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7 Ways to Power Up Your Motor Insurance


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Does your motor insurance policy give your vehicle all round protection? Watch this slideshow to know the simple ways in which you can power up your motor insurance policy for the best possible cover.

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7 Ways to Power Up Your Motor Insurance

  1. 1. 7 Ways to Power UpYour Motor InsuranceGet the best possible on-the-road protection!Powered by
  2. 2. • Sharing maximum informationabout your vehicle helps theinsurer evaluate risk on yourvehicle• Details like – model/make, age,kilometres run, parking place anduser-specific details (your age,gender, profession) are helpfulCustomers who share moreinformation can get the benefit of areduced premium.Share More Information
  3. 3. • Add-on covers enhance yourpolicy by offering extra protectionagainst unforeseen damages notincluded in your base policy• Some common add-on coversare – 24x7 roadside assistance,depreciation cover, return toinvoice cover, cover for damage tointernal engine partsAdd-ons are the easiest way toenhance your policy.Take Add-On Covers
  4. 4. • Opt for a voluntary deductible byagreeing to a co-payment at thetime of making a claim• Voluntary deductibles help yousave on your premiumVoluntary deductibles should beopted for only by confidentdrivers who are sure that they willnot make major claims on theirpolicy, and few claims overall.Opt for a Voluntary Deductible
  5. 5. • Timely renewals help bring downthe premium by virtue of the NoClaim Bonus• Ensure that you are seamlesslycovered from any untowardincidentCheck your car or insured’sdeclared value at the time ofrenewal. This IDV should reflectthe resale value of your car.Renew Your Insurance on Time
  6. 6. • Get the benefit of a claim-freepolicy, which leads to a No ClaimBonus at the time of renewal• Continuous claim-free yearsmean that your NCB increaseseach yearThe discount you get on thepremium via NCB is often far moresubstantial than the cost of a smallclaim.Do Not File Small ClaimsYear 1Year 3Year 520%35%50%
  7. 7. • Get a faster claim processingsystem• Be guided to a preferredworkshop by your insurer as wellas other paperwork.Just ensure that you mention anyThird Party (TP) Damage in theclaim form.Inform Your Insurer of Damage Promptly
  8. 8. • Stay updated on the status ofyour claim• Get information about your claimbeing resolved as soon as it isdoneWith SMS alerts, the need to callthe customer care centre againand again to ask about your claimprocessing is eliminated.Register for SMS Alerts
  9. 9. Thank YouGet the best possible on-the-road protection!Powered by
  10. 10. This 2-Minute Learning series isbrought to you by