You always dreamt of buying that shiny, brand new car for yourself! Finally, it’s yours and you want to take it for a drive. Don’t forget the car insurance! It’s the most important thing that needs to be bought after you have bought your dream machine. According to official statistics, around five lakh road accidents get reported every year in India
[1]. Having a car insurance policy protects you, at least financially, if you find yourself at the receiving end of this statistic.
Moreover, a
car insurance policy also protects you from a major financial setback in case of theft of your car, which is a major concern in India with around 2.5 lakh cases of vehicle thefts reported every year. Sadly, only around 25 per cent of those vehicles are usually recovered