Let Secure

Add-on Covers with Car Insurance

Zero Depreciation Cover The zero depreciation cover proves advantageous for vehicles younger than five years old, as it enables the removal of depreciation charges assessed on both the vehicle and its components. This coverage ensures full reimbursement of costs associated with repairs, fees, and replacements in the event of a claim.
Return to Invoice Cover By selecting the "Return to Invoice" add-on, you have the opportunity to receive the total invoice amount for your car. This includes expenses related to registering a new vehicle and the corresponding road tax, in the event of theft or irreparable damages.
Breakdown Assistance Occasionally, everyone needs assistance, and our breakdown support add-on ensures you receive help whenever required, particularly during car breakdowns. Importantly, utilizing this service does not impact your claims record.
Consumable Cover The consumable cover offers extra protection for your vehicle by reimbursing expenses related to various consumable components in the event of an accident. This includes engine oils, screws, nuts and bolts, grease, and more.
Engine and Gear-box Protection Cover Were you aware that the replacement cost of an engine can be as high as 40% of its initial value? Standard car insurance policies typically cover damages resulting solely from accidents. However, with the engine and gearbox protection cover, you can specifically ensure coverage for your vehicle's engine and gearbox throughout its lifespan, safeguarding against consequential damages caused by accidents.

Daily conveyance benefit Insurance providers offer the Daily Conveyance Benefit add-on, guaranteeing compensation for the policyholder's daily transportation expenses while the insured vehicle is under repair. This compensation can take the form of a fixed daily allowance or the provision of a replacement vehicle.
Key and Lock Protect The Key and Lock Protect add-on insurance encompasses coverage for repairing or replacing the vehicle's lockset in instances of theft, loss, or damage. The insurer reimburses the policyholder's expenses incurred for this purpose.
Loss to Personal belongings If the policyholder or any immediate family member loses any of the specified personal belongings while stored in the insured vehicle, the insurer will offer compensation.
Pay as you drive Cover The pay-as-you-go insurance policy allows the policyholder to avail a discount on the own damage insurance premium, dependent on the selected plan. Moreover, the standard policy provides the choice to incorporate additional kilometers by paying an additional premium.

Third-Party Policyholder's Own Damages: Under a Third-Party or Liability-Only Car Policy, damages to one's own vehicle are not covered.
Third-Party Policyholder's Own Damages: Under a Third-Party or Liability-Only Car Policy, damages to one's own vehicle are not covered.
Driving Without a Valid Driver's License: If you were driving with a learner's permit and without a valid driver's license holder in the front seat, it is not covered by the policy.
Consequential Damages: Any damages that are not directly caused by the accident are not covered. For example, if the damaged car is driven incorrectly after an accident and the engine gets damaged, it will not be covered.

Contributory Negligence: Any damages that are not a direct result of the collision are not covered. For example, if the damaged car is driven incorrectly after an accident and the engine gets damaged, it will not be covered.
Add-ons Not Purchased: Add-ons deal with specific scenarios. If you have not purchased those add-ons, the associated situations will not be covered.

Car Insurance plans that fit your needs

Third-Party Coverage:
One of the frequently bought car insurance types is third-party coverage, which exclusively safeguards against losses and damages experienced by third-party individuals, vehicles, or property.

Comprehensive Coverage::
Comprehensive coverage stands out as one of the most beneficial types of auto insurance since it not only covers third-party liabilities but also includes damages to your own vehicle.

Claims Made Simple with Let’s Secure

Our commitment is to simplify insurance for you! Understanding that buying a car is a substantial expense, we aim to ensure that making car insurance claims is a straightforward and cost-effective process for you.

Benefits of a Car Insurance Policy

Protect Your Finances from Losses:
Choosing either third-party or comprehensive car insurance can spare you from paying hefty sums in case of losses due to accidents, natural disasters, fires, theft, and unexpected situations. Additionally, it helps in avoiding expensive traffic fines!

Avoid Problems Arising from Third-Party Damages:
Accidents are unpredictable. Auto insurance allows you to cover damages and losses to third parties if, by chance, you collide with a person, vehicle, or property, ultimately saving you time and hassle!

Enhance Your Coverage with Add-Ons
Opting for comprehensive car insurance allows you to enhance your coverage by selecting add-ons like zero-depreciation cover, return-to-invoice cover, consumables cover, breakdown assistance, and various other options.

Stay Law-Abiding
As per the Motor Vehicles Act, it's mandatory for all vehicles to possess third-party car insurance. Failure to comply will lead to a penalty of Rs 2,000 for the initial offense and Rs 4,000 for subsequent violations.

Save Time and Money
With Let’s Secure Insurance Brokers, you can complete everything from purchasing car insurance to filing a claim in just a few minutes, saving you time and money.

How to choose the right Car Insurance?

Buying Process
Choose an auto insurance provider that offers a quick and hassle-free buying process. With Global Insurance, you can purchase your car insurance in just a few minutes.

IDV
The Insured Declared Value (IDV) of your vehicle is a crucial component of your auto insurance policy as it determines the premium and the amount of claim settlement. At Global Insurance, you have the freedom to set your own IDV.

Service Benefits
Look for auto insurance providers that offer additional service benefits to enhance your coverage. For instance, Global Insurance provides Doorstep Pick-Up and Drop service for your convenience.

Claim Process
The claim process is the most important aspect of your car insurance policy. Make sure you select an insurer with a simple and efficient claims process to avoid any hassle in the event of an accident.

Claim Settlements
The claim settlement ratio is the percentage of claims paid out by an insurer. It is important to choose an insurer with a high claim settlement ratio to ensure that your claims are always paid out.

Customer Support
Good customer support is essential when it comes to auto insurance. Make sure you choose an insurer that offers 24/7 customer support so that you can always get help when you need it.

Car Insurance Terminologies you need to know

IDV
IDV in Car Insurance is the maximum amount an insurance company will pay if your car is stolen or completely destroyed. The IDV and your car insurance premium are linked, meaning that as the IDV increases, so does your premium. However, a higher IDV also means a better price when selling your car. It is important to choose an auto insurance plan that offers a good IDV and price.

No Claim Bonus (NCB)
No Claim Bonus (NCB) is a discount given to policyholders who do not make any claims during the policy term. The discount increases every year you renew your policy without filing a claim, up to 50% after five years. NCB is applicable to the policyholder, so it can be transferred to a new car or policy.

Zero Depreciation Cover
Zero Depreciation Cover is a policy that guarantees the full value of repair or replacement costs for parts of a car that lose value over time. This policy is recommended for cars less than five years old.

Cashless Claims
Cashless Claims are claims where the approved amount for car repairs is paid directly to the repair shop by the insurance company, as long as the repair shop is approved by the insurer. The insured is responsible for any deductibles or costs not covered by the insurance policy.

What factors impact the cost of your car insurance?

Several factors influence your car insurance premium, including:

• Type of car insurance policy

• Insured Declared Value (IDV) of your car

• Optional add-ons

• Deductibles

• No Claim Bonus (NCB)

• Make and model of your car

• Age of your car

Why is a Car Insurance mandatory in India?

Car insurance is compulsory in India for various reasons. Its primary purpose is to ensure the safety of all involved parties in case of accidents, minimize unnecessary conflicts, and alleviate financial burdens. Understanding car insurance involves considering several key aspects:
Factors influencing your car insurance premium include the policy type, insured declared value (IDV) of your car, chosen add-ons, deductibles, no claim bonus, car make and model, as well as the age of your vehicle.
The mandatory nature of car insurance in India primarily stems from the high incidence of road accidents. It serves to protect all parties affected by accidents or incidents.
Third-party auto insurance holds significance as it provides protection to the involved third party, compensating them for vehicle or physical damages, irrespective of fault.
Possessing valid auto insurance simplifies legal procedures in the event of an accident, streamlining the often complex and time-consuming legal processes.

Auto insurance, also referred to as car or motor insurance, offers protection for your vehicle and yourself from potential losses and risks arising from natural disasters, theft, or accidents.