Driving a car on Indian roads requires you to abide by certain rules and conditions. The most important of these is the necessity of carrying your driver license along with your car insurance policy anytime you are driving in any of the cities of India.
Not only is car insurance a mandatory requirement, it is also an extremely helpful document that can offer a range of benefits, in times of unexpected road accidents. With a car insurance policy, you can easily rest assured that you will not incur any heavy financial losses in case of an accident.
Car insurance premiums are decided on the basis of a range of factors, and depending on the number of benefits that you wish to avail. The best car insurance policies in the market also offer a range of add-ons that you can integrate into your policy to make it even more robust. Most insurers also offer a car insurance calculator on their websites so that you can easily calculate the premiums you will be required to pay based on the different options and add-ons that you select.
Read on to learn about the different add-ons available in the market which can help you gain more benefits from your car insurance policy.
- Zero Depreciation Cover:
Depreciation refers to the value loss of a car, owing to its wear and tear over a period of time. Owing to depreciation, vehicles usually lose their value over a period of time and their resale value is significantly lesser than their original purchase price. Additionally, depreciation is also the reason the insured value of your car is lesser over a period of time. With a zero depreciation cover, you can ensure that the claims you raise are covered in line with the original price of the vehicle. - Engine Protector:
Since the engine is the most important part of the vehicle, it is important to safeguard it against any potential damage. An engine can be affected by a range of factors, including floods, or driving conditions on the road. With the engine protector add-on, you can mitigate the financial losses you could have otherwise incurred in getting your engine repaired. - 24×7 Roadside Assistance:
When you are out on the road away from home, it is possible to run into problems that you have no immediate solution for. Your car could end up breaking down in the middle of the road, and you might require your tyres to be changed or for your car to be towed to the nearest garage. With the 24×7 roadside assistance cover, you can ensure that you are never at a loss for assistance if you end up with car trouble in the middle of the road at the dead of night. - No Claim Bonus (NCB):
No claim bonus (NCB) refers to the bonus you accrue by not raising claims for over a period of time. An insurer will offer you the amount as a discount on your premium over the successive year, and this can help reduce your premiums over a period of time.
Car insurance policy add-ons help make your car insurance policy safer and more protective of any situations that may arise. Car insurance policies, available on Finserv MARKETS, offer a range of benefits, including add-ons that help you avoid a range of financial trouble. You can even opt for the 24×7 roadside assistance and ensure that your car is adequately protected at all times.
