फर्स्ट-पार्टी कार इन्श्युरन्स: लाभ, समावेश आणि अपवाद

First-party car insurance protects vehicle owners against financial losses from accidents, theft, fire, natural disasters, and other damage to their own car. It provides broader protection beyond basic third-party coverage and helps drivers manage repair and replacement expenses, improving overall financial security and peace of mind on the road.

Keep reading to learn its other benefits in detail, such as comprehensive protection, customisable coverage, cashless claim settlement, 24/7 road assistance and a no-claim bonus.

फर्स्ट-पार्टी कार इन्श्युरन्स म्हणजे काय?

First-party vehicle insurance is a comprehensive policy that protects both the vehicle and the owner against various risks. It includes safeguards against non-accidental losses such as theft, fire, natural disasters, and accidental damage.

Most first-party insurance plans cover damage and losses caused by road accidents or collisions. They also cover damage from natural or man-made disasters like floods, cyclones, earthquakes, riots, or vandalism. You do not have to worry about your car catching fire or exploding since your insurance plan will cover it as well.

What Are the Benefits of a First-Party Car Insurance Plan?

With first-party insurance, your car will get better protection, as it includes damages that are generally not covered by a third-party car insurance policy. Some of the other benefits offered by this car insurance plan are mentioned below:

सर्वसमावेशक संरक्षण

First-party car insurance provides comprehensive protection for a car and its owner/driver against a wide range of risks, including theft, fire, natural disasters, and accidental damage.

कॅशलेस क्लेम सेटलमेंट

बहुतांश कार इन्श्युरन्स कंपन्या कॅशलेस क्लेम सेटलमेंट ऑफर करतात, याचा अर्थ असा की पॉलिसीधारक स्टँडर्ड कपातयोग्य भरून कोणत्याही नेटवर्क गॅरेजमध्ये त्यांची कार दुरुस्त करू शकतो.

24/7 रोड असिस्टन्स

First-party vehicle insurance gives you the added advantage of 24/7 road assistance. This is a useful benefit that helps you in case of breakdowns, flat tyres, or other emergencies while on the road. However, you might have to get this benefit as an add-on. Benefits like these are not available to people who only have third-party car insurance.

नो क्लेम बोनस

जर पॉलिसीधारक पॉलिसी वर्षादरम्यान क्लेम करत नसेल तर ते NCB लाभ कम करतील जे सर्वसमावेशक कार विमा रिन्यूवलच्या वेळी त्यांचे प्रीमियम कमी करू शकतात.

कस्टमाईज करण्यायोग्य कव्हरेज

कार इन्श्युरन्स पॉलिसीधारकाला त्यांच्या गरजा आणि बजेटसाठी सर्वोत्तम असलेले ॲड-ऑन्स निवडून त्यांचे कव्हरेज कस्टमाईज करण्याची परवानगी देते.

फर्स्ट-पार्टी कार विमा मध्ये काय समाविष्ट आहे?

The inclusions are accidents, natural or man-made disasters, fire damage, theft and in-transit damage. It becomes easier for car owners to choose the right protection by knowing the inclusions in detail. The objective is to reduce financial losses caused by the below-mentioned reasons.

अपघात

Accidents and collisions are quite common on Indian roads. A first-party vehicle insurance covers damages and losses caused by road accidents.

नैसर्गिक किंवा मानवनिर्मित आपत्ती

Though not quite common, natural disasters like floods, cyclones or earthquakes or man-made disasters like vandalism and riots can lead to car damage. First-party insurance covers losses or damages caused by natural or man-made disasters.

आगीमुळे होणारे नुकसान

Engine damage caused by fire incidents can lead to expensive repairs or complete replacements. First-party insurance generally covers damages or losses caused by a car fire or explosions.

चोरी

It is always advisable to choose a car insurance plan including theft protection so that the insurance company can pay for the damage if your car is stolen. It will save you from the huge financial loss of buying a new car.

ट्रान्झिट नुकसान

Transportation of new cars comes with some inherent risks. Since every new car owner wants to safeguard their vehicle during transportation, they can choose a car insurance plan that covers the repair costs caused by in-transit damage.

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What are the Exclusions of a First-Party Car Insurance?

The exclusions are intentional damage, depreciation, illegal activities and commercial use, among others. Though this insurance plan has numerous inclusions, it does not cover every damage or loss.

You can prevent your claim from getting rejected by understanding the exclusions mentioned below in detail:

जाणीवपूर्वक केलेले नुकसान

A first-party insurance plan will not cover any intentional damage or loss the insured car faces.

डेप्रीसिएशन

This insurance policy does not cover the depreciation in a car’s value due to normal wear and tear.

इलेक्ट्रिकल किंवा मेकॅनिकल बिघाड

Over time, the internal components of a car can degrade due to friction, age, heat or voltage stress, leading to electrical or mechanical breakdown. First-party insurance does not cover the cost of such repairs.

बेकायदेशीर कृती

Some of the common illegal activities this insurance plan does not generally cover are driving under the influence of drugs/ alcohol, not having a valid driving license and using it for criminal activities.

भौगोलिक मर्यादा

Most insurance policies have geographic limitations. For example, if you are Indian, this policy will be valid only in your country. Your first-party insurance claim will be rejected if your car meets with an accident in some foreign country.

व्यावसायिक वापर

Sometimes, car owners use their insured car for commercial activities like ride-sharing or delivery. The first-party insurance does not cover car damage caused by commercial use.

तसेच वाचा: कार इन्श्युरन्स पॉलिसीची स्थिती ऑनलाईन कशी पाहावी?

How to Buy/Renew First-Party Car Insurance?

Once you understand what first-party car insurance covers and why it matters, the next step is learning how to get or renew a policy without any hassle.

1. Go to the official website of Bajaj General and click on the ‘Insurance’ section.

2. Choose the first-party insurance option from the offered insurance types.

3. Fill in details such as your car’s model, manufacturer, variant, and city for accurate policy customisation.

4. Select a plan that aligns with your coverage requirements and budget.

5. For renewal, input your current policy and vehicle registration numbers.

6. Evaluate the percentage of the No Claim Bonus applicable for the current year.

7. Opt for additional coverage for your car's accessories or DriveSmart Telematics Services for added benefits.

8. Assess and opt for top-up covers to enhance your policy per your preferences.

9. Ensure accuracy by reviewing your policy, vehicle, and personal information. Update any changes in personal details if necessary.

10. Receive your premium quote and pay through the secure online portal.

11. Once payment is processed, your first-party vehicle insurance is successfully renewed or purchased.

How to File a Claim under First-Party Car Insurance?

Here is the first-party insurance claim process for Bajaj General Insurance:

स्टेप 1

Register Your Claim: Contact Bajaj General Motor Claim Assistance Number at 1800-209-5858 or use the Motor On The Spot service. You can do the same by calling 1800-266-6416. Alternatively, you can register your claim through the Bajaj General App.

स्टेप 2

Provide Details: Share your contact, accident, and vehicle information.

स्टेप 3

Get a Claim Reference: Receive a Claim Reference Number for tracking.

स्टेप 4

Send for Repair: Move your vehicle to a garage to prevent further damage.

स्टेप 5

Survey and Settlement: Submit documents for assessment and select the Motor OTS service for minor damage.

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Why Choose First-Party Car Insurance?

First-party car insurance, also known as comprehensive car insurance, offers a wide range of benefits for vehicle owners. Here are the key reasons to choose it:

विस्तृत कव्हरेज

Unlike third-party insurance, first-party insurance covers damages to your own vehicle in addition to third-party liabilities. This means you’re financially protected against accidents, theft, natural disasters, and vandalism.

पर्सनल ॲक्सिडेंट कव्हर

First-party insurance typically includes coverage for the driver and passengers, offering compensation in case of injury or death resulting from an accident.

No Financial Burden

It reduces the financial strain in case of damage or loss, as it covers repair costs, medical expenses, and even theft-related claims, subject to policy terms.

अतिरिक्त लाभ

First-party policies often offer add-ons like roadside assistance, engine protection, and zero depreciation cover, making the policy even more comprehensive.

मानसिक शांतता

With a first-party policy, you have extensive coverage that prepares you for unexpected situations, giving you peace of mind while on the road. Choosing first-party insurance helps secure not only your car but also protects you and your passengers, offering a more robust safety net.

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First Party v/s Third Party Car Insurance Policies

In motor insurance (car or bike insurance), the terms First Party, Third Party and Comprehensive Insurance are often confusing because they are closely related but not identical.

1. फर्स्ट पार्टी: तुम्ही

2. सेकंड पार्टी: इन्श्युरन्स कंपनी

3. थर्ड पार्टी: तुमच्या वाहनामुळे प्रभावित अन्य व्यक्ती किंवा प्रॉपर्टी

In India, third-party insurance is legally mandatory under the Motor Vehicles Act, while Comprehensive insurance is optional but strongly recommended.

If you are wondering, ‘What are the differences between first-party and third-party car insurance?', you can take a look at the table below,

तसेच वाचा: तुमचा झिप कोड तुमच्या कार विमा रेट्सवर कसा परिणाम करतो?

निष्कर्ष

First-party car insurance, also known as Standalone Own Damage Car Insurance, offers extensive coverage for vehicle owners. It protects the insured vehicle against damage, theft, fire, and natural disasters, while also covering third-party liability.

Additional benefits like cashless claim settlement, 24/7 roadside assistance, and customizable add-ons make it a well-rounded policy. While it provides financial security, it does not cover intentional damage, wear and tear, or accidents resulting from illegal activities. This policy is ideal for car owners seeking complete protection and peace of mind.

Protect your car with reliable and comprehensive coverage from Bajaj General Insurance.

वारंवार विचारले जाणारे प्रश्न

Is first-party insurance mandatory?

No, first-party insurance is not mandatory under the law, but third-party insurance is legally required and is important under the Motor Vehicles Act of 1988.

What documents do I need to file the insurance claim?

To raise a claim under first-party car insurance, one must share the insurance policy details, FIR (in case of theft or accident), vehicle registration certificate, driving license, and any other relevant documents related to the claim.

Which insurance is the best, first-party insurance or third-party insurance?

The best insurance depends on an individual’s needs and preferences. First-party insurance also includes comprehensive coverage for your vehicle and personal well-being. Meanwhile, third-party insurance comes with legal requirements and covers third-party damages in an accident.

How can I reduce my car insurance premium?

There is an option in which you can reduce your first-party car insurance with the premium option by selecting options for higher deductibles, maintaining a good driving record, installing anti-theft devices, and bundling policies, with available discounts, offered by insurance companies, which are mostly based on factors like age, profession, and safety features of your vehicle.

What documents are required to file a car insurance claim?

To file a first-party car insurance claim, you need to submit several important documents. These include the car insurance policy document, a filled claim form, and the car’s registration certificate (RC). If the situation involves theft or a major accident, an FIR may also be required. Additionally, you must provide a valid driver’s license and all relevant repair bills and estimates for the damages incurred. Submitting these documents promptly can help speed up the claim settlement process.

How can I reduce my car insurance premium?

You can reduce your first-party car insurance premium by increasing voluntary deductibles, maintaining a No-Claim Bonus (NCB), installing approved anti-theft devices, selecting only necessary add-ons, and comparing plans across insurers for better pricing.

*प्रमाणित अटी व शर्ती लागू

अस्वीकरण: इन्श्युरन्स हा विनंतीचा विषय आहे. लाभ, अपवाद, मर्यादा, अटी व शर्तींविषयी अधिक तपशीलासाठी, कृपया सेल्स पूर्ण करण्यापूर्वी सेल्स ब्रोशर/पॉलिसी मजकूर काळजीपूर्वक वाचा.