A Complete Guide to Different Bharti AXA Car Insurance Plans

Bharti AXA car insurance protects your four-wheelers financially against any unforeseen event. The company strives to offer customisable car insurance plans, convenient customer support, and faster claim settlement.

The insurer has made great strides in recent years, cementing its name in the list of one of the largest insurance service providers in the country. The company further inspires a lot of confidence among investors and customers alike, given its robust liquidity profile and high claims settlement ratio, making it quite trustworthy against other peers in this segment.

Bharti AXA has plenty to offer regarding car insurance policies, catering to different types, makes, use cases, and other requirements. Today, let us talk about the different kinds of car insurance plans from Bharti AXA and their features and benefits.

Car Insurance Plans Offered by Bharti AXA

Bharti AXA car insurance can be purchased as a comprehensive, standalone own damage or a third-party policy. The first two allow several add-ons for minor increments to the overall premiums. Being a full-service service company, it offers a wide range of offerings and customisations catering to various individual requirements. 

Bharti AXA Third-party Liability Plan

The Motor Vehicles Act mandates a third-party liability policy for four-wheelers to drive on the roads in India. This type of policy covers damage caused to third-party properties or injuries caused to other people by accident involving your car. The insurance covers injuries to the drivers of other vehicles, their passengers, pedestrians, and even other people’s properties.

Such a plan offers basic coverage and is generally affordable. The IRDAI decides the premium for the third-party policy. The latest revision of the Act makes it compulsory to buy a three-year third-party liability policy for new four-wheelers.

Bharti AXA Comprehensive Insurance Plan

This type of car insurance plan from Bharti AXA provides all-around protection for a car owner, the vehicle, and third-party liabilities. A comprehensive insurance policy includes third-party liability cover and also provides financial coverage against manmade disasters like riots, strikes, theft, etc., and natural calamities such as floods, earthquakes, storms, landslides, etc.

Such a comprehensive plan offers personal accident coverage for the driver, insuring a sum of INR 15 lakhs for a yearly premium. One can customise and enhance comprehensive insurance coverage with the help of add-on covers available from the company at an extra cost.

Bharti AXA Standalone Own Damage Car Insurance

The own damage car insurance policy of Bharti AXA covers damages caused to your car due to an accident and natural and human-made disasters. Natural disasters covered include cyclones, landslides, earthquakes, floods, etc. Whereas covered manmade disasters include burglary, strike, theft, riot, etc.

Add-On Covers Available for Bharti AXA Car Insurance Plans

Choosing Bharti AXA for your car insurance greets you with various features, including add-on covers for extended coverage under the policy. Add-ons are additional features you can embed into your existing plan to enhance its benefits further. Though they increase your annual premium to some extent, they can prove to be potent at improving your car insurance coverage.

Here are some add-ons you can opt for with your Bharti AXA car insurance plan.

No-claim Bonus Protection

NCB protection add-on ensures you don’t lose your no-claim discount upon claiming during the policy period. This type of cover helps retain your discounts, which increase over time and save you significantly on renewal premiums.

Zero Depreciation

This is a popular add-on for a car insurance policy. Insurance companies generally deduct depreciation, which is the general wear and tear of the vehicle, when compensating for repairs. This add-on ensures you receive the full amount without any deduction while filing a claim.

Roadside Assistance

With a roadside assistance add-on, you receive instant help if your car faces any problem while driving due to a flat tire, empty fuel tank, or technical problem. The service will fix the issue on the spot or tow the car to the nearest garage, giving you peace of mind in such a situation.

Consumable Cover

This add-on ensures that you don’t have to pay for the consumables when making an accident claim. It covers the expense of screws, bearings, lubricants, brake oil, and other consumables.

Hydrostatic Cover

If you live in an area prone to cyclones, heavy rainfall, or floods, this add-on can come in handy. A hydrostatic cover takes care of your car repair bills in case it is damaged by such events. For example, if water enters the engine, you might have to bear a huge repair expense which is compensated by this cover. 

Engine and Gearbox Cover

This add-on provides financial protection against any cost of repair due to gearbox or engine breakdown. This cover takes care of the expenses associated with any problem in the engine or gearbox.

Co-passenger Cover

Under the comprehensive car insurance offered by Bharti AXA, you receive a personal accident cover of up to INR 15 lakhs for the driver or owner of the vehicle. However, the co-passenger cover is an add-on that offers coverage of up to INR 1 lakh for the passengers travelling in the insured car.

Key Protect Cover

Under this add-on, you get compensated for the cost incurred while replacing your lost car keys or lock. You can file a maximum of two claims under this cover.

Conclusion

Bharti AXA remains one of the leading insurance companies, which got merged with ICICI Lombard recently. With innumerable innovative offerings and attractive pricing, consumers can get a good bang for their buck. 

If you are still looking for a plan that best suits your requirements, you are better off comparing policies, terms and pricing using comparison sites such as Paytm Insurance.