Bharti AXA is one of the trusted names in the motor insurance industry. The insurer’s Smart Drive Private Car Insurance Policy is considered one of the popular choices of motor insurance among most car owners. Not only are the premiums affordable, the policy’s coverage can be tailored to meet your needs. Bharti AXA’s comprehensive car insurance policy covers Own Damage of the insured vehicle and liabilities to third-party in the event of an accident or mishap.
By choosing AXA’s Smart Drive Private Car Insurance Policy, you will be covered against the following risks:
Section I – Own Damage: It covers any damage or loss to the owner’s car due to:
- Accident fire
- Lightening
- Self-ignition
- Explosion
- Theft, Riots & Strikes
- Earthquake
- Flood Cyclone
- Inundation Transit by Rail, Road, Air & Elevator
Sum Insured – Insured Declared Value
The vehicle’s IDV is determined on the basis of the manufacturer’s listed selling price of the brand and model and adjusted for the relevant rate of depreciation.
| Age of the vehicle | % of depreciation for fixing IDV |
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
Section II – Third Party Liability: Having a third-party liability policy is mandatory by law. Bharti AXA’s Smart Drive Private Car Insurance Policy, covers the insured’s legal liability in the event of death or disability of third party or damage to third party’s property.
Section III – Personal Accident Cover: Bharti AXA will pay compensation according to the following scale for death or bodily injury sustained by the vehicle’s owner/driver:
| Nature of injury | Scale of compensation |
| Death | 100% |
| Loss of two limbs or sight of two eyes or one limb and sight of one eye | 100% |
| Loss of one limb or sight of one eye | 50% |
| Permanent total disablement from injuries other than named above | 100% |
Add-ons:
Besides all this, you can also include a host of add-on covers to your Bharti AXA car insurance policy if you feel the need to enhance the protection of your four-wheeler. The add-ons available under this plan are:
- Zero-Depreciation cover
- Invoice Price Cover
- Consumables Cover
- Hydrostatic Lock Cover
- No Claim Bonus (NCB) Protector
- Hospital Cash Cover
- Medical Expenses Reimbursement
- Ambulance Charges Cover
- Roadside assistance
- Co-Passenger Cover
- Engine and gearbox cover
Premium Policy Of Car Insurance from Bharti AXA
The third party premium rates are determined based on the vehicle’s engine capacity. Higher the capacity, higher will be the rates. The Insurance Regulatory and Development Authority of India revises the rates for this each year. As on 1st April, 2018, the revised third-party rates are as follows:
| Engine Capacity | Premium Rate |
| Less than 1,000cc | Rs. 1,850 |
| Above 1,000cc but less than 1,500cc | Rs. 2,863 |
| More than 1,500cc | Rs. 7,890 |
A comprehensive car insurance consists of both third-party premium and own-damage premium. To determine the own-damage premium, the Bharti AXA car insurance policy will take into account the car’s make-model, age, engine capacity and geographical zones.
It must be noted that both third-party liability and comprehensive plans comprise of the personal accident cover for owner-driver. Here, for a premium of Rs. 100, you get a sum assured of Rs. 2 lakhs in the event death or bodily injury sustained by the vehicle’s owner/driver.
Where To Find The Best Car Insurance?
Finding the right car insurance policy to match your needs can be a tricky business. At Coverfox.com, you can compare car insurance policies of Bharti AXA and other insurance companies from the comfort of your home in just a few clicks. The online insurance broker works actively to find a plan that is best for you. You can get complete information about car insurance from Bharti AXA and other plans – their features, benefits, exclusions etc. and accordingly purchase policies that match your needs. The broker also provides complete assistance when you want to file a claim with the insurance company. To find the most suitable cover for your four-wheeler, get in touch with their customer support team by dialling 1800 209 9930.