Car insurance premiums starting at just ₹238/month*
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Up to 90% Discount
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11,000+ Network Garages
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AI-Assisted Claims on App
Car Insurance
Car insurance is a type of motor insurance policy that covers repair and replacement costs resulting from accidents, natural disasters, fires and theft. In India, Third-Party Liability Insurance is mandatory by law; however, smart car owners prefer a comprehensive car Insurance policy that covers both third-party liabilities and own damage protection.
For example, if your car is damaged in an accident, car insurance will help cover the repair costs for any dents, scratches or other damage your car may have sustained. Similarly, it will also help cover damage from natural and man-made disasters, as well as theft. So, if your parked car was damaged during a storm or if your car was stolen and never recovered, car insurance will help cover the loss.
At IndusInd General Insurance (formerly Reliance General Insurance), we understand that your car is more than just a vehicle - it’s your daily partner in life’s journey. Our plans are designed with one goal: to make your drive stress-free. With a best-in-class claims ratio and a vast network of 11,000+ garages, we bring you insurance that is simple, transparent, and tailored to your lifestyle. We also offer easy buying and quick claims services via our IndusInd Insurance app and website.
What Is Car Insurance?
Car insurance is a legal contract that helps pay for car repairs if your car is ever accidentally damaged. It’s essentially a document that ensures your insurance company will help pay for car repairs in exchange for regular fee payments (also known as premiums) from you. These premiums are usually paid yearly for 1 year of insurance coverage.
Why Do You Need Car Insurance in India?
To Comply With Motor Laws (Legal Requirement)
Car insurance was made mandatory by the Indian government as a means to financially and legally protect car owners in the event they accidentally cause damage to another person or their vehicle. According to the Motor Vehicles Act of 1988, all car owners must have a car insurance policy that covers third-party damage, i.e., damage your car causes to others. If you’re caught driving without third-party car insurance, you will be fined ₹2,000 the first time and ₹4,000 for subsequent offences.
Covers Accident Damage & Repair Costs
With minor collisions, scrapes and road accidents being common, it’s essential to get a car insurance policy. For example, if your car was damaged in a hit-and-run accident, IndusInd Car Insurance will help cover the cost of repairs with quick claim inspection and registration through our IndusInd Insurance app.
Covers Theft, Fire & Natural Disasters
Extreme weather events are common in some parts of India, hence whether it is floods, earthquakes, landslides or fire – we cover it all! For instance, some cities in India are prone to frequent flooding and landslides, so if your car is damaged due to these events, you’re covered. We also cover fire damage and man-made calamities like riots, strikes, and vandalism.
To ensure maximum protection, we recommend getting add-ons like Nil Depreciation, Engine Protector and Consumable Expenses Cover, extending comprehensive coverage for your car. In the event that your car is stolen, we reimburse your car’s IDV amount. You can also enhance your cover with the Return to Invoice add-on, which reimburses the original invoice value of your car in case of total loss or theft.
Covers Damages Caused to Others (Third-Party)
Third-party liability protection covers any injury or property damage caused to others by your vehicle. For example, if you accidentally hit another car and dent its body, injuring the driver, third-party liability car insurance will cover the other person’s repair and medical expenses. It covers property damage up to ₹7.5 lakhs and unlimited coverage for medical expenses, as per MoRTH in compliance with IRDAI guidelines, only if third-party property damage (TPPD) cover is opted. However, this insurance does not cover damages to your own car - for that, you'll either need a Standalone Own Damage policy or a Comprehensive plan.
Personal Accident Cover (₹15 lakh)
As per MoRTH in compliance with IRDAI regulations, all car owners must have a Personal Accident (PA) cover of up to ₹15 lakhs* to protect against disability or death resulting from road accidents. This cover ensures financial support in case of permanent or partial disability, or accidental death of the owner-driver. If you're not already covered under a PA policy, you can easily include it with your car insurance for a nominal annual premium of ₹350* to ensure comprehensive protection every time you drive.
Roadside Assistance & Breakdown Support
Get help with towing, battery jumpstarts, flat tyre replacement, fuel delivery, spare key retrieval, and minor on-site repairs anywhere in India with our 24/7 Roadside Assistance add-on cover. We offer quick fixes for your car, and if on-site jumpstarts are not possible, we arrange towing to the nearest garage. To access assistance quickly, use the IndusInd Insurance app, which allows you to raise service requests in just a few taps and locate the nearest network garage for cashless repairs.
Types of Car Insurance Plans We Offer
Third-Party Car Insurance Policy
Definition: Third-party car insurance is the most basic plan we offer. This type of coverage is legally required under the Motor Vehicles Act, 1988. It protects you against legal and financial liabilities if your car causes injury, damage or death to another person or their property. The policy covers property damage up to ₹7.5 lakhs* (only if TPPD is opted) and injury-related claims without any upper limit. Driving without this plan can result in penalties and fines of up to ₹2000-₹4000 and even 3 months imprisonment if you are a repeat offender. MoRTH, in compliance with the IRDAI, regulates its pricing, so the premiums remain the same no matter which insurer you choose.
Ideal For: This plan is ideal for anyone looking for budget-friendly insurance offering limited coverage or for occasional drivers who just want to ensure they fulfil their legal obligations. At IndusInd General Insurance, we offer both long and short-term third-party car insurance plans ranging from 1 to 3 years.
Quick Tip: Since this plan does not cover damages to your own car, for added protection, opt for Comprehensive coverage or pair it with a Standalone own damage cover. You can also opt for a 3-year plan if you’re looking to save on premiums, since you only need to pay once for the 3-year coverage.Buy Now
Comprehensive Car Insurance Policy
Definition: A comprehensive car insurance policy combines the benefits of third-party and own-damage coverage, offering complete protection for your vehicle. It covers accidental damage caused to your car from collisions, theft, fire and natural disasters, while also protecting you from third-party liabilities, like injuries or property damage caused to other people.
Ideal For: This policy is ideal for anyone looking for all-around coverage or those who need added protection for their car. For instance, if you heavily rely on your car for regular or daily transport, or if you’re a new car owner, this plan is highly recommended.
Quick Tip: This plan coverage can also be further enhanced with 15+ add-ons like zero depreciation, engine protection and roadside assistance. Plus, with the new GST cuts on cars, a comprehensive plan will also be more affordable, since lower car prices and IDVs also mean lower insurance premiums.
Standalone Own-Damage Insurance
Definition: Standalone Own Damage (SAOD) car insurance protects your car against accidental damage, theft, fire, and natural disasters, including floods, storms, or landslides. It is available to buy only if you already have a valid third-party insurance plan. We offer short-term and long-term plan options ranging from 1 month to 3 years*, making it a flexible option tailored to your budget and driving needs.
This plan is offered in co-terminus with your third-party plan. For example, if your third-party policy is only valid for a few months, you can get our short-term OD coverage to cover those last few months before you switch over to a comprehensive plan. Similarly, if you have a 2-year existing third-party policy, you can get our SAOD plan for 2 years to ensure you get year-round coverage.
Ideal For: This policy is ideal for car owners who want to enhance protection beyond third-party requirements. For example, when you buy a new car from a dealership, the insurance they offer typically includes 1 year of own damage coverage and 3 years of third-party coverage. From the second year onwards, your car won’t be protected against own damage, only against third-party liabilities. To stay protected, you just need to buy a standalone own damage policy (since you already have third-party cover). This works out cheaper than buying a full new policy.
Quick Tip: In case the dealership’s recommended insurance from a valid insurer ends, you can always upgrade to our comprehensive car insurance to get better coverage. And if you don’t use your car very often, you can opt for the pay-as-you-drive add-on for lower premium rates.
Pay-As-You-Drive Insurance
Definition: This add-on cover can be bought with your comprehensive and standalone car insurance plan. With this cover, you only pay for the kilometres you drive with IndusInd Limit Sure - Pay As You Drive (formerly known as Reliance Limit Sure - Pay As You Drive). As the first insurance company in India to pioneer this usage-based cover, you get flexible, mileage-linked premium rates. So, if you drive less, you pay less! You can choose between 2,500 – 10,500 km per year*. If you don’t use up your kilometres, you can carry them forward to the next policy year. And if you exceed your limit during the year, you can top it up at any time; we offer top-ups in multiples of 1,000 km.
We also offer a 125 km grace limit* for added flexibility. The grace limit helps you stay insured and covered even when you exceed the km limit. For example, say you need to travel a longer distance and exceed your yearly limit of 7,500 km – your odometer reads 7,600 km. This 125 km buffer ensures you can still claim coverage if your car was damaged during that drive or at a standstill.
Ideal For: Our Pay As You Drive insurance is perfect for people who don’t drive often, primarily work from home, live near their office, own multiple vehicles or use public transport more often.
Quick Tip: For easy access and policy management, we recommend downloading the IndusInd Insurance app. With it, you can quickly download your policy, top up your plan with additional kilometres and check your remaining kilometre limit for the year.
Disclaimer: The prices, discount rates and other metrics provided are subject to change and will depend on the policy you choose to buy. For more detailed information, you can check your policy documents or contact us.
Third-Party vs Comprehensive Car Insurance
A third-party policy only covers accidental damage caused to another person, their vehicle or their property during an accident. It will not cover your car’s repair costs.
A comprehensive car insurance policy covers damages or losses caused to your own car and third-party damage under one plan. So, it will cover your car’s repair costs and any compensation you may need to pay for third-party damage.
The main difference between third-party car insurance and comprehensive car insurance is the scope of coverage. Third-party car insurance will not cover damage to your car and will only cover damage you cause to others. Comprehensive car insurance will cover your car + damage you may cause to others.
So, in case you want to extend car insurance coverage to cover your car, you can easily upgrade to our comprehensive car insurance policy during renewal from a third-party plan. Our seamless processes make it possible to quickly upgrade or modify coverage as per your needs during purchase and renewal.
Features | Comprehensive | Third-Party |
|---|---|---|
Coverage | Own damage and third-party coverage | Only third-party damage (people & |
Mandatory | Optional | Yes |
Damage to Own Car | Covered | Not Covered |
Premium Cost | Slightly higher | Affordable |
Who Sets the Premium | The insurance company | Set by MoRTH in compliance with IRDAI every year |
Add-Ons | Available | Not available |
Discount | Available up to 90%* | Only for EV and Hybrid Cars |
Cashless Repairs | Available | Not Available |
Ideal For? | New car owners and daily/frequent car | Anyone on a budget or occasional drivers |
Disclaimer: Discount percentages are subject to change based on the age of the vehicle, vehicle make and model, and your chosen plan options. You can always contact us to ensure you have the most up-to-date information on your applicable discount percentages.
What is IDV (Insured Declared Value)?
The IDV is your car’s current market value. It is the maximum amount your insurer will pay if your car is stolen or completely damaged. At IndusInd General Insurance, we offer an IDV customisation feature during policy purchase, where you can choose your IDV amount under the plan. The range provided will be based on your car’s age, make/model and depreciation.
Why is IDV important?
Claim Payout in Total Loss/Theft
Your IDV is the amount you get paid if your car is ever totally lost (stolen and not recovered or fully damaged in an accident). For example, if your IDV is ₹10 lakhs and your car is stolen, ₹10 lakhs (minus any deductibles) is roughly what you would receive from your insurance company.
Impact of IDV on Partial Claims
IDV typically has no impact on your claim amount for repairs unless the cost of repairs comes close to the IDV value. In that case, the insurer will declare your car a total loss. You don’t get paid the IDV for every claim – you get the repair cost.
For example, if your repairs exceed 75% of the IDV, the insurer will pay the IDV. For minor repairs and replacement, you are reimbursed the actual cost.
Premium Calculation
Your car’s IDV directly impacts premiums. So, higher IDV = higher premiums because the insurer needs to pay out a higher amount for total loss. And lower IDV = lower premiums, because they would need to pay out less.
Avoid Underinsurance or Overinsurance
Generally, insurers allow some flexibility when choosing your IDV. For example, if you buy from us, you can customise your car's IDV amount. We recommend choosing an IDV that is close to your car’s actual market value.
Choosing an IDV Too Low
Can help you save on premiums, but this means getting a lower payout if your car is totalled or stolen. For example, if your car is worth ₹7 lakhs and you’ve insured it for ₹4 lakhs, you’d only be paid ₹4 lakhs for a total loss, which wouldn’t be enough to get a comparable replacement.
Choosing an IDV Too High
You’ll pay higher premiums, and the insurer most likely won’t honour the extra value during claim time – they’ll pay your car’s market value. So, overinsurance is a drain on finances, as insurers cap IDV at realistic market prices, and any extra amounts are subject to dispute at the time of claim.
Choosing the Right IDV
- For New Cars (up to 5 years old): It’s straightforward – choose an amount after standard depreciation. If you think your car’s resale value is higher (it’s in mint condition or in high demand), you could choose the higher end of the suggested range.
- For Older Cars (Over 5 years old): Insurers typically offer a minimum IDV. If your car is really old or of low value, you may only be offered a third-party policy since OD premiums may be disproportionate to the IDV. But most will typically insure your car after an inspection.
Example: Suppose you bought a sedan in 2020 for ₹12 lakh (ex-showroom). By 2023, its depreciation might be around 30-35%, so IDV ~₹3.6–4.2 lakh. If you choose an IDV of ₹4 lakh, your premium will be calculated on that.
If you choose 10% higher (₹4.4 lakh), the premium will go up slightly; 10% lower (₹3.6 lakh) might save a bit. If the car is stolen, with IDV ₹4 lakh, you’d get around ₹4 lakh (minus deductibles). If you had insured it for only ₹3 lakh to save on premiums, you’d lose out on ₹1 lakh that you could have otherwise received.
At IndusInd General Insurance, our system automatically calculates your car’s IDV based on its make/model, age and the standard depreciation schedule. We also allow you to tweak it within a reasonable range at the time of purchase. We’re transparent about how IDV affects your premium, which you can see instantly on our online quote!
Factors That Influence IDV
Older Vs New Cars
The age of your car plays a major role in determining its Insured Declared Value (IDV). As a car gets older, its market value decreases due to wear and tear, depreciation and outdated technology. This results in a lower IDV. For example, a brand-new car will have a significantly higher IDV compared to a five-year-old car, which may have a reduced IDV of up to 50% due to its wear and tear. Therefore, an older car would have a reduced compensation amount in the event of a total loss or theft claim.
Budget Vs High-End Cars
The make and model of your car significantly influence its Insured Declared Value. High-end vehicles like premium SUVs or luxury sedans typically have a higher IDV due to their greater market value, advanced features and expensive parts. On the other hand, budget-friendly cars such as standard hatchbacks have a lower IDV because they cost less to replace or repair. So, the more premium your car is, the higher its IDV will be and also its insurance premium.
Modifications and Accessories
Any custom modifications or non-standard accessories added to your car, such as alloy wheels, infotainment systems or accessories, can raise its overall value and, in turn, increase your car's Insured Declared Value. These enhancements are assessed separately from the base vehicle value and are subject to depreciation over time. Since they add to the replacement cost of the vehicle, they influence the final IDV and can also slightly raise your insurance premium.
Claim and Driving History
Your driving behaviour and past claim record can also impact your car’s IDV. If you have a driving history with few or no claims, your vehicle is often considered lower risk, which may help in maintaining a more favourable IDV and even earn you discounts. On the other hand, a record of frequent insurance claims or multiple traffic challans, especially for reckless driving, signals higher risk. While IDV is primarily based on market value, insurers may factor in these risks when calculating your policy, possibly leading to adjustments in the car's IDV or premium.
How is Depreciation Calculated in Car Insurance?
Your car’s depreciation is calculated based on its age. As the vehicle gets older, a fixed percentage is deducted from its value to calculate the IDV. Here are the current depreciation rates as per MoRTH in compliance with IRDAI:
Vehicle Age | Depreciation Percentage |
|---|---|
Less than 6 months | 5% |
More than 6 months, up to 1 year | 15% |
More than 1 year, up to 2 years | 20% |
More than 2 years, up to 3 years | 30% |
More than 3 years, up to 4 years | 40% |
More than 4 years, up to 5 years | 50% |
Disclaimer: Standard depreciation percentages are decided and set by MoRTH in compliance with the Insurance Regulatory and Development Authority of India (IRDAI) and are subject to change. Always check the IRDAI's official website or contact us to get up-to-date information on current percentage rates.
Inclusions and Exclusions of IndusInd Car Insurance
What is Covered?
Accidental Damage: Pays for repair or replacement if your insured car is damaged in a road accident or collision with another vehicle or object.
Third-party Damage: If you accidentally damage someone else’s vehicle, property, or injure someone, we will pay for their repair or medical expenses.
Natural and Man-made Calamities: Protects from damages caused by floods, earthquakes and man-made hazards like strikes and riots.
Theft and Fire: Offers compensation (based on IDV) if your car or car parts are stolen. The policy also covers if your car catches fire, while parked or in motion, or is damaged by explosions.
Animal/Rodent Damage: Covers damage to your car caused by animals, like rat bites or wild animal attacks that cause internal or external harm.
What is Not Covered?
Depreciation: Depreciation of car parts typically isn't covered, but we do cover it under the nil dep add-on.
Accessory Coverage: We automatically cover factory-fitted accessories. But if you add more accessories after purchasing your car, you'll need to opt for add-on coverage.
Law Violations: We cover all accidental damage except for ones that arise due to law violations.
Outside Coverage Zone: We offer pan-India coverage, but if you require coverage outside India you can get our Geo-extension add-on.
Disclaimer: For the complete list of Inclusions and Exclusions, please refer to the policy wording here
Need Help Buying Car Insurance?
Talk to Our Expert Advisors
Situations That Require Add-Ons
Car Insurance for EVs (Electric Four-Wheelers)
Why EV Car Insurance Is Different
Like fuel-based cars, electric cars need to be insured to avoid being fined. However, EVs come with unique components, particularly the battery, which is expensive to repair and replace.
Standard car insurance typically does not always cover battery replacement costs outside of accidents. Events like overcharging or power surges are often excluded, meaning you may have to pay out of pocket.
That’s why at IndusInd General Insurance, we offer 3 specialised EV add-ons to protect your EV’s battery, motor, charging equipment and even portable charging accessories.
These add-ons safeguard your vehicle from risks like water damage, short circuits, accidental damage and more. With our EV cover, you not only stay compliant but also secure the most valuable parts of your electric car.
What EV Car Insurance Covers
EV car insurance coverage will help cover against unique damage specific to EVs, like overcharging, power surges, water damage leading to short circuits, and battery overheating leading to fires. It will also extend coverage to the charging unit, protecting its internal wiring from rodent damage and electrical faults. Other than this, EV insurance also accounts for damage due to accidents, natural disasters and theft.
Types of EVs Covered
- Battery EVs: Both the EV battery and wall-mounted charging unit are fully covered, where repair and replacement costs due to damage are paid for.
- Hybrid EVs: The hybrid EV’s electric motor is fully covered against electrical (power surges, short circuits) and impact damage (accidents, collisions, natural disasters, etc).
- Plug-in Hybrids: High-end models are also covered against damage. We recommend pairing your plan with a Return to Invoice cover for maximum protection against theft.
- Fuel cell EVs: Upcoming models would also be covered under our car insurance policy, even if they do not have the same working parts as most traditional EVs.
EV Sales & Insurance Statistics in India
- The EV insurance market in India is expected to grow at a CAGR (Compound Annual Growth Rate) of over 40% in the future. (Source: Economic Times Auto)
- Electric car purchases have increased 11% year-on-year in FY25 compared to FY24, indicating a rising demand for electric vehicles in India. (Source: Energyworld)
- Sales of EVs in India went up from 50,000 in 2016 to 2.08 million in 2024, indicating that more drivers are switching to greener rides. (Source: NITI Aayog Report ,2025)
- Tata (69%) and Toyota (86%) dominate the battery EV (BEV) and strong-hybrid EV markets. With the Tata Punch EV being the best-selling BEV, and the Toyota Innova Hycross being the best-selling strong-hybrid EV. (Source: Auto Punditz report,2024)
- Over 79% of all hybrids sold in India in FY2025 wore a Toyota badge, with the Innova HyCross and Urban Cruiser Hyryder being the most popular models. (Source: Cartoq, AutoCar Professional)
Unlike traditional insurance providers, we put you at the centre of our product design. From fast online claim reporting to the pioneering pocket-friendly Pay-As-You-Drive cover, IndusInd Car Insurance is custom-built for today’s drivers. We also offer AI-assisted claims processing via the IndusInd Insurance app to ensure faster, more accurate claims decisions. Here's how we go the extra mile -
15+ Add-On Covers Available
Extra covers for enhanced protection
Up to 3 Years Coverage*
Get long and short-term coverage with us
Video Claims Feature on Our App
File quick cashless claims via mobile
24/7 Customer Assistance*
Get support from anywhere in India
Features of Our Car Insurance Plans
With flexible plans, personalised premiums, 24/7 expert support, and being the first-ever insurance company to introduce PAYD insurance, IndusInd Car Insurance offers smart, all-in-one protection designed to fit every driver's needs. Here are some of the key features that make us stand out:
Key Features | Description |
|---|---|
Premiums | Starting at ₹238/month* |
Coverage | Own Damage + Third-Party |
Pay-As-You-Drive Option | Usage-based premiums |
Personal Accident Cover (Optional) | Up to ₹15 lakhs* for owner-driver |
Premium Discounts | Up to 90%* |
No-Claim Bonus | Up to 50%* |
Add-Ons | 15+ Add-ons, including EV Add-ons |
Cashless Repairs | 11,000+ Network Garages |
Renew/Buy Online | Quick Issuance + Instant Renewals on our app |
24/7 Customer Support | Available |
Disclaimer: The prices, discount rates and other metrics provided in the table above are subject to change and will also depend on the policy you choose to buy. The Pay As You Drive option and the Personal Accident cover are both optional covers that can be bought along with your plan at an additional cost. For more detailed information, you can check your policy documents or contact us.
How to Buy Car Insurance?
Select Car Info
Select your car make/model and enter your registration details.
Verify & Choose
Enter your mobile number and the OTP. Next, select your policy type and IDV.
Add‑Ons & Review
Select any add-on covers you require, then review the policy details.
Pay & Get Policy
Pay and complete the CKYC process with your PAN to get your policy.
Documents Required for Buying Car Insurance
Proposal Form
Fill out the online form with your personal and vehicle details to start the process.
Identity Proof
Upload a valid government-issued ID such as Aadhaar, PAN card or passport to verify your identity.
Address Proof
Provide a document like an Aadhaar card, passport, utility bill or voter ID that confirms your current residential address.
Driving Licence
Share a valid driving licence issued by your local RTO, with correct issue and expiry dates.
Vehicle Registration Certificate (RC)
A copy of your car’s RC as proof of ownership and vehicle specifications.
PUC Certificate
Ensure your vehicle meets environmental standards by providing a valid Pollution Under Control certificate.
Payment Details
Keep your credit/debit card, UPI or net banking info ready for secure online payment.
How to Renew Car Insurance Online?
Enter Details
Fill in your mobile number or policy number and then click "Submit".
Provide Registration
Enter your car’s details, such as the car registration number.
Modify Coverage
Update or modify your car insurance plan coverage.
Confirm Payment
Confirm the premium and make the car insurance renewal payment.
Essential Renewal Documents
Documents Needed For Renewal
Vehicle Registration Certificate (RC): You’ll need your car registration number listed on your RC book.
Policy Number: You can find this on your car insurance policy certificate and can access it either by logging in to your account on our website or in the IndusInd Insurance app.
Payment Details: Keep your credit/debit card, UPI or net banking info ready for secure online payment.
What to Check Before Renewal
Policy Details: Check your policy details, like your contact information and current address. For example, if you recently moved to another city, you’ll need to update your address.
NCB Discount: If you’ve had a claim-free year, check if your NCB discount is applicable to your renewal premium.
Add-Ons: Check whether the add-ons you’ve opted for are still required, or if you need to add any to your existing policy for more coverage.
GST Changes in Car Insurance
The recent GST rate cut on cars in India not only lowers the upfront cost of buying a car but also reduces car insurance premiums. This is because insurance premiums are calculated based on a car’s Insured Declared Value (IDV), which correlates closely with the vehicle's market price. When the GST cut reduces the overall car price, the IDV decreases, resulting in lower car insurance premiums. To know more, you can read our blog on the GST Reduction on Cars in India.
Here is a simple illustration explaining insurance prices before and after the new GST on cars and reduced taxes after September 22, 2025.
Car Category | Premium Before GST Cut | Premium After GST Cut | Approx. Savings |
|---|---|---|---|
Small Cars (Petrol ≤1200cc, Diesel ≤1500cc, ≤4m length) Range :- ₹5 – ₹7 Lakh | ₹16,000 | ₹13,120 | ₹2,800 |
Mid-Size Cars & SUVs Range:- ₹8 – ₹15 Lakh | ₹26,000 | ₹21,320 | ₹4,680 |
Luxury Cars Range:- ₹30 Lakhs and above | ₹60,000 | ₹49,200 | ₹10,800 |
Electric Vehicles (EVs) Range :- ₹10 – ₹20 Lakhs | ₹35,000 | ₹28,700 | ₹6,300 |
Note: These figures are illustrative averages. Actual insurance premiums depend on multiple parameters such as policy terms & conditions, vehicle make, model, vehicle age, RTO location, etc.
How to Calculate Car Insurance Premium?
Here’s how car insurance premiums are calculated, whether you're using an online tool or understanding the key factors like IDV, add-ons and discounts:
Use an Online Car Insurance Premium Calculator
The easiest way to estimate your premium is by using a car insurance premium calculator. Just enter your vehicle registration number, which will help us pre-fetch your details. Subsequently, you can also add your car make and model, fuel type, age, location, IDV details, and choose your preferred add-ons. The tool instantly displays the estimated premium for different plans to help you compare and choose wisely.
Calculate IDV (Insured Declared Value)
Your premium largely depends on your car’s IDV, the current market value of your car. It is the highest amount the insurer will pay you for the total loss of your car. Here’s how to calculate it:
IDV = [Ex-showroom price – depreciation] + [Cost of external accessories – depreciation]
For Example,
IDV = [1,000,000 - 3,00,000] + [50,000 - 15,000] = 700,000 + 35,000 = 735,000
The older the car, the higher the depreciation and the lower the IDV, which reduces your premium.
How Our Premium Calculator Works?
The easiest way to estimate your premium is by using the IndusInd car insurance premium calculator. Just enter your vehicle registration number, which will help us pre-fetch your details. Subsequently, you can also add your car make and model, fuel type, age, location, IDV details, and choose your preferred add-ons. The tool instantly displays the estimated premium for different plans to help you compare and choose wisely.
Factors That Affect Premium
Third-Party Car Insurance Premiums
For Private Fuel-Based Cars
MoRTH, in compliance with the Insurance Regulatory and Development Authority of India (IRDAI), sets standard third-party car insurance premium rates based on the engine capacity of the vehicle. Third-party rates are provided based on vehicle cubic capacity or battery kWh or tonnage in case of goods carrying vehicles (GCV) and license carrying capacity in case of passenger carrying vehicles (PCV).
Engine Capacity | Premium for 1 Year | Premium for 3 years |
|---|---|---|
Up to 1000 cc | ₹2,094 | ₹6,521 |
Above 1000 cc up to 1500 cc | ₹3,416 | ₹10,640 |
Above 1500 cc | ₹7,897 | ₹24,596 |
For Private Electric Cars
For private electric cars, MoRTH, in compliance with the IRDAI prescribes discounted third-party premium rates based on the vehicle’s motor power (kW). These rates are uniform across insurers and differ depending on whether you choose a 1-year or 3-year policy.
Battery Capacity | Premium for 1 Year | Premium for 3 years |
|---|---|---|
Up to 30 kW | ₹1,780 | ₹5,543 |
Above 30 kW up to 65 kW | ₹2,904 | ₹9,044 |
Above 65 kW | ₹6,712 | ₹20,907 |
Disclaimer: Third-party car insurance premiums are decided and set by MoRTH in compliance with the Insurance Regulatory and Development Authority of India (IRDAI) every year and are subject to change. Always check the IRDAI's official Gazette publications to get up-to-date information on the current year's premium rates.
Tips to Save on Car Insurance Premiums
Use NCB to Reduce Premium
Avoid filing claims for minor damages. By maintaining a claim-free record, you can accumulate a No Claim Bonus in car insurance (NCB).
For instance, on the first claim-free year, your NCB discount will be 20% on renewal premiums; on the second claim-free year, it will be a 25% discount; on the third year, it will be 35%; on the fourth year, it will be 45%; and on 5 claim-free years, you will get 50%* discount on your renewal premiums.
It’s a good way to save on premium costs, and if you combine this with our NCB retention add-on, you can file claims without losing your NCB discount. This way, you get to maximise your savings while still getting car insurance coverage for emergency repairs.
Renew on Time
Timely renewal of your car insurance policy helps maintain continuity of coverage and preserves accumulated benefits like NCB. Late renewals can lead to policy lapses, potential penalties, loss of your NCB discount and will also require a full vehicle re-inspection.
It can also lead to higher premiums since premiums are often reset based on your car’s current condition after a physical re-inspection of your car.
To ensure you don’t miss your renewal date, we offer up to a 15-day grace period. We also recommend downloading the IndusInd Insurance app, since we offer an instant renewal option. Just tap the “InstaRenew” option, enter your policy number and pay to renew your policy.
Opt for PAYD If You Drive Less
If your annual driving distance is minimal – if you own multiple vehicles or if you rely more on public transport, opting for a Pay-As-You-Drive insurance plan can be cost-effective.
These plans calculate premiums based on the number of kilometres driven, starting as low as 2500 km*, all the way up to 10,500 km*. Any unused kilometres can also be carried forward to the next year, and you also get a 125 km grace limit*.
Increase Voluntary Deductibles
This is a viable option if you’ve accumulated a high NCB discount (E.g., up to 50%) and don’t mind paying extra during claims to maximise your savings. For instance, if you own a high-end car, you would be paying higher yearly premiums, so pairing your NCB discount with a voluntary deductible can help significantly reduce your car insurance premiums.
Note that the default deductible, which is the mandatory deductible, is ₹1,000. When you opt for a voluntary deductible in car insurance, you’ll be choosing to pay an amount above this during claims.
Car Insurance Add-Ons
A basic comprehensive policy is good, but sometimes not enough for everyone’s needs. That’s where car insurance add-ons come into play. Add-ons are optional benefits you can purchase by paying an extra premium to enhance your standard policy coverage. They allow you to tailor the policy to your specific needs and fill some of the gaps or cover the exclusions we discussed.
EV-Specific Add-Ons
Popular Add-Ons for All Cars
Nil Depreciation Cover
Also known as a bumper-to-bumper cover, it offers full reimbursement for plastic, rubber, and fibre parts without depreciation. This means if any damaged plastic, rubber, or fibre parts have degraded with time due to regular usage, we will cover the full repair or replacement cost of these items. It’s perfect for all car owners, as replacements for trims and panels can be expensive.
IndusInd Limit Sure - Pay As You Drive
This is a usage-based insurance cover that personalises your premium rates based on how many kilometres you’ve driven within a year. You can select from 2,500 to 10,500 km* and get a 125 km grace limit*, so coverage doesn’t stop abruptly when you use up your kilometre limit. You can also top up your limit in multiples of 1,000 km* if you need more coverage.
This cover is perfect for anyone who doesn’t want to pay a flat yearly rate for their car insurance and is also ideal if you don’t use your car very often. For example, if you work from home, live near your office and use public transport or own multiple vehicles, then you can benefit from reduced premiums by getting this add-on.
Return-to-Invoice Cover
In case of total loss or theft, you receive the purchase price of the vehicle after accounting for depreciation. It covers not just the vehicle’s ex-showroom price but also includes the first-time registration charges, road tax & applicable insurance cost, which you have incurred on the insured vehicle.
Engine Protector Cover
The engine is the most important part of your car. It’s also the most expensive part to repair if it gets damaged. For example, floodwater entering the air intake vents of your car can lead to a hydrolock, which can bend or break engine parts. The water can also seep into other parts of the engine – it could mix with the engine oil, causing rust and internal wear and tear, and it could short-circuit electrical components. All of this can result in a high repair bill, and if the damage is severe, you may even have to replace your car's engine entirely.
But don't worry, we will cover the full repair and replacement cost of your car engine for damage caused by floods, oil leaks and accidents. This entire process can also be done cashlessly if you get your car repaired at any of our network garages.
Tyre Protector
The tyre protector add-on will cover the repair and replacement costs of your car tyres in case they are damaged due to accidents or poor road conditions, resulting in cuts, punctures, bulges or tyre blowouts. We will also pay for any service or labour charges and the cost of consumables during the replacement or repair of your damaged tyres. A maximum of 4 tyre replacements* will be allowed during your policy period. And any claims under this cover will not affect your No Claim Bonus discount during renewal, provided you haven’t filed any other type of claim under your policy.
Key Protector Cover
We cover replacement costs for lost, stolen, or damaged keys (including smart-key reprogramming) and lock set repairs. It is perfect for modern cars, particularly those equipped with pricey key fobs or keyless ignitions (e.g., push-to-start buttons). For instance, if your car has a push-to-start feature, you won’t really need to use your key often. So, you’re more likely to lose your keys. In these cases, having a key protector add-on makes sense, as it’s more expensive to replace these types of key fobs.
We will also reimburse you for the cost of replacing your locks and keys if your insured vehicle is broken into. The covered cost includes the labor cost for replacing the lock.
Consumable Expenses
You're covered for consumables like gearbox oil, lubricants, nuts & bolts, screws, distilled water, grease, oil filter, bearings, washers, clips, brake oil, fuel filter, air conditioner gas and items of a similar nature, which are usually not covered under standard car insurance plans. These costs can add up and result in a higher repair bill, so we recommend getting this add-on if you’re looking to lower your out-of-pocket costs.
Rim Protector
It protects those stylish alloys or steel wheels that standard policies exclude. Whether you have factory-fitted rims, aftermarket wheels or have upgraded to alloys, we will cover repair and replacement costs for all of them, including the cost of consumables and any service or labor charges.
Your car rims will be covered for damage caused by curbs, bad road conditions or accidents. Also, claims under this cover will not affect your NCB discount during renewal, provided you haven’t filed any other type of claim.
24/7 Roadside Assistance
Get emergency towing, fuel delivery, flat-tyre changes, jumpstarts, and on-site repairs anytime through our helpline or the IndusInd Insurance app. This service is available 24/7, so you can reach us from anywhere. Simply call us or tap on “Service Request” to get started. We’ll be there to help get your car running again, so you can get to the nearest garage and get it repaired. If you use your car daily, we recommend adding this add-on for extra support.
Loss of Personal Belongings
We cover the loss of valuables, like laptops or phones, stolen from your locked car. Ideal for anyone who wants to account for theft in case they store their personal belongings in their car. For example, you could leave your laptop in your car while you step out for a bit, only to discover that it’s been stolen from your car when you get back. In these types of cases, with the loss of personal belongings add-on, you can file a claim, and we’ll cover the loss.
Daily Allowance Benefit Plus
If repairs at an authorised garage exceed three days*, you receive a daily cash allowance to cover alternative transport costs like cabs or train fares. For example, if your car was scheduled for repairs at a garage for 6 days and you need to arrange for alternate transport, this add-on can be useful, as it can help you cover cab fees until you get your car back.
EMI Protection Cover
Covers your monthly car‑loan EMIs if repairs take longer than 21, 42, or 63 consecutive days* — easing financial stress during extended garage stays. Repair time is counted from the date of claim intimation or delivery of the vehicle at our authorised garage, whichever is later.
NCB Retention Cover
Retain your No‑Claim Bonus discount even after making a claim in the policy year, so you don’t lose out on future premium savings. We allow up to 1 claim per year* under this cover. This means that you can still file claims under your car insurance policy without losing your accumulated NCB bonus.
Voluntary Deductible
This is an additional payment you choose when buying the policy. It lets you choose a higher deductible to add to your existing mandatory deductible amount. Doing this helps you lower your policy premium.
Hospital Cash Cover
Offers a daily cash benefit if you're hospitalised due to a car accident, provided you’re hospitalised for a minimum of 24 consecutive hours. This add-on will also cover medical costs for unnamed passengers travelling in the insured vehicle at the time of the accident. A deductible of 2 days (48 hours) will apply to this cover for each claim.
Preferred Network Garage Benefit
You get additional discounts on own damage premiums, enhanced services and faster claims when you get your car repaired at company-selected preferred network garages.
Disclaimer: The list of add-ons provided under your plan and the coverage limits provided under each add-on are subject to change based on your chosen policy. You can find the full list of add-ons with the most up-to-date coverage limits linked here.
Optional Add-Ons
Here’s a quick overview of our optional add-ons and their availability with the different types of IndusInd car insurance plans:
Add-On Cover | Comprehensive | Own-Damage | Third-Party |
|---|---|---|---|
Nil Dep | |||
RTI Cover | |||
Engine Protect | |||
Daily Allowance | |||
EMI Protect | |||
NCB Retention | |||
Personal Accident |
Disclaimer: The above table provides a simplified overview of the popular types of four-wheeler insurance policies based on general features. Actual coverage and benefits can vary based on specific policy terms and conditions. Check the policy wordings to explore the complete list of features and coverages offered.
How to Choose the Right Car Insurance Policy?
Evaluate Your Coverage Needs
Assess how you use your car – Do you drive it daily? Occasionally, every other weekend? Do you own multiple vehicles? – Answering these questions should give you insight into what policy type will suit you most. For example, if you use your car daily, a comprehensive plan may be ideal. If you use it occasionally, a usage-based plan like PAYD may suit you more.
Compare Third-Party vs Comprehensive
Choose between comprehensive cover, own-damage or third-party. Comprehensive plans cover your car and damage to others. Own-damage protects your car only. Third-party is legally mandatory. We offer all three plans with a range of bundled options for customised coverage once you provide your car details.
Check IDV & Add-ons
IDV is the maximum amount you can claim if your car is stolen or damaged beyond repair. A higher IDV means better coverage but slightly higher premiums. A lower IDV reduces the cost but limits your claim value. We offer an IDV range to choose from based on your car’s make and model, so that you can choose the best one suited to you.
Add-ons offer extra protection beyond what your base car insurance plan offers you. For example, standard insurance will not cover the cost of consumables during repairs. But with a consumables add-on, these costs are covered. We recommend going for add-ons like Engine Protector, 24/7 Roadside Assistance, Nil Depreciation, Consumable Expenses Cover and Key Protector – which are also our most popular add-ons.
New Car vs Old Car Considerations
The age of your car also plays a role in determining what type of policy to choose.
For instance, if you have an older car, it may be best to go for a third-party car insurance policy, as most add-ons under a comprehensive plan would no longer be applicable when your car ages past a certain number of years.
For a newer car or if you use your car daily, we recommend getting a comprehensive car insurance plan for all-around protection.
Check for Discounts
Many insurance companies offer additional online discounts under car insurance. Here are some common ones to check for during purchase and renewal-
50% NCB Discount
This is automatically factored in during renewal for consecutive claim-free years. We recommend pairing this with our NCB Retention add-on for maximum benefits.
2.5% Off on OD Component for ARAI Anti-Theft Devices
You get 2.5% off* per year on the OD component of your car insurance policy every year if you’ve installed ARAI-approved anti-theft devices on your car.
5% Off on OD Component for Automobile Association Membership
If you’re a member of a recognised automobile association (like WIAA), you get a 5% discount* on your OD component every year.
Voluntary Deductible
These are optional and can reduce premiums by 10-20%. It’s a specific amount you must pay out of pocket during a claim while the insurer covers the rest. Only opt for them if you can comfortably pay the voluntary deductible amount.
Evaluate the Insurer’s Network and Service Quality
Examine the Insurer’s Network & Services
Check the services the insurance company offers, as these are usually what make or break your experience as a policyholder
Does the insurer have a wide network of garages in your city or area? – IndusInd for example, has 11,000+ network garages* across India.
How good is their customer support? – Check for 24/7 customer support
Do they offer online access to their services? – IndusInd offers an all-in-one mobile app for claims, renewals, policy management and customer support.
How high is their claims settlement ratio (CSR)? - A higher CSR is usually indicative of how likely they are to settle your claims. Anything above 95% is usually considered a good ratio.
Read the Fine Print
Check the IDV/IDV range being offered.
Confirm the add-on list offered.
Check for major exclusions or special conditions. These are usually standard across insurers, but check these to be sure.
If you have any doubt regarding coverage, like whether your policy will cover CNG kits, accessories, modifications, etc., get them clarified before policy purchase.
Claim Process – How to File a Car Insurance Claim Online
When an accident happens, and you need to file a car insurance claim, knowing how the procedure works can make the situation much less stressful. Let’s walk through the step-by-step car insurance claim process for a typical own-damage claim (damage to your car).
Cashless
You must inform us within 24 hours or register your claim on the IndusInd Insurance mobile app.
Visit a network garage for repairs. We will send a surveyor to check the extent of damage to your car.
You can also do a Self-inspection using the IndusInd Insurance app, just submit photos or join a live video survey.
Submit all your claim documents and wait for approval from our team. This can take 7 days (after document submission).
After we approve of your claim, we pay the bill directly to the garage and drop off your car at your address.
Reimbursement
You must notify us within 24 hours. You can also register your claim instantly on the IndusInd Insurance app.
Go to any garage of your choice to get your car repaired. Pay the repair bills and keep all bills and receipts.
Register your claim on our website. Download and fill out the claims form and upload it with your other documents.
As part of the document verification, upload RC, car insurance policy certificate, driver's licence, FIR (if needed), and repair estimate.
Upon approval of your claim, we will transfer the claim amount directly to your bank account.
Disclaimer: For precise claim-related information, please refer to our policy documents or get in touch with our customer helpline.
Documents Required
Claim Form: Duly filled and signed claim application form. You can even submit it online on our website.
Car Insurance Policy Copy: A copy of the car insurance policy document to check the coverage and validity of your policy.
Driver’s Licence Copy: A copy of the Driver’s Licence to check if you were authorised and fit to drive the car.
Car RC Certificate: Registration Certificate (Registration Card) to verify the car’s ownership details.
FIR Copy: Copy of the FIR required in case of third-party damages, accidents or theft of the car.
RTO’s Letter of Acknowledgement: Copy of the Letter of Acknowledgement addressed to the RTO to inform them of the theft of your vehicle (in case of theft of the car)
Disclaimer: For precise claim-related information, please refer to our policy documents or get in touch with our customer helpline.
Cashless vs Reimbursement Claims
Parameters | Cashless Claims | Reimbursement Claims |
|---|---|---|
Definition | Instant car repair cost settlement at a network garage without upfront payments | Manual claim process for insurance with customer-paid repairs |
Procedure | Quick digital verification, after which repairs are permitted, and bills are settled | Requires comprehensive bill submission and claim documentation |
Convenience | No upfront payments. Get your car repaired quickly. | Choose your preferred and trusted garage for repairs. |
Financial Impact | Almost no out-of-pocket expenses during car repairs | You pay initial repair costs and wait for reimbursement from the insurer |
Steps to Download Your Car Insurance Policy
How to Download from Our Website
Log in to your account and navigate to your dashboard. Here you will see your car insurance policy. Click the download option to download and save onto your PC or laptop.
How to Download from the IndusInd Insurance App
Open the IndusInd Insurance app and log in to your account with your mobile number. Tap “My Policy” and click the download option under your policy.
How to Retrieve a Lost Policy
You can do this by downloading another copy online, either through our website or on the IndusInd Insurance app.
How To Check Policy Validity Before Download
You can check your policy validity by logging into your account on our website or via the IndusInd Insurance app by tapping on “My Policy”.
Car Insurance for Different Scenarios
Brand New Car (<1 year old)
Scenario: You just bought a brand-new car (congratulations!). It’s shiny, expensive, and you might have a loan on it.
Mandatory Plan: Mandatory 3-year comprehensive car insurance (OD + TP plan bundled). Aim for maximum protection for the first few years after purchase.
Key Add-Ons:
- Nil Depreciation: Get the full claim amount + minimise out-of-pocket costs
- Return to Invoice (RTI): To account for car theft and major accidental damage.
- Engine Protect: Useful if you live in flood-prone areas or if you plan to drive during the monsoon
- Roadside assistance (RSA): New cars aren’t immune to breakdown or flat tyres. RSA ensures you’re not stranded.
- NCB Protection: To accumulate + safeguard your NCB discount.
Optional Nice-To-Have:
- Key Protection: For keyless ignition models
- EMI Cover: If you bought your car on a loan.
- Consumables Cover: Minimises out-of-pocket costs during claims
5+ Year Old Car
Recommended Plan: Comprehensive policy, still, if you want damage cover.
Add-Ons Suggestions:
- Consider dropping nil dep if your car is very old.
- Keep/opt for roadside assistance: Older cars are most prone to breakdowns
- Engine Protect if you live in flood-prone areas.
High-End Luxury Car
Recommended Plan: Comprehensive with all key add-ons. Luxury cars have expensive parts, and you need as close to full coverage as possible.
Key Add-Ons:
- Return To Invoice: The most important add-on for your pricey investment. Luxury or rare cars attract thieves because of their high value, so it’s best to insure against theft.
- Nil Depreciation: Get the full claim amount, since these cars have special parts that are hard to find and cost extra to repair.
- Engine Protector: These cars have more powerful engines, and parts are hard to find, so it’s best to insure the most expensive part of your car
- Tyre Protector: Potholes, waterlogged streets and unpaved terrain can be particularly unforgiving on their tyres, so it’s best to insure them as well.
- 24/7 Roadside Assistance: 24/7 service to get your ride to the nearest garage for quick repairs.
- EV Add-Ons: EV Battery Protection, Electric Motor Protect, EV Charger Cover – In case you’ve bought a hybrid or EV model.
Optional Nice-to-Have:
- NCB Retention: Safeguard your NCB discount to save on premiums, since these cars have higher IDVs and premiums.
- Pay As You Drive: Only if you don’t drive your car often and only take it out for special occasions.
- Rim Protector: Protect those stylish alloy rims from scratches, dents and any other impact damage.
- Key Protector: For those pricey key fobs, lock replacement and key reprogramming costs.
Daily City Driving
Scenario: Your car’s your go-to for daily office commutes, errands, and family weekend trips. However, city traffic and rush hour can test any driver’s ability to prevent dents and scratches.
Recommended Plan: Comprehensive car insurance plan
Key Add-Ons:
- Nil Depreciation: Minimise out-of-pocket cost for repairs and replacement.
- Consumables Cover: Helps minimise your out-of-pocket costs since consumables like nuts, lubricants, water, etc., generally aren’t covered and can increase overall repair costs for major repairs.
- Engine Protect: Covers repair and replacement of the engine and its parts. For flood or disaster-prone cities where sudden rains are commonplace.
- NCB Protector: Since minor claims could otherwise cause you to lose your NCB.
Occasional Users or Multiple Vehicle Owners
Scenario: You rely more on public transport for convenience or cost efficiency, or you use your bike to get around town.
Recommended Plan: Pay-as-you-drive insurance (with your OD or comprehensive policy)
Key Add-Ons:
- NCB Retention: To save on premiums while still allowing you to file claims
- Nil Depreciation: Recommended for all cars.
- Return to Invoice: Best for new cars to cover the risk of theft and total loss.
- Key Protect: You're more likely to lose your keys from lack of use rather than frequent use, as you’ll be more prone to misplacing them.
EV Car Owners
Recommended Plan: Comprehensive car insurance plan
Key Add-Ons:
- EV Battery Protection: Protect the most expensive part of your EV
- Electric Motor Protect: For hybrid models, since electric motors often need to be fully replaced if even one part is damaged
- EV Charger Cover: Cover your wall charging unit, since these aren’t cheap either.
- We’d also recommend Nil Dep, RTI, NCB protection and RSA.
Car Insurance For Old / Secondhand Cars
Benefits of Buying Car Insurance Online
Lower Premiums + Online Discounts
We offer up to a 90% discount* on premiums for car insurance policy purchases. We also offer other discounts, including a 50% NCB discount*, 2.5% off* on OD component every year for installing ARAI-approved anti-theft devices on your car, and 5% off* on OD component every year for having a membership in a recognised automobile association.
Paperless Claims
With our IndusInd Insurance app, you can easily file car insurance claims on your phone. Just tap “InstaClaim” and choose the video claims feature. You can also use the app to locate the closest cashless garage instantly. And in case of breakdowns, our 24/7 Roadside Assistance (if you got the Roadside Assistance add-on) services are just a phone call away.
Instant Policy Issuance
The buying process is fully online via the IndusInd Insurance mobile app with a quick KYC process. Once payment is made, your car insurance policy is issued instantly. And since buying and renewals are fully online, you no longer have to visit our branch or contact an intermediary. It saves you the visit and time by allowing you to buy or renew on the go.
Easy Renewals
Never miss out on a renewal with our Auto-Renewal feature. And if you prefer to do this manually, no problem! Quickly renew your policy on our website or via the IndusInd Insurance app on your phone. All you need is your policy number or your car’s registration number. You can also easily upgrade and modify your policy to add or remove coverage, all in just a few clicks!
Disclaimer: Discount percentages are subject to change based on the age of the vehicle, vehicle make and model, and your chosen plan options. You can always contact us to ensure you have the most up-to-date information on your applicable discount percentages.
Car Insurance Policy Transfer (Portability and Ownership Transfer)
Portability
With us, anyone holding a car insurance policy from another company can renew with IndusInd. Their NCB discounts and additional bonuses also transfer
Own Damage vs Third-party in Portability
If you have a long-term 3-year third-party plan with a 1-yr OD, and you want to switch your OD insurer after that 1 year, you can buy your next OD car policy with us.
No Claim Bonus is Transferable
Your NCB discount is fully transferable if you’re porting your policy. It moves with you, and there will be no change in the discount percentage during transfer either.
So, if you’re transferring your policy to a new owner after selling your car, the NCB stays with you.
Ownership Transfer (When Selling Your Car)
If you’re the buyer: Transfer insurance to your name if you’re the buyer. Get the policy endorsed in your name from the insurer. This requires your updated RC copy.
If You’re the Seller: Either transfer or cancel your plan to avoid any liabilities after the sale.
Compare Car Insurance Online
Comparing plan features is often the best and quickest way to determine which policy you want to buy. This will give you a good overview of what’s covered, what’s not covered and what you want coverage for.
Factors to Compare | Comprehensive | Own-Damage | Third-Party |
|---|---|---|---|
Damage To Your Own Vehicle |
| ||
Damage To Third-Party Vehicle / Property |
| ||
Customise Car IDV | |||
Damage Due To Fire | |||
Damage Due To Natural Calamities | |||
Losses Due To Theft |
Disclaimer: The above table provides a simplified overview of the popular types of four-wheeler insurance policies based on general features. Actual coverage and benefits can vary based on specific policy terms and conditions. Check the policy wordings for IndusInd Car Insurance plans to explore the complete list of features and coverages offered. Make an informed decision that provides the best protection for your vehicle.
IGI Expert Advice
Daily Commuters
Our comprehensive car insurance policy. This is the best plan for all-around coverage. Also consider pairing your plan with one of your add-on bundles.
EV Owners
Our comprehensive car insurance policy + our 3 EV add-ons. You can also get other useful add-ons like NCB Protection, Nil depreciation, RTI and key protect.
Low-Mileage Drivers
The PAYD add-on is ideal since it offers premiums based on usage. If you’re on a budget, a third-party car insurance policy is recommended.
Not Comparing Coverage
Don’t accept the first quote you see, and check if you’re eligible for any discounts. Comparing multiple plans will help you find the best value and coverage.
Focusing Only On The Lowest Price
A lower premium policy may not provide sufficient coverage and could result in a poor claims experience. Plus, opting for just a basic cover could leave you vulnerable to high repair bills in case your car gets damaged.
Ignoring Insurer Reputation
The insurer is just as important as the policy, and they dictate your experience as a policyholder. So, look for a company with a high claims settlement ratio, a wide network of cashless garages, and a simple claims process with minimal paperwork.
Poor Customer Service
If your current insurer offers poor customer service, like lengthy claims, high premiums, no online services or a lack of coverage options, it may be time to switch to a different insurer.
Changes in Driving Record
A major accident or other incidents can increase your car insurance premiums, so it’s a good time to shop around to see if you can find a better rate with other insurers.
Life Events
Events like moving to a different city or buying a new car can affect your premiums, so it’s a good time to compare quotes with other insurers.
Car Insurance Terms You Need to Know About
To make informed decisions and avoid confusion during claims or renewals, it is important that you understand key car insurance terms. Here are some you should know:
Third-Party Coverage
This is the minimum legal requirement for car insurance in India and is mandatory for all car owners. It covers the expenses if your car causes injury or property damage to someone else. It doesn’t protect your own car, but saves you from legal and financial expenses.
Own Damage
This covers the cost of repairs to your own car if it gets damaged in an accident, fire, natural calamity or vandalism. However, it doesn’t cover depreciation unless you buy an add-on like Nil Depreciation. This can be paired with an existing third-party plan as it provides essential coverage for your car, and it's a very important part of your car insurance policy.
Personal Accident Cover
This is a mandatory cover for the car’s owner-driver. It provides coverage up to ₹15 lakhs* for injuries, permanent disability and loss of life caused by a car accident. You only need one PA cover, even if you own multiple vehicles, so if you don’t already have one, you can choose to buy one during policy purchase. Note that this will cost extra since it’s an additional cover that you’re adding to your plan.
Insured Declared Value (IDV)
IDV is your car’s current market value. It is the maximum amount your insurer will pay if your car is stolen or completely damaged. At IndusInd General Insurance, we offer an IDV customisation feature during policy purchase, where you can choose your IDV amount under the plan. The range provided will be based on your car’s age, make/model and depreciation.
No Claim Bonus (NCB)
If you don’t file any claims during a policy year, you earn a No Claim Bonus, starting at 20% and going up to 50%* over five claim-free years. However, even one claim can reset your NCB to zero. You can protect it with a No Claim Bonus protection add-on.
Cashless Garage
These are garages that have a pre-existing agreement with your insurer. If your car is repaired here, you don’t have to pay upfront, the insurer pays the garage directly. With IndusInd General Insurance (formerly Reliance General Insurance), you can locate one easily using the IndusInd Insurance App or website.
Depreciation
As your car ages, its value goes down due to normal wear and tear. This reduction is called depreciation. Standard policies don’t cover this unless you opt for a Nil Depreciation add-on.
Deductible
This is the amount you pay out of your pocket during a claim. There are two types. Compulsory deductible is set by MoRTH in compliance with IRDAI based on your car’s engine size. Voluntary deductible is an amount you choose to lower your premium, but it increases your share of repair costs during a claim.
Consumables
Items like engine oil, brake fluid, nuts and bolts are considered consumables. These wear out with regular use. Standard policies don’t cover them unless you buy a Consumables Cover add-on.
Add-On Cover
These are extra covers you can buy to enhance your base policy. Common ones include Nil Depreciation, Engine Protector, Return-to-Invoice, Key Protect and 24/7 Roadside Assistance. They offer extended and more targeted protection but come at an extra cost.
Key Takeaways
Whether you use your car for weekend family trips, daily commutes to the office, or to drop your children off at school, you need car insurance. That’s because even the toughest of cars and SUVs aren’t completely immune to damage. Things like road accidents, flash floods, and poor road conditions (such as potholes, loose gravel, and unpaved roads) can cause significant damage to your car.
For example, let’s say you drive a hatchback and hit a pothole, leading to a tyre blowout and damage to the exhaust pipe. Without car insurance, you’ll need to pay anywhere from a few hundred to several thousand rupees, especially if critical components like the exhaust pipe or oil pan are damaged.
With IndusInd General Insurance, you’re covered for these repair costs under our comprehensive car insurance plan. With prices starting at just ₹238/month* and over 15 add-ons with 3 EV-specific covers, we ensure you get affordable coverage without compromising on protection.
Whether you’re claiming cashlessly at one of our 11,000+ network garages across India or using the IndusInd Insurance app’s video claim feature, we ensure claims are quick, easy and promptly settled, evidenced by our high claim settlement ratio.
You can also easily download your IndusInd car insurance policy and have it saved on your phone to quickly verify your insurance status with the traffic police if you are ever pulled over. With IndusInd General Insurance, getting car insurance has never been easier.
IndusInd General Insurance
Aapke Protection ka All-rounder
Car insurance starting at just ₹238 per month*!
Get tailored protection with us!
Get all-around protection for your car with us! We also settle claims cashlessly when you opt for repairs at any of our 11,000+ network garages.
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