Additional Coverages In Motor Insurance Policy

Extension of geographical area of coverage beyond India, personal accident covers for driver and passengers, loss or damage to your car accessories – these aren’t covered with general premium of motor insurance policy offered by general insurance companies in India. But yes, on payment of additional premium, you can enjoy these additional coverages. You get these benefits with ‘my:asset Private Car Package Policy’ motor insurance from L & T Insurance. Besides, you can save on your motor insurance premium by availing discounts; there are certain terms and conditions for the same. Discount on no claim made in the previous policy period, which is also termed NCB (no claim bonus) is one of the conditions. Not all general insurance companies offer this facility. As the NCB gets accumulated over time, i.e. if no claims are made over time, you may avail a discount of up to 50%. Yes, NCB benefits can be transferred to your L & T motor insurance even if you change your car or shift from any other general insurance company. Other conditions for enjoying discounts are having an anti-theft device installed in your car, going for a higher Voluntary Excess (part amount paid by self), and membership with an approved automobile association.