Buy & Renew Car Insurance
Car insurance is a type of insurance policy designed to provide financial protection to the owner of a car against various risks such as accidents, theft, and damage to the vehicle. Car insurance policies are mandatory in India as per the Motor Vehicles Act, 1988.
There are two types of car insurance policies:
- Third-party insurance: This is the minimum legal requirement for all cars in India. It covers the damages caused by the insured vehicle to a third party, including injury or death of the third party and damage to their property.
- Comprehensive insurance: This policy covers not only third-party liability but also damage to the insured vehicle, theft, and personal accident cover for the policyholder.
Car insurance policies typically have a term of one year, after which they need to be renewed. The premium for the policy depends on factors such as the make and model of the car, the age of the car, and the location of the policyholder.
There are many insurance companies in India that provide car insurance policies. Some of the major insurance companies that offer car insurance policies are:
- ICICI Lombard General Insurance Co. Ltd.
- HDFC ERGO General Insurance Co. Ltd.
- Bajaj Allianz General Insurance Co. Ltd.
- Reliance General Insurance Co. Ltd.
- Tata AIG General Insurance Co. Ltd.
- National Insurance Co. Ltd.
- New India Assurance Co. Ltd.
- Oriental Insurance Co. Ltd.
- United India Insurance Co. Ltd.
These are just a few examples, and there are many other insurance companies in India that offer car insurance policies. It is important to compare the features and benefits of different policies and choose one that suits your requirements and budget.