In recent years, economic growth has spurred on the development of Kolkata. Like other metropolitan cities in India, Kolkata also struggles with the problem of traffic congestion and accidents, theft and other threats to its on-road vehicles.
Accident rates are on a higher scale in Kolkata. Vehicle collisions on busy roads have become a usual scenario. Accidents are unpredictable and with increasing number of vehicles, accidents have become very regular. Therefore, having car insurance has become very essential.
Major General Insurance Companies That Offer Car Insurance In Kolkata Are:ICICI Lombard
ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited and Canada based Fairfax Financial Holdings Limited. It has 2 branches in Kolkata that offers car insurance.TATA AIG General Insurance
Tata AIG General Insurance Company Limited (Tata AIG General) is a joint venture by the Tata Group and American International Group, Inc. (AIG).There are 2 branches of TATA AIG General Insurance in Kolkata.HDFC ERGO
HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd. and ERGO International AG. It has one branch in Kolkata.Future Generali General Insurance
Future Generali is a private sector insurance provider with its headquarters in Mumbai. The company is a joint venture between Generali Group and Future Group. It has one branch in Kolkata.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 branch in Kolkata.Bajaj Allianz General Insurance
Bajaj Allianz General Insurance Company Limited is a joint venture undertaken by Bajaj Finserv Limited and Allianz SE. It has 2 branches in Kolkata.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 Kolkata.
Customers can also avail online car insurance policies in Kolkata. Online services are hassle free and efficient in terms of time consumed and the procedural simplicity. With a couple of clicks, you can purchase a car insurance policy of your choice, without standing in queues or talking to a horde of representatives, and all the while being cozy at your home or office.
Car Insurance Renewal in Kolkata is a regular procedure. After the maturity of the existing policy, which would normally be a term of 12 months, the insured can renew his/her car insurance either by walking into one of the branches of the company where an agent will assist with the process or as most companies have online portals for renewal of insurance, it can be done online as well. Online renewal is simpler and a more streamlined process.
GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017