What is Motor Insurance

Motor insurance is a policy that protects you against financial losses if your vehicle is involved in an accident, gets stolen, or faces any damage. It covers not just the damages to your vehicle but also any liability or injury to third parties.

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Types of Motor Insurance

Motor insurance is a policy that protects you against financial losses if your vehicle is involved in an accident, gets stolen, or faces any damage. It covers not just the damages to your vehicle but also any liability or injury to third parties.

Third-Party Liability Insurance

The third-party liability insurance is always mandatory for all vehicle owners. This insurance covers damages including injuries and death caused by the insured vehicle to third parties or property. However, it will not cover damages to the vehicle belonging to the policyholder or personal injuries.

Comprehensive Motor Insurance

The other kind is called a comprehensive policy whereby it covers third-party liabilities and damages to the person's vehicle. This will incorporate accidents, fire, thefts, natural disasters, and in some cases, even damages caused by vandalism.

Comprehensive Motor Insurance

The other kind is called a comprehensive policy whereby it covers third-party liabilities and damages to the person's vehicle. This will incorporate accidents, fire, thefts, natural disasters, and in some cases, even damages caused by vandalism.

Standalone Own-Damage Insurance

Own-damage insurance covers damages to the policyholder's vehicle but does not cover third-party liabilities. It is helpful for people who have already covered their third-party liabilities but still want to cover their vehicles from accidents, theft, and natural calamities.

Pay-As-You-Drive Insurance

Pay-as-you-drive insurance calculates premiums according to the usage of a car. It is suited to infrequent drivers as they will be given cheaper premiums, considering it takes account of kilometers used, offering a flexible option for people not using their vehicles every day.

Commercial Vehicle Insurance

It also offers commercial vehicle insurance to business operational vehicles and offers damage coverage, theft, and third-party liabilities. Such cover is necessary for the protection of trucks, taxis, buses, and other business transport tools from the financial liabilities of both the vehicle and the business.

Personal Accident Cover

Personal accident cover should normally be an add-on covering compensation due to injury, disability, or death from the owner/driver. It will provide financial support for medical expenses and further support with security for drivers and families.

FAQ

Insurance Terminologies

Premium

The amount you pay regularly to keep your insurance active. (वह राशि जो आप अपने बीमा को सक्रिय रखने के लिए नियमित रूप से देते हैं।)

Claim

Deductible

No Claim Bonus (N.C.B.)

Policy

Coverage

Understand Auto Insurance Policy

Financial protection from large expenses due to damage or theft, coverage for losses from both natural and man-made disasters like floods or vandalism

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