Maruti Insurance Overview
Maruti Insurance, the insurance arm of Indian motorist. The company offers insurance solutions for Maruti Suzuki car owners.
The policies provide 11th insurance companies, including general insurance companies, to all public sectors in India.
This insurance the policy is unique to Maruti Insurance and no other vendor provides the same policy for car owners.
Maruti Insurance was established in 2002, and has over 52 lakh subscribers, with total subscribers serving up to March 3, 2016, collecting a premium of over Rs 3 crore. 5,139 crore and has settled more than 12.7 lakh claims over the years.
It has Pan-India presence in more than 450 cities and plans to provide all Maruti car insurance policyholders for commercial vehicle owners or private car owners.
Maruti Insurance focuses on providing complete mental peace for its policyholders and has developed step-based methods for handling claims.
It follows a five-step process that ensures that customers do not have to worry about pursuing a claim.
Benefits of Maruti Car Insurance
One type of policy that is not available anywhere else is the Maruti Insurance plan is a unique car insurance policy and is not available from any insurance provider.
That means Maruti car owners will only be able to subscribe to the policy through Maruti Insurance.
They will not be able to subscribe to the policy from elsewhere.
In short, what Maruti has done is that it has provided its policyholders with a special kind of cover that ensures that they have no troubles when filing a claim.
Maruti Insurance will ensure that the applications for their claim are processed in a timely manner and all repairs will be performed with Maruti Genuine Parts and Accessories equipment.
11 Ability to choose policies from insurance companies
Maruti car insurance is available from 11 major general insurance companies which includes all public insurance companies in India as well as some private sector general insurance players.
- Public insurance companies include
- National Insurance
- Oriental Insurance
- The New India Assurance Company
- Insurance for United India.
Private partners include Bajaj Allianz, ICICI Lombard, Ifco Tokyo General Insurance, L&T Insurance, Royal Sundaram, SBI General Insurance and Universal Sompo General Insurance Company.
Policyholders can choose the insurance company of their choice and in which they have a better network of accommodation.
They can purchase the policy directly from Maruti car insurance and choose their preferred insurance provider during policy selection.
Pan India A network of authorized repair centers
Maruti Insurance offers its policyholders Maruti Suzuki’s Pan-India workshops to repair their cars after a breakdown or accident.
The huge Maruti network ensures that car owners do not have to worry about repairing cars anywhere in their country.
They can take it to an approved workshop and receive all the services needed.
Trained technicians will use the prescribed methods and approved parts and accessories to return the car to its original condition within a certain period of time.
Available for all Maruti Suzuki cars
Maruti Insurance Policies are available for all Maruti cars – personal or commercial terms whether they are under 10 years of age at the time of first purchase.
The policy can be renewed by all car owners, even if you have a Maruti car that is 10 years or older and you purchased the policy in the previous year and continue to renew the plan without any breaks, you can continue to renew the Maruti Insurance plan for a few years. Can
Alternatively, if you have created a Maruti car insurance policy in the previous year and then opted for a different insurance company, you will not be able to buy a new Maruti Insurance policy after 10 years has passed.
Cashless repairs are close to any authorized service center
Maruti Car Insurance offers cashless repairs for its policyholders.
Car owners only have to pay for the mandatory surplus and depreciation, the rest of the costs are borne by the insurance company and Maruti Insurance is directly settled between the workshop and the insurer.
The policies come with a variety of options and riders such as zero depreciation, cover for extra towing, consumables, etc. which means the policyholders pay only a small amount after repairing the car.
Cashless repairs are available at all authorized service centers or Maruti Suzuki workshops.
A fair and transparent claim settlement process with no secret charge
Maruti Car Insurance Claim Settlement Process provides Client with all-expense information.
For example, all parts are categorized into their respective categories and customers do not have to spend unnecessary expenses.
Let’s understand this with an example. Suppose your car is being repaired and some old wires and parts are being replaced with new ones.
The bill for final repairs require you to discount the redemption value of these parts and provide sufficient relief from the depreciation value of the replacement parts.
In most cases, this is not done but in the case of Maruti Car Insurance, all such details are fully available to the customer.
The company has a prescribed format for depreciation and only 50% of the depreciation value is allocated to car parts for older than 10 years.
Also, there is no secret charge. The Company does not charge a claim or processing fee, which further reduces its policies for the range of payment features.
Maruti Car Insurance Renewal:
You can update the auto insurance policy of your Maruti car on the official website of Maruti Insurance Broking Private Pvt.
The online policy renewal facility is quarrel-free and convenient.
Maruti Insurance also promises that the process is highly secure, as the company takes strict protection measures when dealing with personal information.
At Policy Market, we believe that your car is the most valuable thing you can buy.
When you want to renew it we allow you to compare multiple car insurance plans online in a simple and easy step.
Our website provides you with car insurance plans from reputed general insurance companies in the country.
You can compare them all based on multiple features, such as IDVs, no-claim bonuses, roadside assistance and premiums.
On the basis of comparison, you can choose the best Maruti car insurance coverage.
To renew an online policy, you must provide the following information for the online form:
Click this link, Fill your details
Vehicle registration number
After you submit the form, a customer service representative will contact you to guide you through the next processes.
If you would like to speak to a customer support center, you can dial in their toll-free number.
Tips To Save Premiums For Your Maruti Car Insurance.
If you are looking for the best price for your Maruti Car Insurance, there are a few things to keep in mind before buying a policy:
Compare Insurance Plans Online – It is possible to compare insurance plans between providers and identify one that suits your needs.
This is an important step that you should not miss out on when looking to buy car insurance.
Read the terms of the policy – before buying an insurance plan you should read through the terms of the policy and understand the coverage provided.
This applies across the board for all insurance plans. Reading through the policy documentation further equips you to make informed decisions when buying.
Know Your Car IDV – This step is more relevant when you want to renew an existing car insurance policy.
Knowledge of IDV, that is, the current market value of your vehicle gives you an idea of how much you need to pay for your insurance.
This helps negotiate with the insurance company to get a better deal on your car insurance premium.
Opt for Volunteer Discounts – If you consider yourself a safe driver, you should ideally, opt for voluntary discounts when buying car insurance.
This reduces your premium by a significant amount. However, when choosing extras, be sure that you will be able to pay the discounted amount you choose when claiming.