Drive your car without any worries this Diwali with these car insurance add-on covers

Brand Connect  /
08 Nov 2018 20:28:35 IST

Every year during Diwali we cleanse our homes to invite Lakshmi, the goddess of wealth into our lives. We buy clothes, jewellery and even cars and homes to begin the year on an auspicious note. We do everything possible to keep our loved ones protected and safe. So, why compromise on one thing that matters a lot in today's time - car insurance, especially when a lot of our time is spent on the roads? From the increase in intercity or interstate road trips to the number of hours spent commuting every day to and from work in cities like Mumbai, Delhi and Bengaluru, people spend a lot of time in their cars on the roads. Therefore, this Diwali, along with clothes and jewellery, you should purchase a car insurance policy that keeps you and your family safe. Choosing a comprehensive car insurance policy along with add-on covers over a basic third-party car insurance will give you and your loved ones enhanced protection. Let's take a look at the three basic add-on covers you should buy this Diwali to drive your cars without any worries.

Zero Depreciation add-on cover

Buying a car, especially your first one, is one of lives' greatest joys. It is symbolic of the growth we are experiencing in our lives. And sometimes, these things that give us little joys may get damaged. And when you file for an insurance claim, you might realise that you were not paid the amount you expected. You might ask why? The answer is depreciation. Everything that you buy, including your much-loved car, depreciates as soon as it leaves the showroom. But imagine if you were told that your car claims can be protected against depreciation? Yes, you can do that with the Zero Depreciation add-on cover. This add-on cover protects your car against depreciation when making claims for damages to parts and paints. With this cover, you can truly ride your car worry-free.

NCB Secure add-on cover

We always look for discounts when making purchases. Whether we are out to buy something as small as groceries or something as big as property, we are delighted when we are offered discounts. Several studies in the field of human psychology have shown that discounts also trigger the release of Oxytocin, the chemical that causes people to feel happy. But did you know that your car insurance provider too offers discounts in the form of No Claim Bonus? With NCB, you can accumulate discounts of up to 50 per cent on renewal of your car insurance if you have not made claims in the previous policy period/s. This 50 per cent NCB accumulates over a period of five claim-free years. But what happens if your car is involved in an accident and you make a claim? Unfortunately, you lose your NCB discount. So, what do you do in such a case? To save your NCB, you can either get your car fixed from a local garage yourself instead of filing for a claim or get 'NCB Secure' add-on cover, which protects your NCB despite claiming once during the policy year. In most cases, the former will only help if the discounts offered are greater than the costs of repairs borne by you. Now, let's talk about NCB Secure. This allows you to drive your car without any worries, and, further, even make one claim without any stress of losing your NCB discount.

Enhanced occupant personal accident add-on cover

Protecting your car is important but protecting your loved ones even more so. We know there's nothing you would not do to keep your family protected and secure. So why miss out on covering them in your car insurance policy? A basic car insurance policy might not cover your occupants. However, a little care on your part can save you a lot of trouble ahead. By opting for the Enhanced Occupant Add-on Cover, you can cover the occupants of your car against bodily injuries causing permanent disability or death if your car is involved in an accident.

You can buy gold and silver for your family this Deepavali, but having them covered against unforeseen risks is the most thoughtful gift you could get them. Let's begin with the year by protecting your near and dear ones including yourself and your prized asset, your car, by buying these add-on covers. The just-launched COCODrive offers Zero Depreciation, Enhanced Occupant Personal Accident and NCB (No Claim Bonus) Secure add-on covers, along with 16 other add-on covers, that will keep you and your family stress-free on the road.

  • Aug 09, 08:29 PM (IST)

    That's a wrap on the high-stakes Rajya Sabha elections. Thanks for staying tuned. Follow moneycontrol.com for news, views and updates.

    SUMMARY

    * Congress' Ahmed Patel wins Rajya Sabha seat from Gujarat
    * Patel received 44 votes, the exact number needed to win the election
    * In late-night drama, Election Commission disqualified votes of two Congress rebels
    * Amit Shah and Smriti Irani also elected to Rajya Sabha

  • Aug 09, 07:30 PM (IST)

    In all, 11 Rajya Sabha members — one from Goa, one from Madhya Pradesh, six from West Bengal and three from Gujarat — were elected.

    FULL REPORT | Rajya Sabha elections: Here who's got elected and re-elected

  • Aug 09, 07:09 PM (IST)
  • Aug 09, 04:35 PM (IST)


    Why Patel's win matters: A defeat could have meant more trouble for the Congress.

  • Aug 09, 03:56 PM (IST)

    West Bengal Chief Minister Mamata Banerjee has also congratulated Ahmed Patel on his victory.

  • Aug 09, 03:01 PM (IST)

    "How much more evidence do we require to understand that we opposition parties are up against a ruthless, finely tuned BJP political machine," Abdullah said.

  • Aug 09, 02:22 PM (IST)

    Former Jammu and Kashmir chief minister Omar Abdullah has said that Congress leader Ahmed Patel's win in the Gujarat Rajya Sabha polls "should have never been this difficult" and the opposition needs to introspect and shift strategy to counter the BJP in the 2019 general elections.

  • Aug 09, 02:10 PM (IST)
  • Aug 09, 01:33 PM (IST)

    Senior Congress leader Kamal Nath says the party has always fought back.

  • Aug 09, 01:08 PM (IST)

    Amit Shah is choosing to focus on the third anniversary of his tenure as BJP President, thanking his followers his Twitter for their wishes. He has not yet commented on his Rajya Sabha victory or the BJP candidate's defeat to Ahmed Patel.

  • Aug 09, 12:15 PM (IST)

    There is no confirmation from the BJP yet over whether they will approach the courts over the EC's decision to disallow two votes.

  • Aug 09, 11:43 AM (IST)

    Congress President Sonia Gandhi says she is very happy with Ahmed Patel's victory. "Thank god for the Election Commission," she says.

  • Aug 09, 11:42 AM (IST)


    Senior Congress leader Ghulam Nabi Azad says the defeat is a lesson for the BJP and they are free to approach any court.

  • Aug 09, 11:42 AM (IST)

    Kailash Vijayvargiya puts things in perspective. "We have won two seats and Congress only one [in Gujarat], no question of disappointment," the BJP leader tells News18.

  • Aug 09, 10:35 AM (IST)
  • Aug 09, 10:32 AM (IST)

    JD(U) legislator Chhotubhai Vasava is also believed to have voted for Ahmed Patel, defying the party whip.

  • Aug 09, 10:22 AM (IST)

    JD(U) leader Sharad Yadav has congratulated Ahmed Patel on his Rajya Sabha victory. The JD(U) is now part of the NDA, but Yadav has been against the idea.

  • Aug 09, 09:58 AM (IST)

    Meanwhile, six leaders were elected to the Rajya Sabha from West Bengal on Wednesday. Five of them were from the Trinamool Congress -Derek O'Brien, Dola Sen, Sukhendu Sekhar Roy, Manas Bhunia, Shanta Chhetri. Pradip Bhattachya of the Congress was also elected to the Upper House. 

  • Aug 09, 09:19 AM (IST)

    Meanwhile, there's been no official reaction from Amit Shah on either his victory or BJP's defeat to Ahmed Patel. He completes three years as BJP President today.

  • Aug 09, 09:17 AM (IST)

    Meanwhile, there's been no official reaction from Amit Shah on either his victory or BJP's defeat to Ahmed Patel. He completes three years as BJP President today.

  • Aug 09, 09:14 AM (IST)
  • Aug 09, 08:31 AM (IST)

    There is speculation that the BJP may approach the courts regarding the Election Commission's decision to disqualify the two votes. We should get some clairty as the day progresses.

  • Aug 09, 08:12 AM (IST)

    In the end, it was two disqualified votes that helped take Ahmed Patel over the line. Here's a recap.

  • Aug 09, 07:55 AM (IST)

    SUMMARY

    *Congress' Ahmed Patel wins Rajya Sabha seat from Gujarat
    * Patel received 44 votes, the exact number needed to win election
    * In late-night drama, Election Commission disqualified votes of two Congress rebels
    * Amit Shah and Smriti Irani also elected to Rajya Sabha

  • Aug 09, 07:51 AM (IST)

    Ahmed Patel has gone from a low-profile politician to the centre of attention in the past month. Here's a short history of Patel's career.

  • Aug 09, 07:51 AM (IST)

    Why does Patel's win matter so much? Read our report.

  • Aug 09, 07:50 AM (IST)

    After late-night drama that saw Ahmed Patel retain his seat, we can expect to see reactions pour in through the day.

  • Aug 09, 02:25 AM (IST)

    That's all from the Rajya Sabha election for now. Log on to www. moneycontrol.com for coverage of the Rajya Sabha elections during the day. Thanks for staying tuned.

  • Aug 09, 02:17 AM (IST)
  • Aug 09, 02:14 AM (IST)

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