3 Major Commercial Vehicle Displays at the India Auto Expo 2014

Scania, a renowned brand for commercial motor vehicles, launched its very own Fleet Management Service in India at the Auto Expo 2014. It is indeed a sign that there is a striking competition among the leading commercial vehicle manufacturers in India, which will only get more intense in the near future. But Scania is not only the notable manufacturers of commercial vehicles in India. Let us take a look at the top three major commercial displays at Auto Expo 2014.

3 Major Commercial Vehicle Displays at Auto Expo 2014

The Auto Expo 2014, held in Greater Noida, saw the launch of 69 power-packed vehicles in India. Ten commercial vehicles were displayed at the event and the top three worth a special mention and worth investing for commercial vehicleinsurance are:

1. Ashok Leyland: Captain 2523 Tipper: One of the few heavy commercial vehicles comes with an impressive gross weight ranging from 16 tons to 49 tons. This indigenous commercial vehicle development will be manufactured at Ashok Leyland’s Uttarakhand car manufacturing facility. This automobile may not only go easy on your investment in commercial vehicle insurance, but may even make logistics easier for medium-sized businesses.
2. Scania R 500 6x4: Scania had magnificently displayed the latest heavy haulage truck with a powerful V8 engine that grabbed some attention. Note, that the cost of commercial vehicle insurance may be higher for this automobile, considering that the parts are expensive and high-maintenance despite having a high-performance engine.
3. Ashok Leyland: Boss: Generally, the Boss truck is available without refrigeration, but for Auto Expo, the company decided to show-off their refrigerated Boss truck. This intermediate commercial vehicle (ICV) is fully equipped with an insulated container and a stock refrigeration unit to transport goods that need to be kept cold during the harsh Indian summers. So, commercial vehicle insurance for this truck may not be much of a worry in terms of size.

While there is room for more investments in commercial vehicles and related industries, such as the insurance and maintenance required, heavy vehicle manufacturing giants had some impressive news during Auto Expo 2014. The well-known VE Commercial Vehicles announced plans of getting into a half and half joint venture with Volvo Group and Eicher Motors, with investment plans of Rs 600 crore for product development and marketing initiatives in 2014. Auto Expo 2014 proved that the future for commercial vehicles is bright for India.

Calculating Medical Health Insurance Premium

Did you know that some medical health insurance companies could deny policies to prospective buyers with “low IQ”? Well, in some cases, a significantly low IQ could mean that the person is suffering from a pre existing condition known as cerebral palsy! This condition could give rise to other serious ailments as well! Whereas some medical insurance providers would not honor pre existing illnesses, others may pose specific restrictions and charge high premiums for the same. If you aren’t sure of the factors that have a bearing on your premium amount, consider referring to the points below.

Things to Know for Calculating Medical Health Insurance Premium

•    Premium is directly proportional to the sum assured: The “sum assured” is the total amount you have been insured for! In case of a medical requirement, the “sum assured” would be the maximum amount you would be provided as assistance. And, the very first thing you need to take into account when calculating your premium is this amount. Naturally, the more comprehensive the assistance sought, the higher would be the premium.

•    Premiums for Medical Health Insurance Policies go up with your BMI: The BMI is the basal metabolic rate, which indicates your overall health condition. The higher your BMI is, the more prone you are to lifestyle disorders like hypertension, diabetes, heart disease and so on. So, if you are seeking best deals for your mediclaim insurance, it would do good to lose some weight perhaps!

•    Premiums increase as you Age: It is a common belief that the chances of contracting an illness would go up with age. And this is why; your mediclaim health insurance provider would be hiking premiums for you as you age. Growing age is often related to significant health conditions like hypertension, diabetes and so on. So, buying at young age is the best way to save on the cost of premiums.

•    Premium Charged would also depend on where you live: Where you live is also extremely important. Premiums would depend on the cost of medical treatments in your city. So, if you are residing in a small town, your premium would be low. Similarly, if you are living in Mumbai, your premiums would be higher.

Your health history would also have a bearing on your insurance status. For instance, if you have fallen ill frequently, more premiums would be charged. A better track record would ensure low premiums for your medical health insurance. .

Buy Car Insurance Online: Aspects to Consider

Surprising but true, almost 25% to 30% cars plying on Indian roads actually have no car insurance! And this is despite the fact that you can now buy car insurance online, with complete convenience. Besides, some of the best car insurance policies are now available along with highly customer friendly features. You can get all the help you need by calling the toll free number on the website of insurers and make a choice after receiving all the information you need.

There are a number of things you need to look into when buying car insurance. You need to be informed about the features as well as additional features of each policy in order to choose wisely. Listed below are some of the most interesting inclusions you can consider when you choosing your car insurance online.

Some Tips for Choosing a Car Insurance Policy

Did you know that it is mandatory to have auto insurance in India? Yes, under the Motor Vehicles Act 1988, you need to have your vehicle insured at all times. Here are some things to consider when you buy car insurance:

·         First, choose the right provider for sourcing your policy. While there are a number of insurers, you need to make the right decision after looking into various factors. Begin by adjudging the reputation of the company. You can do this by checking whether the insurer is backed by a conglomerate that has a presence in other businesses. Check whether the group has a financial arm that offers investment advisory services for sizable assets. If the company has partnered with a foreign insurance company, it is a good sign. Better still, if the foreign insurer is a leader in its home country. 

·         Car insurance policies come with many benefits these days. Look for special help like towing assistance when your car breaks down. Some insurance providers would also provide claims finalization within a period of one week so that you can provide for your expenses in time.

·         Consider the premium that you will need to pay. Broadly speaking, this depends on three factors. The first is the personal accident cover, the second is the IDV, or insured declared value and the third is the discount being offered by the insurer. Reducing the IDV will reduce the premium you need to pay. However, it also reduces the amount you will be paid in case of an accident. So, you will need to find a balance that is suitable for your vehicle.

The best way to ensure the best choice is made for buying a car insurance policy would secure your finances and risk in case of an accident. Making an informed decision would mean doing your homework about the insurer and the policy. Thankfully, buying motor insurance online has several advantages including competitive offers and best-in-class customer service.

Tips on Motor Insurance Policy

Buying a motor insurance policy is as important as driving safely and following traffic rules. Even if you have an unblemished, clean-as-a-slate driving history, you never know when an unforeseen accident occurs. Other people make mistakes or sometimes we are tired after a long day’s work. Whatever the reason, having a motor insurance policy could save you a lot of trouble. Discover ways to buy your policy cheaper and better.

Suggestions for Choosing a Motor Insurance Policy

Here are some suggestions that you may find useful when purchasing a motor insurance policy:

Choose the motor insurance company well: Select an insurer of repute. If the company has a foreign partner, it is great. Better still, if the foreign partner is a leader in its home country.

Know the terms: There are three basic terms you should be familiar with. The IDV is the maximum amount you are entitled to, in the event of total loss. Reducing the premium will require reducing the IDV as well. Voluntary excess would imply that you would have to pay a fixed amount of money if an accident occurs. That amount would be deducted from your premium. However, ensure that this is happening not without your consent. Again, choose a motor insurance policy that offers no-claims bonus.

Buy online motor insurance: Do your research online, even if you contact the motor insurance company by calling them to help you with the right policy for you. You may be able to get good discounts when you check online for motor insurance in India. Besides, the process is easy, quick, and requires minimal documentation. Claim settlement is equally transparent.

Work towards a cheaper motor insurance policy: Your premium is determined by the car you own and insuring a sports car can cost a lot more than a normal vehicle. This is for the simple reason that the cost of repairs of a car will depend heavily on the car’s price and the price and availability of its parts. Moreover, expensive cars are more prone to thefts.

Maintain a clean record: If you have a good record of no claims and have a sound driving record, you can hope for lower premiums. This is because you are perceived as a lower risk prospect by the motor insurance company. It may also do good to give up unnecessary driving and hence reduce the mileage on one’s car. Moreover, you can avail additional discounts if you are a member of a recognized automobile association.