Hyundai Motor India Limited (HMIL) is the Indian subsidiary of Hyundai Motor Company. HMIL commenced its operations in 1996. The firm provides exclusive programs for Hyundai car owners out of which the notable ones are the Extended Warranty Program and the Insurance Program.
Hyundai Car Insurance protects Hyundai car owners from future liabilities that may occur as a result of accidents, natural calamities, etc. The insurance offers financial assistance in covering third-party as well as own damage liabilities. As per the Motor Vehicles Act, it is mandatory to insure your vehicle with at least a third-party liability cover.
Hyundai has partnered with some of the best car insurers in India to offer top insurance services to its clients. The partnered insurers are:
Some of the key benefits and features of Hyundai Car Insurance are as follows:
The insurance websites have an in-built tool for calculating your insurance premium called the premium calculator. You will have to provide the requested details, based on which the calculator will quote your insurance premium.
Hyundai Car Insurance comes with certain inclusions and exclusions, a few of them are listed below:
Major add-ons provided by Hyundai Car Insurance are:
You can renew your car insurance online 30 days before your insurance policy is set to expire. You can do the policy renewal from a reliable third-party insurance website or from one of the partnered insurer websites.
Car Insurance Endorsements are the changes or updates made to your existing insurance policy. Endorsements are of two kinds, premium bearing and non-premium bearing. A few of the endorsements are given below:
Post a mishap you can either raise a cashless claim or a reimbursement claim request. The process varies slightly with the claim request registered.
Hyundai Car Insurance claim process involves the following steps:
The partnered insurers for Hyundai Car Insurance offer NCBs as a reward to the policyholder for every claim-free year. The NCBs can be accumulated for a maximum of 5 years. The NCB percentage will increase with each consecutive year; starting from 20% at the end of 1st claim-free year.
There are a number of ways to avail discount of your insurance premium, a few of them are listed below:
You can purchase Hyundai Car Insurance either online or offline depending on your comfort:
You can visit any of the third-party insurance websites or partnered insurer websites and purchase a car insurance for Hyundai that offers you maximum benefits. You can also use the premium calculator to get a quote on your insurance premium.
What is an insurance certificate?
Certificate of insurance is a document issued by your insurer and includes all the relevant information on your car insurance.
What are the necessary documents to be carried at all times while driving your vehicle?
Insurance certificate, your vehicle’s Registration Certificate, the Pollution Under Control certificate and your driving licence are the documents to be carried with you while driving your car.
What does salvage and total loss mean?
Salvage is the total value of loss/damages to your vehicle post a mishap. Total loss is when your vehicle has undergone severe damages beyond the point of repair.
What is the normal period of car insurance policy?
Policy period can range between a year to three years depending on your insurance plan.
What is a voluntary deductible?
A voluntary deductible is a part of your insurance premium that you opt to pay at the time of your claim settlement.
Hyundai is offering its customers cash discounts up to Rs.1.5 lakh during this festive season. The festive season sale is expected to last till October 31, 2018 and Hyundai is offering various discounts on its new cars. In addition to offering cash discounts, the company also offers other benefits like free insurance and exchange bonus for its customers.
The discount amount varies based on the vehicle chosen by the customer. The maximum discount of Rs.1.5 lakh is offered for Hyundai Elantra, the company’s premium sedan, and Hyundai Tucson. Among the other top models in the company’s lineup, the company offers Rs.90,000 for Hyundai Xcent.
The festive season is the best time to buy cars in India as most vehicle manufacturers and dealers offer discounts for their customers. The company also noted that government employees will get a special discount on this discount offer.
11 October 2018
Hyundai Motor India Limited (HMIL), which will soon be launching a family hatchback, is expecting sales of its passenger vehicles to pick up from October. The company’s domestic sales grew by just 1% in July 2018 and decreased by almost 3% YoY the following month.
Mr. Puneet Anand, the Senior General Manager (Marketing), HMIL, said that the launch of Hyundai’s new car in October 2018 will bring the company new customers and improve the overall sales. He also added that Hyundai is currently focusing on creating an aspirational value, which is reflected in the company’s rising sales of its premium cars such as the Creta, Xcent, etc.
11 September 2018