Top Car Insurance Plans & Providers: Cars are a dream for everyone, we hope you liked our article about the Car Loans Providers, You bought the car on loan, what next? we think it would be one of your top priorities to protect its damage or anything, so this is an article for here we are going to tell you about one of the best car insurance providers that can minimize your loss during any damage time for your car.
Investing or Buying anything in Loans or insurance is never an essay job, there are many scammers moving around that can fraud you and in a result you are going to get nothing, so here we are going to tell you about the best and top Car Insurance Providers in India. We again saying you that information’s in these articles are collected from sources on the open internet, this is for information purpose only, when you decided to buy the Car Insurance please talk to the company official to get actual information and updated news, to prevent yourselves from frauds.
Need Of Insurance
Before we jump to the final list there is few information’s that you must know, the questions may be coming in the mind of a few that why we need a Car Insurance? Government of India, Motor Vehicles Act says that all cars that are publicly used and being used at public places must have the car insurance, so the crystal clear answer is that it’s not a choice but its a rule, you have taken the insurance cover of the car if you don’t wanna face in any legal troubles, there are many other benefits too like it can saves our car from high maintenance cost and repair cost if it gets damaged and ultimately it gives you mental peace, don’t worry we know you all know this, let’s directly jump the section of Best Car Insurance Providers.
Bajaj Allianz Car Insurance
From homes loans to Life Insurance we have written lots of article on these topics and one thing is common in every article, Bajaj Finance Group, the way we are parsing the Bajaj, many of you may consider as a paid promoter, but there is no truth in it, they are one the best Insurance providers in India For Sure.
Now coming to the stats Bajaj Allianz Car Insurance are third Party cover providers, they provide you the Grievances Resolved Ratio @ 99.28% and Incurred Claim Ratio @ 62.20%, they cover the Natural Reasons, Man-Made Reasons, Personal Accident Covers also, they provide some great flexible Plans.
Royal Sundaram Car Insurance
This may sound new to you if you are a first-time buyer, but it is not new for those who already have it, Royal Sundaram Car Insurance is third party cover and they provide cover up to 7.5 Lakhs, Their Incurred Claim Ratio rate is @84.99. They cover their own damage, personal accident cover, Third Party Liabilities, they also have the Engines Protector Coverage.
Universal Sompo Car Insurance
This one is another in the list which is not known to many of you, Universal Sompo Car Insurance is another third party cover, it gives you the cover-up to 7.5 Lakhs with the Incurred Claim Ratio@ 80.66% their Net Earned Premium for the year 2017-18 is Rs. 454.75 Cores. Their insurance covers your cars from own damage of vehicles like Fire, Explosion, Riots, Strikes, Earthquakes, and Other Natural Disasters, Like any other insurance policy vehicle used for various purpose like Speed Testing, Racing, and Motor trade business can’t claim the insurance.