zero dep insurance is available for car above 5 years. Premium is slightly more. I have claim it for my 7 years old nano and i got all benefits of 0 dep insurance.
There are two types of covers when it comes to vehicle insurance policies in India - Third-party Liability and Own Damage Cover. The Own Damage component will help you if your vehicle incurs any damages due to accident under coverage perils. On the other hand, Third-party insurance is mandatory if you want to ride or drive your vehicle in India. Third-liability cover will compensate the third party if your insured vehicle causes any injuries to them or damage their property. There can be two types of liabilities here: Damage to the third-party property (including vehicle): The maximum claim payout in such cases is capped at Rs. 7.5 lakh. Injuries to the third party or loss of their life: There is no cap on the maximum claim payout, and it is decided by the Motor Accident Claim Tribunal (MACT) on a case-to-case basis.
Salvage value deduction:- There is no rule for salvage deduction in motor od insurance policy. It is the responsibility of the insurance company to indemnify the claim. However, the insurance company can settle the claim by adjusting the reasonable salvage value of available scrap. Because the responsibility of claim indemnification rests with the insurance company, therefore, it is the responsibility of the insurance company to provide this reasonable salvage value to the insured customer. If the insured customer wants to settle the claim by taking available salvage material himself or If he agrees to the reasonable salvage value deduction or he does not disagree with this reasonable salvage value deduction , then the insurance company can settle the claim by making salvage deduction.
Consumables:- The insurance policy contract is a contract of indemnity. There is no definition given for consumable parts in the insurance policy contract. Nowhere in the insurance policy contract is it written that the insurance policy covers only non-consumable parts and does not cover consumable parts. Such as door, bumper, bonnet, wiring harness, headlights, etc., nowhere in the insurance policy specifically written for their coverage.
Principle of indemnity:- """The object of the principle is to place the insured after a loss in the same financial position as far as possible, as he occupied immediately before the loss"""".
Knock for KnockAgreement- As per the Motor Vehicles Act, third-party insurance is a mandate for all motor vehicles in India. To claim third party car insurance, file the FIR at the nearby police station. Need to prove that the other party was at fault. The process could be tedious and time taking. Hence, a majority of people do not claim under the third-party insurance plan. The general insurance companies in India have to sign an agreement on an annual basis with each other. A knock-knock agreement in insurance is a type of agreement where the insurers agree to cover the costs for their respective clients rather than establishing blame on the other party. The claim is made against the policy's own damage cover/part, not against the third-party liability aspects. The Knock for Knock agreement is created by the General Insurance Council. The GIC was constituted by IRDAI in 2001 and represents all general insurance companies in India.
Meri gaadi may 5seat ki capacity lekin or 2chotte children bhi the gaadi may ek ki umar 8Y or dusre ki 13Y and meri gaadi ko piche se thoka to muze third party insurance milega
If I choose the lowest IDV and go for the RTI add-on, wouldn’t it still cover bumper to bumper and I would have to pay a really low premium! And I keep adding this add-on until the IDV reaches really that low. What am I missing here?
Meri car ka sbi se h insurance 3 sal ka 3rd party Ab dusri company se 0 dep vala insurance krne se 3rd party insurance se koi dikkat to nahi hogi claim ke time
Zero dept insurance hai bike ka abhi 10 months remaining h. But mai apni bike ko sell kr raha hu or dusri bike purchase kr rha hu to kya ye zero dept insurance transfer krwa skta hu? Iffco tokio se h insurance or 3rd party insurance icici Lombard se h.
Bhai bahut achcha sab Bata rahe ho aap aur aur aap ek kya kahate Hain iska Jo Bima karte hain yah log mutual fund karte hain uska bhi aap bata dijiye usmein froad karte
mujhe bhi wahi laga.. but RTI ka matlab IDV hi hain.. gari jab lia tha tab ki invoice ki baat nehi ho rahi... jitna IDV set karoge utna hi milega chori hone se bhi
@@Hfjfjgjvbvbvbbb Fully insured Good Zero Depression Ye Bhi Bahut achha Hai And Kuch Aur Add On karna Chahte Ho Aap? Mere Aak Dost Hai Policy Ghar Ke Tata AIG Me Hai Batao To M Apko uska Aak Number De deta Hu Wo Bahut achhe Se Explain Kr Dega Aur Best 3 3 Company Puchh Lena Kyuki Bad Me Bahut Company Dikkat Kr Deti Hai
Bhai Zero Dept Achha Hai But 5year Tk milta Hai Agar apko Kuch Aur Janana Hai To Mere aak Frnd Tata AIG me Hai Number De Deta Hu Wo best 3 Apko Bta Dega?
Sir apka koi jawab nhi
video bahut jyada pasad aaya
This is the best video on TH-cam car 🚗 insurance
I have no words to thank u .....God bless u keep it up ,,u r doing tremendous job....
Bahut khubsurti se smjhya he sir mazaa aa gya great 👍
Terms and points are very well explained. Thank you for the video. 🙏
खुप छान माहिती दिली भैय्या धन्यवाद ❤
Don't have words to explain the pleasure of your efforts Best of luck sir❤
Thank u you explain in very lay man language.
Thankyou so much .. mai 3rd party lene wali thi .
Shandaar video....all points covered...❤❤
Now i have good knowledge about car insurance ... Nice explanation ♥️
Best way and simplest way you have explained.
Very very useful message. Great job.
Very Good & informative video brother
Thanks for these all informations
Very informative 👍
zero dep insurance is available for car above 5 years. Premium is slightly more. I have claim it for my 7 years old nano and i got all benefits of 0 dep insurance.
Crisp and clear. Badhiya.
Thanks bhai bohot ache se explain kiya aap ne
There are two types of covers when it comes to vehicle insurance policies in India - Third-party Liability and Own Damage Cover.
The Own Damage component will help you if your vehicle incurs any damages due to accident under coverage perils.
On the other hand, Third-party insurance is mandatory if you want to ride or drive your vehicle in India. Third-liability cover will compensate the third party if your insured vehicle causes any injuries to them or damage their property.
There can be two types of liabilities here:
Damage to the third-party property (including vehicle): The maximum claim payout in such cases is capped at Rs. 7.5 lakh.
Injuries to the third party or loss of their life: There is no cap on the maximum claim payout, and it is decided by the Motor Accident Claim Tribunal (MACT) on a case-to-case basis.
What an amazing Video you have uploaded on ur channel. Very very informative video thanks for upload this video.❤❤
Salvage value deduction:-
There is no rule for salvage deduction in motor od insurance policy. It is the responsibility of the insurance company to indemnify the claim. However, the insurance company can settle the claim by adjusting the reasonable salvage value of available scrap. Because the responsibility of claim indemnification rests with the insurance company, therefore, it is the responsibility of the insurance company to provide this reasonable salvage value to the insured customer.
If the insured customer wants to settle the claim by taking available salvage material himself or If he agrees to the reasonable salvage value deduction or he does not disagree with this reasonable salvage value deduction , then the insurance company can settle the claim by making salvage deduction.
Consumables:-
The insurance policy contract is a contract of indemnity. There is no definition given for consumable parts in the insurance policy contract. Nowhere in the insurance policy contract is it written that the insurance policy covers only non-consumable parts and does not cover consumable parts. Such as door, bumper, bonnet, wiring harness, headlights, etc., nowhere in the insurance policy specifically written for their coverage.
thank you sir for the grate information it will help us in future
Good knowledge sir. ... thank you
Principle of indemnity:-
"""The object of the principle is to place the insured after a loss in the same financial position as far as possible, as he occupied immediately before the loss"""".
?
Very well explained bro... thanks.
Awesome video on car insurance ❤❤
Sir ji yeh gaadi ka invoice mtlb ex showroom price ya on road price ?
I need this video ,thanks bhai
Ncb minimum 20% milta he if claim nhi liya ho to.. Predefined ncb slab be.. 20-25-35-45-50
Discount kis amount mai milta h NCB ka ??
Best explanation on car insurance sir…well done..keep it up❤
very informative video, lage rahe sir
Video Starts at 2:10
Very knowledgeable 🙏
Bohot hi shandar ❤❤❤❤❤❤❤❤❤ 💯💯💯👍🏻
Good video. Please make a detailed video on 2 wheeler/ Bike Insurance and Bike Loan. Best bank. Etc
Thank you
Love from Kolkata
Really informative and to the point 💯 keep up the good work 🙌🏻
Very informative video.
Excellent information share brother
Knock for KnockAgreement-
As per the Motor Vehicles Act, third-party insurance is a mandate for all motor vehicles in India. To claim third party car insurance, file the FIR at the nearby police station. Need to prove that the other party was at fault. The process could be tedious and time taking. Hence, a majority of people do not claim under the third-party insurance plan.
The general insurance companies in India have to sign an agreement on an annual basis with each other.
A knock-knock agreement in insurance is a type of agreement where the insurers agree to cover the costs for their respective clients rather than establishing blame on the other party. The claim is made against the policy's own damage cover/part, not against the third-party liability aspects.
The Knock for Knock agreement is created by the General Insurance Council. The GIC was constituted by IRDAI in 2001 and represents all general insurance companies in India.
Best information👌
Great video! :)
Humare car 🚘 ka Ensyorence bhi huaa... Kist bhi jama ke uske bavjood bhi 😮
Meri gaadi may 5seat ki capacity lekin or 2chotte children bhi the gaadi may ek ki umar 8Y or dusre ki 13Y and meri gaadi ko piche se thoka to muze third party insurance milega
Glass na pan pura j made bhai normal insurance hoi to pan other na 50 par.
6 year old car pr I st parti insurance milega ki nahi
22gHor lambi videos es insurance policy par khul ke pori details me btaye ❤😊
Bhai agr gaadi khtm hogyi pr return to invoice ni hai just first party insurance h toh kya hoga?
Sir ek insurance paper me kya kya likha hai pura details ke saath explain kijiyega plz. Sir ek vedio banaye
If I choose the lowest IDV and go for the RTI add-on, wouldn’t it still cover bumper to bumper and I would have to pay a really low premium!
And I keep adding this add-on until the IDV reaches really that low.
What am I missing here?
perfect informative viedio
Very well explain sir
❤❤❤❤best video
third party insurance hai first party expire ho gaya hai to fine aayegi kya?
Right on point.thankss
Meri car ka sbi se h insurance 3 sal ka 3rd party
Ab dusri company se 0 dep vala insurance krne se 3rd party insurance se koi dikkat to nahi hogi claim ke time
Bajaj card pe mobile insurance karvane ke baad kya insurance band krva sakte hai
Limited knowledge
Various Dealers are providing zero depreciation more than years.
Bhai 2nd hand car ka insurance m ky ky mil sakta agar car 7 saal purna h to
Car warranty mai hai to engine protection fr bhi kyo lena chaye??
Very informative video
Good information ❤
Please make dadicated videos on indie account by IndusInd bank and Jana small finance bank account opening and info
Zero dept insurance hai bike ka abhi 10 months remaining h.
But mai apni bike ko sell kr raha hu or dusri bike purchase kr rha hu to kya ye zero dept insurance transfer krwa skta hu? Iffco tokio se h insurance or 3rd party insurance icici Lombard se h.
can IDFC first wow credit card can be upgraded to higher card of IDFC bank without hard inquiry?
Bhai bahut achcha sab Bata rahe ho aap aur aur aap ek kya kahate Hain iska Jo Bima karte hain yah log mutual fund karte hain uska bhi aap bata dijiye usmein froad karte
Return to Invoice mein IDV full milta hai ya full cost price of the car?
Second hand car ke insurance ke bareme video banaiye bhai
Second hand car insurance karna Hoto msg Kare sir
Sir mere pas 0 depth insurance hai lekin 3rd party nhi hai to claim hoga ya nhi
Sir Pehle Sal humne Claim Liya ho toh Dusre Sal Kitna Percent Fayda Milega Humko
On line insurance hum jab karte hai .tu NCB kaise kare.meri car ko 14 years huve hai abhi tak koi claim nahi kiya.
Great information
Informative video
Return to invoice amount agar IDV se jyada hoga toh invoice amount provide krega ins company..?
mujhe bhi wahi laga.. but RTI ka matlab IDV hi hain.. gari jab lia tha tab ki invoice ki baat nehi ho rahi... jitna IDV set karoge utna hi milega chori hone se bhi
❤❤thank you
Hello sir Third party car insurance lene ke baad , next year comprehensive me upgrade kar sakta hu kya ??
20 बरस हो गया गाडी को पुरानी लियी पाचहजार बोल रहे है जी यस टी एड करके ठिक है क्या ज्यादा तो नही
Bhai ji aap batao 1st party or 3rd party dono leni padegi kya
Ya only 1st part me kaam chal jayega
Bhai aap comprehensive insurance le lo n isme insurance company dono ko cover karegi aapki khud ki bhi aur third party ki bhi
kya hm new car pe no claim bonus le sakte hai
Thanks very much
Kya fake loan ciwil scor kharab kar skta hai? Please answer
Thanku sir ji.
Superb
Third party meim key replacement ata hai kya
NayA gari ka insurance kaha se karna thik rahega?
How to fill up claim form?
Agr insurance ke pese hum kud rakhe to hame koy klim Karne ki bhi jarur nahi.
yani Jin peso se insurance Kare wo pese hum kud na rakhe
Good 👍
Mai insurance agent hun jaise bhi insurance krwa na h please message
Hlo sir
Number bhejo
😂
Sir donu gadi walu ko 3rd party insurance hoga
10 sal puran bolero ka first party ka insurance hota hai ki nahi? Please reply me
Hota h sir
Msg Kare
Gabaj explain kiya bhai apne...
Thanks❤
5 sal bad 0 Depth insurance lena ho to kuch rasta bataiye
Frist party kab tak le sakte h
Thx ❤
3rd party insurance le to usme 1st party insurance aa jata h ya usko alag se lena padta h
Apko Chahiye Kaun Sa?
@@debates2.0 fully insured zero depression
@@Hfjfjgjvbvbvbbb Fully insured Good Zero Depression Ye Bhi Bahut achha Hai And Kuch Aur Add On karna Chahte Ho Aap? Mere Aak Dost Hai Policy Ghar Ke Tata AIG Me Hai Batao To M Apko uska Aak Number De deta Hu Wo Bahut achhe Se Explain Kr Dega Aur Best 3 3 Company Puchh Lena Kyuki Bad Me Bahut Company Dikkat Kr Deti Hai
Bhai Zero Dept Achha Hai But 5year Tk milta Hai Agar apko Kuch Aur Janana Hai To Mere aak Frnd Tata AIG me Hai Number De Deta Hu Wo best 3 Apko Bta Dega?
Very nice
Informative
Zero dep wala insurance ho aur agar gadi. Thuki nahi par kuch ho jaaye to service milegi
Please make video on axis bank neo credit card... only 7 days left for lifetime free offer