A car is an asset that everyone loves to own. In India. Buying a new car is a significant occasion in a lot of people’s lives. So, to maintain it in good condition is also crucial. Car maintenance costs are increasing day by day. Therefore, it is our responsibility to take care of our vehicle. Motor insurance protects you against damage caused to your vehicle or the third party if the policyholder met with an accident. It is a contract between the policyholder and the L and T Insurance company. In this, the insured agree to pay the premium, and the Insurance company agrees to pay your losses as mentioned in your policy. Therefore, L and T Car Insurance ensures both Policyholder and their vehicle are safe and secure.
It’s illegal to drive a car without having car insurance in many countries. Without having car insurance, you can’t pay tax for your vehicle. The L and T Car Insurance not only provides cover for you but also the third party members. Immediately After Buying the car, you should accept a Car Insurance. Whether it is a Natural Disaster or somebody damages or steals your car, L and T Car Insurance plan will take care of it. Along With compulsory factors like Third Party liability, the policyholder can ensure that any damage to another person’s property by your vehicle also covers in that claim. Motor insurance provides property, liability and also Medical coverage:
- Property coverage pays for damage to the car or theft to your vehicle
- Liability coverage pays for the policyholder’s legal responsibility to the third party for bodily injury or any property damage
L & T General Insurance Company
L & T General Insurance Company Limited is an auxiliary of Larsen & Toubro Limited. Larsen & Toubro Limited is a Multinational Company. L & T General Insurance Limited Head Quarters has located in Mumbai, India. Larsen & Toubro was started by two Danish Engineers Soren Kristian Toubro & Henning Holck-Larsen in 1938. L & T has expanded its business in Engineering, Information Technology, Manufacturing Goods, Construction, and Financial services.
L and T Car Insurance Policy is one of the the best Insurance policies to make your journey a comfortable and hassle-free one. The L & T Private Car Insurance offers coverage for an occurrence of any risk to your vehicle. Personal Accident Policy provides benefits to the policyholder and their family also. L and T Car Insurance also provides the health cover for personal accident policy. For Detailed information regarding Larsen and Toubro Car Insurance, visit the official website: www.ltinsurance.com.
It is not an easy task to choose the best insurance protection policy for Your Car! So, to make your selection process easy we have provided the Key Features of L and T Policy. According to Law, The Motor Insurance is must and should, Private Car Package Policy brings you the option of choosing from a wide range of covers and deductible choices.
- When an unexpected accident occurs, the company will provide the Medical Expenses
- Damage and Loss to your vehicle due Natural Disasters, Burglary, Theft, Explosions and any damage during Transit
- Cashless claim settlement across over 1000 authorised network of garages.
- Accident by any external means.
- The Coverage is against financial liability caused by injury or death of a third party individual or any damage to the property.
- During that time, if the vehicle transported by road, rail, inland waterways, air or lift.
Inclusions of L and T Private Car Package Policy
The Car Insurance policy from L&T Insurance covers your prized asset from all possible dangers of the outside world
- Accident by any external means
- When Burglary or Theft of the vehicle happens
- In case of Fire, Explosion, Self-Ignition, Lightning
- When the Terrorist Attacks, Riots, Strikes, Malicious Acts takes place
- While the vehicle is on road, rail, inland waterways, air or lift
- In case of Earthquake, Floods, Storms, Landslides or Rockslides
The IDV (Insured declared value) of your car and the coverages depends on the amount of coverage you have opted for. The L&T car insurance policy also protects the policyholder from legal claims made by a third party who has been injured or whose property was damaged in an accident involving the policyholder’s car. Property damage is upto the extent of Rs 750,000. When the Third Party individual met with an accident involving your vehicle, the coverage amount is unlimited
In the case of Accidental Death and Permanent Total Disability, The Owner of the vehicle who drives the car will get an amount of Rs. 2,00,000.
L and T Car Insurance Exclusions:
The L and T General Insurance Company will reject the claims in some cases. They are
- If we use the car outside India, then the Policyholder’s claim is not valid. To make this correct, the policyholder can opt for the add on cover for the geographical extension.
- Any other financial loss sustained by the insured as a consequence of the accident.
- Driving without a valid driving license
- If the driver does not possess a valid driving license at the time of the crash, the Insurance company will not accept the claim.
- When the Driver is under the influence of liquor, Intoxicants, Drugs at the time of the accident, the company will not release the claim amount.
- When the policyholder does not intimate, Any accidental damage or liability happens due to any agreement about the vehicle.
- My: Asset Private Car Package policy is for private use only.
- Any accidental damage or liability that occurs when we use the vehicle for hire or reward, Carriage of goods, Organized racing, Speed Testing, Reliability Trials, Use in connection with Motor Trade.
- My: Asset, Private Car Package Policy, covers you for damage to the vehicle on account of accidents only. Therefore the company will not cover any expenses due to mechanical or electrical breakdown.
- If the damage or loss is due to War invasion, Nuclear fission, Radioactive contamination.
Premium Calculator for L & T Private Car Package Policy
Calculate the premium and Maturity Benefit for the any L & T General Insurance plan online. Personal Details are required to check the Premium. Therefore, we have provided the list of required details. The Required Details include
- Date Of Birth.
- Policy Term.
- Premium Paying Term.
- Sum Assured.
Therefore, the interested customers can check their Premium Amount online using the given details.
L & T General Insurance Buying Process
In olden Days, purchase a policy the customer should visit the nearest Branch office or should consult an Agent. But now you can also buy a plan of your choice through online. So, the customers can avail any of the three options to purchase a new insurance plan for their car.
- Visit the Official Site of L and T General Insurance Company
- In the homepage, opt a plan of your choice.
- It will navigate you to a new page.
- Fill in your complete details in that place and Buy your policy without any strain.
Renewal Process for L and T Private Car Package Policy
Every policy has an expiry period. After that period the policyholder can renew their policy. So, Learn the Renewal process of L and T Car Insurance. L and T Car Insurance Renewal is possible in two ways. They are through offline, and another is through online. For offline renewal, the policyholder should visit the L & T General Insurance Branch Office within the grace period. The Insured should fill the forms. To make renewal process much easy for the customer, L & T Private Car Package Policy offers L & T Online renewal option. L & T General Insurance renewal through online is an easy process when compared to the offline process. Therefore, L & T General Insurance renewal option assist the customer to renew your L & T car Insurance Policy through online.
For Online Renewal fill in the Following Details
- Name of the Customer
- Policy Number
- Expiry date of existing Policy
- Mobile Number
- E-mail Id
Claim Process for L & T General Insurance Policy
- First of all, don’t leave the vehicle unlocked after the accident.
- If the third party is involved, note down the vehicle number of the third party.
- Please arrange a towing vehicle, if the vehicle is not in a moving condition.
- Take your vehicle to the nearest garage of your choice.
- Call to the toll-free number 1800-209-5846 (1800-209-LTIN), within 24 hours of the accident,
- Give your policy number and report of the accident
- The L and t Company will send a surveyor to the garage, on receipt of your claim request.
- Do not start repairs to the car without Inspection report by L&T Insurance Surveyor.
- Fill the claim form and submit it to the surveyor.
- The surveyor will authorise the repairs based on the terms and conditions of the policy.
- In the case of CASHLESS claim, you will have to pay the policy excess and depreciation amount.
- In the event of reimbursement, you will have to make payment and take delivery of your car.
- Submit all the original bills and receipts. L&T Insurance will reimburse money as per the Private Car Package policy terms and conditions.
- Most people forget to insure the Air conditioner and music system at the time of renewing their car insurance policy. For a relatively small premium, you can cover them also.
- You can also cover the Non-electrical accessories such as seat covers and alloy wheels.
- You have the option to purchase an additional personal accident Insurance for you and other passengers. Each person can get a cover of Rs 2,00,000
- You can also cover your paid driver.