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Edelweiss Car Insurance Price List in India

Edelweiss General Insurance Company Limited is one of India's leading mixed financial services assorted. The Edelweiss Group is one of the largest financial services groups in India. Edelweiss provides a broad range of financial products and services, catering to a substantial and differentiated client base, including corporations, institutions, and individuals. From credit to investment and advisory to insurance, Edelweiss has successfully diversified across all financial sectors. They combined with a relentless focus on systems, processes, and the highest governance standards, enable us to deliver quality services to customers. The cost of Edelweiss car insurance varies depending on the type of policy that you choose to buy.

Edelweiss Car Insurance

Edelweiss General Insurance Company is a part of Edelweiss Group, which is a multinational investment and financial services company based in Mumbai, India. The company caters to a wide range of insurance needs of the customers. From car insurance to health insurance, Edelweiss General Insurance has insurance solutions for all such precious things.

Edelweiss car insurance is a comprehensive car insurance plan offered by Edelweiss General Insurance Company. The insurer provides an extensive range of car insurance plans for private cars, commercial vehicles, goods carrying vehicles, liability only, personal accident cover, standalone own damage cover along with add-ons for the same. The company has a claim settlement ratio of 84.52 % and a settled network of more than 1500+ cashless garages that offer priority services.

Types of Edelweiss Car Insurance Policy:

Edelweiss car insurance policy is a comprehensive car insurance policy that provides a wide range of protection to your car and the owner of the car. It has two types of car plans, they are:-

  1. Third Party Private Car Liability Insurance
  2. Third Party + Own Damage Private Car Insurance Liability Insurance

1.) Third party Private Car Liability Insurance:

Edelweiss's third party private car insurance policy covers the legal liability arising out of bodily injury or death of third parties involved in an accident with the insured vehicle. In addition to this, it also covers the third party property damage caused due to an insured four wheeler car. The third party car insurance is mandatory as per the Motor vehicles Act to ply on public roads without which the driver/owner may be fined up to Rs.5000 or imprisonment up to 3 months or both. The third party car insurance premium can be calculated online which includes the personal accident cover to the car owner.

What is covered under Edelweiss Third party Car Insurance?

Compensation is provided for loss or damage caused to other vehicles, people, and property in the event of an accident, Personal accident cover, and third party liability.

  • Loss/damage to the vehicle or its accessories by Fire, explosion, self-ignition or lightning, burglary, theft, by riot and strike; Earthquake (Fire and shock damage); Flood, typhoon, hurricane, storm, cyclone, hailstorm, frost, Accidental external means, Malicious, Terrorist, etc.
  • Third Party Liability covers Death of or bodily injury to any person including tenant carried in the vehicle. Damage to property other than property belonging to the insured or held in trust or the custody or control of the insured up to a limit of Rs. 7.5 lakhs.
  • Personal Accident Covers for bodily injury/death sustained by the owner-driver of the vehicle, in direct connection with the vehicle insured or during the time of driving traveling or in it as a co-passenger, caused by violent, accidental, external, and visible, coverage up to a limit of Rs. 2 lakhs.

What is not covered under Edelweiss Third party Private Car Insurance?

  • Any damage to your car in case of an accident
  • Any injury to passenger travelling in your car if you haven't taken the 'Personal Accident Cover
  • Depreciation or the drop in value, of your car and its parts due to age and wear and tear.

2.) Third party and Own Damage Private Car Liability Insurance:

The comprehensive car insurance from Edelweiss includes the Own damage section as well as the Third party section. Own damage section covers the loss or damage to the four wheeler car due to an insured peril such as Fire, Theft, Act of God, Malicious damage, etc., acting at the time of damage. Edelweiss's third party private car insurance policy covers the legal liability arising out of bodily injury or death of third parties involved in an accident with the insured vehicle. In addition to this, it also covers the third party property damage caused due to an insured four wheeler car.

What is covered under Edelweiss Third party and Own Damage Car Insurance?

If you want to drive in a careless, then you should buy third party + own damaged car insurance from Edelweiss car insurance. It covers loss or damage caused to the insured car, the policyholder, and a third-party including a person, car, or property.

  • Third Party Liability covers Death of or bodily injury to any person including tenant carried in the vehicle. Damage to property other than property belonging to the insured or held in trust or the custody or control of the insured up to a limit of Rs. 7.5 lakhs.
  • Personal Accident Covers for bodily injury/death sustained by the owner-driver of the vehicle, in direct connection with the vehicle insured or during the time of driving traveling or in it as a co-passenger, caused by violent, accidental, external, and visible, coverage up to a limit of Rs. 2 lakhs.

What has not been covered under Edelweiss Third party and Own Damage Private Car Insurance?

Third party + Own Damage car Insurance policy, not covers, Depreciation or the drop in value, of your car and its parts due to age and wear and tear, is not covered in this type of Edelweiss car insurance policy.

Edelweiss Car Insurance Add-ons/Riders:

You can enhance your Edelweiss car insurance cover with extra coverage in the form of add-ons or riders on payment of extra premium at the time of policy purchase. The list of add-ons offered by the Edelweiss car insurance policy is mentioned below:

NCB Protection: NCB is the No claim bonus which is offered to auto insurance customers at the time of renewal if there is no claim during the previous policy period. The no-claim bonus is a form of discount offered to the customers for not claiming in the previous policy period.

Return to Invoice Value Protection: Return to Invoice is an add-on option that covers the gap between the insured declared value and the invoice value of your bike along with the registration and other applicable taxes.

Engine Protection: Engine protector provides financial protection to the insured against any repair or loss of the car’s engine due to leakage of lubricant oil or damage to the engine box due to water ingression. If you stay in a low-lying area that has a huge probability of floods during the monsoon season and driving in water-clogged areas also results in malfunction of the engine. Without this add-on, standalone damage to the engine is not covered under your comprehensive car insurance policy.

Key & Lock Protection: Loss or damage to the keys or lock of your car arising out of an insured event, you will be compensated for the cost incurred in fitting or purchasing new lock or keys or replacement of keys of your insured car. Generally, in case of theft or robbery attempt of your car, burglars use duplicate keys to make unauthorized entry into your vehicle which would damage the lockset of your car door. This lockset needs replacement which is covered under the Keys & Locks replacement add-on of Edelweiss car insurance. The cost of purchase or replacement of your car keys would be covered under the Keys &Locks replacement add-on on payment of additional premium at the time of policy purchase.

Consumables Protection: There are certain parts in your four wheeler car such as Engine oil, Gearbox oil, Power steering oil, Coolant, AC oil, Brake oil, Air filter, etc., which are known as Consumable parts. These parts cannot be repaired in case of damage and had to be replaced at the time of claim. The cost of replacement of these parts, in case of an accident, is generally not covered under your comprehensive four wheeler car insurance policy.

Roadside Assistance: We all need a bit of help sometimes! Whenever you face a breakdown of your car on the road, due to an accident, flat tires, malfunctioning battery, or more, with our breakdown assistance add-on, you will have the benefit of getting assistance 24x7.

Personal Belongings: Under this add-on the insured is indemnified for the loss or damage caused to his/her baggage kept in the insured car due to an insured peril. Personal baggage generally includes clothing, toiletries, perfumes, bags, and suitcases, or other daily essentials. Baggage insurance compensates for the loss of baggage due to theft or burglary or due to an accident. However, certain items such as Gold, silver items and other precious metals are not covered in addition to the luxury items such as Laptops, Mobiles, etc.

Depreciation Protection: Depreciation is taken into consideration at the time of claim settlement by the insurance company. As a normal rule, each year 10% or more of the car value would be depreciated depending on the parts which are damaged due to an accident. The depreciation cost is the amount that is deducted from your claim amount due to normal wear and tear caused to your car over some time. This depreciation cost would be given to the customer at the time of claim settlement if the depreciation shield is added to the policy at the time of purchase.

Benefits and Features of Edelweiss Car Insurance Policy:

Edelweiss Car Insurance comes with a wide range of features and benefits to make your protection complete and comprehensive:

  • Avail wide network of cashless garages service.
  • Add Optional add-ons covers and customize your policy. Select from a list of smart rider options, available for an additional premium.
  • Guaranteed 24*7 customer support for any queries related to the policy and intimation of a claim call: 1800-123-4003.
  • Decision on claims approval within 7 working days from the receipt of all documents.
  • Specific car insurance products are designed to cater to the different needs of policyholders.
  • Cashless claim settlement in over 2,000+ cashless garages
  • Any loss or damage resulting due to an accident or collision with another vehicle, animal, or thing like a building or pillar
  • Any loss or damage that has occurred due to bad weather conditions or natural calamities is also covered
  • Any loss or damage due to external explosion or fire is also covered.

Claim Process of Edelweiss Car Insurance Policy:

Edelweiss has simplified the claim settlement process for their customers. Below is the process of claim settlement with Edelweiss:

Step 1: Are you met with an accident? Call: 1800 12000 and we’ll settle your claim real quick. If not call: 1800-123-4003 for Car Insurance Policy Assistance.

Step 2: You need to submit a few details and documents regarding the vehicle owner and vehicle. By mentioning the basic details such as policy number, date and time of the accident, a brief description of the accident, approximate claim costs, etc. A claim intimation number would be assigned by the Edelweiss claims team which should be quoted for further communications regarding the claim.

Step 3: The next step in the car claim settlement process is to take the car to the nearest garage for repairs. In case of minor damages, the car can be driven to the nearest garage for undertaking repairs, if in case the car is in immovable condition then the towing services can be availed to tow the car to the nearest garage.

Step 4: If minor damages exceed some INR value regarding the policy term the Surveyor would conduct the survey with the Edelweiss general insurance company and the policyholder needs to pay to the company. They will take care of the rest and settle your claim.

Documents Required For Edelweiss Car Insurance Claims:

Documents required for Car Accidental Claims:

  • Registration Certificate copy of the vehicle
  • Driving License
  • Claim Form duly signed by Insured
  • FIR or Police Panchanama copy
  • Repair Estimate
  • Repair bills and payment proof/ Discharge Voucher.
  • Documents required by AML guideline.

Documents required for Car Theft Claims

  • Original Policy Document
  • Claim Form duly signed by Insured
  • Original Registration Certificate, Permit, Fitness, Tax.
  • All original keys/Service Booklet/ Warranty Card/ Original purchase invoice.
  • Police Panchnama/FIR and Final report/non-traceable report.
  • Acknowledged copy of a letter addressed to RTO intimating theft and forming ‘NON-USE’.
  • RTO transfer papers duly signed.
  • Consent towards agreed claim settlement value from yourself and Financier.
  • NOC from the Financier if the claim is to be settled in your favor.
  • Subrogation Letter, Indemnity bond, and Discharge voucher.
  • Documents required by AML guideline.
  • Documents required for Personal Accident & Third Party Claims:

    Personal Accident:
    • Death Certificate
    • Post-mortem report
    • Legal Heir certificate
    • Certificate of Disablement, in case of permanent partial disability
    TP Claims:
  • Insurance Policy copy
  • Claim Form duly signed
  • Police FIR Copy
  • Registration Certificate copy
  • Driving License copy
  • MACT/Legal Notice
  • Claimant details
  • Supporting documents
  • Edelweiss Car Insurance Renewal:

    Renew your existing Edelweiss car insurance online till the vehicle reaches 15 years of age. The Edelweiss Car Insurance renewal process is quite simple which involves the customer entering the policy details and proceeding to the payment page.

    It is important to renew it before the expiry date. Usually, Edelweiss car insurance offers an easy online renewal facility. You easily renew your Edelweiss car insurance policy online in a matter of a few clicks. You can opt out of the features that you don’t want to avail of and save some premium. You can also opt for the benefits that you were missing from your policy.

    • Online Process: You can easily renew your Edelweiss Car Insurance Policy through the official website of the Insurance Company or Logon to PolicyBachat.com.
    • Offline Process: In case you do not want to renew your Edelweiss Car Insurance premium online. You can always visit the nearest branch or contact the branch at 1800 12000. Make sure to keep your policy number and document ready. Next, simply make the payment via cash or cheque and your policy will be renewed.

    Edelweiss Car Insurance FAQs:

    Is NCB offered by Edelweiss Car Insurance?

    Yes, just like all other general insurance companies, Edelweiss Car Insurance also offers an NCB discount on Own Damage premiums. The discount can be up to 50% if no claim is filed for 5 years.

    Is it compulsory to have the Edelweiss Private Car Package Insurance?

    No, having any of the two policies will fulfill the legal compulsion of having an insurance cover for your car.

    What is an endorsement in Edelweiss Car Insurance?

    An endorsement contains all the details regarding any changes made in the policy documents such as the name of the policyholder, registered mobile number, address, etc.

    If I file an Edelweiss car insurance claim, will a surveyor be appointed to check out my insured car?

    Yes, the insurer will appoint a surveyor to examine your car. It is important to keep your Edelweiss car insurance documents handy during the inspection.

    Is it possible to transfer my NCB from my last insurance provider to Edelweiss Car Insurance?

    Yes, you can transfer your NCB when you switch your insurer. To avail of your No-claim-bonus or NCB, it is required to renew your Edelweiss car insurance policy before it expires or within 90 days of the expiry date. Failure to do so will nullify your NCB.

    How long will I be covered under the Edelweiss Car Insurance policy?

    Edelweiss's car insurance policy is valid for a year. The policy commencement and expiry date are mentioned in your policy documents. Also, you don’t need to worry about renewing your Edelweiss car insurance policy as the insurer will send you a reminder in advance so that you can renew your policy within the stipulated time.

    Compare Car Insurance quotes for the Edelweiss car insurance policy on our website. Buy/Renew Edelweiss Car Insurance policy and get discounts offered by the company on our portal, if need Help/Assistance/Insurance advisor Call: 1800-123-4003.

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