Car insurance policies offered in India have comprehensive coverage options including third party claims, first party claims and complete protection for damages made due to both natural and man-made calamities. Car manufacturers in India form partnerships with insurance companies to make it easy for a customer to get a package deal on his/her car purchase. The packages include deals on the car and the insurance offered for the car by the insurer. Mumbai, the commercial capital of India is home to a wide number of general insurance companies. These insurers have competitive plans covering third party liability and accidental damages. Customers can avail various offers and deals from the insurance companies on their voluntary deductibles, no claim bonus and other discounts on enhanced security systems added to private cars. Owing to the time constraints that customers in Mumbai face, it is advisable to compare car insurance policies online through the insurance companies’ websites. This makes it very easy and convenient to obtain car insurance in Mumbai as insurers have complete details of their respective car insurance policies on their portals. All a customer has to do is to compare, evaluate and buy the policy immediately. Insurance companies also provide the option of renewing premiums online using credit cards and net banking through their websites.
The Top Insurance Companies Offering Car Insurance Schemes In Mumbai Are As Follows:ICICI Lombard General Insurance –
ICICI Lombard has two branches in Mumbai and offers complete car protection for private cars with multiple add-on benefits.New India Assurance Company –
This insurer has only one Mumbai branch and provides car insurance schemes to suit every type of customer.Reliance General Insurance –
Reliance has three branches in Mumbai, operating to cater to the car insurance needs of private car owners.Tata AIG General Insurance –
Tata AIG provides excellent car insurance policies with multiple benefits, functioning with four branches spread across Mumbai.HDFC ERGO General Insurance –
Customers can avail car insurance for their new and used cars at any of HDFC ERGO’s four branches located in Mumbai.Future Generali India Insurance Company Limited –
Future Generali has a strong presence in Mumbai, with five branch offices located in the city.Bharti AXA General Insurance Company Limited –
Bharti AXA has four branches in and around Mumbai offering car insurance plans with various add-ons.Cholamandalam MS General Insurance Company Ltd -
Cholamandalam MS has the maximum number of branches in Mumbai at nine locations offering comprehensive car insurances plans.National Insurance Company Limited -
National Insurance has three office buildings in Mumbai and provides complete insurance coverage for car owners.Royal Sundaram Alliance Insurance Company Limited –
Royal Sundaram Alliance operates with three branches in Mumbai and offers affordable car insurance packages to customers.
GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017