Buy Liberty Videocon Car Insurance
Liberty General Insurance Limited is a joint venture between Videocon and Liberty Mutual Group. Incorporated in India in 2013 caters to car insurance policy for commercial, comprehensive, two-wheeler third party. Liberty Videocon is headquartered in Mumbai with 1200 employees in 58 offices.
Types of Liberty Videocon Car Insurance
Car insurance is the most sought-after insurance product in the Indian market due to the Motor insurance act which makes at least third-party car insurance compulsory to ply in public places. Most people have good knowledge of car insurance in India and are able to compare and decide the premiums before taking a car insurance policy.
A car insurance policy has two main types, namely: - Third-party car insurance and Comprehensive Car insurance. Let us understand each of them to enable us to select the best type of car insurance. These types of car insurance can be opted both for the new car as well as the old car.
1. Third Party Car insurance:
Third party car insurance or “Liability only” car insurance or “Act only” car insurance is the compulsory car insurance in India as per the Motor Vehicles Act. Any party other than the insurance company and the customer of the car is referred to as a third party, hence the name third party car insurance.
The death, disability, and damage to the vehicle or property of the third party are covered under the TP policy of the car insurance. The claim bonus amount in case of Third-party claims would be decided by the honorable courts and direct the insurance companies to settle the claim amount to the third parties on behalf of the car owner. This is the basic type of car insurance policy available in India and is compulsory to be taken for any car to ply in public places.
The premium to be paid under the Third party liability type of insurance policy is decided by the Governing body for insurance, IRDA known as the Insurance Regulatory and Development Authority of India. The car insurance rates in the Third party premium type of car insurance are subject to be revised each year depending on the loss ratio and other factors which are decided by the IRDA.
2. Comprehensive Insurance:
The other type of car insurance policy in India is the “Comprehensive Car Insurance” which includes the Own damage section as well as the Third party section. The Own damage section covers any loss or repairs to the car owned by the insured vehicle due to an insured peril.
The premium to be paid by the customer under the own damage section is decided by the insurance company, unlike the third party insurance premium which is decided by the IRDA. The own-damage premium rates are given by the IRDA and the insurance companies can decide the premium within those rates.
Insurance companies take utmost care while deciding the premium rates for own damage type of car insurance such that too high price may result in failure of the product and too less price might impact the profits of the insurance company.
3. Comprehensive with add-ons:
The other type of car insurance in India is comprehensive car insurance with add-ons such as Zero Depreciation, Consumables, Engine protection, etc. The most common type of add-on opted by the car insurance customer is the Zero Depreciation cover along with the comprehensive car insurance policy.
The “Zero depreciation” car insurance policy is also known as “Nil Depreciation” or “Bumper to Bumper” car insurance in India. This type of car insurance in India can be termed as the total coverage for cars as the zero depreciation add-on enables the insurance companies to pay the complete claim amount without factoring in depreciation. Bumper-to-bumper car insurance is an add-on or rider available under the own damage section of the car insurance policy.
These are all the types of car insurance in India and the customer can choose any type of car insurance depending upon his/her premium paying capacity, requirement, coverage, etc. Car insurance renewal tips: The car insurance renewal quote should contain the extra coverage in the form of add-ons such as Bumper to bumper, insurance declared value, Consumables, etc., at a reasonable premium.
Features of Liberty Videocon insurance
- Over 2500+ partner garages for cashless claim settlement
- Highest claim ratio history with 95%
- Efficient customer service team for all your queries regarding claims.
- Flexible option to transfer the NCB to another carrier
- Round the clock service by 24*7 claim assistance team
Why Choose Liberty Videocon insurance policy
Easy claim process and extensive add-ons to cover your vehicle zero depreciation cover, passenger cover, Roadside Assistance, Engine Protection, Personal Accident cover, Key-lock Replacement, consumables. Additional add-ons are useful for optimum protection of your vehicle. For hassle-free claim settlement with extensive vehicle protection, a Liberty Videocon's motor insurance policy is necessary.
Get Liberty Videocon motor insurance policy online instantly without any documentation process, also, get Future Generali car insurance renewal insurance plan instantly online with 2 easy steps.
Click here for Liberty videocon insurance policy download or get assistance through Liberty Videocon customer care toll-free number.
How to Buy Liberty Videocon Car Insurance Online
Buying car insurance online is a concern, what you see is what you get. One of the best benefits of buying car insurance online is that you can validate your own premiums with different car insurance companies.
You can explore your insurance provider's what they provide and Review Our Portal to look at how we assist our customer's needs through car insurance policy covers. Policybachat leads you to choose the best car insurance policy needs.
- Comprehensive coverage: This Comprehensive coverage includes cover against damages to your own car or damages to a third party person/ property. And if this is not enough it can be customized with your choice of add-on covers, giving you coverage as per your requirement in a cost-effective way. while you secure your car with comprehensive car insurance online in a matter of minutes.
- Third-party Liability Cover: This coverage only protects you against liabilities arising from damage, injury, or total loss to a third party person or property. As established in the Motor Vehicles Act 1987, this is a mandatory cover approved by the government and it is a punishable offense to not have a valid third-party liabilities cover.
- Stand Alone Own Damage cover: If your car already has third-party coverage? Well, then the stand-alone own damage cover is the perfect missing cover that helps you against financial losses arising to the car owner driver due to damage to the car.
- Coverage for Popular Car Brands: Bought a newly brand car? Then this cover offers 1-year coverage against damage to your own car along with a 3 year cover against damages to a third party person/ property.
- No Claim Bonus(NCB): No Claim Bonus can be gathered together as a discount on the premium amount over years. NCB discount ranges from 20% to 50% on the own damage premium. No Claim Bonus (NCB) can be claimed even if someone changes its vehicle, as it is transferable to the new vehicle bought by the policyholder.
Benefits of Liberty Videocon Car Insurance Online
There are many ways to get car insurance but buying car insurance online has benefits that help customers feel free to purchase it for their needs.
Let us see what are the benefits of car insurance online:-
- Zero Paperwork: A car insurance policy purchased online involves Zero paperwork. To begin with, the proposal form is filled digitally and the scanned copy of any required documents is submitted to the insurer online. Moreover, the soft copy of the policy document is sent to your registered email id once the policy has been issued to you. As a result, online purchase of car insurance does not require any filling because everything is done digitally by entering the details easily.
More Economical and Convenient: Buying car insurance online is more economical than buying it offline. When a car insurance company operates online, its overall cost reduces. Car owners buy the policy online themselves which eliminates the need for an insurance agent to enroll customers.
You can simply apply for car insurance any time of the day as the internet is at your needs all the time. Moreover, you can also pay the premium online using your bank cards or internet banking.
- Instant Policy Issuance & faster process: When you buy a car insurance policy online, your policy is issued to you almost instantly. You don't have to wait for days to receive your policy document. All you need to do is fill up a few basic details about your private car and your contact details from the comforts of your home and you can get your policy in no time.
- Quotes Comparison: One of the best things about buying car insurance online is that you can compare different car insurance quotes online for free of cost with PolicyBachat. Compare quotes with different insurers and buy car insurance policies online.
How to compare Liberty Videocon insurance cost
Before buying a Liberty Videocon insurance premium, get multiple Liberty Videocon insurance quotes from different insurers to conclude the best policy. Make your research in finding the right policy online using registration numbers. Compare Liberty Videocon insurance prices online with the benefits insurer caters, PolicyBachat is the right platform to get the best insurance for Liberty Videocon, crosscheck the premium amount with features and confirm your policy.
PolicyBachat registered corporate office provides insurance products and services. The trade logo displayed above belongs to liberty mutual Insurance Web Aggregators private insurance limited under license.
Visit PolicyBachat and get the best car insurance, two wheeler insurance, etc quotes from the top general insurance companies and you can also check the details on risk factors terms conditions, and please read the sales brochure carefully before concluding a sale. Need Help? call Policy Bachat at 1800-123-4006 or 1800-123-4003 and our insurance specialist will be there to assist you.