Motor Insurance

A motor insurance policy is compulsory for all vehicles, including personal and commercial vehicles that ply on Indian roads under the Motor Vehicle Act, 1988. The policy covers the financial losses incurred to the insured vehicle, in accidents, to the third-party or his vehicle and property. It also protects the insured and their vehicle against ‘own-damage’ caused by natural or man-made calamities.

Keeps you legally compliant: Motor insurance keeps you legally compliant according to the Indian Motor Tariff. It is mandatory to have at least a third-party motor insurance policy to ply on the road, without which you can be charged a fine or imprisoned.

Covers you against third-party liability: This type of insurance covers you against the legal liabilities that arise in case of loss/damage caused by the insured vehicle to a third person’s body or property.

Covers you for your own-damage: Damages to ]the insured’s vehicle due to an accident, natural calamities, man-made disasters, fire, defacement, etc. are covered under stand-alone own-damage as well as comprehensive motor insurance plans.

Personal accident (PA) cover: PA cover with a motor insurance policy will pay you for the compensation in case of bodily injuries, death, or any permanent disability arising due to an accident.

Enhanced coverage: You can enhance your coverage by choosing any add-ons like zero depreciation, engine protection, roadside assistance, etc.

No-claim bonus: During the tenure of the motor insurance, if no claims have been made, then the insured is eligible for a ‘no-claim bonus’ on renewal of the policy. Get a no-claim bonus benefit ranging between 20%-50%.

Other discounts: Get a discount for installation of anti-theft device, voluntary deductibles, and Automobile Association of India membership

Cashless repairs: You can select the network garages of your nearest location listed on the Mahindra Paybima website to avail of cashless benefits. Easy reimbursement: Reimbursement refers to when the insured pays for the repair cost and later can claim the bill from the insurance company.

Motor insurance is a plan that covers vehicles against any costs incurred due to physical damage or loss and theft of a vehicle. Some features include:

Easy online plan purchase and renewals: You can opt for motor insurance purchase and renewal online, from the comfort of your home. You can also opt for assistance from our certified insurance advisor at any point.

Transparent claims process: The claim process is displayed at the time of policy purchase. Both cashless and reimbursement claim processes can be carried out smoothly.

Flexibility of coverage: Choose from stand-alone third-party, comprehensive or stand-alone own-damage cover for your vehicle as per your need.

Improved coverage: When you choose a comprehensive coverage or stand-alone own-damage cover, you can improve the coverage by choosing from add-ons like engine protection, zero depreciation, consumables, key replacement, etc.

Motor insurance is a plan that covers vehicles against any costs incurred due to physical damage to or by the insured vehicle or loss and theft of a vehicle.

• Stand-alone third-party insurance (SATP)
• Comprehensive insurance
• Pay-as-you-drive insurance
• Stand-alone own-damage insurance (SAOD)
• Long-term liability cover
• Bundled plan

Auto insurance is a mandatory cover that is needed when you drive your vehicle on the road. Besides being a mandatory cover, a two-wheeler insurance policy covers expenses related to damage/loss to a third-party and own-damage/loss for vehicles, individuals and property. You can choose a comprehensive plan, a stand-alone third-party insurance plan or a stand-alone own-damage cover as per your need.

Auto insurance is required to protect your vehicle against any unforeseen liabilities

Below are the types of insurance:

• Third-party insurance
• Comprehensive Insurance
• Pay as you drive insurance