FAQ

What are the rates of third-party car insurance premiums?
Third-party car insurance premium rates are pre-defined by the Insurance Regulatory and Development Authority of India based on the Cubic Capacity of the ca...
Fri, 3 May, 2024 at 11:47 AM
What is the highest compensation offered in third-party car insurance plans?
Under third-party car insurance, the maximum compensation offered by the insurer in case of damage to a third party's property is Rs. 7.5 lakh. When it ...
Fri, 3 May, 2024 at 11:47 AM
What is the duration of third-party car insurance?
Tenure of third-party car insurance is 1 year and is required to be renewed before the expiry of that period. However, you can opt for three to five years o...
Fri, 3 May, 2024 at 11:47 AM
Will I be able to transfer my third-party car insurance to a new owner if I sell my car?
Yes, you can transfer your third-party car insurance in the name of the new owner-driver. The buyer has to submit an application within 14 days from the dat...
Fri, 3 May, 2024 at 11:47 AM
What is comprehensive car insurance?
Comprehensive car insurance is a premium car insurance policy that offers complete protection to the parties involved in an accident included damages sustai...
Fri, 3 May, 2024 at 11:48 AM
Is comprehensive car insurance mandatory?
No, comprehensive car insurance is not mandatory, however, it is always advised to purchase comprehensive car insurance over a third-party insurance plan fo...
Fri, 3 May, 2024 at 11:48 AM
Is it smarter to buy comprehensive car insurance?
Buying comprehensive car insurance is always a smarter decision than buying third-party car insurance because of the benefits it provides under a single pla...
Fri, 3 May, 2024 at 11:50 AM
What are the factors affecting the cost of comprehensive car insurance plans?
The cost of comprehensive car insurance plans is always higher than third-party insurance because of a wider range of coverage benefits. The factors affecti...
Fri, 3 May, 2024 at 11:50 AM
Can I switch from third-party car insurance to comprehensive car insurance at the time of renewal?
Yes, you can easily switch from third-party car insurance to comprehensive car insurance at the time of car insurance renewal.
Fri, 3 May, 2024 at 11:50 AM
What are add-on covers available in a car insurance plan?
If you wish to enhance the existing coverage of your car insurance policy, you can opt for add-on covers. They offer extended protection and enhance the ove...
Fri, 3 May, 2024 at 11:50 AM