Car insurance company
Car insurance -A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage.
National Insurance Company Ltd. (NIC)
This state owned general insurance company is a starting of car insurance in India. The company boasts of over 1000 offices and 16,000+ employees and agents across India and Nepal.
Features
Third property damage up to 7.5 Lakhs
Incurred Claim Ratio of 69.35%of
Wide range of mishaps and possibilities covered
Wide network of branchestio
The Hartford
The Hartford is the nation’s 11th largest insurer. They are highly ranked for value customers are satisfied with the price of their policies relative to the competition.
Features:
Highly rated for pricing/value
Wide range of coverage options
Very strong financial stability rating
Easy-to-use website and mobile app
United India Car Insurance
Another heavyweight state owned general insurance company, United India Insurance Company Ltd.
Features:
Renew policy via easy mobile app.
Offered in two forms- package policy & liability only policy
Attractive discounts offered when user complies with certain requirements
Nationwide reach
ICICI Lombard Motor Insurance
ICICI Lombard GIC Ltd is known for its tech savvy approach, robust customer support and quick turnarounds on the immensely customer application procedures.
Features:
Immediate issue of e-policy online
Doorstep surveyor facility
Cashless settlement at 3300+ network garages across India
Online purchase of EMIs Wide range of add-on covers
Much applauded customer support
Simple claim process
Towing assistance
HDFC ERGO Motor Insurance
One of the premier private sector players, HDFC ERGO General Insurance offers insurance solutions pertaining to motor, travel, home, health and personal accident.
Features:
Third Party Damage Upto 7.5 Lakhs
1600+ Network Garages
92% of Incurred Claim Ratio
Discounts based on age and profession
Wide range of add-on covers
Bajaj Allianz
One of the upcoming car insurance providers in the market that is most talked about is Bajaj Allianz. With its unique facilities, this insurance provider has served numerous customers all over the nation.
Features:
1 Lakh additional coverage
SMS updates for motor claim status
1500 garages across the country that offer free service
During breakdown or accidents, towing facility is offered
Oriental Insurance Company Ltd
The Oriental Insurance Company is a fully government owned concern that enjoys massive favour from the Indian public that views Oriental as a solid performer in light of its credible history and status as a state owned entity.
Features:
Excellent claim settlement record
High Claim Settlement Ration
The aura and safety associated with being a public sector company
Valuable Add-ons
1800+ active branches across India
Buy/renew policy online
Reliable and authentic
Robust customer support and agent network
Tata AIG
Tata AIG General Insurance Company that offers insurance for commercial vehicles, cars and second-hand cars. Add to it, it has been awarded as one of the best claim service company in the past.
Features:
Warranty on repairs
Claim settlement in 7 days
Free car pick up
Cashless settlement at network garages
Unique add-ons
Bharti AXA Insurance
Easily Tagged as one of the biggest car insurance company in the nation, this company maintains a long list of benefits to the customers which are its selling points.
Features:
Lost key help
Online purchase offers for the whole family
Repairing cost of rubber, batteries and bags s are covered
100% guarantee of repayment on the depreciated part during settlement
Pays for medical, hospital and ambulance charges
Approved garages offer free service
The New India Assurance Co. Ltd.
New India is wholly owned by the government of India. Backed up by a strong capital, infrastructure and human resource.
Features:
Claim decision taken within 3 days of application
Surveyor appointed within 48 hours of claim intimation
Claim payment made within 3 days of discharge voucher receipt
Grievance acknowledged within 3 days of receipt
Grievance resolved within 15 days of receipt
