Noida, an industrial city in the state of Uttar Pradesh is part of the famed NCR (National capital region). Not many are aware of the fact that Noida is an abbreviation for New Okhla Industrial Development Authority.
The city is a renowned hub for the corporates. A significant number of the Indian and multinational companies are headquartered in Noida owing to various sops offered by the govt., its accessibility to qualified manpower and proximity to the national capital. Noida is home to many SEZ’s (Software Economic Zone) and houses an assortment of manufacturing establishments.
The rise in purchasing power has given easy access to people spending on buying cars and other luxury goods. The most sensible way to protect yourself from unforeseen expenditure is to get your car insured. Car insurance provides cover against mishaps and damages arising out an accident. Most importantly, it buys you peace of mind.
Car Insurance in Noida
Leading IRDA regulated general insurance companies render car insurance policies in Noida. Most of these policies can be bought and managed online either directly on the insurer’s web portal or by means of insurance comparison sites which let you customise, compare and buy the best car insurance policy in Noida. It’s advised that you choose the latter as it helps you list down insurers,compare and save money.
Online Car Insurance Policies in Noida
Insurance for car can generally be classified into the following-Comprehensive Plan -
This plan covers the car, occupants and also shields the insured against liability and costs arising out of injury, death or damage to third party.Third party Coverage -
As the name implies, it holds good and only covers damages to a third party that includes injury, death or damage to property. No coverage is offered to self or the insured car.
Indemnifying third party against damages and losses is a statutory requirement. However, we strongly recommend a comprehensive plan as it safeguards against surprising costs and other hassles.
When you’re Buying Online
Buying a car insurance policy in Noida is easy. The checklist below will help you freeze on a suitable policy for your car.
- Extent of third party liability cover
- Personal accident cover and limitations
- Types of damages covered for the car and exceptions
- No claim bonus for subsequent renewals
In addition to the conventional features, you must also lookout for free and paid add-on options like the ones listed below.
- Repair and towing assistance
- Emergency fuel
- Changing flat tyre
- Lockout/lost key assistance
Bajaj Allianz, Bharti AXA, HDFC Ergo, Royal Sundaram are prominent insurers offering car insurance in Noida.Tip:
Before buying insurance for your car online, download the brochure from the insurer and understand the coverage and exclusions. If there is anything that isn’t in line with your expectations, then call the customer service of the insurer to clarify. This helps you to avoid any post purchase disputes.
Eg: Damage caused due to war perils and drunken driving are not part of the coverage.
Most insurance companies offer a free downloadable fine print document on their websites for your kind reference.
GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017