Motor insurance is purchased for the vehicles including cars, trucks, bikes and much more and it is also known as vehicle insurance in the country. It is beneficial to provide the coverage against any kind of physical damage or theft to the owner of the vehicle. If there is any kind of damage to the vehicle due to natural or man-made calamities the insurance company will provide the coverage benefits to the policyholder.

In the crowded countries like India, the risk of an accident is very high on the road. Whether you have a personal or commercial vehicle, it is necessary to have motor insurance in the country. Without insurance policy, you will not be able to run your vehicle on the road in the country. You must have at least Third party Insurance policy with your vehicle. It is always beneficial for the vehicle owners to get insurance plan according to the budget and other factors for corporate benefits during any kind of unfortunate incident on the road.

What is Motor Insurance?

What is Motor Insurance?

Vehicle insurance is mandatory for all the auto owners in the country. In this insurance plan, the vehicle owner will pay the premiums as per the terms and conditions of the policy and the insurance company will provide the coverage in case of an accident or any other kind of damage to the vehicle. If you don’t want to spend your hard-earned money in the repairing of your vehicle due to man-made or natural damage, and just pick the right motor insurance plan for your vehicle. You will get options of comprehensive and third party Insurance plans with all the insurance companies in the country.

To make the perfect choice from Third party Insurance and comprehensive insurance, it is essential to know about the advantages and features of growth of the plans for every vehicle owner. To provide all this kind of information to all the consumers, Verified Policy is available as the best platform. We are here to help you in the perfect way by providing the details on the top insurance plans for your vehicle available in the market. First of all, get the information on the different types of vehicle insurance plans:

Types of Vehicle Insurance

Types of Vehicle Insurance

The different kinds of vehicles are available for individual and commercial purpose in the country. For all these vehicles from the following kinds of insurance plans are available with the insurance companies:

Car Insurance Policies

With the car insurance plans, you will find the coverage benefits against any kind of physical damage or accidental damage to your car. You will also get the coverage against any kind of third party damage in the accident with your insured car. After purchasing a car insurance policy, you will pay the premium and the company will offer the coverage according to the current market value, location, manufacturing year and registration details of your car.

At verified policy, we help you in the perfect way to make the perfect choice from the available car insurance plans in the market. Here is a list of the top car insurance plans that you can pick for your vehicle.

InsurerThird Party CoverCashless Network GaragesAdd-On CoversSpecial FeaturesExceptions
Bajaj Allianz Car InsuranceUpto 7.5L for third party property damage4000 and moreDefault: Roadside Assistance plan (RSA)*

Key & Lock replacement

Optional: Zero Depreciation (ZD)

Engine Protector

PA for Passenger

Electrical and Non Electrical Accessories

RSA and Lock & Key included in all policies by default

Instant Policy Issuance

Receive Instant Claims Assistance and SMS updates on your motor claim status through 24×7 call-centres.

RSA cover available for vehicles upto 15 years old

Lock & Key cover available for vehicles upto 10 years old

ZD and Engine Protector available till 5 years old

Bharti AXA Car PlanUpto 7.5L for third party property damage2300 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

Consumables

NCB Protector

Hydrostatic Lock Cover

Invoice Cover

PA for Passenger

Electrical and Non Electrical Accessories

Receive Instant Claims Assistance updates on your motor claim status through 24×7 call-centres.ZD and RSA plans available for vehicles upto 5 years old

Consumables, NCB Protector and Invoice Cover for upto 2 years old vehicles

HDFC Ergo Car Insurance PlanUpto 7.5L for third party property damage3000 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

Engine Protector

PA for Passenger

Electrical and Non Electrical Accessories

Unlimited claims for ZD plan in a year!

Occupation and Age discounts available

Comprehensive support through our dedicated customer support team

ZD plan available for vehicles upto 5 years old; require previous insurance also to have ZD Engine Protector is available for vehicles upto 2 years old
Future Generali Car Insurance PlanUpto 7.5L for third party property damage1000 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

Key & Lock Replacement

Loss of Personal Belonging

PA for Passenger

Electrical and Non Electrical Accessories

Laptop and Mobile phone theft is covered with Loss Of Personal Belongings cover!Add on covers available for vehicles upto 5 years old
IFFCO Tokio Car Insurance PlansUpto 7.5L for third party property damage2000 and morePA for Passenger

Electrical and Non Electrical Accessories

Large fleet of trained in-house Surveyors utilized for immediate attending to claims.

Usage of online e-survey claims module by both in-house and external Surveyors, for lowest TAT in claim settlement.

Usage of online e-survey claims module by both in-house and external Surveyors, for lowest TAT in claim settlement.

Liberty Videocon Car InsuranceUpto 7.5L for third party property damage1900 and morePA for Passenger

Electrical and Non Electrical Accessories

Claim settlement within 7 working days.

 

Swift telephonic service for effective claims support & assistance even on Sundays & holidays

New India Assurance Car InsuranceUpto 7.5L for third party property damageYour local branch will help you with claim settlementZero Depreciation (ZD)

PA for Passenger

Electrical and Non Electrical Accessories

Swift claim settlement process
Reliance General Car InsuranceUpto 7.5L for third party property damage2300 and moreZero Depreciation (ZD)

PA for Passenger

Electrical and Non Electrical Accessories

RSA plan included in all policies by default

Avail 24×7 instant roadside assistance through Anywhere Assist App

Quick and hassle-free settlement for your motor insurance claims

RSA plan available for vehicle upto 3 years old
Royal Sundaram Car InsuranceUpto 7.5L for third party property damage3300 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

NCB Protector

Windshield Cover

PA for Passenger

Electrical and Non Electrical Accessories

RSA plan included in all policies by default

Instant Policy Issuance

Speedy authorization of repairs to get the car back on road quickly.

NCB Protector cover given to new cars or old cars with at least 20% NCB

Add-ons available for cars upto 3 years old

ZD claims can be taken 4 times in a year

Tata AIG Car InsuranceUpto 7.5L for third party property damage1500 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

Key & Lock replacement

Loss of Personal Belonging

Hotel & Travel

Expenses PA for Passenger

Electrical and Non Electrical Accessories

Hotel & Travel Expenses covered in case of breakdown/accident

Laptop and Mobile phone theft is covered with Loss Of Personal Belongings cover!

ZD is available for cars upto 5 years old
Universal Sompo Car InsuranceUpto 7.5L for third party property damage1100 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

PA for Passenger

Electrical and Non Electrical Accessories

Instant Policy Issuance

Quick and hassle-free settlement for your motor insurance claims

Make the right choice from all these motor insurance plans available in the country for your car.

Commercial Vehicle Insurance Plan

Commercial Vehicle Insurance Plan

Two vehicles are used for the commercial purpose all over the world and there is always a big risk of damage due to an accident to your commercial vehicle. It may be a big financial loss for the owner of commercial vehicles to face such kinds of situations. If you don’t want to find this kind of trouble with your commercial vehicle, just get the commercial vehicle insurance policy with a good insurance company in the country.

Third Party Insurance Plan

Third party Insurance plans are available to provide the coverage benefits to the third person who got any kind of injury or damage due to the accident with your car or bike. In the country, it is mandatory for every vehicle owner to get at least third party Insurance policy to use the vehicle for the commercial or personal vehicle. You will find third-party plans with all the companies offering insurance services for automobiles and the country.

Two Wheeler Insurance

A large number of two wheelers are used by owners on Indian roads. To provide the protection and coverage benefits against any kind of damage to the two wheelers, the companies provide lots of two-wheeler insurance plans for the consumers. You will find most of the features similar to the car insurance in two wheeler insurance plans. The owners will find the protection benefits for the bike, scooter and moped with two wheeler insurance plans.

If you want to make the right choice for two wheeler insurance plan, you will find the complete information at Verified Policy. We are here to help you to make the right choice for a motor insurance plan for your two-wheeler. Here are some of the top insurance plans for two wheelers in the country:

InsurerThird Party CoverAdd-On CoversSpecial FeaturesLimitations
Bajaj Allianz Two Wheeler InsuranceUpto 1 L for third party property damageNo Add-ons available for Two WheelersExpired policies/ Owner Transfer cases can be renewed, WITHOUT Inspection and Documentation

Instant Policy Issuance

Swift claim settlement process

Available for vehicles upto 15 years old
Bharti AXA Two Wheeler InsuranceUpto 1 L for third party property damageNo Add-ons available for Two WheelersExpired policies can be renewed, WITHOUT Inspection and Documentation

Instant Policy Issuance

Swift claim settlement process

Available for vehicles upto 10 years old
HDFC Ergo Two Wheeler InsuranceUpto 1 L for third party property damageZero Depreciation (ZD)Expired policies can be renewed, WITHOUT Inspection and Documentation

Instant Policy Issuance

Swift claim settlement process

Renew expired policies- WITHOUT Inspection and Documentation

ZD plan available for vehicles upto 24 months old

Available for vehicles upto 15 years old

IFFCO Tokio Two Wheeler InsuranceUpto 1 L for third party property damageNo Add-ons available for Two WheelersInstant Policy Issuance

Comprehensive support through our dedicated customer support team

Available for vehicles upto 10 years old
New India Assurance Two Wheeler InsuranceUpto 1 L for third party property damageZero Depreciation (ZD)Instant Policy Issuance

Quick and hassle-free settlement for your two wheeler insurance claims

ZD plan available for vehicles upto 58 months old

Available for vehicles upto 10 years old

Reliance Two Wheeler InsuranceUpto 1 L for third party property damageNo Add-ons available for Two WheelersInstant Policy Issuance

Swift claim settlement process

Available for vehicles upto 10 years old
Universal Sompo Two Wheeler InsuranceUpto 1 L for third party property damageZero Depreciation (ZD)Instant Policy Issuance

Quick and hassle-free settlement for your two wheeler insurance claims

ZD plan available for vehicles upto 60 months old

Available for vehicles upto 10 years old

Comprehensive Insurance Cover

Comprehensive Insurance Cover

Comprehensive insurance packages are available to include the advantages of Third party Insurance as well as protection for any kind of damage or theft of your vehicle. If you don’t want to find any kind of trouble due to any kind of damage to your physical or third person due to any kind of injury, just go with the best comprehensive insurance plan available in the market for your vehicle.

Liability only plan:

In the liability only plan, the company will provide the coverage benefits for the property damage or body damage to any third person in an accident. You will also find the protection against burn injuries to the driver in any kind of accident.

All these kinds of insurance plans are available in India for the auto owners and you will need to make the perfect choice according to the type of your vehicle and your requirements to find the coverage benefits.

Why Should You Buy Vehicle Insurance?

Do you know that India has a record of highest numbers of road accidents and death globally according to the reports of World Health Organisation? There is always a big risk of accidents on the road in crowded countries like India. If you don’t want to find any kind of trouble due to the loss of your vehicle or driver during the road accident, the insurance plans are a very effective option that you must choose to ensure the safety and peace of mind.

Road conditions are poor and people do not follow the driving rules like Western countries in India. Therefore, the insurance plan is very necessary for every auto owner driving on the road. With the help of vehicle insurance plans, you will find peace of mind in the following ways:

  • Coverage benefits for physical vehicle damage:

By choosing the perfect Auto Insurance plan, you will find the coverage benefits for any kind of physical vehicle damage. It can be a road accident, natural or any other man-made calamities when you face the situation of physical damage to your vehicle. If you don’t want to waste lots of money on the repair of the physical damages of your vehicle, just go with vehicle insurance policy for your four-wheeler or two-wheeler vehicle.

  • Cashless claim settlement:

At the present time, you don’t need cash in your pocket to get the repair services for your vehicle in case of an accident. If you have an insurance plan for your car or bike, it is possible to get the benefits of direct settlement and cashless claim with Insurance Company. Almost every insurance company is providing the facility of cashless claim settlement to the consumers. You just need to visit the network garage to get the repair services for your insured vehicle. After that, the company will directly settle the repair expenses and you don’t have to say anything to the garage owner for the repair of your insured vehicle.

  • Roadside assistance:

They are also known to provide roadside assistance services to the policyholder if you are getting car insurance with a good company. Before making by choice for an insurance plan, always see if they are able to provide roadside assistance solutions or not. After that, you will be able to get the loan facility for your vehicle in case of any kind of problem in the middle of your journey. If you don’t find this facility included in the plan, you might face the problem if there is any kind of trouble with your vehicle anywhere on the road.

  • Third party coverage benefits:

It is normal on the Indian roads to get any kind of unfortunate incident with the third person. If you are making damage to the third person or property in an accident, the insurance company will provide the coverage benefits regarding it. Just find the perfect plan for your vehicle to avail this advantage. This benefit is available with all kinds of plans available in the market including third-party liability plans as well as comprehensive plans.

Because of all these advantages, you must choose a good insurance plan for your vehicle to ensure the complete protection and safety.

How to Make Choice For The Best Motor Insurance Plan?

How to Make Choice For The Best Motor Insurance Plan?

To ensure the complete peace of mind with motor insurance plan promo it is essential to make the choice for the best plan available in the market. Because of so many plans available with different companies, you may easily get confused to make the right choice. In this kind of situation, we are available to provide complete information to every consumer to make the best choice for the perfect motor insurance plan. You just need to consider the following factors before making the insurance choice for your vehicle:

  • The insurance company:

First of all, it is essential to make the choice for a good insurance company to choose the best insurance plan available in the market. Lots of companies are providing plans but you always want to get the trusted and reliable protection solutions with motor insurance. Check the claim settlement ratio as well as reviews of other clients of the company know about the reliability of service provider for the insurance plans. By making the right choice, you won’t face any kind of trouble to claim the advantages of your insurance plan.

  • The coverage advantages:

Always get the complete information about the coverage benefits while going to get the insurance plan for your vehicle. Now, you don’t need to face any kind of trouble to know about the coverage benefits with various motor insurance plans available in the market. Just get our services to compare the best plans and pick the perfect one for your car or two-wheeler vehicle easily. The coverage the advantages will depend on your premium rate paid to the company.

  • Add on plans:

You must have the complete information about add-on plans while looking to make choice for the perfect insurance plan for your vehicle. The add-on covers are available to provide additional benefits to the policyholder. It will give the advantages including:

  • Roadside assistance
  • Zero depreciation
  • Lock and key replacement
  • Engine production
  • Electrical and non-electrical accessories
  • PA for passenger

Therefore, make the choice for these available add-on coverage plans with your motor insurance policy for the complete peace of mind.

  • A network of cashless garages:

Cashless facilities are very beneficial for the policyholders who are looking to get the repair services without making the cash payments to the garage owner. Always check the network of cashless garages before making the choice for any motor insurance plan with any company. With this information, you will get good repair services and the company will directly make the settlements with the garage as per the terms and conditions of your insurance plan.

  • Compare the premium:

It will be better if you are able to compare the premium of your selected motor insurance plan. With different motor insurance plans, the different amount of premium will be applicable for policyholders. It is important to consider your current financial situation and your budget to find the proper premium option for the selected motor insurance plan. We are here to provide the best solution to all the policyholders who want to compare the premium. Just use the premium calculator tool at Verified Policy and know about the proper premium amount according to your needs and situation.

  • Know about terms and conditions:

Before making the choice for a motor insurance plan with any company, you must have the complete details about the terms and conditions. If you are looking to get complete transparency for terms and conditions, it will be beneficial if you choose the insurance plan online. The insurance agents may hide some of the important terms and conditions so you should buy the insurance plan online to get the complete details about the terms and conditions.

If you are able to consider all these factors, you will definitely make the right choice for the perfect motor insurance plan. Getting motor insurance plan is necessary but getting the right motor insurance plan is more important as a consumer.

The Parameters to Decide Premium Amount

To make the proper decision on the premium amount, you will need to consider various factors for it. As a new consumer, it will not be easy for you to make choice for the premium amount. In this situation, we are providing the perfect solution to every consumer who is going to get Auto Insurance plan. We provide the perfect tool that will be very beneficial for every consumer to calculate the amount of premium. You just need to consider the following factors while going to make the decision on premium amount:

  • Age of the consumer
  • Drive in the history of the policyholder
  • Geographic location
  • The profession of the consumer
  • Current market value and manufacture year of the vehicle

The amount of premium is affected by age and driving history of the consumer. If you are driving vehicle for a longer time without any kind of accidental history, you will get lower premium options as compared to the new drivers of vehicles.

It will also depend on the geographic location of the consumer. If you are going to drive the vehicle in a big city, the premium amount will be higher as compared to the rural and small town areas. There will be a bigger risk of accident in major cities due to the crowded environment. Therefore, you will always find a difference in the amount of premium according to the location.

Another factor is current market value and manufacture year of your vehicle that will affect the amount of premium while going to get the insurance policy for your car or motorbike. Therefore, always consider all these parameters while going to get a new insurance plan for your vehicle. The amount of premium will be affected by all these factors.

Inclusions in Motor Insurance Plans

Inclusions in Motor Insurance Plans

Before getting a motor insurance plan, you should have information about all the inclusions and coverage benefits provided by the company. We understand this requirement of the consumers and we are providing the complete information about the inclusions in most of the vehicle insurance plans available in the market. The company will provide the coverage benefits in the cases of following kinds of damage situations to the vehicle:

  • Damage due to any kind of strike and riot
  • Damage due to natural calamities including stone, flood, landslide, earthquake, cyclone etc
  • Any kind of burglary and fire damage to the vehicle
  • Accidental damage to the vehicle or insured driver
  • Damage to the vehicle due to any terrorism act

These are some of the common inclusions that you will find in most of the insurance plans available with different companies in the Indian market. There may be some more inclusion benefits if you are going with Add-on cover plans available with different companies in the market.

Exclusions in Motor Insurance Plans

Exclusions in Motor Insurance Plans

With inclusions, the information of exclusions is also very beneficial for all the policyholders. While going to get an insurance plan for your vehicle, you must have information about all the exclusions so that you can get the advantages of your insurance plan without any kind of inconvenience. Always keep in mind that your motor insurance company will not provide the coverage benefits in the following kinds of situations:

  • If the driver is using alcohol or drugs during driving
  • If the vehicle is used for any kind of illegal activity
  • If the driver is not having a valid driving licence during the accident
  • If any kind of damage or loss to the insured vehicle happens outside the country

With these common exclusions, there may be some more exclusion policies with your insurance plan for your vehicle. It is essential that you can get the complete information about all the exclusions before picking the motor insurance plan. Always get the details of exclusions with terms and conditions of insurance policy.

How to File The Claim Of Your Vehicle Insurance Plan?

How to File The Claim Of Your Vehicle Insurance Plan?

If there is any kind of unfortunate incident with your vehicle then you will need to file the claim of your motor insurance policy. You must have the information regarding all the formalities and documents while going to file the Motor Insurance claim. These formalities and documents will depend on the terms and conditions of your selected plan and the type of your vehicle as well as damage. Here is the complete information about the claim process according to your insurance policy:

File the Claim In Case Of Damage To The Car

In case of any accident or damage to your vehicle, you should immediately contact and inform your Insurance Company for it. After that, the insurance company will send the official person for inspection of the vehicle damage. After the complete survey, the report will be submitted to the company and after completing all the documentation and formalities, they will make a decision on your claim. You will need to submit the documents given below during the claim process:

  • Driving licence
  • Police report
  • Final bill from the garage
  • Registration certificate book
  • Fitness certificate for commercial vehicles

Third-party claims:

If you have a Third party Insurance plan, you will need to provide the complete information about the accident as well as the following documents to your Insurance Company:

  • Police report
  • Medical certificate
  • Driving licence
  • Death certificate in the cases of fatal claim
How to Save On the Premium Rates Of Motor Insurance Policy?

 How to Save On the Premium Rates Of Motor Insurance Policy?

Every consumer wants to save money on premium rates while going to get any motor insurance plan. If you are looking to find the best offers of premium rates, we are available to provide complete help with the useful tips to every consumer. You just need to consider the following factors to save on the premium rates of your motor insurance plan:

Compare the plans online:

As a consumer, you will always find the benefits to use the online services to compare the insurance plans online. With the different companies, you will find the difference in premium rate for insurance plans. If you want to get help to compare the vehicle insurance plans available in Indian market, you will find the complete information at Verified Policy. By comparing the plans online, you will be able to save big on the premium rates of your selected insurance plan.

Search for the discount offers:

The insurance companies provide lots of discount offers to the consumers. It is possible to lower your premium rate by using the office of no claim bonus. If you are not filing any kind of claim for your insurance plan, you will definitely get a big discount on the renewal of the policy. With the good time history, the consumers main easily find the discount offers to lower the premium rate.

The customers can also get the advantages by getting the value membership of various automobile associations including Western Automobile Association, Automotive Research Association of India, Automobile Association of Eastern India, Automobile Association of Southern India and much more. The insurance companies also provide the discount offers to the professionals including Government employees, Chartered Accountants, doctors and much more. Therefore, always look for the additional discount offers to lower the amount of premium paid for your insurance plan.

Install the anti-theft device:

By improving the security and safety of your vehicle, you will definitely get the advantages on the premium rate of your insurance policy. If you have an anti-theft device, ABS, airbag and other safety features in your car or bike, it will be possible to get the additional savings on your insurance plan premium rate.

Carefully choose the rider plans:

The rider plans are available to provide additional safety and coverage benefits to consumers. If you are getting sufficient coverage benefits with your existing plan, you should not go with the additional Rider plans because it will increase the amount of your premium for the insurance plan. However, it will be better to get the complete details on the writer plan and always get it when it is necessary.

By using all these useful tips, every customer will be able to get additional benefits by saving money on premium rates for the insurance plan.

Advantages of Comparing and Buying the Insurance Plans Online

 Advantages of Comparing and Buying the Insurance Plans Online

If you want to get a motor insurance plan for your vehicle, you will be able to buy it directly from the insurance agent as well as online. At the present time, online services are getting popular among all the customers because of magnificent advantages while making the choice for an insurance plan. If you are getting the services at Verified Policy to compare and buy the insurance plans, it will be beneficial in the following ways:

  • Get details of all the plans:

Before making the final decision on any insurance plan, you must have information about all the plans available in the market with different companies. If you choose to get the insurance plan by visiting the Insurance office or contacting the insurance agent, you will not get the information about all other plans available with all the insurers in the country. By using the online services, you will definitely make a better choice by comparing the plans. You will not onlyfind the saving options but you will be able to find the better coverage benefits with a better plan.

  • Minimum documentation:

You don’t have to take a headache for the documentation while going to buy the insurance plan online. You just need to submit some of the general documents with soft copy and you don’t have to carry hard copy documents while going to buy an insurance policy with online method.

  • Transparency:

With insurance agents, you will not get transparency in the terms of all the guidelines of insurance plan. It is essential for every consumer to back the complete information about terms and conditions. If you are choosing the insurance plan online, you will get the complete details of all the inclusion and exclusion from the insurance plan. It is always beneficial to know about the coverage benefits and limitations of insurance plan.

  • Premium calculator tool:

At Verified Policy platform, we have the perfect premium calculator tool to help all the consumers. If you are getting help with this premium calculator tool, you can easily estimate the amount of premium according to your current financial situation and future requirements according to the model and manufacture year of your vehicle.

Because of all these advantages, you should prefer an online method to buy any insurance plan. It is the easiest way to get the insurance policy by visiting the official website of an insurance company without any kind of inconvenience.

Motor Insurance FAQ's

Motor Insurance FAQ’s

Which vehicle insurance plan is better: comprehensive insurance policy or third party Insurance policy?

In India, it is mandatory for every vehicle owner to get Third party Insurance policy. However, you will not find the coverage benefits for any kind of damage to your vehicle during any kind of accident. It will only provide the advantages for the coverage to any third person who is injured because of the accident with your vehicle. On the other hand, if you are getting a comprehensive insurance plan, it will be beneficial to get the coverage benefits in cases of any accident all damage to your insured vehicle.

What coverage amount will be perfect with my insurance plan?

Every customer wants to know about the perfect coverage amount for the vehicle. However, it will always depend on various factors including your financial situation, model and type of your vehicle as well as the driving history. It will be better if you can calculate the amount of premium according to your requirements and then you can choose the amount of coverage with the selected insurance plan.

How coverage amount is calculated in an insurance plan?

The insurance coverage amount is calculated by considering various factors by the insurance company. It will depend on the insured declared value of your vehicle. In the simple words, it is the current market value of your automobile. They will consider the model, manufacture year, driving history, age, geographic location and many other factors to calculate the coverage amount.

What will be the period of vehicle insurance policy?

Normally, automobile insurance plans are available for 1 year with most of the companies. However, some of the companies provide longer insurance plans for the vehicles. If you don’t want to face the trouble due to any kind of forgotten renewal of the policy, you should see if they are able to provide longer plan options for your vehicle.

Can I get any kind of discount on my premium amount?

Yes, it is possible for the insured person to get various kinds of discount offers on the premium amount. If you want to save on premiums, always look for no claim bonus offers provided by the insurance company while going to renew your policy. You can also choose the membership of Western Automobile Association, Automotive Research Association of India, Automobile Association of Eastern India, Automobile Association of Southern India to find the additional discount offers. If you are able to provide some of the security features to your vehicle, it will also help to save on the premiums.

Is it possible to make any kind of changes in my policy?

There may be various situations when you want to make the changes in your insurance policy. You may choose to change the details like address or any other change related to your automobile. You will need to contact the insurance company and submit the letter to make the changes along with the required documents including your proof. It is possible that your premium might be changed with some of the changes in your policy.

If I am installing CNG or LPG kit in my vehicle, is it mandatory to inform the insurance company?

If you want to fit CNG or LPG kit in your vehicle, you have to inform Road Transport authority office where you are vehicle was registered. It is important to inform your Insurance Company about any kind of such modifications into your vehicle.

Is it possible to transfer the insurance to another buyer of the vehicle?

Yes, you will be able to transfer the insurance on the name of the buyer of your automobile. You will need to inform with a return letter to your insurance provider about the process of transfer. You will need to fill the proposal form and the insurance provider will complete the process of transfer after completing all the formalities regarding the no claim bonus policy and other terms and conditions.

If my insurance policy is lost, can I get a duplicate copy of it?

Yes, it is possible to get the duplicate copy of your insurance policy in the case of lost or stolen. You just need to contact the office of your Insurance Company and you will submit the request in writing regarding it. After that, you will pay the nominee fee and the insurance provider will issue the duplicate copy of your insurance policy.

What are the documents required to claim the motor insurance policy?

If you are going to file the claim for your insurance policy you will need to submit the documents given below:

  • Duly filled the claim form
  • Copy of Registration Certificate ofautomobile
  • The original estimate of loss
  • Original invoice as well as payment receipt of the repair.
  • Repair invoice is required to be submitted(If you avail the cashless facility)
  • FIR is required (if you file a claim for vehicle loss/theft)
  • The keys will be submitted with a non-traceable certificate (in case you are filing theft claims)

With most of the insurance companies, you will require all these documents for the claim process of your motor insurance policy.

Is it better to buy an insurance policy online?

At the present time, it is possible for every consumer to purchase automobile insurance policy with the online process. It comes with lots of benefits for you. The customer can compare all the available Clans easily and can make the right choice according to the personal requirements and benefits provided by the insurance provider. You will also get a better idea of all the terms and conditions of insurance company while choosing the insurance policy online. It is quite easy and quick process and you just need to go to the official website of the insurance company to purchase the policy after submitting the online application form and required documents.

We hope that you got the answers of all your queries regarding the automobile insurance plans. Make the right choice for a motor insurance policy with the help of Verified Policy.

Motor Insurance
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