Car Insurance Options in India

You have recently bought a car and are looking forward to enjoying long drives in it. Before, you set forth on one, do you have it covered? Under the provisions of Motor Vehicles Act all the vehicles which are plying in public places need to have an insurance policy. Hence, it is obligatory on your part to get your car insured. There are two types of insurance policies available for cars -

1. Third party insurance - policy A
2. Comprehensive insurance policy - policy B

Although legal requirement is met by policy A, it is recommended to go in for comprehensive insurance policy for your own car.

After the opening up of the Insurance sector in India, there are a plethora of options for getting your car insured. Here’s the list of top ten car insurers both in the public as well as the private sector:

• National Insurance Company Ltd.
• The New India Assurance Co. Ltd.
• The Oriental Insurance Company Ltd.
• United India Insurance Co. Ltd.
• Bajaj Allianz General Insurance
• ICICI Lombard
• IFFCO-TOKIO
• Reliance General Insurance
• HDFC General Insurance
• Tata AIG General Insurance Company Limited

Insuring your car will give you peace of mind!

By: Moderator1342 days ago