Car Insurance Pay Your Policy


-> What sort of policy should I choose

The main policy types to consider are the third party, fire and theft and comprehensive. Consider the pros and cons of each and choose the appropriate cover for your needs.

-> How is the premium calculated

The premium is calculated basis the Make/Model of your vehicle, its Age, Place of Registration, Fuel Type and Insured Declared Value (IDV).
The premium is also subject to certain deductions based on the Insured’s Age and Occupation and the No Claim Bonus earned by the Insured during the policy period. You will need to submit documents or particulars to avail of these discounts. In case you want extended coverage – for Personal Accident, Electrical / Non-Electrical Accessories, etc. – you may have to pay an additional premium for the same.

-> Are there any special exclusions under the Motor Policy

Following are not covered in the Motor Policy:-

  • Wear & tear
  • Mechanical or Electrical Breakdown, failure
  • Depreciation, any consequential loss
  • Driving under the influence of Liquor or Drugs
  • Loss or damage attributable to War, mutiny, nuclear risks
  • Any contractual liability

-> What is a premium bearing endorsement in Car Insurance Policy

A premium bearing endorsement is an endorsement for which additional premium is charged. For example, Transfer of ownership, Addition of LPG/ CNG kit, Change of RTO location, etc