Understanding the real value
behind any kind of insurance policy like car insurance is tough for a layman to
understand. Unlike an investment instrument which has clear value proposition
that you get certain amount of money in return after a certain period of time
but that is not the case of car
insurance policy. Generally car insurance is always perceived to be a cost.
You can actually understand the value when you make a claim. Like any other
financial product a car insurance policy is also a tough to decipher as a
product if we want to understand it feature by feature. When you are judging
the requirement of car insurance based upon road and driving conditions in
India it might come as great help.
The first question is how
identify the real value of car insurance. There are whole list of comprehensive
insurance offerings that are there in the market today .A comprehensive policy
is one which offers both third party and own damage insurance. Other than that
there is a whole list of add-on cover option available on car plans from
different insurers. Based on parameters discussed the most preferred way to buy
or compare car insurance Online
Policies India is it online In India you can buy car insurance online through
two modes. The add-on cover also can also be used a way to understand the judge
the value of the product. Other than that the cost benefit angle is always the
right way to judge value. But understanding value doesn't' always mean that you
can buy the right plans. If you look at features of plans from different
insurers they might look quite similar in most of the cases. When you want to
do the same thing in Indian context it might become tougher because of the
amount of financial literacy in place.
So the important question that
needs to be solved is how you can buy the right car insurance policy in India.
The best way to do it is to do it online. Online comparison of car plans give
you the right tools to decipher the internal value of any plan and help you the
plan in much better way as per your need. Buy car
insurance online plans India has now become a trend. Approximately 80%
of four wheeler plans sold in India are done through online channel. The online
process makes things much easier, saves a lot of cost and you can easily make a
fair judgment between two or more types of insurance offerings. It also saves
you getting lured by cost only because price is not the right way to value the
benefit associated with your car insurance plan. To get better benefits you
need to understand it point by point and judge it based upon your need
Source: http://www.sooperarticles.com/finance-articles/insurance-articles/car-insurance-does-have-real-benefit-1546368.html
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