Get your credit score and credit report instantly for FREE!
1800 270 7000
Download
Insurances 
INVESTMENTS 
LOANS 
PAYMENTS 
QUICK SERVICES 
HEALTH INSURANCE 
PLAY STORE
APPSTORE
Health Insurance
Housing Finance
Life Insurance
Mutual Funds
Personal Insurance
SME Finance
Stock & Securities
Home LoanFind customised home loan solutions for your unique needs
Balance TransferFind a better interest rate for your existing home loan
Top up Home LoanGet a loan on your existing home loan to meet your needs
Loan Against PropertyTurn your assets into a financial ally
Personal LoanMeet all your dreams and needs with a collateral-free Personal Loan
Flexi LoanMake loan repayment flexible and hassle-free with Flexi Loans
Are you eligible for a Personal Loan? Find out now!
Calculate Now
Debt FundsDiversify your portfolio and reduce risk with Debt Funds
Equity FundsInvest smartly in Equity Funds to aim for higher returns
Hybrid FundsDiversify your portfolio and reduce your risk with a mix of equity and debt
Retirement FundsGoal-oriented fund with a lock-in period to create a corpus for retirement
Children’s FundsSecure your child’s financial future with solutions-oriented children’s funds
Exchange Traded FundsUnlock a smart, hassle-free way to invest in various assets
Fund Of FundsChoose the smart way to diversify risks and grow investments
Index FundsFollow the benchmark of smart investors to grow your wealth
Calculate wealth creation through lumpsum investment in Mutual Funds
Calculate Now
Equity TradingInvest or trade in equity for attractive returns and long-term capital growth
Margin Trading FacilityGet up to 5X leverage on leading stocks & increase your trading power
BondsGive your portfolio stability with attractive returns
Term InsuranceBring security and peace to life’s unpredictability
Retirement PlansGet a guaranteed regular pension plus lump sum on plan maturity
Savings PlansGet a guaranteed regular pension plus lump sum on plan maturity
ULIP PlansGet the benefits of insurance & wealth creation in one convenient plan
Find out how much life insurance you need with our Human Life calculator
Calculate Now
Health & Wellness PlansMake quality health care affordable and accessible
Super Top-up PlansGet extra coverage when you need it most
Life Insurance
Health Insurance
Mutual Fund
Home Finance
Personal Finance
Stocks & Securities
PLAY STORE
APP STORE
Car Insurance
Own damage cover- Third-party liability insurance
- Comprehensive coverage against risks
Why take Car Insurance from ABC ?
Aditya Birla Capital offers instant car insurance plans that not only fulfil the legal mandate of owning the policy but also provide comprehensive protection. Also, you can choose from optional add-ons to increase the scope of your policy and enjoy peace of mind.
Features and Benefits
Value added services
Know your vehicle
Get about your challan details
Get PUC Expiry timely reminders
Pay as you Drive
Pay only for what you drive.
Premiums based on kilometres driven
Save on the premium if you use your car less frequently
From Quote to KYC
Everything Digital
Attractive premium discounts
Enjoy discounts on your comprehensive car insurance policy for No Claim Bonus (NCB), membership in an automobile association, installation of safety devices, and more.
What's Included?
Get coverage for the financial liability suffered if your car causes physical injury or death of another individua
Property damage due to the insured car is covered up to Rs.7.5 lakhs
Damages suffered due to earthquakes, floods, lightning, roadslides, landslides, hurricanes, typhoons, cyclones, storms, tempests, etc.
Damages suffered due to fire, burglary, strikes, malicious acts, riots, etc.
Financial loss suffered due to the theft of the car
Damages suffered when the car is being transported by land, air, road or rail
Accidental death or permanent disablement suffered by the owner/driver
What's Not Included?
Depreciation due to age
Normal wear and tear of the car
Driving under the influence of intoxicating substances
Driving without a valid driving licence
Driving outside the borders of the Indian territory
Usage of the car in violation of its limitations of use
Consequential losses
Mechanical and electrical breakdowns
War and nuclear perils
Illegal activities
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
Add Riders for Extra Protection
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.
Aditya Birla Sun Life Insurance Customer
Due to seamless branch support and timely communication from ABSLI, my maturity payout process was quite smooth.
Aditya Birla Sun Life Insurance Customer
Haryana, India
Aditya Birla Sun Life Insurance Customer
Entire surrender process was quite smooth with timely documentation and payout. Great experience!
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
PLAY STORE
APP STORE
Scan the QR code to download our Mobile App
Table of Contents
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 ?
-
Comprehensive, standalone own-damage and third-party plan options
-
New cars are insured for 3 years under third-party cover
-
Lump sum benefit paid in the case of accidental death or disablement
-
Covers unlimited liability for third-party deaths
-
Offers cashless and reimbursement claims
What are the benefits of Car Insurance ?
Coverage against legal liability
If your car causes injury, death or property damage to another individual, you are held financially responsible for their loss. The car insurance policy covers this loss.
Financial security
With the financial compensation allowed under car insurance, you get financial security against possible accidents or mishaps involving the car.
Fulfils legal mandate
The car insurance policy fulfils the legal mandate of having your car insured. You can avoid legal fines and penalties when you have a car insurance policy
Affordable
The premiums of the policy are affordable, and the available discounts also lower the premium outgo
Add-ons enhance coverage
Comprehensive car insurance plans offer a choice of riders which enhance the coverage and provide added financial security
Common Car Insurance terminologies ?
IDV
Short for Insured Declared Value. It represents the car’s value after factoring in age-based depreciation.
Compulsory deductible
The part of the claim that the policyholder compulsorily bears while the insurer pays the rest.
Voluntary deductible
The part of the claim that you voluntarily undertake to pay from your pockets over and above the compulsory deductible
Add-ons
Optional coverage features that enhance the scope of the policy and are available at an additional premium
No Claim Bonus (NCB)
A premium discount is allowed on renewals for not making claims in the previous policy years.
What factors affect the car insurance premium ?
-
Type of policy
comprehensive plans charge a higher premium than third-party plans.
-
IDV
Higher the IDV, higher the premium.
-
Age of the vehicle
The older the car, the lower the premium.
-
Registration location
Cars in metros attract higher premiums.
-
Claim history
Premiums are higher if claims have been made in past years.
-
Make, model and variant
It determines the car’s value, which affects the premium
-
Available discounts
Discounts reduce the overall premium.
How is the IDV calculated under car insurance plans ?
IDV is calculated by the following formula
IDV = (market value of the car - depreciation) + (value of accessories - depreciation on accessories).
Depreciation is determined as follows
| Age of the Car | Depreciation rate |
| Less than 6 months | 5% |
| More than 6 months but less than a year | 15% |
| More than a year but less than 2 years | 20% |
| More than 2 years but less than 3 years | 30% |
| More than 3 years but less than 4 years | 40% |
| More than 4 years but less than 5 years | 50% |
| More than 5 years | Agreed mutually between the policyholder and insurance company |
How much No Claim Bonus is available under Car Insurance plans?
-
After one claim-free year - 20%
-
After two successive claim-free years - 25%
-
After three successive claim-free years - 35%
-
After four successive claim-free years - 45%
-
After five successive claim-free years - 50%
Boost health coverage with top up plans
-
Coverage up to Rs.1 crore
-
Buy online at affordable premiums
Increase trading volume, leverage stock
-
Buy stocks on NSE/BSE
-
Cash or pledged stocks for margin trading
FAQs on Car Insurance
Some of the common discounts that you can get include NCB discount, online purchase or renewal discount, discount for installing safety devices in the car, discount for a good driving history, discount for choosing voluntary deductible, etc.
It's an endorsement that comes with an extra charge. For instance, if you change the owner, add an LPG/CNG kit, or update the RTO location, you'll need this type of endorsement, and it will increase your premium.
It's an endorsement that doesn't cost you extra. For instance, if you need to fix contact details, correct the engine/chassis number, or add hypothecation, these changes won't increase your premium.
An endorsement is a written proof of an agreed-upon change in the policy. It's a document that records alterations in the policy terms. Any extra cost will be added as needed.
ARAI stands for Automotive Research Association of India. If you have an ARAI-approved anti-theft device in your vehicle, certified by the agency, you can get a discount on the Own Damage (OD) premium.
Other Plans
