How to Take Car Insurance in India

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Step 1: Understand Types of Car Insurance

Before buying, decide which type of insurance you need:

  1. Third-Party Insurance (Mandatory by law)

    • Covers damage to other people/property.

    • Does not cover your own car damage.

  2. Comprehensive Insurance

    • Covers both third-party liabilities and your own vehicle damage (accident, theft, fire, natural disasters, etc.).

    • Optional but recommended for full protection.

Step 2: Compare Insurance Policies Online

Use insurance comparison websites like:

  • Policybazaar

  • Coverfox

  • Turtlemint

  • Or visit insurer websites directly (e.g., ICICI Lombard, HDFC ERGO, Tata AIG)

Compare based on:

  • Premium amount

  • Inclusions & exclusions

  • Claim settlement ratio

  • Add-on covers (zero depreciation, engine protection, roadside assistance, etc.)

Step 3: Choose Add-On Covers (Optional)

Enhance your policy with optional add-ons:

  • Zero Depreciation Cover

  • Engine Protection

  • Roadside Assistance

  • No Claim Bonus (NCB) Protector

  • Return to Invoice

Step 4: Provide Vehicle and Personal Details

Fill out an online form with the following:

  • Vehicle registration number (or engine/chassis number for new cars)

  • Make, model, fuel type, year of manufacture

  • Personal info: name, mobile, email, PAN or Aadhaar (for KYC)

  • Previous policy details (if renewing)

Step 5: Get Quote and Pay Online

  • After submitting your details, you’ll receive instant premium quotes.

  • Choose the policy that suits you.

  • Pay securely using UPI, debit/credit card, net banking, or wallet.

Step 6: Receive Policy Instantly

  • Once payment is complete, the policy document is emailed instantly (PDF).

  • You’ll also receive SMS confirmation.

  • No physical copy required—the soft copy is valid as per IRDAI.

Step 7: Download and Keep Documents Safe

  • Download the policy and save it to your phone, email, or cloud.

  • You can also carry it in apps like DigiLocker or mParivahan—legally accepted.

 Important Tips

  • Third-party insurance is mandatory to drive on Indian roads.

  • Always check the claim settlement ratio of the insurer.

  • Renew your insurance before expiry to retain No Claim Bonus (NCB).

  • You can switch insurers during renewal for better deals.

  • Don’t hide any vehicle modifications—they may affect claims.

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