Buy Insurance Online}

Submitted by: Mohankumar1979 Kumar

www.easyinsuranceindia.com: www. easyinsuranceindia.com is an online insurance portal.you can buy Private car insurance,health insurance, travel insurance,two wheeler insurance there using your credit/debit card.

For private car insurance, easyinsuranceindia.com gives up to 40% discount on your own damage premium.easyinsuranceindia.com shows quotes of more than 11 insurance companies which include leading insurance companies like RoyalSundaram, Tata Aig, Iffco Tokio, Bajaj allianz,Cholamandam.This site gives detailed comparison of the features offered by these companies like cashless claim,towing facility, 24/7 helpline.You can buy the private car insurance using your credit card.The policy will be mailed to you instantly.

You can buy health insurance at easyinsuranceindia.com.More than 14 insurance companies(Star Health, Apollo DKV,Bajaj Allianz,Royal Sundaram ..) quotes are displayed.You can view the features comparison of the policies like Intensive care benefit,critical illness, ambulance charges,nursing expenses,cashless facility etc..

You can buy two wheeler insurance ,travel insurance,home insurance at easyinsuranceindia.com using your credit card.Other modes of payment are also available like DD,Cheque etc..

www.easyinsuranceindia.com makes your insurance purchase very easy. Private car insurance: Every body knows motor insurance is mandatory by law. For every motorized vehicle it may be two wheeler or four wheeler, whether it is used for private or commercial purposes, insurance policy is mandatory according to the Indian Law. So every body purchases an insurance policy for their vehicle. But only few know the details of the policy. Generally people will call an agent or go to a nearest insurance company to purchase a policy. The agent will quote some amount as premium. They will pay the amount and collect the policy. They dont know the exact details of the policy. Because of this they will face many kind of problem if they have to file a claim. First the agent may have under valued the vehicle to quote a lower premium. For example the present value of a vehicle is 40000/=, but in the policy it may be given as 30000/=.So if your vehicle is stolen you can only get 30000. So you lose 10000 because of the insurance agents fault. The persons traveling in a vehicle (Pillion rider in case of two-wheeler) have to be covered separately, so that if any thing happens to them while traveling, insurance company will compensate for their loss. If the agent did not add this at the time of policy under writing, nothing can be claimed on the precious lives. Like these there are so many things in a motor policy. I am going to explain some of them. Most of these explanations are related to private car insurance and two-wheeler insurance. Motor insurance policy is divided into two sections. One is Own Damage and the other one is Third Party Liability. Own Damage Own damage section covers your risk. If any thing happens to your vehicle insurance company will compensate you for that damage usually after a surveyor inspection. IRDA gives guideline rates for own damage. But Insurance companies are allowed to change it. Because of this you are getting different types of premiums from different companies. Insurance companies will fix the own damage rate based on the claims settled for that particular model throughout India. Third Party Liability Damage(TPPD) If your vehicle cause any damage to any person or any person’s property, insurance company will compensate for that damage. These claims are settled through court. Tariff for this section is fixed by IRDA. The first thing in a motor policy is IDV or Insured Declared Value. (IDV)Insured Declared Value: The IDV is calculated as follows. Your vehicles current market price is taken as base value. Then standard depreciation will be applied on the current market price to get your vehicles present value which is called as IDV. The standard depreciation is fixed by IRDA (Insurance Regulatory and Development Authority). IRDA only specifies Depreciation for vehicle which is less than five years old. For vehicles older than five years IDV will be fixed by the insurance company based on the vehicle condition. So what is the right IDV for your car or two-wheeler? First consider the IDV given to you by the company. If you have maintained your vehicle in good condition, if your vehicle is not damaged in any accident you can increase your IDV by considerable amount. But if you think your vehicle is not in good condition or if it is damaged in any accidents you can decrease the IDV of the vehicle. But at any time dont reduce your IDV only for the purpose of lowering the premium. Because saving 100 or 200 rupees when buying a policy, will reduce 10000 or 20000 rupees in the compensation amount you get if you file a claim. In the same way if you overvalue your vehicle you cant get the same amount if you file a claim. You will only get depreciated market value of the vehicle. Electrical/Electronics accessories Above mentioned IDV covers your car only. That is, for anything you paid additionally to fit in your car you have to insure it additionally. Any accessories which are not included in the manufacturers selling price have to be insured separately. In insurance parlance it is Electrical/Electronics accessories. So do remember to add your accessories when you insure your vehicle next time.

Co passenger cover/Pillion passenger cover: If you look at the liability section in your insurance policy you can see TPPD liability premium and compulsory PA Cover. Some polices may have co passenger cover and paid driver liability. This co passenger cover and paid driver liability is optional covers. You should include this for your policy. Compulsory PA cover covers the registered owner of the vehicle. So if you employ any driver even for a day and if anything happens to that driver, you may not be allowed to file a claim because the driver is not covered in the policy. So always add this cover. Similarly the persons traveling in the car(Pillion rider in case of two wheeler) have to be insured separately. If this optional cover is included in the policy,Insurance company will compensate if any thing happens to the co passengers. Co passengers can be insured from 10,000 to 2,00,000. Paid driver cover (Rs 25/=),Co passenger cover(Rs 5/= per passenger per Rs 10000/=) Pillion rider cover(Rs 7/= per Rs 10000/=) may cost you more when you purchase a policy. But if any thing happens you can get some amount of compensation.

Discounts: Voluntary deductible discount: If a private car is damaged in a accident and the damage cost is less than Rs 500/= you cannot file a claim(Rs 500/= for vehicles less than 15000CC. exceeding 1500CC It is Rs 1000/=). This is called compulsory deductible. For two wheelers compulsory deductible is Rs 50/=. You can increase the deductible amount if you wish. For this you will get discount on your own damage premium. This is called Voluntary deductible discount. If you are in remote area you can opt for voluntary deductible discount because of filing a claim and getting the money may be a lengthy and cumbersome process. Voluntarily deductible amount discount for private car Rs 2500/= 20% on OD. maximum Rs 750/= Rs 5000/= 25% on OD. maximum Rs 1500/= Rs 7500/= 30% on OD. maximum Rs 2000/= Rs 15000/= 35% on OD. maximum Rs 2500/=

Voluntarily deductible amount discount for two wheeler Rs 500/= 5% on OD. maximum Rs 50/= Rs 750/= 10% on OD. maximum Rs 75/= Rs 1000/= 15% on OD. maximum Rs 125/= Rs 1500/= 20% on OD. maximum Rs 200/= Rs 3000/= 25% on OD. maximum Rs 250/=

See these things in action: Ok. Like these, there are so many things in private car insurance. Now the question is how to get all these benefits reflect in your private car insurance policy? For that you go to www.easyinsuranceindia.com where you can underwrite your car insurance policy. If you go to others, first they will underwrite your policy, and then they will ask you to pay the premium. It is totally different at easyinsuranceindia.com.You decide what you want in your policy, and then easyinsuranceindia.com will tell you the premium for that. You decide your vehicle IDV.You choose whether you want Voluntary deductibles. You decide whether you want insure co-passengers? Than pay the premium accordingly. You can play with all these optional covers and discounts. Then you can finally arrive at nominal premium which satisfy your needs. Then you can pay it online using your credit/debit card. Based on your vehicle model they are giving up to 40% discount on your own damage premium. Thus Easyinsuranceindia.com totally redefined your insurance purchase process. You can buy your insurance anytime from anywhere in the country. You will your receive your policy at your doorsteps. So next time to buy car insurance, go to easyinsuranceindia.com,underwrite your policy, pay for it, then get it delivered on your door steps.

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