Maruti Suzuki is one of the best automobile brands in India with a huge customer base. The company enjoys a good reputation among car enthusiasts and offers a range of cars of all categories. The company was founded in the year 1981 and was operating under the name Maruti Udyog Limited. However, today, the company’s name has changed to Maruti Suzuki India Limited and the company is a subsidiary of Suzuki Motor Corporation of Japan. Ever since its launch, the company has launched different types of cars and has won 294 awards and accolades till 2019.
The company has cars in different models and variants. Some of Maruti Suzuki’s most popular cars include the following –
|Alto K10||An affordable car from Maruti Suzuki, Alto K10 offers fuel efficiency with a mileage of 23.95km/l in its petrol variant. It has an engine capacity of 998 cc and the car also comes in the CNG variant.|
|Wagon R||The newly packaged Wagon R has a brand new K-series engine capacity of 998cc. Wagon R is known to be one of the sturdiest models offered by Maruti Suzuki with a mileage of 22.5km/l with petrol.|
|Dzire||A popular car in the sedan segment, Dzire offers SmartPlay infotainment system, two-tone alloy wheels, auto gear shifts and AC vents in the rear too. Fuel efficiency is also good as the car offers a mileage of 21.21km/l with petrol.|
|Vitara Brezza||A sporty new car offered by Maruti Suzuki, Berezza comes in the diesel variant only. The car offers cruise control, Suzuki TECT, SmartPlay infotainment system and a good mileage at 24.3 km/l|
|Baleno||This car is offered by the premium division of the company, NEXA. The car is a popular sedan which is giving tough competition to other cars in its category. The car has Torque Assist Function which helps in reducing the load on the engine and improve its longevity.|
|S-Cross||A premium SUV, the car has a sporty look and offers some of the best features. The car comes with the most advanced safety features in the form of NEXA Safety Shield. The Smart Hybrid Technology helps in improving the performance of the car|
|Ciaz||A premium sedan, Ciaz boasts of luxurious interiors and premium exteriors. The Automatic Transmission system of the car helps in smooth navigation. The car has ample leg space and also offers rear sunshade.|
|Ignis||A hatchback with a sporty look, Ignis is a sturdy car with spacious interiors. The car comes in multiple colours and offers you to customize it with a choice of graphics. The features include tilt steering, push start/stop button, 60:40 split seating in the back and steering mounted controls among others.|
|XL 6||The newest launch from Maruti Suzuki NEXA, XL 6 is a sporty SUV with a seating capacity of six. The AC in the car is automatically controlled as per outside temperatures so that you can be comfortable. You get LED fog lamps, cruise control, one-touch recline, auto ORVM among other features.|
Whichever car you choose to buy a car insurance policy would have to be taken in the car. The Motor Vehicles Act, 1988 mandates that if you own a car and you want to drive the car in India, you should have a valid third-party liability insurance cover on it. Just like you need a driving license to drive the car, a car insurance policy is also required.
Besides the legal mandate, car insurance plans are also important because of the following reasons –
There are two types of car insurance policies which are available for Maruti Suzuki cars. These are as follows –
|Type of policy||Coverage|
|Third-party liability-only policy||This is the mandatory cover on your Maruti Suzuki car which you have to buy as per the Motor Vehicles Act, 1988. The policy covers the financial liability faced in the following contingencies:
The policy would not cover damages suffered by the car itself.
|Comprehensive policy||This policy is also called a package policy because it provides all-round coverage for the car. The policy covers the following contingencies –
A personal accident cover is also available under both the plan variants. The cover covers accidental death and disablement suffered by the owner/driver of the car. In such contingencies, the sum insured for personal accident cover, which is INR 15 lakhs, is paid partly or fully depending on the contingency suffered.
Maruti Suzuki car insurance policies do not cover the following instances of claims –
Comprehensive car insurance policies also allow you to opt for additional coverage benefits. These benefits are called add-ons and they provide a wider scope of coverage. Each add-on comes with an additional premium and you can choose any number of add-ons as you need. The most common add-ons available under almost all Maruti Suzuki car insurance policies include the following –
You have two options of buying Maruti Suzuki car insurance policies. These include the following –
Here are some benefits of buying Maruti Suzuki car insurance policy for your car –
The premium of Maruti Suzuki car insurance policies would be calculated taking into consideration various factors. The factors and their effect on premium computation are as follows –
|Factors affecting premiums||Effect on premiums|
|Age of the car||The older the car the lower would be its value. The premium would, therefore, be lower|
|Make, model and variant||The make, model and variant of the car determines the value of the car. Since the value directly affects the premium, the make, model and variant determine the premium payable. For instance, Ciaz would have a higher premium than Ignis.|
|Fuel type||Petrol cars have lower premiums compared to diesel cars because the cost of petrol cars is low|
|Insured Declared Value (IDV)||IDV is the value of the car after deducting depreciation based on the car’s age. IDV is like the sum insured of a car insurance policy. Thus, the higher the IDV, higher would be premium and vice-versa|
|Modifications done to the car||If any modifications have been done to the car which has increased the car’s value, such modifications would also be covered. As the coverage increases, premiums would also increase.|
|Registration location||If the car is registered in a metropolitan city, the chances of accidents are higher. As such, the premiums for metro cities would be higher compared to non-metro cities|
|Add-ons selected||If add-ons are added to the basic coverage, the premium would increase because an additional premium would be charged for the add-ons|
|Discounts available||There are different types of discounts available in car insurance policies. These discounts, if applicable, would help in reducing the premium.|
You can reduce the premium of Maruti Suzuki car insurance policies using the following ways –
Look for the available discounts and use them to reduce the premium.
Maruti Suzuki car insurance policies are offered for a specified duration. Once the duration comes to an end, the policy should be renewed to enjoy uninterrupted coverage.
To renew the policy you again have two options which are as follows –
When you are renewing your Maruti Suzuki car insurance policy, you should keep the following things in mind –
A claim is said to occur in a Maruti Suzuki car insurance policy in the following circumstances –
The first there instances of claims are third party claims while the last two are called own damage claims.
The claim process under your car insurance policy would be as follows –
|1.||Inform the insurance company immediately about the claim.|
|2.||A police FIR should be filed stating the nature of the loss.|
|3.||The claim would be taken to the motor accidents tribunal where the financial liability would be decided.|
|4.||Once the tribunal dictates the liability incurred, the insurance company would pay the specified amount.|
|Own Vehicle Damage:|
|1.||Inform the insurance company immediately about the claim|
|2.||The company would then inform you about the nearest preferred garage where you can take your car for cashless repairs|
|3.||You would have to take the car to the specified garage where the surveyor of the insurance company would visit and assess the damages suffered|
|4.||The surveyor would prepare a claim report and submit it to the insurance company|
|5.||The insurance company would then, approve the claim based on the surveyor’s report|
|6.||Once approved, the repairs on the car would commence|
|7.||The repair costs would be settled by the insurance company directly with the garage|
|8.||You would have to pay the compulsory deductible and any other cost which is inadmissible under the plan and take delivery of the repaired car|
|1.||Inform the insurance company immediately about the claim|
|2.||File a police FIR stating the theft of the car|
|3.||The police would try and locate the car. If the police are unable to locate the car, they would issue a ‘non-traceable certificate’.|
|4.||Submit this certificate to the insurance company along with other claim-related documents|
|5.||The insurance company would then pay the IDV of the policy as a claim.|
Rather than remembering the above-mentioned steps, you can also raise your Maruti Suzuki car insurance claim through Turtlemint. Turtlemint has a dedicated claims department which handles your insurance claims and helps you get the settlement at the earliest. You just have to inform Turtlemint at 1800 266 0101 or email@example.com and relax. The claim handling a team of the company would do the rest and help you in getting your car insurance claims settled.
The following documents would be required to be submitted to get your car insurance claim settled –
So, whichever Maruti Suzuki car you buy, ensure it under a good car insurance policy to protect your finances from possible instances of claims.
No, there are no tax benefits of buying car insurance policies. These policies are mandated by traffic rules and should be bought for protecting your finances in case of car-related contingencies.
Yes, you can buy any number of add-ons that you want with your Maruti Suzuki car insurance policy, However, remember that each add-on would come with an additional premium.
Yes, the mandatory personal accident cover of up to INR 15 lakhs in your car insurance policy would involve an extra premium.
If you don’t renew an expired policy, you would not be able to avail coverage under a car insurance policy. Without coverage, you face legal consequences in case of any accidents where other individuals are involved. Moreover, if the policy is not renewed on time, you would also lose the accumulated no-claims bonus which can earn you a premium discount.