Comprehensive Insurance

COMPREHENSIVE INSURANCE

Driving gives a feeling of liberation. At the same time, it is a big responsibility as you are in control of the vehicle that may cause harm or damage to others or their property. Besides, it is prudent to be aware of the other vehicles around them. Moreover, it is important to drive safely and responsibly.

In India, third-party insurance is a legal mandate. Adversity doesn’t come with prior notice. If you are a vehicle owner ensure to opt for a suitable comprehensive insurance policy. Let us delve into understanding comprehensive motor vehicle insurance.

WHAT IS COMPREHENSIVE INSURANCE?

In case of an accident having the insurance policy provides financial assistance to the insured in case of accidental damage to the vehicle. A cover will also be provided to the third party for any property damage or any bodily injury.

Having comprehensive motor insurance in place gives the assurance of security for not only the own vehicle damage but the liability of a third party involved in a mishap. The insurer can easily settle the claim in the case of demise as compensation. In case of death because of an accident, the nominee is going to be indemnified by Motor Accidents Case Tribunal (MACT).

WHAT IS COVERED IN COMPREHENSIVE INSURANCE?

In India, third-party insurance is a mandate but having full comprehensive insurance is not. It depends upon the vehicle owner to opt for a plan as per the requirement. Ideally, it is recommended to choose suitable insurance coverage and safeguard yourself financially.

While driving on roads, there are chances that the vehicle may meet with an accident. At times, the extent of damage could be massive. The repairing costs for the incurred damages sometimes might not be that pocket friendly and may take a toll on the finances. Henceforth, going ahead with comprehensive motor insurance should not be neglected

Here's a rundown of the comprehensive coverage:

• Third-party Cover

  It is important to note that comprehensive vehicle insurance also covers third-party liability as well. Having a third party cover offers protection against the damages incurred to the third party or their property

• Damage Due to Natural Disaster

  In case any damage or loss is incurred due to natural calamity a cover for the same is provided. The calamities generally include storms, floods, etc. The cover may vary from insurer to insurer

• Personal Accident Cover

  In case of a permanent disability or demise of the person the vehicle owner or the driver provides compensation to the third party

• Add-on Covers

  One may also enhance the security of the existing motor insurance policy by simply including add-ons to the base policy. You may think of including add-on benefits like a consumables cover , zero depreciation cover, etc.

Regardless of the vehicle you own, it is better to choose a comprehensive motor insurance policy. Being adequately covered lets you remain in peace and not worry about financial obligations.

*This is not an exhaustive list. Please refer to the motor insurance policy wording carefully. Standard T&C apply

WHAT ARE THE BENEFITS OF BUYING A COMPREHENSIVE MOTOR INSURANCE POLICY?

To keep any financial liabilities away, it is recommended to opt for comprehensive coverage in insurance. Take a look below to understand the advantages of the same:

• Own Damage Cover

  Having the comprehensive cover implies that the vehicle remains covered throughout for its own damage that may arise due to an untoward incident. For instance, if in a situation, where you happen to bang the car with a tree, the vehicle will need repair for the damage incurred. Having a comprehensive cover will never leave you financially stranded at any point in time.

• Convenience

  You can easily avail of comprehensive coverage in insurance online. Buying motor insurance from Bajaj Allianz GIC is simple and quick. Choose a plan that fulfills your requirements. Once the purchase is done, the policy-related documents will be shared with you via mail.

• Network Garages

  The network garages are the service stations wherein you can avail of the service and no money needs to be paid for the vehicle. The repair costs will be settled by the insurance company directly. We have a strong network garage of 6500+ PAN India.

• Claim Settlement

  We have the best claim settlement ratio in the industry which is 98%*. At the same time, we also offer 24x7 roadside assistance. You may also benefit from our Motor On-the-Spot service which simplifies the process of filing and settling car insurance claims. Any two-wheeler insurance claims under Rs 20,000 and for cars up to Rs 30,000 gets settled within 20 mins* via our Caringly Yours mobile app.

WHAT IS NOT COVERED BY COMPREHENSIVE INSURANCE?

Now, let us also know what remains excluded under comprehensive coverage:

• Wear and Tear

  In case the damage is incurred to the vehicle because of normal wear and tear or due to aging leading to consequential loss remains uncovered.

• Alcohol Influence

  If a mishap has incurred and it is found that the driver was under the influence of alcohol or any other substance no claim will be provided. Driving is a social responsibility and safe driving is imperative.

• Illegal Driving

  If you are found driving without a valid driving license in India, comprehensive vehicle insurance will get nullified.

• War Like Situations

  If damage or loss is incurred to the vehicle insured due to war-like situations like nuclear attacks, mutiny, and so forth that is uncontrollable.

*This is not an exhaustive list. Please refer to the motor insurance policy wording carefully. Standard T&C apply

What is the Difference Between Comprehensive and Third Party Policies?

The table below shows the difference between comprehensive coverage and third-party policy:

*This may vary from insurer to insurer. Standard T&C apply