Shriram General Insurance

Commercial vehicles play a vital role in the life of a businessman and a common man. Now the question arises about how this can be useful for a common man, he has nothing to do with it. Commercial vehicles are a critical part of a supply chain, not only for goods but they are also used for travel. Every one of us has to use a commercial vehicle to travel from one place to another some of the time. No matter who you are, commercial vehicles can’t be replaced with any other commodity. Hence, this is one of the veins that help to nourish the country with all the needed requirements.  What is the use of Commercial Vehicle Insurance? For such a crucial body, there must be a proper safety organization. Therefore, the commercial vehicle insurance company comes into the role. The insurance company presents different types of plans for the vehicle. It depends on what they are looking for? Although there are policies that can specifically insure the vehicle, goods passengers or the drivers.

  NCB is the acronym for No Claim Bonus which is commonly used in the insurance sector. This term is favourable for the customers, as in this case the customer is offered some kind of discount. The NCB is generally offered to own damage policy. This is not a third-party insurance discount. The norms for NCB are governed by the IRDA. Car insurance is a silver bullet for the problems that can affect you from natural or man-made peril. This brings you financial or legal aid in case of any unpleasant event. Car insurance is mostly used for accidental causes, as this can be devastating for the vehicle.  Different Slabs for NCB Rates  The offered NCB varies from year to year. This is not a fixed discount which is offered to the customers every year. Let us have a look at the different types of slabs offered by insurance companies in order of NCB in Own damage policy.    Years of no Claim NCB   (%) 1 year 20% 2 years

One can take a personal accident insurance policy to ensure safety from accident events. The policy offers multiple benefits in terms of an accident. Accidental injuries, total permanent loss, partial permanent loss or accidental death are covered in the policy. One of the best parts of the policy is that it offers worldwide events and the claim process is far smooth and easy. Generally, the insurance company offers two different types of policies. Compulsory Personal Accident Cover (CAP) - The name defines some of the characteristics of the policy, this is a compulsory insurance policy one has to take with motor insurance.  The policy offers a fixed sum insured value in case of an accident to the insured from the registered vehicle only.    Individual Personal Accident Insurance - The insurance policy covers accidental deaths or injuries. The policy is not bound by vehicle accidents. The claim on this policy can cover any type of accidental event. Even though, this policy i