Comprehensive insurance protects the rider against any own damage to the vehicle in addition to potential third party legal liabilities.
Guaranteed insurance plans offer you assured benefits at the time of buying the policy, which remains the same throughout the tenure of the policy.
Riders allow a degree of flexibility to top up or reduce the cover by judiciously choosing the sum assured, the entry point and the policy terms.
There are three insurance coverages that you can avail of at a very nominal cost or absolutely free.
LIC Aadhaar Shila: The premium for Aadhaar Shila can be paid on a monthly, quarterly, half-yearly or yearly basis.
Purchasing an insurance policy online has some benefits. It saves time and can be cost-effective if bought after careful research.
A pure term plan levies 18% GST across all premiums whereas TROP GST is 4.5% annually and 2.25% thereafter.
Health or medical insurance covers are eligible for tax deduction up to Rs 1 lakh.
If you don’t want to spend much on car insurance and need it merely to fulfil the legal prerequisites, a third-party cover is an ideal choice
All stakeholders, both in public and private sector, have to ramp up efforts to make insurance a key pillar of survival, just like food and clothing.