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Liberty Car Insurance
Liberty car insurance provides complete protection for your four-wheeler against any unfortunate circumstances that could result in financial loss. The car policy by Liberty General Insurance Limited ensures that you get timely claim assistance whenever your car is involved in a mishap, such as a road accident.
About Liberty General Insurance Company
Liberty General Insurance Company is a joint venture between Liberty Holdings PTE Ltd, Enam Securities and DP Jindal Group. The insurance company started operating in 2013 by providing retail, commercial and industrial insurance solutions.
Liberty General Insurance Company offers various insurance products, including car insurance and more. With a 98% claim settlement ratio, Liberty General Insurance Company aims to become India's most trusted insurance company.
Key Features of Liberty Car Insurance
| Features | Coverage and Benefits |
| Third-Party Coverage | Yes |
| Claim Settlement Ratio | 98% |
| Personal Accident Insurance | Up to Rs.15 Lakhs |
| Network Garages | 4,500 |
| No Claim Bonus | Yes |
| No. of Zero Dep Claims | Unlimited |
| No. of Comprehensive Claims | Unlimited |
Benefits of Liberty Car Insurance
Liberty car insurance offers multiple benefits to its policyholders. They are:
- The Liberty General Insurance Company offers a cashless claim facility at more than 4,500 network garages.
- Involves simple documentation and an easy inspection process
- Portability of No Claim Bonus available for any existing plan from another insurer
- 24x7 helpline available for customer service assistance for all queries and claim processing
Types of Liberty Car Insurance Policy
Liberty General Insurance Company offers three basic types of motor insurance policy. These are:
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Third-Party Liability Only Policy
This Liberty vehicle insurance policy covers a policyholder against third party liabilities, such as third-party injury/death and third party property damage involving the insured car. It helps to fulfil the mandatory requirement of having a third-party insurance cover for every car owner in India. Under this policy, the liability for third party injury or death is unlimited, but third party property damage is only covered up to Rs. 7.5 lakh. However, this policy does not cover damages incurred by the insured car.
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Standalone Own Damage Policy
The Standalone Own Damage policy covers the insured car against damages arising due to unexpected incidents like road accidents, theft, fire, natural calamities, etc. This policy only covers the insured car and can be purchased in addition to the third-party liability-only policy.
For instance, if a policyholder already has a third party liability and wants to cover damages to own car, then he/she can purchase a standalone own-damage policy.
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Comprehensive Car Insurance Policy
The Comprehensive car policy provides coverage against damages to the insured car along with third-party liabilities. This policy compensates the policyholder in case the insured car meets with an unforeseen incident such as an accident, theft, fire, earthquake, riot, etc. Along with covering the insured car, the comprehensive car insurance plan also covers third-party liability, such as third party injury, death or property damage.
The coverage of a comprehensive plan can also be enhanced by purchasing add-on covers offered by the insurance company at an extra premium amount.
Liberty Car Insurance Premium Calculator
A policyholder can also calculate the premium of the four-wheeler insurance plans offered by Liberty General Insurance Company using a Liberty car insurance premium calculator. This calculator is a quick tool to assess whether the car insurance premium fits your budget requirements or not.
Coverage Under Liberty Mahindra Car Insurance
- Fire: Any loss or damage due to fire, lightning, self-ignition or explosion is included.
- Accidents: Any loss or damages to the insured car due to an accident is also covered.
- Burglary: Damages sustained by the insured car due to theft, burglary or housebreaking are covered under the Liberty car insurance plan.
- Manmade Acts: Damages arising due to manmade activities like riots, strikes, terrorist activity or any malicious act..
- Natural Calamities: Damages due to natural disasters like earthquakes, cyclones, floods, inundations, etc.
- Damages Due to Transit: Damages sustained by the insured car whilst in transit by rail, road, air, elevator, lift are included.
- Third-Party Liability: A Liberty car insurance plan also covers third party liabilities such as third party death, injury and property damage.
- Breakdown: Mechanical or electrical breakdown of the insured car is not covered under the Liberty car insurance plan.
- Contractual Liability: Claims where the loss or damage is due to any kind of contractual agreement are excluded.
- Depreciation: Damages due to depreciation, wear & tear over time are also not covered.
- Drunk Driving: Any car damage will not be covered in the event of an accident caused while driving under the influence of intoxicating liquor/drugs.
- Invalid Driving Licence: Claims arising when the vehicle is driven without a valid licence
- Civil War: Damages sustained by the insured car due to war, mutiny, and nuclear hazards are excluded.
- Outside Geographical Location: Losses or damages sustained by the insured car outside the geographical location, as mentioned in policy documents, are not included.
- Unauthorised Use: Any claim arising due to the usage of a vehicle other than agreed or defined is not covered. For instance, using a private car for commercial purposes.
Liberty Car Insurance Add-ons
Roadside Assistance Cover
If the insured vehicle breaks down somewhere on the road, then this cover will provide roadside assistance.
These include minor repairs, arranging emergency fuel, towing of the insured car, and other services.
Passenger Assistance Cover
A Passenger Assistance cover provides coverage for the passengers travelling in the insured car, such as hospital allowance,
medical expenses and medical transport assistance, in case of an accident.
Depreciation Cover
Under the Depreciation cover, the insurance company provides coverage for the
depreciation borne by the insured car, which is excluded by the basic car insurance policy.
Consumables Cover
The consumables add-on covers the cost of replacing
or refilling consumable items, such as grease, oil filter, nuts, bolts, etc., of the insured car.
Gap Value Cover
Under the Gap Value Cover, the policyholder will receive the difference between IDV
and the invoice value of the insured vehicle in case of theft or total loss of the vehicle.
Key Loss Cover
In case the keys of the insured car have been lost, broken or stolen, key replacement add-on cover
will compensate for the cost of repairing or replacing such keys.
Engine Safe Cover
The Engine protection add-on provides coverage to the policyholder
in case the insured car's engine or gearbox has been damaged due to water ingression or lubricant leakage
Loss of Personal Belongings Cover
Under the loss of personal belongings add-on, the insurance company
will provide coverage for the loss or damage to the policyholder's personal belongings in the insured car
No Claim Bonus Protection Cover
An NCB Protection cover will not nullify the No Claim Bonus even if two claims have been made by the policyholder.
Thus, this add-on cover helps in retaining NCB irrespective of claim registration.
Daily Allowance Cover
Under the Daily Allowance cover, the policyholder will receive a daily allowance
for up to 20 days in case the insured car is being repaired at the approved garage.
How to Renew a Liberty Car Insurance Policy?
To renew Liberty car insurance online, you can follow the below-mentioned steps:
Step 1: Visit the official website of Policybazaar Insurance Brokers Private Limited and select 'Car Insurance' from the homepage
Step 1: On Policybazaar.com, select the ‘Car Insurance’ tab from the homepage
Step 2: On the given form, enter your car number and view instant quotes.
Step 3: Enter the required details and view policy prices
Step 4: Select the expiry date of your policy and whether you have made the claim or not
Step 5: Find the Liberty car insurance renewal plan from the given plans. You can also view plan details from here.
Step 6: Select the add-on covers to your plan and proceed forward
Step 7: Enter the No Claim Bonus as per your existing motor insurance policy
Step 8: Fill in the required details and confirm
Step 9: Now select the option of “Summary and Payment”.
Step 10: Once the renewal premium has been verified, make payment via card, UPI or net banking.
Step 11: After successful payment of the premium, your Liberty motor insurance renewal will be complete. You will receive your policy documents at your registered email address.
How to File a Claim Under Liberty Car Insurance?
In the event of an accident, loss or damage of the insured vehicle, you can follow these steps to register a Liberty car insurance online claim:
1
Claim Registration:
Register your claim by intimating the Liberty General Insurance Company about the incident. Once you have intimated the Company, a representative will accept your claim request.
2
Vehicle Survey:
After the claim has been registered, the insurance company will send a surveyor to inspect the damages sustained by the insured car.
3
Documentation:
The surveyor will ask for relevant documents for the claim to be processed. Make sure to keep all the required documents for quick claim settlement.
4
Claim Settlement:
The insurance company will settle the claim with the network garage once your car has been repaired. In case the repair has been done at any non-network garage, then the claim amount shall be remitted directly to the policyholder’s bank account within 7 working days.
Documents Required to Raise a Claim Under Liberty Car Insurance
The documents required to raise a claim under Liberty motor insurance are mentioned below:
- Claim form duly filled and signed
- Copy of Registration Certificate (RC)
- Copy of driving licence with the original for verification
- Police First Information Report (FIR)
- Original repair/replacement bills (in case of reimbursement claim)
- Photographs of the damaged vehicle
- Discharge voucher
Car Insurance for Popular Brands in India
FAQs
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Q1: How to pay my Liberty car insurance premium? What are the modes of payment available?
Ans: The Liberty General Insurance Company Ltd. offers 3 modes of premium payment, namely:
- Cheque payment at the branch
- Credit/Debit Card
- Net banking
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Q2: How can I check the policy status for Liberty car insurance?
Ans: You can contact the nearest branch to check the policy status of your Liberty vehicle insurance. You can also visit Liberty General Insurance Company’s official website or Policybazaar.com to check the status of your motor insurance policy.
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Q3: What is the policy cancellation process for Liberty car insurance?
Ans: If you haven’t raised a claim under your Liberty vehicle insurance plan, you can ask for the cancellation of the policy. All you need to do is call customer care and request a cancellation or just visit the nearest branch office.
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Q4: Does a Liberty car insurance policy offer personal accident cover?
Ans: Yes, a Personal Accident Cover for the owner/driver of Rs. 15 lakh is offered by Liberty General Insurance Company under their four-wheeler insurance plans.
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Q5: How to get a liberty general insurance policy download for my car?
Ans: You can easily download a policy copy of your Liberty car insurance by visiting the insurer’s official website. If you have purchased a policy from us, you can download your policy copy by logging into your Policybazaar.com account.
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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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