The basic review on motor insurance in India

25.04.2011 | Author: leenajacob | Posted in Insurance
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It has been noticed that the number of cars on the streets have been increasing on a daily basis as people today have the money power to buy this luxury. Everybody uses these cars to go from one place to another and at time due to the heavy traffic there is ample of opportunity for accidents to occur causing damage to cars, property and even humans. When such things do happen accidentally there are heavy cost that has to be borne by the owners which at times places a huge burden on them, as they are not prepared and ready with the payments. This tension and aggravations normally leads to people obtaining unwanted stress and other health issues permitting them to live a worried life.
Today the law states that every car owner must have Indian car insurance for their safety and the well being of others as well. With regards to private vehicles whether used for domestic, pleasure or social purposes, it is mandatory to have insurance policies taken so that in times of accident when there is cost involved due to damages to them or their cars the expenses will be directly borne by the <a href=”http://www.icicilombard.com” target=”_blank”>insurance</a> company that has covered them. This method leaves everybody happy and stress free knowing that if at all anything does occur then they are taken care of.
As the years progress more cars have been noticed on the streets which have given rise to many insurance companies offering Indian <a href=”http://www.icicilombard.com/app/ilom-en/PersonalProducts/Motor/Four_wheeler.aspx” target=”_blank”>car insurance</a>motor insurance policies. Most of the coverage that are offered by these companies are known to be similar with each other, but there are some bits and pieces which have been added on to the policy to attract customers as a marketing gimmick to be on top of competitors. Today not like the past obtaining an insurance police is not hectic and time consuming, people can easily obtain an online motor policy from the comfort of their homes, offices and even on the move. All they have to do is log on to the internet and search for companies that offer car insurance policies.
Besides the normal benefits that are mandatory, which covers cost for damages to people, cars and property that are involved in the incident, there are various others that are available for customers to grab which could be added on to their normal policy.

It has been noticed that the number of cars on the streets have been increasing on a daily basis as people today have the money power to buy this luxury. Everybody uses these cars to go from one place to another and at time due to the heavy traffic there is ample of opportunity for accidents to occur causing damage to cars, property and even humans. When such things do happen accidentally there are heavy cost that has to be borne by the owners which at times places a huge burden on them, as they are not prepared and ready with the payments. This tension and aggravations normally leads to people obtaining unwanted stress and other health issues permitting them to live a worried life.
Today the law states that every car owner must have Indian car insurance for their safety and the well being of others as well. With regards to private vehicles whether used for domestic, pleasure or social purposes, it is mandatory to have insurance policies taken so that in times of accident when there is cost involved due to damages to them or their cars the expenses will be directly borne by the <a href=”http://www.icicilombard.com” target=”_blank”>insurance</a> company that has covered them. This method leaves everybody happy and stress free knowing that if at all anything does occur then they are taken care of.
As the years progress more cars have been noticed on the streets which have given rise to many insurance companies offering Indian <a href=”http://www.icicilombard.com/app/ilom-en/PersonalProducts/Motor/Four_wheeler.aspx” target=”_blank”>car insurance</a>motor insurance policies. Most of the coverage that are offered by these companies are known to be similar with each other, but there are some bits and pieces which have been added on to the policy to attract customers as a marketing gimmick to be on top of competitors. Today not like the past obtaining an insurance police is not hectic and time consuming, people can easily obtain an online motor policy from the comfort of their homes, offices and even on the move. All they have to do is log on to the internet and search for companies that offer car insurance policies.
Besides the normal benefits that are mandatory, which covers cost for damages to people, cars and property that are involved in the incident, there are various others that are available for customers to grab which could be added on to their normal policy.

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