Liberty Videocon Car Insurance is a Motor Insurance Policy offered by Liberty Videocon General Insurance Company to Cover the Loss / Damage Caused to your Vehicle due to Unfortunate Accidents. Liberty Videocon Private Car Insurance Policy makes your Journey Hassle-Free. Interested Customers can buy the Liberty Videocon Motor Insurance through Online or Offline Mode. So why are you waiting? Buy a New Private Car Package Policy and enjoy your Ride without any Tensions.
Liberty Videocon Car Insurance Review
Life is full of unexpected surprises. Nowadays, there is no guaranty to the life of the Person. Unexpectedly at any point of time sudden event may occur which causes the death or loss of the Insured due to Accident. Why should we risk our life for a Simple Accidents? Get a Liberty Videocon Motor Insurance Plan and enjoy hassle free Journey with your loved ones. Liberty Videocon Car Insurance Policy Provides Personal Accident Coverage along with the Damage/Loss Cover to your Vehicle. The Policy also Protects against any legal liability in case of Death or Damage caused to the Third Party Property.
Liberty Videocon General Insurance Company offers Various Insurance Products to meet the needs of the Customer. Liberty Videocon Motor Insurance is also one of the Insurance Policy offered by Liberty Videocon Insurance Company to protect you against the Unforeseen Accidents. The Registered Owners of any Car are eligible to take this Liberty Videocon Private Car Insurance Policy. Liberty Videocon General Insurance Company also offers Claim Settlement for Car Insurance which is hassle free, during the Policy Period with some Terms and Conditions. The below article provides the information regarding the Coverages, Exclusions, Addons related to Liberty Videocon Private Car Insurance Policy.
Features & Benefits of Liberty Videocon Car Insurance
- Cashless Claim Service & Hassle Free Inspection at more than 1900 Liberty Videocon network garages.
- You can transfer existing No Claim Bonus from any insurance provider.
- Claim settlement within 7 working days.
- Through different add-on covers, the Insured can avail the additional convenience & protection.
- Liberty Videocon Car Insurance Policy provides Legal Liability to the Paid Driver.
- The Insured can use the telephonic service for effective claims assistance & support even on holidays & Sundays, all available on a toll-free number.
- You can renew the Liberty Videocon Private Car Insurance Policy Online at the official website.
- An Additional Discount is available for ARAI Anti-Theft Devices installed in the vehicle.
- The Company also provides the Additional Cover for Loss of Accessories.
- The Policy can be bought online using the debit/credit card/net banking.
Liberty Videocon Private Car Insurance Coverages
There are two types of Coverages available under Liberty Videocon Car Insurance Policy, They are
- Liability Only Cover.
- Package Policy.
Liability Only Cover:
- The Policy Insures you against Legal Liability if your Vehicle involves in any Accident.
- Legal Liability to the person employed.
- Personal Accident cover is provided to the Insured or any named or unnamed passenger.
- Liberty Videocon Insurance Policy Covers the following risks for Third Party Liability Insurance.
- Loss caused due to Injury or Death of a Third Party.
- Damage caused to the property of the Third Party by your Insured Vehicle.
- Unlimited Amount is provided in case of death of the Third Party.
- It Provides Coverage upto 7.5 Lakhs for Property Damage of Third Party.
Liberty Videocon Car Package Policy is a comprehensive Motor Insurance policy. This Policy provides Coverage for both damages to your own vehicle or Third Party, co-passengers or self. The Liberty Videocon Private Car Policy Covers the Loss caused to the Insured Vehicle caused due to
- Damage or Loss to the vehicle due to:
- Theft or Housebreaking.
- External explosion.
- Strike and Riot.
- Rockslide, Flood, Earthquake, landslide, cyclone and inundation.
- By accidental external means.
- Malicious Act.
- Whilst in transit by air, rail, road, lift, elevator.
- Liability for third party injury or death and damage caused to their property.
- Personal accident cover in case of loss of sight or limb, death or disablement.
- By paying an additional premium, the Insured can opt for extra cover in case of:
- Personal accident cover for any named or unnamed passenger(s) and the Insured.
- Indemnity granted to trailers.
- Legal liability to the person employed (paid driver /cleaners).
- Damage or Loss to electrical and non-electrical accessories.
- Cover for tubes/tires, lamps, mudguards, etc. and paintwork of the damaged portion.
Exclusions of Liberty Videocon Car Insurance Policy
Liberty Videocon Private Car Insurance Policy does not cover any Loss due to
- Depreciation of wear and tear.
- Electrical or Mechanical breakdown.
- Consequential loss.
- The Vehicle outside the Geographical Area.
- Claims arising out of any contractual liability.
- Nuclear perils, War perils and drunken driving.
- Damage or Loss covered under manufacturer ’s warranty or part of manufacturer ’s recall.
- When driven by a person other than the driver stated in the driver’s clause
- Loss or damage to the gearbox and/ or engine due to delay in intimation to the insurer or delay in retrieval of the insured vehicle from water clogged area.
Along with these Exclusions, Liberty Videocon Insurance Company deducts its Coverage at some rate on different Parts of the Vehicle. The Rate of Depreciation offered by Liberty Videocon General Insurance Company is available below.
Depreciation Rates for Liberty Videocon Car Insurance
- All rubber / plastic/ nylon / tyres/ tubes/ air bags/ batteries – 50%.
- Fibreglass components – 30%.
- All parts made of glass – NIL.
Rate of depreciation for all other parts including wooden parts will be as per the below table
|Age of Vehicle||% of Depreciation|
|Not exceeding 6 months||NIL|
|Between 6 months and 1 year||5%|
|Between 1 and 2 years||10%|
|Between 2 years and 3 years||15%|
|Between 3 and 4 years||25%|
|Between 4 years and 5 years||35%|
|Between 5 years and 10 years||40%|
|Exceeding 10 years||50%|
Addon Covers of Liberty Videocon Motor Insurance
Liberty Videocon General Insurance Company is offering several Additional Coverages for Car Insurance. The Addon Covers available under Liberty Videocon Private Car Insurance are as follows
- Roadside Assistance Cover: The Customer of Liberty Videocon can avail the roadside assistance for the accidental and mechanical breakdown of the Vehicle.
- Consumable Cover: The Consumable Items like bearings, grease, engine oil, lubricants clip, fuel filter, air conditioner’s gas, oil filter, nut and bolt, washers, break oil, screw are reimbursed by the Company.
- Depreciation Cover: The Policy covers a comprehensive coverage for your vehicle. This cover provides full claim without any deduction for depreciation on the value of parts replaced. If your car is damaged, for instance, and you file a claim under this car insurance, it will be covered for the entire cost.
- No Claim Bonus (NCB): Liberty Videocon Insurance Company is offering a No Claim Bonus on Claim Free Renewals.
- Discount on Anti-Theft Devices: The Company offers an Additional Discount on Automobile research association of India approved Anti-Theft Devices.
- Third Party Liability Coverage: The Liberty Videocon Car Insurance covers up to Rs. 7.5 Lakhs and provides Legal liability on Damage or Death to the Third Party Property.
Personal Accident Cover for Owner / Driver
Along with the above Additional Coverages, the Insured can also get the Personal Accident Cover under this Policy. Under this cover, the Driver or Owner of the Vehicle will be Insured. The Liberty Videocon General Insurance Company will pay the Compensation for bodily injury or death of the owner / driver of the vehicle.
The Rate of Compensation under personal accident coverage is available in the below table
|Nature of Injury||Compensation Scale|
|Loss of one limb and sight of one eye or two limbs or sight of two eyes||100%|
|Loss of sight of one eye or one limbs||50%|
|Permanent Total Disablement from the injuries other than named above||100%|
How to buy Liberty Videocon Car Insurance Plan?
Interested Users can buy the Liberty Videocon Private Car Insurance Policy at the official website www.libertyvideocon.com by entering Details of Vehicle, Personal Details. The Insured can also buy the Liberty Videocon Four Wheeler Insurance Policy by visiting the nearest Liberty Videocon Branch Office or, from the Agent of Liberty Videocon General Insurance Company. But buying the Policy online is easy & flexible compared to offline Buying Process. You need to follow the below Steps to buy the Liberty Videocon Car Insurance Policy Online.
Steps to Buy Liberty Videocon Private Car Package Policy
- Visit the Official website www.libertyvideocon.com
- Click on Products -> Private Car Insurance.
- Now you can buy the Car Insurance Policy Online.
- Enter your Vehicle Details and Calculate the Premium.
- Check the Premium Click on Continue.
- Now Enter your Contact Details and Personal Details.
- Confirm the Details and Proceed to Pay Premium.
- You will get Policy Instantly after paying the Premium.
Liberty Videocon Car Insurance Claim Process
In the case of unfortunate accidents to your vehicle, the Insured need to follow the below Steps for Prompt Claim Settlement.
- You must Intimate about the Loss to the Policy Issuing Office immediately after the Occurrence of Loss.
- In the case of the loss occurred due to Theft, Fire, Burglary, Damage to Third party, Accident, Flood, Earthquake, inundation etc, you must first lodge a FIR to the nearest Police Station.
- Download the Claim form from the official site or collect from the nearest branch office.
- Read it thoroughly and fill the Claim Form with Correct details.
- Submit the duly filled Claim Form at the Liberty Videocon Office either directly or by an authorised Agent along with documents required /asked for.
- The Policy Issuing Office will send Loss Assessor/Surveyor to the Spot, if necessary.
- The Surveyor will assess the Loss and Submit the Report to the Policy Issuing Office.
- The Liberty Videocon General Insurance Company will settle the Claim and made the Payment to the Insured.
Documents required for Claim Process
- Name of the Insured.
- Vehicle number.
- Name of the driver.
- Date and time of the accident.
- Medical and financial assistance in case of emergency situations.
- Policy number.
- Contact number.
- Estimation loss.
Liberty Videocon Car Insurance Renewal Process
The Insured can Renew the Liberty Videocon Car Insurance through online at the official website by following the below simple steps. You can also renew your Private Car Insurance plan by visiting the Liberty Videocon General Insurance Company nearest branch. But Online Renewal Process is the flexible and easy process.
Steps to Renew Liberty Videocon Car Insurance Online Renewal
- Visit the Official website www.libertyvideocon.com
- Click on Motor -> Liberty Videocon Private Car Policy.
- Enter Policy Number, Email Id and Click on Next.
- Then the Insured will redirect to Online Renewal Page.
- On Renewal Page you can see the Premium Amount you need to Pay to renew the Car Insurance Policy.
- Check the Premium and Pay through online Using Net Banking/Credit Card/Debit Card.
Liberty Videocon Car Insurance Premium Calculator
You can calculate the Minimum Premium that has to be Paid to take the Private Car Package Policy by using the Liberty Videocon Car Insurance Premium Calculator. The Amount of Premium Paid will Depends on the Vehicles Age, and any Extra Coverages you have opted for. You need to enter the below Information to buy Liberty Videocon Car Insurance.
- Vehicle Details.
- Cubic Capacity.
- Add on Covers.
- Geo-Graphical Zone.
- Age of the Vehicle.
- Personal Details.
- Contact Details.
FAQ’s on Liberty Videocon Private Car Insurance Policy
1. What is Sum Insured Declared Value?
Ans: The Sum Insured Declared Value is calculated as manufacturers selling price minus depreciation.The IDV of the vehicle is fixed based on manufacturer’s listed selling price of the brand and model of the vehicle.
Depreciation for fixing the IDV (Insured declared value) of the vehicle in Liberty Videocon Car Insurance
|Age of the Vehicle||% of Depreciation for fixing IDV|
|Not exceeding 6 months||5%|
|Between 6 months and 1 year||15%|
|Between 1 year and 2 years||20%|
|Between 2 years and 3 years||30%|
|Between 3 years and 4 years||40%|
|Between 4 years and 5 years||50%|
For More Information please refer Liberty Videocon Car Insurance Brochure