What is Pay As You Drive Insurance? It is a newly-launched usage-based car insurance plan for private cars under the sandbox project of the IRDAI or the Insurance Regulatory and Development Authority of India. The project is currently available on a pilot basis for one year. It is offered under different names from different companies like Pay Per Km Insurance from ICICI Lombard, Pay As You Drive from HDFC Ergo and Bajaj Allianz etc. The pay as you go car insurance is considered more affordable as compared to regular car…
Read MoreDay: July 15, 2021
Third Party Insurance
All about Third Party Insurance In India, there are two types of motor insurance available from insurance company i.e. comprehensive insurance and third party insurance. Comprehensive insurance comprises of OD (Own Damage) Insurance and TP (Third Party Insurance. Third-party car insurance shields the car owner against any losses that might incur due to any bodily injury, the demise of a third-party or damage to the property of that person. In India, it is mandatory to have third-party car insurance. Anyone can easily buy third-party car insurance online right from the…
Read MoreVarious Add On Covers on Standard Insurance
There are various featured covers that one can add to their comprehensive car insurance policy. Under car insurance or motor insurance, an add on cover is referred to as an additional cover that can be purchased by a car owner to strengthen the coverage level of his/her car. These features can range from zero depreciation, personal baggage insurance, engine protector insurance and many others. They give you more flexibility and advantage as compared to your basic car policy. Additional car cover add on come with additional cost and are only…
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