Liberty Videocon And New India information includes incurred claims ratio, policy status, type of plan etc. Liberty Videocon Two Wheeler Insurance is a Comprehensive Policies where as New India Two Wheeler Insurance is Comprehensive Policy. For year 2014-15 incurred claim ratio of Liberty Videocon Two Wheeler Insurance is 87.27 %. However it is 86.83 % for Liberty Videocon Two Wheeler Insurance. Incurred claims ratios are specified as per IRDA publications.
Online buying feature is available in almost all policies. Since Liberty Videocon Two Wheeler Insurance is In-Force, one can buy it online at present time. In addition to this some insurers also provide a facility to renew policies online. Liberty Videocon Two Wheeler Insurance can be renewed online. On the other hand, New India Two Wheeler Insurance is In-Force, and this plan supports online buying.
Depreciation Rates For IDV are based on manufacturers' listed selling price of the brand, model of the vehicle and age of the vehicle. In case your vehicle gets stolen or damaged, insurance firm is liable to give the claim amount to the policy holder as per declared policy terms. Generally, depreciation rates remain same for all insurance providers. The depreciation rates are adjusted in the range of 5.00 % to 50.00 % for age of the vehicle less than 6 months to vehicle being 4 to 5 years old respectively.
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