Identifying the best car insurance in India is not possible unless you analyze your insurance requirements thoroughly. It is because every car insurance policy has its benefits and limitations. Opt for comprehensive motor insurance if you expect a high coverage amount along with personal accident cover and other features. If you only want protection from third-party claims, get a third-party claim cover.
A comprehensive car insurance policy also offers third-party liability cover by default. Therefore, you don’t have to get it separately once you have subscribed to a full car insurance plan. Here are some top features you should be eyeing while buying a car insurance policy:
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Cashless claims
Many insurance companies offer cashless claim settlements these days. If your insurance policy has this feature it means that you don’t have to pay from your pocket to get your car repaired. Check the insurers that offer maximum network garages where this service can be availed. Also, find out whether or not the network garages are near your house or workplace. It is because you would want to tow your vehicle to a nearby network garage after an accident.
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Insurance premium
Don’t get an expensive car insurance policy if it isn’t needed. Therefore, it is always prudent to compare the premium of several car insurance policies before buying one. You should also check whether the premium is worth the features that a motor insurance policy offers.
Add-on covers also increase the premium. Therefore, be choosy while getting the add-on cover plans. A zero depreciation add-on cover provides coverage against the repair or replacement costs of depreciable parts. Also, if you ride with a pillion regularly, availing of a pillion rider add-on cover can be a smart choice. Also, verify whether the add-on plans that you require are offered by a particular insurance company or plan.
Company Profile
While determining the best car insurance in India, don’t forget to check the company profile. See whether the claim settlement ratio of a particular insurance company is high. If you are confused between car insurance plans offered by two or more insurance companies, choose the one that has the highest claim settlement ratio.
Claim settlement process
Also, go through their claim settlement process properly to avoid the last-minute hassles.
Choose an insurance plan that allows you to raise a claim online. You may also choose the plans that offer easy online insurance renewal once it expires.
Support Service
Getting services like roadside assistance, emergency assistance, etc. would be helpful in times of accident or other crisis. An insurance company providing 24/7 dedicated support services and multiple channels for availing of this service would be ideal for you.
Coverage
The best motor insurance plan will provide coverage against non-natural and natural incidents apart from the coverage against damage. Natural incidents such as lightning, earthquakes, landslides, flood, etc. are included in the protection cover. Also, non-natural incidents like riots, strikes, terrorism activities, and burglary are included in the coverage. Also, verify the amount insured in the personal accident cover in case of fatal injuries or disability before subscribing to 4-wheeler insurance.
Read the policy documents properly even after researching all the features and benefits offered by a specific insurance policy. It is because these documents could reveal some important facts that might not be informed to you in advance. For example, the deductible i.e. percentage of the insurance amount that is to be paid by the insured is mentioned in these documents. Knowing the deductible would help you analyze whether getting that particular car insurance plan would be financially feasible or not.
To go through the comprehensive and third-party car insurance plans in India, visit Bajaj Finserv’s official site. Here you will find the best plans along with the liberty of applying to a 4-wheeler insurance policy of your choice.
