Calculate your car or bike insurance premium with our comprehensive calculator
| Component | Amount |
|---|---|
| Own Damage Premium | ₹0 |
| Third Party Premium | ₹0 |
| Personal Accident Cover | ₹0 |
| Add-on Covers | ₹0 |
| NCB Discount | -₹0 |
| Anti-theft Discount | -₹0 |
| Final Premium (before GST) | ₹0 |
| GST (18%) | ₹0 |
| Total Premium Payable | ₹0 |
| Vehicle Type | - |
|---|---|
| Policy Type | - |
| IDV | - |
| NCB | - |
| Add-ons | - |
Insured Declared Value (IDV) is the maximum sum assured by the insurer in case of theft or total loss of your vehicle. It represents the current market value of your vehicle.
NCB is a discount on your premium for not making any claims during the previous policy period. It can go up to 50% after 5 claim-free years and is transferable between insurers.
Add-ons provide extra protection beyond standard coverage. Common add-ons include zero depreciation, engine protection, roadside assistance, and consumables cover.
Comprehensive insurance covers both own damage and third-party liabilities. Third-party insurance only covers damages caused to others and is mandatory by law in India.
Insurance premium is calculated based on vehicle type, IDV, cubic capacity, geographical zone, age of vehicle, and add-on covers selected. Third-party premium is determined by IRDAI.
- Vehicle Age: Older vehicles have lower IDV and premium
- Engine Capacity: Higher CC vehicles have higher premium
- Location: Metro cities have higher premium rates
- Claim History: Previous claims can increase premium
- Add-ons: Additional covers increase premium but provide better protection
Comprehensive insurance covers damages to your own vehicle as well as third-party liabilities, while third-party insurance only covers damages caused to others. Comprehensive insurance is recommended for better protection.
IDV is calculated as the manufacturer's listed selling price minus depreciation. Depreciation starts at 5% for brand new cars and goes up to 50% for vehicles older than 5 years.
Yes, NCB is transferable between insurers. You need to request an NCB certificate from your previous insurer and submit it to the new insurer within 90 days of policy expiration.
Zero depreciation cover ensures that you get the full claim amount without deduction for depreciation of parts. Normally, claims are settled after deducting depreciation based on the age of parts.
Voluntary deductible is the amount you agree to pay from your pocket in case of a claim. Choosing a higher voluntary deductible can reduce your premium but increases your out-of-pocket expense during claims.
9599438277
We'll get back to you within 24 hours.
