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According to the Motor Vehicles Act 1988, you must have third party car insurance as a minimum, but it is recommended that you have a comprehensive insurance policy to cover third party liability and damage caused by the car.
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Choosing the best car insurance among all the insurance companies available is very difficult. There are more than 26 car insurance companies in India. Each insurance has its own benefits and features.
HDFC ERGO Motor Insurance Company has a large customer base of more than 1 million policy holders, which means the company has excellent credibility, which shows that HDFC ERGO is the best insurance company.
Reliance General Insurance was established in the year 2000. It is part of the Reliance group with over 29,000 resellers across India.
They offer affordable premiums, easy renewals and quick claims settlement. ICICI Lombard Motor Insurance was established in 2001 and has a gross white premium (GWP) of ₹ 135.92 billion as of 2020 (FY2020).
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It offers comprehensive and third party insurance policies and has a well-known name in the insurance sector.
SBI General Insurance Company Limited is a joint venture between State Bank of India and Insurance Australia Group (IAG).
SBI established its presence in 14,000 branches of General State Bank of India, further strengthening its reach across India.
IFFCO TOKYO GENERAL INSURANCE CO. Ltd. is a joint venture between IFFCO (Indian Farmers Co-operative) and Tokyo Marine and Nichido Fire Group.
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It was registered in 2000. In a journey of 20 years, the company has earned the trust of customers by providing excellent services and no hassles.
The company is specially designed to ensure that your vehicle is fully protected and safe from any accidental damage emergency.
It protects the vehicle owner from any legal liability such as death or personal injury to third parties or damage to their property involving the insured vehicle.
This includes all points related to the third-party insurance policy, as well as damages to the car. If the car breaks down and needs any repairs, the policy covers the repair costs.
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Sonia Nagpal is an insurance professional. He has 25 years of experience in sales, marketing and corporate alliances.