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About Us

Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 66,000 employees, the businesses of ABCL have a nationwide reach with over 1,742 branches and more than 200,000 agents/channel partners along with several bank partners.

Nationwide Branches

1,742

No. of Employees

66,000

Agents/Channel Partners

2,00,000+

Aggregate Assets

INR 6 Lakh Cr

Consolidated Lending Book

INR 1.90 Lakh Cr

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All You Need To Know About Insurance Policy

All You Need To Know About Insurance Policy

All You Need To Know About Insurance Policy

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What is Car Insurance?

Car insurance is a contract between you and an insurer that financially protects you in case of accidents, theft, or damage to your vehicle. In India, it’s also a legal requirement—every car owner must have at least third-party coverage to drive on public roads. With traffic on the rise and roads becoming busier, having the right car insurance policy gives you peace of mind every time you drive. Whether you're exploring car insurance for a new car, planning a smooth car insurance renewal online, or ready to buy car insurance online, the right plan keeps you protected

Choose The Right Option

Own damage four-wheeler plan

Available if you have an existing third-party policy
Covers only the damages suffered by the car
Offered for one year
Range of optional add-ons to boost the coverage like Personal Accident, Zero Depreciation and more

Third-party liability plan

Annual or 3-year coverage
Covers third party liabilities
Low premiums as determined by the IRDAI (Insurance Regulatory and Development Authority of India)

Comprehensive car insurance plans

Covers both own damage and third party liability
Personal accident coverage
Optional add-ons to boost coverage

Types of Car Insurance Policy in India

Every car owner has different needs when it comes to protecting their vehicle. That’s why it’s important to understand the main types of car insurance policies available in India, so you can make an informed choice based on your usage, budget, and level of protection required.

Third-Party Car Insurance

This is the most basic and legally mandatory form of four-wheeler insurance. It covers any damage caused to another person or their property due to an accident involving your vehicle. It also includes compensation in the event of injury or death of a third party. While this type of car insurance policy doesn’t cover any damage to your own vehicle, it ensures you stay compliant with the Motor Vehicles Act.

Own Damage (OD) Insurance

This standalone cover is designed to protect your own vehicle against damage resulting from accidents, theft, fire, natural disasters, and more. It’s ideal if you already have a third-party policy and want to enhance your protection. Premiums are calculated based on your car’s Insured Declared Value (IDV) and age.

Comprehensive Car Insurance

This is an all-in-one policy that covers both third-party liabilities and own vehicle damage. It also offers the flexibility to include add-ons like Zero Depreciation, Engine Protection, Roadside Assistance, and more. Comprehensive insurance is highly recommended for those looking for complete peace of mind and extensive coverage under one plan. It is often considered among the best car insurance policy choices available today.

Personal Accident Cover

This cover provides financial protection in case of injury, disability, or death of the owner-driver due to a road accident. While it doesn’t cover medical expenses, it offers a fixed lump sum payout for specific situations. As per regulations, this cover is mandatory and must be included with any car insurance plan—unless already active under another vehicle policy.

Zero Depreciation Insurance

Available as an add-on with a comprehensive car insurance policy, Zero Depreciation ensures you receive the full claim amount without any deduction for depreciation on car parts. It’s especially useful for new or high-value vehicles, but many insurers extend it to cars up to 7–10 years old. It significantly improves your claim benefits and is a smart choice for cost-conscious 4-wheeler insurance buyers. Whether you're buying a new vehicle or going for a car insurance renewal online, it's simple to choose the right coverage tailored to your needs.

What Is Not Covered by a Four-Wheeler Insurance Policy?

While a car insurance policy offers vital protection, knowing the exclusions is equally important. Here’s what is not covered under standard plans:

Mechanical Breakdown

Any electrical or mechanical failures that aren't a result of an accident are excluded from coverage.

Wear and Tear

Natural ageing, rusting, and gradual wear and tear of your vehicle are not covered.

Driving Under Influence

If the driver is found under the influence of alcohol or drugs during the accident, the claim will be denied.

Using a Car for Commercial Purposes

Policies meant for private vehicles don’t cover damages incurred while using the car for commercial or rental purposes.

Nuclear Risks

Loss or damage caused by nuclear events or radiation exposure is not included.

War and War-Like Situations

Any damage resulting from war, invasion, or military action is excluded from your policy.

What Is Covered Under a Four-Wheeler Insurance Policy?

A four-wheeler insurance policy, especially a comprehensive car insurance policy, offers wide-ranging protection for your car. It safeguards you from a variety of unfortunate situations, ensuring financial relief when you need it most. Here’s what’s typically covered:

Accidental and Collision Coverage

Covers repair or replacement costs if your vehicle is damaged in a road accident or collision.

Theft and Burglary

If your car is stolen or forcefully broken into, the insurer compensates you up to the Insured Declared Value (IDV).

Fire and Explosion

Provides coverage for damage or loss caused by fire, explosion, or self-ignition of the vehicle.

Natural Calamities

Includes protection from floods, earthquakes, landslides, cyclones, and other natural disasters.

Riots and Strikes

Covers loss or damage resulting from riots, vandalism, political disturbances, and civil commotion.

Falling Objects

Protects your car from damage caused by falling trees, poles, or debris during storms or accidents.

Third-Party Liability

Covers legal liabilities arising if your car causes injury, death, or property damage to a third party.

Personal Accident Cover

Offers financial compensation to the owner-driver in case of permanent disability or accidental death.

Plans & Reasons to Buy Car Insurance Online

We’re committed to making your car insurance online experience faster, smarter, and more rewarding. Here's why buying your policy online is the preferred choice for millions of Indian four-wheeler insurance owners:

Benefit	Why It Matters
Cost Savings	Online policies are cheaper as they avoid agent commissions and office overheads.
100% Paperless Process	No lengthy forms or documentation, just fill in your details and you're good to go.
Time-Saving & Convenient	Skip the queues—buy car insurance online anytime, anywhere from the comfort of your home.
Instant Policy Issuance	Get your policy in minutes, directly to your email and phone.
Secure Digital Backups	Never worry about losing your policy—your documents stay safe in your inbox.
Easy Comparisons	Compare car insurance quotes, features, and add-ons from top insurers instantly.
Automated Renewal Reminders	Stay protected year after year with timely reminders via SMS and email.

How to Buy Car Insurance Online?

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Step 3

Compare car insurance quotes from top insurers, select useful add-ons like Zero Depreciation, and adjust your IDV.

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Step 4

Choose the best plan that fits your needs and pay the premium using UPI, debit/credit card, or net banking.

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Enter your car’s registration number and other required vehicle details.

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Step 5

Your policy is instantly issued and sent to your email. Need help? Our support team is just a tap away.

How to Renew Car Insurance Policy Online?

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Step 3

Compare renewal options, select useful add-ons, and update your IDV (ideally not more than 10% lower than last year).

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Your renewed policy is instantly issued and sent to your email and app.

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Enter your car’s registration number and previous policy details.

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Step 5

Your policy is instantly issued and sent to your email. Need help? Our support team is just a tap away.

How to Claim Car Insurance?

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Step 1

Inform your insurance provider about the incident via toll-free number or email.

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Step 3

Get a repair estimate from a garage and have the insurer’s surveyor inspect the vehicle.

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Step 4

Move the car to a network garage for repairs after the survey is complete.

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Submit the claim form along with necessary documents like RC, policy copy, and driving licence.

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Step 5

Submit the final invoice.
● For cashless claims, the insurer pays the garage directly.
● For reimbursement, share bills to get your money back

Check Your Eligibility

Before you invest in the plan, ensure you qualify and have the necessary documents.

Eligibility criteria

Identity Proof
- Aadhaar Card
- PAN Card
- Voter ID
- Passport
- Driving Licence
Address Proof
- Aadhaar Card, Voter ID, Passport, Driving Licence
- Utility Bill (Electricity/Water)
- Registered Lease Agreement

Eligibility criteria

Vehicle-Related Documents
- Registration Certificate (RC) of your vehicle
- Previous Insurance Policy (for renewals)

Photograph
- Recent passport-size photograph (only if requested)

Get Started with car insurance

How to buy?

Login in to the ABCD App
Go to the Motor Insurance homepage under the Insurance domain.
Enter your car’s registration number & other relevant vehicle details.
Compare various car insurance plans from leading insurers.
Select any suitable add-ons or update your Insured Declared Value as per the requirement.
Choose the plan that fits your pocket & fulfils your needs.
Get assistance from our call centre (if required).
Choose any mode of online payment to pay the premium amount.
Once the premium is paid, the policy will be instantly issued.

How to renew?

Login into the ABCD App
Go to the Motor Insurance homepage under the Insurance domain.
Enter your car’s registration number & other relevant car details.
Compare various car insurance plans from leading insurers.
Select any suitable add-ons or update your Insured Declared Value as per the requirement. Pro tip: Your IDV should be less than 10% less than Previous year policy.
Choose the plan that fits your pocket & fulfils your needs.
Get assistance from our call centre (if required)
Choose any mode of online payment to pay the premium amount.
Once Payment, your car policy will be renewed.

How to claim?

Inform about the damage to the insurance company on their toll-free number or email.
Fill & submit the claim form along with the required documents
Take an estimate of the repair of the damaged car.
The insurance company will send a surveyor to prepare a report
Based on the surveyor’s report, your car will be sent to the network garage for repairs.
Submit the repair invoice, payment receipt & other documents
If all the documents are in place, your car will get repaired in the insurer’s network garage and you get a cashless claim.
In case of reimbursement, pay the garage for the repairs & the amount will be reimbursed

Customer Satisfaction Stories

Hear from our customers what they have to say about their experience.

Mr. Manish Mandhani

Aditya Birla Sun Life Insurance Customer

Due to seamless branch support and timely communication from ABSLI, my maturity payout process was quite smooth.

Mr. Bansal

Aditya Birla Sun Life Insurance Customer

Haryana, India

Mr. Sandip Prajapati

Aditya Birla Sun Life Insurance Customer

Entire surrender process was quite smooth with timely documentation and payout. Great experience!

Mr. Ganvit

Aditya Birla Sun Life Insurance Customer

Gujarat, India

ABCD - One app for
all your insurance needs

Secure your vehicle against loss, damages and third-party liabilities. Buy motor insurance plans in a few steps with the ABCD app.

Choice of plans for both bikes and cars
Simple online process to buy and renew motor insurance
One-click premium payments and instant policy issuance

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Understanding Car Insurance

Table of Contents

What is Car Insurance ?What are the features of Car Insurance?What are the benefits of Car Insurance?Common Car Insurance terminologies?What Factors Impact Insured Declared Value (IDV) in Car Insurance?How is the IDV calculated under car insurance plans?How much No Claim Bonus is available under Car Insurance plans?

What is Car Insurance ?

Car Insurance is an insurance policy for private cars. It covers the damages the car might suffer and compensates for the financial loss.

Car Insurance also covers damages caused by the car to third parties and pays the underlying financial liability on your behalf.

Every car must have a car insurance policy to run on Indian roads legally.

What are the features of Car Insurance ?

A car insurance policy offers several essential features that help protect your car and finances in case of accidents, theft, or third-party damage. Whether you choose comprehensive, own-damage, or third-party cover, the features offer peace of mind on the road.

Multiple Plan Options : Choose between comprehensive, third-party, or standalone own-damage plans based on your needs.
Long-Term Third-Party Cover for New Cars : Car insurance for new cars includes a 3-year third-party policy as mandated by law.
Personal Accident Cover : Receive a lump sum benefit in case of accidental death or permanent disability.
Third-Party Liability Protection :Offers unlimited liability coverage for third-party injuries or deaths caused by your vehicle.
Easy Claims :Enjoy cashless claims at network garages or opt for reimbursement based on your convenience. Explore and buy car insurance online for quick access to these features from the comfort of your home

What are the benefits of Car Insurance ?

Having a car insurance policy is more than just meeting a legal requirement—it’s about protecting your finances and your vehicle. Here are some key benefits of choosing the best car insurance in India:

Legal Protection

Covers third-party injury, death, or property damage, helping you avoid legal and financial liabilities.

Financial Security

Covers expenses due to accidents, theft, natural disasters, and more, giving you peace of mind.

Legal Compliance

Buying a four wheeler insurance policy fulfils the law and helps avoid fines or legal trouble.

Affordable Premiums

Car insurance quotes are budget-friendly, and you can lower your premium through No Claim Bonus and other discounts.

Customisable Coverage

You can enhance protection with add-ons like Zero Depreciation, Roadside Assistance, and more. With ABCD, you can easily buy car insurance online or renew car insurance policy online with flexible options that suit your needs.

Common Car Insurance terminologies ?

Understanding basic terms helps you make informed decisions when you buy car insurance or check car insurance quotes.

Insured Declared Value (IDV)

Represents your car’s market value after depreciation and forms the base for premium calculation and claims.

Compulsory Deductible

A fixed amount you must pay out of pocket during a claim; the rest is covered by the insurer.

Voluntary Deductible

An extra deductible you choose to pay to lower your car insurance premium.

Add-ons

Extra features like Zero Depreciation, Engine Protection, and more that can be added to enhance your car insurance policy.

No Claim Bonus (NCB)

A discount on premium at renewal if no claims were made in the previous year. These terms are key when choosing the best car insurance policy and during car insurance renewal online.

What Factors Impact Insured Declared Value (IDV) in Car Insurance?

Your car’s IDV affects how much you’ll receive in case of total loss or theft, and also determines the premium for your car insurance policy.

Age of the car

Older cars have lower IDV due to depreciation.
Type of car

Different vehicle types like hatchbacks or SUVs have different market values.
City of registration

Cars in metro cities may have a different risk profile.
Depreciation rate

Standard depreciation rates by IRDAI are applied.
Additional accessories

Extra fittings like music systems or alloy wheels affect IDV.Always check your IDV while reviewing car insurance quotes or renewing your policy.

How is the IDV calculated under car insurance plans ?

IDV is calculated by the following formula

IDV = (Car’s current market value - depreciation) + (Value of accessories - depreciation on accessories).

This calculation is done by the insurer based on the make, model, and age of your car. The higher the IDV, the higher the premium you’ll pay, but you’ll also get better coverage.

Depreciation is determined as follows

Age of the Car	Depreciation rate
Less than 6 months	5%
6 months – 1 year	15%
1 – 2 years	20%
2 – 3 years	30%
3 – 4 years	40%
4 – 5 years	50%
More than 5 years	Mutually decided

Always review the IDV when you buy car insurance or during car insurance renewal online, especially to ensure the right premium and claim value

How much No Claim Bonus is available under Car Insurance plans?

A No Claim Bonus (NCB) is a reward given by insurers when you don’t make any claim during the policy year. It offers a discount on the premium when you renew your car insurance policy and encourages safe driving.

After 1 claim-free year: 20%
After 2 successive claim-free years: 25%
After 3 successive claim-free years: 35%
After 4 successive claim-free years: 45%
After 5 successive claim-free years: 50%

This discount can be availed when you renew car insurance policy online or even if you switch insurers. You must ensure the NCB certificate is transferred. With ABCD’s platform, you can track your NCB, view the best options for car insurance online, and buy car insurance with the right benefits and rewards built in.

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FAQs on Car Insurance

Yes, you can transfer your car insurance policy to the new owner. You’ll need to inform the insurer and submit ownership transfer documents.

Zero Depreciation cover lets you get a full claim without any deduction for part wear and tear. It’s ideal for new cars and highly recommended.

Yes, comprehensive car insurance covers natural disasters like floods, earthquakes, storms, and more—unless specifically excluded.

RTI cover pays the original invoice value of your car in case of total loss or theft. It bridges the gap between IDV and the actual cost.

Yes, you can buy car insurance even if your vehicle is not financed. Insurance is mandatory with or without a loan.

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Finish

Key Benefits

What is Car Insurance?

Choose The Right Option

Own damage four-wheeler plan

Third-party liability plan

Comprehensive car insurance plans

Types of Car Insurance Policy in India

Third-Party Car Insurance

Own Damage (OD) Insurance

Comprehensive Car Insurance

Personal Accident Cover

Zero Depreciation Insurance

What Is Not Covered by a Four-Wheeler Insurance Policy?

Mechanical Breakdown

Wear and Tear

Driving Under Influence

Using a Car for Commercial Purposes

Nuclear Risks

War and War-Like Situations

What Is Covered Under a Four-Wheeler Insurance Policy?

Accidental and Collision Coverage

Theft and Burglary

Fire and Explosion

Natural Calamities

Riots and Strikes

Falling Objects

Third-Party Liability

Personal Accident Cover

Plans & Reasons to Buy Car Insurance Online

Plans & Reasons to Buy Car Insurance Online

How to Buy Car Insurance Online?

How to Buy Car Insurance Online?

Step 1

Step 3

Step 4

Step 2

Step 5

How to Renew Car Insurance Policy Online?

How to Renew Car Insurance Policy Online?

Step 1

Step 3

Step 4

Step 2

Step 5

How to Claim Car Insurance?

How to Claim Car Insurance?

Step 1

Step 3

Step 4

Step 2

Step 5

Check Your Eligibility

Eligibility criteria

Eligibility criteria

Get Started with car insurance

How to buy?

How to renew?

How to claim?

Customer Satisfaction Stories

ABCD - One app for all your insurance needs

Understanding Car Insurance

What is Car Insurance ?

What are the features of Car Insurance ?

What are the benefits of Car Insurance ?

Legal Protection

Financial Security

Legal Compliance

Affordable Premiums

Customisable Coverage

Common Car Insurance terminologies ?

Insured Declared Value (IDV)

Compulsory Deductible

Voluntary Deductible

Add-ons

No Claim Bonus (NCB)

What Factors Impact Insured Declared Value (IDV) in Car Insurance?

Age of the car

Type of car

City of registration

Depreciation rate

ABCD - One app for
all your insurance needs