1. ICICI Lombard General Insurance Co. Ltd.
ICICI Lombard GIC Ltd. is a private player in the insurance industry.
It is also the largest insurance company in India (private sector). A
recent survey by J.D. Power Asia Pacific has revealed that ICICI Lombard
Auto Insurance leads all of the auto insurance players when it comes to
customer satisfaction. Interestingly, the brand has also been
acknowledged as the most Customer Responsive insurance company. ICICI
Lombard Auto Insurance also boasts of a reputed award for customer and
brand loyalty.
- Doorstep surveyor facility
- Online purchase on EMIs
- Towing assistance
- Cashless settlement at 2900+ network garages
- Digitally signed online policy
2. Tata AIG General Insurance Co. Ltd.
Established in the year 2011, Tata AIG General Insurance is fairly a
young company that has managed to win over a decent part of car
insurance marketplace owing to its dynamic distribution channels and
smooth hassle-free claims. Recently, the brand has won reputed awards
for being the best employer and employment of mobile application in the
insurance industry.
- Free car pick up
- Warranty on repairs
- Unique add-ons
- Cashless settlement at network garages
- Claim settlement within 7 days
3. The Oriental Insurance Co. Ltd.
The company is owned by the Central Government. Rated as the iAAA by
ICRA, Oriental Insurance Company is one of the best companies offering
car insurance in India. The brand swanks the most reputed awards in the
industry including the prestigious ‘best bank and financial institution
award’ and ‘best public general insurance award’.
What’s Unique about it?
- Recognised as one of the most reliable names in car insurance industry
- Valuable add-ons
- High claim settlement ratio in the industry
- Fast claim settlement
4. The New India Assurance Co. Ltd.
Widely recognised for being the pioneer in initiating highly
innovative insurance products, the New India Company for insurance is
fully owned by the government of India. It is espoused by a strong
capital, hi-tech infrastructure and human resource. New India is
definitely the leading auto insurance company in India. Recently, the
brand has carved a strong international presence for itself. The New
India Assurance Co. Ltd. has been rated A- (Excellent) by A.M. Best Co.
Interestingly, it has turned out as the only Indian insurance company to
be rated by an international rating agency.
What’s Unique about it?
- The company takes action on claim request within 3 days of application
- Complaint acknowledged within 3 days of receipt
- Grievance resolved within 15 days of receipt
- Surveyor appointed within 48 hours of claim notification
- Claim payment made within 3 days of discharge voucher receipt
5. HDFC ERGO General Insurance Co. Ltd
The ISO 9001:2008 certified company is aided by dynamic channel of
distribution. It is also known widely for its world class customer
oriented approach. HDFC is definitely the top notch brand for buying a
car insurance. When it comes to claim settlement among private car
insurer, the company boasts of having one of the highest ratios. HDFC
ERGO has also been rated iAAA by ICRA. In the year 2013, IAIR
acknowledged the company was as the best general insurance corporation
across the nation.
What’s Unique about it?
- Discount on age and profession
- Cashless settlement at 1600+ network garages
- Nil documentation
- Fast claim settlement
- Dedicated customer support team
Summary:
Car Insurance simply is kind of a relief in cases of accidents or
thefts. It can be said that it is an essential task to be done once you
bought a car, especially in India. One can easily get car insurance
information online, and even can compare different policies through
various sites. On observing carefully before choosing the best car
insurance company in India, one can easily save up to 55% on car
insurance renewal premium, by choosing appropriate plan and even can get
benefits on Insurance plans for a new car.
Disclaimer: The opinions expressed in this article are the personal views of the author. CarSaleIndia is not responsible for the accuracy, completeness, suitability, or validity of any information on this article.
Source: InsuranceExperts.in