Motor Insurance - Basics

Mon, May 13, 2024 | 3 min read

Getting your driving license is one of the most exciting moments of your life. It is no less than an achievement and a reason to celebrate! Drive around alone at night with the windows rolled down and your favourite music playing, go on road trips with friends or simply enjoy comfortable conveyance to the workplace.

Thu, April 25, 2024 | 3 min read

There was a 30% jump in the average budget for purchasing cars in India in 2022, as per a Mileage Report. The same year also saw an 81% surge in people purchasing their second car.

Tue, January 9, 2024 | 3 min read

A valid insurance policy is not just mandatory for every car in India, it also protects you against financial liability associated with third party damage due to your vehicle by offering coverage for third-party disability, death or property damage in case of an accident. Car owners will receive cashless services in multiple network garages and hospitals across the country.

Mon, January 8, 2024 | 5 min read

Motor insurance is a legal requirement under the Motor Vehicle Act. It provides financial protection against damages or losses caused by accidents, theft, natural disasters, or third-party liability.

Fri, January 5, 2024 | 5 min read

Is it possible to have two dual motor insurance policies for a single vehicle in India? If you're a vehicle owner in India, you are legally required to have motor insurance. This ensures financial protection against accidents and damage.

Fri, January 5, 2024 | 6 min read

When renewing your motor insurance, consider changing your insurer for various reasons. However, you may wonder what happens to your No Claim Bonus (NCB) when you switch to a new insurer.

Wed, January 3, 2024 | 4 min read

Motor insurance helps protect the policyholder against medical and legal expenses in case of an untoward incident. Most importantly, it covers any damage to not just your vehicle but third-party damage and injury as well.

Wed, January 3, 2024 | 5 min read

Wondering how IDV is calculated in motor insurance? Picture this: You're the proud owner of a shiny new car. However, what if your beloved vehicle gets stolen or damaged beyond repair? How much would your insurance provider reimburse you? This brings us to Insured Declared Value (IDV) in motor insurance, a crucial factor in determining compensation.

Fri, December 29, 2023 | 5 min read

Calculating the premium for your motor insurance policy can seem like a daunting task. With the rise of digital technology, however, calculating the premium for your car insurance policy online is now easier than ever.

Wed, December 27, 2023 | 5 min read

Do you want to understand the basics of motor insurance? It is mandatory to have motor insurance in India before plying your vehicle on its roads. To make it reachable to all, the IRDAI offered two variants of motor insurance.