Car Insurance

Car Insurance
What Is Car Insurance?

Car Insurance is a vehicle insurance policy to protect yourself from financial losses arising from unforeseen risks such as accidents, thefts or third party liabilities. It is also known as auto or motor insurance. There are two types of motor car insurance in India, third party insurance which protects you from the claim arising out of the accidents involving third parties, and other is comprehensive cover which provides third party cover as well as Own Damage (OD) cover. Own Damage cover protects you from financial losses against accidental damages to your vehicle.
As per the Motor Vehicles Act, 1988, motor third party insurance is mandatory in India. You can avail four wheeler insurance to obtain cover for you (insured party), your car (insured vehicle) and third parties (other vehicles and their property). You can renew or buy car insurance for both new as well as pre-owned cars. The validity of a car insurance policy for old cars is for a period of one year, whereas for a new car the owner has to mandatory buy 3 years compulsory Third Party with an option of 1 year Own Damage or a 3 years Own Damage.
Planning To Buy Car Insurance Online? This Is What You Need To Know
You spend a good part of your savings to get a new car. You make sure that you follow all the traffic rules, and drive safe, but accidents can still happen. Repairs cost can burn up a hole in your pocket. But, that is not the only thing that may happen what would happen if your car gets stolen? Can you afford another car to replace the loss? Or if the car is on EMI can you pay up the financing Bank?
The best way to prepare yourself from such losses/ damages is through having a car insurance policy that provides cover to you, your car and the third party.

Types Of Car Insurance Plans That We Offer?
We offer three types of car insurance plans:

Comprehensive Car Insurance

Our Comprehensive car insurance policy provides protection against damages to your car (Own damage cover) and third party liability. Our Comprehensive Car insurance cover will not only take care of costs arising from loss or damage to your car due to accident or theft of vehicle but also damages due to malicious act, burglary, housebreaking, flood, earthquake, fire, explosion etc. Our online car insurance policy cover offers all above coverages under one umbrella and is ideally recommended for all cars.
Both the third-party liability and comprehensive cover plans also include the compulsory personal accident cover for owner-driver with a premium of a particular amount per year, for which the owner-driver is liable to receive a sum assured amount of Rs15 lakhs in case of:

TYPE OF INJURY
COMPENSATION LEVEL

Death
100%
Loss of two limbs or sight of two eyes or one limb or sight of one eye
100%
Loss of one limb or sight of one eye
50%
Permanent total disablement from injuries other than named above.
100%

Third Party Liability Coverage

Third party car insurance is the minimum and compulsory four-wheeler insurance cover that you need to take as per the motor insurance law in India. This type of car insurance policy provides coverage with respect to property damages, injuries, disability or death of third parties such as pedestrians as well as drivers and occupants of other vehicles. However, this type of insurance protects the interest of only third parties, not yours.
Third-Party Liability Plan:

Inclusions
Compensation for bodily injury to third parties due to an accident caused by your car.
Compensation for property damage to others due to an accident caused by your car. This property could be a car or any other property of third parties.
Compensation to nominee in case of death of third parties due to an accident caused by your car.

Exclusions
Compensation for your injury or property damages.
Note: IRDAI (Insurance Regulatory and Development Authority of India) decides and revises the rates for third-party coverage every year.

Stand Alone Damage
This type of Car insurance cover would protect you from losses suffered due to damages caused to your vehicle by an accident, manmade damages, theft or natural calamities. You can opt for Standalone own damage cover policy if your car is already insured with a long-term third-party policy.
This cover protects you from financial implications arising from damages or losses caused to your car. These damage/losses could result from:
Road accidents
Theft
Natural disasters like earthquake, cyclones, floods, etc.
Remember that this cover does not provide coverage against third-party liabilities. As third-party liability insurance is compulsory, standalone own damage insurance can be bought only if you already have a long-term third-party insurance.
This type of insurance does not cover you against:
Depreciation
Electrical and mechanical breakdown
Any damages arising when the driver is under the influence of alcohol/ drugs, is underage, or does not have a legal driving license
Like with comprehensive insurance, you can also get add-ons with standalone own damage insurance to customize the cover as per your particular requirements. All the add-ons available with comprehensive cover are available with standalone cover as well.
Policy Coverage Under Car Insurance
What Is Covered Under Car Insurance
Accidents
Any losses or damages that you may suffer due to an accident caused while driving are covered under car insurance policy
Theft and Burglary
Car got stolen? Don't worry, your Bharti AXA Car Insurance policy will cover you against this loss.

Third party liability
Compensates for injury or damages to a person or property caused by you to another person in a car accident is covered under car insurance policy.
Natural disasters
Natural calamities like earthquakes, cyclones, floods etc. can literally destroy your car. Damages due to such disaster are covered under Bharti AXA car insurance.
Man-made disaster
Any loss occurred due to accidental fire, riots, strikes, etc., is covered under your car insurance policy.
Third-party Losses
If a third-party is involved during the accident, you might have to cover their losses. Third-party liability cover protects you from any financial losses in such a scenario.
Compulsory Personal Accident Cover - CPA (Owner Driver)
Car accidents leading to permanent disablement or an unfortunate death of the owner driver is covered in case the insured has opted for it.

What Is Not Covered Under Car Insurance
Drink and drive
If you damage the car while you drink and drive, it will not be covered under the car insurance policy. It would be wise to not drink and drive.
Driving without valid license
Damage to the car while driving without a valid license is not covered under car insurance
Commercial activity
Using your private vehicle for commercial activities will not be covered under car insurance policy.

Other reasons
The reasons which are not mentioned above like consequential damages, mechanical breakdown, contributory negligence, staged accidents, and driving outside geographical limits etc. will not be covered.
Drive Your Car With Our Wider Range Of Car Insurance Add-on Covers

Depreciation Cover
This is the most important add on cover in car insurance. Depreciation refers to the loss of value of asset over time due to factor such as age, wear and tear. A depreciation cover will protect certain parts of your car such as glass, plastic, or rubber. Each part has its own depreciation rates. You can avail depreciation cover for your brand new vehicle or at the time of renewal of your car insurance.

Roadside Assistance
Just in case you get stuck in the middle of the road due to a car breakdown, help is just a call away. Roadside assistance cover includes towing service, repairs, changing flat tyres and emergency refueling etc.

Consumable Cover
At the time of claim, consumable items like nuts and bolts, oil filter etc., are not covered. By having a consumable cover with comprehensive car insurance policy you can save on the expenses towards such consumables due to damage done to vehicle at the time of accident

What Are The Key Benefits Of Car Insurance?

5200+ Cashless Garages

Car repairs can get financially stressful with hefty bills to pay. Moreover, it's also emotionally taxing. We agree. Just seek any of our cashless network garages that is nearest to you. We'll directly settle the bills with the garages. Life's simpler, isn't it?

24/7 claim assistance

With Car insurance policy offered by Bharti AXA, you can be assured of assistance anytime of the day. You can contact us using the toll-free numbers: - For claims & your queries for renewal.