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Liberty Car Insurance India – Founded in 2013, Liberty General Insurance Company Limited is committed to providing comprehensive insurance solutions to the retail, commercial and industrial sectors. It is a joint venture between Liberty Citystate Holdings PTE Limited, a group company of Liberty Mutual Insurance Group, a leading international property and casualty group headquartered in the United States, and Enam Securities, a privately owned and managed long-term investment company. . judicial. companies and leading industrial conglomerate DP Jindal Group.
The company offers Health & Accident Insurance, Commercial Insurance, Car Insurance, Two Wheeler Insurance, Fire & Engineering Insurance, Workers Compensation Insurance, Marine Insurance etc. in India. It offers various insurance products like.
Liberty Car Insurance India
Liberty General Insurance Company Limited issued a total of 23,46,898 policies in the financial year 2022-23 and received 2,16,960 claims during the period.
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Liberty General Insurance Company Limited has won many accolades and accolades for its outstanding contribution to the insurance industry. Some of the key achievements include:
The loss coverage ratio (CSR) is an important indicator that assesses how well an insurance company handles insurance claims received during the year. Liberty General Insurance Company Limited achieved an impressive CSR of 85.1% in the financial year 2021-22.
By evaluating an insurance company’s CSR, you can gauge its efficiency and effectiveness in handling claims. To ensure consistency, it is also important to evaluate the CSR records of the insurance company for the past few years.
The coverage ratio is an important metric used to assess the financial strength and stability of an insurance company. It measures the insurance company’s ability to meet its claims and ensure the long-term sustainability of its operations.
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As per the rules set by the Insurance Regulatory and Development Authority of India (IRDAI), insurance companies must maintain a minimum coverage ratio of 150%. This requirement ensures that insurers have sufficient funds to meet their financial obligations.
Liberty General Insurance Company Limited shows a coverage ratio of 220% for the quarter ended December 31, 2022. This indicates a strong financial position and resources exceed the established minimum level.
Network hospitals are hospitals that have a partnership with an insurance company to provide cashless care. With this arrangement, you can avoid paying medical expenses in advance. Instead, the insurance company or third-party administrator (TPA) pays the hospital bill directly. You only need to cover costs that are not covered by your policy, such as utilities, management fees, registration fees and similar charges.
Liberty General Insurance Company Limited has an extensive network of more than 5,800 cashless hospitals. You can visit https://www.libertynsurance.in/products/CPMigration/hospitalLocator to find network hospitals based on your location. This online tool also allows you to determine the number of hospitals listed by your insurer in your area and whether your preferred hospital is in the insurer’s network.
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The insurance company has authorized online garages to repair vehicles in case of accidents or damage. These repair shops form a partnership with your insurance company so you don’t have to pay for the repair yourself. Instead, the cost is covered by the insurance company and only the deductible and applicable costs are payable.
Liberty General Insurance Company Limited offers over 5,500 online garages where you can get your car repaired without paying cash. You can visit https://www.libertyinsurance.in/products/CPMigration/garagelocator to find the number of garages listed by the insurer for your location. You can also check the number of online workshops available in your area using this link. area. neighbor
If you have any doubts, questions or concerns, Liberty General Insurance Company Limited also provides alternative contact options for you to contact: PTE Ltd. (a group company of US-based Liberty Mutual Insurance Group), Enam Securities (a privately owned and managed company that makes long-term investments in listed companies) and DP Jindal Group (an industrial conglomerate).
The company deals in a wide range of commercial and retail insurance products, from health and accident insurance to auto and tire insurance plans. Currently, the company operates a strong partner network that includes approximately 5,000 hospitals and more than 4,000 vehicle care centers.
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Among all the insurance plans offered by Liberty General, the car insurance plans of this company are highly rated in the market. Here we take a closer look at the car insurance plan offered by Liberty General Insurance Group.
Liberty General generally offers three types of insurance policies that protect insured vehicles against a variety of losses such as fire, theft, breakdown, and flood. Below is a detailed description of each of these policies. Let’s take a look.
A third party liability policy is a type of car insurance plan that is considered a legal requirement in India. This policy covers any loss or expense related to the theft of the insured vehicle by someone else’s vehicle. Insurance for damages caused to third parties includes:
A personal injury policy (also known as a personal injury policy) is another type of auto insurance that protects the vehicle against damage that may occur to the vehicle without the intervention of anyone else. An example of this is damage caused by a tree branch accidentally falling on a parked car.
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The Liberty General Insurance car insurance policy package provides the insured vehicle with comprehensive protection against all types of vehicle damage. Customers can avail this policy with two types of offers: single liability policy and/or personal injury insurance. The cover extends to the owner’s vehicle. The coverage offered under this plan includes:
Liberty car insurance plans include a list of additional coverages that customers can choose according to their needs. These additional covers help increase policy usage.
This additional insurance protects against damages to the insured vehicle and consumables. Consumables can be defined as special purpose items that are used when they are lost or rendered unfit for further use.
It is a special type of insurance coverage that allows customers to claim the difference between the amount received from the ‘Material damage part’ and the price on the purchase invoice. This coverage is subject to some special conditions listed below:
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This insurance supplement gives customers the advantage of roadside assistance in case the insured vehicle breaks down. The company offers many services in this context. Below is a list of these services:
This insurance supplement provides comprehensive insurance coverage for all persons traveling in the insured vehicle. Expenses covered under this scheme include hospital allowance, medical expenses and medical transport assistance.
This cover helps customers if they lose their car’s ignition keys. This additional benefit is provided by insuring the costs incurred when changing car keys.
This insurance add-on is designed to protect customers from repair costs if their vehicle’s engine fails due to:
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Please note that all of the above plugins have some specific conditions that the company does not claim. Customers are encouraged to consult Liberty General’s corporate website or contact customer support for further clarification.
The list of car insurance providers in India is quite extensive. Given the plethora of options available, it is important to purchase insurance from a reliable and reputable insurance group. Below is a list of some of the factors that highlight the reasons why you should purchase auto insurance from Liberty Insurance.
Liberty Insurance Company has appointed a dedicated support team to ensure a hassle-free claims service for customers. Policyholders have the right to check and request cashless service at the company’s more than 4,300 network garages.
Another big advantage of buying a car insurance policy from Liberty General Insurance is that this company offers fast, efficient and 24/7 customer support to solve various problems and ensure customer satisfaction. Customers can contact the company toll-free at (1800-266-5844) and also receive support and request assistance seven days a week from 8:00 a.m. to 8:00 p.m.
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Liberty General Insurance Company includes a fast and transparent online purchase process. Customers can now buy their preferred car insurance plan online by visiting the company’s official website. The policy is issued instantly with less paperwork and customers can also enjoy other benefits.
One of the best parts about Liberty car insurance policy is that it offers a wide range of add-ons. Customers can select these covers and upgrade their policies for additional protection.
Before buying an insurance policy, it is important to have an idea about it.
