Car Insurance Delhi

A car insurance is an agreement between the insurer and the insured, where the insurer promises to protect the policyholder from any unforeseen liabilities that arise as a result of mishap, in exchange for a fixed premium. As per the Motor Vehicles Act, it is mandatory in India for every car owner to insure his/her vehicle with at least a third-party liability cover. Delhi is one of the busiest cities in India, especially in terms of the traffic on roads. Hence it is a must for any car owner to insure his/her car in Delhi

Types of Car insurance Available in Delhi

Basically all insurers in Delhi offer two types of car insurance covers; comprehensive car insurance plan and third-party liability cover.

• Comprehensive Car insurance

A comprehensive car insurance plan covers third-party liabilities as well as own damage liabilities that one incurs due to a misap.

• Third-party Liability Cover

A third-party liability car insurance plan covers third-party liabilities alone that one incurs at the time of a mishap.

Top Car Insurers in Delhi

A number of car insurers in Delhi offer good car insurance plans, a few among them are listed below:

• Bharti AXA General Insurance
• Cholamandalam MS General Insurance Company Ltd
• ICICI Lombard
• Iffco Tokio General Insurance
• United India Insurance Company

Car Insurance Policy Purchase and Renewal in Delhi

Car insurance policy in Delhi can be purchased or renewed either online or offline depending on your convenience.

• Online Purchase/Renewal of Car Insurance Policy

You can purchase car insurance policy online by visiting official insurance websites or third-party insurance websites. These websites come with a built-in premium calculator that, based on the provide information, calculates an estimate of your car insurance premium and quotes the same. Based on the insurance premium estimate, you make a decision on the insurer you want to purchase or renew your car insurance policy.

• Offline Purchase/Renewal of Car Insurance Policy

You can purchase or renew your car insurance policy offline by visiting the nearest branch office of the insurer or meeting up with insurance agents. You will have to submit hard copies of relevant documents to the insurance at the time of policy purchase or renewal.

Car Insurance Claim Process in Delhi

Car insurance claim process involves the following steps:

• Inform the insurer as soon as the mishap takes place and register your claim request
• File an FIR at the nearest police station and obtain a copy of the same, in case of theft or accident
• An authorised surveyor will be sent by the insurer to inspect the vehicle and assess the total damage incurred as a result of mishap
• Submit the copies of relevant documents as requested by the surveyor and get them cross-verified with the originals
• If your documentation is in order, the surveyor will approve for your vehicle to be repaired, post which get your vehicle towed or take your vehicle to the nearest garage
• In case of a cashless claim, take your vehicle to the nearest network garage and have it repaired. Post all the repair work the insurer will settle the bills for the same with the garage
• In case of a reimbursement claim, take your vehicle to any of the nearest garage and have it repaired. Pay the garage directly for the repairs done and submit the respective invoice to the insurer to claim reimbursement of the amount spent by you on vehicle repairs

Car Insurance Inclusions and Exclusions

Car insurance comes with a number of inclusions and exclusions, a few of them are mentioned below:

• Inclusions:
  • Third-party liabilities
  • Own damage liabilities
  • Damage/loss as a result of natural calamities
  • Damage/loss as a result of man-made calamities
  • Damage/loss in case of theft
• Exclusions:
  • Damage/loss when the policy has expired
  • Damage/loss if the driver was under the influence of alcohol or drugs
  • Damage/loss if the driver was underage or didn’t have a valid license
  • Damage/loss due to nuclear perils or wars
  • Damage/loss if a private vehicle was being used for commercial purpose and vice-versa

Car Insurance Add-ons Offered in Delhi

Insurers offer a number of add-ons with the insurance policy in order to increase the policy coverage, a few of the popular ones are listed below:

• Zero Depreciation Cover
• Return to Invoice Cover
• Engine and Circuit Protect Cover
• No Claim Bonus Protection Cover
• Key Replacement Cover

Discounts Offered on Car Insurance Premiums in Delhi

Insurers offer a number of discounts on car insurance premiums in Delhi, a few of the discounts are mentioned below:

• Discount if you have installed ARAI approved safety devices in your car
• Discount if you have opted for a higher voluntary deductible
• Professional Discount
• No Claim Bonus Discount
• Discount if you are a member of any automobile associations in India