Vehicle thefts are becoming common these days. In Delhi alone, over 40,000 cases of motor vehicle thefts were reported in 2018. Considering the situation in hand, theft coverage has become the need of the hour.
One of the biggest concerns faced by car owners is the premium amount of their insurance policy. In January 2020, the IRDAI launched the usage-based insurance (UBI) private car insurance policy under its regulatory sandbox initiative to offer a customized solution for vehicle owners.
National Insurance is one of the best general insurance companies in India, having total assets worth 8,867 crores. The company majorly operates in India and Nepal. It offers insurance products to its customers, which include Motor Insurance, Health Insurance, Fire Insurance, Marine Insurance, etc.
Tata AIG is an esteemed general insurance company that offers a comprehensive list of insurance covers. The company has been operating for 16 years. Tata AIG intends to safeguard the luxurious possessions of people in case of any eventuality.
Car insurance is compulsory coverage, which can be bought via online or offline methods. There are several ways to check car insurance policy status. With the new-age digitalization, checking car insurance policy status has also extended online. Let’s find out more about it!
Founded by Sir Doraji Tata in 1919, The New India Assurance Company is one of the renowned insurance companies. Be it general or non-life insurance, New India Assurance Company has been India's favourite choice. And not just in India, the company operates in 28 other countries.
Car insurance policy number is a unique 8 to 10 digit number, given by your car insurance company for the identification of your insurance account. It is generally written on your insurance card or statements issued by the insurance company. The number remains the same as long as your policy is active with the respective insurance provider.
Incorporated in 1906, National Insurance Company Limited is India's oldest General Insurance Company. It is the first insurance company who introduced customised general plans and is well-renowned for its customer-oriented services.
The Insured Declared Value is the amount that the owner is entitled to receive for loss or damage of the insured vehicle. Simply put, the current market value of the car is referred to as the Insured Declared Value.
Bajaj Allianz is one of the leading names among private general insurance companies in India. Founded as a joint venture between the German Financial Services company (Allianz SE) and Bajaj Finserv Limited, the company received the certificate of registration from IRDAI in May 2001.
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