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Maruti Suzuki Car Insurance Online Renewal
If you already own a Maruti Suzuki car or have recently bought a new one, then you must bewondering how to renew your Maruti Suzuki car insurance online. While buying a new car, you need to know how to get the documents done. You can use this article as your ultimate guide if you are looking for ways to renew your car insurance policy with Maruti Suzuki. The company offers two different kinds of policies: Liability Only policies and comprehensive coverage. Depending on which type of policy your vehicle falls under, renewal procedures may differ slightly.
Check if you need to renew your car insurance with Maruti Suzuki
You need to renew your car insurance when one of the following happens: - Your policy has expired. - Your car’s registered year has changed. - Your car’s make and model have changed. - You have sold your car and have bought a new one. You can renew your insurance online by visiting the Maruti Suzuki Car Insurance Renewal webpage on the official Popular Maruti website or visit your nearest Popular Maruti dealership. You can also choose to call our helpline number 1800 123 8090 and request assistance.
Types of Car Insurance
There are two types of car insurance: Liability Only policies, which cover third-party property damage, bodily injury, and/or death, as well as personal accident coverage for the occupants. The second option is comprehensive coverage, which in addition to the liability-only option also covers loss or damage to the covered vehicle.
According to the Motor Vehicle Act of 1988, all cars operating on Indian public roads must have liability-only coverage, also known as an act-only policy. This insurance covers any liability resulting from third-party property damage, physical injury, and/or death. For the owner-driver, it also provides Personal Accident coverage. In addition to the Liability Only policy, Comprehensive Insurance, sometimes referred to as a Package Policy, covers loss or damage to the covered vehicle.
The dangers listed below are those that could harm the insured vehicle:
Fire, explosion, self-ignition, or lightning, terrorism, riot, strike, malicious act, burglary, theft, home invasion, earthquake, storm, tempest, flooding, landslide, or rockslide
What does car insurance include and exclude?
Numerous things that could cause harm to your car and its occupants are covered by car insurance. Normal wear and tear, injuries sustained while operating a vehicle while intoxicated, and other things are excluded. For a more comprehensive overview, see the list below.
What Does Car Insurance Cover?
The OD part of the policy document lists the types of damages that are covered by car insurance policies.
Fire, explosion, self-ignition or lightning, terrorism, riot, strike, malicious act burglary, theft, and home-breaking earthquake, storm, temperate, flood inundation, landslide, or rockslide.
What Is Excluded by Car Insurance?
● Standard Wear and Tear, as well as Electrical or Mechanical Failures
● Puncture to Tires (unless the vehicle is also damaged)
● Person Driving Without a Valid License
● DUI (driving under the influence) of alcoholic beverages or illicit narcotics
● Whenever the car is utilized for any illicit activity
● usage outside of defined geographic areas
● The vehicle is utilized for Goods Transportation, Pace Setting, Speed Testing, and
Reliability Trials, as well as for Hire or Reward and Organized Racing.
● Nuclear Conflicts and Risks
Factors determining a car's total premium
The premium is calculated based on the car's worth, age, cubic capacity, and geographic region. The insured has the ability to choose from a number of add-on coverage options provided by insurance firms.
● Insured Declared Value
● Cubic Capacity
● Age of Vehicle
● Geographical Zone
● Add-on Cover, if opted
● Third Party Liability (as defined time-to-time by IRDAI)
● Owner-Driver Personal Accident (PA) Cover for Rs. 15 lacs
● Personal Accident Cover for Passengers maximum to Rs. 5 lacs Per Passenger
● Anti-Theft Device Discount
● CNG / LPG - Inbuilt or External
How is the sum insured calculated?
The Sum Insured, also known as the Insured Declared Value, is set at the beginning of each insurance period (IDV). According to the Indian Motor Tariff, it is determined on the basis of themanufacturer's listed selling price after depreciation.
For Own Losses
Based on the car's Insured Declared Value (IDV), the insurance amount is determined. IDV is the value given to the car by the insurance companies based on the car's present value as determined by the manufacturer and the age-related depreciation rate. To determine the final IDV, certain businesses may also take accessories into account.
For Third Party
The Motor Vehicles Act of 1988 makes third-party liability insurance a requirement. In the event of an accident, it offers a defense against harm or damage to third parties or their property. Additionally, insurance providers offer a Personal Accident Cover that protects the owner-driver of the insured vehicle from accidental death or permanent total disability.
What is a No Claim Bonus (NCB)?
If the owner of a vehicle insurance policy has not filed a claim during the preceding policy period, the insurance company will give them a discount when they renew the coverage (s). On OD premiums, the NCB may be accumulated to a maximum of 50%.
However, NCB cannot be transferred from private insurance to commercial policy. NCB can be transferred from an old policy to a new policy covering the same class of vehicle.
Renew Maruti Suzuki Car Insurance Online
In order to renew your car insurance with Popular Maruti Insurance, log on to www.popularmaruti.com or dial 1800 123 8090.
