Important and most preferred insurance schemes in Tamil nadu
Tamil nadu health insurance scheme
Car insurance in Tamil nadu
Tamil nadu government health insurance scheme
Tamil nadu star health insurance scheme
Tamil nadu chief minister health insurance scheme
Tamil nadu government new health insurance scheme
Tamil nadu comprehensive health insurance scheme
Procedure for auto mobile insurance
The first step for taking auto mobile insurance is completion of proposal form
The proposal from for motor insurance is divided into three parts.
1. Identification of vehicles registration number – This is to identify the registered number, horse power, vehicle shape, size and model etc.
2. Risk information, past insurance details, types of the policy got previously, equipment, vehicle etc.
3 Declaration – the declaration of true and full statement of the questions is made at the end of the policy.
Rating the automobile insurance
The next step is the rating of the motor insurance. Since the motor insurance subject to tariff, the basic premium is determined by the tariff association. Additional premium is added to the basic premium on the basis of size, shape, and horse powder use, value of the automobile etc. the higher the risk the more will be the amount of the premium. Rebate in premium is allowed, if the insured has more than one car, is a member of automobile association, there was no loss in the previous year and the car was under the personal use and care of the owner.
Issue of policy
As soon the as the proposal form is accepted, cover note is issued. The cover note is a certificate of insurance although it cannot be used as a proof of insurance in the court of law. As soon as the policy is issued, the cover note cancelled.
Term of motor insurance policy
The motor insurance is issued, generally for on year. However, the policy can be issued for less than one year but the premium rate will be higher, means the premium rate is three fourth of annual premium of the policy issued for six months.
Additional Benefits Motor Insurance
During the currency of the policy on the payment of the extra premium, additional benefits can be added to the original insurance policy.
Change of Vehicle
The insured vehicle can be disposed of along with the policy. The term of policy will remain the same the policy will continue up to the unexpired period with the purchase of the car. Similarly, the insured can replace another car under the same policy.
Settlement of claim under motor vehicle insurance
As soon as the damage occurs, notice of that damage is given to the insurer. The evidence or eye witness of the damage should be placed with the insurer.
When the insurer is satisfied with the notice and the evidence, he issues a claim form, which is returned by the insurer after completing it in all respects.
Personal enquiry is also made by the insurer in connection with damage to property, defense prosecution etc.
Payment of claim
The insurer will pay the amount of liability only when the insured is legally liable for indemnification to third party in the context of settlement of claim, it may be noted that Jald Rahal Yojna that is pre litigation settlement has been introduced to help the claimants to get the payment of compensation formula also has been used for the settlement of claims
Whom to contact for Car insurance in Tamil nadu
Bajaj Allianz Insurance – online Insurance
Bharti AXA Car Insurance
I CICI™ Car Insurance
HDFC ERGO™ Car Insurance