The recent increase in motor vehicles can be the major cause of accidents and casualties, which needs more protection for the people who use vehicle. Motor Insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects.
Our standard Motor Insurance covers damage to your vehicle due to:
It includes the insurance related to the following:
Car Insurance gives coverage against accidental loss or damages to own car or to a third party. The amount of premium would depend on the make & value of car, state from where it is registered and manufacturing year.
It provides protection to bikes and scooters. The features of two wheeler policy are similar to car insurance.
Commercial vehicle insurance helps all commercial vehicle drivers to reduce losses they might incur due to damage to their vehicle. Commercial vehicles include those which are not used for personal purposes, like goods carrying vehicles.
Insurance is a contract between an individual and the insurance company wherein an individual gets compensation against the losses from an insurance company. The insurance companies work by collecting small amounts of money from its clients and fund that money together to pay for damages.
Insurance is a protection against the unexpected incidents. Insurance product helps people in not only mitigating risks but also helps by providing a financial moderate against adverse financial burdens suffered. It helps people to manage risks, own a home, drive vehicles, maintain current standard of living, cover health care costs, run a small business, take vacations etc.
There are two types of insurance Life insurance and Non-life or General insurance i.e. Life insurance includes term life, whole life, endowment, money back, children policy etc. and Non-life insurance includes health insurance, vehicle Insurance, property insurance and fire Insurance.