Owning a car is a significant investment, and safeguarding it against financial losses is crucial. While comprehensive car insurance provides extensive coverage, it may not fully compensate for the loss of your vehicle due to theft or total damage. This is where Return to Invoice (RTI) Cover comes into play. In this article, we’ll explore…
Introduction Personal Accident (PA) Cover is an essential insurance policy that provides financial protection in case of accidental injuries, disability, or death. As per Indian law, it is mandatory for vehicle owners to have this coverage while driving. It ensures that policyholders and their families receive compensation in case of unforeseen events on the road….
Engine Protection Cover: Safeguard Your Car’s Heart What is Engine Protection Cover? Engine Protection Cover is an add-on insurance policy that offers financial security against engine damage due to factors like waterlogging, oil leakage, or lubricant failure. This cover is particularly beneficial for individuals living in flood-prone areas or those who drive in harsh conditions….
When buying car insurance, many people opt for a standard comprehensive policy. However, these policies deduct depreciation costs when settling claims, reducing the payout. A Zero Depreciation add-on, also known as zero depreciation cover, eliminates this depreciation deduction, ensuring full claim settlement for vehicle repairs. What is Bumper-to-Bumper Insurance? Bumper-to-bumper insurance is an add-on cover…
Introduction Car insurance in India is evolving with innovative policies like Pay-As-You-Drive (PAYD) Insurance. This flexible option allows vehicle owners to pay premiums based on their actual usage rather than a fixed annual rate. It benefits low-mileage drivers by offering cost savings and customized coverage. In this article, we explore PAYD insurance, its advantages, eligibility,…
Understanding Own Damage Insurance Own Damage (OD) Insurance provides financial protection against damages to your vehicle. It covers losses due to accidents, theft, natural disasters, and vandalism. Unlike third-party insurance, which only covers liabilities toward others, OD insurance ensures that repair costs for your car are covered, reducing your financial burden. This type of insurance…
Coverage, Benefits & Why You Need It A car is more than just a vehicle; it’s an investment that needs proper protection. While third-party insurance meets legal requirements, it does not cover your own vehicle’s damages. That’s why comprehensive car insurance is a popular choice among car owners in India. This policy not only includes…
Introduction Owning a vehicle in India comes with several responsibilities, and one of the most important is having valid insurance. Among the different types of car insurance, third-party insurance stands out as the most essential since it is legally mandatory under the Motor Vehicles Act, 1988. Whether you drive a car, bike, or commercial vehicle,…