Maruti Car Insurance

Types Of Motor Insurance for Maruti Car:

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

• 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.
• 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.

Add-ons For Maruti 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:

1. 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.
2. 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.
3. 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.
4. 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.
5. 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:

1. Your name
2. Mobile number
3. Email ID
4. 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 Claim Process:

1. 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. 

1. 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. 

1. 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. 

1. 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. 

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: 

• Publish an advertisement regarding lost policy papers in the local newspaper. Also, share a copy of this advertisement with your insurer. 
• 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. 
• 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. 

NCB On 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.

Benefits of Maruti Car Insurance:

• Repair damages due to accidents almost for freeAny 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.
• Unified services across the countrySimilar 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.
• Stress free, objective and transparent settling of claimsMaruti 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.
• Superior repair work at approved dealer garagesWith 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.
• Free towing facility with dealer assistanceHauling 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.
• Instant & easy transfer of no claim bonus: 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.
• Prompt issuance of policy: 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.

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