You can save 20% on car insurance premium if you buy Pay As You Drive; who should opt for it?
The ‘Pay As You Drive’ insurance product is a comprehensive own damage (OD) plus third party (TP) policy. There are two basic types of ‘Pay As You Drive’ policies — one is based on the kilometers driven and the other is the number of days the insurance policy is on, said experts. Who should opt for ‘Pay As You Drive’ insurance? ET Wealth Online explains
Automatic v/s Manual: Here’s how gear operation affects car insurance premium
The manufacturer, model, and attributes of the car are some other criteria that affect the cost of auto insurance.
Long-term Third-Party, Own Damage motor insurance cover proposed: Know proposed features, price, premium
In order to allow the policyholders a wider choice, IRDAI has proposed to permit all general Insurers to offer long-term motor insurance policies — a) 3-year in respect of private cars co-terminus with motor Third Party Liability cover, b)5-year in respect of two-wheelers co-terminus with motor Third Party Liability cover.
New switch on and off motor insurance add-on offers cashback: Will you get in case of claim?
If the app remains inactive or is switched off for a continuous period of 24 hours, the customer will earn one day as a reward. However, in the event of a claim, reward days and cashback will not be applicable
Motor floater insurance policy: 5 things to know
The motor floater insurance plan provides own damage cover, third party cover and the no-claim benefit.
Latest third-party insurance premiums for cars, bikes as fixed by IRDAI
According to the Motor Vehicles Act of 1988, anyone who owns or operates a motor vehicle in India must have third-party insurance coverage.
Digit’s ‘pay as you drive’ cover is 1st in industry
Customers can complete the entire process within five minutes using video pre-inspection and get the policy in less than 30 minutes.
Should you take car insurance linked to distance, driving style?
Pay-as-you-drive policies allow buyers to set a mileage limit for their car and offer them discounts over the normal premium. The lower the limit, the bigger the discount over the normal premium. The insurance is valid only up to the limit chosen by the buyer. One insurance company offers three slabs of 7,500 km, 5,000 km and 2,500 km.
Pay premium ‘as you drive, how you drive’
“As a step towards facilitating technology-enabled covers, Irdai has permitted general insurance companies to introduce tech-enabled concepts for the motor own damage (OD) cover,” the Insurance Regulatory and Development Authority of India (Irdai) said in a statement.
Here’s how you can make your car monsoon-ready this season
Car Insurance is must this monsoon for you to avoid any financial damage due to unexpected circumstances
