Ludhiana, often called the Manchester of India, is known for its bustling roads, growing car culture and fast-paced lifestyle. From compact hatchbacks to full-sized SUVs, vehicles play an essential role in daily commuting across the city’s frequently congested streets.
As traffic continues to grow, so do risks, such as the increasing number of road accidents. This makes having appropriate car insurance a practical safeguard. Read on to discover key features of car insurance, including types, benefits, process and more.
Features of car insurance
Car insurance in Ludhiana offers practical protection, like covering legal requirements, unexpected damages and everyday risks. The features of car insurance are as follows:
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Feature
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What it means
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Affordable premiums
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Basic third-party insurance plans start at around ₹2,094 per year. This will help you stay legally covered without spending too much.
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Cashless garage network
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Most insurers provide access to thousands of network garages. It includes several in Ludhiana, so you can get repairs without paying upfront.
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Personal accident cover
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Policies usually include up to ₹15 lakh in cover for the owner-driver. This offers financial protection in case of serious injury or death.
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Customisable add-ons
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You can enhance your policy and enjoy broader coverage with add-ons like zero depreciation, engine protection, roadside assistance, key loss cover and more.
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No Claim Bonus (NCB)
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Safe driving and zero claims during your policy term can make you eligible for a premium discount. This can go up to 50% over the years.
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Insured Declared Value
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This is the maximum amount your insurer will provide if your car is stolen or declared a total loss.
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Types of car insurance policies in Ludhiana
The various types of car insurance available in Ludhiana are:
1. Third party car insurance
Mandated by law, this is the most fundamental form of insurance cover, offering protection against third-party liabilities.
- Pros: Most affordable option, ensures legal compliance
- Cons: No coverage for your car or personal injuries
- Ideal for: Drivers with older vehicles or minimal usage
2. Own damage cover
This policy is a standalone coverage that protects against damage to your car resulting from accidents, fire, theft or natural disasters. It must be bought in combination with third-party insurance.
- Pros: Offers personal vehicle protection
- Cons: Does not cover third-party liabilities
- Ideal for: New car owners or those with financed vehicles
3. Comprehensive car insurance
This plan combines third-party liability and own-damage cover. It offers wide protection and can be improved with various add-ons.
- Pros: Covers both personal and third-party damages
- Cons: Slightly higher premiums
- Ideal for: Car owners who want complete peace of mind
Benefits of car insurance policies in Ludhiana
A robust car insurance can help you in the following ways:
- Legal compliance: Third-party insurance ensures you are complying with the law. Failure to do so can result in fines and even imprisonment.
- Financial protection: Insurance keeps you financially secure by covering the costs of repairs, damage and medical bills that come with an accident.
- Cashless repairs: Most insurers have a good network of garages in Ludhiana. You can simply visit one of these authorised centres and get your car repaired without having to pay upfront; your insurer settles the bill directly.
- Personalised coverage: Policies are not one-size-fits-all anymore. You can add extras based on your lifestyle, such as engine protection for the rainy season or key replacement if you are prone to misplacing items. Add-ons help you customise and enhance your coverage.
- Immediate assistance: Many plans now include 24/7 roadside assistance. Help is just a call away, whether your battery dies, you get a flat tyre or if you need a tow.
Coverage offered under car insurance in Ludhiana
Coverage varies by plan and add-ons, but the typical coverage offered includes the following:
- Third-party liability: This is mandatory and it covers injury or death caused to someone else and damage to their vehicle or property.
- Own damage cover: It takes care of your car if it is damaged in an accident, fire, flood, riot or even stolen.
- Personal accident cover: This cover provides financial protection to the driver/owner in the event of a serious injury or death.
Useful add-ons to consider
You can also consider including additional protection to your coverage. Some helpful add-ons that can provide broader coverage are:
- Zero depreciation: Full claim payout without deductions for part wear and tear.
- Engine protection: Covers water damage, oil leaks and mechanical failure.
- Return to invoice: Get reimbursed the full invoice value of your car if it is stolen or totalled.
- NCB protection: Keep your NCB intact even after one claim.
- Key replacement: Covers the cost of car key replacement when keys are lost or stolen.
- Consumables cover: Includes things like engine oil, nuts, bolts and other non-reusable parts.
- Roadside assistance: Emergency support like towing, fuel delivery or a jump-start.
How to buy car insurance online in Ludhiana?
Buying car insurance in Ludhiana is a simple process. This is how you can do it online:
- Visit the official website of the insurer.
- Select 'Car Insurance', provide relevant vehicle information and look for options to get a quote
- To apply, provide your car registration number and personal details.
- Choose the type of policy and add-ons you want.
- Review the quote and pay online.
- Download your digital policy instantly.
Conclusion
Choosing the right car insurance policy doesn’t have to be complicated. Take a little time to understand what kind of coverage you need. Perhaps it's just the basics to stay compliant or maybe a more comprehensive plan with useful add-ons and broader coverage.
Either way, an appropriate policy provides protection when you need it the most and provides long-term peace of mind.
FAQs
- Is car insurance mandatory in Ludhiana?
Yes, having at least third party car insurance in Ludhiana is legally required.
- Can I get car insurance in Ludhiana online?
You can easily buy, renew or manage your car insurance in Ludhiana online without needing an agent.
- Can I transfer my car insurance to a new owner?
Yes, when you sell your car, the insurance plan can be transferred to the new owner. You need to inform the insurer and provide the required documents.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.