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Mediclaim Policy Insurance

  • Save up to 80%* Lowest Car Premiums

  • 20+ Insurers To Choose From

  • 25 Lakh+ Vehicles Insured

Quotes from top insurers with lowest premiums in 4 simple steps

If you invest 5 K per month and get 51.9 L tax free on maturity*

Mediclaim Policy Insurance

Car insurance is a type of insurance policy that efficiently takes care of expenses arising from unfortunate events, such as an accident, theft, and any third-party liability. Car insurance is the best way you can protect yourself and your car from financial emergencies, including any legal liability, resulting from physical damage, traffic collision, bodily injury caused to you, your car, or a third party. Various car-insurance-specific terms & conditions are subject to vary with legal regulations in different regions of the country.

As per law, it is mandatory for vehicle owners to buy car insurance for their vehicles plying on Indian roads. With car insurance comparison on PolicyBazaar, you can save money, avail discounts, and find the best plan. Compare various insurance plans online and buy the one that fulfills your insurance expectations hassle-free.

  • Get best plans from top Insurance providers
  • Lowest premium guaranteed
  • Compare and buy instantly

Heath Insurance or motor insurance covers for losses that you might incur if your car gets damaged or stolen. The premium amount of your car insurance is decided on the basis of Insured Declared Value or IDV of the vehicle. If you increase the IDV, the premium rises and if you lower it, the premium reduces. It is important for any policyholder to compare various car insurance options before going for a car insurance renewal or buying a new policy.

  • Coverage against loss or damage to the insured vehicle.
  • Coverage against loss or damage to your vehicle caused by accident, theft, fire, explosion, self-ignition, lightning, riots, strikes or act of terrorism, natural calamities.
  • Coverage against financial liability caused by the injury/death of a third party or damage to the property.
  • Personal accidental insurance cover.

Key Benefits of Car Insurance

Types of Car Insurance in India

There are primarily 2 types of Car Insurance that are available in India -

Third Party Liability Car Insurance

Third Party car insurance provides cover against any legal liability to a third party caused when you are the at-fault driver. It covers damage/injury caused by you to another person/property. A Third Party Liability cover is legally mandatory in India under the Motor Vehicles Act.

Comprehensive Car Insurance

A comprehensive car insurance policy provides coverage for third party liability as well as damages caused to your own car. In comparison with third party liability car insurance, a comprehensive car insurance policy offers extensive coverage, more benefits and covers the damages caused to the insured car in case of an accident, collision, theft, etc. A comprehensive policy can be further extended by opting for add-ons like accessories cover, engine protector, zero depreciation cover, medical expenses, etc. This type of coverage is the most popular as it offers end-to-end coverage and thus less stress for the policyholder.

Looking for car insurance comparison? PolicyBazaar provides you an innovative interface to compare car insurance policies by best car insurers in India. Check out details on each insurer and select the one that suits your needs.

S.no Insurer Third Party Cover Cashless Network Garages Add On Covers Special Features Exceptions
1 Table cell Upto 7.5L for third party property damage 4000 and more Default: Roadside Assistance plan (RSA)*
Key & Lock replacementOptional: Zero Depreciation (ZD)
Engine Protector
PA for Passenger
Electrical and Non Electrical Accessories
RSA and Lock & Key included in all policies by default
Instant Policy Issuance
Receive Instant Claims Assistance and SMS updates on your motor claim status through 24x7 call-centers.
RSA cover available for vehicles upto 15 years old
Lock & Key cover available for vehicles upto 10 years old
ZD and Engine Protector available till 5 years old
2 Table cell Upto 7.5L for third party property damage 2300 and more Zero Depreciation (ZD)
Roadside Assistance plan (RSA)
Consumables
NCB Protector
Hydrostatic Lock Cover
Invoice Cover
PA for Passenger
Receive Instant Claims Assistance updates on your motor claim status through 24x7 call-centers. ZD and RSA plans available for vehicles upto 5 years old
Consumables, NCB Protector and Invoice Cover for upto 2 years old vehicles
3 Table cell Upto 7.5L for third party property damage 6800+ Zero Depreciation (ZD)
Roadside Assistance plan (RSA)
Engine Protector
PA for Passenger
Electrical and Non Electrical Accessories
Unlimited claims for ZD plan in a year!
Occupation and Age discounts available
Comprehensive support through our dedicated customer support team
ZD plan available for vehicles upto 5 years old; require previous insurance also to have ZD Engine Protector is available for vehicles upto 2 years old

IDV (insured declared value) is the maximum amount to be paid by an insurer at the time of a claim if the vehicle is a total loss or stolen. It is the sum insured and is fixed at the commencement of the policy period for each insured vehicle. To know more about IDV