Ashok Leyland Insurance

Ashok Leyland Insurance Price

You must buy a commercial vehicle insurance policy to protect your Ashok Leyland vehicles. The Ashok Leyland insurance price for a third party insurance is fixed by the IRDAI. However, if you purchase an own-damage or comprehensive insurance policy, the premium will be slightly higher based on the coverage provided.

*Disclaimer: The third-party insurance premium mentioned above is as per the IRDAI and depends on the gross vehicle weight. The premium may vary if you choose a comprehensive policy and add-ons.

Reasons to Buy Ashok Leyland Insurance Policy

Here are the reasons to purchase a commercial vehicle insurance policy for Ashok Leyland commercial vehicles:

• Legal Mandate: Having an Ashok Leyland insurance policy for commercial vehicles is mandatory as per the Indian law. A third party commercial vehicle insurance will help you follow the law and also offer coverage for any damages caused to the third-party person or property. Whereas, a comprehensive insurance covers damages or losses incurred to your own vehicle as well as to third-party.
• Easy to Buy and Renew: The Ashok Leyland insurance can be easily purchased or renewed online on aggregator websites like policybazaar.com.
• Financial Backup: Ashok Leyland Insurance offers financial security and protection as the insurer is liable to pay for approved claims, allowing the policyholder to have a peace of mind.

Types of Ashok Leyland Insurance Policy

There are two types of insurance policy available for your Ashok Leyland commercial vehicles. You can check them below:

• Ashok Leyland Third-Party Insurance: A third-party commercial vehicle insurance policy is mandated by the Indian Motor Vehicle Act. It provides coverage against third-party injuries and damages. The premium for 3rd party insurance is fixed by the IRDAI.
• Ashok Leyland Comprehensive Insurance: It is not mandatory by law to buy a comprehensive insurance policy for commercial vehicles, however, it is much more beneficial to choose. In comparison to a third-party insurance plan, a comprehensive policy provides coverage for both third party liabilities and damages caused to the insured commercial vehicle due to road accident, collision, theft, fire, natural, and man-made calamities, etc. In addition to this, you can also purchase add-on covers to enhance the coverage.

Ashok Leyland Insurance Policy Add-Ons

To increase the coverage of your Ashok Leyland commercial vehicle insurance, you can buy the following add-ons:

• IMT 23: The IMT 23 add-on provides coverage against damages caused to excluded items such as tyres, lamps, bonnet, bumpers, headlights, etc, damaged in a road accident. With this add-on, your insurer is liable to pay for the total or partial damages caused to these parts after deducting the depreciation as per the age of the vehicle.
• Zero Depreciation Add-On: Usually while filing a claim against your own damage insurance, your insurer will deduct the depreciation cost that increases with the age of your vehicle. The zero-dep add-on ensures a better claim amount as with this add-on, the insurer will reimburse the whole amount without deducting the depreciation as per the terms and conditions of your policy.

How to Buy Ashok Leyland Insurance Online?

Today, when we can buy everything online, it is very simple to purchase commercial vehicle insurance online. The steps to buying Ashok Leyland insurance online are as follows:

• Visit policybazaar.com and choose the 'commercial vehicle insurance' tab.
• Fill out the vehicle number to get the prices. However, if you have a new vehicle click on 'I have a Brand New Vehicle' and fill out the form with the required details.
• After filling in all the information, select the plan that fits your budget and meets your requirements providing the best coverage for your Ashok Leyland commercial vehicle.
• Choose the policy and pay the premium. Once the payment is successful, your policy will be mailed to your registered email address.

How to Renew Ashok Leyland Insurance Online?

You can renew your insurance online from policybazaar.com using the steps mentioned below:

• Go to the official website at policybazaar.com and select the 'commercial vehicle insurance' option.
• Fill out your vehicle registration number and submit the form.
• The available plans will be displayed on the screen based on the details you provide.
• Include any add-ons if required and check your IDV based on your previous policy. Ideally your IDV should decrease by 10% every year.
• Select the plan as per your choice and pay the premium using available options such as netbanking/UPI/debit or credit card.

Your renewed policy will be sent on the registered email address and mobile number.

How to File Ashok Leyland Insurance Claim?

• The very first step that a policyholder has to do while filing a claim for Ashok Leyland Commercial Vehicle insurance policy is to inform the insurance provider at its toll-free number.
• For cashless claim settlement of Ashok Leyland insurance, the insured has to fix an appointment with the surveyor of the insurance provider. After performing the survey, the vehicle is taken to any of the network workshops of the insurance provider for repair.
• An insured must have to provide all the necessary documents to the surveyor.
• The insurance company can confirm the liability only after that.
• If one avails the cashless service, the Ashok Leyland insurer will settle the claim directly with the network garage.
• However, if one avails the reimbursement facility, he/she must settle the claim cost first by self. Later, he/she can provide all the original bills with the claim form to the insurer for settling the claim.

Documents Required for Ashok Leyland Insurance Claim

• Duly Signed Claim Form
• Copy of Driver License
• Vehicle RC
• Copy of FIR, if applicable
• Repair Estimate
• Load Challan (for commercial vehicles only)
• Permits