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Car

While we wish you a smooth journey, it is always best to be prepared - just in case. We’re here to help you with just that.

Insure your car with Paybima
and leave the worries to us

Features

  • Claims Assistance
  • Wide Range of Add-on Covers
  • Personal Instant Insurance Policy

Clarify all doubts related Car Insurance

What is the difference between third party and comprehensive insurance?

Third party insurance is a mandatory cover that insures you against the liability arising from damages caused to a third party. In addition to third party, if you add protection against own damages (OD), that becomes comprehensive insurance. It can also be extended by opting for various Add-ons.

What is a No Claim Bonus (NCB)?

No Claim Bonus is a discount that can be availed during motor policy renewal. The rate of discount is 20% of the Own Damage premium in the first year and increases @5% every year, up to a maximum of 50%. You are eligible for a No Claim Bonus if you have not registered a claim during the entire (previous) policy period. No Claim Bonus is not transferrable to a new owner of the vehicle as it is a reward by the insurer for not claiming in previous years. Hence, in case you purchase a new vehicle, you can use the NCB of the previous vehicle. Some insurance companies in India also offer a No Claim Bonus protection rider.

I plan to purchase a new car. Can I transfer my existing policy to the new one?

Yes, the existing policy is transferable in case you buy a new car. But if the new car is more expensive, the insurance premium will be higher. A small administration fee will also be charged for the policy to be transferred to your new car.

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Registered Office : Mahindra Insurance Brokers Limited ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, behind Mahindra Towers, Worli, Mumbai 400018.
Licenced by IRDAI License No. 261; License Validity : 17-05-2019; Category : Composite Broker; CIN : U65990MH1987PLCO42609
Member of Insurance Brokers Association of India (IBAI) Insurance is the subject matter of solicitation.
Copyright © 2016 Mahindra Insurance Brokers. All Rights Reserved.

Disclaimer: The information displayed on this website is of the insurers with whom our company has an agreement.