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.
Partnering with self-driving company Revv, car manufacturers Hyundai are all set to launch car rentals on a subscription basis on a short term and long-term basis. Customers can rent new Hyundai cars for a month up to 48 months, but those who wish to opt for the one-year subscription, they will have to bear the cost of the insurance premium. The project will be launched by Hyundai and Revv in six cities, Kolkata, Pune, Bangalore, Hyderabad, Mumbai and Delhi. Customers opting for the monthly subscription of the car rental can choose to rent it just for the weekends or weekdays. Customers can also swap Hyundai models as per their choice, although the price between models will vary. For customers in Pune that want the services, a monthly subscription of a Santro car will cost them a little over Rs.25,000, which Rs.5,000 being the deposit amount. In addition, the pickup and drop facility amounting to Rs.300 will be included in the cost. After the lock-in period, the customers can also choose to purchase the car based on its current market value. The maintenance charges of the car will be taken care of by the company.
March 13, 2018
Hyundai, a leading car manufacturer in India, has started to offer attractive discounts on its current range of cars. The car manufacturer is offering a discount of up to Rs.16,000 on the Hyundai Santro. Discounts, however, are only being offered on the stock that is leftover from 2018.
There is also a discount of up to Rs.75,100 being offered on the Grand i10. The discount scheme includes an exchange bonus of up to Rs.20,000 and a cashback of Rs.40,000. Further, an additional discount of Rs.10,000 is being offered on the Sportz Dual Tone and the Asta. Government employees can avail an added discount of Rs.5,100.
The car maker is also offering a discount of up to Rs.20,000 is being offered on the Elite i20 and the i20 Active. Individuals who purchase the Xcent can avail discounts of up to Rs.75,100 in the form of a direct cashback, an exchange bonus, etc.
The maximum discount that is being offered on the Hyundai Verna is Rs.40,000, which includes an exchange bonus of Rs.20,000 and a corporate bonus of Rs.20,000. The maximum discount that is being offered on the Elantra and the Tucson is around Rs.75,000.
8 March 2019
Hyundai is offering attractive benefits and discounts on its 2018 models. These offers can be claimed up to February 25. This offer is applicable to the Grand i10 (petrol and diesel variants), i20 Active, Elite i20, Verna, Xcent, Elantra, and the Tuscon.
While the car manufacturer has not provided a breakup of the benefits offered, it is likely that it will include a corporate bonus, an exchange bonus, free insurance, and an extended warranty. The benefits offered range between Rs.50,000 and Rs.1,30,000, based on the car model.
22 February 2019
Hyundai India has recently introduced the much-awaited version of the new Santro. The car manufacturer has also opened bookings for the car ahead of its launch. The base model of the new Santro is priced at Rs.3.89 lakh, while the top-end model is priced at Rs.5.45 lakh.
The bookings for the new model crossed 40,000 in just 2 months since when the bookings opened. Automobile dealers in the Delhi-NCR region are offering discounts of up to 40% on the own damage insurance cover to individuals who purchase the new Santro. This discount is, however, only being offered this month, as part of the year-end sales.
18 December 2018
Renowned automaker Hyundai has announced year-end discounts on various models of cars in its lineup. The company has announced these discounts in a bid to clear its inventory by the end of this year. This is a common thing followed by various automakers in the country. In addition to price discounts, Hyundai has also announced a special price for its Grand i10 Sports and Xcent VTVT.
These discounts are announced to the tune of Rs.90,000, and it will be applicable till the end of December 31. Among the major models, New 2018 Verna comes with a discount up to Rs.50,000, Eon has total benefits worth Rs.65,000, Xcent has a total discount worth Rs.90,000, etc. These discounts are available for both petrol as well as diesel variants.
Hyundai Grand i10 Sportz is now available at a special price of Rs.5.99 lakh, and Hyundai Xcent VTVT is available at a special price of Rs.5.39 lakh.
10 December 2018
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
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