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What is Motor Insurance?

Motor insurance is a type of insurance policy that provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. It is mandatory in India under the Motor Vehicles Act, 1988.

Key Benefits of Motor Insurance:

  • Financial protection against vehicle damage and theft
  • Third-party liability coverage for accidents
  • Personal accident cover for owner-driver
  • Legal compliance with government regulations
  • Peace of mind while driving on roads
  • Coverage for natural calamities and man-made disasters
Motor Insurance

Why You Need Motor Insurance?

Motor insurance is not just a legal requirement but a crucial financial safety net that protects you, your vehicle, and others on the road. Here's why having comprehensive motor insurance is essential:

Legal Compliance

Mandatory under Motor Vehicles Act, 1988 with protection against hefty fines and legal penalties.

Financial Protection

Covers expensive repair costs, protects against theft, and provides compensation for total loss scenarios.

Peace of Mind

Drive with confidence with 24/7 roadside assistance and quick claim settlement process.

Private Car Insurance

Covers personal-use four-wheelers against damage and third-party liabilities.

  • Full value of parts replaced—no depreciation deduction
  • Covers engine damage due to water ingress or oil leakage
  • On-the-spot towing, jumpstart, fuel delivery
  • Reimburses invoice price instead of IDV on total loss
  • Covers costs of nuts, bolts, oil, etc. used in repairs
  • Retains No Claim Bonus even after a claim
  • Covers injuries or death of owner-driver
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Two-Wheeler Insurance

Covers motorbikes/scooters for own-damage and third-party risks.

  • Full reimbursement of damaged parts without depreciation
  • Covers damage/loss of helmet
  • Covers water-induced engine damage
  • Emergency services if bike breaks down
  • Retains bonus on premium renewal
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Commercial Vehicle Insurance

Covers vehicles used for transporting goods or passengers for business.

Goods-Carrying Vehicles (e.g., Trucks, Tankers)

Passenger-Carrying Vehicles (e.g., Bus, School Van)

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Miscellaneous Vehicles (e.g., JCB, Tractor, Ambulance)

Non-standard motor vehicles used for agriculture, construction, utility.

  • Limits cosmetic/external part liability
  • Includes special electronic systems installed
  • Covers injury to machine operator
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Benefits of Motor Insurance

Motor insurance offers comprehensive protection and numerous advantages that make it an essential investment for every vehicle owner. Here are the key benefits you can enjoy:

Financial Benefits:

  • Complete coverage for vehicle repair and replacement costs
  • Protection against theft and total loss scenarios
  • Coverage for third-party property damage and bodily injury
  • No Claim Bonus (NCB) discounts on policy renewal

Legal & Compliance Benefits:

  • Fulfills legal requirements under Motor Vehicles Act
  • Avoids penalties and legal complications
  • Required for vehicle registration and renewal
  • Valid insurance certificate for traffic checks

Additional Services & Support:

  • 24/7 roadside assistance and emergency support
  • Cashless claim settlement at network garages
  • Quick and hassle-free claim processing
  • Coverage for natural calamities and riots
  • Personal accident cover for owner-driver