Monthly Archives: July 2014

Top 5 Auto Insurance Policies

In India, three main types of Car Insurance are offered:

•Private Car Insurance
•Commercial Vehicle Insurance
•Two Wheeler Insurance

Here is overview of Top 5 Car Insurance Companies in India:

1. ICICI Lombard General Insurance Co. Ltd.

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ICICI Lombard GIC Ltd. is a private player in the insurance industry. It is also the largest insurance company in India (private sector). ICICI Lombard Auto Insurance also boasts of a reputed award for customer and brand loyalty.
Some benefits of this Insurance Company
•Doorstep surveyor facility
•Online purchase on EMIs
•Towing assistance
•Cashless settlement at 2900+ network garages
•Digitally signed online policy

2. Tata AIG General Insurance Co. Ltd.

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Established in the year 2011, Tata AIG General Insurance has managed to win over a decent part of car insurance marketplace owing to its smooth hassle-free claims.
Some benefits of this Insurance Company
•Free car pick up
•Warranty on repairs
•Unique add-ons
•Cashless settlement at network garages
•Claim settlement within 7 days

3. The Oriental Insurance Co. Ltd.

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The company is owned by the Central Government. Rated as the iAAA by ICRA, Oriental Insurance Company is one of the best companies offering car insurance in India. The brand swanks the most reputed awards in the industry including the prestigious ‘best bank and financial institution award’ and ‘best public general insurance award’.

Some benefits of this Insurance Company
•Recognised as one of the most reliable names in car insurance industry
•Valuable add-ons
•High claim settlement ratio in the industry
•Fast claim settlement

4. The New India Assurance Co. Ltd.

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Widely recognised for being the pioneer in initiating highly innovative insurance products, the New India Company for insurance is fully owned by the government of India. Interestingly, it has turned out as the only Indian insurance company to be rated by an international rating agency.

Some benefits of this Insurance Company

•The company takes action on claim request within 3 days of application
•Complaint acknowledged within 3 days of receipt
•Grievance resolved within 15 days of receipt
•Surveyor appointed within 48 hours of claim notification
•Claim payment made within 3 days of discharge voucher receipt

5. HDFC ERGO General Insurance Co. Ltd

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The ISO 9001:2008 certified company is known widely for its world class customer oriented approach. HDFC is definitely the top notch brand for buying a car insurance.

Some benefits of this Insurance Company
•Discount on age and profession
•Cashless settlement at 1600+ network garages
•Nil documentation
•Fast claim settlement
•Dedicated customer support team

Summary:
Car Insurance simply is kind of a relief in cases of accidents or thefts. It can be said that it is an essential task to be done once you bought a car, especially in India. One can easily get car insurance information online, and even can compare different policies through various sites.