As the name suggests, a long term insurance policy is one that comes with a longer period validity. As of September 2018, the Insurance Regulatory and Development Authority of India (IRDAI) and the Supreme Court of India, issued a mandate stating that all new vehicle owners have to purchase long term insurance policies.
Buying a car today requires quite a lot of research as car owners are spoilt for choice. It is no longer a matter of choosing a car based on your budget and your family size. Today, cars can be selected based on their utility
All of us are overjoyed when we buy our first car, and naturally so. We spend a lot of time and money on purchasing the finest car accessories of our choice. Whether it is a state of the art music system, LCD screens for navigation or even classy seat covers, we pay a lot of attention to making our car swanky.
The market for second hand vehicles is extremely large in India. Many new riders and drivers often prefer to drive a used vehicle so as to prevent any major damages arising due to accidents when one has just begun to drive. Yet others find second hand cars much more affordable than brand new ones. It is therefore not common for people to own used vehicles any more.
Typically, there are two types of insurance covers available for vehicles – comprehensive insurance cover and third party insurance cover. While the former is optional, the latter is mandatory for all vehicle owners. Let’s find out what is third party insurance cover and what its advantages are?
Car insurance providers offer a reward or an incentive to drivers for following traffic regulations and safe driving. This reward is essentially a bonus that is provided for every year in which an individual does not make a claim on his insurance policy and is known as a no-claims bonus.
one can never predict when something unfortunate can occur. While you may be a safe rider, there is no guarantee that others are, and if you are in an accident, not having car insurance can result in some difficult consequences.
Depreciation has an impact on the claim settlement about car insurance. One might assume that comprehensive car insurance will eliminate any out of pocket expenses, but you are wrong. Whenever you file a claim for car insurance, the insurance company will determine the amount payable after considering depreciation.
By definition, an accident is something which no one can ever see coming. It brings with it a lot of stress and duress – financial and emotional. Depending upon the severity of the accident, one could be partially or completely disabled.
The United States of America is a country that many people wish to visit. It is also one of the most favoured countries for further education. Most Indian who go to USA to study, often end up seeking employment there and building a life over there.
Any accident can be a traumatic incident for the party involved in it as well as his/her family members. It puts one in a state of emotional and financial distress.
One of the greatest joys of life is giving back to our parents for all the wonderful things they’ve done for us over the years. Parents spend their entire lives putting their children before themselves and a great way to thank them for their unconditional love is to send them on a vacation.
Every now and then, you need to unwind from your stressful work life. One of the best ways to utilize your paid leaves is to take a break and go on a vacation.A vacation proves to be the perfect breather from your hectic work life and enriches you culturally.
For the average, common man, buying a car is a huge financial investment. The joy of bringing home your first car is unparalleled to everything else. But in your enthusiasm of purchasing your dream car, you should not forget about buying car insurance.
Life is full of uncertainties and one cannot predict when something unfortunate happens. The unpleasant circumstance also brings with it several legal and financial issues that one has to face in the absence of a valid insurance policy.
When you set out to purchase a new car, it is natural for you to want to bring home one that you’ve dreamed of for the longest time as well as one that fits your budget. While finalising which car to purchase, you have a lot of things in mind
Owning a car has become very easy these days thanks to car loans. It is also the best kind of vehicle that takes care of the transportation needs of your family members.
Life is full of uncertainties and one cannot predict when something unfortunate happens. The unpleasant circumstance also brings with it several legal and financial issues that one has to face in the absence of a valid insurance policy.
You can never predict when an accident can occur. You could be driving on the road, have a sports injury or simply fall off the stairs and be heavily injured. If you are the primary bread winner of your family, a fatal accident can jeopardize the financial future of your family.
Life is exciting. It is filled with many milestones for us to tick off. But life’s unpredictable nature means that one can never be too prepared for what can happen; a fire can burn down that house you built; you could be in an accident which destroys your dream car and puts you in a medical emergency; your trip abroad could be filled with mishaps.
As the world is becoming digital, more and more people are relying on online platforms to make their investments. Today, it has become incredibly easy to get information and compare different companies before purchasing anything, including your insurance policies.
As life goes by, we begin to accumulate a lot of possessions and experiences. These include your home, your vehicles, and your travels. Health is another aspect of life that we hold dear.
Buying car insurance is not only crucial, but also necessary if you want to drive your vehicle on Indian roads. But for most people, this is an investment that is deemed less important as opposed to say, health or life insurance.
One of the first things you do when you buy a car, is purchase an insurance policy with it. But, like every other investment you make, vehicle insurance is also a rather important investment.
Driving a vehicle is often considered as a stress-buster for many people. Who doesn’t love to go on that long drive, cruising around the city, with the wind in hair? But when you are behind the wheel, you need to remember to drive safely.
Car insurance policyis taken by the owner to protect her vehicle from damages and/or loss arising from unavoidable and unforeseen circumstances. It provides cover against theft, total/partial damage caused to the vehicle.
When it comes to vehicle insurance, most of us tend to overlook this necessity. Even a minor accident can lead to considerable expenses and vehicle insurance ensures that these expenses are taken care off, providing financial relief to you. Also, The Motor Vehicles Act, 1988, mandates that every motorized vehicle plying on Indian roads should have a valid insurance.
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