Best Car Insurance, Bikes, 2-Wheeler Insurance Agent / Consultant in Kothrud – MustInsurance
Best Car Insurance, Bikes, 2-Wheeler Insurance Agent / Consultant in Kothrud
Best Car Insurance, Bikes, 2-Wheeler Insurance Agent / Consultant in Kothrud
All You Need to Know About Motor Insurance Policies
All You Need to Know About Motor Insurance Policies Motor Insurance-Overview Today, having your own vehicle and commuting using your own vehicle has become a necessity rather than a luxury. Short distance commute can be done easily by motorbikes and other two-wheelers whereas long-distance commute needs a four-wheeler. Travelling by a two-wheeler is advantageous in case of heavy traffic and it is also fun, especially for the younger generations; whereas commuting by a four-wheeler gives comfort. However, several risk factors are associated when you are commuting either by motorbike or by a car on the Indian roads. So, it is necessary to ensure the protection of your vehicle against any such risk factors and this can be feasible by vehicle insurance or motor insurance. Vehicle insurance or motor insurance is an agreement between the insurance provider and you for ensuring the protection of your vehicle in case of an unprecedented incident on the roads. Vehicle insurance is a mandate for all vehicles that are being used on the Indian roads. The main objective of vehicle insurance or motor insurance is to ensure the protection of your vehicle against any damage caused by natural or man-made calamities. With the recent amendments made to the Motor Vehicle Act, 2019 it has become […]
All You Need to Know About Tractor Insurance in India
All You Need to Know About Tractor Insurance in India India is an agriculture-oriented country where more than 70% of its land is under agriculture. Agriculture, therefore, is the primary source of livelihood for most of the population of India. Tractors are an important component of the agriculture process as they help farmers in the cultivation and harvesting process. That is why tractors are very popular and in-demand among farmers and land-owners who use their lands for cultivation purposes. If the tractor faces damage, the farmers face a considerable financial loss. This is why tractor insurance policies become necessary. Besides the need to cover financial loss, since tractors are a type of vehicle, they need a valid insurance policy on them due to the provisions of the Motor Vehicles Act. Tractor insurance policies are, therefore, compulsory for tractors. Tractor insurance policies are sold by many insurance companies. These policies fall under the commercial motor insurance policies and they offer coverage for farm or commercial tractors. What is tractor insurance? A tractor insurance policy is a commercial motor insurance policy which covers tractors against damages suffered. There is also a third party liability coverage wherein damages caused by tractors are also compensated by […]
Types of Car Insurance Plans
Types of Car Insurance Plans If you own a car in India, you would have to get your car covered under a car insurance policy. This rule has been made mandatory as per the Motor Vehicles Act, 1988. As per the Act, every vehicle, including a car, should have a valid insurance cover on it. If not, you, the owner would be held responsible for violating traffic rules and face heavy penalties. Given the necessity of a valid insurance cover, there are different types of car insurance policies available in the market. Let’s understand what these policies are – Types of car insurance based on the type of car There are two types of car insurance policies based on the type of car that is being insured – private car insurance policy or commercial vehicle policy. Private car insurance plan covers privately owned four-wheelers while commercial car insurance plans cover taxis and other commercially used cars. Types of car insurance based on coverage This is, perhaps, the most common and popular basis on which car insurance policies are differentiated. Based on the coverage offered, there are two types of car insurance plans – Third-party liability only plans Comprehensive plans Let’s […]
Insured Declared Value (IDV) – Details and Calculator (Car)
Insured Declared Value (IDV) – Details and Calculator (Car) Motor insurance is a compulsory requirement to ply your vehicle on Indian roads. When it comes to buying motor insurance plans, brochures and the policy-related document is often loaded with many insurance jargons which can make it confusing for you to understand. Insured Declared Value or IDV is one such jargon which needs to be understood properly to make the right and informed buying decision. So, what is insured declared value or IDV? Let’s understand as to what insured declared value or IDV means, how it is calculated and how IDV is going to impact your vehicle insurance policy. What is Insured Declared Value (IDV)? Insured Declared Value or IDV means the current market value of your vehicle. IDV represents the maximum sum insured fixed by the insurance company that will be payable during the total loss of vehicle during an accident or on the theft of the vehicle. IDV is calculated after factoring in the depreciation. Calculation of Insured Declared Value (IDV) Insured Declared Value (IDV) = Manufacturer’s listed selling price (excluding insurance and registration cost) – a depreciation of the vehicle Depreciation is deducted as per the schedule. Due to the depreciation factor, insured declared value (IDV) of the vehicle decreases […]
Commercial Vehicle Insurance – Compare and Buy Insurance Plans
Commercial Vehicle Insurance – Compare and Buy Insurance Plans Every vehicle plying on the Indian road needs to be mandatorily insured. If you are running a business, Insurance required is needed for commercial vehicles also such as passenger-carrying vehicles, goods carrying vehicles, miscellaneous vehicles such as Cranes, Trailers and tractors. It is important to have comprehensive coverage for commercial vehicles as road mishaps can result in heavy liability and make your business suffer. What is commercial vehicle insurance? Commercial vehicle insurance is a type of motor insurance policy that provides coverage against liabilities arising out of third-parties when involved in an accident, loss or damage to the insured vehicle against various man-made and natural calamities along with personal accident coverage to the owner and paid driver. This coverage is also referred to as commercial car insurance and commercial truck insurance as insurance is most commonly associated with company cars and goods carrying trucks. Why do you need commercial vehicle insurance? Commercial vehicles are an important part of many businesses. If you are running a business and using vehicles for business purposes, it’s important to insure them adequately. Following are the main reasons why you need to insure your commercial vehicle: In case your commercial vehicle is involved […]
A detailed guide to third party car insurance
A detailed guide to third party car insurance Traffic rules and guidelines are determined by the Motor Vehicles Act, 1988. The Act states the rules for all types of vehicles which run in India. One such rule of the Act is that every vehicle should have a third party insurance cover on it. Only if the vehicle has a valid insurance cover can it run on Indian roads? If you have a car you would also need a valid third party insurance cover on it. While many of you understand that the cover is necessary, do you understand the coverage benefits of third party insurance? If you don’t, here’s a detailed analysis of third party car insurance plans – What is a third party insurance policy? A third party insurance policy is a mandatory motor insurance policy which covers any type of third party losses which are caused by the car. The policy covers the losses and pays the financial liability which is suffered by the car’s owner. How does third party insurance work? Under a third party insurance policy, three parties are involved which are as follows – The first party which is the car’s owner who buys the plan Second-party is the insurance company which covers the […]
How to Check Vehicle Insurance Status Online?
How to Check Vehicle Insurance Status Online? Vehicle insurance which is also known as motor insurance is insurance for two-wheelers, cars and commercial vehicle. The main objective of these insurance plans is to provide protection against bodily injury and physical damage caused by the vehicle due to accidents and traffic collisions. Liabilities arising from bodily injury and damage caused to the third party is a compulsory coverage needed for every vehicle plying on Indian road as per the Motor Vehicle Act. Motor insurance plans come in comprehensive packages also which gives protection to the owner-driver and to the vehicle against man-made and natural calamities risk. Vehicle insurance status can be checked online in many ways. The motor insurance industry in India Currently, the Indian general insurance industry is growing rapidly. There are 33 general insurance companies operating in India. Motor insurance business contributes to a major percentage of over 50% to the growth of the general insurance industry. As insurance providers are coming up with customisable and personalised motor insurance plans, the industry is growing rapidly. As per the recent findings, the total gross premium of the motor insurance industry is expected to cross 17 billion $ mark by the […]
Buying new car insurance? Know the important factors
Buying new car insurance? Know the important factors If you have bought a new car your car dealer must have suggested a new car insurance policy with it too. Do you know why? A car insurance policy is mandatory to comply with the provisions of the Motor Vehicles Act, 1988. The Act states that every car which runs on Indian roads should have a valid car insurance policy attached to it. If you are found to be driving without a valid car insurance cover, you face legal penalties which might also lead to imprisonment. That is why when you buy a new car you often get the new car insurance policy bundled in the cost. Though a car insurance policy is mandatory, you should know the aspects of the cover so that you know exactly what you are covered for. Since you are buying a new car insurance policy, here’s a complete guide to understanding the policy – Types of new car insurance plans There are two types of car insurance plans which are available in the market which you can choose from. These are as follows – Third party liability plans are mandated by the Motor Vehicles Act while comprehensive plans are bought as per […]
A beginner’s guide to comprehensive car insurance
A beginner’s guide to comprehensive car insurance Indian traffic rules are governed by the Motor Vehicles Act which was passed in the year 1988. The Act lays down the rules which every vehicle should follow. One such rule prescribed by the Act is the requirement of a valid car insurance policy on every car which is running on Indian roads. The Act requires you to have a third party liability coverage which would protect the interests of other individuals if they suffer any loss due to your car. However, the third party cover does not cover the damages that your car might suffer. For such damages you would have to bear the repair costs yourself. But aren’t the repair costs too expensive? They are and so there is a comprehensive insurance policy for your car which covers the damages suffered by the car itself. Do you know what the policy is all about? What is comprehensive insurance meaning? A comprehensive car insurance policy is a policy which covers both third party liabilities as well as the damages which are suffered by the car itself. If the car is involved in an accident and gets damaged, a comprehensive insurance policy would […]
Third-Party Vs Comprehensive insurance: Which to opt for?
Third-Party Vs Comprehensive insurance: Which to opt for? Traffic rules and regulations are laid down in the Motor Vehicles Act, 1988. The Act specifies the rules for driving on Indian roads for all types of vehicles. One such rule specified by the Act is the requirement of a valid insurance policy on the vehicle. The Act states that if a vehicle is to be used on Indian roads, the vehicle should have valid insurance coverage. This coverage would protect the interests of third parties if the vehicle causes them any type of harm. Based on the directives of the Motor Vehicles Act, 1988, motor insurance policies are offered by general insurance companies. These policies fulfil the legal mandate of the Act and also help the vehicle owner deal with financial losses associated with the vehicle. Motor insurance policies come in two variants – third-party liability and comprehensive. Let’s understand these variants and the coverage that they offer: Third-party liability insurance A third-party liability policy covers any third party liability that you face in case of accidents involving your vehicle. These liabilities include the following – If any individual is killed due to your vehicle, you face a financial liability If […]
Best Car Insurance Companies in India (Updated List)
Best Car Insurance Companies in India (Updated List) Cars are no longer considered to be a luxury. Thanks to the lower-priced car models available in the market, almost everyone can afford a car in today’s times. The need for a comfortable commute has become important and so more and more individuals are investing in a car for themselves and their families. As the demand for cars is increasing, so is the demand for car insurance policies. The Motor Vehicles Act, 1988 has made it mandatory for car owners to have a valid car insurance policy. If you own a car you need to get it insured as per the provisions of the Motor Vehicles Act, 1988. Car insurance in India comes in two variants. These are as follows – Third-party liability policy This is the policy which the Act mandates. The policy covers the financial liability that you face in case you cause harm to another individual. The liabilities covered include the following – Liability suffered if an individual is killed by the car Liability suffered if an individual is physically hurt or injured by the car Liability suffered if an individual’s property is damaged by the car Comprehensive […]
Zero depreciation car insurance – Everything you need to know
Zero depreciation car insurance – Everything you need to know If you have a car and you wish to drive the car on Indian roads, you need to have a valid insurance cover on the car. The Motor Vehicles Act, 1988 mandates that every vehicle on Indian roads should have a valid insurance cover on it. Since car insurance is mandatory, you are required to invest in a policy for fulfilling the mandate. But don’t you want the best coverage for your beloved car? Buying a car and maintaining it requires quite a considerable amount of money and in case of damages you face heavy expenses to get the repairs done. That is why it is always advised that your car insurance policy should have a comprehensive cover. When you invest in a comprehensive plan, the policy pays for the repair costs which are incurred if your car faces any damage and you are spared from the financial burden. But did you know that in case of repairs, the insurance company pays only the depreciated value of the car’s parts? Depreciation is a reduction in the value of assets due to their use. In a car insurance policy, as the car is used, the […]
Ultimate guide to choose best car insurance policy in 2019
Ultimate guide to choose best car insurance policy in 2019 In India, car insurance is a mandatory requirement for all car owners, courtesy the Motor Vehicles Act passed in the year 1988. So, every proud car-owner in the country is also the owner of a car insurance policy. Though car insurance is mandatory, when it comes to buying or car insurance renewal, many car owners don’t know how to choose the best car insurance in India. The technical nature of the policy often confuses them. What about you? Do you know how to buy the best car insurance policy in India? If you don’t, no need to worry. Here are some pointers to keep in mind when buying car insurance. These are an ultimate guide to help you choose the most suitable and the best car insurance policy in 2019 – Choose the correct type of plan When you look for car insurance, you would find third party car insurance online as well as comprehensive plans. These are the two types of car insurance policies which are available in India. While third party plans cover only the financial liability you face in case of causing a loss to a third party, comprehensive plans also cover the […]
Cheap Car Insurance Plans in India – 2019
Cheap Car Insurance Plans in India – 2019 Car insurance policies are a must if you own a car. The Motor Vehicles Act, 1988 lays down the traffic rules which are to be followed by vehicles that run on Indian roads. One such rule imposed by the Act is the requirement of a valid car insurance policy. So, besides needing a driving license to drive, you also need a valid car insurance plan. Car insurance types There are two types of car insurance policies which are available in the market. These are as follows: Third-party policies which cover only the third party liabilities which you face if your car causes any third party damage. This damage includes physical and bodily injury to third parties as well as property damage. coverage is the mandatory coverage for cars as specified under the Motor Vehicles Act, 1988. Comprehensive policies which have two coverage benefits. They cover the mandatory third-party liability as well the damages suffered by the car itself. Most important 5 Benefits of car insurance policies Besides being a mandatory legal requirement, car insurance policies also give you the following benefits – If any individual dies in an accident involving your car, […]
Is it time to change your car insurance company?
Is it time to change your car insurance company? Car insurance policies are mandatory as per the rules laid down in the Motor Vehicles Act, 1988. Every car is supposed to carry a valid insurance cover on it to run on Indian roads. The policies come for a specified tenure. Once the tenure is over, the policy should be renewed for continuous coverage. At the time of renewal you have the option of continuing the same policy or switching car insurance to another insurer. You can switch your insurer and still continue to retain the accumulated no claim bonus of the earlier policy. Though switching car insurance is allowed, is it a wise move? Changing car insurance companies should be done with careful consideration. You should change companies when you find better alternatives elsewhere. When you are careful in choosing another company, you can get better benefits in another policy than those promised by your existing one. So, it is time to change your car insurance company if another company is offering you the following:- A higher IDV IDV is the Insured Declared Value of your car insurance plan. It represents the market value of your car after deducting depreciation based on the car’s age. […]
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Does listing at Local Directory cost effective versus listing at a national Directory?
National level Directory listing usually is quite costly for small to medium-sized businesses as the annual billing can start anywhere from Rs.10000 and above. The drawback of a national level directory is that the searcher many times cannot find very location specific search results as the results get influenced by businesses listed across multiple areas.
The Biggest Cost to Value benefit of listing your business on Kothrud.com is that at just Rs.3000 for 1st year and subsequent renewals at Rs.1000 per year, you get the following 12 Rich Features:
- 4 web pages of your Business, Products & Services description. This means, you don’t even need a dedicated website where you will spend large money to make it, then to get it into a search engine, domain renewal annual fees, hosting fees. Instead just list on Local Directory engines like ours where you get the same value. We also provide online store capability or payment collection facility for just 5% deduction.
- Top Banner picture of your Business on your listing page
- Up to 20 pics of your products/services
- Direction Guidance Button for customers to reach you Biz location
- Contact Form for businesses to reach you via email
- URLs / Links of your Website, facebook and other social media channels.
- Up to 2 Discount Coupon per year (you share us and we load it)
- Up to 2 Events per year (you share us and we load it)
- Your Biz Listing will appear in Google search engine page searches.
- Your Premium Business Listing details will be posted on our Local facebook pages (eg; facebook.com/kothruddotcom , www.facebook.com/pimplesaudagar.in )
- FREE Twitter integration. You keep your LISTING ACTIVE WITH YOUR LIVE TWEETS.
- Whatsapp share button (easy for you as a business to share your business offerings to prospects over WhatsApp)
Can small businesses profit from using online local directories?
Profit is an equation of Cost versus Revenue. At just Rs.3000 per year, you get the opportunity of being on a local search engine, appear in Google search results giving you FREE ORGANIC traffic, being part of Local Directory Android App (coming soon), a listing which is managed by Directory team and tuned to your best interest of capturing Google or Bing search traffic is certainly a LARGE VALUE FOR MONEY.
Why is it important that my business be listed in an online local directory?
According to a study conducted by Burke, 8 out of 10 shoppers will use an online directory to guide them in the direction of where to go for whatever product or service they are looking for.
Of that group, 8 out of 10 shoppers who used a directory to find what they needed will end up buying something now or in the future from the business they found within the directory.
This is why it’s so important to have your business listed in Kothrud online directory. If customers are already using online directories, they already have a need for your business or service. And if your business isn’t listed in an online directory, the chances are good that the competition will be, and customers will turn to them instead of you.
This is why it’s so important to be listed in online local directories – so customers can find you!
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