Car Insurance – Things to Know

You care for your dear car. We care for you and your car. With car insurance, get a perfect blend of affordable premium and wholesome coverage.

 
 

Cover financial losses

 

2500+ Cashless garages

 

Discounts on Premiums

 

24/7 Claim Assistance

Types of Car Insurance Plans

Given the unpredictable nature of life,  Vehicle insurance is a necessity. For the annual premium that you pay us, we pay for your car’s repair expenses in case of a valid claim. You can  buy car insurance online from two types of plans.

Third-Party Liability Coverage

This compensates only third-party injuries and their property damages. It’s the Vehicle type of insurance that people opt for just because it’s mandatory. (However, we wouldn’t recommend it because it doesn’t protect you or your car, which is dearer to you).

IRDA (Insurance Regulatory & Development Authority of India) revises the rates for this each year. As on 1st April, 2017, the revised third-party rates are as mentioned in the table. Engine Capacity Premium Rate Less than 1,000cc Rs. 2,055 Above 1,000cc but less than 1,500cc Rs. 3,132 More than 1,500cc Rs. 8,630 Note: Third-party property damage is compensated up to Rs. 7.5 lakh. In case of injuries/death, it will be taken into the court tribunal.

Engine Capacity Premium Rate
Less than 1,000cc Rs. 2,055
Above 1,000cc but less than 1,500cc Rs. 3,132
More than 1,500cc Rs. 8,630

Note: Third-party property damage is compensated up to Rs. 7.5 lakh. In case of injuries/death, it will be taken into the court tribunal.

Comprehensive Car Insurance

This one covers losses/damages to you and your car as well as protects you against third-party liabilities. It’s the type of insurance that people opt for if they want financial protection from losses caused due to accidents, theft and natural disasters. For all-round financial protection, the comprehensive plan is any day recommended by the experts. It consists of both third-party premium and own-damage (OD) premium. The OD premium would vary depending on the car’s make-model, age of the car, engine capacity, and geographical zones.

Note: Both the third-party liability and comprehensive plans also comprise of the personal accident cover for owner-driver. In this, for a premium of Rs.100, you receive a sum assured of Rs. 2 lakh in case of:

Type of Injury Compensation Level
Death 100%
Loss of two limbs or sight of two eyes or one limb and sight of one eye. 100%
Loss of one limb or sight of one eye 50%
Permanent total disablement from injuries other than named above. 100%

Love at First Try with Bharti AXA Car Insurance

It’s all about finding a compatible partner to assist your car in every journey. And we’ve raised the bar in being your  Vehicle’s ideal insurance companion. Here’s how.

 

3.5 Million Policies issued

 

2500+ Cashless garages in India

 

24/7 Claim Assistance

 

79 Branches across India

Add-On Covers in Car Insurance

That’s right! You can modify your car insurance policy as per your requirements.

Hydrostatic lock cover

Your engine can get damaged during heavy rains or floods. This add-on provides coverage against repair or replacement of engine parts due to water. This would be applicable only if your vehicle is less than 5 years old.

No Claim Bonus (NCB) Protector

With a single claim, your accumulated No-Claim Bonus drops down to 0%. However, with the NCB Protector, even after making two claims in the policy period, you can still retain your No Claim Bonus discount.

Zero Depreciation cover

In your regular policy, during claim, you have to bear depreciation on repair/replacement expenses of plastic, fibre, rubber and glass parts. However, with this add-on, you profit by not having to pay depreciation on expenses of repaired/replaced parts.

Roadside Assistance

You won’t be stranded if your car ever breaks down in the middle of the road. Really. Because this add-on comes handy in case of a road emergency. Be it changing flat tyres, road repairs, emergency fuel refilling, towing facility, we provide round-the-clock services.

Invoice Price Cover

You generally get the depreciated value of your car at the time of claim. But with this add-on, if you make a claim, you get the invoice value of the car along with registration fees, road tax, and insurance.

Co-Passenger Cover

The standard policy has Rs. 2 lakh as personal accident cover for the owner-driver. With this, fellow passengers are provided coverage of Rs. 1 lakh in case of death, permanent or total disability.

Key replacement

Coverage is provided for cost incurred to replace the vehicle key and the lock if it’s stolen or lost. This is valid for up to 2 claims in a policy period.

Medical expenses

In this, if you and the passengers are injured in case of an accident, then medical expenses up to Rs. 10,000 for treatment.

Hospital cash

For each day spent at the hospital, you get a lump sum amount of Rs. 1000 per day when hospitalized for up to 30 days.

Consumables cover

Coverage is provided for expenses on consumables such as oil, nuts, bolts that are considered unfit for further use.

Ambulance charges

This add on covers charges towards transportation of the insured person in an ambulance to the hospital. 

Engine and gearbox cover

The add-on provides you financial protection if your car breaks down due to damage to the internal parts of the engine and gearbox.

What Car Insurance Includes and Excludes?

It’s always good to know what’s covered and what’s not covered under your car insurance policy. After all, you shouldn’t be facing any hassles at the time of claim, right?

Inclusions Exclusions

Road Accidents:

Because you may be an incredible driver but not everyone else is. At times, people don’t follow traffic rules. This has increased the number of road accidents in India.  

Natural Disasters:

There are some circumstances in life that are beyond your control. For: e.g. floods, earthquakes, cyclones, etc.

Manmade Disasters:

Fire, terrorism, riot, strike, etc. Also, the thieves won’t rest till they get their hands on your car. But don’t worry. Theft too is covered.

Personal Accident Cover for owner-driver:

As the owner-driver of your vehicle, if you’re injured in a car accident, the insurer compensates you.

Third-Party liability:

If an accident occurs due to your fault, this compensates for damages to properties or bodily injuries caused to third-party.

Drink and Drive:

Damages caused to the car if you or anyone else was caught driving under the influence of alcohol at the time of accident.

Staged Accidents:

Deliberate accidental loss is not covered. If it is proven that the accident was entirely staged, the claim would be rejected.

Illegal Activity:

Don’t expect any coverage for accidental damages if you drive on the wrong side of the road or without a valid license, or if the car’s driven by an underage person.

Commercial Activity:

Driving your private vehicle for commercial purpose and vice versa doesn’t make any sense. Your claim is bound to be rejected.

Other reasons:

An expired policy, consequential damages, electrical and mechanical failure, regular wear and tear, and driving outside geographical limits are other reasons for claim rejection.

Saving-Up on Car Insurance Premiums

Who doesn’t love discounts? A few things can actually help you lower your premiums.

 
  • No-Claim Bonus (NCB)

This is a reward for your fabulous driving skills. For every claim-free year, you can accumulate up to 50% NCB discount on premium. This is valid up to 5 years.

  • AAI Membership

You can secure a concession of own-damage premium by being a member of the Automobile Association of India (AAI). This organization is registered with IRDA.

  • Installation of Security Devices

If you install anti-theft devices that are approved by the Automotive Research Association of India (ARAI), you can get up to 2.5% discount on your own-damage premium.

  • Choosing the correct IDV

Insured Declared Value (IDV) is the current market value of your vehicle. It is the maximum sum assured amount that is compensated to you at the time of claim. Make sure you choose an appropriate IDV as that impacts your premium amount.

What Do Our Customers Say?

Every single day, we find joy in serving millions of happy customers. And their response has been overwhelming. See what they say about us.

Shop Online - The Easy way

We’ve made our online car insurance shopping process smoother than cheesecake. And you’re going to love it. Don’t believe us? Check out the steps.

Step

01

Choose to renew or buy car insurance.

Step

02

Enter vehicle details and personal details.

Step

03

Select add-ons and discounts to get final premium.

Step

04

Add complete details and check the summary. Make payment.

Step

05

Policy is sent in PDF to your mailbox.

Note: Before issuance of policy, vehicle inspection may or may not be conducted depending on the credibility of your vehicle and your driving records.

Buy Car Insurance by Manufacturer

Want to buy motor insurance for your car? Bharti AXA provides insurance for a wide range of cars across numerous manufacturers. Select the desired manufacturer and get all their details as well as details of the respective car model that you’re looking for. Learn everything about your manufacturer and how Bharti AXA car insurance is ideal for protecting your vehicle.

Policy Renewal Reminder

You have so many things to remember. Birthdays, anniversaries, collecting clothes from the laundry, paying electricity bills, etc. In the midst of all this, it’s hard to remember the car insurance policy renewal date. We at Bharti AXA understand this, and that’s why we have created a unique facility called policy renewal reminder for you.

All you need to do is fill in your details. We’ll remind you when your policy renewal date is near. Sounds cool?

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Frequently Asked Questions (FAQs)

  • Car Insurance after GST

Goods and Services Tax, popularly known as GST, is a reform for our economy’s indirect tax plan. Car insurance premium includes 15 percent as the service tax. It will be increased to 18 percent after GST 

  • Is it possible to opt for an add-on without a policy?

No, it is not possible to opt for an add-on without a policy. Our add-ons are available only in addition to our motor insurance policy.

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