Bangalore, also known as Silicon Valley of India, is an attractive location for a large number of multinational companies to open their offices in. Great job opportunities have converted this city to a preferred choice among IT professionals from all over India. It is India’s 5th largest city and its population density is very high, with everyone owning some mode of transportation of their own - leading to congested streets and alternatively high rate of motor accidents. The crime rate has also gone up, and auto theft and vandalism have become a common occurrence in the city.
Life is unpredictable and the chances of financial and other losses due to accidents and theft are to be considered seriously and protective measures undertaken. In times of need, car insurance proves to be of great help and provides adequate coverage based on the needs of the customer.To meet this need, a number of insurance companies have joined the fray to offer car insurance policies at competitive prices and inclusive of unique features such as :
- Cashless settlement in specified workshops.
- Quick and easy claim settlement.
- Hassle free online car insurance purchase policies.
- Around the clock claims support.
Top Insurance Companies that provide car insurance in Bangalore are:SBI General Insurance
SBI General Insurance Company Limited is a joint venture of the State Bank of India and Insurance Australia Group (IAG). IT has one main branch in BangaloreBajaj Allianz General Insurance
Bajaj Allianz General Insurance Company Limited is a joint venture undertaken by Bajaj Finserv Limited and Allianz SE. It has one office in Bangalore.Bharti AXA General Insurance
Bharti AXA General Insurance Company Ltd is a joint venture between Bharti Enterprises, a prominent Indian business group and AXA, a global leader in financial protection. Bharti AXA General Insurance is amongst the top ranked companies in the Fortune 500 list. It has its headquarters in Bangalore. It has 2 branches in Bangalore.HDFC ERGO
HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd. and ERGO International AG. It has 2 branches in Bangalore.ICICI Lombard
ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited and Canada based Fairfax Financial Holdings Limited. It has 4 branches across Bangalore.Chola MS General Insurance Company Ltd
It is a joint initiative by Murugappa Group and Mitsui Sumitomo, the largest Insurance group in Japan. It has a network of more than 90 branches in the country and around 7,000 agents. In Bangalore, it is represented by a single branch.Car Insurance Renewal in Bangalore
has become uncomplicated with the various companies and agencies that are located in and around the city and through online portals that ensure high level of accessibility, car insurance renewal has become very quick, affordable and efficient.
GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017