Motor / Vehicle or auto insurance, is essential for all vehicle owners in India. It provides financial protection against damages to your vehicle, theft, and third-party liabilities arising from accidents. As per Indian law, having at least third-party motor insurance is mandatory for every vehicle owner.
Types of Motor Insurance Policies
Third-Party Liability Insurance:
This is the minimum legal requirement for vehicles in India. It covers bodily injuries, death, and property damage caused to third parties in an accident involving your insured vehicle. However, it does not cover damages to your own vehicle.
Own Damage Insurance:
This standalone policy covers damages to your own vehicle due to accidents, theft, fire, or natural disasters. It can be purchased in addition to third-party insurance for broader protection.
Comprehensive Insurance:
Comprehensive car insurance offers the most extensive coverage. It includes both third-party liability and own damage cover, along with protection against theft, fire, natural and man-made calamities, and personal accident cover for the owner-driver. Add-ons like zero depreciation, roadside assistance, and engine protection can further enhance your coverage.
Key Benefits of Motor Insurance
Financial protection against accidents, theft, and disasters
Coverage for third-party liabilities and legal expenses
Personal accident cover for the owner-driver
Cashless claim settlement at network garages
Customizable add-ons for enhanced protection
Types of Vehicles Covered
Private cars
Two-wheelers (scooters, motorcycles, mopeds)
Commercial vehicles (trucks, buses, vans)
Why Choose the Right Motor Insurance?
Selecting the right motor insurance policy ensures peace of mind and financial security for you and your loved ones. Comprehensive coverage is especially recommended for broader protection, while third-party insurance is a legal necessity for all vehicles on Indian roads.
For personalized guidance and to explore the best motor insurance plans for your needs, consult with our experts today.
