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Motor Insurance
Extensive Network Garage Facility
Third Party liability Coverage
Personal Physical and Vehicle Damage Covered
Quick and Hassle-Free Process
Motor Insurance policies are the ones which are obligatory for all vehicles like four-wheelers, two-wheelers, including personal and commercial vehicles that run on the roads. The motor insurance is one of the compulsory documents that an individual requires to drive a vehicle without any legal trouble on the Indian roads.
The Motor vehicle insurances are designed to offer protection against any bodily injury or loss that your vehicle might sustain caused by natural calamities as well as man-made catastrophe. These insurances cover for the mandatory third-party liabilities along with protection against own-damage that might arise due to accidents, injuries, or even death of a third-party person.
With the availability of motor insurance online, it is very easy and convenient to buy insurance to protect your vehicle from damages and unfortunate accidents. Thus, comprehensive motor insurance permits insured vehicle owners to have stress-free drives on the roads and to be away from any worries of expenses incurred for damages caused to your vehicle due to any unforeseen event.
Types of Vehicles Protected Under Motor Insurance
Below are the various types of vehicles Protected Under Motor Insurance policy in India:
Car insurance coverage
A car insurance covers your vehicle against any loss or damage caused by accidents. This includes third-party liability insurance as well as comprehensive coverage for own damage depending on the policy you choose to buy. A four-wheeler insurance is a contract between a car owner and the insurer and as per the policy you choose the insurer covers the vehicle under a comprehensive or a third-party liability insurance policy.
Two-Wheeler insurance
the bike insurance offers protection against damages or loss caused to bikes and other two-wheelers against third-party liabilities for both property and individuals. Here also, as per your choice you can choose to have a comprehensive plan or a compulsory third-party insurance plan. The premium of the insurance depends on various things like age of two-wheeler, model, make and so on. It is important to compare policies well before buying the plan.
Commercial Vehicle Insurance
This policy allows commercial car drivers to protect their vehicles against any losses or damages. These policies reduce the burden of such commercial vehicle owners of the costs that they might have to incur in case of any untoward situation with the vehicle. Some commercial vehicles include trucks, good carrying vehicles and so on.
Kinds of Motor Insurances available in India
There are primarily three kinds of Motor insurance coverage available in India:
- Third-party insurance - The third party motor policy covers the third-party liabilities of vehicles and persons against injury, loss and damage of vehicles and properties of third-party that is caused by your insured vehicle. It is mandatory to have a third-party vehicle insurance for driving a vehicle in India.
- Comprehensive Insurance -This is an additional vehicle insurance coverage that can be bought in addition to the third-party insurance. This coverage protects the own-damages and loss of the vehicle that might occur due to any accidents or collision, theft, fire, natural calamities, man-made risks and so on.
- Pay as you drive insurance - This is a newly introduced insurance policy that allows insured individuals to pay insurance premium as per the driving requirement. So, you can pay the premium depending on the declared distance as affirmed by the policy seeker at the time of buying the policy. This insurance policy offers coverage for both third-party as well as comprehensive policy on yearly basis. Bharti AXA, Acko General, ICICI Lombard are currently offering this policy.
Features Of Motor Insurance
Below are the key features of Motor Insurance:
- Motor Insurance can be bought online in a simple and hassle-free manner.
- Motor vehicle insurance online can be renewed from the comfort of your home.
- It is possible to add or remove add-on coverage as per your requirement under a motor insurance policy.
- The add-on can be availed or removed at the time of buying a policy or at the time of motor insurance renewal.
- These insurances cover against accidental damages as well as against damages or loss caused by theft, fire, natural calamity and so on.
- These policies offer cashless claims in numerous cashless garages.
- They offer NO Claim Bonus facility.
- They offer better coverage as per plan and insurer.
- Also, you can compare policies online before buying the best policy for yourself.
Why Do You Need to Buy Motor Insurance?
Below are the reasons why you need to buy a Motor Insurance:
- Motor insurance is mandatory, at least the third-party insurance is compulsory for every individual to have.
- Every year lakhs of people die due to vehicle accidents, so having insurance is necessary.
- There are several benefits of buying vehicle insurance online.
- You can avail cashless claims at network garages.
- You get depreciation coverage.
- Vehicle insurance renewal can be done online as well as offline.
- You also get engine protection cover.
- You can have 24/7 road assistance and towing facility.
- It is easy and hassle-free to avail motor insurance online.
- There are numerous motor insurance companies in India offering vehicle insurance.
What is covered under motor insurance | What is not covered under motor insurance |
|---|---|
Below are the damages or loss covered under motor insurance:
| Below are the damages or loss not covered under motor insurance:
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Things to consider while buying Motor insurance Online
- Check the coverage that is required as per your need and vehicle type and choose to buy a third-party or comprehensive cover.
- Check the add-ons available with a particular policy or insurer.
- Check if the policy offers personal accident coverage.
- Also check if the claim process is simple or cumbersome so that you can easily make a claim when required.
- Also check if the insurer offers enough cashless network garage facility to avail cashless claims.
- See if the policy allows you to opt for zero depreciation cover to combat depreciation loss.
- NCB or No Claim Bonus is also required to be checked to see if the insurer offers a good discount of NCB.
- Finally, see how the premium of the policy is calculated and seek a low premium.
Frequently Asked Question
Motor insurance is a plan that covers vehicles against any costs incurred due to physical damage or loss and theft of a vehicle.
Below are some benefits mentioned:
- Damage or loss caused to insured vehicles due to accidents, fire, theft etc.
- Personal accident cover.
- Large network of garages.
- Coverage against third party liabilities.
- No claim bonus.
- Quick and hassle-free process.
- Customer support.
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:
- Cashless claims in a network of garages.
- Personal accident coverage.
- Coverage against third party liabilities.
- Damage or loss caused to insured vehicles due to accidents, fire, theft etc.
- No claim bonus.
- Quick and hassle-free process.
- Customer support.
Motor insurance is a plan that covers vehicles against any costs incurred due to physical damage or loss and theft of a vehicle.
Below are the types of insurance:
- Pay as you drive insurance
- Third-party insurance
- Comprehensive Insurance
There are three types of motor insurances including: Third-party liability insurance, Comprehensive Insurance and Pay as you drive insurance.
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
