
The need for having the right car insurance is now more pronounced than ever, as it keeps you financially well-covered if any accident were to occur while driving on the road, and lends you peace of mind at the same time. That forms the basis of the Private Car Insurance policy by Liberty General Insurance (LGI). This car insurance policy provides protection to the car owner against I) damages to the insured vehicle, and II) any third party liability as determined by the law.
Well, there are a number of key benefits of buying a Liberty Private Car Insurance Policy, and here are some of the prominent Car insurance details:
Inspection & cashless
claim service at more than 4300 network garages
Settlement within 7
working days
Existing No Claim
Bonus from any insurance provider
Of additional protection & convenience through
different add on covers
For effective claims support & assistance from 8:00 AM to 8:00 PM daily.
Driving a car without third party insurance is a punishable offence according to the terms of the Motor Vehicles Act, 1988. Having at least third party insurance is a statutory requirement as the owner of the insured vehicle is legally liable to pay for any injury or damage suffered by third party/parties or third party property, arising out of an accident due to the use of the insured vehicle in a public place.
The two options you have when you buy online insurance for car include: -
Based on the option you choose, LGI’s online car insurance in India comes with specific coverage.
Own Damage to the vehicle insured caused by-
Answer. Yes, motor insurance is mandatory in India. Having at least third party motor insurance in India is a statutory requirement as per the Motor Vehicles Act, 1988.
Answer. It is an insurance policy that covers four wheelers against damage or loss resulting from accident or theft. One can buy online car insurance policy or by visiting the insurer.
Answer. Car insurance is of two types
Third-party insurance is the most basic vehicle insurance that is compulsory for every motor vehicle on road. It only covers the loss or damage suffered by third party in case of an accident arising out of the use of the insured vehicle. Liability only policy does not cover any loss or damage to the insured vehicle or to the insured.
It is an all-inclusive policy which provides complete coverage i.e. loss or damage to insured as well as to the third-party, in case of theft or an accident.
Answer. Commercial car insurance policy is required if you use your vehicle for commercial purposes or own vehicles operated by a business.
Answer. Yes. Car insurance policies are usually offered for one year, so you will have to buy car insurance, every year. Purchase online motor insurance to avail various benefits such as better premiums, less paperwork, etc.
Answer. Third party car insurance is mandatory as per the law. But, you should buy car insurance as per your requirements. As liability only policy only covers third party liability, any damage to your vehicle will not be covered. Hence, it is advisable to buy comprehensive cover as it protects you and your car against accidental damages and losses, in addition to third party liability. Plus, it would be best to buy online car insurance as it offers numerous advantages.
Answer. The below mentioned factors can affect the premium for car insurance policy: -
Answer. Insured Declared Value (Sum Insured under Motor Insurance Policy) reflects the value of the motor vehicle determined based on the Manufacturer's Listed selling Price of the vehicle and depreciation based on the Age of the vehicle. It will be fixed at the commencement of each policy period for each insured vehicle. The IDV is applicable for the purpose of Total Loss/ Constructive Total Loss (TL/ CTL) claims only. For the purpose of TL/CTL claim settlement, this IDV will not change during the currency of the policy period in question. It is clearly understood that the liability of the insurer shall in no case exceed the IDV as specified in the policy schedule less the value of the wreck & Excess.
IDV Depreciates with Vehicle Age which means car insurance prices for a new car will be higher than an old car
Answer. No-claim bonus (NCB) is a discount in OD premium offered by vehicle insurance companies on car insurance if an Insured has not made a single claim during the term of the motor insurance policy. No Claim Bonus (NCB) is offered to an Insured as per the NCB Slab (GR 27). An insured becomes entitled to NCB only at the renewal of a policy (which was bought as a new car insurance policy) after the expiry of the full duration of 12 months.
No Claim Bonus can be transferred on new car insurance subject to Insured having NCB Reserving Letter.
Answer. The next slab of NCB will be allowed in the new motor insurance policy of New Insurer (listed car insurance companies in India) subject to no ownership transfer, no claim in Previous Policy and previous policy runs for the full period of 12 Months (365 days). The policy buyer can compare various car insurance quotes and the benefits to purchase the best car insurance policy in India with the advantage of NCB.
Answer. Using car insurance calculator you can calculate your estimated vehicle insurance premium online. Just enter your requirements for vehicle insurance online in the calculator to get instant insurance quotes. Getting insurance quotes and comparing them will help you get your hands on the best car insurance in India.
Answer. It is beneficial to buy car insurance online in India as there are various policies to choose from and you can make a better and a more informed decision. When you buy car insurance policy online, do complete research and then make the decision. Buying car insurance policy online also helps you save on time and money. When you buy car insurance online in India, you get better benefits than purchasing offline.
Thanks Manish
Dear Mr. Dharma – I would like to thank your company personnel at the customer services division for their excellent support. Your customer care executive, Manish Bhatia took care of all my queries in a very courteous and professional manner.
Would also like to thank Mr. R Rajkiran from ‘Invee Intelligence Private Limited’ and Mr. Umesh for taking this issue to closure.
Keep up the good work.
Majid Hashmat
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Mr. N. Rama Mohan Rao
Average RatingBased on 35 Ratings
7/16/2016 10:51:28 AM
Category: General Insurance
hi. ashish singal, 09700616177 there is not at all good response from ur company.my policy no. is 20000365156..
7/16/2016 10:51:28 AM
Category: General Insurance
A good company to insure with. Quick customer service and claims also. Really feeling happy to insure with LVGI.
7/16/2016 10:51:28 AM
Category: General Insurance
customer satisfaction is the key to competency Have got a good feedback regarding the service.I hope we get to avail the services soon in dehradun...
7/16/2016 10:51:28 AM
Category: General Insurance
I am happy to see that being a small company the employees talk to each other & resolve customer queries fast. I am pleased with the speed of service. Very professional people...
7/16/2016 10:51:28 AM
Category: General Insurance
I was surprised to see the level of professionalism shown by the claims & customer service team. They were quick and courteous. Cheers...
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Read MoreRegistration Number: 150 | ARN:Advt/2018/March/26 | CIN: U66000MH2010PLC209656
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