However, if you choose to extend the car insurance coverage, you can opt to buy comprehensive car insurance policy.
The car insurance coverage offered by a comprehensive insurance policy from ICICI Lombard may includes numerous benefits that will come to your rescue in times of a road mishap or accident. When you buy this policy, you can fill in the details of your policy plan in the online car insurance calculator and instantly know about the payable premium amount.
A thorough knowledge of the payable premium for the original policy plan will help you modify the car insurance plan to suit your requirements. The premium structure of this comprehensive car insurance plan is divided into three parts.
The first part is paid for availing the benefits offered by the mandatory coverage for third party liability . Premium amount for this cover is uniform throughout policy plans as it is fixed by the IRDA in India. This cover safeguards you and your insured car against any financial crises if your vehicle causes death or permanent injury to a person. It also offers financial assistance when paying for damage caused to a person's property during an accident.
The coverage for personal accident (PA) constitutes the second part of the premium structure. However, this cover is included in the comprehensive car insurance offered by ICICI Lombard. This cover not only offers protection to the driver owner but also offers compensation for expenses incurred for treatment of severe injuries caused during an accident. This cover also offers financial assistance to the family of the insured individual if he dies during an accident.
The final part of the premium structure is due to the coverage for own damage (OD) that you include in your comprehensive car insurance policy. ICICI Lombard has a tie-up with network of garages all over India from where you can get your damaged car repaired with this cover. You may further increase the benefits of this cover by including optional add-on cover. When you include add on covers in your policy plan, you are required to pay an additional yet negligible amount. To prevent confusion about the payable premium, you can use vehicle insurance online payment.