| In India a car is considered to be a much priced possession. Therefore, people spend fortunes on its looks, maintenance and security. Car Insurance is one of the mandatory and most important steps towards acquiring a new Car. As per the Government’s policy the Car Insurance has to be renewed every year which covers both material damage as well as life threatening damage.
With more and more people opting for the new and used cars in the market, there are lots of public and private sector banks and companies coming in the market. The major key players for the car insurance in the market are United India Insurance, ICICI Lombard, Oriental Insurance, Reliance general Insurance, and New India Insurance. In order to make the process of car insurance easier, the companies have tied up directly with the manufacturers to provide the car insurance at the time of purchase on renewal of car insurance.
In General there are two types of Car Insurance policies available:-
1.) Third Party Insurance: - This Insurance pays the compensation to the third party involved in the accident. It pays for the death or damage of property to the Third Party.
2.) Comprehensive Insurance Policy: - This policy provides cover to the policy holder’s car in addition to the Third party. The incidents covered in the third party are fire, accident, theft, burglary, riots, attacks, transportation etc. On paying some amount of additional premium, the cover can be extended to the electronic sound and video systems also along with the unnamed passengers in the car.
If a person does not claim any bonus in the first year, the no claim bonus is awarded to the policy holder on the renewal of policy. The discount starts from 20%.In order to make it convenient for the consumer to select the Car Insurance policy, there are various websites available now which provides the thorough information regarding the various companies providing this policy. In short the internet has revolutionized the ease of getting an insurance policy online.
Policybazaar.com being one of the most experienced and pioneered player of car insurance in the market, offers the facility to compare the quotes for insurance offered by various companies. By comparing the various cover plans and price quotes a user can make sound decisions.
The four major points a user can find on the policybazaar.com are:-
Premium: The amount to be paid for the insurance and the cover it provides.
Payment Options: the various easy payment options provided to user.
Discount: You can actually see the discounts offered by policybazaar.com and choose the best offer.
Tie-ups with repairing centers: - The number of and location of various garages tied up with the insurer.
With Policybazaar.com you will be able to find the best quotes with all the cover and premium related information within 10 minutes. The several reasons to visit the policybazaar.com are:
1.) It saves a lot of money.
2.) It saves a lot of time.
3.) Policy can be purchased from anywhere.
4.) You can compare and choose the best policy for your car.
5.) Upon choosing the policy insurance can be purchased immediately.
Therefore, it has become extremely important to visit the online website in order to purchase or compare a happy and satisfactory insurance policy.
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