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Car Insurance

Car insurance is a type of motor policy that protect you from financial loss occurred due to damages such as theft, third-party damage, man-made and natural calamities. With valid car insurance you can get financial and legal protection against the damage caused by your car. Comprehensive insurance policy for car provides protection against damage caused to your own car. As per the Motor Vehicles Act of 1988, if you own a car, it is compulsory to have at least third-party car insurance to cover damage(s) caused to others.

What Is Car Insurance?

Car Insurance, is a legal agreement between a car owner and an insurance company. The insurance company promises to cover the costs if any damage occurs to your car that could lead to financial loss.

There are three different types of car insurance policies that have different levels of coverage: Third-Party Car Insurance, Standalone Own-Damage (OD) Car Insurance, and Comprehensive Car Insurance.

It’s important to renew your car insurance policy on time so you can keep enjoying the benefits of your chosen coverage.

Key Features of Car Insurance Policy

The following are the salient features of a car insurance policy.

Highlights Benefits
Third-Party Cover Coverage for third-party injury and property damage.
Own Damage Cover Covers the damage and loss incurred by the insured car.
Customizable Add-on Covers Various add-ons are available based on the policy such as zero depreciation cover, return to invoice cover, roadside assistance, etc.
Compulsory Personal Accident (PA) cover Cover of ₹15 lakh for permanent disability/death while driving.
Cashless Claim Available at the network garages of the insurer.
No Claim Bonus Up to 50%

Why do you need Car Insurance?

Car insurance provides several benefits to policyholders. Let’s look at some of the top benefits of buying car insurance online.

Keeps you in-accordance with the law

Car insurance helps you comply with the law as it is mandatory for car owners in India to have at least third-party car insurance. Failure to comply can result in a fine of ₹2,000 and/or imprisonment for up to 3 months.

Financial protection against Losses

A car insurance policy can help you save money by covering huge expenses incurred due to damages and losses caused during accidents, natural calamities, fire, theft and other unforeseen circumstances. This can also help you avoid hefty traffic fines.

Protection against third-party liabilities

In case you accidentally hit someone, a car, or someone’s property, your car insurance will cover the damages and losses incurred to the third-party. The compensation for third-party property damage is limited but there is no compensation cap in case of third-party bodily injuries, disability or death.

Own-damage protection

Car insurance also covers the own-damage expenses of your car incurred in road accidents, natural calamities, man-made disasters, fire, explosion, vandalism, etc.

Coverage against theft

Car insurance also covers you in case your car gets stolen. Your insurance company provides you with your car’s Insured Declared Value (IDV).

Personal accident cover

Car insurance also offers personal accident cover of up to ₹15 Lakh in case of death, bodily injuries, or disability of the policyholder in a car accident. You can avail this add-on coverage by paying extra premium.

Additional coverage with add-ons

With a comprehensive car insurance policy, you can add extra coverage and benefits using add-ons like zero-depreciation cover, return to invoice cover, consumables cover, and breakdown assistance, amongst others.

Types of Car Insurance Policies

Let’s take a closer look at the three main types of car insurance policies.

1

Third-party Car Insurance

Third-party car insurance is mandatory for driving a car in India. This is the most basic type of car insurance hence is also referred to as Liability Only Car Insurance Policy. It covers the costs of bodily injury, disability, or death of a third party in an accident involving your car. It also covers property damage of up to ₹7.50 lakh caused by the accident.

2

Comprehensive Car Insurance

This is the most extensive type of car insurance that covers not only the costs of third-party liabilities but also damage(s) caused to your own car. Additionally, it also covers damages caused to your car by natural and man-made disasters, theft, fire, explosion, lightening and other similar incidents.

3

Own Damage Car Insurance

The Standalone Own-Damage car insurance policy was introduced by the Insurance Regulatory and Development Authority of India (IRDAI), in September 2019. This policy offers coverage to the damages sustained by your own car You can purchase this policy only if you have an active Third-party car policy. This policy offers flexibility of choosing insurance provider.

It’s important to choose the right car insurance policy based on your needs and budget. Also, renew your policy on time to stay protected on the road.

Benefits of Elephant.in’s Car Insurance

When it comes to safeguarding your vehicle, a best car insurance policy is a solution. Elephant.in’s Car Insurance stands out as a leading choice in the market, offering an array of advantages that go beyond conventional coverage. Here’s what we have got for you.

Flat 80% discount on premiums

Saving on your insurance premium is now easier than ever with Elephant.in. Enjoy a remarkable flat 80% discount on premiums, ensuring that you get the coverage you need without burning a hole in your pocket.

Cashless claims at 7500+ network garages

In the event of an accident or damage to your vehicle, quick and hassle-free solutions are paramount. With Elephant.in, you gain access to a vast network of over 7500+ cashless claim garages, making the claims process smoother and more convenient.

No paperwork required

Bid farewell to cumbersome paperwork. Elephant.in streamlines the insurance experience by eliminating paperwork, enabling you to complete the process efficiently and promptly.

Right insurance at best price

Elephant.in believes in providing you with not just the cheapest insurance, but the right insurance that perfectly aligns with your needs, all at the best-negotiated price.

Best-in-class claim assistance

Accidents happen, but dealing with the aftermath doesn’t have to be a headache. Elephant.in boasts a team of experienced and dedicated claims experts. They’re committed to ensuring that your claims are managed effortlessly, reducing the stress that often accompanies such situations.

Dedicated relationship manager

Life is unpredictable, and having a reliable support system is crucial. Elephant.in understands this need, which is why each policyholder is assigned a dedicated digital relationship manager. Whether you need assistance with a query or require support, your relationship manager is there to lend a helping hand.

Handpicked insurers

Top-tier insurance companies have been meticulously selected based on their service quality, pricing, and claims settlement capabilities. This curation guarantees a seamless and reliable insurance experience.

AI-based recommendation

Meet Laxmi, your AI-powered advisor. With her friendly guidance, you’ll navigate the insurance process effortlessly. Laxmi’s AI-driven recommendations ensure you find a solution tailored precisely to your requirements.

Assistance from experts

Navigating the complexities of insurance becomes a breeze with Elephant.in’s team of leading insurance experts. Their expert guidance transforms the intricate process into a simple journey.

Lifetime personalized account

Manage all your insurance-related matters under one roof with a lifetime personalized account. This centralized platform offers unmatched convenience and organization.

Renewal management

Worried about forgetting to renew your policy? Elephant.in’s automatic renewal notifications and timely reminders ensure your policy stays up to date without any hassle.

With Elephant.in’s Car Insurance, you don’t just get coverage; you experience a holistic insurance solution that prioritizes your convenience, security, and peace of mind. Embrace a new era of insurance that’s focused on you.

What is Covered Under Car Insurance Policy?

Based on the type of car insurance policy you have purchased it offers financial protection against a variety of circumstances. Let us understand what is covered under a car insurance policy based on the type of the policy.

  • Third-party property damage: If your car accidentally damages someone else’s property, your third-party car insurance policy will cover financial liabilities arising from this.
  • Cost of treating injuries: If your car causes injuries to someone else, your third-party car insurance policy will compensate for personal injuries.
  • Death compensation: If the case of unfortunate demise of an individual due to an accident involving your car, your third-party car insurance policy will provide compensation to their family.
  • Legal liabilities: Your third-party car insurance policy will cover any legal liabilities that arise from an accident involving your car.

A comprehensive car insurance policy includes all the coverage that a third-party car insurance policy offers. But, in addition it offers the following coverage:

  • Damage to your own car: If your car is damaged, the cost of repairing it will be covered under the comprehensive car insurance policy.
  • Personal accident cover: If you or the driver of the car is injured, financial compensation will be provided by insurance company.
  • Theft: If your car is stolen, you will be compensated with the IDV (Insured Declared Value) of the car.
  • Fire: If your car is damaged due to a fire, you will be compensated depending upon the damage caused to the car.
  • Natural calamities: If your car is damaged due to a natural calamity like flood, earthquake, landslide, rockslide, cyclone, hurricane, etc., you will be compensated for damage caused.
  • Man-made calamities: If your car is damaged due to man-made calamities like terrorism, vandalism, riots, etc., you will be compensated for damage caused.
  • Damage caused due to transit: If you need to transport your car by water, rail, road, air, or other means, your car may get damaged during the journey. If you have comprehensive car insurance, any damage caused to your car during transit will be covered.
  • Add-ons: You can extend the coverage of your comprehensive car insurance policy by purchasing add-ons. These are additional coverage options that can be tailored to your specific needs. Examples include Zero Depreciation, Roadside Assistance, Return to Invoice, NCB protection, Engine Protection Cover, and Loss of Personal Belongings.

You can go for Standalone Own Damage car insurance policy if you have a recently purchased a Third-party liability plan. This policy protects your own vehicle from any damages or loss. Below are the coverages this policy offers.

  • Damage to your own car: The policy will cover the expenses for repairing your vehicle in case of damage.
  • Natural calamities: The policy will compensate for the damages occurred due to any natural calamity such as flood, earthquake, landslide, rockslide, cyclone, hurricane, etc.,
  • Man-made calamities: Any damages to your car due to man-made calamities like terrorism, vandalism, riots, etc., is compensated in under this policy.
  • Fire: Damages incurred to the insured vehicle due to ignition, lightning or fire is covered.
  • Theft: Compensation is provided to the in case insured vehicle is lost or stolen.

What is Not Covered in a Car Insurance Policy?

Here are the common things that are not covered in a car insurance policy.

  • Damages incurred if you don’t have a proper driving license.
  • Damages incurred if the car is driven outside of India.
  • Damages caused by driving under the influence of drugs or alcohol.
  • Regular wear and tear that comes with everyday use and depreciation.
  • General maintenance costs of the car.
  • Damages caused by the driver’s negligence.
  • Using a private car for commercial purposes.
  • Damages caused by reckless activities like speed racing and crash testing.
  • Damages caused by war, war-like situations, and nuclear perils.
  • Damages that are covered under specific add-ons that you did not purchase.
  • Only 50% of the cost for replacing consumables due to wear and tear is reimbursed.

Difference Between Third Party, Own Damages, and Comprehensive Car Insurance

To help you choose the right car insurance policy, here’s a comparative study to help you make an informed decision.

Third party Car Insurance Cover Comprehensive Car Insurance Cover Own Damage Car Insurance Cover
Damages/Losses to own car due to an accident
Damages/Losses to own car in case of fire
Damages/Losses to own car in case of a natural calamity
Damages to Third-Party Vehicle
Damages to Third-Party Property
Add-on Personal Accident Cover
Injuries/Death of a Third-Party Person
Theft of your car
Customize your IDV
Extra protection with customized add-ons

What are the add-on covers in Car Insurance policy?

Add-on covers are extra benefits that you can add to your car or four-wheeler insurance policy to increase your protection. You can buy it with a comprehensive car insurance and Standalone OD Car insurance policy Here are some of the options you can choose from.

  1. No claim bonus protection

    This allows you to file a certain number of car insurance claims while keeping your No Claim Bonus discount. It is only available with comprehensive car insurance.
  2. Roadside assistance

    This provides 24/7 breakdown assistance for your car if it breaks down in a remote location. Assistance including towing, fueling, and mechanic services is provided.
  3. Repair of glass fiber and plastic parts

    This add-on allows you to repair damaged glass, fiber, and plastic parts without affecting your No Claim Bonus discount. This add-on allows you to repair damaged glass, fiber, and plastic parts at network garage without affecting your No Claim Bonus discount at the time of renewal.
  4. Daily allowance

    Daily Allowance Add-on provides a daily allowance to the policyholders in case the car is in the workshop for more than two days. In India, the amount of cash allowances generally provided under this add-on is of ₹500 for up to 14 days. The amount of compensation and the number of days can vary across insurance companies.
  5. Emergency transport and hotel expenses

    This covers your overnight accommodation expenses in a hotel and travel expenses if you are unable to reach your home/ destination due to an accident.
  6. Key replacement

    This covers the cost of repairing or replacing your car keys and locks if they are damaged or lost.
  7. Engine protection cover

    One of the beneficial riders is the Engine Secure cover, which safeguards one of your car’s most valuable parts. It covers the cost of repairing or replacing your engine in case of damage, especially in flood-prone areas.
  8. Tyre secure

    Covers the cost of repairing or replacing damaged tires or tubes in case of an accident.
  9. Consumables expenses

    Covers the cost of replacing consumables in your car that are lost or damaged due to an accident. Consumables include items like oil for the gearbox, air conditioner gas and nut and bolts. However, this add-on will not pay for fuel.
  10. Loss of personal belongings

    In case of an accident, the add-on covers the loss or damage of personal belongings such as clothes, video and/or audio tapes, and so on. The add-on does not provide coverage for the loss or damage of items like gold, cash, watches, debit and credit cards, or other valuables.
  11. Return to invoice

    If you have purchased the Return to Invoice add-on, and your car is completely damaged or stolen, the insurance company will help cover the difference between the purchase price and the amount of compensation you receive (due to the depreciation). Some insurers may also cover the registration charges and road tax you have spent on the car.
  12. Zero depreciation cover (Depreciation Reimbursement)

    The zero depreciation or nil depreciation (Depreciation Reimbursement) add-on allows you to recover the deducted cost of depreciation on your car’s parts when you make a claim for damages. This means that you can receive up to the full sum insured without any reduction due to depreciation. It’s worth noting, however, the number of claims admissible under this add-on varies depending upon the insurance company and is applicable only to your own-damage car insurance policy or comprehensive car insurance policy.
  13. Personal accident cover for passengers

    This covers the passengers in your car in case of accidents leading to permanent disability or death.

Factors Affecting Car Insurance Premium

Car insurance premiums are determined by a range of factors that assess the risk associated with the policy holder. Understanding these factors can help you manage your insurance costs. Some key factors that influence car insurance premiums.

  1. Vehicle type and model

    The make, model, and year of your car directly impacts your premium. Luxury cars, sports cars, and vehicles with higher market values usually have higher premiums due to higher repair costs.
  2. IDV (Insured Declared Value)

    The IDV is the current market value of your car and serves as the maximum sum insured by the insurance company. Higher IDV leads to higher premiums and vice versa.
  3. Age of the vehicle

    Older cars tend to have lower premiums as their value depreciates over time, resulting in lower replacement costs for the insurer.
  4. Engine capacity

    Cars with larger engines often have higher premiums due to the perception of greater risk associated with increased horsepower.
  5. Geographical location

    The city or area where you live impacts your premium. Urban areas with higher traffic density and accident rates usually have higher premiums.
  6. Usage patterns

    The purpose of your car usage, such as personal, business, or commercial, affects the premium. Commercial usage generally leads to higher premiums.
  7. Policy type and coverage

    The type of insurance you choose—third-party liability or comprehensive—directly affects the premium. Comprehensive coverage, which includes your own car damage and theft, usually has a higher premium.
  8. Add-ons and riders

    Additional coverage options like zero depreciation, roadside assistance, and engine protection can increase the premium but provide added benefits.
  9. Driving history

    A clean driving record with no accidents or violations can lead to a “no-claim bonus,” which lowers your premium during policy renewals.
  10. Occupation

    Certain professions are associated with safer driving habits and thus might result in lower premiums.
  11. Anti-theft and safety features

    Vehicles equipped with anti-theft devices, airbags, ABS, and other safety features can lead to premium discounts.
  12. Voluntary deductibles

    Opting for a higher voluntary deductible (the amount you agree to pay in case of a claim) can lower your premium.
  13. Renewal timeliness

    Renewing your policy on time maintains your no-claim bonus and might result in lower premiums.
  14. Claim history

    A history of frequent claims can increase your premium, while a clean claims record can lead to discounts.
  15. Discounts on specially designed vehicles for the differently abled

    Certain insurers offer discounts for vehicles specially designed for blind, handicapped, and mentally challenged individuals. These vehicles are equipped with modifications that aid these individuals, making them safer to operate.
  16. Automobile association membership discounts

    Many insurance companies offer discounts to members of recognized automobile associations. These associations promote safe driving and responsible vehicle ownership, making their members eligible for lower premiums.

How Is Car Insurance Premium Calculated?

The premium of third-party car insurance plans is regulated by IRDAI, while the premium for standalone own-damage and comprehensive plans varies across insurance companies. Below are some of the factors that one must consider.

Insured Declared Value (IDV)

The IDV is the maximum sum insured of the four-wheeler, that is the amount the insurance company pays the policyholder in case of total loss. Higher IDV attracts a higher premium.

Engine cubic capacity

The premium for a car insurance plan depends on the car’s engine cubic capacity. A higher cubic capacity means a higher premium.

Age of the vehicle

As the car ages, its value decreases due to normal wear and tear, which reduces its market value and, in turn, its insurance premium. Thus, the premium will be generally lower due to reduced IDV, and no claim made in previous policy.

Make, Model, and Variant

The car’s make, model, and variant affect its IDV, which, in turn, influences the car insurance premium. Also, premiums vary due to discounts by insurance companies depending on make, model and variant.

RTO location

One of the most important factors in determining the premium. It gives insurance companies an idea about the traffic density and the probability of road accidents and other mishaps of particular area. Note that the motor tariff rates also depend upon the “zone” under which the RTO falls.

How to Reduce Car Insurance Premium?

While car insurance provides financial protection against unforeseen accidents and damages, the premiums can sometimes feel burdensome. However, with the below mentioned strategies you can reduce your car insurance premium without compromising on coverage.

Compare policies

Before selecting an insurance policy, it’s essential to compare offerings from different insurance providers. Look for policies that provide comprehensive coverage at competitive rates. Online comparison tools and websites can be incredibly helpful in this regard.

Opt for voluntary deductibles

Voluntary deductibles involve agreeing to pay a certain portion of the repair costs in case of an accident. By choosing a higher voluntary deductible, you can lower your premium amount. However, make sure you can afford the deductible amount in case of a claim.

Install security features

Equipping your car with security features such as anti-theft alarms, immobilizers, and GPS tracking devices can make your vehicle less prone to theft. Insurance companies often offer discounts for such safety measures.

Maintain a good driving record

Insurance companies reward safe driving habits. Avoiding accidents and traffic violations over time can lead to a “no-claim bonus” (NCB) that significantly reduces your premium when you renew your policy.

Drive less

Some insurance providers offer “pay-as-you-drive” policies, where premiums are based on the distance you drive. If you don’t use your car extensively, this could be a cost-effective option.

Renew timely

Timely renewal of your policy is crucial to maintaining the accrued benefits like NCB. Failing to renew on time can result in the loss of these benefits.

Choose the right coverage

Assess your needs and select coverage that suits your requirements. While comprehensive coverage offers extensive protection, opting for third-party coverage might be more economical if your car is older.

Avoid small claims

For minor damages that can be managed without insurance claims, consider paying out of pocket. Frequent small claims can lead to higher premiums in the long run and affects your No claim bonus.

Renew online

Nowadays, online insurance consultants such as Elephant.in offers FLAT 80% discount on buying/renewing car insurance policy online.

Factors to Consider While Selecting Car Insurance Policy

Generally, buying car insurance requires a lot of time to do research. Hence, to make an informed decision, consider the following points before buying car insurance policy.

1

When getting car insurance, you have two choices

Basic third-party liability cover or Comprehensive insurance cover. Basic cover is mandatory by law and only protects you against damages to others. Comprehensive cover is more extensive and covers accidental damage, theft, natural disasters, personal accidents and more. At Elephant.in, you can choose from different types of car insurance policies to find the one that’s best for you and your car.

2

Check policy coverage

When choosing car insurance, your policy coverage will depend on your budget and needs, as well as factors such as your car’s make and model and where you live. To help make an informed decision, you can use Elephant.in’s compare and buy feature to find a suitable insurance policy.

3

Check the availability of add-ons

When you purchase or renew car insurance online, you can choose to increase your policy coverage with add-ons. Elephant.in provides a variety of unique add-ons, like Key Replacement, Return to Invoice, Engine Secure, and others, that offer protection for different situations not covered by your basic car insurance policy. By selecting the right add-ons, you can ensure comprehensive protection for your vehicle.

4

Check insured declared value

The Insured Declared Value (IDV) of your car is its current market value, which is important when getting car insurance as it determines the amount you will be insured for. In case of a total loss due to damage or theft, the insurance company will pay you the IDV when settling your claim. It’s crucial to choose the IDV carefully because a lower IDV may mean inadequate compensation in case of a total loss, even though it may result in lower premiums. On the other hand, a higher IDV may mean more expensive premiums.

5

Check network of cashless garages

If your car has minor or major damage, you can take it to one of your insurance provider’s approved garages for repairs. This way, you can take advantage of cashless claims, where the insurer will pay the repair costs directly to the garage, saving you from having to spend a lot of money on repairs. Hence, it is important to check that there is a strong network of cashless garages near you.

6

Check claim settlement ratio, review, and the quality of services offered

When you’re buying car insurance, it’s important to consider the claim settlement ratio of the insurance company. A high ratio means that you’re more likely to have your claims settled promptly. Additionally, the level of service provided by the company can impact how loyal you feel as a customer, so it’s worth checking before you choose a four-wheeler insurance policy.

How to File a Car Insurance Claim?

It’s important to know the right steps to take when making a car insurance claim, as your insurer may reject your claim for various reasons. Follow the steps below to make a valid four-wheeler insurance claim.

Step 1

Report the claim

Inform your insurer immediately after the accident and provide proper documentation and photographic evidence to support your claim.

Step 2

Inspection

Once the claim is registered, an insurer’s surveyor will inspect the claimed damage, and you’ll need to provide the necessary documents for claim verification.

Step 3

Repair

After inspection, you can send your car to a network garage for repairs.

Step 4

Settlement

If you have a cashless claim, the insurer will directly settle the repair bills with the network garage. However, if you have a reimbursement claim, you’ll need to pay the bills first and then make a reimbursement claim.

Documents Required to File a Car Insurance Claim

Here are some documents you might need to file a car insurance claim. Keep in mind that the list of required documents could differ based on your insurance company and the type of claim.

  1. Driver’s license
  2. Car insurance policy
  3. Registration certificate of the car policy
  4. First Information Report (FIR), if necessary
  5. Original car keys
  6. Non-traceable Certificate (if necessary)
  7. Policyholder’s identification proof
  8. Fire brigade report (if applicable)
  9. Original purchase invoice of the car (if Return to Invoice add-on cover is chosen)
  10. Original repair bills
  11. Original payment receipts

Benefits of Buying Car Insurance Online

Here are some advantages of buying your car insurance policy online.

You can easily compare different policies

When you buy car insurance traditionally, you need to contact insurance companies or agents and compare policies manually. But, when you buy online, you can use free comparison tools to easily compare policies and find the best one for you.

You can get the best deal

When you compare car insurance online, you can compare the cost of each policy and choose the one that suits your needs and budget the most. Just make sure you are comparing policies with similar features.

You don’t need to do a lot of paperwork

Buying car insurance online is easy because you only need to answer some simple questions about you and your car. You may need to submit some documents in certain cases if required, but the process is still less cumbersome than buying insurance offline.

It’s convenient

You can buy car insurance online from anywhere and at any time. You don’t have to travel to the insurance company or agent’s office, wait in long queues, and so on. Buying online saves a lot of time and hassle.

You can get instant policies

When you buy car insurance online, you can get instant access to your policy, without having to wait for the hard copy to be sent to you.

Benefits of Car Insurance Renewal Online

If you’re not sure whether to renew your four-wheeler insurance policy online or offline, here are some benefits of renewing it online.

Easy and fast comparison

You can easily compare different insurance plans online from different companies and choose the one that suits you best. It’s difficult to do this offline by visiting each company separately.

Low-cost plans and exclusive discounts

Renewing your car insurance policy online can be cheaper than renewing it offline because online insurers save on operational costs by using technology. Additionally, companies like Elephant.in provide a FLAT 80% Discount if you use your Work Email ID, which can lower the cost of your motor insurance policy even more.

Assured safety

Purchasing online insurance with a reputed insurance broker helps you with seamless claim settlement. A broker will help you in understanding the technicalities of insurance plan. Online car insurance renewal procedure is transparent and minimizes the chances of fraud. Plus, online premium payment is made through a secure payment gateway. Therefore, renewing your car insurance policy from an official website of an IRDAI-regulated insurance broker can provide you complete authenticity and safety.

No paperwork required

Carrying a lot of documents to renew your motor insurance policy offline can be difficult in today’s paperless world. However, if you choose to renew your four-wheeler insurance policy online through Elephant.in, you can do it without any paperwork. Just provide a few details about your car and previous policy, select a renewal plan, and pay the premium securely online.

Hassle-free renewals

Renewing your car insurance policy online can prevent it from getting expired. Online insurers usually remind their customers to renew their policy before the expiry date, making it easier for them to renew on time. On the other hand, in the offline approach, you need to keep track of the policy expiry date yourself, and there is a chance that you might forget to renew it on time.

How to Renew Car Insurance Online?

If you want to renew your car insurance policy online, it’s a simple process that can be done in a few steps. Here’s how you can renew your four-wheeler insurance policy from Elephant.in.

  1. Go to the car insurance section.
  2. Fill in your car registration and click on ‘proceed.’
  3. Select the required details like Car model, year, fuel type, etc.
  4. Choose the 4-wheeler insurance plan that you want to purchase.
  5. Select any additional riders or add-on covers that you want to add or remove.
  6. Elephant.in’s AI recommendation will recommend a list of best car insurance quotes for you. Unlock it by using your work Email ID.
  7. Choose the plan you wish to buy.
  8. Pay the insurance premium online using a credit card, debit card, or net banking.
  9. Once you’ve made the payment, your car insurance policy will be renewed.
  10. You will receive the policy document for your renewed car insurance on your registered email ID. You can also download a copy of the policy document and print it whenever you need to.

How To Renew Expired Car Insurance Online?

Renewing expired car insurance online in India has become a convenient and swift process, ensuring that you stay legally compliant and financially protected on the road. Here’s a step-by-step guide on how to seamlessly renew your expired car insurance online.

1

Assess the policy lapse period

Act promptly once you realize your car insurance has expired. There’s usually a grace period of 90 days during which you can renew without losing your accumulated No-Claim Bonus (NCB).

2

Visit Elephant.in and choose an insurance provider

At Elephant.in you can find a variety of Car Insurance plans by the top car insurance companies in India. Research and select a policy that fits best with your needs.

3

Gather necessary documents

Keep your vehicle registration certificate (RC) and previous insurance policy details handy. They’re essential for a smooth renewal process.

4

Visit the “Renewal” section at Elephant.in-

Scroll up to this page and you will find a section called “Renewals” click on it and login with your registered mobile number.

5

Check your vehicle details

Check your vehicle’s registration number and other details. The system will retrieve your vehicle’s information. If you are not able to find your vehicle details, feel free to contact us on our toll-free number 1800 266 9693 or write at support@elephant.in.

6

Select coverage

Choose the type of coverage you need – Third-Party or you can opt for Comprehensive coverage for enhanced protection.

7

Review and modify details

Check the details of your policy for accuracy. Make any necessary modifications, such as adding add-ons for extra coverage.

8

Generate premium quote

The system will calculate the premium based on your details and coverage choices. Review the premium quote.

9

Undergo the KYC process

With digital transformation IRDAI has made it easy for everyone to compete the KYC process swiftly. Things like Digital KYC, Video KYC, Aadhaar-based KYC, and Central KYC (CKYC) are all accepted methods to verify the customer’s identity.

10

Make online payment

Pay the premium using the available online payment options like debit/credit cards, net banking, or digital wallets.

11

Receive policy

Once the payment is processed, you’ll receive the renewed policy document via email. Print a copy for your records and future reference.

Note: You may be asked for vehicle inspection in certain scenario.

Remember, renewing car insurance on time is crucial to avoid losing out on NCB benefits and driving illegally. Online renewal offers speed and convenience, allowing you to secure your vehicle promptly.

Car Insurance Terms You Need to Know About

Understanding the nuances of car insurance is vital for any vehicle owner to ensure they have the right coverage and make informed decisions. Here’s a more detailed explanation of some essential car insurance terms.

  1. Premium

    The premium is the financial consideration you pay to the insurance company to maintain your coverage. It’s usually paid annually or as per the agreed policy terms.
  2. Deductible

    A deductible is the predetermined amount you agree to pay out of your own pocket before your insurance coverage kicks in. Opting for a higher deductible can lower your premium, while a lower deductible increases your upfront costs.
  3. Policyholder

    The policyholder is the individual who owns the insurance policy. This person is responsible for paying premiums and adhering to policy terms.
  4. Insured Declared Value (IDV)

    The IDV is the estimated current market value of your vehicle. It’s the maximum amount the insurance company will pay if your car is stolen or deemed a total loss due to an accident.
  5. Third-Party Liability

    This is a mandatory coverage in India that protects you from financial liabilities arising from damages to third parties, including individuals and property, caused by your vehicle.
  6. Comprehensive Coverage

    Comprehensive coverage provides extensive protection. It covers not only third-party liability but also damages to your own vehicle due to accidents, theft, natural disasters, and other events.
  7. No-Claim Bonus (NCB)

    NCB is a reward for responsible driving. If you don’t make any claims during a policy term, you receive a discount on your premium when you renew.
  8. Claim

    A claim is a formal request you submit to your insurance company for financial compensation to cover losses or damages covered under your policy.
  9. Exclusion

    Exclusions are specific situations or circumstances that are not covered by your insurance policy. It’s crucial to be aware of these to understand your coverage limits.
  10. Endorsement

    An endorsement is a change or modification to your insurance policy, often to include or exclude particular coverage options based on your needs.
  11. Rider/Addon

    Riders or add-ons are supplementary coverage options that you can include with your standard policy to enhance protection. Examples include zero depreciation, roadside assistance, and engine protection.
  12. Renewal

    Renewal refers to extending your existing insurance policy by paying the premium for another term. It ensures continuous coverage without any lapse.
  13. Underwriting

    Underwriting is the process through which an insurance company assesses the risks associated with insuring a specific vehicle or driver before issuing a policy.
  14. Claim Settlement Ratio

    This ratio represents the percentage of claims settled by an insurance company out of the total claims received. A higher ratio indicates a more customer-friendly insurer.
  15. Premium Loading

    Premium loading is an additional charge applied to the standard premium. It’s usually due to higher-risk factors related to the insured individual or vehicle.
  16. Depreciation

    Depreciation refers to the reduction in your vehicle’s value over time due to factors like age, wear, and tear.
  17. Zero Depreciation Cover

    This add-on covers the full cost of repair or replacement without considering depreciation, offering comprehensive coverage.
  18. Cashless Claim

    A cashless claim allows you to get your vehicle repaired at a network garage without paying upfront. The insurer settles the bills directly with the garage.
  19. Policy Period

    The policy period is the duration for which your insurance policy remains valid. It’s typically one year, but you can renew it at the end of the term.

Car Insurance FAQs

Third-party insurance is a type of liability insurance that a car owner buys to safeguard themselves against claims made by a third party. In case of an accident, the third-party insurance policyholder is responsible for compensating any losses or damages incurred by the third party.

As per the Indian Vehicle Act 2019, it is mandatory for every car owner in the country to have at least a third-party car insurance cover. Failing to have a valid third-party car insurance plan is a punishable offence that can attract a fine of ₹2,000 and/or imprisonment of up to 3 months for the first offence.

Claim Settlement Ratio (CSR) is a crucial factor that determines the superiority of a car insurance company over its competitors. It is the percentage of claims settled by an insurance company out of the total number of claims received by it in a financial year.

In car insurance, depreciation refers to the reduction in the value of your insured car over time due to wear and tear. The depreciation rate is a critical factor that determines the value of compensation provided by your insurance company for your car based on its age.

Zero Depreciation is an add-on cover in car insurance that allows the policyholder to receive the full amount of the claim without any deduction for depreciation on the car parts. This add-on requires the payment of an additional premium.

The Insured Declared Value (IDV) of a car insurance policy is the maximum sum that the insurer agrees to pay to the policyholder in case of theft or total loss of the insured car. The IDV is determined applying depreciation on ex-showroom price of vehicle and it serves as the compensation amount for the policyholder in case of total loss.

Voluntary deductible is the portion of an insurance claim that the policyholder agrees to bear from their own pocket. Opting for a voluntary deductible can lower the premium of the policy.

“Pay as you drive” is a new comprehensive car insurance plan that charges a premium based on the number of kilometers driven under the own damage section. The premium for the Third-Party section remains constant under the “Pay as you drive” section of car insurance.

If your car is involved in an accident or stolen, it is important to report it to the police and file an FIR (First Information Report). Your insurance provider will require a copy of the FIR to initiate the settlement process.

You are free to choose the garage where you want to get your car repaired. If it falls within the network of your insurance provider, you can avail of cashless insurance. Otherwise, you may have to go for reimbursement claims.

Yes, the four-wheeler insurance policy can be transferred from the previous owner to the new owner in case of the sale of a second-hand car. The policy transfer should be completed within 14 days of the car’s purchase date, as per the Indian Motor Tariff. Note that vehicle inspection may be required in case of ownership transfer. It may also impact the claim if the insurance policy is not transferred in name of new owner.

Driving a car without at least a third-party car insurance policy is against the law and can result in punishment. As per the Motor Vehicle Act, driving without basic car insurance policy can lead to a penalty of ₹2,000 and/or imprisonment for up to 3 months.

All car insurance policies have a validity period, and it must be renewed to continue to enjoy its benefits. If the policyholder misses renewing the policy by the expiry date, they can still renew it within the next 90 days. After the expiry of this 90-day period, the policy cannot be renewed, and a new car insurance policy must be purchased. Note that vehicle inspection may be required to issue policy in case your policy has already expired.

The car insurance policy number is an exclusive 8-to-10-digit number assigned by the car insurance company for identifying the insurance account of the policyholder. This number is generally mentioned on insurance card(s), or statements issued by the insurance company, and it remains the same as long as the policy is active with the same insurance provider.

It is not possible for a car owner to have two insurance policies for the same four-wheeler. However, a customer can have separate own damage policy of different insurance company if his/her Third-party policy is still active and this is its 1st or 2nd insurance renewal.

The Indian Motor Tariff specifies a 14-day window from the date of the car’s sale to transfer the car insurance policy from the previous owner’s name to the new owner’s name. Failure to transfer the policy within this timeframe will result in the car having no valid insurance coverage.

To transfer a car insurance policy to a new owner, the buyer must obtain the following documents after paying a transfer fee of Rs. 50:

  • A new copy of the registration certificate/form 29
  • The old policy document
  • A No Objection Clause (NOC) from the previous policyholder
  • A new application form
  • An inspection report from the insurer
  • The difference amount of No Claims Bonus

After submitting these documents, the insurer will verify and approve the policy transfer. It’s important to initiate the transfer process within 14 days of purchasing the car.

Comprehensive car insurance, also known as full-coverage car insurance, includes liability coverage, as well as comprehensive and collision coverage. This type of policy ensures that the insurance company will cover damages caused to your car and other cars and individuals.

By purchasing the add-on passenger cover, you can provide coverage to the passengers travelling in your car under your car insurance policy.

If you have a valid driving license, your car insurance policy not only covers you and your car but also extends coverage to anyone else who drives your car with your consent. This means that if you lend your car to a friend, cousin, sister, or anyone else, the insurance company will pay for damages caused in the event of an accident.

Your car insurance premium is the amount of money you pay to an insurance company for providing insurance protection to you and your vehicle.

Insurance for new car premiums increase every year due to the increase in third party insurance premium rates by IRDAI. Since third party coverage is mandatory for all car owners, it affects the premium amount of car insurance. Based on the loss ratios of car insurance companies and the total number of claims raised by policyholders, IRDAI sets third party premium rates for the next financial year.

In general, there are no restrictions on the number of claims you can make in a policy year under your car insurance policy. However, it is important to keep in mind that making a claim can affect your No Claim Bonus (NCB) and repeated claims in a policy year can result in the termination of NCB, which can increase your premium during policy renewal.

In the event of an unfortunate incident, the concept of a cashless car insurance claim is to enable the policyholder to not pay any repair costs from their pocket. However, this type of claim can only be availed if the insured vehicle is taken for repairs to a garage that is part of the insurance provider’s network.

Disclaimer: Discount applicable only to the Own Damage section and for car less than 15 years old. Discount may not be applicable to cars which are in the declined category of the insurance company. Employees can enjoy the discount by entering their work email ID subject to their company being a preferred partner organisation at Elephant.in. The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions please read the sales brochure / policy wordings carefully before concluding a sale. All discounts provided by insurers as per IRDAI approved insurance plans. Standard T&C apply. Product information is authentic and solely based on the information received from the Insurer.

Our latest Insurance articles & videos
  • sliderImg
    Published on: 11th Jul 2023
    4 Term Life Insurance Riders You Must-Know

    Think of Term Life insurance as a simple cheese pizza, offering essential coverage.  But what if you want to add some extra toppings to enhance the taste and make it more personalized? That’s where term life insurance riders come into play. Riders act as additional features or benefits that you can choose to add on top of your term insurance policy. These riders allow you to tailor your policy to meet your specific needs and provide comprehensive protection for you and your loved ones.

    Let’s take a closer look at four must-have term life insurance riders.

    4 Must-Have Term Life Insurance Riders

    #1. Critical Illness Rider

    No one wants to think about the possibility of being diagnosed with a critical illness, but it’s important to be prepared. A critical illness rider provides coverage in the event that you are diagnosed with any specified critical illness such as cancer, heart attack, stroke, or organ failure (broadly categorized). This rider ensures that you receive a lump sum payout if you are diagnosed with a covered illness, which can help cover medical expenses, and treatment costs, or even provide financial support during your recovery period.

    #2. Accidental Death Rider

    Accidents can happen at any time, and the financial impact on your family can be devastating. An accidental death rider provides an additional death benefit in addition to the base life cover if you die as a result of an accident. This rider can provide extra financial security to your loved ones in the event of an unexpected and tragic accident, ensuring that they have the resources they need to move forward.

    Consider Mr. Sharma, who has a term life insurance policy with a death benefit of ₹1 crore. Unfortunately, he passes away in a tragic accident. Without any riders, his nominee would receive the base coverage of ₹1 crore. However, Mr. Sharma had the foresight to add an accidental death rider to his policy, which provides an additional ₹1 crore coverage in case of death due to an accident. As a result, his nominee will receive a total of ₹2 crore as the death benefit, significantly enhancing the financial security of the family.

    #3. Waiver of Premium Rider

    Life is full of uncertainties, and one of the biggest concerns for policyholders is the possibility of losing the ability to pay premiums due to a disability or illness. A waiver of premium rider comes to your rescue in such situations. If you become disabled or seriously ill and are unable to work, this rider waives your premium payments while keeping your policy active. It ensures that your coverage remains intact, providing peace of mind during difficult times.

    #4. Accidental Total Permanent Disability Rider

    Accidents can not only result in death but also leave a person permanently disabled and unable to earn a living. An accidental total permanent disability rider offers financial protection if you become permanently disabled due to an accident. In such a scenario, this rider provides a lump sum payout that can help cover medical expenses, rehabilitation costs, and ongoing living expenses.

    Also Read: How Does Term Life Insurance Work?

    In conclusion, term life insurance riders act as the perfect add-ons to enhance the coverage and protection of your base policy, just like toppings on a pizza. They offer a wide range of benefits and cater to your specific needs, ensuring comprehensive coverage for you and your loved ones. It’s essential to carefully evaluate and choose riders that suit your circumstances, and for this, Elephant.in is your trusted personal insurance consultant.

    Elephant.in offers you expert assistance to navigate through the rider options and select the ones that best fit your requirements. We offer the right term life insurance policies at the best prices, ensuring that you receive optimal coverage without overpaying.

    With Elephant.in as your trusted insurance partner, you can have peace of mind, knowing that you have taken the necessary steps to protect your family’s financial future.

    Why wait? Feel free to explore Elephant.in!

    EL/02/23-24/88

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    Published on: 11th Jul 2023
    Save Big on Your Travels: 5 Insider Money-Saving Tips

    Travelling is an exciting adventure that allows us to explore new destinations, experience different cultures, and create lifelong memories. However, planning a trip requires careful consideration, especially when it comes to managing your finances and ensuring your safety.

    In this article, we will discuss four must-know money-saving travelling tips and highlight the importance of travel insurance as a must-have. So, let’s dive in!

    Budget Travelling: 5 Important Money-Saving Tips

    #1. Plan and Book in Advance

    One of the best ways to save money on your travels is to plan and book in advance. Airlines, hotels, and even tourist attractions often offer discounted rates for early bookings. By taking advantage of these deals, you can significantly reduce your travel expenses. Additionally, planning ahead gives you the flexibility to compare prices and choose the most affordable options.

    #2. Travel During Off-Peak Seasons

    Another effective money-saving tip is to travel during off-peak seasons. Popular tourist destinations tend to be more expensive during peak times, such as school holidays or major events. By opting for less crowded periods, you can often find better deals on accommodation, flights, and even local attractions. Not only will this save you money, but you’ll also get to enjoy a more relaxed and authentic experience.

    #3. Use Price Comparison Websites

    When booking flights, hotels, or rental cars, it’s crucial to compare prices across different platforms. Price comparison websites can help you find the best deals and discounts available. These websites aggregate information from various travel providers, allowing you to make an informed decision based on price, quality, and customer reviews. Always remember to read the terms and conditions carefully before making any reservations.

    #4. Embrace Local Cuisine and Transportation

    Food and transportation can be significant expenses while travelling. To save money, consider trying local cuisine instead of eating at touristy restaurants. Street food stalls and local markets often offer delicious and authentic meals at a fraction of the cost. Similarly, opt for public transportation or explore the city on foot instead of relying on taxis or expensive tours. Not only will you save money, but you’ll also get a chance to immerse yourself in the local culture.

    #5. Don’t Forget Travel Insurance

    Now that we’ve covered money-saving tips, it’s essential to discuss the importance of travel insurance. Travel insurance provides financial protection and peace of mind in case of unexpected events during your trip. Here are some key benefits:

    • Hospitalization resulting from accidental injury or sickness: If you require medical treatment while travelling, travel insurance can cover the expenses, including hospital stays, medications, and emergency medical evacuation if necessary.
    • Flight Cancellation: In the event of a flight cancellation or delay, travel insurance can reimburse you for the costs incurred, such as alternative transportation and accommodation arrangements.
    • Loss or theft of Baggage: Losing your baggage can be a nightmare, but travel insurance can provide compensation for lost or stolen belongings, helping you recover the financial loss.
    • Loss or theft of Passport: If your passport gets lost or stolen,  can cover the expenses involved in obtaining a new one, including emergency travel documents and passport replacement fees.
    • Trip Cancellation: Sometimes unforeseen circumstances may force you to cancel your trip. With travel insurance, you can receive a refund for pre-paid expenses, such as flights and accommodation, ensuring that you don’t lose your hard-earned money.
    • Home Burglary Insurance: It is a type of insurance that keeps your home protected while you’re away from home. It helps you in case someone breaks into your house and takes or damages your things. If you have this add-on insurance, the company will give you money for the items that were stolen or damaged during the burglary, but it only applies if the incident occurred in your home in India.
    • Compassionate Visit: During your travel, if you get injured or sick and need to stay in the hospital, this insurance covers the cost of bringing a close family member to be with you. The doctor must confirm in writing that your family member’s presence is necessary, and the insurance company needs to approve it. They will reimburse the actual cost of a basic flight ticket for your family member to travel directly to you. However, the reimbursement amount cannot exceed the maximum coverage limit of the insurance policy. In this case, “family member” refers to your spouse, parents, siblings, and in-laws. This benefit is only applicable if your hospitalization is covered under the Medical Expenses and Medical Evacuation section of the policy.

    In conclusion, as you embark on your next travel adventure, remember to prioritize both your financial well-being and your safety. Implement the money-saving tips shared in this blog, plan ahead, and make informed decisions. And above all, don’t forget to invest in travel insurance from a trusted insurance consultant like Elephant.in. By doing so, you’ll not only save money but also have the peace of mind to fully immerse yourself in the wonders of the world.

    Bon voyage!

    EL/02/23-24/89

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    Published on: 21st Jun 2023
    What Should You Do if Your Vehicle Is Involved in a Road Accident?

    A road accident can be a stressful event, but with the right knowledge and support, you can navigate through this experience with resilience and confidence. Let’s explore some important steps you should remember if you find yourself in such a situation.

    1. Stay Clam and Manage the Situation

    First and foremost, staying calm and managing the situation is vital. Take a deep breath and assess the damage to your vehicle and any others involved. If there are injuries, immediately call for medical assistance. Remember, it’s important not to move any injured person unless it’s absolutely necessary to avoid further harm.

    2. Collect Relevant Details

    Make sure to collect their contact details, and insurance information, and note down the make, model, and registration number of their vehicle. If there are witnesses, gather their names and contact information as well.

    3. Take Pictures and Gather Proof

    In today’s digital age, a picture is worth a thousand words. Use your phone to capture images of the damage to your car and the other vehicles involved. These photographs can serve as crucial evidence when submitting an insurance claim. Additionally, try to capture the accident scene and any relevant traffic signals or road signs that may have contributed to the collision.

    4. File an FIR

    In cases of significant injuries or severe damage to the vehicles, filing a First Information Report (FIR) with the police is essential. The FIR will serve as important documentation for insurance purposes, so try to obtain a copy for your records.

    5. Notify Your Insurance Provider

    Next, it’s time to notify your insurance provider promptly. Share all the relevant information, including the police FIR and the photographs of the damage. Follow their instructions carefully to facilitate the claim process. But before accepting any settlement offers from the other driver or their insurance provider, thoroughly review the terms and conditions. It’s crucial to understand the implications and ensure you receive fair compensation for the damages.

    6. Repair Your Vehicle

    Once the insurance process is underway, you’ll need to have your vehicle repaired. Visit a partner garage or an approved service facility to get the necessary repairs done. Remember to save all the invoices and receipts related to the repairs, as your insurance company may request them as part of the claims procedure.

    7. Appropriate RC Information for Garage Cashless Services

    When it comes to insurance, accurate information is crucial. Ensure that your vehicle’s RC book contains the correct details about the engine, chassis, and registration numbers. Any discrepancies may hinder your chances of receiving cashless service at a network garage. So, be meticulous when purchasing or renewing your vehicle insurance policy.

    8. Assuring Quick Evaluation and Repairs for Your Damaged Vehicle

    In some cases, the insurance company may appoint a surveyor to evaluate the damage to your car and determine the payout. They may conduct a spot survey at the accident site or visit the garage where your vehicle is being repaired. If there are delays in the survey or claim processing, don’t hesitate to contact your insurance provider or agent/broker for updates. Being proactive and following up can help expedite the resolution process.

    Conclusion

    A car accident is undoubtedly a distressing experience. But if you adhere to these simple instructions, you can ensure that dealing with the consequences of an accident is as easy and hassle-free as possible.

    Moreover, at such times, Elephant.in stands by your side, offering unwavering support throughout the entire process. From providing roadside assistance to ensuring you receive your rightful claim, our team of dedicated experts is here for you. Count on Elephant.in to deliver top-notch service and guidance at every stage. If you require any assistance or have any queries, do not hesitate to contact Elephant.in at 1800 266 9693 or support@elephant.in.

    Drive safely and let Elephant.in help you stay secure on road.

    EL/02/23-24/101

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  • sliderImg
    Published on: 22nd Jun 2023
    3 Hacks to Manage Senior Citizen Parents’ Healthcare Costs

    Our parents hold a special place in our hearts. They’ve been there for us, guiding us and giving us unconditional love throughout our lives. Now, as time passes, it is our turn to ensure their well-being, especially when it comes to managing their healthcare costs.

    Unfortunately, the cost of medical care has been rising steadily over the years, making it increasingly difficult for families to bear the burden. It’s natural to feel worried and responsible for our parents’ well-being, wanting to make sure they receive the best care without financial stress. This is a mission that every loving child takes on with determination.

    To your rescue, Elephant.in is here to share three helpful hacks that will empower you to handle your parents’ healthcare costs wisely and effectively.

    #Hack 1 – Buy Adequate Health Insurance Coverage

    One of the most important steps in managing healthcare costs for your parents is to ensure they have adequate health insurance coverage. Explore different insurance options and select a plan that provides comprehensive coverage for their medical needs.

    Consider factors like premiums, deductibles, co-payment, waiting periods, sub-limits, coverage limits, room rent limit, etc., to find the right balance. With the right health insurance, you can significantly reduce hospitalization expenses and ensure best-in-class treatment for your parents without undue financial stress.

    You save up to 60% on your premium amount with this exclusive deal.
    Why wait? Visit Elephant.in!

    #Hack 2 – Build a Buffer – Maintain an Emergency Fund

    Even if the health coverage is enough for hospitalization, various components like post-hospitalization expenses, day-to-day medical expenses, and a lot of out-of-pocket expenses may arrive.

    Therefore, you need to put aside some money for your healthcare. Maintaining an emergency fund to meet unforeseen medical costs is crucial as your parents get older.

    Make sure to choose a bank account that offers a higher interest rate and maintain its activity by conducting transactions at least once a month. Your emergency fund should ideally be around 6 to 8 times your monthly salary.

    It is advisable to select a widely accessible bank for this account so that you can easily find an ATM in case of emergencies and withdraw cash when needed.

    #Hack 3 – Manage Your Parents’ Investment Portfolio at an 80:20 Ratio

    It might be a good idea to manage their portfolio at an 80:20 ratio to ensure your parents have enough money to pay for their medical costs.

    This strategy aims for them to allocate 80% of the money in debt funds. This ensures stability, minimizes the impact of market fluctuations, and provides a reliable source of revenue for cash liquidity.

    The remaining 20% can be allocated to more growth-oriented investments, which have the potential to generate higher returns over time. This balanced approach helps protect your parents’ investments while providing opportunities for growth to meet their healthcare needs.

    Conclusion

    By using these three hacks, you can better handle the challenge of managing healthcare costs for your elderly parents. It will give you more confidence and make things easier for you. Remember, taking care of your parents is an act of love. With careful planning and smart financial strategies, you can make sure they get the care they need without sacrificing their financial security.

    To safeguard your own future, we offer various insurance options. Visit Elephant.in to explore a wide range of reliable and comprehensive healthcare insurance plans. If you have any questions or need assistance, feel free to connect with us:

    Toll-Free No. – 1800 266 9693 | Email ID – support@elephant.in
    Don’t wait until it’s too late!

    Disclaimer: The premium of ₹50/day i.e., ₹22,733 per year (inclusive of 18% GST) has been calculated for a 60-year-old healthy male and spouse on a family floater basis for a cover amount ₹5 lakh base health and ₹20 lakh super top-up with ₹5 lakh deductible. Discount of up to 60% has been calculated basis on the market offering taken for comparison is from Care Health Insurance Limited’s retail product ‘Care’ for the same age and sum insured of ₹25 lakh, and benefits may vary. This exclusivity is offered by Care Health Insurance Limited group product “Group Care 360” UIN: RHIHLGP20126V011920. Premium may vary as per the selection made by the customer in any part of the digital journey including the sum insured opted. Premium is subject to change by the insurance company selected by the customer. Employees can enjoy the discount by entering their Work Email ID subject to their company being a ‘Preferred Partner Organization’ at Elephant.in. All discounts are provided by Insurers as per IRDAI-approved insurance plans. Standard T&C apply. Product information is authentic and solely based on the information received from the insurer. For more details on risk factors, please read the sales brochure carefully before concluding a sale. Insurance is the subject matter of solicitation. Alliance Insurance Brokers Private Limited | 8th Floor, Gold Crest, NS Road No. 10, Juhu, Vile Parle (W) Mumbai 400 049, India | Toll Free No. 1800 266 9693 | Composite Broker | CIN: U67200MH2003PTC141621 | IRDAI Registration No. 217 | Valid till 12/10/2024 | EL/02/23-24/91

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    Published on: 31st May 2023
    7 Must-Have Car Insurance Add-ons

    Picture this – you’re driving during the monsoon season, and suddenly, your car gets flooded, leaving you stranded with costly repairs. You find out that your regular insurance policy doesn’t cover such unforeseen events, which can cause significant financial losses.

    But fear not! That’s where add-on covers come to the rescue. These add-ons, also called riders or extensions, fill the gaps left by a standard car insurance policy. They offer you extra protection and peace of mind in situations like the one described above.

    In this blog, we will delve into the growing importance of add-on covers in car insurance policies in India, exploring key options that can enhance your coverage, ensuring you’re well-protected on the road.

    7 Must-Have Add-ons in India

    Aside from the numerous add-ons available on the market, here are the top 7 must-have riders with your basic car insurance.

    1. Zero Depreciation

    Zero Depreciation cover ensures that you receive the full claim amount without accounting for depreciation during repairs or replacements of car parts. With this add-on, you can avoid hefty out-of-pocket expenses and enjoy comprehensive coverage for repairs or replacements, maximizing the benefit of your car insurance policy.

    2. Roadside Assistance

    Roadside Assistance is a valuable add-on that offers support in unexpected situations such as breakdowns, flat tires, or accidents. The best part is that it provides round-the-clock assistance without affecting your No Claim Bonus. Whether you need a tow truck, fuel refill, or emergency locksmith, this cover provides round-the-clock assistance, ensuring you are not stranded on the road and helping you resume your journey without any hassle.

    3. Engine Protector

    The Engine Protector add-on cover safeguards your vehicle’s engine against damage caused by water ingression or hydrostatic lock. With the increasing instances of flooding during monsoons in many parts of India, this cover becomes particularly crucial, as it protects you from costly repairs or replacements of your car’s engine components.

    4. NCB Protection

    No Claim Bonus (NCB) Protection add-on allows you to preserve your hard-earned NCB discount even after filing a claim. Usually, a single claim can lead to the reduction of your NCB, resulting in higher premiums. With this cover, you can maintain your NCB benefits, ensuring future savings on your car insurance premiums.

    5. Key Replacement

    Losing or damaging your car keys can be a stressful experience. The Key Replacement add-on cover provides financial assistance for the replacement or repair of lost or damaged keys, including locksmith charges. It saves you from the inconvenience and expenses associated with replacing modern car keys that are often expensive to replace.

    6. Loss of Personal Belongings

    The Loss of Personal Belongings add-on cover compensates you for the loss or damage of personal items within your insured car due to theft or an accident. This cover offers reimbursement for items such as laptops, smartphones, or other valuable possessions, providing additional financial protection beyond the scope of a standard policy.

    7. Return to Invoice (RTI)

    The RTI (Return to Invoice) add-on cover is highly recommended and incredibly beneficial. It ensures that you receive compensation equal to the original value of your car when you first purchased it. This claim applies in situations where your car is stolen or constructive total loss, wherein, the surveyor declares that the repair cost of the vehicle exceeds 75% of the IDV (Insured’s Declared Value) of your vehicle.

    Imagine the unfortunate scenario where your car is stolen, and despite police efforts, it cannot be recovered. This situation can be incredibly challenging for you. However, with the RTI Cover, you can find solace. It guarantees that you will receive the full invoice amount as compensation, providing you with valuable financial support during such difficult times.

    Conclusion

    In today’s world, the dangers on Indian roads are always changing, and unexpected events like floods can occur. That’s why it’s crucial not to overlook the significance of additional insurance coverage. By adding these extra coverages, you can strengthen your insurance policy and have greater protection and peace of mind. At Elephant.in, you can explore a wide range of additional covers that are available. They offer many other add-ons and comprehensive solutions to meet your specific insurance requirements. Feel free to visit Elephant.in, today!

    Right insurance, best price, every time. It’s a promise!

    EL/02/23-24/67

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    Published on: 15th Mar 2023
    Why Corporate Employees Must Purchase Insurance from Elephant.in

    Elephant.in is India’s first Insurtech consulting platform offering a one-stop solution for all the personal insurance needs of corporate employees.

    Employees often seek various insurance plans to strengthen their financial capability and secure their future. By empowering them with Corporate Superpower, we offer various coverages to keep their present and future financially secured.

    Powered by Alliance Insurance Brokers Pvt. Ltd., India’s leading insurance brokers, nothing but only the best insurance plans at the best price are provided.

    A Sneak Peek of Benefits Offered by Elephant.in

    When employees use their Work Email ID, they get access to following benefits at Elephant.in:

    #1. Corporate Superpower

    Corporate employees deserve the right to feel taken care of and that’s exactly what is done. They are guarded with superpowers that allow them to get the best insurance policy at economical prices and top-notch service.

    #2. Handpicked Insurers

    Packed with carefully chosen insurance companies, employees can rest assured about being helped with the best plans in line with – their requirements and paying capability, along with the best customer service.

    #3. Instant Policy

    Get over those traditional physical policies that were time-consuming, lengthy and extremely annoying. As soon as the payment is made, employees can either download or print the chosen policy.

    #4. Digital Relationship Manager

    After purchasing a policy, having questions or expecting some help is natural and that’s not neglected. Each employee is backed by a dedicated digital relationship manager to help with such matters and offer peace of mind.

    #5. Lifetime Personalized Account

    Looking for one thing and hunting from place to place is annoying and takes ample time. This is why employees these days expect everything together in one place. Making it a reality, employees are given a lifetime personalized account to manage their policy effortlessly.

    #6. AI-based Recommendation

    The artificial intelligence, Laxmi, works like a friendly advisor for every employee and guides them throughout the process. Laxmi also suggests solutions or recommendations it believes might prove helpful for an employee.

    #7. Right Insurance at the Best Price

    There are a couple of benefits corporate employees can reap. They are told about various insurance plans with each one of them having their own benefits. This way, employees are helped in picking the best insurance that covers their needs at the best possible negotiated price.

    #8. Assistance from Experts

    Gone are the days when stepping into the insurance space was a troublesome, complicated and severe headache. Professional insurance experts simplify everything and make the whole experience a lot easier than they thought.

    #9. Best-in-Class Claim Service

    Nothing is certain and insurance plan claims are no exception. However, skilled and determined experts are always at the beck and call of the employees to help them get what they deserve. In other words, claims are managed easily.

    #10. Renewal Management

    Timely automatic renewal notifications are shared to remind the employees before the policy is about to expire. This ensures that they renew the policy on time and that too in a quick and easy way. Simply said, attention is given so that payments are not delayed.

    A Zero Cost Insurance Consulting Platform for Corporate Employees

    Elephant.in has a vast clientele and a number of trusted insurers, two factors that speak for the company being a genuine and reliable choice for corporate employees. More than 10 lakh employees have benefited from their association with these talented professionals and are continuing to do so. Combining these reasons together make Elephant.in a great pick for everyone who belongs to the corporate world.

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  • sliderImg
    Published on: 26th Dec 2022
    What is Covered Under a Comprehensive Car Insurance Policy?

    Mainly, there are two kinds of car insurance policies – Third Party Liability Coverage and Comprehensive Coverage.

    Before talking about Comprehensive coverage, first, let’s quickly go through the Third Party Liability Coverage.

    As per the Indian Motor Vehicles Act of 1988, every individual who owns an automobile, or any other type of vehicle for that matter, is required to have third-party liability coverage.  This coverage offers financial security against losses or damages brought on by the insured’s car to a third party. It pays the third party back for any property loss, physical harm, or unintentional death.

    What is a Comprehensive Car Insurance Policy?

    A comprehensive car insurance policy protects the insured against both third-party liabilities and their own damages.  Since it protects you financially from any damages that may occur unrelated to a collision, it is sometimes known as “other than collision” or “own-damage” car insurance. Any unanticipated events, including accidents, fires, thefts, and natural disasters, are covered by a comprehensive car insurance policy. Thus, both the insured and the third party are covered.

    The Advantages Of Purchasing Comprehensive Car Insurance

    Any unanticipated occurrence, except collision, is covered by a comprehensive auto insurance policy. It also provides coverage for losses sustained in an accident. Here are some of the many additional advantages of this “other than collision” cover:

    • It offers your vehicle the finest degree of protection possible
    • With comprehensive automobile insurance, you may claim damages suffered in such circumstances even if you were at fault in an accident
    • It covers claims made against you in court, including legal costs, as a consequence of an accident
    • Financial security and peace of mind
    • Financial aid if your car is written off
    • In contrast to third-party insurance, it protects against damage to your own vehicle during an accident

    What Is Covered by Comprehensive Insurance?

    Comprehensive car insurance covers the 3 following things:

    1. Third-Party Liability

    • Damages caused to the property of the third party.
    • Death or injuries caused to the third party.
    • Death of the insured vehicle’s owner.
    • At an additional premium, the demise of the insured vehicle’s driver is also covered.
    • At an additional premium, the demise of the passengers travelling in the insured vehicle is also covered.
    • At an additional premium, the permanent total disability of the insured vehicle’s owner, passengers, and the driver is also covered.

    2. Own Damage

    • Natural disasters like storms, floods, earthquakes, tornadoes, hurricanes,  etc.
    • Damage suffered in an accident involving the insured vehicle.
    • Terrorism
    • Explosions, fire, and civil commotions
    • Falling objects
    • Stealing and damage

    3. Personal Accident Cover

    • Death of the life insured
    • Loss of two limbs, loss of vision in both eyes, loss of one limb, or loss of one eye.
    • Permanent disability due to injuries other than those already mentioned.

    What are the Exclusions of Comprehensive Insurance?

    If an accident causes damage to your automobile, you cannot file a compensation claim without having comprehensive coverage at the time of the accident. Similarly, several items are not covered by comprehensive auto insurance:

    • Depreciation
    • Natural deterioration of the vehicle (wear and tear)
    • Mechanical or electrical failure
    • Damages to the car resulting from a driver driving without a legal license
    • Damage brought on by drunk driving
    • Damage incurred from intoxicated driving (under the influence of drugs)
    • Independent tire and tube damage (not due to a covered collision)
    • Vehicle loss or damage caused by mutiny, war, or nuclear risk

    Conclusion

    There is no doubt that a comprehensive car insurance policy typically offers broader coverage. However, Please note that each policy is unique, and you must read it thoroughly to understand the inclusions and exclusions.

    In case of queries, feel free to write us at support@elephant.in or call at 1800 266 9693.

     

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  • sliderImg
    Published on: 16th Dec 2022
    Section 80D: How to save tax on health insurance premiums paid

    Every year at this time, people start talking about taxes and investments that can reduce their taxable income. And it’s crucial that you only use legal ways while trying to lessen your tax burden. Elephant.in can help with that.

    In this article, we have outlined a legal strategy you may use to not only reduce your tax burden but also create a sizeable fund for you and your family’s health emergencies.

    One of the legal tax-saving avenues is Section 80D of the Income Tax Act, which allow you to get tax benefits on health insurance premium(s) paid from your income up to a limit of ₹ 1,00,000. Let us understand this Section in detail.

    Health Insurance Tax Benefit in India

    Under Section 80D, you can avail income tax deductions against healthcare-related expenses and payment of health insurance premium. The amount of tax deductions that you can claim under Section 80D depends on the number of people included under the health insurance coverage as follows:

    • A policy that covers individual, spouse, and children (no member is a senior citizen) – a maximum of ₹ 25,000
    • A policy that covers individual, spouse, and children + parents who are not senior citizens – a maximum of ₹ 50,000
    • A policy that covers individual, spouse, and children + parents who are senior citizens – a maximum of ₹ 75,000
    • A policy that covers individual, spouse, and children where you or your spouse is a senior citizen + parents who are senior citizens – a maximum of ₹ 1,00,000
    • Section 80D also covers payment made for preventive health check-ups, critical illness life insurance plan and other health-related riders provided under a life insurance policy.

    It’s almost the end of the third quarter of the current financial year and is the right time to start planning your investments for the year and save some of your hard-earned tax money.

    You can visit Elephant.in to choose your preferred insurance company, compare various plans and buy the one that best fits your requirements.

     

    Tax Disclaimer: Tax benefits are defined by the Income Tax Act of 1961 and are subject to any future changes. It is suggested that you consult with a tax consultant.

    Source: https://incometaxindia.gov.in/

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  • sliderImg
    Published on: 16th Dec 2022
    Section 80C: How to save tax on life insurance premiums paid

    People begin discussing taxes and investments that can lower their taxable income around this time of the year. It’s vital that you only reduce your tax bill using legal means. That is where Elephant.in can help.

    In this post, we’ve covered a one of the most-opted legal ways you can employ to – not only lower your tax bill but also build up a sizable emergency fund – that can protect you and your loved ones in uncertain situations.

    One of these legal tax-saving options is Section 80C of the Income Tax Act, which enables you to receive tax benefits on expenses from your income up to a maximum of ₹1,50,000. Let’s take a closer look at this Section.

    Life Insurance Tax Benefits in India

    One of the most well-known and preferred tax-saving options is Section 80C – because it enables taxpayers to make tax-saving investments like life insurance products to lower their taxable income.

    It allows a maximum annual deduction of ₹ 1,50,000 from the total yearly income.

    For example, You are a 26-year-old individual, that falls under the highest tax slab rate of 30% having an annual income of less than Rs 50 lakhs. You have opted for the old tax regime.

    You have purchased a term life insurance plan from Elephant.in. for an annualized Premium of ₹19,500 for a Premium Payment Term and a Policy Term of 36 years. You get a life cover of ₹ 2 crores. In the case of your unfortunate demise, your nominee will get a lump sum payout of ₹ 2 crores.

    As per 30%, the tax on ₹ 19,500 is ₹5,850
    +
    Education Cess of ₹ 234 at 4% of ₹45,000
    =
    You save ₹5,616 in a year

    In this way, you can save ₹5,616 X 34 years (premium paying term) = ₹ 2,02,176

    Additionally, you get the following benefits from a term life insurance plan:

    • Life cover  of over ₹ 2 Crore
    • You save ₹ 2.02 lakhs in tax benefits under Section 80C
    • Get tax-free pay-out under Section 10(10D)

    Suggested Read: How much term insurance cover do I need?

    It’s almost the end of third quarter of the current financial year and is the right time to start planning your investments for the year and save some of your hard-earned tax money.

    You can visit Elephant.in to choose your preferred insurance company, compare various plans and buy the one that best fits your requirements.

    Tax Disclaimer: Tax benefits are defined by the Income Tax Act of 1961 and are subject to any future changes. It is suggested that you consult with a tax consultant.

    Source: https://incometaxindia.gov.in/

    READ MORE
What Our Customers Say
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    Purchasing health insurance from elephant.in was a win-win situation for me, it helped me protect my health and save money on taxes- all of this through a web portal that was extremely easy to navigate.
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    Group VP, Talent Acquistion, Corporate Human Resources- CK Birla Group
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    Graphic Designer
  • For HR
    Alliance Insurance has been our insurance brokers and risk advisors for the last many years. Their insurtech platform Elephant.in which advises employees on their purchase of personal insurance policies voluntarily, has been integrated into our system seamlessly, giving employees the muscle of the corporate for their personal insurance requirements. Moreover, being completely cost-free to us as a corporate with no commitment partnerships, in terms of business or participation from the employees, Elephant.in is truly a great addition to our Employee Value Proposition and the overall bouquet of employee benefit initiatives at INOX Group
    Siddharth Jain
    INOX Air Products Pvt Ltd - Director
  • For HR
    At HomeFirst we are continuously looking for improving holistic employee wellbeing and ensure that they have the opportunity to get the best in the easiest way possible. Elephant fits in perfectly as it combines the best products available in the insurance industry and provides them at the most competitive rates with great flexibility to the employee. All this while taking away the administrative burden from the organisation burden from organisation for providing the same.
    Ramakrishna Vyamajala
    Chief Human Resources Officer- Home First Finance Limited
  • For HR
    Elephant.in provides great deals on personal insurance for our employees, and is an innovative addition to our suite of employee benefits options.
    Mohan Monteiro
    CHRO -House of Hiranandani
  • For HR
    I recently renewed my motor private car insurance policy with Elephant.in and I must say, I am very much impressed with their prompt and qualitative service. The whole journey has been very smooth and hassle-free plus I got a good deal on my renewal policy with many add-on benefits. Thank you, Team Elephant.in, keep up the good work!
    Sanjay Gopalan
    Vice President - Fairmacs Shipping and Transport Services Pvt Ltd
  • For HR
    Elephant.in was recently onboarded into our organisation and the integration process went very smoothly. Our employees were given exclusive deals on well-curated insurance products to choose from. Congratulations, Elephant.in!
    Shubha Shetty
    HR Manager -Marathon Realty
  • For HR
    My car insurance policy was purchased from Elephant.in, and I am really pleased with my overall experience. Their AI-based recommendation, as well as multiple options from other insurance companies, were presented to me, resulting in a fantastic range of options to choose from, all at exceptional discounts when I used my work email ID. Cheers to Team Elephant.in!
    Aashish Majumdar
    Finance Head - INOX Air Products Pvt. Ltd.
  • For HR
    We recently partnered with Elephant.in as a part of our employee benefit initiative. The team was helpful and made sure we had a seamless onboarding process. They curated enticing discounts and offers for our employees and provided a well-trained customer service team to assist us with any questions we had. Team Elephant, keep up the fantastic job!
    Sandeep Raina
    Senior General Manager - Human Capital and General Affairs - Welspun Group
  • For HR
    As part of our employee benefits activities, we launched Elephant.in as a voluntary insurance programme, and we are pleased with the product and service offerings, which are exclusive to our employees. The insurance benefits from Elephant.in were also simple to incorporate into our ecosystem, making the onboarding process hassle-free, and ensuring our employees get the best insurance product, at discounted prices using their work email ID. Our employees can now easily purchase their personal insurance policies at a click of a button, all thanks to Elephant.in. Looking forward to a long-term partnership with Elephant.in for the benefit of our employees.
    Arun Bhatia
    Chief Human Resource & Corporate Affairs Officer -INOX Leisure Ltd
  • For HR
    Team Elephant.in has helped us with timely and efficient support on the queries our employees had. They have provided step-by-step assistance to our employees in making well-informed decisions about their insurance requirements. Thank you, Elephant.in for a wonderful experience.
    Deepak Patel
    Assistant General Manager - Human Capital and General Affairs - Welspun Group
  • For HR
    Impeccable performance and exceptional service by Team Elephant.in. The entire process of onboarding has been smooth and quick. Well curated insurance solutions for every need, best prices, 24*7 assistance, and expert advisory is all that was provided to us right from day one. Good job guys, Keep it up!
    Subhash Mali
    Vice President, HR- H.K. Design
  • For HR
    Team Elephant.in delivered an outstanding performance and provided amazing service. The entire onboarding process went smoothly and quickly. From the beginning, we were given well-curated insurance choices for every requirement, the best costs, round-the-clock help, and expert advice. Keep up the good work, folks!
    Saumya Badgayan
    Vice President - Corporate Strategy HR & IR - Gold Star Jewellery Pvt. Ltd.
  • For HR
    As part of our employee benefits initiative, we recently implemented Elephant.in for our corporate employees, and we are very satisfied with the service. With enticing discounts, employees were able to choose from a pool of well-curated insurance products. You're doing a great job, Elephant.in
    Anant Nagvekar
    Compliance Officer - Brunel India Pvt Ltd
  • For HR
    Thanks for all your support. Really appreciate your efforts in coordinating with the insurance company to process the Corona Rakshak Policy.
    Rachel Dennis
    HR - Indian Electrical & Electronics Manufacturer's Association -
  • For HR
    We onboarded Team Elephant.in for our corporate insurance benefits program and the entire journey was very smooth and easy. Right from day one, their dedicated team ensured all our insurance needs were fulfilled by providing us with handpicked insurers, 24*7 assistance, mega offers, and discounts on all their insurance products, AI-based recommendation system, and much more. We are happy with their service and recommend them to all!
    Pramod Khedekar
    Hs Jogani And Sons Private Limited -Accounts Manager
  • For HR
    We recently onboarded Elephant.in for our corporate employees and are highly amazed by their best-in-class benefits deployed and managed without any issue, well-curated insurance solutions that match all our needs, dedicated customer support team that is available 24*7, best prices from handpicked insurers, mega discounts on products, and much more. Kudos Team Elephant.in!
    Burhan Ujjainwala
    Sr. Accountant -Nadrix Solutions Private Limited
  • For HR
    Elephant.in has ensured the best prices on insurance products along with very supportive customer service for our team. It has worked as a helpful tool to enhance employee benefits at zero cost or bandwidth to the company.
    Chandan Kumar
    Regional Insurance Specialist- Andritz Group
  • For HR
    The Whole idea of Launching Elephant.in was to align oneself with the current digital age and provide robust and customized digital retail insurance solutions to the employees so as to fulfill their personal insurance requirements under one single online platform thereby helping them buy exclusive curated products at the click of a button
    Rohit Jain
    Kale Logistics Solutions-AVP – HR & Admin
  • For HR
    We chose Elephant.in as it's a one-stop-shop for all the insurance needs of the employees. This solves all needs of personal Insurance.
    Chitra Narayan
    India HR Head- -A.O.Smith India Pvt Ltd
  • For HR
    Onboarding Elephant.in for our corporate employees has been a brilliant experience. Their Pre and post sales service is quite smooth and seamless that ensures 100% transparency and quick solution to queries. We highly recommend them in the employee benefit space. Good job team elephant.in
    Kiran Nair
    HR & Admin - Wall Street Finance
  • For HR
    Securing employees emotionally with the right platform while hunting for the insurance products in the open market is a great challenge Elephant.in gives a team of experts to support the best products
    Sonal Gururaj
    Hr Associate -Entuple
  • For HR
    Elephant.in has given a wide range of options at the best price to our employees under a single umbrella. They have a very business model that acts as a bridge between retail and corporate insurance package
    Kumar Gyanendra
    HR Manager- Edureka
  • For HR
    The Whole idea of Launching Elephant.in was to align oneself with the current digital age and provide robust and customized digital retail insurance solutions to the employees so as to fulfill their personal insurance requirements under one single online platform thereby helping them buy exclusive curated products at the click of a button
    Rohit Jain
    AVP – HR & Admin - Kale Logistics Solutions
  • For HR
    Impeccable performance and exceptional service by Team Elephant.in. The entire process of onboarding has been smooth and quick. Well curated insurance solutions for every need, best prices, 24*7 assistance, expert advisory is all that was provided to us right from day one. Good job guys, Keep it up!
    Subhash Mali
    Vice President, HR- H.K. Designs
  • For HR
    We recently onboarded Team Elephant.in for our organization and we are very happy with their service. Right from dedicated customer support for assistance and a smooth onboarding process, our employees got a plethora of great discounts & offers over a wide range of insurance products. Thank You Team Elephant.in, Keep up the good work.
    Hare Krishna
    Manager – Admin & HR - Aura Jewels

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Alliance Insurance Brokers Pvt. Ltd.
8th Floor, Gold Crest, 10th Road, Juhu, Vile Parle (W), Mumbai 400 049, India
Email
Monday - Saturday
9:30 am - 6:30 pm IST
CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2021 to 12/10/2024
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
CIN: U67200MH2003PTC141621
IRDAI Registration No.: 217
Valid from : 13/10/2021 to 12/10/2024
Category : Composite Broker
Principal Officer Name: Mr. S. V. Thakkar
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