Reviews for Buying Cheap Car Insurance in India

In today’s world, a car is no longer an item of luxury. It is more of a necessity. While deciding the right policy, the budget is also important. The expenses are always on the rise. There are a lot of good car insurance providers out there. However, it is not necessary that all of them are affordable.

We have compiled a list of most affordable insurance policies for you.

1. Car Insurance by Bharti Axa

This one is among the leading and renowned insurance companies in the nation. Bharti AXA Car Insurance firm was born as a result of joint venture program between AXA and Bharti Enterprises. It provides a number of wonderful benefits to the customers. The cashless claim is provided across a network of more than 1600 garages across the country. For private cars, a cover up to 7.5 lakhs is provided in the case of damage due to third party issues.

2. Car Insurance by BAJAJ ALLIANZ 

It is arguably the most famous motor vehicle insurances in the nation. This insurance company is the result of joint venture program between Allianz and Bajaj Finserv Company. With this policy, you get the comfort of cash-free claim settlement in case the vehicle is repaired at any garage from the 4000 garages enlisted in the policy. If the vehicle has any anti-theft equipment or if the policyholder is a part of Automobile Association, you are entitled to discounts.

3. Car Insurance by Reliance

The firm is a part of the prestigious Reliance Group. Reliance Group of Industries has diversified into almost each faction of the business world. It is a well-known insurance in India. Car Insurance by Reliance offers 94 different insurance policies that cater to individual and corporate customers. The policy covers policyholder while he is driving. An added cover for the 3rd party, in the amount of 10 lacs is available. The car insurance covers the car in case of theft, accident, etc.

4. New India Assurance

It is an insurance group based out of Mumbai, India. The government-owned group offers several insurance plans under different insurance spheres. You can bank on New India for a reliable insurance plan. They are not limited to one or two insurance plans but have diversified into all sectors of insurance. Car insurance covers damage or loss of accessories in the car. The equipment can be stereos, air-conditioners, fans, etc. The liability is there for an amount with no ceiling limit if there is injury or death. Insurances offered are for private car and commercial vehicles. Policyholders get cover for personal accidents.

5. Car Insurance by TATA AIG

The joint venture of American International Group and TATA group is TATA AIG General Insurance. AIG holds 26% of the total shares while TATA has got the balance 74%. The company was launched in January 2001. It offers settlement Green Channel with warranty in case of accident repairs. It is called Automobile Restore Warranty. In the event of a vehicle breakdown or an accident, hotel expenses and emergency travel are also covered.

A trustworthy name in the sphere of vehicle insurance providers is ICICI Lombard Motor Insurance.

ICICI Lombard Motor Insurance Review

Two insurance policies are provided-

1.    Car Insurance

2.    Two Wheeler Insurance

Car Insurance Overview

Network Strength	Over 3100 garages
Roadside assistance	Free

Why to buy Car Insurance?

The policy can be purchased instantly online.

Features and Benefits

●     Roadside assistance available with just 1 phone call

●     Cashless operation across 3100 garages

●     Discount available on policy renewal

●     Immediate attention

Eligibility

●     The person has to be the owner of the vehicle

Exclusions

●      Electrical or a mechanical breakdown

●      Vehicle ageing that causes wear and tear

●      Damage due to civic unrest, danger of war, or nuclear causes

ICICI Lombard Two Wheeler Insurance Overview

Network Strength	Over 3100 garages
Roadside assistance	Free

Why to buy Two Wheeler Insurance?

The policy can be purchased instantly online.

Features and Benefits

●     No need for documentation

●     Towing charges covered till Rs 1500

●     Cashless operation across 1850 garages

●     Immediate attention

Eligibility

●     The person should be the owner of the car.

Exclusions

●      Electrical or a mechanical breakdown

●      Vehicle ageing that causes wear and tear

●      Damage due to civic unrest, danger of war, or nuclear causes

●      Intoxicated driving 

Review

The policy offers a good deal, wonderful benefits and features and is very reliable.

You may like to read : ICICI Lombard Car Insurance- Reviews, Renewal & Premium Details

Tata AIG General Insurance Company Profile Review, Products

Tata AIG General Insurance is a collaboration between AIG Inc. and the Indian giant, Tata Group. It is now a world-renowned international financial and insurance service provider. The company provides a wide range of non–life insurance products. The claims settlement services are the most outstanding; as a result, the company is slowly penetrating the retail and commercial space for newer opportunities.

An Overview of Tata AIG Insurance Products

Tata AIG offers a host of great products in:

●     Lifestyle insurance

●     Home insurance

●     Travel insurance

●     Motor insurance

●     Health insurance

●     Other specialised products

Let us now take an overview of the various popular insurance policies by Tata AIG:

Name of Insurance Policy	Tata AIG MediPrime – Cashless Health Insurance
Maximum Age for Entry	55 years
Maximum Sum Assured	5 lakh
Coverage	Hospitalisation without any sub - limits

Name of Insurance Policy	Tata AIG Wellsurance Executive Policy
Minimum Age for Entry	18 years
Maximum Age for Entry	65 years
Coverage	Lump sum benefit for critical illnesses, hospitalisation and post-hospital care

Name of Insurance Policy	Tata AIG Wellsurance Family Policy – Family Fixed Benefit Plan
Minimum Age for Entry	18 years
Maximum Age for Entry	65 years
Eligible Age of Children	6 years to 18 years
Coverage	Lump sum benefit for critical illnesses, hospitalisation and post-hospital care; Children education benefit in case of death or permanent total disability of policyholder

Name of Insurance Policy	Tata AIG Wellsurance Woman Policy
Minimum Age for Entry	18 years
Maximum Age for Entry	65 years
Coverage	Lump sum benefit for 11 critical illnesses, hospitalisation and post-hospital care; cosmetic surgery benefits for accidents

Name of Insurance Policy	Tata AIG Critical Illness
Minimum Age for Entry	18 years
Maximum Age for Entry	65 years
Eligible Age of Children	6 years to 18 years
Coverage	Lump sum benefit for 11 critical illnesses, hospitalisation and post-hospital care; Children education benefit in case of death or permanent total disability of policyholder

Name of Insurance Policy	Individual Accident and Sickness Hospital Cash Policy
Minimum Age for Entry	6 months
Maximum Age for Entry	65 years
Coverage	Daily hospitalisation benefit for 180 days and post-hospital care.

These are some of the insurance policies offered. Some other very good products include:

●     MediPlus – Top – up Medical Health Insurance Plan

●     Medi Senior – Senior Citizen Health Insurance Plan

●     MediRaksha – Affordable Health Insurance Plan

Group Accident and Sickness Hospital Cash Policy

Apart from medical insurance, Tata AIG also offers the following insurances:

●     Personal accident insurance

●     Marine insurance

●     Property insurance

Features and Benefits of Tata AIG Insurance Policies

●     Tata AIG policies cover a maximum of 5 family members which includes 2 adult members and 3 children

●     All medical expenses covered for 60 days of pre and post hospitalisation

●     Health check up schemes for no – claim years

●     Policies are for lifetime coverage and renewable throughout the life of the policyholder

●     For pre-existing ailments, a waiting period of 4 years is required before covering it under the scheme

●     For every no – claim year you can get a cumulative bonus of 10%, that may accumulate up to 50% of the sum assured

●     Cashless hospitalisation facilities in more than 3000 networked hospitals.

●     No pre – policy medical examination necessary for individuals below 50 years of age or in cases where the sum assured is below 5 lakhs

Exclusions From the Tata AIG Insurance Policies

Tata AIG General Insurance reviews tell us that the following are excluded from coverage under their insurance policies:

●     When there is an ensuing war

●     Inflicting self-injury intentionally; attempt to commit suicide

●     Taking part in army, navy or air-force operations

●     Taking part in reckless sports like racing, scuba diving, etc.

●     Person found addicted to alcohol, drugs and smoke

●     Obesity control therapies

●     Psychiatric problems, Parkinson’s, Alzheimer’s diseases

●     AIDS and similar sexually transmitted diseases

●     Treatment for sterility and infertility

●     Pregnancy, maternity and childbirth

In Conclusion…

Tata AIG General Health Insurance has in store for you a host of beneficial insurance policies for yourself as well as your family members – not only for medical concerns but also every other aspect of life. The services are efficient and focused only on the benefit of the clients. The policies are all inexpensive and worth checking out today only.

Read More : Tata Aig General Insurance - Know more

HDFC ERGO General Insurance: Plans, Benefits, Review

HDFC Ergo Insurance is among the largest insurance firms in the country. The enterprise has as many as 104 different branches in over 80 cities in India. The employee count is more than 1700. The company is ‘iAAA’ rated and also has an ISO certification. HDFC ERGO is a collaborative effort between HDFC and ERGO. They provide insurances in all the sections.

HDFC ERGO General Insurance provides listed below insurances-

1.       Motor Insurance, i.e. for two wheeler and car

2.       Travel Insurance

3.       Health Insurance

4.       Home Insurance

5.       Personal Insurance

Health Insurance by HDFC ERGO Group

The insurance firm provides mentioned below policies with respect to health-

A.      Critical Illness

B.      Health Suraksha Top Up

C.      Health Suraksha

D.      Critical Illness Platinum.

E.       Health Suraksha Regain

F.       Health Suraksha Gold

Overview of Health Suraksha

Minimum Age to purchase policy	3 months or more
Maximum Age to purchase policy	Till 55 years or less
Renewability	Policy can be renewed till 65 years of age
Term of the Policy (in years)	1-year term, 2 years term

Overview of Health Suraksha Gold Policy

Minimum Age for entry	No bar
Maximum entry	Any age
Renewability	Can renew policy at any age
The Tenure of Policy (in years)	1-year tenure or 2-year tenure

Why to purchase this Insurance?

Health Suraksha Gold is a convenient policy for the policyholder and the family.

Overview of Critical Illness Policy

Minimum Age to purchase policy	5 years or more
Maximum Age to purchase policy	45 years or less
The Sum Assured Amount (Minimum amount)	2.5 (in lacs)
The Sum Assured Amount (Maximum amount)	10 (in lacs)
Renewability (max age)	66 years option or 67 years option in 1-year tenure or 2-year tenure variants
Policy Tenure	1-year variant and 2 variant

Why to purchase this Plan?

●     This policy covers a large number of fatal illnesses. As many as 8 illnesses that are termed as critical illnesses are included in the insurance policy in its Silver plan. More illnesses are covered in its Platinum plan.

Motor Insurance Overview

Motor insurance includes both a two-wheeler and a car.

Car Insurance

Network strength	3400 garages
Net premium	80860
Cover includes	1 year, 2 years

Why to buy Car Insurance?

Focus on customer satisfaction and professionalism.

Features

●     Online policy purchase available

●     Wide range of discounts available

●     Third party liabilities covered

●     Cover available for personal accidents

●     Customer service team to cater to consumer queries

Benefits

●     Application is convenient: zero documentation for online application

●     24-hour support is available

●     Security- application is very simple. Investment is completely safe

Eligibility

●     Policy can be purchased for personal vehicles

Inclusions

●     Third party liability is covered in the event of death, injury or damages to the third party

Exclusions

●     Electrical breakdown

●     Mechanical breakdown

●     Damage caused because of war

●     Damage caused by riot

●     Damage to tires or tubes is not protected under cover

●     Damage caused while the vehicle is outside India

Two Wheeler Insurance

Network strength	3400 garages
Cover for personal accident	1 lac
Term of Policy	1 year

Why to buy Two Wheeler Insurance?

Safeguards damages caused due to accidents and mishaps.

Features

●     Damage due to earthquakes, floods, storms

●     Theft, burglary

●     Third party liabilities are covered

●     Cover is available for personal accidents

●     Customer service desk to cater to consumer requests and queries

Benefits

●     Application is highly convenient: no documentation needed for online application

●     support is available while renewal is pending (documents stuck in the post)

●     Security- application for policy is very simple. Investment is fully safe

Eligibility

●     Policy can be purchased for personal two wheelers

Inclusions

●     Third party liability is covered in the event of death, injury or damages to the third party

Exclusions

●     Depreciation

●     Mechanical breakdown

●     Damage due to situation of war

●     Damage caused by situation of riot

●     Damage caused while under the effects of intoxication

●     Damage to tires or tubes is not protected under cover

●     Damage caused while the vehicle is outside India

Other Insurances offered-

Insurance policies are available for rural people like owners of dairy, peasants and tradesmen. There are two different policies available for this purpose, as specified here-

●     Cattle Insurance

●     Agriculture Insurance

Commercial Insurance- There is a number of insurances for businessmen and corporate markets. The various policies are-

●     Specialty Insurance

●     Group Insurance

●     Casualty Insurance

●     Knowledge Series

You may like to read : Advantages of HDFC Ergo General Insurance