Vehicle Insurance Details



Everyone worked very hard to have a Vehicle so as to enjoy the trips and may be to support the business needs. Vehicle insurance is also known as car insurancemotor insurance or auto insurance. A mishappening can occur anytime leading to heavy losses.  vehicle repaired cost due to damage or replacing it just in case it is stolen can be huge. So it is most important to have a Travel policy cover.

Motor Insurance products provide the added protection for your vehicle. Vehicle insurance provides the following cover.


  • Accident of vehicle
  • damage of vehicle
  • lose of vehicle

Types of vehicle insurance

car insurance

  1. Car insurance
  2. Two-wheeler insurance

Your auto(Vehicle) insurance premium is computed in view of a few factors, for example, –

1. Auto Manufacturer and Model

E.g. Honda City, Ford Eco Sports etc

2. Cubic limit (cc)

E.g. 1497 cc

3. Age of the Car

E.g. 3 Years

4.  Insured Declared Value (IDV)

This is the present market estimation of your auto which is computed in the wake of deducting devaluation.


5. No Claim Bonus (NCB)

NCB is a rebate that you get on your top-notch sum when you have made any cases amid your past approach period. This markdown will continue expanding dynamically for each without claim year until the auto insurance premium is decreased up to half.

6. Assessment

The proper duties that are qualified to be demanded on your premium amount.

(9% CGST and 9% SGST in India)

The most effective method to Save on Car Insurance Policy Premium


Know Your Car’s IDV

The estimation of your auto devalues extra minutes, subsequently, it is critical to know your IDV. A lower IDV pulls in a lower premium.

Claim Your No Claim Bonus

The No Claim Bonus is your legitimate reward for being a dependable driver. Acquire rebates of up to half on your premium year-on-year.

Introduce Security Devices

The more secure your auto, the lower will be the premium. Introducing hostile to burglary gadgets can get you up to 2.5% markdown on your auto insurance premium.

Move toward becoming AAI Member

Turn into an individual from the Automobile Association of India and you can anchor a concession on individual harm premium.

Increment the Voluntary Deductible

A Voluntary deductible is a sum you consent to pay out of your pocket. The higher your intentional deductible, the lesser will be your premium.


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