We all know car insurance is mandatory to drive a car legally in India. Car insurance offers financial protection for third-party damages or injuries. However, you can opt for a comprehensive car insurance policy to receive the benefits of standalone damages and third-party damages caused by your car.
Hence, when you plan to purchase a comprehensive car insurance plan, you can customise the plan according to your insurance requirements. In this blog, we will walk you through the procedure of customising your car insurance policy and the factors to consider while doing it.
How to Customise Car Insurance Policy?
If you are wondering how you can customise your car insurance policy, you can follow this detailed step-by-step guide:
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Thursday 16 Jan. 2025
Step 1: Visit the website of your preferred insurance provider.
Step 2: Create an account if you do not have one and log in with your credentials to the account.
Step 3: Click the ‘Car Insurance’ option and enter your car number, model, fuel type and other relevant details.
Step 4: Select the plan you want to buy and choose the ‘Customise’ option.
Step 5: Choose the add-ons you want to include in your plan and add the Personal Accident Cover option.
Step 6: Customise the Insured Declared Value (IDV) of your car and enter your details, like name, RTO location, email address, and other relevant information.
Step 7: Check the information and click the ‘Proceed’ option to complete payment and receive a customised car insurance plan according to your preference.
Please note that these are generic steps and may differ from one insurance company to another.
List of Customisation Options You Can Add in Your Car Insurance Plan
Are you planning to customise your car insurance policy? Well, it allows you to receive insurance coverage according to your insurance requirements. However, the following is a list of add-ons you can include in your car insurance policy when customising it.
1. Look for Zero Depreciation Cover
Under this add-on cover, you can receive the benefit of zero depreciation when you file a claim for settling the repair bill. Insurance companies, like ACKO General Insurance, offer you complete financial coverage without taking into account the depreciation factor of your car or the parts that you replace or repair.
2. Add Engine Protection Cover
When you customise your insurance plan and look for add-on options, you can consider including an engine protection cover. It offers financial coverage for replacing or repairing the consequential damages to engine parts. The insurance company will reimburse the damages caused to different engine parts and gearbox due to water ingression, coolant or leak, etc.
3. Consider the Key Replacement Cover
If you have a luxury or technologically-enabled car, the car keys are a crucial part of the car. In case you lose the car keys, replacing and ordering a new key from the company can be quite expensive, costing up to Rs. 10,000. Hence, you can include a key replacement add-on in your car insurance plan to receive financial coverage when you lose your car, or it gets damaged, and you must order a new one.
4. Opt for Roadside Assistance Cover
When you look for add-ons to include in your car insurance plan, look for roadside assistance coverage. It will come to the rescue when your car faces any breakdown or accident. You can receive financial coverage for fixing a flat tyre, on-spot repair, jumpstarting the battery, etc.
5. Look for Return to Invoice Cover
If your car is damaged beyond repair or is stolen, the return to invoice cover will come to your rescue. In such a scenario, you can file a claim to receive the amount mentioned in your car’s invoice value. The insurance company will offer you financial assistance with the amount mentioned in the invoice, including the road tax and car registration fee.
What are the Benefits of Customising a Car Insurance Plan?
When you plan to buy a car insurance plan, the insurance company enables you to customise the plan according to your insurance requirements. One of the primary benefits of customising the car insurance policy is that you can customise it according to the coverage requirements while considering the premium amount. In addition, you include multiple add-ons in the plan to receive wider coverage in case of an accident, ensuring you do not have to pay any from your pocket.
Final Words
Overall, customising your car insurance plan enables you to enhance the coverage of your car insurance policy. You can include multiple add-ons in your plan to receive extensive coverage according to your preference, ensuring you do not have to pay anything on your own. Hence, you can visit the website of your preferred insurance company to customise the car insurance plan according to your desired insurance requirements.
