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• Third party liability
• Reimbursement for car-related damages and repairs due to accidents
• Hospitalisation coverage in case of a car accident
• Compensation in case of demise of the insured due to an accident

*Note: This is just a general summary of car insurance in India. Please refer to your policy document for details.

The coverages offered in different car insurance plans are as follows:

The additional coverage gives an insured automobile more coverage, thus it comes at a small cost. A car owner has to be paid additional premium payment in accordance with his/her auto insurance policy. As a result, auto prices for the purchase of additional insurance cover increase

Read more to know Ways to renew car insurance

• Zero Depreciation: Every year, your car’s value depreciates (drops in price). Simply put, it means the value of your car decreases over time, much like any other assets. So, if you purchase a zero-depreciation cover, you will be covered the entire reimbursement cost in case your car gets into an accident. Let us explain with an example to make it simpler. If the total value of your claim amount is INR 10,000 and the car’s depreciation value is INR 4,000. If you make the claim without a depreciation cover, your insurer will pay INR 6,000 and you will have to pay the remaining INR 4,000 out of your pocket. However, if you have the cover, you will have to pay nothing out of your pocket. New Subheading - Every year, your car’s value drops in price (depreciates) much like any other asset. In case your car gets into an accident, you will be covered for the entire repair cost if you have a Zero Depreciation cover. For example,
  • Total repair cost - 10000
  • Car depreciation value 4000
  • Without zero dep, you pay 6000 (Assuming that 40% is paid by the insurer)
  • With zero dep, you pay 0

• Engine Protection Cover: An add-on benefit to your auto insurance, you can purchase engine protection cover to protect your car’s engine against any kind of damage. If you would like yourself to be covered against any kind of financial risk or if you live in a flood prone area, you must purchase this add-on. This is because the first thing impacted in case of a flood is the car engine. Other than rusting and molding that can happen on the engine, the flood water might jam your engine rendering it completely useless.

• Consumables Cover: All things your car consumes other than the fuel is covered in the consumables cover. The components included in this insurance add-on includes grease, engine oil, gearbox oil, washers, oil filters, nuts & bolts, power steering oil, A/C gas oil, coolant and other such items. Usually, the total amount of consumables in your car range from up to INR 10,000 to INR 40,000 depending upon the kind of vehicle you own. If you purchase this cover, you wouldn’t have to worry about this cost.
  
  
• Roadside Assistance Cover: In case your vehicle breaks down in the middle of the journey, you will have a professional technician to the rescue to bring you and your car back home, safe and sound. However, if you have purchased a new car recently, you might have roadside assistance coverage. Check your policy in detail before making a purchase.

• No Claim Bonus (NCB): This is a discount given to the insured if they don’t make a claim request during a policy year. For example: If you purchased your policy in May 2020 till May 2021 and don’t make any claim throughout the year, you will be offered a discount while renewing your policy for the upcoming year.

You can either make a claim for cashless insurance or get a reimbursement for payments made due to damage/loss incurred by you due to a car accident.

In either case:

• Call your insurance provider on the helpline number
• Register for your claim
• Provide the necessary documents/proof of accident or damage
• Wait for your insurance company to confirm the claim