Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • Maruti Car Insurance

    Maruti Insurance Broking Private Limited are insurance dealers authorized by the Insurance Regulatory and Development Authority of India (IRDA). They check all your auto insurance requirements on a single window notion and are reputed for their client centric method. The company provides Maruti car insurance products and services from topnotch insurance organizations like National Insurance, Bajaj Allianz, ICICI Lombard, New India Assurance, Iffco-Tokio, and Royal Sundaram.

    • Maruti Car Specials

      Maruti Suzuki Eeco Car Insurance

      Maruti Suzuki designed the Eeco to suit the specific needs of Indian families and the condition of roads in the country. With sliding doors, classy interiors, and ample legroom, Eeco is undeniably a utilitarian car.

      Maruti Suzuki has authorised dealerships throughout India where you can purchase car insurance when buying the Eeco, renew your policy, transfer NCB, enquire about claim settlement, and get endorsements issued. You can also perform these activities online at the website of Maruti Insurance Broking Private Limited.

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    Why Should You Insure Your Maruti Suzuki Car?

    In India, car insurance is mandated by law. Every vehicle on the roads should be equipped with at least a third-party liability insurance policy. If you drive an uninsured vehicle, you could be penalised by the police. So, if you own a Maruti Suzuki car, it is imperative to get an appropriate car insurance policy to protect the vehicle.

    Why Choose Maruti Car Insurance?

    You can claim for almost 100 percent amount you had to shell out for repairs due to motor accidents. With a pan-India network of Maruti Suzuki service centres, Maruti Suzuki service stations are fully equipped with advanced amenities and infrastructure and first-rate mechanics. In short, superior quality with repairs, replacement with original spare parts and service from highly skilled technicians are guaranteed.

    Maruti Insurance also makes sure of outstanding customer care with utmost objectivity and transparency. This is why more than 90 percent buyers of Maruti Suzuki choose to purchase a Maruti Insurance Plan for their vehicle.

    Maruti Car Insurance Partners

    Do you own a Maruti car? Then you are in for a pleasant surprise.

    Maruti Insurance is affiliated with some of country’s premier insurance carriers such as

    • Bajaj Allianz, ICICI Lombard,
    • Iffco Tokio General Insurance
    • National Insurance,
    • New India Assurance
    • Royal Sundaram

    Now you have more flexibility in choosing the covers (personal accident cover, third party liability cover etc.) you want at fabulous discounts.

    Maruti Car Insurance

    Benefits & Features Of Maruti Car Insurance

    1. Repair damages due to accidents almost for free
    2. Any damage caused by accident can be repaired in any of the Maruti Suzuki Service Station in the country. Nearly all the expenses will be borne by the insurance company. You need to pay only the essential extra charges and relevant reduction according to the current motor tariff rates and leave with your car as good as new. The remaining amount can be settled directly between the mechanic and the insurance provider.

    3. Unified services across the country
    4. Similar to ‘Free Roaming Charges’ offered by some mobile companies, you can avail the services of a Maruti Insurance Service Centre anywhere in India. These products and services comprise of getting new auto insurance policy, implementation of renewals, authorization issuance and claim disbursement.

    5. Stress free, objective and transparent settling of claims
    6. Maruti Insurance guarantees you a trouble-free and reasonable claim settlement. Whatever is owed by default, is funded by the insurance firm. The client is not required to bear any unwarranted differential expenses of repair, restoration or replacement. Every transaction is totally transparent. No troubles over individual involvement or following up with inspectors from the insurance company. There shall be no inconvenience of depositing the remainder with insurance company too. There will be no compromise on any of the services offered.

    7. Superior repair work at approved dealer garages
    8. With Maruti Insurance you don’t compromise on the quality of repairs as you are not forced to go to a roadside workshop. The damaged vehicles are repaired at Maruti authorized dealer workshops that are equipped with the best facilities and infrastructure. This ensures quality repairs with Maruti Genuine spare parts and trained technicians.

    9. Free towing facility with dealer assistance
    10. Hauling assistance is given for taking your car to the dealer garage, in case the car is damaged beyond mobility after a mishap. This feature is obtainable free of cost up to INR. 1500. This limit can be augmented at client preference by shelling out additional premium at the time policy was issued.

    11. Instant & easy transfer of no claim bonus
    12. If you wish to renew with Maruti Insurance for the first time and has not filed for a claim in the first year, you are rewarded with a No Claim Bonus (NCB). This amount can be transferred to Maruti Insurance policy premium as you renew your policy.

    13. Prompt issuance of policy
    14. The policyholder does not need to wait for the insurance papers, even if it at times takes weeks to get them transported from the insurance firm. You can download it directly from the official website by entering your policy details.

    Maruti Car Insurance Calculator For Premium

    If you buy an auto insurance policy for your Maruti car through a neutral financial website like BankBazaar, you will receive the assistance of its customer service team at the time of unprecedented events like accidents or theft. You can also determine the premium by using the online Maruti insurance premium calculator tool.

    In order to calculate the premium for your Maruti car insurance, visit the insurance broking website and click on the menu option that leads you to the Maruti insurance premium calculator tool.

    • In the tool, update the make and model of your car, date of purchase/registration, the city of purchase/registration, Insured Declared Value (IDV) of the car, your email address, and mobile number.
    • You will also have to agree to the terms and conditions to receive a quote on your car insurance.

    Good-to-Have Insurance Add-ons For Maruti Suzuki Cars

    If you have bought a comprehensive auto insurance policy for your Maruti car and are looking to enhance its coverage, you can buy add-on covers, i.e., riders, from the insurer. Some of the most popular riders in car insurance are:

    • Zero depreciation cover - Also referred to as nil depreciation cover, this is one of the most widely sold car insurance add-on covers. This rider ensures that the car owner receives almost 100% of the claim amount. He/she will only have to pay a part of the claim that corresponds to deductibles. If the car was  not insured under this rider, the car owner will have to bear the amount corresponding to depreciation on car parts as well. This rider is offered to cars that are less than 3 years old. As the car gets older, the premium for the zero depreciation cover increases.
    • Roadside assistance cover - This add-on enables you to get help if you face an emergency situation involving your car. This includes punctured tyres, empty fuel tank, and the like. You will just have to place a call to the insurance company and you will receive the immediate assistance of a representative of the insurer, irrespective of where you are stranded.
    • Engine protect cover - This add-on cover protects the electronic circuit and the engine of the vehicle. This is particularly useful for cars that are used in areas prone to flooding. Damage to the car’s engine is usually not covered under a comprehensive insurance plan. So, it is advisable to pay additional premium and opt for this cover for your car.
    • No Claim Bonus (NCB) protection cover - This add-on insurance cover preserves the accrued NCB under a policy, even if the policyholder has raised a claim under it.
    • Personal accident cover for the passengers - The comprehensive car insurance plan usually includes personal accident protection for the owner-driver. But this coverage is not extended to passengers. If you go on long drives with your family often, it is advisable to get your family members protected with this add-on cover.

    Maruti Car Insurance Renewal

    You can renew the auto insurance policy of your Maruti car at the official website of Maruti Insurance Broking Private Limited. The online policy renewal facility is hassle-free and convenient. Maruti Insurance also promises that the process is highly secure, as the company employs stringent security measures when dealing with personal information.

    For online policy renewal, you will have to provide the following information on the online form:

    • Your name
    • Mobile number
    • Email ID
    • Car’s registration number

    Once you submit the form, a customer service representative will get in touch with you to guide you through the subsequent processes. In case you need to speak to the customer support centre, you can dial their toll-free number.

    Maruti Car Insurance Endorsements

    A car insurance endorsement is a change or a correction made to the existing policy that can result in an increase in premium. An endorsement is required when there is a change in the car ownership, increase in insurance cover, change in the geographical location, addition of a CNG/LPG kit in the vehicle, removal or addition of accessories, etc. The insurer does not make the changes in the original policy document. Instead, an Endorsement Certificate is added to the policy documentation.

    Endorsements are of two types:

    • Premium bearing endorsements - The changes corresponding to a premium bearing endorsement and the documents required for the same are indicated in the table below:
    Type of change Documents required
    Car ownership transfer
    • Signed Form 29 and Form 30 or endorsed registration certificate (RC)
    • Letter from the buyer and seller
    • A fresh proposal form that the policyholder will have to fill and sign
    • A copy of the original policy
    • Report corresponding to vehicle inspection
    • Premium for endorsement
    Correction of ex-showroom price of the car
    • Request letter from the policyholder
    • Copy of the invoice
    • Endorsement premium, if the premium has increased
    Inclusion of a CNG/LPG kit in the vehicle
    • Request letter from the policyholder
    • Endorsed RC
    • Copy of the invoice for the CNG/LPG kit
    • Report corresponding to vehicle inspection
    • The premium for endorsement
    Increase in the personal accident cover
    • Request letter from the policyholder
    • RC for checking the seating capacity of the car
    • The premium for endorsement
    Installation or removal of an anti-theft device
    • The anti-theft device should be approved by the Automotive Research Association of India (ARAI)
    • Invoice copy of the device
    • Premium for endorsement (This is required only when the device is removed)
    Inclusion or exclusion of electrical accessories
    • Request letter from the policyholder
    • Copy of invoice of the accessories
    • Premium amount for endorsement
    Inclusion or exclusion of non-electrical accessories
    • Request letter from the policyholder
    • Copy of invoice of the accessories
    • Premium amount for endorsement
    Extension of the geographical limit. The geographical area may be altered to include Bhutan, Bangladesh, Nepal, Maldives, Sri Lanka, or Pakistan
    • Request letter from the policyholder
    • Premium amount for endorsement
    If the policyholder takes membership in any recognised automobile association, then this endorsement is required. It is also needed when the policyholder’s existing membership is revoked or expires
    • Request letter from the policyholder
    • Proof of membership
    • Premium amount for endorsement (This is required when the membership ceases to exist)
    Endorsement for participation in rally (Package policies do not usually offer this coverage)
    • Request letter from the policyholder
    • Premium amount for endorsement
    • Non premium bearing endorsements - The changes corresponding to a non premium bearing endorsement and the documents required for the same are indicated in the table below:
    Type of change Documents required
    Registration number correction
    • Request letter from the policyholder
    • Endorsed copy of RC
    Correction in the type of customer (for instance, changing the type of customer from individual to firm)
    • Request letter from the policyholder
    • Copy of RC or invoice
    Correction in the name of the customer, prefix, or corporate name
    • Request letter from the policyholder
    • Copy of RC or invoice
    Correction in the customer’s city, address, or gender
    • Request letter from the policyholder
    • Copy of RC or invoice
    Changes including addition or cancellation in the hire purchase agreement, hypothecation agreement, or lease agreement
    • Request letter from the policyholder
    • NOC/sanction letter from the financial institution
    • Endorsed copy of RC
    Correction made to the details of the nominee Request letter from the policyholder
    Change in the mobile number or other contact details of the policyholder Request letter from the policyholder

    In order to get an endorsement in your Maruti car insurance policy, you can contact Maruti Insurance Broking Private Limited at its toll-free number.

    Maruti Car Insurance Claim Process

    Maruti Insurance ensures that claims raised by customers are taken care of within the shortest timeframe. In the event of cashless claims, the policyholder is only required to pay the compulsory excess and depreciation element, while the insurer settles the rest of the amount directly with the network garage.

    Maruti Insurance proactively follows up with insurers and service stations to ensure that all repair work is done in an expedited manner. Hence, the customer gets a smooth claim settlement experience.

    In order to contact Maruti Insurance for claims, you can call the company’s toll-free number or contact the dealership from where the car was purchased. Alternatively, you can visit the nearest Maruti Suzuki authorised garage for the repair work, and the garage will get in touch with Maruti Insurance.

    The steps involved in a claim settlement process with Maruti Insurance are as detailed below:

    1. The policyholder intimates the claim to the insurance company. The network garage prepares estimates for the repair work.
    2. Surveyor appointment is done, followed by vehicle inspection and loss assessment. After this, the surveyor gives a go-ahead for the repair work.
    3. The workshop will undertake repairs of the vehicle following the approval of the surveyor.
    4. The surveyor will examine the repair work done. Following this, the vehicle will be delivered.
    5. The insurance company will settle the claim based on the surveyor’s report.

    A team of experienced professionals from Maruti Insurance will help the policyholder throughout the claim process. They will offer assistance in filing the claim in the required manner.

    Types Of Auto Insurance You Can Take For Your Maruti Car

    There are two types of motor insurance, and you can opt for any one of these for your Maruti car:

    1. Liability only policy - Also referred to as the third-party liability insurance, this insurance cover is mandated by the Motor Vehicles Act 1988 for all vehicles on Indian roads. This insurance covers the bodily injury or death of a third party in an accident involving the insured car. It also provides coverage for damage to third-party property in the accident.
    2. Comprehensive policy - This insurance covers loss or damage to the insured vehicle. It also offers coverage for bodily injury or death of its owner driver. Additionally, this insurance offers third-party liability cover. A comprehensive car insurance policy is also referred to as a package policy.

    In addition to accident coverage, the own damage (OD) part of the comprehensive car insurance also protects the vehicle against the following:

    1. Lightning, fire, self-ignition, or explosion
    2. Riots, malicious activities, terrorism, strikes, etc.
    3. Theft or burglary
    4. Storms, earthquakes, floods, landslides, etc.

    The exclusions in comprehensive motor insurance are as follows:

    • Mechanical or electrical breakdowns
    • Normal wear and tear of the car
    • Damage to the tyres, unless the car is also damaged
    • Driving the car without a valid driving license
    • Driving under the influence of drugs or alcohol
    • Using the vehicle for illegal activities
    • Using the car outside the geographical limits mentioned in the policy
    • Using the car for hire, carriage of goods, pace making, racing, or speed testing
    • Nuclear perils or war

    What Affects The Premium Of Your Maruti Car Insurance?

    The premium of a Maruti car insurance policy depends on the following factors:

    • Insured Declared value of the car
    • Cubic capacity
    • Geographical zone
    • Age of the car

    You can also opt for add-on covers to amplify the coverage of your auto insurance. Add-on covers will have to be bought by paying extra premium to the insurer.

    How Does The Insurance Company Determine The Sum Insured?

    The sum insured is determined at the inception of the policy. This is also referred to as the Insured Declared Value (IDV) of the vehicle. The IDV is the car manufacturer’s listed selling price of the vehicle minus depreciation based on the car’s age. Some insurers also take into account the accessories in the car to determine its final IDV.

    Tips On Saving Premium For Your Maruti Car Insurance

    If you are looking for a good price on your Maruti car insurance, you should keep certain things in mind before buying a policy:

    • Compare insurance plans online - It is possible to compare insurance plans between providers and identify one that matches your requirements. This is a crucial step that should not be missed when you are looking to buy car insurance.
    • Read the policy wordings - Before buying an insurance plan, you should read through the policy wordings and understand the coverage offered. This is applicable across the board for all insurance plans. Reading through the policy documentation will equip you better to make a judicious decision at the time of purchase.
    • Know the IDV of your vehicle - This step is more relevant when you are looking to renew your existing car insurance policy. The knowledge of the IDV, i.e., the current market value of your car, gives you an idea of the amount you will be required to pay towards its insurance. This helps in negotiating with the insurer to get a better deal on your car insurance premium.
    • Opt for voluntary deductibles - If you consider yourself to be a safe driver, then you should ideally opt for voluntary deductibles at the time of car insurance purchase. This reduces your premium by a significant amount. However, when opting for excesses, make sure that you will be able to pay the chosen deductible amount at the time of a claim.

    NCB On Your Maruti Car Insurance

    No Claim Bonus (NCB) is a benefit offered by an insurance company to a policyholder for not making any claims in a policy year. This benefit can amount to a reduction in premium at the time of car insurance renewal. The amount of NCB a policyholder accrues increases with each passing claim-free year. The maximum NCB that can be accumulated is 50% of the own damage premium of the car insurance.

    How To Apply For A Maruti Insurance Policy Duplicate Copy?

    You can contact the insurance company directly or approach Maruti Insurance Broking Private Limited (if you have taken the policy through them). The customer service representatives will guide you through the process of requesting for a Maruti insurance policy duplicate copy.

    The steps you are usually expected to follow are:

    1. Submit an application to the insurance company, mentioning all relevant details. This includes:
      1. The details of the policyholder, such as name, address, etc.
      2. Details of the policy, such as policy number, date of issue, type of coverage, etc.
      3. Mention the reason for application of duplicate copy.
      4. If the car insurance policy is held by several policyholders jointly, make the application together.
      5. Pay the fee for issuing the duplicate copy.
    2. Publish an advertisement regarding lost policy papers in the local newspaper. Also, share a copy of this advertisement with your insurer.
    3. You should also mandatorily sign an indemnity bond on non-judicial stamp paper. This bond will include the name of the policyholder and the policy number. This indemnity bond should also be signed by two witnesses. Family members cannot be witnesses who sign the bond.

    Maruti Insurance FAQS

    1. What are covered under Maruti Insurance?
    2. Every Maruti car not more than 10 years old are covered.

    3. How can I get my car insured via Maruti Insurance?
    4. Maruti Insurance is accessible through the website of Maruti Insurance Broking Private Limited. You can visit the company’s website or call the toll-free customer care number to get in touch with them.

    5. Is it compulsory to insure my car?
    6. Definitely. According to Motor Vehicle Act, it is mandatory to have an auto into insurance to drive a car in public without a Third Party Insurance with Liability Only cover.

    7. Can my insurance policy be issued for less than one year?
    8. No, Maruti Insurance only provides policies for one full year.

    9. What must I do with the policy after getting the same?
    10. Keep the insurance papers in your car at all times as per the Motor Vehicle Act (1988).

    News About Maruti Car Insurance

    • Launch of Maruti Suzuki Ignis Alpha at an attractive price tag of Rs.7.01 lakh

      Maruti Suzuki India has been working on the two-pedal technology for a while now. The company had introduced the Auto Gear Shift (AGS) technology in the Maruti Dzire and now the Maruti Ignis Alpha will be equipped with it as well. The petrol variant of the Maruti Ignis Alpha will cost you Rs.7.01 lakh (ex-showroom, Delhi), whereas the diesel variant will be priced at Rs.8.08 lakh (ex-showroom, Delhi).

      The company stated that the premium urban compact car, Maruti Ignis, has been developed to target the millennial customers. It also said that the AGS technology has been widely appreciated by customers and it contributes to 27% of the sales of Ignis Delta and Zeta trims. The top trim, Ignis Alpha will also benefit from the AGS technology going forward.

      The two-pedal technology offered by the car maker has been a landmark innovation in the automobile industry as well, making the vehicles equipped with it more fuel efficient and affordable than those with manual transmission.

      The petrol version of the Ignis Alpha has a 1.2 litre engine that develops a maximum power of 81 bhp at 6000 rpm and a peak torque of 113 Nm at 4200 rpm. The diesel variant of the car has a 1.3 litre DDiS 190 unit that generates top power of 74 bhp at 4000 rpm and maximum torque of 190 Nm at 2000 rpm.

      4th August 2017

    • Launch of Maruti Suzuki NEXA premium service centre in Gurugram

      Maruti Suzuki has launched its first NEXA workshop in Gurugram, Haryana. The outlet will introduce improved methods of servicing and vehicle repair. This digital mode of servicing will enhance productivity and offer a new kind of experience to the customer.

      Although the repair work done at the NEXA workshop will be 10% more expensive than that at ordinary service centres, the service time taken will be reduced by around 50%.

      The NEXA chain was launched by Maruti Suzuki in 2015 to provide premium products in plush outlets. The NEXA workshops also aim to offer premium services using cutting-edge technology. These outlets will take on the repair work of Alto, Swift, and WagonR, in addition to NEXA sold cars.

      The company has also launched the My NEXA mobile app using which customers can book appointments and track the health of their cars. The workshops will have spacious viewing lounges from where customers can keep track of the online live feed that provides updates on the vehicle in the service bay.

      Additionally, the service centre will have a diagnostics bay where the health of the vehicle is monitored.

      Maruti Suzuki aims to introduce more NEXA outlets in phases so that there would be around 300 new workshops in India by 2020.

      28th July 2017

    • Maruti Suzuki S-Cross Facelift to be launched during Diwali in India

      Maruti Suzuki S-Cross Facelift was recently seen being tested in India. It is expected to be launched during Diwali of this year. The S-Cross will be sold through Nexa, Maruti's premium dealership outlet. Maruti Suzuki S-Cross will compete with Hyundai Creta and Renault Duster. Consumers can expect cosmetic updates and special features in the 2017 S-Cross facelift. The test vehicle was spotted with sophisticated headlights including daytime running lights and projector lamps. 2017 S-Cross will share stylish features with the global spec model, revealed at the Paris Motor Show last year.

      The updated S-Cross will have large black grille with chrome finish and wraparound headlamps in the front. It also has a new bumper with wide central airdam with circular foglamps on its sides. A new set of alloy wheels distinguishes the 2017 S-Cross from the current model. The dashboard will have a new touchscreen infotainment system, supported by Android Auto with MirrorLink and Apple CarPlay. It will have safety equipment such as dual airbags and standard ISOFIX child seat mounts. The upcoming S-Cross will have 1.3l and 1.6l DDiS engines that churn out 118 bhp and 320 Nm torque. The engine is paired with 6-speed manual transmission.

      24th May 2017

    • Maruti Suzuki: 8.1% rise in March Sales

      Maruti Suzuki saw a rise of 8.1% in total sales for March 2017. The car maker sold 1,39,763 units as opposed to 1,29,345 units in March 2016. Its total sales for 2016-17 FY stood at 15,68,603, indicating a 9.8% increase from 14,29,248 units in the previous year. Maruti Suzuki had its best sales number in 2016-17. While mini segment cars such as the Alto and Wagon R saw a decline in sales in March, the cars in the compact segment such as the Dzire, Estilo, Swift, Baleno, and Ignis saw a rise in sales. The compact sedan Dzire Tour saw a high decline in sales by 63.1% at 1,166 units this March against 3,161 units in the same month of 2016. Nonetheless, Maruti Suzuki’s domestic sales also should a rise of 10.7% this year.

      7th April 2017

    • Maruti Suzuki to Discontinue Dzire Tour

      From October, 2016, Maruti Suzuki had stopped production of the Ritz. Likewise, by March, 2017, it is set to discontinue the Dzire Tour to make way for the all-new updated Dzire. The leading car manufacturer will launch a stripped down version of the Dzire Tour for the fleet segment, while launching an all new update Dzire for the private segment. In 2017, Maruti Suzuki is set to introduce several new models such as the Baleno RS, Swift, Ignis, modernized Wagon R, and the updated S-Cross. In November, the company saw an 8.1% growth in the passenger car market at a sale of 96,767 units.

      3rd January 2017

    • Maruti Suzuki’s Phenomenal Market Stronghold likely to Remain the Same

      India’s largest car manufacturer, Maruti Suzuki, has gained a lot from the sales of its small-sized cars over the past decades. Currently, as India plans to bring in stringent emission and safety regulations, Maruti Suzuki’s small cars, will definitely help the company maintain the leading position in the market. Experts have also observed that heavy commercial vehicles and two wheelers will face a considerable cost impact in the coming years while small size petrol cars will see a minimum cost impact. Also, when compared to Hero Motocorp and Ashok Leyland, MSIL (Maruti Suzuki India Limited) will witness a lower cost impact on a relative basis. After the Primer Minister’s call for stricter auto emission conditions leading to advancement of a resilient Euro VI by 2020, car manufacturers now have to change their product plans and invest in new technologies which will lead to a considerable increase in vehicle prices.

      Irrespective of the class of vehicle that you own, a comprehensive car insurance plan will always come to your rescue! Search for competitive premium rates and compare care insurance policies on BankBazaar.

      19th April 2016

    • Maruti Suzuki S-Cross Will Now Come With a 1.4-litre or 1.0-litre BoosterJet Petrol Engine.

      The Maruti Suzuki S-Cross will soon be launched with a 1.4-litre / 1.0-litre BoosterJet petrol engine in the Indian market. Initially launched only with a diesel engine, the new version will carry the same petrol engine as the Ciaz model. The BoosterJet petrol engine is give a power of 110bhp and a peak torque of 170Nm. Maruti is expecting this new introduction to improve the sales of the S-Cross variant across the country. The newly launched vehicle, Vitara Brezza will also carry the BoosterJet engine. Currently, the S-Cross comes with a 1.3-litre diesel engine or a 1.6-litre diesel engine with a five-speed manual gearbox and a six-speed manual transmission, respectively. Getting a motor insurance policy for the all-new S-Cross model will not be a hassle as there are a plethora of general insurance companies offering different schemes in India.

      6th April 2016

    • Maruti Suzuki to bear 50 percent repair cost for cars damaged in Chennai Floods

      Maruti Suzuki India Limited, headquartered in New Delhi, as a key car insurance intermediary in India, has taken a magnanimous step in doing their bit in helping out the Chennai flood victims. The non-stop heavy rains in Chennai that has toppled normal life, also had prolific impact on car manufacturing firms. Noticing that most of the cars may not have an all-inclusive insurance cover, Maruti Suzuki India Ltd (MSIL) has declared that it would take up to 50 percent of the reparation cost usually not permitted by insurance carriers as depreciation or wear and tear. Since numerous automobiles have been water-logged, it will take some systematic cleaning and polishing the interiors and exteriors to run the car smoothly. And it is here where the MSIL will stomach 50 percent of the expenses. The company is expected to spend over INR 100 million in these relief work. The firm will also organize a service check-up post 60 days. Maruti Suzuki assesses that more than 4000 Maruti vehicles will be in abrupt need of repairing.

      14th December 2015

    GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

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