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Long-Term Car Insurance

Name: Long Term Car Insurance
Brand: IndusInd General Insurance
Rating: 4.9 (310 reviews)

Every year, car owners must renew their insurance - filling forms, paying premiums, and updating documents. Long-term car insurance removes this yearly task by covering your vehicle for multiple years at once.

Having car insurance is important for two reasons. First, it protects you from paying huge costs if your car gets damaged or stolen. Second, Indian law requires all vehicles to have insurance. If you drive without it, you might face penalties and other legal complications.

Regular insurance policies last only one year. You must remember to renew them every year, or your car will lose protection. A long-term motor insurance policy solves this problem by covering your car for upto 3 years.

Long-term car insurance costs are usually lower than buying yearly policies. When you choose longer coverage, insurance companies offer better rates. This means you save money while keeping your car protected.

Why 8 Crore+ Policyholders Trust Us?

IndusInd General Insurance (formerly Reliance General Insurance) offers simple long-term motor insurance plans. You can choose coverage for your own car damages, damages you cause to others, or both types together, based on what you need.

Easy to Buy, Renew & Claim*

All possible via IndusInd Insurance app

Up to 3 Years Coverage*

Get long-term coverage

Video Claims Feature*

File claims via the app

24/7 Customer Assistance*

Get support from anywhere in India

What is Long-Term Car Insurance & How Does it Work?

A long-term car insurance policy, also known as a multi-year car insurance plan, offers extensive coverage for your car for longer periods.

Standard 1-year car insurance plans offer an annual renewal facility. In contrast, a long-term motor insurance policy provides continuous coverage for your vehicle for multiple years, between 3-year car insurance and 5-year plans, for convenient car protection.

Thus, with a long-term car plan or vehicle insurance for 3 years or 5 years, you reduce the risk of losing insurance coverage in times of need due to delayed policy renewals. Moreover, you avoid the hassle of annual renewals.

How Does Long-Term Car Insurance Work?

Choose a Plan

Assess and select a car insurance long-term policy, depending on the number of years for which you want continuous coverage for your car.

Pay the Premium

You pay the entire 5-or 3-year car insurance policy price upfront at the time of purchase.

Benefit from Continuous Coverage

The policy covers your car against unforeseen circumstances included in your policy. This can include either a 3-year third-party coverage or a 3-year own damage plus third-party coverage based on the individual preferences of car owners.

Raise Claims

In case of accidental damage or loss to your car, you can raise claims to receive financial support.

Get Claim Settlement

Get claim approval and benefit from necessary financial protection to cover repair and replacement costs. You can file a cashless claim for direct settlement between the insurer and the authorised garage or a reimbursement claim to have the expenses reimbursed to your bank account.

IndusInd General Long-Term Car Insurance Policy

IndusInd Private Car Package Policy - 3 years: With this plan, you get comprehensive coverage for your car. This includes coverage for your own damage and extensive coverage for third-party liabilities.

IndusInd Private Car Policy - Bundled: With this plan, you get 1-year coverage for own damage along with 3-year coverage for third-party liabilities.

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IndusInd Private Car Policy - Standalone Own Damage Car Insurance: With this plan, you get coverage for all damages incurred by your car due to accidents, natural or man-made disasters, fires, etc.

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Third-Party Car Insurance - 3 years: With this plan, you can enjoy continuous third-party coverage for damages incurred by third parties or properties for 3 years without any hassle of annual renewal.

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Key Features of IndusInd Long-Term Car Insurance

Features	Details
Hassle-Free Processes	Our user-friendly website allows you to purchase, renew, and file claim requests in under 2 minutes for a hassle-free and convenient experience.
Customisation Flexibility	You can customise your 3 or 5-year insurance for car plan with a wide range of add-ons to increase coverage for specific needs.
Network Garages	Our wide network of 11,000+ garages ensures quality repair work and hassle-free cashless claims.
Personal Accident Cover	Benefit from a cover of up to ₹15 lakhs for injuries, death or disabilities.
No Claim Bonus	Get up to 50% NCB discount for every consecutive claim-free year.
Discounts	Enjoy discounts of up to 80% by buying your long-term car insurance plans online.
IndusInd Insurance App	Download our mobile app to enjoy hassle-free and convenient policy-related requirements.
Customer Support	Our 24/7 customer support service ensures instant query resolution.

IndusInd General Long-Term Car Insurance - Inclusion & Exclusion

What's Covered?

Accidental damage due to collision or other uncontrollable situations.

Damages caused by natural disasters such as cyclones, floods, earthquakes, hailstorms, hurricanes, typhoons and lightning.

Damages due to man-made disasters such as terrorism, riots, strikes, malicious acts, etc.

Loss due to theft or vandalism.

Damages due to fire and explosions.

Damages or losses caused to third parties or their properties.

Damages incurred during transit from road, air, or rail

What's Not Covered?

Damages incurred due to negligent driving.

Damages incurred due to drinking and driving.

Damages incurred when driving without the mandatory personal and car documents.

General wear and tear of your car.

Previous damages.

Electrical and mechanical breakdowns of the car.

Any damage or loss due to the car value’s depreciation.

Damages or losses incurred when using your private car for commercial purposes.

Damages due to nuclear attacks or wars.

Disclaimer: For the complete list of Inclusions and Exclusions, please refer to the policy wording here

How to Choose the Right Long-Term Car Insurance Plan?

Assess your Coverage Needs and Budget

To find the most appropriate long-term car insurance policy for your vehicle, you must first assess your coverage needs and decide on a budget. This assessment is crucial to avoid paying for unnecessary coverage or overspending on premiums for long-term car insurance

Compare Different Plans

Once you understand the type of coverage you need and your budget, you must compare different car insurance long-term plans. This should be based on premiums and inclusions to determine which plan meets your requirements and fits within your budget.

Review Policy Inclusions and Exclusions

You must also carefully review the various policy inclusions and exclusions to check whether what you require is covered in the plan of your choice. This will also help with effective claim settlements and reduce the risk of claim rejections for uncovered situations.

Read Policy Wording

You need to read the policy document thoroughly to assess the various terms and conditions applicable to different types of claims. This will ensure you are well-prepared during emergencies and can access the necessary financial support in times of need.

Check Insurer’s Claim Settlement Ratio

Along with the choice of the right policy, you must also check an insurer’s claim settlement ratio. The higher the claim settlement ratio, the quicker and more efficient claim settlements will be.

Review Online Convenience

Check for the availability of online processes for policy purchases, renewing long-term car insurance, comparisons and claim requests with the insurer of your choice. This is crucial as it reduces the hassle of physical documentation and other time-consuming efforts in times of need.

Assess Available Customer Support

Another important aspect to consider is the availability of customer support with the chosen insurer. Having 24/7 customer support ensures all your doubts and queries related to a long-term motor insurance plan are resolved instantly.

How to Buy Long-Term Car Insurance Online?

Visit our Website

Select Explore Products > Click on “Long-Term Car Insurance

Enter Details

The list of information includes your name, email address and mobile number.

Click Submit

To send your application click Submit

Expert Support

Our representative will contact you to offer various long-term insurance plans available for your vehicle.

Looking for Affordable Car Insurance Options?

Speak to Our Insurance Experts

Call Us

Homepage Curated Plans Client Extension

Factors Affecting Multi-Year Car Insurance Premiums

Make and Model of Vehicle

The make and model of your car directly impact the multi-year car insurance premium. Premiums are higher for high-performance or luxury cars as they attract higher repair and maintenance costs compared to lower variants of the same car.

Age of the Driver

Some insurers also consider the age of the car owner or driver when calculating premiums. Young drivers under 25 are often considered a risk due to their lack of driving experience, resulting in higher premiums. On the other hand, older drivers with more experience can benefit from lower premiums.

Add-Ons

The type and number of add-ons you combine with your multi-year car insurance plan impact your premium. Every add-on increases the premium value, as the base coverage is customised for increased financial protection. financial protection.

Claim History

Your claim history also impacts the premiums. A history of numerous claims for your car can result in higher premiums. On the other hand, claim-free years can increase your No Claim Bonus benefit and result in lower premiums for your plan at the time of renewal.

Age of Vehicle

The age of your car also affects your multi-year car insurance policy premium. For older cars, given their lower market value, the premium tends to be lower, whereas for new cars, the market value is higher, resulting in higher premiums.

Driver’s History

Your driving record can increase or decrease your insurance premiums. A clean driving record attracts lower premiums, whereas a driving record with multiple traffic violations and accidents results in higher premiums due to the risk profile.

Deductibles

Deductibles refer to the out-of-pocket expenses you incur before the insurance claim kicks in during emergencies. A higher deductible results in lower premiums and vice versa. However, be careful when choosing a deductible amount to avoid getting burdened with hefty upfront expenses.

Insured Declared Value

The insured declared value (IDV) of your car also has a direct impact on your long-term car insurance premium. If you choose a higher IDV, you will be charged a higher premium and vice versa.

Tips to Reduce Multi-Year Car Insurance Premiums

Practise safe driving, as a clean driving record attracts lower premiums and a higher chance of additional discounts.
Carefully choose a deductible amount, keeping in mind the potential upfront expenses you can manage on your own before the insurance claim money kicks in. Opting for a higher deductible will directly lower your premiums.
Install anti-theft and other safety devices in your car. This will significantly reduce the risk of theft and make your car safer for insurance companies, resulting in lower premiums.
Compare different long-term car insurance plans and premiums before making the final choice.
Be careful when selecting and combining add-ons with your base insurance plan to avoid paying for unnecessary coverage.

How to File Claims for Long-Term Car Insurance?

Steps to raise a claim

Step 1

Inform us regarding the incident within 24 hours of its occurrence by either calling +91-22-4890-3008 or downloading our IndusInd Insurance Insurance App on your mobile number.

Step 2

File a First Information Report (FIR) in case of a car accident or theft. In addition, collect all the other supporting documents to submit as proof of damages to us.

Step 3

Submit the long-term motor insurance claim form and other documents to us for evaluation. We will then send our surveyor to assess the damages to your car.

Step 4

We will verify your claim form and documents to decide on your claim request.

Step 5

If your claim is approved, you can either have the necessary claim settlement amount sent to your bank account or avail of a cashless claim, in which we settle the repair bills directly with the network garage on your behalf.

Long-Term vs. Short-Term Car Insurance - Which is Better?

Parameters	Long-Term	Short-Term
Policy Duration	The standard duration for a car insurance long-term plan is between 3 to 5 years.	The standard duration for a short-term car insurance plan is one year.
Premiums	Lower premiums are due to a longer commitment with the insurance provider.	The car insurance 1-year price can be higher or lower based on the type of coverage you choose. However, you can avail yourself of various discounts when you renew your policy.
Policy Flexibility	Limited flexibility as policy cannot be customised before the renewal date.	Ample flexibility to customise your plan as yearly renewals.
Policy Flexibility	Continuous coverage for longer durations without the hassle of annual renewals.	Coverage is limited to 1 year only.
Premium Payment	You only need to pay once at the time of policy renewal after 3-5 years.	Requires yearly payments to benefit from coverage for your car.
Premium Payment	This plan cannot be customised before the renewal, which indicates inconvenience for car owners who plan to change their coverage or vehicle.	Failure to renew on time annually can result in loss of coverage and the No-Claim Bonus benefit.

Key Takeaways

Car insurance protects you from paying large amounts when accidents happen, your car gets stolen, or natural disasters strike. It also covers all costs if you damage someone else's property or hurt someone in an accident. Without insurance, these expenses come directly from your pocket and can drain your savings.

IndusInd General Insurance (formerly Reliance General Insurance) makes protecting your car simple and affordable. They have 11,000+ garages across India where you can get cashless repairs. Their long-term car insurance cost is reasonable, and you get discounts up to 50% if you don't make claims. You can add extra covers based on your needs.

Everything happens online - buying insurance, renewing it, or making claims takes just minutes. Their support team is available 24/7 to answer your questions. Choose 3-year or 5-year plans and stop worrying about yearly renewals.

Get long-term motor insurance policy from IndusInd General Insurance today. Visit their website now to compare different plans and see prices for your car instantly.

Author - Amount Health Insurance

IndusInd General Insurance

Aapke Protection ka All-rounder

IndusInd General Insurance is one of the leading general insurance companies in India. The Company offers a well-rounded and comprehensive bouquet of products including Motor Insurance, Health Insurance, and Travel Insurance, and offers customised solutions to meet the protection needs of each customer.

Car insurance starting at just ₹308 per month*!

Get tailored protection with us!

Get all-around protection for your car with us! We also settle claims cashlessly when you opt for repairs at any of our 11,000+ network garages.

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Voices of Trust

Stories shared by our happy customers!

Total Average Rating

Based on ratings

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4.8 ★ ★ ★ ★ ★ (2105)

Roshan Jha

Meerut

Seamless digital experience

Quick and easy! The policy details were clearly mentioned, making it simple to choose the right one.

Suman

Noida

Limited policy options

A fair and simple process. The Car insurance covers the basics well.

Aniket

Chirawa

Value for money

The best insurance experience I've had! Simple, affordable, and reliable. Highly satisfied with my Car policy.

Balasaheb Babu Rao Deosarkar

Yavatmal

4.5

Seamless digital experience

My experience of getting my car insurance was easy and straightforward. I am satisfied with the policy and don't see a need for extras.

Abdul Bawani

Yavatmal

Quick policy issuance

Purchcasing my Car felt effortless and user-friendly. I am satisfied with the main policy and don't see a need for extras.

Debashish Sen

West Tripura

Quick policy issuance

The journey of purchasing Car insurance felt effortless and user-friendly. I am satisfied with the main policy and don't see a need for extras.

Rupak Das

West Tripura

Quick policy issuance

From start to finish, the process of getting my Car insurance from Reliance (now IndusInd) was convenient. It met my requirements well and felt tailored to my needs. Currently, I don't think I require any additional plans or add-ons. I found the entire process trustworthy and efficient.

Prasen Jitpal

West Midnapore

Quick policy issuance

I recently purchased my Car insurance and found the experience very smooth. It met my requirements well and felt tailored to my needs.

Sankuratri Venkata Bulli Rani

West Godavari

Quick policy issuance

The journey of purchasing Car insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. The plan offered exactly the type of coverage I was expecting. No complementary product was necessary for me at this stage. I found the entire process trustworthy and efficient.

Manthenaravi Teja Varma

West Godavari

Quick policy issuance

Buying a Car policy through the platform of Reliance General Insurance (now IndusInd General Insurance) was straightforward and quick. The plan offered exactly the type of coverage I was expecting. Currently, I don't think I require any additional plans or add-ons. I'm happy with how everything went and feel secure with my policy.

Karem Raja Rao

West Godavari

Quick policy issuance

The journey of purchasing Car insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. I felt that my protection needs were well addressed with this policy. I am satisfied with the main policy and don't see a need for extras.

Nekkalapu Vijaya Lakshmi

West Godavari

Quick policy issuance

The journey of purchasing Car insurance from Reliance Insurance (now IndusInd Insurance) felt effortless and user-friendly. I felt that my protection needs were well addressed with this policy. Currently, I don't think I require any additional plans or add-ons. I found the entire process trustworthy and efficient.

Gunnampurna Chandrasekhar

West Godavari

Quick policy issuance

From start to finish, the process of getting my Car insurance from Reliance General Insurance (now IndusInd General Insurance) was convenient. I felt that my protection needs were well addressed with this policy. I did not feel the need for any other products at this time.

Vendrabala Nageswara Rao

West Godavari

Quick policy issuance

I had a positive overall experience while applying for Car insurance from Reliance (now IndusInd) . It met my requirements well and felt tailored to my needs. I did not feel the need for any other products at this time. I found the entire process trustworthy and efficient.

Balla Leela Naga Surya Kumari

West Godavari

Quick policy issuance

From start to finish, the process of getting my Car insurance from Reliance General Insurance (now IndusInd General Insurance) was convenient. The plan offered exactly the type of coverage I was expecting. I am satisfied with the main policy and don't see a need for extras. I found the entire process trustworthy and efficient.

Narendra Kumardevaneni

West Godavari

Quick policy issuance

I was impressed by the overall Reliance Insurance (now IndusInd Insurance) experience. The platform was intuitive, and the coverage felt like a perfect fit. No complementary product was necessary for me at this stage. I found the entire process trustworthy and efficient.

Sobhit Gupta

New Delhi

Quick policy issuance

I recently purchased my Car insurance and found the experience very smooth. The plan offered exactly the type of coverage I was expecting.

Ritesh Gupta

New Delhi

Quick policy issuance

I had a positive overall experience while applying for Car insurance with Reliance General Insurance (now IndusInd General Insurance) . I felt that my protection needs were well addressed with this policy. I did not feel the need for any other products at this time. The convenience and clarity made this a good experience.

Nishida Noonhampurath

Wayanad

Quick policy issuance

The journey of purchasing car insurance felt effortless and user-friendly. The plan offered exactly the type of coverage I was expecting.

Sushil Madhukar Raosapkal

Washim

Quick policy issuance

Buying a Car policy through the platform of Reliance General Insurance (now IndusInd General Insurance) was straightforward and quick. The coverage provided matches my expectations and feels comprehensive. No additional coverage seemed required for my needs. I'm happy with how everything went and feel secure with my policy.

Gaddam Keerthi

Warangal

Quick policy issuance

I recently purchased my Car insurance from Reliance (now IndusInd) and found the experience very smooth. It met my requirements well and felt tailored to my needs. Currently, I don't think I require any additional plans or add-ons. The process felt reliable and I would recommend it to others.

Nagamandla Rama Devi

Warangal

Quick policy issuance

Buying a car policy through the platform was straightforward and quick. The coverage provided matches my expectations and feels comprehensive.

Nadipellimadhava Rao

Warangal

Quick policy issuance

The journey of purchasing car insurance from Reliance (now IndusInd) felt effortless and user-friendly. I felt that my protection needs were well addressed with this policy. Currently, I don't think I require any additional plans or add-ons.

Sayyedja Lalahamed

Warangal

Quick policy issuance

The journey of purchasing Car insurance felt effortless and user-friendly. It aligns well with what I needed from an insurance policy.

Jaya Krishna Madupu

Warangal

Seamless digital experience

The journey of purchasing Car insurance felt effortless and user-friendly. The product details, coverage and offerings do not match my needs currently.

Thanneeru Srinivas

Warangal

Quick policy issuance

I had a positive overall experience while applying for Car insurance. It aligns well with what I needed from an insurance policy.

Harikrishna Kavati

Warangal

Quick policy issuance

Buying a Car policy through the platform of Reliance Insurance (now IndusInd Insurance) was straightforward and quick. The coverage provided matches my expectations and feels comprehensive. Overall, it was a seamless experience and I am satisfied.

Asra Parveen

Warangal

Quick policy issuance

From start to finish, the process of getting my Car insurance from Reliance (now IndusInd) was convenient. The plan offered exactly the type of coverage I was expecting. I am satisfied with the main policy and don't see a need for extras. I'm happy with how everything went and feel secure with my policy.

Veldandi Satish

Warangal

Quick policy issuance

The journey of purchasing Car insurance from Reliance General Insurance (now IndusInd General Insurance) felt effortless and user-friendly. The coverage provided matches my expectations and feels comprehensive. The process felt reliable and I would recommend it to others.

Mugala Manohar

Warangal

Quick policy issuance

From start to finish, the process of getting my Car insurance from Reliance Insurance Company (now IndusInd Insurance Company) was convenient. It met my requirements well and felt tailored to my needs. No complementary product was necessary for me at this stage. The process felt reliable and I would recommend it to others.

Mutika Raju

Warangal

Quick policy issuance

Buying a Car policy through the platform was straightforward and quick. I felt that my protection needs were well addressed with this policy.

Kotte Siromani

Warangal

Quick policy issuance

I recently purchased my Car insurance from Reliance (now IndusInd) and found the experience very smooth. It met my requirements well and felt tailored to my needs. While digital is fine, having a physical document would add assurance. Overall, it was a seamless experience and I am satisfied.

Pasunoori Prashanth

Warangal

Quick policy issuance

I recently purchased my Car insurance and found the experience very smooth. The coverage provided matches my expectations and feels comprehensive.

Nagelli Rahul

Warangal

Quick policy issuance

Buying a car policy through the platform was straightforward and quick. It aligns well with what I needed from an insurance policy.

Ananthula Umamaheshwar

Warangal

Quick policy issuance

From start to finish, the process of getting my Car insurance was convenient. It met my requirements well and felt tailored to my needs. I am satisfied with the main policy and don't see a need for extras. Overall, it was a seamless Reliance Insurance (now IndusInd Insurance) experience and I am satisfied.

Sujatha Chittem

Warangal

Quick policy issuance

The journey of purchasing Car insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. It met my requirements well and felt tailored to my needs. The process felt reliable and I would recommend it to others.

Nimmala Saideepak

Warangal

Value for money

I recently purchased my Car insurance and found the experience to be fine.

M Sainivas

Wanaparthy

Quick policy issuance

The car insurance process was efficient and well-supported. I felt like I was making a smart, informed choice.

Nagireddi Madhukishor

Vizianagaram

Quick policy issuance

I had a positive overall Reliance (now IndusInd) experience while applying for Car insurance. The plan offered exactly the type of coverage I was expecting. I did not feel the need for any other products at this time. Overall, it was a seamless experience and I am satisfied.

Dadi Venkatagiri Babu

Vizianagaram

Quick policy issuance

I had a positive overall Reliance Insurance (now IndusInd Insurance) experience while applying for Car insurance. I felt that my protection needs were well addressed with this policy. I am satisfied with the main policy and don't see a need for extras.

Shashidhar Guntha

Vizianagaram

Quick policy issuance

I recently purchased my Car insurance from Reliance General Insurance (now IndusInd General Insurance) and found the experience very smooth. It aligns well with what I needed from an insurance policy. No complementary product was necessary for me at this stage.

Vani Kota

Vizianagaram

Quick policy issuance

The journey of purchasing Car insurance from Reliance (now IndusInd) felt effortless and user-friendly. It met my requirements well and felt tailored to my needs. No complementary product was necessary for me at this stage.

Lonka Gopal Reddy

Vizianagaram

Quick policy issuance

I recently purchased my Car insurance from Reliance (now IndusInd) and found the experience very smooth. I felt that my protection needs were well addressed with this policy. I did not feel the need for any other products at this time.

Devarasetti Uma Manoj

Visakhapatnam

4.5

Seamless digital experience

I found the insurance experience to be well-paced and user-friendly. The policy I selected felt comprehensive and relevant.

Nethala Suri Babu

Visakhapatnam

Quick policy issuance

Buying a car policy through the platform of Reliance Insurance Company (now IndusInd Insurance Company) was straightforward and quick. It aligns well with what I needed from an insurance policy. No additional coverage seemed required for my needs.

Chowdary Appala Naidu

Visakhapatnam

Quick policy issuance

I had a positive overall experience while applying for Car insurance with Reliance General Insurance (now IndusInd General Insurance) . I felt that my protection needs were well addressed with this policy. No additional coverage seemed required for my needs. Overall, it was a seamless experience and I am satisfied.

Pentakota Satya Eswara Sanyasir

Visakhapatnam

Quick policy issuance

I had a positive overall experience while applying for car insurance. It met my requirements well and felt tailored to my needs.

Ravi Shankarnandikolla

Visakhapatnam

Quick policy issuance

The journey of purchasing Car insurance felt effortless and user-friendly. I felt that my protection needs were well addressed with this policy.

Badda Appalanaras Amma

Visakhapatnam

Quick policy issuance

Buying a Car policy through the platform of Reliance Insurance Company (now IndusInd Insurance Company) was straightforward and quick. It aligns well with what I needed from an insurance policy. No complementary product was necessary for me at this stage. I'm happy with how everything went and feel secure with my policy.

A Lakshmana Murty

Visakhapatnam

Quick policy issuance

The journey of purchasing Car insurance from Reliance Insurance Company (now IndusInd Insurance Company) felt effortless and user-friendly. It met my requirements well and felt tailored to my needs. I am satisfied with the main policy and don't see a need for extras.

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Frequently Asked Questions (FAQs)

Why should I choose IndusdInd General Insurance for my car insurance?

IndusdInd General Insurance is one of the top insurance providers in India. Here is why you should choose them for your car insurance needs. -Cashless claim convenience with over 11,000+ authorised garagesCustomisation flexibility with a wide range of add-onsCompetitive premiums with many discounts for increased affordabilityUser-friendly website and online convenience for all insurance needs24/7 customer supportA dedicated mobile app, IndusdInd Insurance Self-i for all your insurance needs

List some factors that influence 3-year car insurance prices.

Some of the crucial factors that impact car insurance for 3 years premium include location of the car, age of the car, make and model of the car, types and number of add-ons and insurance claim history.

What is the main difference between long-term and annual car insurance plans?

The main difference between a long-term car insurance plan and a short-term car insurance policy is the policy tenure.A short-term car insurance plan has to be renewed annually, whereas a long-term plan is usually for 3 to 5 years, after which renewal is required. Due to the longer duration of continuous coverage, long-term plans offer lower premiums.

What is the eligibility for long-term car insurance?

The basic eligibility criteria include -You must have a valid car registration certificateYou must have a valid driving licenceYou must be at least 21 years of ageYou need to present your driving historyYou must share copies of previous car insurance policies, if any

Can I file a cashless claim with long-term car insurance?

Yes, most insurers, such as IndusdInd General Insurance, offer the convenience of cashless claims. With this option, all you need to do is take your car to one of the authorised garages within the insurer’s network and avail of a direct claim settlement between the insurer and the garage.

What is the Insured Declared Value for a car?

The insured declared value of your car is an estimated calculation of your car’s market value at the time of car purchase. Based on this calculation, you get the same amount as compensation in case of a total loss of the vehicle. Thus, it is important to carefully decide the IDV of your car, as it has a direct impact on your claim amount.

My car was stolen. What support can I get from my long-term car insurance?

If your car is stolen, you can file a claim with your long-term car insurance policy and get reimbursement based on your vehicle’s IDV. The amount of financial compensation you will receive will depend on your car’s deductibles and IDV alone, so you must consider the IDV amount carefully.

Does the choice between online and offline policy purchase have any impact on long-term package policy 3 years premiums?

With the online process to buy 3- or 1-year auto insurance plans, you may benefit from lower premiums due to the following reasons -Lower overhead expensesLower operational costsZero paperwork expenses, as paperless policiesMoreover, with IndusdInd General, you can avail of discounts of up to 90% on premiums for car insurance policies under different categories on online purchases. This reduces the premiums even further, making the online process an ideal option.

Is a long-term car insurance policy mandatory?

According to the Motor Vehicles Act 1988 and the recent amendments, third-party long-term car insurance plans are now mandatory for all new vehicles in India. Not having this coverage can result in hefty fines and legal consequences.

What documents are required to submit a long-term car insurance claim?

A duly filled and signed claim form.A clear copy of your car’s registration certificate.A clear copy of your long-term car insurance policy.A First Information Report (for accidents or theft cases).Driving licence.

What is the return to invoice add-on for car insurance?

The return to invoice add-on is helpful when your car is damaged beyond repair or stolen. With this add-on, you can avail of a complete reimbursement of your car’s original price, regardless of the changed market value, to recover for the total loss of the vehicle.