Mahindra & Mahindra Ltd. started its operations in India in 1945 and now serves a large customer base with their automotive needs across all the continents.
Why is it Important to Insure Your Mahindra Cars?
As per the Motor Vehicles Act of India, it is mandatory for every car owner to avail at least a third-party insurance. Having a car insurance also protects you against any unforeseen liabilities as a result of road mishap.
Mahindra Car Insurance Providers
A number of insurers provide Mahindra insurance in India, a few of them are listed below:
- Bajaj Allianz General Insurance Co. Ltd.
- HDFC ERGO General Insurance Co. Ltd.
- Royal Sundaram General Insurance Co. Ltd.
- Bharti AXA General Insurance Co. Ltd.
- Cholamandalam MS General Insurance Co. Ltd.
Mahindra houses the following vehicles:
- Mahindra NuvoSport
- KUV100 NXT
- Mahindra Bolero
- Mahindra Bolero Power+
- Mahindra Thar
- Mahindra TUV300
- Mahindra Verito
- Mahindra Verito Vibe
- Mahindra XUV 500
- Mahindra Xylo
- Actyon Sports
- Chairman W
Types of Mahindra Car Insurance
There are two kinds of car insurance available for Mahindra:
- Comprehensive Car Insurance
A comprehensive car insurance policy covers the third-party liabilities as well as own damage liabilities that you incur due to the mishap.
- Third-party Liability Cover
A third-party car insurance policy covers only third-party liabilities that you incur due to a mishap.
Buying/renewing Mahindra Car Insurance
You can purchase or renew your car insurance online or offline depending on your convenience
You can buy a car insurance or renew your existing one via the insurer’s official website or any of the third-party insurance websites.
You can also avail a car insurance or renew your soon-to-expire car insurance policy by visiting the nearest branch office of the insurer or meeting with an insurance agent.
Mahindra Car Insurance Claim Process
The claim process for Mahindra car insurance involves the following steps:
- Inform the insurer as soon as the mishap takes place and raise a claim request.
- The insurer will send an authorised surveyor to inspect the vehicle and assess the total loss/damage incurred.
- Submit the originals and copies of the relevant documents to the surveyor.
- Take your car to the nearest authorised garage in case of cashless claim and get it repaired. The insurer will pay the garage directly for the repairs.
- Take your car to the nearest garage in case of reimbursement claim and get it repaired. You will have to pay the garage for the repairs and submit the payment receipt to the insurer for verification, after which you will be reimbursed with the amount you spent on the repairs.
Inclusions and Exclusions of Mahindra Car Insurance
Mahindra Car Insurance comes with a number of inclusions and exclusions, a few of them are listed below:
- Loss/damage due to theft
- Loss/damage due to natural calamities and man-made calamities
- Third-party liabilities
- Own damage liabilities
- Damage/loss in case the driver was underage or didn’t have a valid licence at the time of mishap
- Damage/loss in case the driver was under the influence of intoxicants when the mishap took place
- General wear and tear of the vehicle
- Damage/loss if the mishap took place outside of the agreed geographical area
Add-ons Offered with Mahindra Car Insurance
There are a number of add-ons available in the market for Mahindra Car Insurance, a few of them are listed below:
- Engine Protect Cover
- Zero Depreciation Cover
- No Claim Bonus Protect Cover
- Return to Invoice Cover
- Roadside Assistance Cover
Discounts Offered with Mahindra Car Insurance
The insurers offer a number of discounts to Mahindra car owners, a few of them are listed below:
- Discount on insurance premium if you are a member of any automobile associations of India
- Professional Discount
- No Claim Bonus Discount
- Discount on insurance premium if you have installed ARAI approved security devices in your car
Mahindra Car Insurance FAQs:
What is the validity of a car insurance?
A car insurance is valid for 1 year.
What is a compulsory excess?
A compulsory excess is a part of the insured amount that is fixed by the insurer and mandatory for you to pay at the time of claim settlement.
What is an Insurance Certificate?
An Insurance Certificate is the original insurance policy document that the insurer issues to the insured.
What is IDV?
IDV stands for Insured Declared Value and it is the maximum market value of the vehicle at any given point of time with respect to its age.
What is depreciation in car insurance?
Depreciation is the loss in the car’s value with respect to its age.