Top Car Insurance Companies in India

Top four car insurance companies in India:

• ICICI Lombard

• Oriental Insurance

• National Insurance Company

• New India Assurance Company

Some of the details regarding the type of coverage offered by these companies to car owners are given below:

ICICI Lamboard

ICICI Lombard is a joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited of Canada. The car insurance policy offered by this company covers:

• Personal accident coverage

• Damage/loss to the car against man-made calamities

• Damage/loss to the car against natural calamities

• Third party legal liability

Oriental Insurance:

Oriental Insurance Company came into existence in the year 1947. They offer car insurance policy in the name of private car package policy and the coverage offered by them in this policy includes:

• Damages by accidents

• Damage due to malicious acts

• Natural calamities like storm, hurricane, typhoon, lightning

• Theft

National Insurance Company:

National Insurance Company came into existence in the year 1906 and this company is operating from its registered office in the city of Kolkata. They are offering car insurance coverage in the name of motor policy – private car and this policy covers the car against the following risks:

• Coverage against liability towards third party

• Burglary of vehicle

• Loss due to theft

New India Assurance Company:

This company came into existence in the year 1919 and it holds the pride of being the first fully Indian owned insurance company. They offer car insurance coverage in the name of motor policy and this covers the private car against the following risks:

• Accidental External means

• Earthquake

• Malicious act

• Strike & riot

• Theft, housebreaking, burglary

Apart from these companies, there are also other car insurance service providers in India like Bajaj Allianz, Tata AIG, United India Insurance Company, Reliance General Insurance, HDFC Ergo and Royal Sundaram and these companies are also offering the best coverage against the dream car of individuals.

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Categories: Insurance