The notification proposes the third party premium rates for a broad categories of vehicles. The new rates, once finalised, will come into effect for the financial year 2022-23.
Welcome ! Many of us have ‘n’ number of doubts while selecting the car insurance policy online. The basic point of going online for car insurance is to save time and energy instead of traditional way. Due to the advancements in the technology, face to face human interaction is declining and being replaced by mobiles […]
As discussed briefly above, depreciation cover secures you against depreciation cost excluded by insurers while settling your Car Insurance Claim. Plastic, fiber, glass, and metal parts depreciate over time. Hence attracting a depreciation to the value of the car.
The term roadside assistance is self-explanatory. When linked with bike insurance, it means that the insurance company will offer roadside assistance to the insured bike in exchange for the premium. It is an emergency assistance service provided by the insurer to bike riders whose bikes have faced a breakdown on the road. For example, if you have a Roadside Assistance Add-on in India and your bike stops during the journey due to a technical issue, you can call the insurer and they will arrange for help