Motor insurance is a vital financial safeguard for all vehicle owners. Whether you drive a car, a bike, or a commercial vehicle, motor insurance offers protection against financial losses resulting from accidents, theft, natural disasters, third-party liabilities, and more. It is not just a legal necessity in India but also a practical shield that ensures you're not left vulnerable in the face of unexpected mishaps.
1. Third-Party Liability Insurance
Mandatory under Indian law, this covers legal liability for injuries or damage caused to a third party (person or property).
2. Comprehensive Insurance
Offers broader protection, covering both third-party liabilities and damages to your own vehicle due to accidents, theft, fire, vandalism, natural calamities, and more.
3. Standalone Own Damage Cover
This protects only against damages to your own vehicle and can be opted for if you already have third-party coverage.
