what is insurance

Drive With These Instant Car Loans:   Looking to buy a car? Check out these hassle-free Car Loan offers with no paperwork that is sure to get your engine purring. A Car Loan will help you turn that dream into a reality. Although most loans require you to submit a bunch of paperwork that makes these loans seem unattractive, there are a few Car Loans that require no paperwork � they�re instant! So, you no longer have to print documents or even stand in long queues at bank counters to submit these documents. Here are a few paperless-approval Car Loan and Used Car Loan offers available : HDFC Bank Car Loan Getting a Car Loan from HDFC bank has many benefits. Interest rates starting from 8.40% and can go up to 10.35%, fixed rate of interest No guarantor required for this loan Avail a top-up loan facility on it Part-payment is available Loan-to-value ratio (LTV) � 100% of the ex-showroom price of the vehicle The processing fee can go up to Rs. 4,720 (one-time fee). T...

Which Car Should Buy-Petrol or Diesel?  Car buyers are often troubled by the thought of which car to opt for � a petrol or diesel. We�ll help you make the choice.  Diesel cars today have made great strides in terms of refinement and cubic capacity (cc). With constant fine-tuning and improvement, diesel cars have become better, more affordable and are proving to be an equal match for their petrol counterparts. So can petrol cars be given a miss nowadays? While there is no simple answer to this debate, the following points can help you reach a decision: 1.        Refinement: This has a lot to do with the car manufacturer. When it comes to the overall refinement of diesel engines vis-�-vis petrol, the former lacks in terms of NVH (Noise Vibration and Harshness) levels. Then again, diesel cars higher up the segment are so refined that one can only hear marginal engine clatter on the outside, while noise inside the cabin is comparable to that of ...

Types of Motor Insurance in India:   Motor insurance protects your vehicle against losses arising from unforeseen risks. It basically covers financial losses arising from accidents, theft and other natural calamities. Motor insurance is a contract for an automobile in which the insurance company agrees to pay for your financial loss resulting from a said specified event. Types of Motor Insurance Third Party Insurance This insurance is mandatory by law. It protects a policyholder against losses which arise due to bodily injury/death to a third party or any damage to property. Here the third party includes people travelling with you or whom the insured person injures and claims damages at the time of the accident. But this insurance does not protect you, your vehicle and co-passengers against losses which arise due to bodily injury/death. Comprehensive Insurance  In addition to third-party coverage, this policy covers you, your car and co-passengers against damages /losses arisi...

Guidelines for Motor Insurance:  The Insurance Regulatory and Development Authority (IRDA) has formulated guidelines that have to be adhered to, by any general insurance company offering motor insurance policies in India. Customers have to avail motor insurance policies only from companies registered with the IRDA. Motor insurance widely encompasses  private car insurance , two-wheeler insurance, commercial vehicle insurance and all other types of road transport vehicles. In India, it is mandatory to own a  motor insurance policy  for any type of vehicle. This is because driving a vehicle without a valid insurance plan is a punishable offence as per the Motor Vehicles Act, 1988. A certificate of insurance will be issued apart from the policy by the insurer according to Rul,e 141 of Central Motor Vehicle Rules 1989 when a motor insurance policy is availed. Types of Motor Insurance policies in India Insurance companies across the country offer two types of motor insur...