What is bundled insurance?

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The bundled motor policy offers mandatory third party insurance for a longer duration. One can pay a premium for (OD) own damage coverage for just one year and renew it annually. At the same time, it will offer third party coverage for 3 years in the case of cars.

What is bundle plan in insurance?

Bundling insurance policies broadly happens as product bundling or price bundling. In other words, it means that you are buying more than one insurance cover from a single company or getting discounted premium by choosing multiple products. Aug 28, 2015

Do you have to live at same address for multi car insurance?

No, you can cover all the cars registered at one address no matter who they belong to, as there will be multiple policyholders. For immediate family members they can still be covered under your policy, even if they live at different addresses.