Car Details

1️⃣ Is car insurance mandatory in India ?

Yes, third-party car insurance is legally mandatory under the Motor Vehicles Act in India. Driving without valid insurance can result in fines or legal penalties. Comprehensive insurance, while not mandatory, is highly recommended for complete protection.

2️⃣ How to renew car insurance ?

You can renew your car insurance online by entering your vehicle details and selecting a suitable plan. Simply compare quotes, choose the policy, make the payment, and receive the renewed policy instantly via email. It is advisable to renew before the expiry date to avoid policy lapse and inspection requirements.

3️⃣ How is car insurance premium calculated?

The premium depends on several factors such as:

• Car make and model

• Manufacturing year

• City of registration

• Engine capacity

• Type of policy (Third-party or Comprehensive)

• Add-on covers selected

• No Claim Bonus (NCB)

Higher-value cars and metro cities usually have slightly higher premiums.

4️⃣ Can I transfer car insurance to another person ?

Yes, car insurance can be transferred to the new owner when the vehicle ownership is transferred. The process involves submitting required documents to the insurer. It is important to transfer the policy within 14 days of vehicle ownership change.

5️⃣ What is NCB (No Claim Bonus)?

NCB is a discount offered by insurance companies if you do not make any claim during the policy year. The discount increases with every claim-free year and can significantly reduce your premium at the time of renewal.

6️⃣ How to claim car insurance?

To file a claim:

1. Inform your insurer immediately after the incident.

2. Provide policy and vehicle details.

3. Submit required documents (FIR if needed).

4. Get vehicle inspection done.

5. Repair at a network garage (for cashless claim) or submit bills for reimbursement.