Vehicle Insurance

The increasing rate of motor accidents in India is a matter of concern. Of the total 1.38 lakh deaths in these states, over 70,000 were reported to be due to road accidents.

In India, vehicle insurance has been mandated by law, therefore, many people buy auto insurance policy only to fulfill the legal liability. In the process they often miss out on important features of their policy.

When you are buying a motor insurance, it is important to understand the fundamental advantages of the same. You should be aware of which type of motor insurance policy suits your need the best way. Broadly, there are two types of vehicle insurance policies – Third party liability and comprehensive.

Vehicle insurance gives protection to the vehicle owner against :

Vehicle Insurance is needed :

common vehicle policy protects you only in case of losses/damages to third party. Whereas, comprehensive vehicle insurance policy takes care of both loss/damage to your vehicle as well as third party liability.

Comprehensive car insurance cover will protect you against any accidental loss or damage to the Private Car caused by the following unforeseen events:

Fire, explosion, self ignition or lightning

Burglary, housebreaking or theft

Riot or strike

arthquake (fire and shock damage)

Flood typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost

ccidental external means

Malicious act

Terrorist activity

Whilst in transit by road, rail, inland- waterway, lift, elevator or air

Land slide, rock slide