Motor Insurance 

What is Motor Insurance?

Motor insurance or vehicle insurance is a type of insurance cover specifically designed for four wheelers, cars, two wheelers, commercial vehicles, scooters, bike, tractors, trucks etc. A motor insurance protects the insured vehicle from financial losses due to accident or any other natural calamities. A motor insurance also provides protection against third party liabilities.

Why do you need Motor Insurance in India?

You require motor insurance in India due to – 

It is mandatory by law that every vehicle running on Indian road should have a valid motor insuranceIt provides protection to insured vehicle against financial losses due to unpredictable incidents.

Types of Coverages under Motor Insurance

Whether you are buying a car, bike or a commercial vehicle, the types of coverage under motor insurance are classified into two types:

Comprehensive Motor Insurance

Third Party Motor Insurance