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Car Insurance Policy for Famous Brands and Models

Buying a car is indeed one of the prominent investments you make; it is not only a major achievement in life but also a lifestyle upgrade. It helps you break the vicious cycle of public transport. You don’t have to deal with chaotic trains and crowded buses. Just like a car brings in bunch of happiness, it also invites a number of risks. To insure risks related to third party person or property, Motor Vehicles Act has made it mandatory to drive with a valid car insurance policy . Driving without a valid insurance may attract penalties and financial loss. We at HDFC ERGO offer multiyear third party liability policy, which offers coverage against risks caused to third party person or vehicle for a period of 2 or 3 years. HDFC ERGO understands the growing importance of insurance, which not only covers risks related to third party but also protects your own vehicle as well as driver. To insure your own vehicle against possible damages due to natural calamities, accidents or terrorism we have designed comprehensive car insurance policy.

Car Insurance Renewal

We often buy car insurance; however fail to renew it on timely basis, probably due to busy lifestyle and hectic schedules. Always set a reminder for your next renewal date so that you pay the next renewal premium on time. If your policy expires, you might land up in a legal trouble or have to bear the financial losses for any accidental damage caused to your vehicle. Renewals are not just meant for keeping you insured, but also for continuity benefits such as No claim Bonus.

List of Famous Car Brands and Models


Kinetic Mahindra Suzuki Royal Enfield
Toyota Toyota Innova Tata Hyundai
Honda Maruti Suzuki Alto Maruti Suzuki Swift Nissan
Ford Volkswagen Skoda Datsun
Mahindra XUV 500 Hero HF Deluxe Hero Splendor Hyundai
Hyundai Grand Hyundai Verna Hyundai Elite Honda CB Shine
Honda DIO Honda Activa Bajaj Bajaj Pulsar
Bajaj Platina Hero Motor Corp. Passion Pro Hero HF Deluxe
Hero Splendor TVS TVS Apache TVS Jupiter

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Frequently asked questions

Car insurance is a type of insurance policy required to provide protection to your vehicle against any damage which might result into a financial loss. In addition to it, any third party liability which has arisen due to use of your vehicle is covered under car insurance. As per the Motor Vehicle Act, it is mandatory to buy a liability only policy without which one cannot use the vehicle on road.
A comprehensive insurance policy provides protection to your vehicle due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in terms of death, bodily injury and third party property damage.
There are two type of car insurance policies - comprehensive and liability only policy.
As per the Supreme Court directive, with effect from 1st Sept, 2018, every brand new car owner has to buy a long term policy. You may choose from the following long term policies for your prized possession: i. Liability only policy for a policy duration of 3 years. This policy provides coverage against third party liability in terms of death or injury or third party property damage ii. Package policy for a policy duration of 3 years. This policy provides a comprehensive cover to protect your vehicle due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage. iii. Bundled policy for a policy duration of 3 years. This policy provides cover to own damage for one year and 3 years for third party section.
Yes, the Motor Vehicle Act states that every motor vehicle plying on the road has to be insured with a Liability Only policy at the very least.
Zero depreciation is an add-on cover and has to be purchased by paying additional premium. It offers complete coverage to your vehicle without factoring into depreciation. For instance, if your vehicle is badly damaged, then you don’t need to pay for any depreciation amount and will be eligible for full claim amount subject to terms and conditions of the policy. Any excess or deductible as per the policy document has to be borne by you.
Emergency assistance is an add-on cover and has to be purchased by paying additional premium. It has multiple benefits like assistance in case of breakdown, tyre replacement, towing, fuel replacement etc which can be availed during the policy duration. Customers need to call up at the customer care number mentioned on the policy document for availing these benefits.
Quite simply, it's a discount in the Own Damage Premium payable when renewing your policy after a claim-free year. It is an incentive for driving carefully and avoiding accidents.
You can easily renew your expired policy online. You need to download HDFC ERGO Self Inspection application and upload the documents, once the documents are approved by HDFC ERGO, a payment link would be sent and you may make the payment to renew the policy. Once the payment is made, you will receive the policy copy.
No Claim Bonus is valid upto 90 days from the previous policy expiry date. If the policy is not renewed within 90 days, No Claim Bonus will become 0% and no benefit shall be passed on to the renewed policy.
The Insured’s Declared Value (IDV) of the vehicle will be deemed to be the ‘SUM INSURED’ and it will be fixed at the commencement of each policy period for each insured vehicle. The IDV of the vehicle is to be fixed on the basis of the manufacturer’s listed selling price of the brand and the model of the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation (as per schedule specified below). The IDV of the side car(s) and / or accessories, if any, fitted to the vehicle but not included in the manufacturer’s listed selling price of the vehicle is also likewise to be fixed.
No paperwork and physical documentation are required and you will get your policy instantly.
Existing insurance policy can be transferred in the name of buyer by passing an endorsement. Supporting documents like sale deed/form 29/30/NOC of seller/NCB recovery amount shall be required to pass an endorsement under the existing policy. Or You may cancel the existing policy. Supporting documents like sale deed/ form 29/30 shall be required to cancel the policy.
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