Good news for car owners. This news is about the insurance policy. Till now, we used to insure the car for a period of one year, two years or more. But now you are going to get great convenience in this. Now if you want, you can get an insurance policy for only as many days as you will drive the car. Not only this, it can also be according to the distance. That is, the distance up to which you will drive, only that distance will have to be insured. Accordingly, you will have to pay the premium.
This premium is not like the old policy in which you have to pay premium for a whole year. In insurance policies named ‘Edelweiss Switch’ and ‘Tata AIG Auto Safe’, there is an exemption that you will have to pay the premium for the same number of days of the year or month you drive. Suppose you drive a car for 20 days in a year and the car is parked for the rest of the day, then you will have to choose the premium for 20 days only. Another way is that if you drive only 500 km in a year, then you will have to pay the insurance premium for the same distance.
app based policy
Two companies have started this type of premium policy. The first policy is Edelweiss Switch and the second is Tata AIG’s Auto Safe. Edelweiss Switch has created an app based insurance policy for this. In this scheme, the owner of the vehicle gets the facility to switch the policy on and off through the app. That is, when you are driving, you can start premium by turning on the app and you can turn off premium when the car is not running. Your premium will be calculated according to the number of days or distance your vehicle will run.
According to the company, this insurance policy will depend on the age and driving experience of the driver of the vehicle. Insurance can be turned on or off by turning the app on and off while driving. Even if the insurance is turned off, the vehicle will be covered from fire and theft throughout the year. That is, even if your policy is turned off, it will get fire and theft protection because both these dangers occur even when the vehicle is parked. However, accidental cover will be available in this policy only if Chub Insurance is on. This policy will be cheaper as the premium will have to be paid only for the number of days the vehicle will run.
Device insurance policy
Similarly, Tata AIG’s policy is also Auto Safe. This is also a kind of device which remains active for the entire policy period. This device records all your information. Like how far can you drive. This device collects information about the position of the vehicle and the driving pattern of the driver. Based on this information points are given to the driver or policy holder. In this, a package of insurance based on kilometer is given.
Top Up Kilometer Option
If the vehicle owner wants, then under this package, 2500 km, 5 thousand km, 7500 km, 10 thousand km, 15 thousand km and 20 thousand km can be taken package. They also get the facility to buy an additional kilometer policy if they use up the entire kilometer of the package within a certain period of time, that is, they drive the same number of kilometers. This is called top up kilometer option. In the Auto Safe policy, the vehicle and the driver get an accidental cover of Rs 15 lakh.
Till now it happens that the car owner has to take insurance for a fixed period. Whether the vehicle is running or not, the premium has to be paid in full. But now it will not happen. You can now pay the premium of the vehicle as per your convenience. Two companies have given this facility well.