Buying a car is on the wish list of most Indians. And since there are different demographics of people involved, the needs and requirements differ vastly. While some need a car to travel from point A to point B, others need a car that can pamper them. Irrespective of what your reason might be, a car is usually open to a lot of potential risks.
These potential risks have the capability of burning a deep hole in your pockets. You do not have to take our words for the same. Relatively regular stuff such as fixing up a damaged bumper or getting the underbody of your car fixed can turn out to be quite expensive. After investing so much money on buying a car, it doesn’t make a lot of sense to pay money for such repairs from your pockets.
The easier solution is then to buy a Bharti AXA car insurance online. A car insurance will not only keep you away from paying hefty repair bills of the bumper or the underbody but a lot of other things as well. You can buy Bharti AXA car insurance in two different flavours, as third-party liability cover or as a comprehensive cover. Each of them caters to different needs and are quite useful.
For starters, a third-party liability cover is the more affordable one of the two. It is a bare bones policy and is the minimum requirement for you to be able to drive your car on the road. The plan offers you immunity against any damages or injuries to third party individuals or properties as a result of an accident.
A comprehensive plan, on the other hand, ensures that you get a third-party liability cover and a lot of other features. With a comprehensive plan, you can also claim for your own damages and most insurers also offer a personal accident cover for the driver of the vehicle. Though you end up paying a slightly higher price as premium, the features pretty much make up for it.
Risks of Bharti AXA Car Insurance
Since you can buy your Bharti AXA car insurance plan in two different forms, the risks that they cover change slightly. Let us see what each one of them has on offer for a potential buyer.
Third Party Liability
In the event of an accident, there are possibilities of damages or injuries to other individuals or properties. In such cases, the insured is taken to be the first party, the insurer as the second party and the person or property at the receiving end as the third party. The liability cover takes care of any such expenses and even legal cover. Another interesting aspect of this cover is that the premiums for the plans are decided by the governing body IRDAI or Insurance Regulatory and Development Authority of India.
In simple terms, a comprehensive plan offers coverage for third parties as well as your own car. As already mentioned, with a comprehensive plan you can claim for your own damages as well. Which you cannot do with a third-party liability cover.
A comprehensive Bharti AXA car insurance offers cover against natural calamities such as typhoon, flood, cyclone, earthquake, landslide etc. Should your car receive any damages due to human actions such as theft, burglary, riots, vandalism etc. the plan cover those as well. Another interesting aspect of a comprehensive plan is that you can opt for riders only with such plans. Riders are additional features and benefits that you can plug into an existing plan by paying an extra premium.
Some insurers offer personal accident cover for the driver of the vehicle as well. Sure enough, a person will end up paying slightly more as premiums for a comprehensive plan but for the additional money you get a lot more cover for the car as well.
Benefits of Bharti AXA Car Insurance
If you are looking for a car insurance policy, there are a lot of insurers to choose from. However, there are certain benefits that some insurers offer that others don’t. When you buy a Bharti AXA car insurance you get access to the following benefits.
- A paperless and hassle-free policy renewal system.
- A claim assistance system that runs 24/7.
- Access to cashless service in over 2500 network garages.
- Bharti AXA has a quick claim settlement process.
- One of the highest incurred claim ratios of 89.09.
- Affordable premiums.
Bharti AXA car insurance is one of the best in the business if you are on the lookout for a car insurance policy.