Advantages of Motor Insurance

Comprehensive Coverage

Car insurance offers comprehensive coverage to vehicle against damage due to accident, theft, fire, vandalism, and natural calamities. Third party legal liability arising from the vehicle is also covered by the policy.

No-Claim Bonus

Motor insurance offers exciting discounts on renewal premium amount following every claim free year, hence saving premium amount by up to 50%. NCB benefit can be transferred if in case you change your vehicle.

Zero Depreciation

Vehicle insurance offers zero depreciation cover wherein your vehicle will be covered to full value without factoring in the depreciation. This means you will get the full amount on your claim.

Personal Accident Cover

The policy covers the owner against accident while driving the insured vehicle by indemnifying the medical treatment cost. Passengers, paid driver and other occupants can also be covered under the policy.

Benefits of Motor Insurance Damage to Vehicle Cover

  • Motor insurance covers damage to the vehicle due to fire, explosion, self-ignition and other natural calamities such as an earthquake, flood, landslide and rockslide.
  • Damage to the vehicle caused by collision due to an accident is covered by the policy.
  • Policy will cover loss of vehicle due to burglary, theft or housebreaking. Loss due to riot and strikes can also be covered.

Third Party Liability Cover

  • Legal liability arising from the third party bodily injury or death resulting from an accident is covered by the vehicle insurance. This third party can be a driver of another vehicle, passengers or pedestrians.
  • The policy also covers the liability arising from the accidental damage to the surrounding property caused by your vehicle.
  • It is legally mandatory to cover all vehicles running on-road by third party car insurance.

Cashless Claims

  • Car insurance policy offers cashless claims facility in which you can repair your damaged vehicle using a network garage without paying the repair cost out of your pocket.
  • Several vehicle insurance companies offer the cashless facility at more than 4000 garages across the country.
  • This facility protects you from financial strain since the insurer directly handles the expenses.