Motor Insurance — Complete Guide
India mein gaadi chalane ke liye insurance zaroori hai — kam se kam Third Party. Lekin kaunsa plan better hai? Aaiye samjhte hain.
Third Party Insurance (Mandatory)
Yeh legally required hai. Isme:
Tie ke gaadi/insaan ko nuksan — cover hoga
Aapki khud ki gaadi ka nuksan — NOT covered
Premium IRDAI fix karta hai (engine capacity ke basis pe)
Comprehensive Insurance (Recommended)
Isme Third Party + Own Damage dono cover hain:
Aapki gaadi ka nuksan (accident, theft, natural calamity)
Third party liability bhi
Add-ons available: Zero Dep, Engine Cover, RSA, Return to Invoice
Key Terms
IDV (Insured Declared Value): Aapki gaadi ki market value — yeh maximum amount hai jo claim pe milega. IDV sahi set karna bahut important hai.
NCB (No Claim Bonus): Agar saal mein koi claim nahi kiya toh next year premium mein discount. 20% se start hokar 50% tak jata hai.
Zero Depreciation: Normal claim mein depreciation deduct hota hai. Zero Dep add-on mein full amount milta hai — new cars ke liye must.
Premium Calculation
OD Premium = IDV × Rate (car: ~3.5%, bike: ~5%)
NCB Discount apply
TP Premium (IRDAI fixed)
Add-ons extra
GST 18%
Key Takeaways
Third Party insurance legally mandatory hai India mein
Comprehensive plan aapki khud ki gaadi bhi cover karta hai
NCB se 50% tak discount mil sakta hai on premium
Zero Depreciation add-on new cars ke liye must hai
IDV sahi set karein — zyada rakhne se premium badhega, kam rakhne se claim kam milega
IRDAI Disclaimer
Insurance is a subject matter of solicitation. The information provided in this article is for educational purposes only and does not constitute financial advice. Policy terms, conditions, and premiums may vary. Please read the policy document carefully and consult a certified insurance advisor before making any purchase decisions.