Motor Insurance
image

Car Insurance

Car insurance offers financial protection to the insured vehicle against road accidents, theft, and fire. It also covers damages resulting from natural disasters, animal attacks, and human actions, as well as third-party liabilities. According to motor vehicle regulations, third-party insurance is mandatory for legal driving in India.

Bike Insurance

Bike insurance provides protection for two-wheeler owners against accidental loss or damage while operating their vehicles on city roads. It also offers compensation for theft, natural disasters, and third-party liabilities. The policy encompasses all types of electric bikes, scooters, and mopeds, safeguarding them against unforeseen damages. Customers have the convenience of renewing or purchasing two-wheeler insurance online. While third-party bike insurance is mandatory, it is highly recommended to opt for comprehensive bike insurance to ensure coverage for all major vehicle expenses or damages.

Zero Depreciation Car Insurance

Zero depreciation coverage, also known as bumper-to-bumper or nil depreciation coverage, offers policyholders the advantage of not having to pay for the depreciation value of damaged or replaced parts. Instead, they can claim the full amount under their comprehensive car insurance policy.

Third-Party Insurance

Third-party insurance is a mandatory motor insurance policy that provides coverage for third-party financial and legal obligations resulting from an accident involving an insured vehicle. It offers compensation in the event of third-party fatalities, injuries, and property damage.

Commercial Vehicle Insurance

Commercial vehicle insurance serves as a mandatory motor insurance policy, providing financial protection for various commercial vehicles, including trucks, tractors, buses, auto-rickshaws, and more. This insurance extends coverage to third parties involved in an unfortunate accident, ensuring compensation for injuries, property damage, or even loss of life. Furthermore, the policy encompasses a wide range of potential losses or damages resulting from natural calamities, fire, man-made disasters, theft, and other unforeseen events.

Auto Rickshaw Insurance

Auto rickshaw insurance falls under the commercial vehicle insurance category. This policy is designed to provide financial coverage to auto-rickshaw owners in India. According to the Motor Vehicle Act of 1988, all auto rickshaw owners must obtain third-party auto-rickshaw insurance. However, it is optional for them to purchase comprehensive insurance to cover their own damages caused by accidents, natural disasters, fire, etc.