The Indian insurance market is huge and offers a wide variety of car insurance plans at affordable prices.
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There are currently twenty-five regional unit insurance companies that offer reliable car insurance plans.
Top Five Car insurance corporations in India
Top Five Car insurance corporations in India
Car Insurance Company | Motor OD Claim | Settlement Ratio FY20
Car Insurance Company | Motor OD Claim | Settlement Ratio FY20
IFFCO Tokio General Insurance
IFFCO Tokio General Insurance
HDFC ERGO General Insurance
HDFC ERGO General Insurance
The Oriental Insurance Company
The Oriental Insurance Company
SBI General Insurance
SBI General Insurance
Bajaj Allianz General Insurance
Bajaj Allianz General Insurance
95.30%
95.30%
91.23%
91.23%
91.76%
91.76%
89.51%
89.51%
88.83%
88.83%
How To Choose The Best Car Insurance Company In India?
1. Network of Cashless Garages
1. Network of Cashless Garages
2. Claim Settlement Ratio
2. Claim Settlement Ratio
3. Availability of Add-ons
3. Availability of Add-ons
4. Customer Support Service
4. Customer Support Service
Types of Car Insurance Plans Offered By Different Insurance Companies
There are three types of auto insurance based on auto/vehicle/four-wheel insurance.
There are three types of auto insurance based on auto/vehicle/four-wheel insurance.
1. Third Party Car Insurance
This package provides you with coverage for all third party liabilities such as third party bodily injury death disability and property damage due to an unfortunate incident with your car.
This package provides you with coverage for all third party liabilities such as third party bodily injury death disability and property damage due to an unfortunate incident with your car.
2.Standalone Own-Damage Car Insurance
This plan only provides coverage for your loss in case of any accident caused by your vehicle such as road accidents natural calamities fire explosion theft riots etc. You must purchase a third-party car insurance plan to meet legal requirements. An independent car insurance plan gives you the flexibility to choose your own claim and third party coverage from a variety of insurance companies.
This plan only provides coverage for your loss in case of any accident caused by your vehicle such as road accidents natural calamities fire explosion theft riots etc. You must purchase a third-party car insurance plan to meet legal requirements. An independent car insurance plan gives you the flexibility to choose your own claim and third party coverage from a variety of insurance companies.
3. Comprehensive Car Insurance
This is a bundled cover that covers third party liability and damage to your vehicle in the event of an untoward incident. You can extend the coverage of this plan by opting for add-ons like Zero Depreciation Cover Engine Cover.
This is a bundled cover that covers third party liability and damage to your vehicle in the event of an untoward incident. You can extend the coverage of this plan by opting for add-ons like Zero Depreciation Cover Engine Cover.
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