Why Having Car Insurance Is Important in India?

Insurance policies are generally designed to provide monetary support to the person whoever purchases the policy. Similarly, car insurance policy offers protection against financial damage to the policyholder. Without a car insurance policy, you as the owner of a vehicle will have to put up with the outcome on your own.

Such circumstances could bring an enormous financial loss. Be it a driver of a car, a property owner or even a pedestrian, the law mandates each and every person to be compensated for the loss rightly. This is where car insurance policy comes into the story.

There are basically two types of car insurance policies – third-party liability only car insurance and comprehensive car insurance. As per the Motor Vehicles Act, 1988, third party car insurance is mandatory for a vehicle owner to become eligible to drive it on road.

Inclusions of Third-party Car Insurance

• Under third party car insurance plan, the vehicle owner or driver is covered against the medical expenses you suffer an injury while driving. The maximum limit of this medical treatment coverage used to be Rs. 7.5 lakh but, recently it has been increased to Rs. 15 lakh.
• Covers injuries caused to the third party
• Car insurance offers unlimited coverage against medical treatment of any third party
• Also offers coverage against any legal action taken against you in the event of an accident
• Death compensation is paid to the family of the deceased third-party
• The compensation is calculated on the basis of the income and age of the deceased.
• Compensates against the damage caused to third party property
• A personal accident cover is available with car insurance for the driver or policyholder
• Legal liabilities arising in case of an accident where you are at fault

Inclusions of Comprehensive Car Insurance

• The entire coverage offered under a third party liability only policy is provided under a comprehensive plan
• Covers any loss or damage caused to the insured car in case of an accident i.e. own damage
• Protection against damage due to various manmade calamities such as vandalism, sabotage, riot etc and damage due to various natural calamities like earthquake, storm, flood, landslide etc.
• A theft cover with the policy pays an amount approximately equivalent to the vehicle’s current market value
• You can extend your coverage by purchasing effective Add-ons along with the comprehensive policy.
• Damage due to fire is covered under the car insurance policy

The Importance of Car Insurance Renewal

Once you buy car insurance you can rest assured that you will be financially protected for the specific period of your policy. However, after the policy expires, you will no longer be protected. Hence, you can’t file a claim against your car insurance policy.

To avoid such circumstance you must make sure that your vehicle insurance policy is renewed in a timely manner, in other words, before your motor insurance policy is about to expire. At GIBL.IN you can instantly compare a number of car insurance policies online, and avail the best car insurance policy as per your requirement and save big on the car insurance renewal premium too.

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Steps to Avail the Best Car Insurance at Lower Quotes Online

Everyone wants to avail the best car insurance policy. Car insurance protects you against any unforeseen damages or loss via financial settlement. Driving with a good car insurance plan can be a serious problem. Even though we want the best car insurance policy, most of us do not take the necessary measures in order to avail the best motor insurance plan. There are a number of factors that you must consider if you want to avail the best car insurance plan at lower quotes online.

Nowadays there a number of online insurance portals that lets you buy or renew motor insurance online. But choosing the right one and doing what is necessary to avail the low cost best car insurance plan right after choosing a portal to renew your policy is important. GIBL.IN is one such online insurance marketplace in India that lets you get your hands on a plethora of auto insurance quotes right at the click of your mouse. A number of important steps you must remember and follow in order to avail the best car insurance policy at the lowest quote. Let’s find them out below:

• Check the Company Reputation: You are advised to research a little on the background and reputation of the company from which you are choosing to renew your car insurance. You must compare various insurance providers on the basis of their claims settlement ratio, customer services assistance, broadest cashless network etc. before zeroing in on a particular insurer. This way you will be able to get the best car insurance policy with guaranteed service on demand.
• Compare Car Insurance Online: If you want to avail cheap car insurance with extensive coverage then the comparison is a must. You can use any online insurance comparison portal such as GIBL.IN where you can compare various car insurance policies from the top insurance providers in India. When you compare car insurance, you can see the premium from each company. Car insurance quote comparison online will bring you’re the best car insurance policy online.
• Add-on Covers: Add-on covers, as evident from the name, are additional covers that are not included within your comprehensive car insurance policy. To get the benefits out of add-on covers, you will have to pay an additional premium but this will, however, be worth it. So, go for an insurance provider that has the collection of best add-on covers at the best price.

Apart from the above mentioned, also make sure that the online insurance portal you are using to compare and renew car insurance policy is a reputed one, has all the security regarding online payment and shows quotes on the basis of different IDV’s.

GIBL.IN can help you find your ideal car insurance policy on the basis of your requirements and price. We compare quotes by maintaining a series of important factors so that each of our customers gets the best policy. 

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What Is the Procedure of Buying or Renewing Online Policy with National Insurance Company Limited (NICL)?

When judged from the perspective of offering unique features and benefits, National Insurance offers you instant quotes online on various general insurance policies. NIC also offers all the necessary support to its customers 24x7. The company offers different cost-effective plans with their variety of products. You can buy or renew policies from National Insurance directly through the company website or by using a reputed insurance broking portal such as GIBL.IN

Being the oldest provider in the public sector general insurance solutions, National Insurance Company (NIC) offers a number of unique general insurance products like health insurance, motor insurance, travel insurance, home insurance, corporate insurance and much more. The company lets you renew their products through their official website.

In order to buy any policy from the NICL, you will be required to log into the official website of the company. Thereafter you will be required to choose the type of policy you want to renew. For example, choose health insurance for the purchase of a health insurance plan. In the next step choose the plan you want to buy for yourself or your family. Once you have decided, you can get an instant quote online. However, it’s always advisable to compare the kind of insurance policy you are choosing to purchase from National Insurance Company Limited with other insurers to avail the best policy at a comparatively lower premium rate.

After zeroing on any particular insurance plan, you will be required to pay the premium. You can pay the premium online via credit card, debit card, net banking etc. After the successful payment of your premium, you will be done with the purchase of your National Insurance Policy online. The coverage will start right after the issuance of a policy.

The renewal of the National Insurance policy can be done the same way online. You will be required to do is choose the kind of policy you want to renew. Or, click on the “renewal” option. After that, you will have to enter your policy number. Next, you can get the renewal quote on the type of policy you want to renew. You will be required to enter the necessary details for the completion of the national insurance renewal online. After that, you will have to pay the premium online. You can pay it via credit card, debit card or net banking. After the successful payment of premium on your policy, you will receive the renewal confirmation at your registered mail id. You can also download and save the same for further future use. You will be done with the renewal of National Insurance policy online this way.

It’s, however, advisable that you compare various insurance policies from different insurers with National Insurance online to avail the best coverage at a lower premium. Therefore, make sure you are comparing policies before purchasing one. Renewing or purchasing policies from National Insurance Company will give you widespread protection against various unforeseen events. At GIBL.IN you can instantly buy or renew any National Insurance products with attractive discounts on premium.

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Car Insurance Policy – The Best Way and Most Convenient Way to Protect Your Vehicle

Since car insurance is a legal requirement you have to avail one for driving on Indian roads. Apart from the legal compulsion, car insurance policy offers financial security during an emergency. To provide best protection to your very own vehicle, it is essential to opt for the best car insurance policy. There are scores of car insurance companies in India which make the task of finding the best car insurance in India difficult. That is why it is suggested to compare car insurance online and then choose the best one. GIBL.IN, an online insurance marketplace can help you to choose the best insurance policy.

Coverage of the Best Car Insurance Policy

All car insurance providers in India offer types of coverage - third party liability coverage and comprehensive or package coverage. Liability coverage is essential in India as per the motor vehicle act. Comprehensive car insurance is optional in India, but most car-owners go for it as it offers better coverage.

• Third party liability car insurance policy takes care of liabilities of policyholders to third parties on the road. If your insured vehicle gets involved in any mishap with a third party the coverage comes into effect. This policy offers monetary compensation in case of third party property damage and accidental death and physical injury. The best car insurance policy offers up to Rs. 7.5 Lakhs to compensate third party property damage. In the case of third party death and disablement, the amount of compensation by the third party can be unlimited for the best motor insurance policy.
• The comprehensive car insurance policy not only takes care of liabilities of policyholders but also protects the insured vehicle financially. The coverage of comprehensive four wheeler insurance plans shields insured vehicle from a wide range of manmade and natural calamities. The policy also covers the loss of policyholders in case of theft of the insured vehicle.

Most car insurance providers also come with personal accident coverage worth Rs. 1 Lakh for the owner-rider of the insured bike. This policy provides this coverage in case of death and disablement of policyholders.

Benefits of Availing Car Insurance Online

There are many advantages of buying car insurance online. Let’s take a look at some of the beneficial aspects.

• Legal obligation

You need to have a valid vehicle insurance plan to confirm the fact that you fulfill the legal requirement. Armed with a car insurance policy you can have the peace of mind.

• Financial protection

If you buy four wheeler insurance plans, you don’t have to suffer financial loss due to your liabilities to the third party. With a comprehensive car insurance online plan, you can also cover losses to your insured vehicle.

• Vehicle repair coverage

The coverage of vehicle insurance policy also includes expenses for repairing your damaged vehicles. If you repair your vehicles in time, the resell value of your vehicle will remain higher.

• Cashless service

Armed with an auto insurance policy, you can get your vehicles repaired without having to pay from your pocket. The provider of your concerned insurer has a network of garages that facilitate policyholders with cashless services such as repairs. 

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Why National Insurance Company Is One of the Best General Insurers in India?

National Insurance Company Limited is one of the largest general insurers in India from the public sector. The company has made its presence in smaller towns, rural regions and also in metropolitan cities of India and also in Nepal. The company caters to a staggering 14 million policyholders by coming up with a wide range of general insurance plans. Over 200 types of general insurance plans are available with National Insurance.

Apart from regular insurance plans, National Insurance Company also devises customized and innovative insurance products to meet specialized insurance requirements. Apart from providing for retail customers, this insurer also caters to insurance requirements of various industries by offering fire insurance, marine insurance, and the likes. So far, National Insurance has served many industries in India such as an automobile, telecom, shipping, IT, power, agronomy, health care, education and many more. The Company also provides agriculture and rural businesses with insurance plans. Commercial insurance policies are also available with India’s oldest general insurer.

From a modest premium of Rs. 50 crore, in 1974, National Insurance Company’s premium income rose to Rs. 90 billion in 2012-13. This financial strength of the company is also reflected in many ratings. Crisil, a subsidiary of Standard and Poor’s rated National Insurance Company Limited AAA rating. The company also received a B++ financial rating and bbb+ issuer credit rating from A.M.Best. These ratings confirm the company’s consistent investment performance and strong capitalization which is adjusted to risks and also the robust presence of National Insurance in India’s insurance market. At present, HCL technologies take care of National Insurance Company’s IT requirements since a deal signed between these two companies in 2008. Economic Times recognized National Insurance as a premium brand and awarded a Symbol of Excellence certificate at a ceremony in Mumbai.

So, in every possible way you can consider National Insurance Company is one of the best general insurance companies in India.

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You Need to Know Everything about Car Insurance Policy

If you own a car, you ought to have a car insurance policy to drive on Indian roads legally. Apart from legal compulsion, it is necessary to have a car insurance policy. An efficient motor insurance policy offers financial protection during an emergency. It offers coverage in the event of third party death and property damage of the third party. So you should not avoid the necessity of car insurance policy.

Key Features of Car Insurance Policy

• The best car insurance plans in India are customized on the basis of the profile of the owner
• If you buy a car insurance policy online between 25 and 55 years, some of the insurers offer discounts and you can avail discounts.
• If you buy and renew car insurance policy without any break you are eligible for an additional discount.
• With the advent of the internet, now you can buy and renew car insurance policy online.

Coverage of Car Insurance Policy

• Car insurance policy offers coverage against Third Party Liability as mandated by the Motor Vehicles Act in India
• It covers property loss, injury, and death of third-party.
• Motor insurance policy also covers damages to the vehicle of the policyholders from a range of natural calamities and man-made disasters in India
• It covers natural calamities like Lightning, flood, frost, earthquake, typhoon, storm, cyclone, hailstorm, landslide, and rockslide.
• The plan covers man-made disasters like Burglary, riot, theft, strike, terrorist activity, and malicious act.
• Four wheeler insurance online plans cover any damage in transit in India.
• It also covers individual owners from a personal accident by providing coverage
• You can also buy personal accident coverage with higher limits.

Additional Features of Car Insurance

• Car insurance plans online in India offer NCB or No Claim Bonus for not making any claim during a particular policy year.
• With each claim-free year, amount of NCB keeps increasing up to a maximum of 50%.
• To avail NCB, car insurance policy renewal needs to done within 90 days after expiry.
• The best car insurance provider allows transfer of accumulated NCB to a different provider.

Exclusions of Car Insurance Policy

• It doesn’t cover losses caused to the insured vehicle if the losses are caused by reasons excluded by the policy.
• Car insurance policy doesn’t cover damages due to wear and tear.
• It doesn’t cover damages due to general aging of the vehicle.
• Depreciation and other consequential losses are excluded from the policy.
• It doesn’t cover damages due to electrical or mechanical breakdown.
• Car insurance online plans don’t cover a war, nuclear risk, mutiny.
• If the vehicle is driven without a valid license in India, then in the event of any damages, car insurance policy doesn’t provide coverage.
• Four wheeler insurance policy online doesn’t cover damages if the vehicle is driven under the influence of liquor or drugs.

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What Is Insured Declared Value (IDV) and Why Does It Matter in Car Insurance?

If you really want to understand the calculation of Car or bike insurance policy premiums, you will have to understand the idea of Insured Declared Value. Repairing, accidents, and breakdown of cars can lead to maximum stress on your financial health. If you want to make sure that you have taken sufficient amount of cover to cope with such situations, you’ll have to understand Insured Declared Value (IDV) of vehicles.

IDV can be taken as the present market price of your vehicle. Insured Declared Value is the maximum Sum Insured against which a car insurance company would compensate when a claim is filed in case of any loss or damage to your vehicle or theft of your vehicle.

How Is IDV Calculated?

In order to calculate the Insured Declared Value of your vehicle, Auto Insurers generally make use of the following factors. Thereafter, they adjust it with standard depreciation rates as prescribed under the Indian Motor Tariff Act.

• City where your car is registered as per the registration certificate of your vehicle.
• The date of the first purchase or registration mentioned on the registration certificate.
• Registration details of the vehicle
• Details of Car manufacturing company and model of car
• Cubic Capacity (CC) of the car
• Registration type i.e. if it is privately owned or company owned vehicle.
• Vehicle Description
• The ex-showroom price of the vehicle

Insured Declared Value Calculation Formula

IDV = (Manufacturer’s Listed Vehicle Price – Depreciation) + (Accessories that not included in Listed Price – Depreciation)

What Is the Relation Between Insured Declared Value and Car Insurance Premium?

You should know that the Vehicle Insurance premium is directly proportional to the Insured Declared Value (IDV). Therefore, as your vehicle ages, the premium for the vehicle goes down and so does the IDV. As per the Insurance Regulatory and Development Authority of India (IRDAI), the highest declared value for the vehicle can only be 95% of its showroom price. Therefore, just 7 months after buying, the market value of your car depreciates by 5%.

A Number of Things to Consider While Calculating IDV

The Insured Declared Value of a vehicle can be in a number of ranges depending on the ex-showroom cost taken by the insurance provider. Being the owner of a vehicle if you do not know the correct Insured Declared Value (IDV) of your vehicle then it could result in you getting insufficient compensation.

It’s very important that you do not understate the IDV of your vehicle even though you might pay a lower premium. But at the same time, you would get a depleted motor insurance cover.

You should also not overstate the IDV of the vehicle under the idea that the auto insurance claim value will increase. A higher Insured Declared Value will not guarantee you a higher price when you are selling it. Motor insurance claims are settled not only on the basis of IDV but also on the basis of the type of loss.

If you are looking for the car insurance policy that suits your coverage options, requirements, and budget, you can find it effortlessly at GIBL.IN, India’s fastest growing insurance marketplace. More information Click Here

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Why to Buy Car Insurance Online in India?

Car insurance is an essential requirement nowadays for the protection of your vehicle against any unforeseen circumstance such as an accident. To talk about the present, there are a number of car insurance companies in India and all of them offer different policies at different premiums. The best car insurance companies offer the best coverage at the lowest premium.

Buying a car insurance policy doesn’t put down n end to all your work in terms of protecting your vehicle. You must also make sure that your car insurance is renewed on time without any delay or failure which may have serious consequences. Almost all car insurance companies nowadays offer their policies online. All you will have to do is just visit the official website of the company and you will be done with the renewal at the click of your mouse.

Still, most of us don’t consider the online car renewal option. Most of the people think it’s hard, complex and costly while in reality, it’s totally opposite. There are more benefits of an online car insurance renewal than one can state. When you renew car insurance online, not only does it save your time but it can also help you save big on the premium.

You can renew your car insurance policy only as per your convenience, on the basis of your free time. You don’t have to go from one insurance agent to another in order to secure your vehicle with the best motor insurance plan. All you will have to do is just visit the official website of your preferred insurer and pay the premium online and you will be done with the online car insurance renewal.

Apart from this, online car insurance renewal brings you the freedom to renew your policy from the insurer you choose. There are a number of online insurance broking portals such as GIBL.IN, which does the job of providing you the best car insurance quotes from top motor insurers at the click of your mouse, instantly. You can also compare these car insurance quotes and go for the one that you think is best and suitable for your vehicle.

Online car insurance basically minimizes you the stress of car insurance renewal online. Given that it allows you to renew your car insurance policy at any given time of the day or night, you can have the privilege of renewal on your comfort.

With the online renewal of car insurance, you can be eligible to avail attractive discount on premium. Apart from that, you can also grasp some ideas regarding any motor insurer of motor insurance plans by checking out the helpful reviews. Online car insurance, in short, makes all the process of vehicle insurance renewal a lot easier, simpler, transparent and hassle-free.

GIBL.IN can help you find your ideal car insurance policy at the time of renewal and that too at the budget that suits your pocket. You can also avail striking discounts on the car insurance renewal premiums from different insurers in India.

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Things to Remember While Buying Car Insurance

Most of the people of India have cars so during any mishap like accidents, riots etc., it is practical to have a car insurance policy beforehand. As there are ample of car insurers, so choosing the right car insurance becomes an important task. Therefore, here are a few things we should remember while purchasing the best car insurance policy.

Knowing what your car insurance policy covers – It is better to know what your car insurance policy covers. Sometimes cheap car insurance policies will cover the most common issues like car theft or road accidents. But it does not cover any other additional features. Hence, first, you should evaluate and then select the one.

Getting add-ons are important – Getting add-ons are important as it constantly offers features for multiple damages in addition to the commonly happening accidents and thefts. So while choosing any car insurance policy, you should choose some add-on covers as per your requirements.

Third party insurance is important – It is important to have third-party insurance as your car insurance under the Indian Road Safety Act and Indian Motor Vehicles Act. It can be obtained from the car dealer you are buying the car from. You have to give premium costs for that. It will offer protective coverage only to a third person involved in the accident or on the vehicle or damaged property. You cannot seek a claim for either yourself or your car.

You should not annul the car insurance while car customization – Customizing car like changing engine do not come under a car insurance policy. So, car insurance quotes that minimum of car customization can be done but to a lesser extent.

Check the car insurance provider has a good record settling claims –It is better to look at the performance of the car insurance provider too. The provider should have a good record in settling claims otherwise after paying a handsome amount for premiums your claim may get turned down or take a long time to receive the claim. There, you should go for such insurer that has an attractive claim settlement ratio.

After sales service – Customer care service of the provider is very important and is a deciding factor when buying car insurance. The provider should have all-time support offered by them to the customers and multiple ways to reach them when in need. For this, you also need to ask different policyholders, the people who have already taken car insurance. They will be able to give a hint about which is efficient and which is not.

Cashless insurance – It is not practical at all times to pay the bills of damage in cash. Cashless insurance facility is always convenient and good to go.

Best car insurance cover for yourself – Compare different car insurance policies from different policy providers that suits your requirements. There will be a price difference but take the one that will be best for you. In such a case, you can take help from GIBL.IN, an online insurance broking marketplace and 32+ renowned insurers are associated with this portal. You can get ample of options to choose from.

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Way of Choosing the Best Car Insurance Policy in India

If you have a car, then definitely you need to purchase a car insurance policy. Four wheeler insurance is not a luxury; it is a legal requirement in India. Ample of car insurance policies are on offer in India. So it is indeed a daunting task to pick up the right car insurance plan in India. So while purchasing any car insurance policies, you have to compare with car insurance quotes available online and then choose the best one. In recent times, online car insurance policies are highly sought-after as these policies are much easier to buy and renew. Here we will discuss step by step methods of choosing the best car insurance policy

Car Insurance Policies in India

There are many car insurance companies and they offer two types of car insurance policies. Let’s take a look at these two types of online car insurance policies available in India.

• Third Party Plan: It is a mandatory car insurance plan with liability coverage. This plan keeps car-owners in India financially protected by taking care of their liabilities to third parties. Liability only car insurance policies offer financial compensation in case of third party property damage, death and accidental physical injuries of third parties as a result of any mishap.
• Comprehensive Plan: Even though, this type of coverage is optional, most car-owners in India consider this type of car insurance policies as the best car insurance plans. These car insurance policies keep the insured car of policyholders protected. It covers financial losses of car-owners due to theft and damages to the insured vehicle. Best car insurance plans with comprehensive coverage offer protection against a wide range of natural and manmade calamities that include flood, earthquake, storm, lightning, riot, strike. A comprehensive car insurance plan also covers financial losses due to theft and burglary. So it is always suggested to go for a comprehensive motor insurance plan.

Best Car Insurers in India

After selecting the coverage for vehicle insurance, now it is the time to choose the best car insurers in India. Car insurance plans in India on offer from various providers are more or less the same. Therefore, you ought to check the performance of car insurance companies and services to their customers. Here are the key factors that determine the quality and reliability of a car insurance company in India.

Customer Support: Most motor insurers provide 24×7 online customer support. So, you should look for a company with a unique offering for customers.

Cashless garage network: Many insurers facilitate customers with a cashless facility when it comes to repairing or replacing damaged car parts and come with an extensive network of a cashless garage. You should select an insurer with maximum cashless garages in the network

Claim Settlement: Your car insurance policy will be of no use if your claim does not get approved. Therefore, you should resort to a motor insurance company that boasts the best claim settlement record in India as your claim approval chance will be highest with that provider.

Apart from all these, while purchasing the best policy you should compare car insurance online quote and then choose the best one. GIBL.IN an online insurance marketplace can give you this opportunity to choose the best car insurance policy in India.

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What's the Best Car Insurance Company in India?

Ever since the general insurance business was legalized in India, a number of companies offering such policies have established themselves as key players in terms of offering different car insurance plans. If you already own a car then you probably know about the third party car insurance which is mandatory by law and the comprehensive car insurance which is optional.

To state my answer in a straight line from the point of view of a reader and an asker, I’d like to tell you very frankly that there’s no such thing as the best car insurance company in India folks! What I really want you to understand is that the insurance companies are here for business so definitely they will make sure that they get the best out of the investment by selling a car insurance policy to an individual.

However, you can differentiate various car insurance companies as good or bad on the basis of the coverage type they are offering under a specific premium. For this, you will have to do a little research, invest in a little time from your schedule, act smartly and you will find out by yourself which is the best car insurance company in India.

• You will have to dig deep into the car insurance claim settlement ratio history of any particular auto insurance provider since it’s the most important component in terms of pointing fingers on any particular insurance company as the best car insurance provider in India.
• With that above-mentioned, also make sure you run a background check of all the motor insurance companies of your concern. Find out whether a car insurance provider offers cordial support in case of any difficulties suffered by the customers at any given time of the day or night.
• Last but not the least and maybe it’s the most important factor under which you can dissect the best car insurance company in India. It is comparing car insurance. Yes, I understand that it would such up a lot of time to compare all car insurance companies in India one by one from one door to another door. But, you are forgetting the easiest and simplest way to conduct this: online.

With most of the top car insurance companies having their presence in the online marketplace, it wouldn’t be something impossible. However, you will have to make use of an online insurance comparison portal to compare car insurance on the basis of your requirements.

But there’s a problem with that too. There are multiple online insurance comparison portals in India. So which one should I go for? Well, you don’t have to use all of them since there are some online insurance comparison portals that are biased and only show the quotes from their preferred insurers. From my point of view, GIBL.IN is the best online insurance comparison portal from where you can get the best car insurance plan from the best car insurance company in just a matter of a few minutes.

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Why You Need to Buy or Renew Car Insurance Online?

The sole purpose why you buy car insurance in India is to stay financially protected in case of a mishap. A vehicle insurance plan basically covers the financial losses of the car owners if the vehicle gets stolen or damaged or if the accident leaves the policyholders injured or even dead. If you choose to buy online car insurance you can garner a lot of benefits. Here are the advantages of going for online insurance policies designed for cars.

Fast, Simple and Convenient

If you decide to buy an online car insurance plan, you can save a lot of time because online insurance plans for cars are issued instantly. You can visit the portal of your chosen vehicle insurance provider anytime and from anywhere or you can even buy online insurance for a car on the go using car insurance apps.

Stay Protected without a Break

Since you can buy or renew car insurance online anytime, even if you fail to get your vehicle insurance renewal done during office hours on the last day, you can get it done at night online when brick and mortar offices of car insurance companies close down. When you make the payment online to buy a car insurance plan for your car, the new policy copy will be issued instantly and send to you via email. You can carry the soft copy in your smartphone while driving your car or you can get the print-out and keep a hard-copy of your motor insurance policy in your car.

An abundance of online car insurance plans to choose from

With the increasing penetration of internet in India, most car insurance companies now boast a robust online presence. You can compare car insurance online plans from best car insurance providers in India and finally select the best car insurance for your car online.

How Can GIBL.IN Help You Buy Car Insurance Online?

Being India’s premier online insurance marketplace, GIBL.IN facilitates car owners in India with the easy and fast comparison of online car insurance covers by providing all available online insurance policies for cars on one platform so that they can buy the best car insurance in India for their cars. GIBL offers the following benefits when you buy online insurance for a car or want to get your car insurance renewal done for your car.

• Availability of best car insurance plans available in India at a competitive rate
• Latest information on deals and discounts so that car-owners can save money when they buy online insurance for four wheelers or at the time of their vehicle insurance renewal.
• Scope to compare car insurance online in details by going through the benefits and disadvantages of each motor insurance policy on offer.
• Availability of several different services by motor insurance experts at GIBL.IN such as free consultation for selection of the best car insurance in India, claim support and car insurance renewal reminder service.
• The facility to renew and buy car insurance online instantly.

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Why Online Car Insurance Is the Best Way to Go?

Car insurance plans are mandatory in India as per the Motor Vehicles Act 1988. If you want to buy a car, you have to opt for at least a third party liability car insurance policy online. Liability car insurance plans are obligatory in India; however comprehensive or package car insurance online policies are optional. Let’s understand the difference between these two types of online car insurance plans.

A liability-only car insurance online plan covers liabilities of the policyholders towards third parties on the road. In case the insured car causes death, physical injury or property damage, his/her financial liabilities would be covered by a liability only plan. According to IRDA regulation, online car insurance plans provide up to a maximum of Rs. 7.5 Lacs as monetary compensation in case of third party property damage. A premium of this type of motorcycle insurance is less than the premium of a comprehensive car insurance policy. Liability-Only car insurance online also provides personal accident coverage to the policyholders. The amount of coverage depends on the car insurance provider.

Comprehensive car insurance plans, on the other hand, not only take care of liabilities of the insured to third parties and provide personal accident coverage but also look after the damages to the insured vehicle as well. A wide range of man-made and natural disasters are covered under a comprehensive car insurance plan such as flood, earthquake, riot, strike. Even though, comprehensive car insurance online plans are costlier than liability only motorcycle insurance policy; if you compare car insurance in terms of coverage, a comprehensive online car insurance plan would surely be your preferred option.

With the advent of online insurance for car, buying online car insurance is now very simple. You can now easily buy online car insurance from any portal of motorcycle insurance providers. Similarly, car insurance renewal has become a lot easier too. For online car insurance renewal, you just have to visit the portal of your preferred car insurance online provider and put in some necessary details such as your current vehicle insurance policy number and make an online payment. Once your new car insurance policy will be issued online, your online car insurance renewal process will be completed.

Now that you can avail online insurance for car, it is wiser to compare car insurance online to find out the best motorcycle insurance for your car insurance. You can compare car insurance online in terms of premium, coverage, and exclusion so that you can grab the car insurance online that meets your needs perfectly well within your budget.

Online car insurance plans come with many benefits. You can buy car insurance online policy instantly from anywhere and anytime. Online car insurance renewal is also very simple. You can also compare car insurance online conveniently. To compare car insurance quotes, you can use the portal of GIBL.IN, an online insurance marketplace as 32+ leading car insurers are associated with this portal. All these benefits make car insurance online plans a lucrative proposition for all car vehicle owners in India.

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Top 4 Additional (Add-on) Covers in Car Insurance That You Must Consider

In case you don’t know it already, a comprehensive car insurance plan is the best cover in terms of protecting your vehicle wholly. This is due to the reason that comprehensive car insurance plan covers third-party legal liability claims as well as any damage or loss to your vehicle in the event of an accident. There are some important factors or parts or conditions that are not covered under the comprehensive car insurance plan by any insurer.

However, you can still bring them under coverage by opting for a number of additional covers with your car insurance plan by paying an additional premium. Let’s find out some of the effective add-on covers that you must pay attention to if you are highly concerned of your total protection.

Zero Depreciation Cover

This add-on cover is incredible in terms of the replacement or repair expenses of rubber, plastic, glass and other materials which would otherwise not be covered under your regular car insurance plan.

Engine Protection

Due to the foul monsoons, you can incur destructive outcome as it can leave your car's engine and your lacrimal glands susceptible to flooding. Engine protection add-on cover, therefore, protects the engine of a car in case of any possible damage due to any possible reason.

NCB Protection

NCB Protection add-on cover is significant if you want to continue enjoying a discounted premium on your No Claim Bonus year-after-year, even after filing a claim during the policy period.

Invoice Cover

Invoice Cover add-on is recommended if you want to get as much as the car's on-road price or Insured Declared Value (IDV), in case of total loss such as a theft or a really terrible accident.

It’s always advisable to make sure that the car policy you are purchasing is best in terms of coverage and affordability of premium. GIBL.IN can help you find the best cover for your car and the best add-ons that there is an offer from a number of top motor insurance companies for your car insurance plan.

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How to Switch Car Insurance Companies?

You all know that car insurance is a legal requirement in India and so you have to carry your car insurance policy. If you have been carrying the same four-wheeler insurance policy, you may look to change car insurance providers for various reasons. You might not be pleased with your present car insurance provider or you might be on the lookout for better car insurance deals. Whatever may be the reason for a changeover, if you follow the right steps you can have the best four wheeler insurance policies from a new car insurance provider

Ensure sufficient coverage

While looking for the best motor insurance policy, you should make sure complete protection of your cherished vehicle. You have to keep in mind that even a package car insurance policy does not cover all damages. Hence you should consider a range of car insurance add-on covers such as hydrostatic lock cover, zero depreciation cover, engine protection cover and so on. You may have to pay a little extra premium but you can rest assured that all types of losses are covered.

Premium is not the main factor

When you have already decided to change your current car insurance provider, you ought to compare motor insurance policies. While comparing, you should not only focus on the insurance premium. A low priced car insurance plan might not provide adequate coverage; on the other hand, a motor insurance policy with high premium cost might come with features inappropriate to your needs. Hence, you need to compare vehicle insurance not only on the basis of car insurance premium, but in terms of benefit, coverage, and exclusions as well.

Claim settlement history

One of the leading reasons for changing car insurance provider is the claim settlement record. If you don’t get the desired claim amount of your car insurance policy or the claim is approved too late, then it is quite natural to search such insurer who has quick and hassle-free claim settlement record. As you are all set to change the car insurer, you should ensure that this time around your chosen insurer boasts a high claim settlement ratio.

Cashless network garage

Most car insurance providers in India have an extensive network of cashless garages. You can get your damaged four wheeler parts repaired or replaced from these workshops without having to pay from your pocket. Motor insurance companies usually clear up the bills directly with the garages. When you compare vehicle insurance online you ought to choose the provider with maximum cashless garages so that you do not have to go miles to avail the cashless services.

Apart from these features, you should also go through the customer reviews about different car insurers before settling with a provider finally. GIBL.IN, an insurance broking portal can help you in this regard. You can avail ample options for motor insurance to choose from.

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Significance of Comparing Car Insurance Policy Online in India

It is very much essential to compare the car insurance policies online since it can help you save a considerable amount of money and thereby let you choose a better coverage option. However, the process of comparing motor insurance plans manually could be a daunting job. GIBL.IN makes it quite easy for you to compare a number of auto insurance policies online.

When you compare car insurance quotes at GIBL.IN you can easily save up to 55% on your motor insurance premiums and also get attractive add-ons covers like riders and benefits along with your car insurance plan. You can easily make an informed purchase with car insurance comparison.

Compare motor insurance online with GIBL.IN but before that, know your auto insurance plan properly before buying or renewing. A few things you must keep in mind in terms of online comparison of car insurance.

• Compare the Coverage Option: The coverage of a third party liability policy is different from the comprehensive policy. Third party auto insurance plan only covers third party liability whereas the comprehensive car insurance policy covers both the damages to the vehicle as well as the owner which is known as Personal Accident Cover. So, it is important to ensure and compare this attribute in order to decide the personal accidental cover along with the added coverage, if any is available with the same motor insurance plan.
• Chalk Out the Coverage Requirements: Before you dig into comparing diverse car insurance plans online, first fix the type of coverage you really require. A liability policy is low-priced than the comprehensive car insurance policy but only if you are prepared to negotiate on a number of benefits since the facilities offered by the comprehensive car insurance is undoubted the best.
• Compare the Claim Settlement Ration of the Insurer: Claim settlement is the most vital element of any insurance policy. We all anticipate a hassle-free claim settlement process and simplicity with any auto insurance policy that we basically plan to invest in. Every insurance company in India has its own process. Hence, it is very important to compare the claim settlement procedure of each vehicle insurance plan that is in the list of your preference in order to unearth which insurer would enable you to get a faster claim settlement.
• Compare the Insured Declared Value (IDV): The different rate of Insured Declared Value (IDV) reflects different rates of auto insurance premiums. IDV is the existing value of the car after being adjusted for suitable reduction. The charges of depreciation depend on your vehicle’s age. The older your car the higher would be the depreciation and your IDV would be that lower. And it also impacts the Sum Assured. This is the reason why you must compare the IDV quotes offered by diverse car insurance plans online.

Here at WWW.GIBL.IN you can easily get the best car insurance plan by comparing different motor insurance policies with multiple insurance companies online. Compare car insurance quotes and coverage effortlessly and buy online in your own convenience.

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