Friday, March 24, 2017

Maruti Insurance Plan - All Insurance Plans Explained

Authorized by the Insurance Requirements and Development Authority of India (IRDAI), Maruti Insurance Booking Private Limited are an Insurance company established for checking all the automobile insurance requirements of their clients.
Affiliated with some of India's top notch Insurance companies, reputed for their client-centric methods.

Why buy Maruti Insurance Plan?

Maruti Suzuki services are spread all around India and offer a 100% return sum from insurance for automobile damage. The service centers for Maruti are all fully equipped with advanced amenities with first-rate mechanics and great infrastructure. The Maruti Insurance Plans guarantees superior quality with repairs, replacement of original parts and service from highly skilled technicians.

The customer care in Maruti is what makes 90% of all buyers opt for taking up the Maruti Insurance Plan for their vehicle. The affiliation of Maruti with some of India’s greatest Insurance carriers like Bajaj Allianz, ICICI Lombard, National Insurance, Royal Sundaram, New India Assurance and Iffco Tokio General Insurance allows customers to have more flexibility when choosing their plans. 

Maruti Insurance Plan depreciation calculator:-


Age of vehicle

% of Depreciation

Not exceeding 6 months Nil
Exceeding 6 months but not exceeding 1 year 5%
Exceeding 1 months but not exceeding 2 year 10%
Exceeding 2 months but not exceeding 3 year 15%
Exceeding 3 months but not exceeding 4 year 25%
Exceeding 4 months but not exceeding 5 year 35%
Exceeding 5 months but not exceeding 10 year 40%
Exceeding 10 years 50%

Features and Benefits of Maruti Insurance plan
  • Damages due to accidents are repaired almost for free.
  • There is unified service provided all across the country.
  • Stress free, transparent and objective settling of claims.
  • Superior repair work at approved dealer garages.
  • Free towing facility with dealer assistance.
  • Instant and easy transfer of no claims bonus.

Inclusions of Maruti Insurance Plan
  • Includes protection against damage due to natural calamities like earthquakes, landslides, lightning as well as man-made calamities like break-in, theft and burglary.
  • Protection against any damage caused during transit by rail, road, air, inland waterway or lift.
Exclusions of Maruti Insurance Plan
  • Damage that is caused due to the routine wear and tear or aging of the vehicle.
  • Damage that is caused by a person driving without a license or under the under the influence of intoxicants.
  • Electrical or mechanical breakdown of the vehicle, depreciation or any consequential loss
Documents Required

Getting a Maruti Insurance Plan is one of the simplest ways to ensure Car Insurance for yourself and your vehicle. There are several ways of getting car insurance. The process for getting insurance can be done online as well. For this, one needs to fill up a form for car Insurance generated by Maruti Suzuki. The documents that are needed for this are ID proof, address proof, income proof, driver's license, report card of the policyholder and the general papers of the car.

Once the documents are successfully submitted, the customer can choose from among the 11 car insurances that Maruti Insurance Plan has to offer in alliance to other Insurance companies.

Anyone who owns a car has a valid driver’s license and is above the legal age of 18 years can apply for Maruti Insurance Plan.

Claims Process for Maruti Insurance Plan

The claims process begins when the policyholder wants to make repairs to his vehicle due to certain events. The claims form is filled up by the policyholder estimating the cost for repairing the damage and the extent of damage is written down thoroughly. This is submitted to the Maruti Insurance Plan company for the claims process.

A surveyor is sent by the company to cross-check the amount of damage caused to the vehicle. The surveyor sees the damage that is done and gives his own repair quote to the company.

The company sends the vehicle to one of the authorized garages for repair of the damaged vehicle. Another surveyor comes and checks the repairs that have been done on the vehicle. Once satisfied, the garage sends the repaired vehicle back to the policyholder.

If there are no claims that are made from the policyholder during the duration of the policy then the holder gets the no claims bonus feature upon renewal of his/her policy. The no claims bonus gives a discount to the policyholder upon renewal of the Maruti Insurance Plan.

Maruti Insurance Plan no claim discount rate:-

Details Discount
No claim made during 1 year of insurance 20%
No claim made during 2 year of insurance 25%
No claim made during 3 year of insurance 35%
No claim made during 4 year of insurance 45%
No claim made during 5 year of insurance 50%

No comments:

Post a Comment