Motor Insurance
In India, it is compulsory for every vehicle to have at least a third party liability insurance which ensures that any legal or financial responsibility for injury or property damage caused to a third party is compensated by the insurer. Apart from legal compliance, motor insurance acts as a financial safety net, covering the costs of own damage (OD) or loss to your vehicle from unforeseen accidents. There are lots of specialised policies and add-on cover options to tailor to your exact needs. By combining mandatory liability with this tailored benefits motor insurance provides a complete shield for your investment allowing you to drive with confidence and peace of mind.
FAQs
How can I receive the claim for the vehicle upon taking a Motor insurance policy?
For availing full claim for vehicle damages requires a combination of right policy type and specific add ons
-OPT A COMPREHENSIVE PACKAGE POLICY
-ESSENTIAL ADD ON COVERS FOR FULL REIMBURSEMENT:
NIL DEPRECIATION, CONSUMABLES COVER,ENGINE PROTETCTION, RETURN TO INVOICE,ROAD ASSISTANCE ,LOSS OF KEYS,LOSS OF PERSONAL BELONGINGS ,TYRE DAMAGE etc.
-UNDERSTANDING COMPANY SPECIFIC TERMS
-ESSENTIAL ADD ON COVERS FOR FULL REIMBURSEMENT:
NIL DEPRECIATION, CONSUMABLES COVER,ENGINE PROTETCTION, RETURN TO INVOICE,ROAD ASSISTANCE ,LOSS OF KEYS,LOSS OF PERSONAL BELONGINGS ,TYRE DAMAGE etc.
-UNDERSTANDING COMPANY SPECIFIC TERMS
When can a Motor insurance claim be rejected?
The insurance company can legally deny a claim if there is a breach of the policy’s core terms and conditions:
-ILLEGAL USE OF THE VECHILE OR STATUORY VILATIONS
-DRIVING UNDER INFLUENCE (alcohol or drugs)
-LACK OF ESSENTIAL DOCUMENTAION (valid driving license, fitness certificate)
-GENERAL EXCLUSIONS AND NEGLIGENCE.
-DRIVING UNDER INFLUENCE (alcohol or drugs)
-LACK OF ESSENTIAL DOCUMENTAION (valid driving license, fitness certificate)
-GENERAL EXCLUSIONS AND NEGLIGENCE.
What are the ways that allow me to get a premium reduction in a motor insurance policy?
To optimize your motor insurance premium, you should consider these mechanisms.
-THE NO CLAIM BONUS RULE(NCB%)-it’s a good driver discount, it’s the insurers way of rewarding you for not filing a claim during the previous year, you can carry forward the discount while availing the policy.
-STANDALONE COMPULSORY PERSONAL ACCIDENT (CPA)COVER- By law every vehicle owner must have a compulsory personal accident cover-if you own multiple vehicles example; two cars or a bike you need not pay for a cpa cover on every single policy.
-POLICY COMPARISON AND NEGOTATION WITH THE SERVICE PROVIDERS.
-STANDALONE COMPULSORY PERSONAL ACCIDENT (CPA)COVER- By law every vehicle owner must have a compulsory personal accident cover-if you own multiple vehicles example; two cars or a bike you need not pay for a cpa cover on every single policy.
-POLICY COMPARISON AND NEGOTATION WITH THE SERVICE PROVIDERS.
Get in touch with our support team to learn more.
At Aegis, we are committed to excellence and delivering the best to our clients. We have made sure that our clients received outstanding service ever since we opened our doors in 2019, and we continue to do so.