Three Wheeler Auto Insurance
Total Cover
100% Claim Settlement
No
Documentation
Reasonable
Premium
Total Cover
100% Claim Settlement
No
Documentation
Reasonable
Premium
Our Proud Partners - Beemawala
Client Testimonials
4 months ago
They guided me through the intricacies of various insurance options, ensuring I fully understood each policy's coverage and benefits. Their transparency and willingness to address all my concerns instilled a sense of trust and confidence in their services.
2 months ago
Good service whenever we call to them they give positive response i have a claim they support and my claim got settled
2 months ago
Brilliant place for all types of insurance. Always connected with every claim settlement.. Hassle free.. Kudos to beemawala..
8 months ago
Beemawala and team is a best Company for take any type of insurance. They support and take care of your claim . Thanks a lot for your support of my claims many times .
2 years ago
Shantanu is professional and very prompt in responding to my questions. I’m a repeated client and he’s been supportive throughout. I highly recommend his services. I wish him and his team good luck for future.
What is Three Wheeler Auto Insurance Insurance
- It provides a One-year third-party premium and a one-year own-damage (OD) premium
Three Wheeler Auto Insurance Insurance Insurance provides coverage for vehicles against various risks, including accidental damage, theft, and third-party liabilities. It offers financial protection to Three Wheeler Auto Insurance owners in case of unfortunate incidents, helping them manage repair costs, legal expenses, and damages to third parties. Having Three Wheeler Auto Insurance Insurance is mandatory in India as per the Motor Vehicles Act, ensuring responsible driving and safeguarding both Vehicle owners and third parties from potential financial burdens.
⛦ Example Scenario: In the case of Rahul’s Three Wheeler Auto Insurance accident in Shimla, where his vehicle was washed away in a flood, his Comprehensive Three Wheeler Auto Insurance Insurance policy proved to be immensely helpful. The incident was immediately reported to the insurance company, and a surveyor was assigned to assess the damage. As the policy covered damages from natural disasters, the insurance claim was accepted. The Three Wheeler Auto Insurance was towed to an authorized garage for repairs, and the insurance company settled the repair bills directly, relieving Rahul from financial burden. The incident highlighted the significance of having a reliable Three Wheeler Auto Insurance insurance policy to protect against unforeseen events and ensure peace of mind for Indian Three Wheeler Auto Insurance owners.
Coverages of Three Wheeler Auto Insurance Insurance
Own Damage Coverage
Protection against damages to your vehicle due to accidents, fire, theft, vandalism, or natural calamities.
Third-Party Liability Coverage
Covers legal liabilities for bodily injuries or property damage caused to third parties in an accident involving your Vehicle.
Personal Accident Cover
Compensation for injuries or death to the owner/driver of the insured Vehicle.
Passenger Cover
Coverage for passengers travelling in the insured Vehicle against bodily injuries or death.
Zero Depreciation Cover
Full reimbursement of repair/replacement costs without considering depreciation.
Additional Add-ons of Three Wheeler Auto Insurance Insurance
Zero Depreciation Cover
Provides full reimbursement for repair/replacement costs without considering depreciation.
Engine Protection
Covers damages to the vehicle engine and its components.
Consumables Cover
Covers the cost of consumables like nuts, bolts, engine oil, etc., during repairs.
Factors Determining the of Coverages of Three Wheeler Auto Insurance Insurance
Vehicle Make and Model
The brand, model, and variant of the Vehicle play a significant role in premium calculation. Expensive or high-end Vehicles may attract higher premiums.
Vehicle's Age
Since this policy is designed for brand-new Vehicles, the age of the vehicle is a crucial factor in premium calculation. Newer Vehicles usually have lower premiums.
Insured Declared Value (IDV)
The IDV represents the Vehicle’s current market value and is a major factor in premium calculation. Higher IDV results in a higher premium.
RTO Number / State
The location where the Vehicle is registered (RTO number or state) affects the premium. Metropolitan cities or certain states may have higher premiums due to increased risks.
Sitting Capacity
The Three Wheeler Auto Insurance Third party premium is calculated on the basis on vehicle Sitting capacity.
Fuel Type (CNG / Diesel / Petrol / Electric)
The type of fuel used in the new Vehicle affects the premium, with CNG and diesel-powered Vehicles potentially having different premium rates compared to petrol or electric Vehicles.
Policy Add-ons
The choice of add-ons, like zero depreciation cover or engine protection, will impact the total premium cost.
No Claim Bonus (NCB)
NCB earned for every claim-free year can significantly reduce the premium amount.
Voluntary Deductibles
Opting for a higher voluntary deductible amount can reduce the premium.
Major Differences Between Own Damage (OD) Cover and Third-Party Liability Cover In Three Wheeler Auto Insurance
| Coverage | Own Damage (OD) Cover | Third-Party Liability Cover |
|---|---|---|
Definition | Provides coverage for damages to your vehicle due to accidents, theft, natural calamities, fire, and more. | Covers legal liabilities for damages caused to third-party property, injuries, or death due to your Vehicle's involvement in an accident. |
Scope of Coverage
| Protects your own vehicle against a wide range of perils and damages. | Only covers damages and injuries caused to third parties, not your vehicle. |
Premium Determination
| Based on factors like Vehicle's make, model, IDV, and add-ons chosen. | Regulated by the Insurance Regulatory and Development Authority of India (IRDAI). Premium rates are predefined based on the Vehicle's engine capacity. |
Coverage Extent | Comprehensive coverage for your vehicle, including theft, own damage, and accidents. | Limited to liabilities arising from third-party property damage, injuries, or death. |
Add-ons
| Various add-ons like zero depreciation, engine protection, roadside assistance, etc., can be availed to enhance coverage. | No add-ons are available, as it is a standardized cover as per IRDAI regulations. |
Legal Compliance | Optional, but highly recommended for complete protection of your vehicle. | Mandatory by law to drive a vehicle on Indian roads. |
Claim Settlement | Applicable for damages to your vehicle, subject to policy terms and conditions. | Covers financial liabilities towards third parties up to the prescribed limits. |
Insurance Premium | Can significantly impact the premium amount based on the extent of coverage and chosen add-ons. | Premium rates are fixed as per the IRDAI guidelines and are based on the Vehicle's engine capacity. |
How to Settle Three Wheeler Auto Insurance Policy Claims?
- Claim due to an accident
Inform the Insurer
Notify your insurance company about the accident and damages as soon as possible. Provide all necessary details, such as the policy number, date and time of the incident, location, and a brief description of the accident.
File an FIR
If there is significant damage or third-party involvement, file a First Information Report (FIR) at the nearest police station. This is especially important for theft or major accidents.
Survey and Assessment
The insurance company will appoint a surveyor to assess the extent of damage to your vehicle. Cooperate with the surveyor and provide all relevant documents and evidence related to the accident.
Submit Required Documents
Submit the duly filled claim form along with the required documents, such as a copy of the vehicle’s registration certificate (RC), a valid driving license, the FIR (if applicable), and any other documents requested by the insurer.
Repairs and Inspection
After the assessment, the insurer may arrange for an inspection of the damaged vehicle or direct you to an authorized garage for repairs. Some insurers may offer cashless facilities at network garages.
Claim Settlement
Once the repairs are completed, submit the bills and invoices to the insurance company for reimbursement or settlement as per the policy terms.
Claim Amount
The claim amount will depend on the extent of damage and the terms of your insurance policy, including the deductible and policy coverage.
Excess Payment
Pay the applicable excess or deductible amount as per the policy terms. The insurer will cover the remaining claim amount.
Necessary Documentation
Keep copies of all documents related to the claim, including the settlement letter and payment receipt, for future reference.
How to Settle Three Wheeler Auto Insurance Policy Claims?
- In case of theft of the vehicle:
File a Police Report
Immediately report the theft to the nearest police station and obtain a First Information Report (FIR) or a Non-Cognizable Report (NCR) as required by the insurer.
Inform the Insurance Company
Contact your insurance company’s customer support or claims helpline as soon as possible and provide them with all the necessary details about the theft incident.
Submit Required Documents
The insurance company will request specific documents, such as the FIR/NCR copy, original policy documents, vehicle registration certificate (RC), claim form, and any other documents as required.
Cooperate with Investigation
The insurer may conduct an investigation to verify the theft incident. Cooperate fully and provide any additional information or documents they may require.
Claim Survey
An authorized surveyor appointed by the insurance company will assess the loss and damages to determine the claim amount.
Transfer Vehicle Ownership
In case the stolen vehicle is not recovered, transfer the ownership of the vehicle to the insurance company as per their requirements.
Claim Settlement
Once the surveyor’s report is received, and all necessary documentation is in place, the insurance company will process the claim settlement.
Claim Payout
If the claim is accepted, the insurance company will provide the claim payout amount as per the terms and conditions of the policy.
Exclusions of Three Wheeler Auto Insurance
Consequential Loss
Insurance may not cover losses resulting from a covered event, such as financial losses due to missed business opportunities.
Driving Under Influence
Accidents caused while driving under the influence of alcohol or drugs may be excluded from coverage.
Unauthorized Drivers
If an accident occurs while someone other than the authorized driver is driving the insured Vehicle, it may not be covered.
Racing or Adventure Activities
Damages occurring during racing, rallies, or adventure sports are typically excluded.
Wear and Tear
Regular wear and tear of the vehicle or mechanical breakdowns are not covered.
Illegal Activities
Accidents caused while using the Vehicle for illegal purposes may be excluded.
Loss of Personal Belongings
Loss of personal belongings from the Vehicle may not be covered.
War or Terrorism
Damages due to war, war-like situations, or acts of terrorism are generally excluded.
Nuclear Damage
Any damages caused by nuclear activity are not covered.
Expired or Lapsed Policy
If the policy is expired or lapsed at the time of the incident, there will be no coverage.
Documents Required Claim Settlement under Three Wheeler Auto Insurance Insurance
In Case of Theft Claim
First Information Report (FIR)
A copy of the FIR lodged with the police station reporting the theft of the vehicle.
Duly Filled Claim Form
A completed claim form provided by the insurance company, containing all necessary details about the incident.
Policy Document
The original insurance policy document showing the coverage details.
Vehicle Registration Certificate (RC)
A copy of the vehicle’s RC to establish ownership and vehicle details.
Driving License
A valid driving license of the insured to verify the authority to drive the vehicle.
Keys and Locks
All available sets of keys and locks of the stolen vehicle.
Previous Insurance Records
If applicable, documents related to any previous insurance claims or policies.
No Trace Report
If the vehicle is not recovered, a No Trace Report from the police stating that the stolen vehicle could not be located.
NOC from Financier
In the case of a financed vehicle, a No Objection Certificate (NOC) from the financing institution.
Letter of Subrogation
If the claim is paid to the policyholder, the insured needs to provide a letter of subrogation allowing the insurance company to take legal action against the guilty party.
The specific requirements may vary depending on the insurance company and policy terms. It is essential to promptly inform the insurance company about the theft and submit all the necessary documents to expedite the claim settlement process.
Documents Required Claim Settlement under Three Wheeler Auto Insurance Insurance
- ACCIDENTAL CLAIM -
Accident Claim Form
A duly filled and signed claim form providing details of the accident, the extent of damages, and injuries (if any).
Copy of the Insurance Policy
A copy of the valid and active insurance policy for the vehicle.
FIR/NCR Copy
A copy of the First Information Report (FIR) or Non-Cognizable Report (NCR) filed with the police in case of an accident.
Driving License
A copy of the valid driving license of the driver involved in the accident.
Vehicle Registration Certificate (RC)
A copy of the vehicle’s RC, which includes details such as the registration number, engine number, chassis number, etc.
Estimate of Repairs
An estimate of the repair costs from an authorized garage or workshop.
Photographs
Clear photographs of the accident scene, damages to the vehicle, and the location.
Witness Statements
Statements from any witnesses present at the time of the accident (if available).
Medical Records (if applicable)
Medical documents, bills, and reports in case of injuries to the insured or any third party.
Police Investigation Report (if applicable)
In case of a serious accident, a police investigation report may be required.
Contact Information for Claim Settlement: related to Three Wheeler Auto Insurance Insurance Policy
If Policy Obtained through Agent/Broker
Claims are the reason we get a car insurance in the first place! Therefore, ensure the claim process of your desired car insurance is smooth and doesn’t take too long. When you’re in trouble, the last thing you want is, to spend all your time and energy in just filing a claim!
If Policy Obtained Directly from Insurance Company
Claim Settlements are basically getting your compensations done right. Claims being such an important part of a car insurance, check for your desired insurer’s claim settlement ratio so that you’re assured that no matter what, your claims will be settled!
Claim Contact Information for Policy from Beemawala.com
If you have taken the policy from Beemawala.com, please use the following contact details to register your claim.
- Phone: +91-9654259715
- Email: services@beemawala.com
Frequently Asked Questions: Three Wheeler Auto Insurance
Three Wheeler Auto Insurance is a coverage that provides financial protection against risks like accidents, damages, and liabilities related to auto rickshaws or three-wheelers.
Yes, having valid insurance for your three-wheeler is mandatory by law in India. It is required to ensure financial protection for you and others on the road.
Three Wheeler Auto Insurance typically offers coverage for damages to your vehicle, third-party liabilities, injuries, and theft.
The two main types are Comprehensive Insurance and Third Party Insurance. Comprehensive covers damages to your vehicle as well as third-party liabilities.
Third Party Three Wheeler Auto Insurance covers only the legal liabilities arising from damages to third parties due to your three-wheeler.
Comprehensive Three Wheeler Auto Insurance covers damages to your own vehicle as well as third-party liabilities.
Yes, many insurance providers offer the convenience of purchasing Three Wheeler Auto Insurance online through their websites or insurance aggregators.
Factors like vehicle make, model, age, location, and your personal details contribute to the calculation of the premium.
In case of an accident, inform your insurer, gather evidence, and follow the claim process outlined by the insurance company.
Yes, you can transfer the insurance policy to the new owner of the three-wheeler. Make sure to inform the insurer and complete the necessary documentation.
Contact your insurer, provide necessary documentation, and follow their claim procedure.
Yes, you can transfer the insurance to the new vehicle by informing your insurer.
Some insurance policies might include personal accident coverage for the driver or owner. Check with your insurer for details.
The standard validity period is one year. You need to renew your policy annually to maintain continuous coverage.
Yes, you can add optional covers like Personal Accident Cover, Passenger Cover, and Zero Depreciation to enhance your coverage.
NCB is a discount offered on the premium for each claim-free year. It can significantly reduce your insurance costs over time.
Yes, you can switch to Comprehensive Insurance from Third Party Insurance by renewing your policy with a Comprehensive coverage option.
You can renew your Three Wheeler Auto Insurance online through the insurer’s website or insurance aggregators. Make sure to renew before the policy expiry.
Comprehensive coverage typically includes damages due to natural calamities such as floods, earthquakes, and storms.
The age of your three-wheeler might impact the availability of insurance options and the premium calculation.
Yes, discounts such as No Claim Bonus and membership of recognized automobile associations can help reduce your premium.
Compare quotes from different insurers, consider the coverage and premium, and choose a policy that suits your needs and budget.
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