You want or not but you have to take the insurance for your motor. We will list out best motor insurance companies in India. Motor insurance is compulsory by Indian Government under Indian Motor Act. So we understand the value of money hence we have chosen some of best motor Insurance companies in India. If you need Insurance quotation comment below we will share the quotation of Motor Insurance also.
There are three types of Motor Insurance –
- Private Car Insurance
- Two Wheeler Insurance
- Commercial Vehicle Insurance
Private Car Insurance is that Insurance in which Company offer the insurance plan to the Private customer for the car owner.
Two Whiller Car Insurance is that plan where the company will offer the insurance to the Car owner.
Commercial Vehicle Insurance – In this Company offer insurance plan for the Commercial vehicle owner. You like or not but you have to take the Insurance from any third party company. This company makes the big profit from the Insurance sector.
Today we will see Best 5 Motor Insurance Companies in India
Overview of Top 5 Motor Insurance Companies:
#1. HDFC ERGO General Insurance Co. Ltd
HDFC ERGO is one of best Motor Insurance companies in India. It has dedicated customer support which offers the best support in the insurance sector. HDFC ERGO is easy to claim with HDFC Ergo. It is the top brand to provide the motor Insurance. HDFC boasts of having one of the highest claim settlement ratios among private motor insurers. HDFC ERGO is ISO 9001:2008 certified for its operations and claim processes and has been rated iAAA by ICRA. It was recognized as the best general insurance company in India by IAIR in 2013.
HDFC ERGO Main Points
- Age and profession discount
- Zero documentation
- Fast claim settlement
- Cashless settlement at 1600+ network garages
Dedicated customer support team.
#2. ICICI Lombard General Insurance Co. Ltd.
ICICI Lombard General Insurance is one of the biggest General insurance providers in India. It offers all types of Insurance and in motor insurance is ICICI Lombard General Insurance is best insurance provider.
As per a survey performed by J.D. Power Asia Pacific, ICICI Lombard Auto Insurance leads all the auto insurance players in terms of customer satisfaction. ICICI Lombard Auto Insurance has also been recognized as the most Customer Responsive insurance company. It also boasts of a reputed award for customer and brand loyalty. check here some of the main points.
ICICI Lombard General Insurance Main Points
- Doorstep surveyor facility
- Online purchase on EMIs
- Towing assistance
- Cashless settlement at 2900+ network garages
- Digitally signed online policy
#3. Tata AIG General Insurance Co. Ltd.
Tata AIG General Insurance was incepted in 2001. It is joint a joint venture between the Tata Group and American International Group (AIG). TATA AIG managed to win the major section of motor insurance sector due to hassle free claims operation and low price quotation.
Last year, the brand bagged reputed awards for being the best employer and deployment of the mobile application in insurance.
TATA AIG is the new but most powerful company in the insurance sector. Check here few points why everyone likes about TATA AIG. check here some of the main points.
Tata AIG General Insurance Main Points
- Free car pick up
- Cashless settlement at network garages
- Claim settlement in 7 days
- Warranty on repairs
- Unique add-ons
#4. The Oriental Insurance Co. Ltd.
Oriental Insurance Company is one of the best companies to get a motor insurance. It is leading in the General Insurance sector. Oriental Insurance Company is owned by the Central Government, The brand boasts of winning the most reputed awards in the industry. The latest ones worth mentioning here are – ‘best public general insurance award’ and ‘best bank and financial institution award’. Oriental is one of the few insurance companies in India to get the iAAA rating by ICRA, indicating its strong financial framework. Trust flow is high on Oriental Insurance Company. check here some of the main points.
Oriental Insurance Company Main Points
- One of the most reliable names in motor insurance
- High claim settlement ratio
- Valuable add-ons
- Fast claim settlement
#5. The New India Assurance Co. Ltd.
The New India Assurance Co. Ltd is wholly owned by the government of India. Backed up by a strong capital, infrastructure and human resource, auto insurance company in India. New India Assurance has embarked an international presence and is well known for being a pioneer in introducing innovative insurance products. It is best supported by the Government so financially it is strong and strongest General insurance company.
It has been rated A- (Excellent) by A.M.Best Co., becoming the only Indian insurance company to be rated by an international rating agency. You can get the quotation. check here some of the main points.
The New India Assurance Co. Ltd Main Points
- Surveyor appointed within 48 hours of claim intimation
- Claim payment made within 3 days of discharge voucher receipt
- Grievance resolved within 15 days of receipt
- Claim decision was taken within 3 days of application
- Grievance acknowledged within 3 days of receipt
Here is the best Motor Insurance company in India. We have listed out to help you to understand which is the good one. If you have used these insurance and face any issue or wants to share the experience you can comment below. We will be very happy to get the response.
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