After purchasing a car, some people follow this tradition. They go the preferred place of worship to seek the blessings of the almighty. The priest performs a ritual. In Hinduism, they place a lemon under each tyre and run the car over it, as it is considered as a good omen.
In India, it is mandatory to buy an automobile insurance too. So, you have to have car insurance. Before you buy motor insurance, here are the things that you should keep in your mind.
There are two types of automobile insurance plans offered by insurers.
As third-party insurance is compulsory in India, it is a wise decision to opt for a comprehensive motor insurance, as it provides an adequate coverage. When it comes to buying insurance, never be underinsured.
Imagine this scenario - after parking your car, you went into a restaurant. When you came back, you noticed that there is a dent on your car. It broke your heart a little when you saw that. When you went to the mechanic to get the dent fixed, the repairing cost broke your heart a little more.
The bottom line is, when you have comprehensive motor insurance, you are safeguarded against these expenditures.
|You may like to Read: Third party Car Insurance
Note: Always check the above points when purchasing a car insurance policy.
22 Feb 2024In layman's terms, the IDV full form is the Insured Declared Value
31 Jan 2024Investing in a full-coverage car insurance policy is essential for
29 Jan 2024No Claim Bonus (NCB) is a reward given by an insurer to a
17 Jan 2024Buying their first car is no less than a milestone unlocked for
12 Dec 2023The type of four-wheeler you purchase also impacts its insurance
#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.