Top 5 Car Insurance Add-ons Offered By Bharti AXA General Insurance

Additional covers are extra facilities offered by the car insurance companies that can be added to standard insurance policies. These covers are highly beneficial as they provide the required extra coverage to the policyholders. However, adding these add ons increases the overall cost of your car insurance premium. Therefore, you should be selective about the add ons that you pick for your policy. This article will guide you through the top 5 additional covers that are provided by Bharti AXA.

Top 5 Car Insurance Add-Ons Offered By Bharti AXA General Insurance

Bharti AXA  offers various additional covers that are extremely beneficial for your car insurance policy. The following are the add on covers provided by Bharti AXA that are most beneficial -

• Zero Depreciation Cover

Every car goes through constant wear and tear from the time of purchase. This wear and tear is called depreciation. It decreases the overall value of your car. A depreciation cover basically eliminates the depreciation factor from the overall value of the car at the time of claim settlement. This cover is under a standard car insurance policy which will help you get a settlement amount without subtracting the depreciation costs. 

• No Claim Bonus Protection Cover

Insurance companies provide a discount on the premium for every no-claim year. This discount is called the no claim bonus. It is cumulative in nature and increases with every claim-free policy year. Bharti AXA provides up to 50% discount on the premium with the no claim bonus. However, claiming your insurance even once during the term of the policy will bring down the NCB component to 0%. Therefore, purchasing an NCB protection cover will retain your NCB component despite raising a claim. This cover will guard your NCB for up to 2 claims in one policy year.

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• Invoice Price Cover For Car Insurance 

In usual circumstances, if your car is stolen or involved in accidents resulting in extensive damage, your insurance company will provide a settlement amount equal to the IDV of your car which is lesser than the price at which you purchased it. If you purchase the invoice price cover, Bharti AXA will pay you the invoice value of your car including road tax and registration charges in case of extensive damage or theft of your car. This is mainly because this cover eliminates the depreciation costs. However, this is not applicable for cars that are older than 2 years. 

• Roadside Assistance Cover 

It is common for your car to face mechanical problems in the middle of your journey. This could be problematic as it could leave you stranded in the middle of the journey. Purchasing the roadside assistance cover from Bharti AXA will help you by providing you with professional help in such frustrating situations to set you off on your journey. The cover also helps you to get a key replacement and alternative transport assistance. 

• Consumables Cover 

As you use your car, the parts are prone to wearing out. Such cases will require you to replace these parts. This may be very expensive. Purchasing the consumables cover for car insurance from Bharti AXA will help you by providing monetary assistance to replace those parts that are rendered unfit for further use owing to damage. This includes items like screws, nuts, washers, grease, lubricants, etc. However, the car must not be older than 5 years to purchase this cover and the repairs must be undertaken within 3 days of loss to avail this cover.

Also Read:

List of The Best Car Insurance Add-On Covers

Take Away

According to the Indian Motor Vehicle Act, it is compulsory for every car owner to have at least a third-party car insurance policy. However, it is imperative to purchase a car insurance plan that offers you the required coverage. By adding these add on covers, you can customize your car insurance plan and get the coverage that you think is necessary. Thus, select your covers carefully and drive safe.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.