For any Car Owner, of the many things that are of utmost importance, Car Insurance Policy tops the list. When it comes to Car Insurance policies or, for that matter, any insurance, there are many service providers for the same. They are both private players as well as public companies. Speaking of Private Car Insurance Policy providers, Bharti AXA has been a renowned company in India for a long time, and it is also amongst the most preferred Insurance Companies. If you are considering a Car Insurance Policy for your car, you can consider their products.
The following are the different types of Car Insurance Policies they offer:
- Comprehensive Car Insurance Policy-
Comprehensive policies are not just for your car but also include damages caused due to natural disasters and numerous other factors. Comprehensive covers you against expenses that could be incurred in case of an accident, regardless of its third-party liability or something else altogether! Both types offer comprehensive protection with a premium amount per year. The third-party liability and comprehensive cover plan also include the compulsory personal accident plan for owner-drivers with a premium of a particular amount per year, which they must pay; if they are involved in an insurance collision or any other unfortunate event that leads to injury/mortality. It is up to these drivers' coverage levels (in case of death occurs there will be no claim payment). Personal Accident: During travel, a person's vehicle provided at least Rs15 lakhs as compensation on-demand based on certain conditions.
- Third-Party Insurance Coverage Policy-
Third-party car insurance is a type of liability coverage that covers the expenses incurred if you're involved in an accident and cause death, disability, or substantial property damage. Every year, Rates for this policy change is based on Insurance Regulatory & Development Authority (IRDAI) guidelines. The Premiums payable under this car insurance policy depend on the Car engine capacity. In the event of an accident, third-party property damage is compensated up to 7.5 lakh rupees. At the same time, a court tribunal will decide injuries or death according to your needs. The premium for vehicle insurance that covers this need must be paid in advance before three years have passed since the purchase date. A new law takes effect from 1st April 2019 covering liability protection, among other things, such as making it mandatory for all drivers who buy two-wheelers also get additional cover against accidents caused due to sudden braking on part bikes, etc.
Stand-Alone Insurance-Stand-alone insurance can help you when accidents or disasters strike, but it's not as comprehensive. Combining this type of plan with others will give your car optimal protection if anything bad happens!
- Conclusion-
To conclude, we can say that the three types of car insurance policies provided by Bharti AXA have been mentioned above. Depending on your specific car insurance needs, you can opt accordingly amongst the three. But the good thing about Bharti AXA policies is that in case of claims needed, the same gets settled quickly and without any hassles. So we can assure you that, with them, you have the very best in your hands.