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The insurance should cover 3.5 lakh expenditure if any happens to my car. I want to minimise my out of pocket expenditure. Please let me know.
Hi Bhim, thanks for connecting with us. You can find plans and quotes from various insurers on our website by filling in your vehicle's details here: Car Insurance
There are two basic types of insurance policies that you can choose from:
1. Third-party insurance: Covers only the damages to life and property of the other party involved in the accident with your car and is mandatory under the Motor Vehicles Act
2. Comprehensive insurance: Covers theft or damages of your vehicle in addition to third-party coverage (not mandatory but is advisable)
You will also need to purchase a personal accident cover of at least 15 lac as a legally mandatory cover if you do not already have a separate personal accident insurance policy. There are also some important add-ons such as zero depreciation cover, engine protection cover, etc. that you might want to consider for more robust insurance coverage.
