Motor Insurance Plan
Motor Insurance
Motor insurance or vehicle insurance is a mandatory insurance policy designed for private and commercial plying on the roads of India. These include bikes, cars, trucks, autos, etc. A motor insurance policy offers coverage against third-party liabilities and accidental damages sustained by the insured vehicle. Having at least third-party insurance for vehicles is mandatory as per Indian motor laws.
Here are some of the key benefits of a Motor Comprehensive Insurance Policy:
Coverage for Your Car’s Damages: One of the primary benefits of a Motor Comprehensive Insurance Policy is protection against damages and losses due to accidents, collisions, fires, and other incidents. This not only saves you from unexpected expenses but also ensures your car remains in good condition even after a mishap.
Customizable Coverage with Add-Ons: Comprehensive car insurance allows you to tailor your policy with add-ons that extend your coverage. Popular add-ons include return to invoice cover, engine and gearbox protection, and consumables cover, among others.
Cost-Effective: A Motor Comprehensive Insurance Policy is cost-effective because it offers extensive coverage and benefits, ultimately saving you a significant amount of money over time.
Protection Against Natural Disasters: While natural disasters are beyond anyone’s control, comprehensive insurance ensures your car is protected from damage caused by such events.
Compensation for Car Theft: In the unfortunate event of car theft, comprehensive insurance provides compensation, helping you recover from the loss.
Breakdown Assistance Option: One of the many add-ons available is Breakdown Assistance. This feature is particularly valuable as it does not count as a claim, providing you with help when your car breaks down without affecting your claims history.