Motor Insurance
What is Motor Insurance?
Motor insurance provides financial protection against physical damage and bodily injury resulting from traffic accidents and liability that could arise from incidents in a vehicle.
Key Features
- Third-Party Liability: Covers damage to third-party property and injury
- Own Damage: Covers damage to your own vehicle
- Personal Accident: Coverage for driver and passengers
- Theft Protection: Coverage against vehicle theft
- Natural Calamities: Protection against floods, earthquakes, etc.
Types of Coverage
Third-Party Only
Mandatory coverage for third-party liability
Comprehensive
Complete coverage including own damage
Add-On Covers
- Zero Depreciation Cover
- Engine Protection
- Roadside Assistance
- Return to Invoice
- Consumables Cover
Premium Factors
- Vehicle Type
- Vehicle Value
- Vehicle Age
- Location
- IDV (Insured Declared Value)