NCB CAR INSURANCE
Why might an insurance company deny your claim during the monsoon?Sandeep Saraf answers
A comprehensive policy does not guarantee that all flood-related damages will be covered. Multiple types of damages can occur during a flood, such as engine damage, electrical damage, interior damage due to water seepage, or gearbox damage. A normal comprehensive package covers these to some extent, but not 100%. We recommend a few add-ons for every customer purchasing a car insurance policy.
Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.
How to claim no claim bonus on new car insurance
If the car buyer has earned a no-claim bonus (NCB) on his previous car policy, this can be claimed on the insurance premium for the new car.
How to transfer no claim bonus of motor insurance policy to a new vehicle
When a policyholder purchases an insurance policy, he receives an NCB certificate, and it is now up to him whether or not he files any claims within the policy year.
Long-term Third-Party, Own Damage motor insurance cover proposed: Know proposed features, price, premium
In order to allow the policyholders a wider choice, IRDAI has proposed to permit all general Insurers to offer long-term motor insurance policies — a) 3-year in respect of private cars co-terminus with motor Third Party Liability cover, b)5-year in respect of two-wheelers co-terminus with motor Third Party Liability cover.
Wider choice: Irdai proposes 3 years insurance cover for cars & 5 years for two-wheelers
The draft proposes to permit all general insurers to offer 3-year insurance policy in respect of private cars and 5-year for two-wheelers, co-terminus with motor third party liability cover.
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5 things to know about no claim bonus (NCB) in car insurance
NCB is linked to the policyholder and not to the vehicle. It can be switched from one car to another.
Here’s how you can make your car monsoon-ready this season
Car Insurance is must this monsoon for you to avoid any financial damage due to unexpected circumstances
Know why add-on covers are beneficial to car owners
Add-on covers are designed to enhance overall motor insurance and give comprehensive coverage for damage or loss of car keys, tyres and rim, repair or replacement of consumable items and so on.
10 ways to reduce car insurance premium
You can bring down the premium of your comprehensive insurance not only by customising your cover, but also by being aware of several other factors. Here are some ways in which you can bring down your car insurance premium.
New vehicle owners will have to buy these insurance covers as long-term motor policy will go from Aug 1
Customers buying new vehicles will likely have to mandatorily buy a 3- or 5-year long-term 3rd-party motor insurance for cars and two-wheelers, respectively. They also have the option to buy a standalone annual OD policy separately from any insurer.
Can NCB discount be claimed when buying motor insurance policies issued under sandbox regulations?
Under the regulatory sandbox guidelines, many insurers have come up with new motor insurance policies based on the concept of how much you actually drive your car. These types of motor insurance policies can help you save on premiums significantly.
You can now buy a motor insurance policy using the Flipkart app
The Insurance industry of India has witnessed significant growth in the past few decades. With the introduction of new products and plans, it has not only helped consumers by providing financial protection but also contributed to the nation's economy
Renewal date of health, motor insurance policies further extended to May 15
If your current health, motor insurance policy is expiring between March 25, 2020 and May 3, 2020 and you are not able to renew your policy because of the country-wide lockdown, then you can renew such health, motor insurance policy by May 15, 2020.
How to use NCB of old car insurance to reduce new car policy premium
The No Claim Bonus (NCB) is given to the policy owner and not to the insured vehicle. Therefore, the NCB cannot be passed on to another name. However, you can use the retained NCB (certificate is issued) when buying a new policy for your new car.
No depreciation for cars up to 3 yrs, sum insured based on on-road price: IRDAI proposal
The Working Group made various recommendations, after which it has been decided to work on the product design and draw up the proposed policy wordings, including the terms and conditions in plain language, keeping the large motor segment in mind.
Six ways your motor insurance policy is set to change. Here's how it could affect you
The Insurance Regulatory and Development Authority of India has released draft rules to revisit the current own damage product structure of motor insurance policies. Here are six key changes that you need to be aware of.
Has your motor insurance cover lapsed? Here's all you need to know about renewing it
Understand the process before you dash off to renew a lapsed motor policy.
Lesser-known parameters that can push up insurance premiums or lead to cover denial
Understand the lesser-known parameters that can push up insurance premiums or lead to cover denial.
When not to file a car insurance claim
It should be remembered that the NCB discount is only given on the 'Own Damage' portion of the total premium and not on the 'Liability' portion.
Should vehicle drivers or owners pay for third-party compensation in accidents?
Insurers want vehicle owners or drivers to pay stiffer fines or buy additional third-party covers. Can making them pay a part of the compensation be a solution?
How to choose long-term car insurance policy
Post Supreme Court and Irdai orders, several long-term motor insurance policies have hit the market. Find out how to choose the best combination.
New third-party motor insurance rules: Who pays more and what happens to NCB
Following a Supreme Court order, the insurance regulator has asked all general insurance companies to offer long-term third-party motor covers.
How to use no claim bonus while buying insurance for new car
The existing car, which is eligible for NCB, must be sold either to the dealer or a third party for the NCB to be transferred to the new car.
Is it worthwhile to purchase add-on covers in car insurance?
Protecting a car with insurance coverage is mandated by the Motor Vehicles Act, 1988. The law states that all vehicles on Indian roads should be shielded wit...
Insurance Queries: Can you make a medical claim with two insurance companies?
If an insured person has coverage under two indemnity insurance policies, he has the right to choose under which policy he wants to make the claim.
Insurance queries: Can you transfer insurance in your name after buying a pre-owned vehicle?
You may get the benefits of the NCB even if you change your insurer on renewal. A proof of NCB earned on your previous policy copy needs to be produced.
Check your driving history before buying a car policy: Rakesh Jain, Reliance General Insurance
“If you haven’t made a claim in the past few years, a zero depreciation cover doesn’t make sense,” Rakesh Jain CEO, Reliance General Insurance.
How to spot a fake auto insurance policy
Although insurance frauds are generally committed by making inflated or false claims, but sometimes the policy purchased by you may also be fake.
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