Theft and Car Insurance in India

Published by: SBD Ltd.

Published: Feb. 1, 2008 - 22 Pages

Table of Contents

Theft and car insurance in India

1. Executive summary

1.1 Key conclusions

1.2 Overview

1.3 Current Situation

1.4 Future Changes

2. India

2.1 Insurance Situation

2.1.1. Insurance Association

2.1.2. Insurance Offered

2.2 Cost of Ownership

2.2.1. Insurance Premium

2.2.2. Damage and Repairability (D&R)

2.3 Market Situation

2.3.1. Theft Data

2.3.2. Theft Reduction Strategies

2.4 Security Requirements

2.4.1. High Security Number Plates

2.4.2. Industry Standards

2.5 Security Benefits

2.6 Future Developments

2.6.1. Government Activity

2.6.2. Manufacturers and Suppliers

List of figures

Figure 1. Car theft rates by country

Figure 2. Map of India

Figure 3. Domestic new vehicle sales

Figure 4. Market share by manufacturer (passenger cars only)

Figure 5. India car theft data

Figure 6. Percentage of cars recovered after theft

List of tables

Table 1. Market share of motor insurance companies in India (January 2007)

Table 2. Indian models with engine immobilisers

Table 3. Summary of AIS-075, unauthorised use

Table 4. Summary of AIS-076, vehicle alarm systems (VAS)

Table 5. Summary of AIS-076, immobilisers and testing

Table 6. Summary of benefits for anti-theft devices

Abstract

From October 2008, new legislation is being introduced in India which will increase the insurance requirements relating to vehicle security and create a new market opportunity for vehicle manufacturers and suppliers.

Whilst compliance with anti-theft standards in India is currently voluntary, the new legislation will make the fitment of immobiliser systems compulsory and in so doing, stimulate growth in the vehicle security industry.

Theft and car insurance in India contains vital market and technical information on the current insurance situation in India, and provides manufacturers with a clear guide to the security levels they must achieve to comply with the new legislative requirements.

This report will help you to:

• Understand the current insurance system in India and the legislative changes being introduced in 2008
• Learn about the Indian market, including sales, theft data and theft reduction initiatives
• Gain an insight into cost of ownership issues and understand how Indian standards for security compare to those set by the EU

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