get your commercial vehicle insurance online without any hassle. This article has listed some commercial vehicle insurances available in India.  What is commercial vehicle insurance? The vehicles used for commercial and business purposes not registered as personal vehicles come under the category of commercial vehicles. The insurance policy for taxis, autos, trucks, buses, ambulances, multi-utility vehicles, tractors, and other commercial vehicles are termed under the tag of commercial vehicle insurance policies. Now, from the comfort of your home, you can get commercial vehicle insurance online .   Types o...

Car-owners must renew their motor insurance after expiry. If the insurance policy is not renewed within the grace period, it becomes void, and individuals stand to lose all benefits. Motor insurance companies usually provide a grace period allowing individuals to renew their policies. One can easily renew a car insurance policy online. The following sections provide a detailed guide on car insurance policy renewal online.  Step-by-step guide to renew your car insurance policy online Here’s how individuals can renew their car insurance policies through the online platform: Step 1:  Visit the official website of the insurance provider.  Step 2:  Go to the section for car insurance policy renewal. Step 3:  Provide details of previous motor insurance policy, such as policy number, chassis number, engine number, and registration number. Step 4:  Review policy details and check policy renewal premium. Now, proceed with the payment. Individuals can pay o...

Natural calamities are something that you cannot avoid. India being a peninsula, is more prone to natural calamities, and we witness cyclones and floods more often compared to our neighbouring countries. The climate adversaries cause more loss to life, and property and vehicle damage are no different. Most people wonder whether the damage that occurred due to the natural adversaries can be covered under car insurance policies . This article brings you all the necessary information regarding the same. So, keep reading! Can we claim insurance due to climate calamity under car insurance? Yes, you can claim the damage done to your vehicle by the natural calamity from your car insurance policies . However not all car insurance plan offers you protection against natural calamity damage, you need to get comprehensive car insurance plan to get the benefit. You cannot claim for the damage incurred by natural calamities with third-party car insurance. This is because the third-party insurance pl...