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Top 10 Car Insurance Companies in India 2020

In a country like India where diversity always takes the lead, how can there be no variety in terms of choosing the very best car insurance companies? there are a plethora of motor insurance companies in India. 

Here, I’ll assist you with the very best 10 car insurance companies in 2020 on the thought of a spread of things like claim settlement ratio, coverage, cashless garage network, benefits, etc, and much more.

Picking the right car insurance could also be a matter of great concern for every owner of a car in India. 

As per the automobiles Act 1988, it’s mandatory for all automobile owners to possess a minimum of a third-party motor insurance cover.


Choosing the very best car insurance company is equally stressful as buying the only car for the first time. 

Sometimes you tend to buy for car insurance from an insurer that confuses you, which successively, can cause a severe problem.


In terms of choosing the very best car insurance companies in India, the wisest decision is to always make yourself familiar with the varied car insurance schemes that are available within the market compare them on the thought of your purpose and requirements that satisfies your insurance needs. 

To make this task slightly bit simpler, I’m providing you with the names of the highest 10 best car insurance companies in India for the year 2020.

Best car insurance company


1. ICICI Lombard General insurance firm Limited


ICICI Lombard General insurance company is undoubtedly one of the very best private general insurance firms in India. 

It’s a pet project of ICICI Bank. ICICI Lombard General Insurance features a stronghold within the insurance marketplace, particularly for car insurance. 

These are the reasons why ICICI Lombard is within the highest 10 car insurance companies in India in 2020. 


ICICI Lombard General insurance company products are meticulously designed to satisfy the wants of consumers from both rural and concrete population. 

The company offers to protect private, business, and project liabilities too. car insurance from ICICI Lombard offers the next benefits and coverage options:


Damage or loss to the vehicle because of various natural calamities.

Damage or loss to the vehicle because of various man-made calamities.

The company offers 6 months of quality assurance on all repairs with their car insurance plans.

Third-Party Legal Liability is roofed.

Ensures you a smooth ride since you'll avail cashless repair throughout an honest network of garages.

The company offers a simple and hassle-free car insurance claim settlement procedure.

Personal Accident Cover is additionally offered.

Free pick-up, wash benefit, and towing facility, etc are offered at the chosen network garages.

The reimbursement is usually claimed if the vehicle is repaired during a garage outside the purview of ICICI Lombard’s network.


2. HDFC Ergo General insurance firm Limited


The features and benefits of HDFC Ergo car insurance company are: –

The company features an outsized customer base of quite 1 crore policyholders which signifies that the company enjoys great trust.

The company offers overnight car repair services where the repair is completed within a night and thus the car is delivered to your doorsteps.

The company offers approvals for its claims within half-hour through online verification of QR codes making claim settlements easier

HDFC Ergo features a good network of 6,800 garages that provide a cashless facility that creates repair works hassle-free

The simple application process and multiple policy options also make HDFC Ergo a gorgeous car insurance option.


3. Bajaj Allianz General insurance firm Limited


Bajaj Allianz General insurance company is among the very best 10 best car insurance companies in India. 

Bajaj Allianz is actually a joint commercial enterprise between Bajaj Finserv Limited and Allianz SE. Bajaj Allianz began its operations within the year 2001. the company has offices located in additional than 200 towns and cities everywhere India.

Bajaj Allianz General insurance company caters to the individual insurance requirements of consumers. the company provides you with a spread of insurance products. 

Bajaj Allianz features an enormous customer base in India, which makes them one of the only car insurance companies in India in 2019.

The company has developed technologically sophisticated platforms like mobile and digital applications to supply the overall public needs. 

As a general insurance company, Bajaj Allianz takes pride in delivering sky-scraping value to its customers. the car insurance policies on offers from Bajaj Allianz accompany a spread of benefits and coverage like:


The insurance firm offers 24x7 Roadside Assistance facilities.

The company allows you to transfer 50% of No Claim Bonus (NCB) from the opposite motor insurer.

Bajaj Allianz has an in-depth range of cashless garage network with 4000+ garages across India.

Comes with the choice of availing car monitoring devices through unique DriveSmart Telematics Service from Bajaj Allianz.

As one of the rider options, Bajaj Allianz car insurance comes with Zero depreciation cover.

You can avail cashless claim settlement services at 4000+ preferred network garages everywhere India.

Based on the necessity and when liability is above a specific limit you'll receive 75% on account payment facility.

Towing Facility is provided by the company within the event of an accident or a vehicle breakdown.


4. Reliance General insurance firm


Reliance General insurance company in India the very first insurer to receive the ISO 9001:2000 certificate for providing end-to-end services of various general insurance products offered everywhere India. 

There is a spread of special features of benefits that are offered with Reliance General car insurance plans.


Reliance General features an enormous network of cashless garages with quite 3800 garages everywhere India.

Reliance General offers a moment renewal of motor insurance with none paperwork 24x7 Roadside Assistance is provided by the company Comes with comprehensive vehicle insurance cover.

Let’s you decide on from a spread of effective Add-on covers to reinforce your protection.


5. Bharti AXA General insurance firm Ltd.


With 79 offices operating everywhere India, Bharti AXA General Insurance features an enormous customer base. 

Bharti AXA has issued almost 9.8 million insurance policies. the company has also settled around 1.3 million claims in total, as of October 2017.

In essence, Bharti AXA General insurance company Ltd. could also be a joint business partnership between Bharti Enterprises and AXA. the company began its operations within the year 2008. 

Bharti AXA provides comprehensive and innovative insurance solutions for various sectors like health, home, motor, etc.


The company also offers 24X7 claims assistance to its nationwide consumers’. variety of the key features of Bharti AXA car insurance comprise:

Widespread cashless garage facility with 2,500+ registered garages everywhere India.

Comes with special add-on covers like Zero Depreciation Cover, No-Claim Bonus Protector, etc.

Bharti AXA General Insurance offers a quick and hassle-free claim settlement.


Benefits of car insurance


6. Tata AIG General insurance firm Limited


Tata AIG General insurance company Limited is actually a joint commercial enterprise between the Tata Group and American International Group (AIG). 

Tata AIG commenced its operations within the year 2001. The firm provides a broad range of general insurance products for business and personal requirements everywhere in India.

Different insurance products Tata AIG General Insurance comprise of personal Accident, Marine Cargo, Liability, Extended Warranty, Travel, Rural-Agriculture Insurance, etc. 

The company is powered by 2,500+ employees and 9,400+ agents to serve the overall public nationwide

Tata AIG General Insurance offers its insurance services in 98 locations with 152 branches spanning across the country. 

All of these factors give Tata AIG General insurance company a spot among the very best motor insurance companies in India in 2019.


Tata AIG basically offers 5 plans with their motor insurance segment:


Liability Only Policy

Auto Secure-Two Wheeler Package Policy

Auto Secure-Private Car Package Policy

Long-Term Two Wheeler Package Policy

Auto Secure-Commercial Vehicle Package Policy

You can freely choose from anybody of the above-mentioned motor insurance policies that match your insurance requirements.


7. Royal Sundaram General insurance firm Limited


The features and benefits of Royal Sundaram car insurance company are:-

The company’s car insurance policy promises a 100% refund of the invoice price of the car just in case of total loss or theft.

Free coverage for flat and emergency fuel delivery is out there under its car insurance plans.

A range of in-depth add-ons is available for a much better coverage scope of your car insurance policy.

These are a variety of benefits offered by the Royal Sundaram car insurance company for the policyholders. 

you will get detailed information about car insurance plans from Royal Sundaram.


8. The New India Assurance Co. Ltd.


The New India Assurance Co. Ltd is actually a multinational general insurance company. It operated in 28 countries worldwide. 

New India Assurance has its head office in Mumbai, India. New India Assurance is one of the oldest general insurance companies in India that are owned and operated by the govt. of India.

New India has been operating for over 40 years. New India features an enormous customer base and operates from 2,452 offices comprising of 1,339 micro offices spanning everywhere India. 

New India assurance has 17,702+ dedicated employees to serve the overall public with the only insurance solutions.

New India Assurance has quite 230 insurance products on offer for his or her customers. 

The car insurance plans from New India provide a comprehensive cover from all the aspects of a motor policy.


9. United India Insurance Co. Ltd.


United India insurance company Limited began its operations in India in February 1938. With over 1300 offices, the company features a robust base in India in terms of providing quality insurance solutions.

United India features an enormous labor force of around 18,300 employees. the company is one of the foremost trusted insurance providers with a customer base of mammoth 1 Crore policyholders within the country.


United India insurance company also has micro offices spanning at 200+ tier II and III towns and villages to serve the agricultural population. 

The car insurance policies from United India have the next key features like:

United India offers basically two kinds of car insurance plans: 

Package Plan and Liability Plan.

The company offers a hassle-free and easy documentation procedure.

You can avail of attractive discounts alongside the No Claim Bonus (NCB).


10. IFFCO Tokio General insurance firm Limited 


The features and benefits of IFFCO Tokio car insurance company are –

The company offers completely transparent products and services so as that you simply recognize what you're buying

The claim settlement process of the company is quick and efficient ensuring that you simply get your claims settled within 4 hours.

The company has various awards in its name which make it a reputed company.

IFFCO Tokio car insurance offers protection from damages arising out of accidents and thefts, 

The company features a claim settlement ratio of about 79.19% and is known for its fast turnaround to issue policies with minimal documentation.


You'll read more about the IFFCO Tokio insurance company and flick through their plans below.


 

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