Car Insurance Benefits For Women Drivers


As more and more women gain financial independence, the number of female drivers in India is increasing. This is encouraging because it shows that our nation is moving in the right direction toward gender equality and recognising the idea of women’s empowerment.

Today, a large number of women hold executive positions in international corporations and are displaying high levels of competitiveness in all industries. They must also travel extensively by automobile to attend key meetings that must be held in several locations. This indicates that women have a similar demand for car insurance online to males.

Therefore, it is wise to choose extensive coverage because it will undoubtedly offer a wide range of services as needed by the circumstance. The following are a few benefits of getting car insurance:

  • Offers monetary compensation to the policyholder’s surviving relatives in the event of a fatal accident. It should be noted that the financial advantages in this case are insignificant.
  • Covers any potential legal costs resulting from any unintentional harm done to a third party. Additionally, your auto insurance will shield you from third-party liability claims and legal action.
  • You’ll need a place to stay the night if an accident results in the destruction of your car. Your auto insurance is designed to offer support during such occasions and also cover lodging costs, providing it has the roadside assistance add-on.
  • If your automobile breaks down in the middle of nowhere, you’ll need to have it towed to the closest garage. By selecting customer-focused service providers like Bajaj Allianz General Insurance, one may take use of this opportunity.
  • If there are any problems or accidents, you may have to hire a cab for transportation. If you have chosen the 24-7 assistance add-on, your auto insurance will reimburse you for the related expenses.
  • Your four-wheeler insurance coverage will also cover any damages to your car caused by fire or other natural disasters like floods and earthquakes.
  • If your automobile is stolen, we’ll give you the much-needed financial support.
  • Maintaining a spotless driving record will result in further savings and benefits. ##

Important terms for auto Insurance

NCB: No-Claim Bonus, or NCB for short, is a benefit given to insurance holders for maintaining a spotless driving record. This benefit is available when you renew car insurance, and the money received can be applied to future premium payments. *

IDV: This stands for Insurance Declared Value, and your insurer will decide what it is. The ultimate sum will be calculated taking into account the depreciating worth of your car. The percentage value of your car’s rate of depreciation will be shown. The easiest method for determining IDV is given below. You may calculate your premium rates using an online vehicle insurance calculator. *

IDV is calculated as follows: (Listing price as provided by the manufacturer – depreciation) + (Accessories not installed at factory – depreciation) – Registration and insurance fees.

Third-Party Coverage: This word refers to all harm that arises to a third party by the insured vehicle. All car owners must now purchase this coverage as a result of recent changes to the law.

Garage Facility: Your insurance company will have a nationwide network of garages. Customers of Bajaj Allianz General Insurance, for instance, can easily get cashless services at any of the mentioned garages. After an accident, quick repairs are crucial to getting your automobile back on the road, so your insurance policy will provide coverage for them.

The advantages that car insurance plans provide to female drivers are numerous. However, you can use the vehicle insurance calculator to determine the best plan for you if you want a better understanding of it. For third party auto insurance or a complete package, go to the Bajaj Allianz General Insurance website.

* Standard T&C Apply

** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.

# Visit the official website of IRDAI for further details.

## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply

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Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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