Related Articles
Five Reasons Why Car Insurance Is Necessary In India? | Why Insurance of Vehicle is Necessary in India?
.png)
Driving a personal car is considered to be a luxury in a country like India. Only a negligibly small percentage of this heavily populated nation can enjoy this opportunity. Although the percentage may seem to be insignificant, yet the number of car holders is not too small and this number enhances every day. Maintaining a personal car decreases the dependency on public transport and seems to enhance your mobility. You can utilize it according to your personal needs.
However, the driving experience in India possesses its own perils. Essential lack of implementing traffic rules by the authorities, ruing traffic indisciplines, etc. are the order of the day. Road accidents caused due to traffic rule-breaking is a common occurrence here. After carefully considering all these factors, it is essential that you should buy a car plan right after you buy a new four-wheeler. Buying or renewing four-wheeler insurance is just a matter of minutes. You can avail of it and compare insurance online, with just a few clicks on your laptop/smartphone.
5 reasons to buy a car insurance policy :
1.Damage coverage
After buying a car you will realize that not only is the car expensive, its maintenance and repair costs are also quite high. In fact, it becomes higher for more expensive cars. While driving, you may occasionally get your vehicle damaged because of some other person’s negligence. Even if your car is hit by a small ball or stone, it will be damaged to a certain extent, which will need repairs. If you maintain valid four wheeler insurance, you need not have to pay for such damages. The company will bear it.
2.Liability reduction
Maintaining four-wheeler insurance reduces your liabilities to a considerable extent. Maintaining a third-party policy is mandatory in India. It safeguards you from all sorts of legal ramifications that occur during accidental cases that cause damage to the third party. The insurance will pay for their damage and save you from the legal obligations and repercussions. You can compare insurance online to settle for the best deal.
3.Hospitalization costs
Maintaining valid car insurance will save you from hospitalization charges during accidental cases involving your vehicle. We all are aware of the increasing medical costs. In case you are unfortunate enough to get hurt with more than minor cuts and bruises, you need to get hospitalized. Instead of paying it from your own pocket, you can let your insurance company do that.
4.Discounts on online purchase
If you purchase your four-wheeler insurance online, you can avail more rebates and discounts. Moreover, online purchase is easy, user-friendly, fast and hassle-free. Internet transactions lead to cheaper operating costs, because of which the company can offer better discount options for online buyers. You can receive the same benefits at a reduced price. The brokerage costs are also saved. Before you buy any plan, compare insurance online for best interests.
5.Family compensation
In case of the demise of the policyholder due to any road accident, the insurance company will duly compensate the family. Four wheeler insurance online eases out the financial burden of the family to a certain extent. You will ascertain the entire picture if you buy four wheeler insurance online.
Many users think that car insurance is merely an unnecessary financial burden. These points highlight the essentiality of car policy. Moreover, it is mandatory by law. Driving a car without proper insurance papers is punishable by law. So, to avoid these obligations and ensure your safety, you must ideally maintain a car policy.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
Other Motor Insurance Products
Car Insurance
Latest Post
Taxpayers should know more about Section 139(1) of the Income tax act since it is the section under which they have to file their returns if they have missed filing within the due date.
Have you ever caught yourself lost in illusions about your daughter's future events, such as her university convocation and first day at work? Her university convocation. When she embarks upon her initial job after graduation will be the day.
In a country where medical inflation is rising rapidly, securing a comprehensive health coverage plan for the entire family is no longer optional, it is essential. Selecting the right health insurance requires careful evaluation of multiple factors, not just premium costs. A well-chosen plan ensures financial security, access to quality healthcare, and peace of mind during medical emergencies.
Term insurance is an important investment. However, with the availability of so many insurers offering term plans, it becomes difficult to select the best term plan to suit your needs. Buying a term plan needs some consideration and research on the part of the policyholder. In this post, let us discuss the best term insurance providers in India.
.png)
When you sign up for a life insurance policy - whether it’s a traditional term insurance policy or a ULIP – you are not just buying peace of mind. You are also trusting the insurer with your money. So naturally, you would want to know: How is that money being managed? And more importantly, how is it being protected from risky decisions?
Speak to our Advisor
+91
By clicking the button, I authorize Paybima advisor to contact me via SMS, Email, Phone, WhatsApp or any other modes overriding my 'DND'.T&C Apply.