Auto Insurance in India deals with the insurance covers for the loss or damage caused to the automobile or its parts due to natural and man-made calamities. It provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability. There are certain general insurance companies who also offer online insurance service for the vehicle.
Auto Insurance in India is a compulsory requirement for all new vehicles used whether for commercial or personal use. The insurance companies have tie-ups with leading automobile manufacturers. They offer their customers instant auto quotes. Auto premium is determined by a number of factors and the amount of premium increases with the rise in the price of the vehicle. The claims of the Auto Insurance in India can be accidental, theft claims or third party claims. Certain documents are required for claiming Auto Insurance in India , like duly signed claim form, RC copy of the vehicle, Driving license copy, FIR copy, Original estimate and policy copy.
There are different types of Auto Insurance in India :
- Private Car Insurance – in the Auto Insurance in India, Private Car Insurance is the fastest growing sector as it is compulsory for all the new cars. The amount of premium depends on the make and value of the car, state where the car is registered and the year of manufacture.
- Two Wheeler Insurance – the Two Wheeler Insurance under the Auto Insurance in India covers accidental insurance for the drivers of the vehicle. The amount of premium depends on the current showroom price multiplied by the depreciation rate fixed by the Tariff Advisory Committee at the time of the beginning of policy period.
Indian Car Insurance Companies
Popular Car Insurance Companies of India
United India Insurance Co. Ltd.
# 24, Whites Road
Chennai - 600014
Ph: +91-44-28520161
Website: www.uiic.co.in |
Tata AIG General Insurancev Peninsula Corporate Park
Nicholas Piramal Towers
9th Floor
Ganpatrao Kadam MargLower ParelMumbai - 400 013
Website: www.tata-aiggeneral.com |
Bajaj Allianz
GE Plaza, 1st Floor
Airport Road
Yerawada
Pune - 411 006
Ph: +91-20-66026666
Fax: +91-20-66026667
E-mail: info@bajajallianz.co.in
Website: www.bajajallianz.com |
Bajaj Allianz
GE Plaza, 1st Floor
Airport Road
Yerawada
Pune - 411 006
Ph: +91-20-66026666
Fax: +91-20-66026667
E-mail: info@bajajallianz.co.in
Website: www.bajajallianz.com |