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5 Reasons Why a Car Insurance Claim is Rejected

17

Jun, 2015

5 Reasons Why a Car Insurance Claim is Rejected

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In the insurance sector, motor insurance forms a crucial part both in terms of sales and claims. Most insurance companies in India get the maximum chunk of their business from motor insurance. Along with increasing sales, there are also claims that we need to focus on. Like all insurance policies, there are terms and conditions in motor insurance as well. These terms and conditions specify the various reasons because of which claims can be denied by an Insurance companies. These points are in line with the salient principles of insurance […]

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Keep Your Car Safe from Fire!

31

Dec, 2014

Keep Your Car Safe from Fire!

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Vehicle safety is as important as driver safety. So check out these simple tips on preventing your car from becoming a fire hazard. To learn more about our car insurance product and the benefits it offers, please click here!

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5 Factors that Impact Car Insurance Premium

21

Oct, 2014

5 Factors that Impact Car Insurance Premium

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In India, motor insurance is compulsory by law. In addition to this, car insurance is also vital for personal safety and increasing cost of claims. However, car insurance can be quite pricey and the large premiums can burn quite a hole in your pocket. By understanding the factors that affect car insurance premium, you can choose the best policy for your needs that not only protects your finances but also ensures the safety for your precious asset. Here are a few factors by which customer can manage the premium of […]

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Customer Checklist – Motor Insurance Renewal Process

15

Nov, 2013

Customer Checklist – Motor Insurance Renewal Process

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Your motor insurance policy should be renewed before the expiry date and time. Failure to do so can lead loss of the motor insurance renewal benefits. We take every effort to send reminders to all our policy holders to remind them about expiry of their motor policy. Company executives or agents will contact you in person, by telephonic reminder or by way of renewal notice before expiry of your policy, to ensure that you can have a timely, hassle-free renewal. Renewal Option and Payment Guidelines: Please read the instructions below […]

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Opt for Add-on Covers for Comprehensive Motor Insurance Benefits

26

Oct, 2013

Opt for Add-on Covers for Comprehensive Motor Insurance Benefits

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Consider this… Abhishek has bought a new car, and paid a basic policy premium of INR 15,000. Due to the rainy weather, he had a mishap where he ran into a tree. Due to this accident, there has been extensive frontal damage to the vehicle. In such a situation, while a large part of repair costs would be taken care of by his policy, he would still have to spend at least INR 30,000 from his own pocket to get all repairs and replacements done. On the other hand, had […]

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Components of Motor Insurance

28

Jun, 2013

Components of Motor Insurance

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IDV: IDV means Insured’s Declared Value. It is deemed to be the ‘SUM INSURED’ for the purpose of tariff calculation and is usually fixed at the commencement of each policy period for each insured vehicle. IDV is calculated by adjusting the current Manufacturer’s Listed Selling Price(*see below) of the vehicle with depreciation percentage listed in the table below: VEHICLE % OF DEPRECIATION Not exceeding 6 months 5% Exceeding 6 months but not exceeding 1 year 15% Exceeding 1 year but not exceeding 2 years 20% Exceeding 2 years but not exceeding 3 years […]

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