Exam Updated Calendar For The Year Of 2018-19
A car insurance is the policy which covers your car against financial losses that you may face in case of accident or theft of car. You pay a certain amount as a premium to the insurance company to buy this cover, and they agree to pay for accidental damages and theft losses. As per IRDA (Insurance Regulatory and Development Authority), it is mandatory for any vehicle running on Indian roads to be covered under an active car insurance policy.
Car insurance is given to you based on various factors like the brand and model of your car, what kind of driver are you, and your past car insurance history. You may opt only for a third party cover or a comprehensive car policy based on your need.
The comprehensive policy is a package of different types of features (add-ons) like liability cover, accident cover, invoice cover, consumable cover, engine cover etc. All these are discussed in a separate section on our website.