GENERAL INSURANCE

Motor Insurance

Motor insurance covers all damages and liability to a vehicle against various on-road and off-road emergencies. A comprehensive policy even secures against damage caused by natural and man-made calamities, including acts of terrorism.

Motor insurance offers protection to the vehicle owner against:

  • Damage to the vehicle
  • It also pays for any third party liability determined by law against the owner of the vehicle.

Motor insurance is mandatory in India as per the Motor Vehicles Act, 1988 and needs to be renewed every year. Driving a motor vehicle without insurance in a public place is a punishable offence.

In fact, the owner of the vehicle is legally liable for any injury or damage caused to a third party life or property, by or arising out of the use of the vehicle in a public place.

A comprehensive motor insurance policy would include personal accident and liability only policy (third party insurance) in addition to own damage cover (damage to owner’s vehicle) in one policy.

Common motor insurance categories include:

  • Two Wheeler Insurance
  • Commercial Vehicle Insurance
  • Car Insurance

There are some add on’s in motor insurance which includes roadside assistance, cashless servicing at nation-wide network of workshops and garages, personal accident cover, towing assistance.

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