Hyundai Verna Car Insurance

The Hyundai Verna’s premium features, safety advancements, and luxurious feel have attracted several Indian customers throughout the years. Since its debut in 2015, Hyundai has launched this well-liked sporty sedan car in several variants.

For each variant and customers’ unique coverage needs, Reliance General Insurance offers Hyundai Verna car insurance plans tailored to suit their needs. We offer third-party, own-damage and comprehensive Hyundai Verna car insurance with an increasing degree of coverage points.

Here is a guide to choosing the best car insurance for Hyundai Verna from Reliance General Insurance. This guide will also explain our various coverage options and optional add-ons in detail and provide easy steps to buy Hyundai Verna insurance online.

How to Buy Hyundai Verna Car Insurance?

Steps to Buy Hyundai Verna Car Insurance Online

1. Go to the official website of Reliance General Insurance. On the homepage, click on “Explore Products” to view our car insurance plans.
2. Select the appropriate car insurance plan from our range of plans for your Hyundai Verna.
3. Enter your Verna’s important details, such as registration number, model, variant, etc. Also, add your personal details such as name, mobile number, email address, etc., as required.
4. Once you provide us with the required information, we will generate an instant quote with premium prices.
5. Review the quote and complete the payment to buy the Hyundai Verna insurance.

Hyundai Verna Car Insurance Offline Buying Process

1. Use our online branch locator ​tool to find the nearest Reliance General Insurance branch in your city.
2. Carry all the required documents, including your identity proof, address proof, the Verna’s original registration certificate, etc.
3. Fill out the application form and select the plan you want for your car.
4. Complete the payment using your preferred mode of payment and receive the policy document.

Hyundai Verna Car Insurance Renewal Online Process

1. Visit Reliance General Insurance’s online policy renewal portal for instant Hyundai Verna car insurance renewal in India.
2. You can either proceed with your current policy number and vehicle details or with your registered mobile number.
3. Review your current Hyundai Verna yearly insurance details and modify them if needed. For example, you can opt for an optional add-on for enhanced coverage or modify your IDV.
4. Verify your details and confirm your choices.
5. Complete the payment for instant Hyundai Verna insurance renewal online. We will then send your updated documents to your registered email address.

How Can You Buy Second-Hand Hyundai Verna Car Insurance with Reliance General Insurance?

Purchasing second-hand Hyundai Verna car insurance with Reliance General Insurance is a seamless process. Follow these steps:

Vehicle Inspection 

The first step to buying insurance for a used Verna is an inspection to evaluate its condition and engine health. We conduct this step to ensure appropriate coverage is offered.

Document Preparation

Before proceeding with the paperwork, ensure that you have all the necessary documents to prove the RC transfer. This includes signed forms 29 and 30, insurance policy documents, proof of identity and proof of ownership transfer.

Online Application

Visit the Reliance Car Insurance page to buy a suitable policy online. Enter your Hyundai Verna’s registration details and personal information, and select a suitable policy.

Policy Customisation

You can also adjust the coverage of your selected base policy by opting for optional add-ons, such as nil depreciation, NCB retention cover, engine protection cover, etc.

Payment and Confirmation

Pay the Hyundai insurance cost online. You will receive the policy document instantly via email for your convenience.

If you have any queries, contact the Reliance helpline (022-4890 3009) or access our Self-Help Portal.

Why Do You Need Hyundai Verna Insurance in India?

• Financial Protection: Hyundai Verna insurance shields you from significant expenses caused by accidents, theft or natural calamities, ensuring peace of mind.
• Legal Requirement: A valid third-party insurance policy is mandatory under the Motor Vehicles Act of 1988. According to this rule, third-party car insurance for Hyundai Verna protects you from legal penalties and obligations.
• City-Specific Risks: Urban areas face high accident rates and theft risks. Whereas less crowded cities require different coverage options. Thus, our Hyundai Verna car insurance provides coverage for such incidents, reducing financial stress.
• Resale Value: ​A Verna car with a robust, popular Hyundai Verna insurance maintains a higher resale value. It helps you attract buyers and ensures fair compensation during resale.

Reliance Features and Benefits of Hyundai Verna Car Insurance

Reliance General Insurance ensures your Hyundai Verna gets optimal protection with the following features and benefits:

Comprehensive Coverage

Hyundai Verna vehicle insurance by Reliance General Insurance offers extensive protection against theft, accidents, natural calamities, fire and third-party liabilities. It also covers personal accident damages, safeguarding the owner-driver.

Affordable Premiums

Our flexible insurance for Hyundai Verna allows you to select coverage that fits your budget without compromising on benefits. Our plans start only at ₹238/month, making high-grade protection accessible for everyone.

Cashless Repairs

With Reliance car insurance for Hyundai Verna, you can benefit from our wide network of 10,000+  authorised garages across India. With such a wide network, seamless and cashless repair services are available to everyone.

Wide Range of Add-Ons

Enhance your policy with our add-on options, such as Tyre Protection, Return to Invoice Cover, 24/7 Roadside Assistance and more. These add-ons provide tailored solutions to specific risks.

Quick Claim Settlement

Reliance Car Insurance for Hyundai Verna prides itself on fast and efficient claim processing. We require minimal paperwork and ensure low disruption during emergencies. We ensure a claim survey is conducted within 48 hours of claim initiation.

24x7 Customer Assistance

We have a dedicated helpline and a self-service portal to offer round-the-clock assistance. This ensures prompt assistance for queries related to claims and insurance processes.

Digital Convenience

Our best insurance for Hyundai Verna car policies can be bought, renewed and managed online. This helps reduce paperwork and save time. To facilitate this, we offer our services through our website and mobile application.

Protection Against Perils

Our Hyundai Verna insurance offers coverage for damages caused by various perils. These include natural calamities like floods and earthquakes, accidents, theft and other man-made disasters like vandalism.

Reliance Hyundai Verna insurance ensures financial protection, convenience and peace of mind for car owners, making it a reliable and comprehensive choice.

Types of Reliance Hyundai Verna Car Insurance Plans

Hyundai Verna Insurance Coverage - Key Inclusions & Exclusion

Insurance For Hyundai: Inclusions

• Third-Party Liability: Covers damages caused to third-party vehicles or property.
• Personal Accident Cover: Provides protection up to ₹15 lakhs for the owner-driver.
• Comprehensive Coverage for Your Verna:
  • Damages sustained during transit.
  • Losses due to burglary, theft, or housebreaking.
  • Damages caused by natural calamities such as floods, earthquakes, hurricanes, and more.
  • Fire-related incidents, explosions, self-ignition, or lightning.
  • Accidents leading to damage to your vehicle.
  • Damages from terrorist activities.
• Optional Add-Ons:​ Extend your policy with features like zero depreciation or engine protection, offering a tailored coverage experience.

Insurance of Hyundai Verna: Exclusions

• Claims due to normal wear and tear or vehicle ageing.
• Damage caused by radiation or radioactive contamination.
• Using the vehicle for unintended purposes.
• Claims where the driver does not hold a valid driving licence.
• Violation of traffic rules under the Motor Vehicles Act, 1989.
• Negligence-related damage or loss occurring outside the insured geographical area.
• Damage caused by war, invasion, or nuclear weaponry.
• Driving under the influence of alcohol or drugs.

Hyundai Verna Insurance Add-On Options

Enhance your Hyundai Verna insurance with the following add-ons:

• Nil Depreciation Cover: Ensures full claim payout without factoring in depreciation for replaced parts.
• Total Loss: Refunds your Hyundai Verna’s full on-road price, including the amount you’ve paid towards registration and road tax, in case your car is declared a total loss.
• Pay-As-You-Drive Cover: Adjusts premiums based on your annual mileage, making insurance affordable.
• Engine Protection Cover: Safeguards against engine-related damages from water, oil leaks, or mechanical failure.
• Consumables Cover: Compensates for costs of items like nuts, bolts, and coolants during repairs.
• Return-to-Invoice Cover: This insurance for Hyundai add-on cover reimburses the car's purchase price in cases of total loss or theft.
• NCB Retention Cover: Preserves your No-Claim Bonus even after filing a claim.
• EMI Protection Cover: Covers EMI payments if the car remains in repair for more than 21 days.
• Geo Extension Cover: Extends coverage to select neighbouring countries.
• Tyre Protection Cover: Covers repair or replacement costs for damaged tyres.
• RIM Protection Cover: Covers any damage that occurs to the rims of your Hyundai Verna.
• Daily Allowance Cover: Provides financial support for alternate transportation during prolonged repairs.
• 24x7 Roadside Assistance: Offers towing, fuel delivery, and on-road breakdown assistance.
• Key Replacement Cover: Covers replacement costs for lost or damaged keys and locks.
• Loss of Personal Belongings Cover: Compensates for theft or damage to personal items in your car.
• Electrical Accessories Cover: This add-on insurance of Hyundai Verna protects additional electrical modifications like GPS or audio units.
• Non-Electrical Accessories Cover: Covers damage caused to non-electrical modifications like seat covers or roof racks.
• Emergency Hotel Stay Cover: Reimburses hotel expenses if breakdowns delay travel.

These add-ons ensure comprehensive coverage, tailored for Hyundai Verna owners, offering enhanced safety and peace of mind.

Step-by-Step Guide for Hyundai Verna Car Insurance Claim Process

Hyundai Verna Car Insurance Claim: Cashless Process

1. Claim Intimation: Notify Reliance General Insurance about the claim by calling their helpline at 022-4890 3009 or logging into the Reliance Self-i App.
2. Vehicle Inspection: A surveyor will assess the damages sustained by your Hyundai Verna.
3. Document Submission: Provide the surveyor with the necessary documents, including your driving licence, car registration certificate, and policy details.
4. Claim Approval: After your Hyundai Verna insurance claim is approved, repairs can proceed at any authorised network garage.
5. No Upfront Payments: Enjoy a seamless experience as repair costs are directly settled with the garage.

Hyundai Verna Car Insurance Claim: Reimbursement Process

1. Claim Notification: Begin the process by notifying Reliance General Insurance via the same claim intimation channels.
2. Evidence Collection: Collect and submit proof related to the incident, such as photos, details of third-party involvement, and an FIR, if applicable.
3. Claim Form Submission: Fill out the claim form on the Reliance General Insurance Claims page, providing all necessary incident details.
4. Receipt Compilation: ​Retain and submit all garage repair bills and invoices during the claim process.
5. Track Your Claim: Monitor your insurance for Hyundai claim status online using your policy or claim number.

Documents for Hyundai Verna Insurance Claim

• Policy number of insurance for Hyundai Verna and contact information.
• Copy of the driving licence
• Details of the incident (date, time and location)
  
• Description of the extent of damage or loss.
• Repair bills and garage details
• FIR (for third-party claims or theft)
• Signed Forms 28, 29, and 30 for liability admissions
• NOC from the financer (if applicable)

Having these documents ready will streamline your Hyundai Verna car insurance claim process, ensuring faster resolutions and minimal delays.

Useful Links:

• Required Documents Based on Claim Type

Hyundai Verna Cashless Insurance Claims vs. Reimbursement Insurance Claims

Car Insurance for Hyundai Verna Premium

Model and Variant

Each Hyundai Verna variant has unique features and costs that impact its Insured Declared Value (IDV) and associated premium. Therefore, high-end variants with advanced features often have higher Hyundai insurance prices.

Vehicle Age and IDV

Older cars face depreciation due to wear and tear and thus have a reduced market value. Conversely, newer Verna cars will have a higher market value and, therefore, a higher IDV than an older model. As a result, older cars have lower premiums, and new cars have higher premiums.

Coverage Type

Your coverage preference will also determine the premium rates. If you opt for our comprehensive car insurance policy, your premium will be higher. However, if you opt for our third-party car insurance, you will have limited coverage and, therefore, lower premium prices.

No Claim Bonus (NCB)

The number of consecutive claim-free years also influences your car insurance premium rates. For example, if Ramesh has not claimed his car insurance for five consecutive years, he will earn a 50% discount when renewing his policy.

Add-On Covers

We offer 10+ optional add-on covers designed to enhance the protection of your Verna car. However, choosing optional add-ons such as nil depreciation, NCB protection cover, loss of personal belongings cover, etc., increases the Hyundai car insurance price.

Geographical Location

Cities with high traffic or theft risks, like Mumbai or Delhi, usually have higher premiums. On the other hand, cities with relatively lower traffic problems or low natural disaster risks will have lower premiums.

How to Calculate Your Hyundai Verna Car Insurance Premium?

To calculate an estimate for your car insurance for the Hyundai Verna and understand the influence of the factors mentioned above realistically, use our car insurance premium calculator. Here is how to use the tool:

1. Navigate to Reliance General Insurance's premium calculator section.
2. Provide car details like model, age, registration city, and type of coverage required.
3. Choose add-ons like Engine Protection, Pay-As-You-Drive, or Roadside Assistance for an enhanced plan.
4. Instantly view a breakdown of the premium and adjust options for an ideal balance of cost and coverage.

This calculator simplifies decision-making, helping you secure a plan tailored to your Hyundai Verna’s needs.

Hyundai Verna Insurance: Third-Party Insurance Premium

The above tool will help you determine an accurate estimate for our own damage or comprehensive plans. However, for third-party car insurance, refer to the table below:

Hyundai Verna Car Insurance Rates for Private Cars

Hyundai Verna Car Insurance Rates for Electric Cars

Hyundai - Overview and USPs

Hyundai is a globally recognised automobile brand offering premium quality and innovative designs. In India, Hyundai holds a significant market share, providing vehicles tailored to diverse consumer preferences:

• Technological Edge: Features cutting-edge technologies like Bluelink connectivity, advanced safety systems, and high-performance engines for modern drivers.
• Diverse Portfolio: From the budget-friendly Santro to the luxury Tucson and EVs like the Kona, Hyundai caters to every segment.
• Eco-Friendly Focus: Pioneering green mobility with hybrid and electric vehicles, reducing environmental impact.
• Extensive Service Network: Hyundai’s wide network ensures hassle-free maintenance and robust customer support.
• Design Excellence: Renowned for its sleek, dynamic design language, including its hallmark Sensuous Sportiness.
• Affordable Luxury: Offers premium features at competitive prices, balancing cost-effectiveness and quality.

Hyundai Car Name and Prices

Reliance Hyundai Car Insurance for Popular Hyundai Models

Frequently Asked Questions (FAQs)

• What does Hyundai Verna insurance cover?

Our coverage for your Hyundai Verna depends on your choice of insurance plan. Our comprehensive car insurance offers extensive coverage against various perils. It includes protection against third-party liabilities, damages from accidents, theft, natural disasters, and optional add-ons like Key Protection, Consumables Cover, etc.

• How do I buy Hyundai Verna insurance?

You can purchase the Verna car insurance through two methods: online and offline. Choose your mode of purchase based on your preference. You can purchase it only in just four easy steps:

1. Visit the Reliance General Insurance website and navigate to the car insurance page.
2. Enter your car and your details.
3. Choose your coverage, including the base plan and add-ons.
4. Review the quote and complete the payment.

• Are there discounts for Hyundai Verna insurance?

We offer discounts of up to 90% on premiums for online policy purchases. Additionally, you can also get discounts via No Claim Bonus (NCB) for claim-free years.

This varies depending on the number of consecutive claim-free years. To reduce your premium further, opting for voluntary deductibles or installing ARAI-approved anti-theft devices also gets you discounts.

• Can I transfer my Hyundai Verna insurance?

Yes, insurance can be transferred when selling the car. Ensure the ownership change is documented. For a smooth transfer process, prepare the documentation accurately and have your car inspected by our experts.  

• How much does Hyundai Verna insurance cost?

Your Hyundai Verna insurance cost depends on various factors. These factors influence the premium prices directly, such as coverage type, add-ons, model, etc. To explain this better, consider the following example:

Rajesh from Mumbai owns a Hyundai Verna SX(O) Diesel Automatic. He opts for a comprehensive insurance policy with nil depreciation add-on.

On the other hand, Suresh owns the same vehicle in Mumbai and opts for our third-party car insurance policy with no add-ons. Here, the price of Rajesh’s insurance will be higher than Suresh due to higher coverage.

• What factors affect Hyundai Verna insurance premiums?
  • Vehicle age and condition
  • Coverage type (third-party or comprehensive)
  • Location and traffic density
  • Add-ons like Zero Depreciation or Roadside Assistance
  • Claim history
  • No Claim Bonus
  • Driving history
  • Age of the vehicle
  • IDV

Disclaimer:

*T&C Apply. For more details on risk factors, terms conditions, brochure, and exclusions, please read the policy wording and CIS carefully before concluding a sale.

Customer Count: The total no. of customers insured data is for FY24 and has been picked up from the number of lives insured for Health, Personal Accident, Overseas Travel, Domestic Travel, Workmen Compensation and Crop Insurance, Weather LOB & Fire LOB provided by IRDAI count that is master policy count. Other than these LOBs, we have also provided data for the number of certificates issued.

Claim Settlement Ratio: This is the overall claim settlement ratio for FY 2023-24 without claim outstanding at the start of the financial year as per public disclosure of Reliance General Insurance Co. Ltd.

Premium: The premium mentioned for car Insurance excludes taxes for the private car model Maruti Suzuki Alto 800 with a cubic capacity of less than 1000 cc for a 1-year Own Damage Insurance policy for an IDV of ₹2,34,728. The premium used is 2,853/year as of 1 March 2023 and then converted into a per-month basis, which gives us ₹238/month (2,853/12).

Discount: The discount varies basis vehicle specifications, No Claim Bonus discount and Geographical location of the vehicle to be insured. Discounts have been calculated on the basis of the rates prescribed under erstwhile Indian Motor Tariff. Discounts are applicable only to the Own Damage section and discounts may vary as per the vehicle make, model, RTO, age of the vehicle and addition of add-ons like Reliance Limit Sure-Pay As You Drive.

Comprehensive Car Insurance/Car Insurance UIN: Details mentioned here are for the product- Reliance Private Car Package Policy. UIN: IRDAN103RP0010V02100001; Reliance Private Car Policy – Bundled, UIN: IRDAN103RP0007V02201819; Reliance Private Car Policy- Standalone Own Damage UIN- IRDAN103RP0001V01201920; "A" Policy for Act Liability Insurance ( Pc /Tw/Commercial ), UIN: IRDAN103RP0003V01200102; A" Policy for Act Liability Insurance (Private Car) – 3 years, UIN: IRDAN103RP0003V01201819.

Own Damage UIN: Details mentioned here are for the product- Reliance Private Car Policy- Standalone Own Damage, (UIN-IRDAN103RP0001V01201920)

Third-Party UIN: Details mentioned here are for the product- "A" Policy for Act Liability Insurance ( Pc /Tw/Commercial ), UIN: IRDAN103RP0003V01200102; A" Policy for Act Liability Insurance (Private Car) – 3 years, UIN: IRDAN103RP0003V01201819