Car Insurance In India And Policy Types - PowerPoint PPT Presentation

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Car Insurance In India And Policy Types

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  1. Car Insurance

  2. Car Insurance In India And Policy Types

  3. While opting for car insurance in India, people might come across a problem of deciding among the best options. • With a constant elevation in the Indian automotive industry, there have been a considerable number of schemes and policies launched by the concerned insurance unions. • A car insurance policy covers the expenses of the damages or the theft in accordance with the type of scheme opted by an individual.

  4. Car insurance in India and policy types • Liability Only Policy or Third-party Insurance: This type of car insurance policy covers the damages occurred to a third-party in any adverse condition. • It is mandatory as per the Indian law for every vehicle to have a third-party insurance policy so as to at least cover the expenses of injuries caused by one's car to another person or vehicle. • In this policy, the premium is calculated on the basis of the engine capacity of the car an individual drives. • Since there are only third-party damage cover in the policy, therefore, its premium amounts to much less as against the full coverage policy.

  5. In case a person opts for new models, he/she would like to opt for car finance as well as insurance instantly so as to prevent the excess money being shed from their pocket. • New cars these days are available with lucrative insurance scheme but people are always in a bid to reduce their premium. • In case people buying new cars decide to get them financed, then they should first analyze their expenses to know if they are able to pay extra premium or a minimum amount for the insurance. • Source: http://www.cartrade.com/blog/2014/car-finance/car-insurance-in-india-and-policy-types-644.html

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  7. Click to know more on Car Insurance: https://www.bajajallianz.com/Corp/motor-insurance/car-insurance.jsp Thank You….