November 2022

India is a unique market for electric vehicles, given that it has one of the lowest cars per capita in the world. However, the number of car owners and car insurance holders is steadily increasing. This fact, along with the growing awareness of the benefits of electric vehicles, could make our next generation of car owners turn to charging stations more than fuel stations. The government is aware of this new development and seems to be coming up with plans to support the domestic electric vehicle industry.

Here are some of the reasons why electric vehicles are poised to make a huge impact on the automotive industry and change the face of transportation.

• Environmentally friendly

The first reason to own an electric car is the fact that it is comparatively harmless to the environment. They have zero emission rates. This makes them ideal for urban environments since it helps maintain the natural composition of the air and reduce noise levels. Moreover, environmentally friendly cars often get a better deal on car insurance prices as well. *

• Cost-effective transportation

Electric vehicles are charged with electricity. This means you don’t have to buy fuel like petrol or diesel. As fuel prices rise, driving a fuel-based vehicle can burn a hole in your pocket. An electric vehicle allows an average Indian to save over ₹ 75,000 per year on fuel, thus avoiding this expense. Electricity is not free, but electric cars are much cheaper. The money you save on fuel can be used for so much more. For example, you can afford to buy better coverage for your vehicle. Use a car insurance calculator to get an idea of how much coverage you can afford to get. *

• Safe driving

Electric vehicles are tested for suitability and test procedures in the same way as conventional vehicles are. In the unlikely event of an accident, the airbags are expected to be deployed and the battery power supply will be cut off. This will prevent serious injury to you (the driver) and other car passengers. *

• Low maintenance

With no internal combustion engine and no need for lubrication, electric motors have fewer moving parts and fewer fluids (oil and transmission fluid) than internal combustion engines that run on petrol or diesel. So, regular maintenance is minimal. This has also reduced the maintenance costs of these cars. That, coupled with a good electric car insurance policy, ensures that your vehicle will be well taken care of.  *

• Government initiative

The government of India has mandated NITI Aayog to provide incentives to promote electric vehicles. The proposed plan includes a three-year exemption from parking fees and other charges, as well as a 10% reservation for electric cars in shopping malls, theatres, and other infrastructure. Due to the supposed increase in the price of oil products in the next few years, the government may provide subsidies for electric cars as well. This can help with the relatively higher electric car insurance cost. *

* Standard T&C Apply

Electric car insurance

Electric vehicles are becoming increasingly popular due to their affordability and environmental friendliness. And just like regular cars need gasoline or diesel for fuel, these cars need electricity, similar to your cell phone or laptop.

Electric vehicles are still not very common in India, so getting insurance for an electric vehicle is a little different. *

Advantages of electric car insurance

You cannot predict what will happen to your electric car. These types of cars have very complex technical and mechanical parts that help their smooth operation, but they may face problems at any moment.

Therefore, having insurance for EV cars can be a great help in case of unfortunate events, such as accidental damage, fire, natural disasters, or theft. It allows you to drive your car without worry. You should also keep in mind that, in India, it is mandatory to have at least a third-party car insurance plan. * Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

If you drive in India, you must have car insurance. As per regulations, you should at least have a third-party policy when driving your car. Failure to comply with this rule will result in heavy fines and other problems. For this reason, most car owners buy third-party plans just to avoid legal trouble. However, given the dangers of driving, you need more than basic liability coverage or comprehensive insurance. This is where add-ons come in.

Even by purchasing a comprehensive plan, car owners may not be able to purchase the exact coverage they want. This is because you need to buy car insurance online with a specific list of benefits. However, these benefits may not always provide adequate coverage. Differences often emerge when you have to make a claim. At this point, if you don’t like the coverage, it can make the vehicle insurance seem insufficient. Add-ons help you customize the policy to suit your needs. However, it’s important to know what you’re buying before you buy. Here is a quick overview of car insurance add-ons and the advantages they offer.

What are add-ons in car insurance?

Add-ons are additional coverages that you can purchase with your comprehensive car insurance policy. These add-ons offer different types of coverage in addition to the basic coverage of the policy. In return for these additional benefits, insurance companies charge extra premiums. However, for a minimal increase in premiums, these add-ons improve your overall coverage. You can find a list of add-ons on your car insurance provider’s website.

The easiest way to understand add-ons is to compare them to the icing on the cake. The icing is not the main part of the cake, but it can improve the appearance and taste of the cake. You can select your picks from a list of car insurance add-ons. Individually, they do not cost much. However, regardless of your coverage needs and budget, purchasing add-ons of any kind can increase your car insurance premiums. That’s why you should choose carefully which plugin you buy. You should use a motor insurance calculator to see how your choice of add-ons affects your premium. * Standard T&C Apply

A few popular add-ons include:

• Zero depreciation cover

Depreciation is a concept that relates to everything you own. This is best described as the property’s loss of value over time. This also applies to your car. You buy a car at a certain price, which is called the selling price of the car. This is what can be considered the monetary or market value of the car. This value decreases over time. So, if you decide to sell your car, you won’t get the money you paid for it. A low market value also affects policy coverage.

Zero depreciation coverage ensures that the depreciation of your vehicle does not affect your car insurance claim amount. This means you can get the entire claim amount without consideration of the depreciation value. *

• Consumables cover

Your car is not only your property but also your responsibility. To get the most out of your car, you need to keep it in the best possible condition. This means making sure that all components and mechanisms are in good condition. This maintenance includes regular replacement of car parts. These parts are called consumables. These include greases, lubricants, bearings, fuel filters, oil filters, brake fluid, etc. These payments can become very expensive over time and standard comprehensive car insurance does not cover this cost. With consumables coverage, this cost can also be included in your insurance coverage. If you haven’t covered your consumables, you can buy this add-on the next time you go for a vehicle insurance renewal. *

• Road assistance cover

You never know when your car will break down or crash. In such a situation, moving yourself and your vehicle to a safe place is your top priority. However, in some situations, you may be stuck on the side of the road trying to find a way home or another safe place. Roadside assistance coverage provides the help you need in an emergency. If you find yourself in a situation where you need help, you can contact your insurance company immediately. They can help you get services like tire changes, fuel deliveries, towing, and minor repairs. *

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

As a business owner, you know that there are many different services out there that can help your business run more smoothly. When it comes to manufacturing, there are a few specific services that you will need to have on call to keep your production running smoothly. In this blog post, we will discuss the services every manufacturer needs to stay productive and profitable.

Cleaning Services

Manufacturers across the globe can attest that a clean workplace is essential for productivity, efficiency and overall quality. From tiny microchips to enormous pieces of machinery, manufacturing necessitates the use of effective industrial cleaning services to rid the production environment of dirt, dust and leftover materials. Cleaning services are especially vital in industries like automotive, aerospace and electronics—where every speck of dust can directly affect the performance of products. Even if you don’t enjoy scrubbing your floors or wiping down surfaces, having a cleaning service on call is an investment in the success and longevity of your business and products.

Engineering and Design Services

An experienced engineering or design team is essential when it comes to producing high-quality products. An engineer can help with product designs, while a designer can create the 3D models and renderings of each component. Having experts on hand—whether on staff or on call as a consultant—who can give feedback on your manufacturing processes is invaluable.

Prototyping and Testing Services

Before manufacturing a product, it is important to have the prototype created and tested. Naturally, this will help to identify any potential problems before mass production begins. Having access to a reliable prototyping and testing service will ensure that your product meets industry standards and that each component works as intended.

Logistics Services

Logistics services are becoming a necessity for any kind of manufacturer that produces and ships products. With a reliable logistics provider on call, manufacturers can ensure their customer orders make it to their destinations safely and on time. Taking advantage of the expertise that logistics traders can provide, such as managing customer data, product labelling, and custom packaging and transportation means simplicity and efficiency when it comes to fulfilling each order. Plus, having access to international carriers takes away the burden of having to go through all the required paperwork and complicated laws associated with cross-border shipping. In short, having quality logistics services available means manufacturers don’t have to worry about anything other than meeting consumer demand.

When looking for a practical and cost-effective way of dividing the space in your office, you will want to consider using partitions. You can use various types of partitions in your office, depending on the look and feel you want and your budget. You will need to consider the best options for your office space when considering the different partition options and ensure you make the correct choice for your business. Below are some options you can consider using in your office that might be ideal and help you create a fantastic and productive workspace for your employees.

Single Glazed Partitions

When looking at glass partitioning for your office, there are many options available, and a common one you see in many offices is single-glazed partitions. They are an excellent way to divide space in your office but help maximise light levels, and there are also double-glazed options available if you need extra insulation. If your office is noisy, you can also consider getting acoustic glass partitions, which can help reduce noise levels and make a more comfortable working environment for your employees. You can help ensure you create a functional space that has plenty of light, but also helps keep the noise to a minimum and the office warm during the winter.

Demountable Partitions

When you often change the layout of your office space, you will want to consider using demountable partitions in your office layout. These types of partitions are designed to be taken down and put back up again in any configuration you want, and they are a highly versatile solution. You can also have the added benefit of claiming capital allowance tax incentives for machinery and plant in the workplace, and for more information on this subject, you can click here. These partitions are easy to install, and take down and move, and they are a cost-effective option that suits lots of different types of office spaces.

Switchable Glass Partitions

Another type of partition made from glass which is excellent for senior offices and meeting rooms is switchable glass partitions. There partitions look like regular glass ones, but with the switch of a button they can change from transparent to opaque, giving you privacy when needed. These can be a more expensive option, but they can help to create an excellent first impression when you have visitors to your office.

Drywall Partitioning

When you want a practical and affordable solution for your office, you can also consider using drywall partitions, which you can install quickly and easily. You can add additional acoustic or thermal insulation to your partitions if required, and you can paint them any colour you wish once installed. They are one of the most affordable options available, and they are common in offices throughout the UK, so plenty of companies can install these for you.

These are a few different available options, but there are more you can consider using for your office space. Ensure you select a quality and reputable company to install them for you, and you can create a fantastic-looking workspace that is comfortable for your employees and helps boost their productivity.