• Maruti Car Insurance

    Car Insurance
    • Protect yourself with third party or comprehensive cover
    • Use bumper to bumper policies to reduce your liability
    • Enjoy facilities like zero depreciation and roadside assistance covers

    A number of insurance firms provide car insurance for Maruti Suzuki. Maruti has tied up with these insurers under Maruti Insurance Broking Private limited, also known as Maruti Insurance, to assure that the best insurance coverage is provided to all the Maruti car owners. Maruti Insurance has partnered with 11 most popular general Insurance firms of India.

    Why is it Important to have Maruti Insurance?

    In India, it is mandatory to have a car insurance by law. Every vehicle plying on the roads should be insured with at least a third-party liability cover. If you drive an uninsured vehicle, you are breaking the law and can be subjected to fines or other penalties. So, if you own a Maruti Suzuki car, it is of vital importance to get the right car insurance policy that protects you and your vehicle against any liabilities caused due to a mishap.

    Maruti Suzuki has a pan-India network of service centres that are fully equipped with top-notch facilities, infrastructure and A-class mechanics. The Maruti Suzuki service centres assure quality repairs, replacement with the original spare parts and service from highly trained and skilled technicians. Maruti Insurance also has an outstanding customer care team that provides you with 24X7 assistance in case of a mishap.

    Maruti Car Insurance
    Maruti Car Insurance

    Benefits and Key Features of Maruti Car Insurance

    Below listed are some of the reasons why you should opt for a Maruti car insurance:

    • Provides a hassle-free insurance experience
    • Transparent claim settlement process
    • There are no hidden charges
    • Guarantees top quality repairs
    • Constantly reviews and upgrades the processes
    • Cashless claim settlement available at more than 2,000 network garages across the country
    • Acts as the one-stop-shop for all your motor insurance needs
    • Instant policy issuance
    • Dealer-assisted towing facility
    • Dedicated customer care team

    Maruti Car Insurance Partners

    Maruti insurance has formed an alliance with 11 of the well reputed insurance firms in India:

    • Bajaj Allianz General Insurance
    • ICICI Lombard General Insurance
    • Iffco-Tokio General Insurance
    • SBI General Insurance
    • Oriental Insurance Company
    • United India Insurance
    • National Insurance Company
    • The New India Assurance Co. Ltd.
    • Royal Sundaram General Insurance
    • Universal Sompo General Insurance Co. Ltd.
    • HDFC ERGO General Insurance Company Limited

    Maruti Car Insurance Calculator For Premium

    You can buy Maruti car insurance from a number of third-party websites as well as the official websites of the partnered insurance firms as well as Maruti’s. The websites have a built-in tool called premium calculator for determining your insurance premium when you purchase the Maruti Car Insurance for your vehicle online.

    When on the premium calculator page, follow the below steps:

    • Update/provide the accurate details regarding the make and model of your car, date of car registration/purchase, the city of car registration/purchase, the Insured Declared Value (IDV) of your car, your mobile number and email address
    • Agree to the terms and conditions provided below the calculator in order to receive a quote on your car insurance premium.

    Key benefits of Maruti Car Insurance

    Listed below are the key benefits of Maruti Car Insurance:

    • Quick and hassle-free claim settlement.
    • Choose a car insurance policy from a list of 11 reputed insurance companies.
    • Cashless garages spread across the country.
    • Transparent claim settlement process.

    Types of car insurance policies offered by Maruti Car Insurance

    Maruti Car Insurance offers the liability only policy which is the basic third-party insurance policy and the comprehensive car insurance policy.

    Liability only policy

    Also known as the third-party insurance policy, as the name suggests, this type of a policy offers coverage for damages caused to the car and coverage for medical expenses only for the third-party involved in the accident.

    Comprehensive policy

    A comprehensive car insurance policy offers coverage for damages to both parties involved in the accident – the policyholder and the third-party. In addition, coverage for medical expenses is extended to both parties if the accident leads to bodily injury or disability, a compensation is extended to the dependent of the individual if the accident leads to death. Not just for accidents, a comprehensive car insurance policy offers coverage if the car is damaged following a natural calamity such as a flood, earthquake, landslide, tornado, hurricane, cyclone, etc., or if the car is damaged following a terrorist activity, riot or strike. If the car is stolen, then following investigation and procurement of an FIR, the policyholder is granted compensation up to the Insured Declared Value (IDV) of the car.

    No coverage will be extended if the policyholder met with an accident while being under the influence of alcohol or drugs or if the incident is deemed as a consequential loss. In addition, no coverage will be extended due to the normal wear and tear of the vehicle, any damages caused to the tyres, if the damages are mechanical or electrical and if the car is damaged following a war, civil war or any sort of nuclear activity.

    Maruti Car Insurance Inclusions and Exclusions

    Maruti Car Insurance comes with a number of inclusions and exclusions as mentioned below:

    • Inclusions:
      • Fire, explosion, lightning, etc.
      • Man-made calamities like terrorism, riots, etc.
      • Burglary, theft, etc.
      • Natural Calamities like earthquake, storms, hurricanes, etc.
    • Exclusions:
      • Regular wear and tear of the vehicle
      • Electrical or mechanical breakdown of the vehicle
      • Damage to the tyres
      • Driving the vehicle without a valid driving license
      • Driving the vehicle under the influence of liquor/drugs
      • Vehicle being used for illegal purposes
      • Using car outside of the agreed geographical area
      • Vehicle being used for hire or as a reward
      • Vehicle used as a carrier of goods
      • Vehicle used for organised racing
      • Vehicle used for speed testing or reliability trials
      • Damages to the vehicle caused during nuclear wars and other perils

    The above information can be found under the Own Damage (OD) section of the insurance policy document.

    Maruti Car Insurance Add-ons

    Maruti Car Insurance provides the following optional add-ons in order to extend the insurance coverage:

    • Zero Depreciation Cover
    • Engine Protect Cover
    • Return to Invoice Cover
    • No Claim Bonus (NCB) Protect Cover
    • Roadside Assistance Cover
    • Accident coverage for car passengers
    • Daily Allowance Cover
    • Key Replacement Cover
    • Consumables Cover

    Maruti Car Insurance Renewal Online

    To renew your existing Maruti Car Insurance, you need to submit the below details in the customer portal of the website:

    • Your Name
    • Your Mobile No.
    • Your E-mail Id
    • Your Registration No.

    After you provide the above details, you will be directed to the webpage that has the premium calculator. As mentioned before, the tool will calculate your insurance premium after which you will be redirected to the payment page where you can pay for the insurance policy and complete the purchase.

    Maruti Car Insurance Endorsements

    An insurance endorsement refers to the corrections or changes made to your existing insurance policy. Endorsements are made in instances where there is a change in the car ownership, if a CNG/LPG kit has been added, insurance coverage has increased, changes in geographical area, etc. These changes or corrections are not made to the original policy document, instead an Endorsement Certificate is given to the policyholder.

    Endorsements are basically classified into Premium bearing and Non-Premium bearing Endorsements. Premium bearing endorsements are those changes for which an additional premium will be charged while Non-Premium bearing endorsements will not have any additional premium charges.

    • Premium bearing Endorsement:
      • Endorsement of Ownership Transfer (IMT 3)
      • Removal of Anti-Theft Device (IMT 10)
      • Correction of Vehicle Ex-showroom Price
      • Installation of Electrical Accessories (IMT 24)
      • Addition of LPG/CNG Kit (IMT 25)
      • Extension of Geographical Area (IMT 1)
      • Addition of Personal Accident Cover (IMT 16)
      • Endorsement for Rally Participation
      • Removal of Recognised Automobile Association Membership (IMT 8)
      • Installation of Non-Electrical Accessories
    • Non-Premium bearing Endorsement:
      • Correction of Registration Number
      • Changes in Hire Purchase Agreement, Lease Agreement, Hypothecation Agreement (IMT 5/6/7)
      • Correction in Customer Type
      • Change in Contact Details, Mobile Number
      • Correction in Prefix, Customer Name/Corporate Name
      • Correction in Nominee Details
      • Correction in Gender, Customer’s Address, City

    Maruti Car Insurance Claim Process

    Maruti Car Insurance Claim Process involves the following steps:

    1. Claim intimation
    2. Claim estimation
    3. Surveyor appointment
    4. Loss assessment by the surveyor
    5. Car repair post insurer’s approval
    6. Vehicle re-inspection
    7. Vehicle delivery
    8. Claim settlement

    No Claim Bonus (NCB) On Your Maruti Car Insurance

    NCB is a discount provided to you by the insurer for every claim-free year. The NCB can be accumulated upto a maximum of 50% on Own Damage (OD) premium.

    Your existing NCB is transferable from your previous policy to a new policy for the vehicle of same class but cannot be transferred from a private policy to a commercial policy.

    The standard rates of NCB are as given below:

    No Claim Period Discount Rates on Own Damage Premium
    1 year 20%
    2 consecutive years 25%
    3 consecutive years 35%
    4 consecutive years 45%
    5 consecutive years 50%

    Discount on Maruti Car Insurance

    There are several ways by which you can avail discounts on your insurance premium such as:

    1. By declaring the correct Insured Declared Value (IDV)
    2. By making no claim for small expenses
    3. By accumulating No claim bonuses
    4. By installing ARAI approved security devices
    5. By becoming a member of the Automobile Associations of India
    6. By opting for a higher voluntary deductible
    7. By purchasing a less expensive car
    8. If you have a good driving record
    9. If you renew your insurance policy in a timely manner

    How to Buy Maruti Car Insurance

    You can purchase your car insurance either offline or online depending on your convenience:

    • Online:

    You can visit any of the official or third-party insurance websites and get a quote on your insurance premium via the premium calculator. Once you get the quote, you can purchase the insurance policy from the website itself.

    • Offline:

    You can visit purchase your insurance policy offline by visiting the insurer’s nearest office or meeting with an insurance agent to discuss, get the premium quote and making the payment after submitting the relevant documents.

    Types of car insurance you should opt for your Maruti Suzuki Car

    There are two kinds of car insurance policies available in the market:

    • Liability Only Policy

    Under this policy, third-party liabilities for bodily injuries and/or Death, and Property damage are covered. Personal Accident cover for the policyholder is also included.

    • Comprehensive/Package Policy

    Under this policy, third-party liabilities as well as own damage liabilities are covered.

    Maruti Car Insurance FAQs:

    1. How can I renew my Maruti Car Insurance?
    2. Prior to the expiry of the policy, you will receive a call from the customer support team to renew the policy. You can make the renewal either at the branch of Maruti Suzuki Car Insurance or on the website of Maruti Suzuki car insurance.

    3. Will I be insured if my car is stolen?
    4. If you have a third-party insurance policy, then you will not be able to get any compensation for the stolen car, however, if you hold a comprehensive car insurance policy, you will receive compensation up to the Insured Declared Value (IDV) of the car or rather the current market value of the car.

    5. Are the add-on covers inclusive in the comprehensive car insurance policy?
    6. No, the add-on covers offered by Maruti Car Insurance have to be purchased over and above the premium of the base policy. They are not inclusive but offer enhanced protection and will ultimately reduce the out-of-pocket expense following a claim.

    7. How do I locate the cashless garages of Maruti Car Insurance?
    8. You can locate the closest network garage on the website of Maruti car insurance. At the network garage you have the option of the cashless claim settlement.

    9. What if I’m refused the cashless claim settlement by the garage?
    10. In such a case, you will have to go for the reimbursement claim settlement. For this, following the service you will have to pay for the expenses from your own pocket and submit the bills and other relevant documents for the reimbursement from Maruti Car Insurance.

    11. Is it mandatory to insure my vehicle?
    12. Yes, as per the Motor Vehicles Act, every vehicle that is being used must be insured with at least a third-party liability cover.

    13. Can the cheque date be later than the date of the policy issuance?
    14. No, cheque date should be the same or a date prior to the date of policy issuance.

    15. Can I transfer the existing No Claim Bonus (NCB) on my present insurance policy to my new Maruti Insurance policy?
    16. Yes, the NCB can be carried forward to your new Maruti Insurance policy.

    17. Does Maruti Insurance charge additional premium for the unique benefits they offer?
    18. No, the insurance policy does not charge any additional premium.

    19. The chassis/engine has been changed in my vehicle, how can I now renew the policy with the new engine/chassis numbers?
    20. You can use the existing policy number to renew your policy as long as you get the same changed in the RC book and intimate the Maruti Insurance regarding the same.

    News About Maruti Suzuki Car Insurance

    • Maruti Suzuki cuts down production by nearly 21%

      Maruti Suzuki through its regulatory filing has cut down its car production by almost 21% in India. Maruti produced almost 1.71 lakh units in the month of March which dropped down to 1.36 lakh units post that.

      The automaker blamed low demands as one of the primary reasons behind the cut down in production. The carmakers also felt that because of this there is a drop in the sales and for it to improve there is a requirement of economic momentum. Maruti Suzuki also felt that it will take at least a year before the numbers go up partially due to the general election which is scheduled to happen in the month of April. The automaker, however, hoped that the new government will take measures to improve the economy which will help the company better their sales.

      9 April 2019

    • Maruti Suzuki launches new commercial that explores its services

      Rather than just promote their brand of cars through their commercials, auto maker Maruti Suzuki has rolled out an informative commercial taking customers through the A to Z of their services on offer. The ad campaign highlights the steps that the customer has to take to buy a car to the servicing and the general life cycle of the car. From the point of the car being financed by Maruti Suzuki

      Financial services, to their new ‘iCreate’ customised service. Through the iCreate, customers can choose their accessories, speakers, interiors, body kits, alloy wheels and so on, all online on the website. The campaign goes on to highlight the Loyalty program of the car maker, how customers can earn points and redeem them as discounts. The advertisement takes customers through the process of availing the cashless facility for repairs and services of the car at all their network branches. In addition, the ad campaign also took customers through the Maruti Suzuki Driving schools around the country and what consists of the 21 day driving program. To be eligible for the 21 day driving program, candidates have to be at least 18 years to enroll.

      28 January 2019

    • Maruti Suzuki sales forecast drops to 8%

      While the popular car manufacturer of the country, Maruti Suzuki, was expecting a double-digit growth this fiscal year, it is most likely to be around 8%. During the first quarter, the company recorded a growth of 10.5% but the growth has been flat for the past half year. However, the company expects the high rate growth to return during the fourth quarter and scale it up to a yearly average of 8%. The reasons for the flat growth has been observed to be the hike in car insurance costs, fuel prices, and loan interest rates. Also, the company has found that the sales are usually not great during the year before the central elections. This has been noticed for two years in a row.

      Though the sales performance of the company has been rather dull these past 5-6 months, the company is hopeful of the next quarter. It will be releasing a new model next year and will offer some great discounts to push retail sales too. Also, the delivery of the 23,000 Ertigas that have been booked is expected to improve sales drastically. Wholesales are expected to shoot up by 5% during the January to March quarter.

      22 December 2018

    • Maruti Suzuki to launch modified Baleno by mid-2019

      Certain sources reveal that the well-known car manufacturer, Maruti Suzuki, will launch a new version of the Baleno post a facelift. The car is expected to undergo only cosmetic changes and not many mechanical changes. The changes are expected for the overall detailing, the bumpers, and the front fascia. A new set of alloy wheels are also expected to come with the modification of one of the popular hatchbacks in the country. The car may also get fog and LED lamps for the new look. The interiors of the car are most likely to get upgraded too, with additional features such as speed alert system and rear parking sensors. In terms of the mechanical details, the Baleno is offered with a 1.2-litre petrol engine or a 1.3-litre diesel engine. While the petrol engine produces 84 PS and 115 Nm, the diesel engine produces 75 PS and 190 Nm. The car is designed on a heartect platform and has two transmission options. The price of the Maruti Suzuki Baleno ranges between Rs.5.38 lakh and Rs.8.50 lakh. The refreshed Baleno, however, is expected to come with an increase of Rs.25,000 - Rs.30,000.

      31 October 2018

    • Maruti Suzuki becomes largest seller of automatic cars in India

      Maruti Suzuki has recently become the largest seller of automatic cars in the country. Around 20% of the company’s total sales is contributed by its AMT models. Maruti Suzuki established a place for itself in the affordable automatics category with the introduction of the Celerio AMT in the year 2014. Currently, the company offers a number of AMT cars including the Dzire, Swift, and Vitara Brezza. The AMT cars offered by Maruti Suzuki offer a smooth driving experience without compromising on fuel efficiency.

      The company has reportedly sold a total of 3.6 lakh automatic cars in the country during the last 4 years, while the sales of the company’s CVT cars such as the Baleno and Ciaz have been 10% lesser than the number of AMTs sold.

      The Maruti Suzuki Dzire is, at present, the highest selling car model in the country, with a majority of the sold units having the ATM option. The car manufacturer offers the ATM variant on both its diesel and petrol models. In total, the company manufactures 7 products with an ATM option.

      5 September 2018

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