You can keep your car in the best possible condition, but you cannot avoid the harm that cause due to some unavoidable situations. Vehicle insurance or car insurance can provide several benefits to an insurer and insured as well. In India, it is compulsory to insure your vehicle under 1988's Motor Vehicle Act. The car or vehicle insurance plan provides economical support to the insured in the event of damages caused because of fire, explosion, accidents and so on. You can compare car insurance online also as it helps in saving money and time as well. There are many tools available in the online market that would help you in choosing the best vehicle insurance plan.
What A Car Insurance Plan Covers?
Basically car insurance is divided into two parts:
- Third Party Liability Coverage:Third Party Liability coverage is compulsory in India. It covers damages caused by you to the third party. This coverage does not include damage to the vehicle.
- Comprehensive Coverage:This coverage provides you the economical support in case of a damaged vehicle, theft, external damage, fire, natural calamities and damage in transit among others.
Things To Consider Before Buying Car Insurance Plan
It is common that we all are complaining about the growing cost of automobile insurance. So what should we do to lower our auto insurance costs? Just take a look at the following ways to reduce your auto insurance expenses.
- Safety Features:If your car has any safety feature like alarm, immobilizer then you can get a great discount.
- NCB:It is advisable that do not claim for minor damages, it would be better if you save your NCB (no claim bonus) for future requirements.
- Include Auto Insurance Charges Into Your Auto Purchase Price :- We should always check the insurance cost of the selected vehicle that we are going to buy before any commitment.
- Compare Auto Insurance Costs Online :- Insurers will try to convince you on different auto insurance policies that can cover a range of causes such as theft, damage, flashy or overall safety record, etc. It is obvious that higher risk results in the higher insurance premium. You should search for the insurers who are offering free quotes online. You can also get great discounts for the low-risk vehicle. Collect the relevant information from state or provincial insurance agencies before selection of any car.
- Get Quotes From Trustworthy Insurance Agency :- Once you have selected the desired model of car then the best way for getting the affordable auto insurance policy is to do research, collect information and compare quotes among others. You should collect information and quotes from different insurers that can assist you in getting the best insurance policy. Nowadays, there are many comparison sites which can perform all the legal works for you as well as can provide the best rates and policies among different plan like a standard plan, zero depreciation plan and many more.
The discounts are not the right solutions to auto insurance costs. If you do research and compare quotes, then you will surely get the best way to reduce your auto insurance costs.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
-----------------------------------------------
0 comments:
Post a Comment