With the increasing sales of cars in India, the traffic on the road has also been steadily increasing. There are a lot of measures that are taken by the government to curb the increasing traffic and to ensure road safety. Despite all these measures, accidents do happen. Minor or major, these accidents take a toll on the mental and financial well-being of all the members of the family. This is where the insurance policy comes into play. Your insurance company and your car insurance policy shoulder the financial responsibility in such mishaps. They understand the turmoil the family is in and help share the burden with you.
The car insurance also pays for any liabilities that arise out of said mishap, in case damages or losses have occurred to a third party. This is why the government of India has made car insurance a mandatory legal requirement for any drivers on the road. This step has been taken in the interests of the safety of the drivers. You could easily get a car or other vehicle insurance from your car dealer at the time of the purchase of your car. The approval rate for car insurance policies is very high in India. However, there are certain reasons because of which the policies or your claims might get rejected. Let’s take a look at some of the reasons.
It is important to be very careful with respect to declaring any information to your insurance provider. Being honest and declaring all the right information at the right time can save you a lot of trouble.
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