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26th March 2016, 09:27 AM
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Join Date: May 2012
Re: Types Of Car Insurance In India

Feel free buddy I will tell you types of car insurance offering by various organization in India to there customer so that youc can have idea about them.

In India private car insurance is quickest grower as far as the automobile insurance sector is concerned. It is obligatory for all new car owners to get them insured and the third party insurance policies. The premium normally depends on the worth and structure of the car, the year when it was made, and the area where the car has been registered.

Types of Car Insurance
There are three major types of car insurance available in India – comprehensive policy, third party insurance plus theft, and third party insurance.

Third party plans

The third party policies cover the liabilities faced by a car owner when their cars hit a third person and cause any of the following:

Physical injury
Property damages
Death
Personal accident cover for car owners if they were driving the car during the accident

Car Insurance Coverage in India


In India the third party policies cover both the death and the injury of a third party as well as the damages caused to that particular party.

The liabilities for injury and death are not limited.

The comprehensive car insurance policies provide protection against damages suffered by a car owing to natural disasters or man made issues.

The insurance companies have no responsibility in case of instances of hit and run. The victim in such a case is paid damages by the Solatium Fund set up by the government.

Here are the various insurance companies offering car insurance
Aviva Life Insurance
Bajaj Allianz Life Insurance
Birla Sun Life Insurance
HDFC Standard Life Insurance
ING Vysya Life Insurance
Life Insurance Corporation of India
Max Life Insurance Company
MetLife India Insurance
Reliance Life Insurance
Sahara India Life Insurance
SBI Life Insurance
Tata AIG Insurance Company Ltd
Om Kotak Mahindra Insurance Company
Agriculture Insurance Company of India Ltd
Amsure Insurance
ANZ Insurance
Cholamandalam General Insurance
Employee's State Insurance Corporation
ICICI Lombard General Insurance
IFFCO-Tokio General Insurance
National Insurance Company Ltd
Oriental Insurance Company Ltd
Peerless Smart Financial Solutions
Royal Sundaram Alliance Insurance India
Tata AIG Insurance Company Ltd
Export Credit Guarantee Corporation of India Ltd


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