Sonalika Insurance

Sonalika Insurance Price

Sonalika insurance price is fixed by the IRDAI for a third party insurance premium. The Sonalika insurance is a type of commercial vehicle insurance. The table below highlights the TP insurance premium prices for Sonalika vehicles with a gross vehicle weight less than 7500 kgs.

*Disclaimer: The above-mentioned premium is fixed by the IRDAI and is subject to change without prior notice.

Reasons to Buy Sonalika Insurance Policy

Some of the common reasons to buy a Sonalika insurance are:

• It is a legal obligation as per the Indian Motor Laws to have at least a liability-only policy.
• Sonalika insurance covers third-party liabilities, and comprehensive insurance also covers damages caused to your own vehicle.
• An insurance policy provides you with financial back-up as well as mental peace as the insurer covers any liabilities caused due to any unforeseen circumstance.

Types of Sonalika Insurance Policy

There are two types of insurance policies available which are mentioned below:

• Third-Party Insurance: Policyholders must mandatorily have at least a third party commercial vehicle insurance to secure their Sonalika vehicles as it is a legal mandate. This type of insurance only offers coverage against losses caused to a third party person and property.
• Comprehensive Insurance: This type of insurance is not legally mandatory but is a popular choice as it provides extended coverage. Comprehensive insurance covers third party liabilities as well as own damages incurred by the insured vehicle. Apart from standard coverage, comprehensive insurance also offers various add-ons to further enhance the protection at an additional premium.

Sonalika Insurance Policy Add-Ons

You can include the following add-ons to increase the coverage of your Sonalika commercial vehicle insurance:

• Zero Dep Cover: All accidental claims are paid after deducting the depreciation cost as per the age of the vehicle. The zero depreciation add-on cover helps the policyholder to avoid the depreciation cost and get a better claim amount.
• IMT 23: Damages caused to parts like tyres, tubes, lamps, bonnet, side parts, etc., are not covered under a standard comprehensive insurance. IMT 23 helps you cover losses caused to the uninsured parts after deducting the depreciation costs in case of an accidental claim.
• Accessories Cover: Damages caused to all additionally-fitted electrical and non-electrical accessories that are not listed under the manufacturer's initial selling price are covered under this add-on. This add-on covers damages caused to parts such as fog lamps, dashcam, etc.

How to Buy Sonalika Insurance Online?

The steps to buy Sonalika insurance online are mentioned below:

• Go to policybazaar.com
• Select 'commercial vehicle insurance'
• Fill the form with your vehicle details
• All the available pages will be displayed
• Include any add-ons if required and select the insurance suitable for your needs
• Pay the premium and your policy will be sent to you

How to Renew Sonalika Insurance Online?

You can renew your insurance online easily. Follow the steps mentioned below to get your insurance renewed:

• Head to the official website of Policybazaar Insurance Brokers Private Limited
• Select the commercial vehicle icon
• Fill the form with the required details
• Include add-ons, select the IDV, and NCB
• Choose the most suitable plan as per your requirements
• Pay the premium to renew your policy
• Your policy will be mailed to you.

How to File Sonalika Insurance Claim?

In case of any unfortunate event, you must follow the steps mentioned below to file a claim:

• To file a claim, inform your insurance provider
• The insurer will send a surveyor
• The surveyor will assess the damages incurred or caused by the insured vehicle
• File a police report, in case of any third party claims
• Fill and submit all the required documents
• Once approved, your vehicle will be repaired and the claim will be settled

Documents Required for Sonalika Insurance Claim

You need the following documents to successfully file a claim against your Sonalika Insurance policy

• Claim form
• Driver license
• RC
• FIR copy/ police report
• Repair estimate
• Load challan
• Permits