The Motor Vehicles Act makes it compulsory for all motor owners to get their motor vehicles insured for third party liability cover. As such if you are planning to own a car then you are required by law to get your car third party liability insured.
Yet there is much more to car insurance than only third-party liability cover.
Future Generali car insurance solution provides a total car insurance package including third party liability insurance.
Future Generali car insurance solution provides a total car insurance package including third party liability insurance.
Inclusions Under Future Generali Car Insurance Plan
Future Generali car insurance policy includes the following under its ambit:
Third Party Liability Cover: Under the policy, third party liability cover is provided as per the stipulations of the motor vehicles act. Third party liability cover includes cover for injury, death and disability of third party or damage to property of the third party by car. The third party can be outside the car or seated inside the car.
Personal Accident Cover: This includes up to Rs 1 lakh cover for death or disability of owner while in the car due to the accident. Personal accident cover can also be sought for car driver and people known to the owner who can be family members, employees or other known people who may be seated inside the car (up to Rs 2 lakh).
Car Insurance: Under this feature, the car is insured against exigencies such as theft, accident, damage due to fire, damage due to natural calamities, damage due to riots or sudden acts of human violence.
Assistance: Future Generali provides assistance to policy holders in times of emergencies which include motor towing and repair assistance.
Exclusions under Future Generali Car Insurance Policy
The claims of Future Generali Car insurance policy are not honoured under several conditions which majorly include:
Normal Wear And Tear Of The Car: Car is a depreciable asset. With time and increased usage wear and tear may occur and these are not covered under car insurance cover. The expenses for correcting a decrease in car performance and deteriorated condition of car parts like tyres and other conditions which fall under normal wear and tear category need to be borne by the car owner.
Willful Negligence on The Part of Car Owner: If the owner has neglected the required maintenance and services of the car then there can be an accident due to malfunctioning of the vehicle on the road because of being deprived of proper care and the claim may get rejected on these grounds. Hence it is always advisable to get the regular maintenance done and preserve the service records.
Disregard to Rules and Regulations: If car meets with an accident due to going against driving and traffic rules then personal accident cover is ruled out and car cover is not provided if the person driving was the car owner.
Invalid Driving License: It is always advisable to pocket a valid driving license while driving. The occurrence of an accident while driving without a valid driving license can lead to the dishonour of applicable claims.
Inebriated Condition: If driver meets with an accident while under the effect of intoxicating substances, then personal accident cover is ruled out, and car damage cover is also ruled out if the person driving the car was the car owner.
Features and Benefits of Future Generali Car Insurance Policy
The prominent features and benefits of Future Generali Car Insurance Policy include:
- Car insurance policy can be issued instantly online
- Car insurance policy and No claim bonus can be transferred
- No claim bonus up to 50%
- Towing assistance for car upon breakdown or accident
- Network of more than 2500 repair workshops across the country
- Cashless settlements in networked repair workshops
- Easy and swift claim settlement process
- Car insurance premium discounts on
Voluntary excess
Anti theft devices
Membership in recognized associations
Anti theft devices
Membership in recognized associations
- Personalized services and interface points (under Future Express and Future Express +)
- All time emergency assistance through customer helpline services
About Future Generali General Insurance Company
Future Generali GIC is a joint collaboration between Indian conglomerate Future Group and Italian global insurance leader Generali. The IRDAI registration number of the general insurance company is 132. The company has registered office in Mumbai and presence in more than 125 locations in India. The company has been creating industry performance benchmarks since its inception in September 2007.
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