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South Korean car manufacturer, Hyundai, introduced the Hyundai Grand i10 Nios to compete in the mid-size hatchback segment. The Grand i10 Nios comes loaded with additional features and safety equipment. The Hyundai Grand i10 Nios is a well-packaged hatchback which requires a robust car insurance plan. This article is all about Hyundai Grand i10 Nios insurance, its benefits, claim procedure, and answers to some of the frequently asked about insurance for the Grand i10 Nios.
As per the Motor Vehicles Act, all motor vehicles in India should be insured at least with Third-party insurance. Failure to insure your Grand i10 Nios can lead to penalties as specified by the law. Apart from being a mandatory document, car insurance for your Hyundai Grand i10 Nios will cover against losses or damages to third-party life or their property as well as own damages in case you have opted for the Comprehensive car insurance. A comprehensive car insurance policy for Hyundai i10 Nios is an extensive coverage to protect you against financial liabilities arising out of damages to the insured vehicle or the third party. Car insurance for your i10 Nios will cover you against any unforeseen accidents that lead to losses to damages. Besides, it offers you peace of mind knowing that you are well protected financially. Below are the main reasons what buying car insurance for your i10 Nios is important and essential:
Covers damages or losses to the insured car.
Offers personal accident cover to the owner-driver.
Covers third-party liabilities.
Offers a discount/reward for not raising any claim in the form of No Claim Bonus.
Offers a wide network of garages across the country.
Motor insurance in India is mainly of two types. One, Third-party and second, Comprehensive car insurance offering different benefits.
This type of car insurance is mandatory as per law and covers third-party life and their property.
This type of car insurance covers both third-party and own damages to the insured car.
|Particulars||Comprehensive Car Insurance||Third-Party Car Insurance|
|Loss or damage to third-party life or property||✔||✔|
|Loss or damage to the insured Grand i10 Nios||✔||✘|
|Loss or damage due to natural or man-made calamities||✔||✘|
|Personal Accident (PA) cover||✔||✔|
|Customise sum insured or Insured Declared Value (IDV)||✔||✘|
The third-party car insurance for the Hyundai Grand i10 Nios covers third-party life and/or their property, while the comprehensive car insurance covers both third-party and own damage. Below are the coverages under the latter:
Losses or damages to own car in case of an accident.
Losses or damages to third-party life and/or their property.
Losses or damages due to riots.
Losses or damages due to fire.
Losses or damages due to natural calamities such as storms or floods.
Losses or damages arising out of own or personal damages.
Theft of the insured car.
Similar to types of insurance, the car insurance for the Hyundai Grand i10 Nios also comes with certain exclusions such as:
Regular wear and tear of car parts.
Driving under the influence of intoxicating substances.
Driving without a valid driving licence.
Driving outside the geographical limits.
While the comprehensive car insurance covers the third party as well as own damages, the below car insurance add-on covers offer extensive coverage for the Hyundai Grand i10 Nios:
Also referred to as ‘Bumper to Bumper” insurance, the insurance provider will not consider the depreciation of the car parts being replaced or repaired.
In case your Grand i10 Nios is stolen or suffers total damage, then the insurer will compensate with the ex-showroom price or the invoice value of the vehicle.
Even if you raise a claim during the policy period, the No Claim Bonus or discount remains intact.
Since the comprehensive insurance does not cover damages to the engine, this add-on covers oil leakage or water ingression into the engine.
Acko is a new-age digital insurance company striving to make the entire journey of the policyholder during the policy period easy and hassle-free. Below are a few of the important benefits of buying car insurance from Acko for the Hyundai Grand i10 Nios.
From buying or renewing to servicing of the claim, Acko car insurance is completely online and there is zero-paperwork.
Almost all transactions related to claims have been digitised by Acko making the process a lot quicker compared to traditional insurance companies.
Be it buying or renewing to servicing a claim, Acko offers unbiased support to customers.
The process for raising a claim for your Hyundai Grand i10 Nios is faster and efficient through digital insurers such as Acko. Below are the steps to raise a claim:
Step 1: Visit the insurance provider’s website or mobile app.
Step 2: Log in with your credentials or username and password.
Step 3: Under the policy for your Grand i10 Nios, raise a claim for the damages or loss.
Step 4: Upload the pictures of the damages to your car.
Step 5: The insurance company will pick up your car, get it fixed and deliver it back to you within the stipulated time mentioned in the policy.
You can also choose the reimbursement process where you repair the vehicle yourself and register a reimbursement from the insurer. In this case, you need to inform your insurance company of the same before repairs.
While shopping for car insurance for your Hyundai i10 Nios, you need to know the benefits and features of the insurance policy. Below are answers to some of the frequently asked questions about Hyundai Grand i10 Nios car insurance.
Car insurance prices are not the same for all vehicles. It is dynamic in nature. It depends on the variant, year of manufacture, location, etc. Also, prices will differ between insurance companies. You need to compare the car insurance cost for Hyundai i10 Nios with all insurers before you can buy the insurance for your car. Good car insurance for your vehicle should offer wider coverage at a lower price.
New-age digital insurance companies such as Acko have made the entire process of buying, renewing or registering a claim much easier than traditional methods. Apart from an online experience, they offer better servicing during claims and post-sales service. You can visit any of the digital insurance companies’ websites or download their mobile apps to transact online.
There are excellent add-on covers available with the comprehensive car insurance for your Hyundai i10 Nios. You can choose from add-ons such as Zero Depreciation, Return to Invoice, among others. For more details, you can refer to the details mentioned above.
The traditional method requires the policyholder to submit documents such as previous insurance policy, ID and address proof, passport size photographs. However, with the online insurance companies have made the process of renewal easier by digitising their operations. Besides, they have eliminated the use of paper for most of the transactions. Since physical documents are not required through the online process, you need the details of the previous policy number, name of the policyholder, age, location of the vehicle, percentage of the No Claim Bonus and the status of the existing policy.
The estimate of the repair cost under the car insurance depends on the extent of the damage as well as the type of insurance that you have opted for. Third-party insurance will take care of expenses arising out of loss or damage to third-party life or their property, while the comprehensive insurance will cover both third-party and own damage. Also, it depends on the percentage of deductibles and add-on covers you have chosen while buying the insurance. All these factors impact the compensation of the cost to repair your Grand i10 Nios.
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