Liberty General Insurance Company is a joint venture between Liberty Holdings PTE Ltd, Enam Securities and DP Jindal Group. The insurance company started operating in 2013 by providing retail, commercial and industrial insurance solutions.
Liberty General Insurance Company offers various insurance products, including car insurance and more. With a 98% claim settlement ratio, Liberty General Insurance Company aims to become India's most trusted insurance company.
|Features||Coverage and Benefits|
|Claim Settlement Ratio||98%|
|Personal Accident Insurance||Up to Rs.15 Lakhs|
|No Claim Bonus||Yes|
|No. of Zero Dep Claims||Unlimited|
Liberty car insurance offers multiple benefits to its policyholders. They are:
Liberty General Insurance Company offers three basic types of motor insurance policy. These are:
This Liberty vehicle insurance policy covers a policyholder against third party liabilities, such as third-party injury/death and third party property damage involving the insured car. It helps to fulfil the mandatory requirement of having a third-party insurance cover for every car owner in India. Under this policy, the liability for third party injury or death is unlimited, but third party property damage is only covered up to Rs. 7.5 lakh. However, this policy does not cover damages incurred by the insured car.
The Standalone Own Damage policy covers the insured car against damages arising due to unexpected incidents like road accidents, theft, fire, natural calamities, etc. This policy only covers the insured car and can be purchased in addition to the third-party liability-only policy.
For instance, if a policyholder already has a third party liability and wants to cover damages to own car, then he/she can purchase a standalone own-damage policy.
The Comprehensive car policy provides coverage against damages to the insured car along with third-party liabilities. This policy compensates the policyholder in case the insured car meets with an unforeseen incident such as an accident, theft, fire, earthquake, riot, etc. Along with covering the insured car, the comprehensive car insurance plan also covers third-party liability, such as third party injury, death or property damage.
The coverage of a comprehensive plan can also be enhanced by purchasing add-on covers offered by the insurance company at an extra premium amount.
A policyholder can also calculate the premium of the four-wheeler insurance plans offered by Liberty General Insurance Company using a Liberty car insurance premium calculator. This calculator is a quick tool to assess whether the car insurance premium fits your budget requirements or not.
If the insured vehicle breaks down somewhere on the road, then this cover will provide roadside assistance.
These include minor repairs, arranging emergency fuel, towing of the insured car, and other services.
A Passenger Assistance cover provides coverage for the passengers travelling in the insured car, such as hospital allowance,
medical expenses and medical transport assistance, in case of an accident.
Under the Depreciation cover, the insurance company provides coverage for the
depreciation borne by the insured car, which is excluded by the basic car insurance policy.
The consumables add-on covers the cost of replacing
or refilling consumable items, such as grease, oil filter, nuts, bolts, etc., of the insured car.
Under the Gap Value Cover, the policyholder will receive the difference between IDV
and the invoice value of the insured vehicle in case of theft or total loss of the vehicle.
In case the keys of the insured car have been lost, broken or stolen, key replacement add-on cover
will compensate for the cost of repairing or replacing such keys.
The Engine protection add-on provides coverage to the policyholder
in case the insured car's engine or gearbox has been damaged due to water ingression or lubricant leakage
Under the loss of personal belongings add-on, the insurance company
will provide coverage for the loss or damage to the policyholder's personal belongings in the insured car
An NCB Protection cover will not nullify the No Claim Bonus even if two claims have been made by the policyholder.
Thus, this add-on cover helps in retaining NCB irrespective of claim registration.
To renew Liberty car insurance online, you can follow the below-mentioned steps:
Step 1: Visit the official website of Policybazaar Insurance Brokers Private Limited and select 'Car Insurance' from the homepage
Step 1: On Policybazaar.com, select the ‘Car Insurance’ tab from the homepage
Step 2: On the given form, enter your car number and view instant quotes.
Step 3: Enter the required details and view policy prices
Step 4: Select the expiry date of your policy and whether you have made the claim or not
Step 5: Find the Liberty car insurance renewal plan from the given plans. You can also view plan details from here.
Step 6: Select the add-on covers to your plan and proceed forward
Step 7: Enter the No Claim Bonus as per your existing motor insurance policy
Step 8: Fill in the required details and confirm
Step 9: Now select the option of “Summary and Payment”.
Step 10: Once the renewal premium has been verified, make payment via card, UPI or net banking.
Step 11: After successful payment of the premium, your Liberty motor insurance renewal will be complete. You will receive your policy documents at your registered email address.
In the event of an accident, loss or damage of the insured vehicle, you can follow these steps to register a Liberty car insurance online claim:
Register your claim by intimating the Liberty General Insurance Company about the incident. Once you have intimated the Company, a representative will accept your claim request.
After the claim has been registered, the insurance company will send a surveyor to inspect the damages sustained by the insured car.
The surveyor will ask for relevant documents for the claim to be processed. Make sure to keep all the required documents for quick claim settlement.
The insurance company will settle the claim with the network garage once your car has been repaired. In case the repair has been done at any non-network garage, then the claim amount shall be remitted directly to the policyholder’s bank account within 7 working days.
The documents required to raise a claim under Liberty motor insurance are mentioned below:
Ans: The Liberty General Insurance Company Ltd. offers 3 modes of premium payment, namely:
Ans: You can contact the nearest branch to check the policy status of your Liberty vehicle insurance. You can also visit Liberty General Insurance Company’s official website or Policybazaar.com to check the status of your motor insurance policy.
Ans: If you haven’t raised a claim under your Liberty vehicle insurance plan, you can ask for the cancellation of the policy. All you need to do is call customer care and request a cancellation or just visit the nearest branch office.
Ans: Yes, a Personal Accident Cover for the owner/driver of Rs. 15 lakh is offered by Liberty General Insurance Company under their four-wheeler insurance plans.
Ans: You can easily download a policy copy of your Liberty car insurance by visiting the insurer’s official website. If you have purchased a policy from us, you can download your policy copy by logging into your Policybazaar.com account.
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