- Motor insurance
Motor / Vehicle Insurance
- Vehicle Insurance or Motor Insurance
About Vehicle Insurance
Vehicle insurance or motor insurance refers to an insurance policy that provides coverage for four-wheelers, commercial vehicles like trucks, buses, etc., and two-wheelers. Vehicle insurance offers coverage against third-party liabilities and accidental damages suffered by the insured vehicle due to accidents, fire, natural calamities and thefts.
- Motor / Vehicle Insurance in India
Types of Motor / Vehicle Insurance in India
There are mainly three types of motor insurance in India. The following sections explain the same.
Car insurance is an insurance policy that offers coverage against accidental damages or theft of the car or damages caused to the third party property or life due to the insured car. Buying a third-party liability policy is mandatory as per law. However, for financial backup against damages to your car, you must opt for own-damage cover or a Comprehensive Car Insurance Policy.
Two-wheeler insurance is an insurance policy that provides coverage for all types of two-wheelers like scooters, mopeds, bikes, sports bikes, etc. The insurance provides coverage against financial and legal liabilities such as accidental damages to the insured vehicle and damages to the third party property or injury/death of a third party caused due to the insured bike. Similar to car insurance, buying third-party cover is mandatory, and the own damage cover is optional.
Commercial vehicle insurance is an insurance policy that covers commercial vehicles like trucks, buses, etc. The coverage is similar to car/bike insurance. It covers accidental damages to the insured vehicle and third-party liabilities. All commercial vehicles must have at least a third-party liability policy to comply with the law.
- Motor Vehicle Insurance
Features of Motor Vehicle Insurance
Motor vehicle insurance comes with several key features. The following table explains the benefits and top features of purchasing vehicle insurance online.
Purchase and renew the policy anytime from anywhere.
Forget form-filling and tedious documentation work.
Do not hire any middlemen. Hence, we can offer policies at low premiums as they have a low operational cost.
Online infrastructure helps digital-first insurers to issue policies, settle claims, and service policyholders in a hassle-free way.
Policies can be renewed almost instantly with the help of our experts.
Right from researching plans, buying them, renewing them or making claims, online insurance is more convenient, time-saving and effective.
- Customer Feedback
We are focussed on establishing a long-term, enduring relationship with you, built upon mutual trust.
- From our Thought Leaders
