According to the Ministry of Road Transport and Highway, road accidents claimed about 1.4 lakh lives in India during the year 2015. The report by the ministry additionally stated that around 5 lakh people suffered injuries on account of the accidents. While efforts are being taken by the government to reduce the risks that people face on the road, as a responsible citizen, you need to ensure that you have adequate protection in place for your vehicle in the form of insurance when you are driving. The Motor Vehicles Act, 1988, states that every vehicle owner must have valid insurance for their two-wheeler and four-wheeler if they want to drive on the Indian roads.
Bharti AXA is one of the trusted insurance companies in the industry you can rely on for your motor insurance needs. Its Smart Drive Private Car Insurance Policy is considered one of the top choice of insurance among many car owners. The premiums are easy on the pocket and the coverage can be tailored to meet your individual needs. The policy covers Own Damage of the insured vehicle and liabilities to third-party in the event of an accident or mishap.
Is Insurance A Necessity Or Luxury?
If you are caught driving without insurance, you can be fined, or worse yet, face some jail time. A car insurance policy protects you from the various risks you face on the road. Without an insurance cover, you may be asked to shell out a considerable sum in compensation or repairs if your vehicle is involved in an accident. Insurance protects you from taking that financial hit when something unfortunate happens.
With Bharti AXA’s Smart Drive Private Car Insurance Policy, you will be covered against the following risks:
Section I – Own Damage: It covers any damage or loss to the owner’s car due to:
- Accident fire
- Theft, Riots & Strikes
- Flood Cyclone
- Inundation Transit by Rail, Road, Air & Elevator
Sum Insured- Insured Declared Value
The vehicle’s IDV is determined on the basis of the manufacturer’s listed selling price of the brand and model and adjusted for the relevant rate of depreciation.
|Age of the vehicle||% of depreciation for fixing IDV|
|Not exceeding 6 months||5%|
|Exceeding 6 months but not exceeding 1 year||15%|
|Exceeding 1 year but not exceeding 2 years||20%|
|Exceeding 2 years but not exceeding 3 years||30%|
|Exceeding 3 years but not exceeding 4 years||40%|
|Exceeding 4 years but not exceeding 5 years||50%|
Section II – Third Party Liability: Having a third-party liability policy is mandatory by law. Bharti AXA’s Smart Drive Private Car Insurance Policy covers the insured’s legal liability in the event of death/disability of third party or damage to third party property.
Section III – Personal Accident Cover: Bharti AXA will pay compensation according to the following scale for death or bodily injury sustained by the vehicle’s owner/driver.
|Nature of injury||Scale of compensation|
|Loss of two limbs or sight of two eyes or one limb and sight of one eye||100%|
|Loss of one limb or sight of one eye||50%|
|Permanent total disablement from injuries other than named above||100%|
Besides all this, you can also include a host of add-on covers to your Bharti AXA car insurance policy if you feel the need to enhance the protection of your four-wheeler. The add-ons available under this plan are:
- Zero-Depreciation cover
- Invoice Price Cover
- Consumables Cover
- Hydrostatic Lock Cover
- No Claim Bonus (NCB) Protector
- Hospital Cash Cover
- Medical Expenses Reimbursement
- Ambulance Charges Cover
- Roadside assistance
- Co-Passenger Cover
- Engine and gearbox cover
Why Prefer Car Insurance from Bharti AXA To Other Insurance Companies?
A good car insurance plan gives you the benefit of simplicity and convenience – and that is exactly what you get when you choose car insurance from Bharti AXA. The whole process of purchasing or renewing the cover is stress free and involves limited documentation. Through Coverfox.com, you can buy or renew policies online at just the click of your mouse from the convenience of your home.
A key factor that makes car insurance from Bharti AXA a preferred choice is its cashless claim facility. Policyholders of car insurance from Bharti AXA can benefit from cashless claims at 2500+ network garages across the country. Another important feature of car insurance from this company is that customers have the option of transferring benefits of their current no-claim bonus from other insurers to Bharti AXA. You can transfer up to 50% of your existing NCB over to Bharti AXA from any other insurance provider. For more information about Bharti AXA’s Smart Drive Private Car Insurance Policy, get in touch with online insurance broker Coverfox by dialling 1800 209 9930.