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With car insurance becoming one of most basic requirements of car owners these days, a number of insurance providers are trying to be one step ahead of the game in this space. L&T, a known name in the general insurance space, provides car insurance plans that are an absolute delight for car owners in India. This company is known to provide a seamless experience with instant paperless renewals and quick claim settlements, thereby making it a chosen option by car owners in India.
Please Note: From August 23 2017, L&T General Insurance is HDFC ERGO General Insurance
L&T Private Car Insurance Policy is to insure your car. This policy by L&T General Insurance covers Own Damage car insurance and also, Third-party liability insurance, which helps car owner at the time when needed – in case of any accident or mishaps.
Types of Coverage
Own Damage : This policy cover any damage or loss to the owner’s car due to any of the following things:
Third Party or Liability : As this policy is mandatory by the Motor Vehicle Act 1988, it is provided by L&T Private Car Insurance Policy which covers any property damages to the third party, with maximum amount Rs. 7,50,000 and injury or death asper liability.
Personal Accident Cover :The Owner of the vehicle who drives the car is covered for an amount of Rs. 200,000 in case of accidental death and Permanent total disability on a premium of Rs. 100.
Non-Electrical Accessories Non-electrical accessories such as seat covers, alloy wheels can also be covered for loss or damage under this add-on cover.
Personal Accident Cover You have the option to purchase an additional personal accident cover for yourself and other passengers (upto maximum of 5). Each person can be covered for Rs 2,00,000
Paid Driver Cover Your paid driver is your employee and hence you are liable to pay for any injuries or damages he incurs while driving your car. To protect yourself against such liability you can obtain an additional cover for legal liabilities.
L&T General Insurance offers many attractive discounts that the policyholder can avail.
No-Claim Bonus: The no-claim bonus is a discount offered on the next year’s premium. If you make no claims throughout the year, you are benefitted with the huge discount on the next year’s premium. If for the first year you made no claims you are offered with 20% discount on the second year premium and so on. It keeps on increasing. The following table will provide the details.
|Car Insurance Companies||Cashless Garages Network|
|One claim-free year||
|Two consecutive claim-free years||
|Three consecutive claim-free years||
|Four consecutive claim-free years||
|Five consecutive claim-free years||
Voluntary discounts: This discount is offered if you decide to pay the minimum amount of money at the time of claim.
Other Discounts: L&T General Insurance offers other discounts provided you - a. Are a member of any recognized automobile association - b. Install an anti-theft device in your car
Required steps and supporting documents:
a. In case of Car Accident Claims
b. In case of Car Theft Claims
c. In case of Third Party Claims
Step-wise guide to claim:
Brand L&T is synonymous with quality service with reliable and quicker solutions. And now backed with HDFC Ergo, L&T Insurance still lives up to this vision. Backed with a strong network of cashless garages and prompt and unfailing customer service, L&T motor insurance should be on your list if you are looking for complete value for your money spent on premium.
Some of the well-known car manufacturers are:
Maruti Suzuki, Hyundai, Skoda, Toyota, Mercedes Benz, Ford, and Renault.