5 Benefits of Car Insurance | Benefits of Car insurance :

5 Benefits of Car Insurance | Benefits of Car insurance

Car insurance is an agreement between the insurance company and the car owner in which, the car owner will pay the premium and the insurance company will cover the loss or damage caused to the car. Car insurance is mandatory in India, whether it is a commercial vehicle or a private vehicle.

car insurance benefits
car insurance benefits

Friends, in this article today I am going to tell you about car insurance, in which I will tell you what are the benefits of car insurance, what are the rules of car insurance, why it is necessary to get insurance, how to do car insurance, what is first party insurance I am going to tell about all these things in this article today, National Insurance Limited, what is third party insurance, how do we do car insurance through online means, so read this article completely, so that you can know about car insurance. Can understand well.

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Car insurance protects you from financial problems like car theft, accidents, fire, etc., along with many types of damage to your car. Also we all know that if you drive without car insurance in India, then its You may also have to pay a fine for this Car insurance is useful and beneficial for us which definitely helps financially in times of need.

Most of the insurance companies in India have tie-up with car manufacturers and provide instant insurance to car owners. In such a situation, if you also want to know more about your car insurance, then in today’s article, you will get to know complete information about car insurance policy or car insurance plan from beginning to end. . Let us go into detail about car insurance.

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What we will cover in today’s blog post?

  • Benefits of Car Insurance
  • vehicle insurance rules
  • Why is auto insurance important
  • how to get vehicle insurance
  • What is First Party Insurance
  • What is third party insurance
  • third party insurance price
  • third party car insurance online
  • online auto insurance
  • National Car Insurance
  • and many more..

Benefits of Car Insurance

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  1. Car insurance is available in almost all the states in India for very little money and protects us from financial loss in case of huge financial loss.
  2. Provides financial benefits to the survivor after death in an accident.
  3. It covers lawsuits including legal fees levied against you as a result of an accident.
  4. It covers accidental damages as well as damages caused by theft or fire.
  5. Covers repair bills due to damage caused by a car accident.

Vehicle insurance rules

Friends, before buying a bike or car, you should read the rules of the vehicle very well, otherwise, in case of an accident or damage in some way, the financial assistance provided by insurance may be hindered.

The Insurance Regulatory and Development Authority has implemented new rules regarding insurance. According to the new rules, while buying a car or two wheeler, it is mandatory to take long-term third party insurance for 3 or 5 years. Due to the implementation of this rule, the car or two wheeler The buying owner will now have to pay more

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Many times it happens that the agent sells the policy by giving wrong information to the customer, if someone sells the policy to you by giving wrong information or taking extra money, then you can complain to the Insurance Regulatory and Development Authority.

Why is auto insurance important ?

car insurance benefits

In today’s time, it is very important to get vehicle insurance, in this changing time, the circulation of vehicles has increased a lot, excessive vehicles are running on the road and in such a situation, the possibility of accident has increased, considering all these facts, in today’s time Getting insurance has become very important.

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If you are insured, then in case of an accident, the insurance company compensates you for your financial loss in the accident. On insurance, the insurance holder is compensated by the insurance company for the accident damage, vehicle theft, fire damage, etc. Financial assistance is available as well as the insurance holder avoids the legal action of the accident.

How to get vehicle insurance

Vehicle insurance has become very easy in today’s online era, you can do insurance from anywhere through online medium like policy bazaar, phone pe, paytm, LIC or online banking app. With Auto Insurance you can easily insure your vehicle and be financially secure.

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What is First Party Insurance ?

When you get a car insured, then the owner of the car is called the first party. After getting the first party insurance done, the damage done to the person who gets the first party insurance done or to his car is compensated under the first party insurance like this K insurance is called first party insurance.

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What is third party insurance ?

Third party insurance is for the third party. Saying third party means that the person or object who has been injured by the vehicle or whose accident has happened, is called the third party, if the third party insurance of a vehicle has been done. In the event of an accident by that vehicle, the insurance company gives a claim to the person or thing that has caused the accident. Third party insurance has been made mandatory by the High Court to compensate for the economic loss of the person who is hit by the vehicle.

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third party insurance price

Third party insurance price varies from vehicle to vehicle Third party insurance premium varies for two wheelers, private vehicles, electric two wheelers and goods carriage four wheelers It is different for vehicles, it also depends on private or commercial. To know the price of third party insurance, you can click on the link given below.

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third party car insurance online

Third party insurance is for the third party. Saying third party means that the person or object who has been injured by the vehicle or whose accident has happened, is called the third party, if the third party insurance of a vehicle has been done. In the event of an accident by that vehicle, the insurance company gives a claim to the person or thing that has caused the accident. Third party insurance has been made mandatory by the High Court to compensate for the economic loss of the person who is hit by the vehicle.

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You can easily do third party insurance through online medium, in today’s era of internet, almost many facilities have gone online, it has become very easy to do insurance through online medium, there are many such online platforms from where you can do it online. You can do third party insurance, I have further provided a link to Bajaj Allianz to do third party insurance through online, if you want you can do third party insurance through Bajaj Allianz

Online auto insurance

car insurance benefits

As I mentioned in the above article that you can easily buy vehicle insurance through online medium, in today’s time of internet, it has become very easy to buy insurance through online medium from many such platforms from where you can You can buy vehicle insurance through online mediums like policybazaar, phonepe, paytm, LIC or online banking apps. You can easily get vehicle insurance, and be financially secure. .

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National Car Insurance

Friends National Insurance Company Limited (NICL) is India’s oldest company as well as second largest insurance company. ”

National Insurance Limited (NICL) came into existence in 1906 After the General Insurance Business Nationalization Act was passed in 1972 11 Indian insurance companies and 21 international companies merged to make National Insurance Company Limited (NICL) among the top general insurance companies in India .

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The head office of National Insurance Company Limited (NICL) is located in Kolkata and operates in around 2000 offices across the country in metros towns and rural areas. It has more than 200 policies through which it caters to its 14 million policy holders. “car insurance in hindi”

How to buy car insurance online? HOW TO BUY CAR INSURANCE ONLINE?

Buying car insurance online is easier than buying car insurance by doing the paperwork. It doesn’t require any paperwork and you can even take it sitting at home. Follow the steps given below to buy car insurance online.

  1. First of all, you have to choose a good insurance company with a plan according to your needs.
  2. Signup by visiting the official website of the insurance company.
  3. Select the plan of your choice by going to the car insurance menu.
  4. Feel the car details like car model, its make etc.
  5. Finally pay the policy premium online.
  6. The car insurance document will be delivered to your inbox instantly.

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What are the types of car insurance?

Friends car insurance is mainly of 3 types.

  1. Comprehensive Car Insurance
  2. Third Party Car Insurance(Third Party Car Insurance)
  3. Own Damage Car Insurance

Comprehensive Car Insurance: WHAT IS COMPREHENSIVE CAR INSURANCE?
Comprehensive insurance plan is a very comprehensive plan and this plan provides cover for third party damages or death of third party person but the insurer also provides coverage for damages caused to the car. Along with road accident, this insurance plan also provides coverage in case of natural disaster, man-made disaster, fire, theft, explosion, self-burn etc.

Third Party Car Insurance: WHAT IS THIRD PARTY CAR INSURANCE?
Third party car insurance in India is a mandatory insurance plan that all vehicle owners must take. This is a basic insurance plan. This plan provides coverage for damages caused by third party bodily injury, permanent or temporary disability, and death in an accident caused by the insured car. The plan also provides cover for third party property damage up to Rs 7.5 lakh.

Own Damage Car Insurance: WHAT IS OWN DAMAGE CAR INSURANCE?
In September 2019, Insurance Regulatory and Development Authority of India (IRDAI) started this Own Damage Car Insurance. In this insurance plan, the insurer gets coverage only for the damage caused to his own car or vehicle by objections like road accident, natural or man-made objection, theft, fire, explosion.

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How to calculate car insurance premium? (HOW TO CALCULATE CAR INSURANCE PREMIUM?)

car insurance benefits

To calculate the premium of friends car insurance, car insurance premium calculator has to be used. car insurance premium calculator is such an online tool from which you can calculate the premium of car insurance. You just have to enter some details of the car like car model, car make, type, RTO location, year of purchase etc. With the help of this calculator, you can find out the actual premium that you will have to pay while taking insurance from different car insurance companies. With its help, you can compare the plans of different insurance companies and choose the best plan. You will find car insurance premium calculator on the official website of any insurance company.

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Related Questions

Question: How much is third party insurance?

Answer: Compulsory accident insurance is available up to 15 lakhs in third party insurance.

Question: How long is the insurance for a new car?

Answer: As per the current rule for third party insurance one has to take 3 years insurance for four wheelers and 5 years insurance for two wheelers.

Answer: What is the legal penalty for driving without insurance?

Answer: Driving without insurance can result in a fine of Rs 2000 or a jail term of 3 months if caught.

Question: What is covered in car insurance?

Answer: Car insurance covers the following:-

  • Theft
  • accidents
  • natural disasters
  • own accident
  • fire damage
  • Third party damage

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