Motor Insurance - Basics
Importance of Motor Insurance
Wed, December 27, 2023 | 5 min read
Every day, there are news reports highlighting the increasing number of road accidents. It has now become a regular feature in our daily news updates, and that's why motor insurance is essential for all.
What factors should we consider while renewing a motor insurance policy in India?
Sat, December 23, 2023 | 5 min read
Motor insurance is an essential aspect of owning a motor vehicle in India. It not only provides financial protection against unforeseen events but is also mandated by the Motor Vehicle Act.
How are electric cars insured in India?
Sat, December 23, 2023 | 6 min read
Electric vehicles (EVs) have witnessed a significant surge in India as an environment-friendly and sustainable mode of transportation. As India focuses on reducing carbon emissions and transitioning towards cleaner mobility solutions, adopting electric cars has gained momentum.
How does the Pay As You Drive scenario work in the Indian motor insurance industry?
Sat, December 23, 2023 | 5 min read
Curious to know how 'Pay As You Drive' works in India? As a step towards 'Digital India', the Insurance Regulatory and Development Authority of India (IRDAI) introduced a new type of Own Damage (OD) vehicle insurance - Pay As You Drive. Under this plan, you can pay discounted premiums towards Own Damage motor insurance based on your car's usage.
What is long-term vehicle insurance and how is it beneficial?
Sat, December 23, 2023 | 6 min read
Vehicle insurance is an essential aspect of responsible vehicle ownership. It protects us from unexpected expenses that may arise due to accidents, theft, or other damages.
Is it Mandatory to Purchase Car Insurance from a Car Dealer?
Tue, December 19, 2023 | 4 min read
Whether you’re travelling to work or going on a road trip with friends, your car is a constant companion. Owning a vehicle adds to the feeling of being self-reliant and gives you a sense of freedom.
Can I Cancel My Motor Insurance Policy?
Tue, December 19, 2023 | 3 min read
A sticker behind a car read: “Back off! My brakes are good, how’s your insurance?” Clearly, that’s an excellent sticker, given that fender benders are the most common car accidents. With road accidents being so common, basic motor insurance has been made mandatory in India.
What happens if my car is being driven by someone else at the time of its accident?
Fri, December 15, 2023 | 6 min read
You lend your car to a friend or a family member, trusting they will be responsible, just like how careful you are when driving a vehicle. But what if they are not as cautious as you are? What happens when they get involved in an accident while driving your car? Who is responsible for the damages? Will your insurance cover the costs? Are you liable for any injuries or losses? There are many questions to answer and so many consequences to deal with.
Bumper-to-Bumper Car Insurance in India: A Comprehensive Guide
Fri, December 15, 2023 | 5 min read
Car insurance is an essential requirement for vehicle owners in India. While a basic vehicle insurance policy fulfils legal obligations, it may not provide adequate coverage for damages to your vehicle.
What Is Zero Depreciation Motor Insurance?
Fri, December 15, 2023 | 5 min read
In today's fast-paced world, protecting your vehicles from unforeseen damages and accidents is crucial. Hence, motor insurance plays a pivotal role.
Does a Motor Insurance Policy Cover Damages Caused to My Car Due to Flooding?
Mon, April 22, 2024 | 3 min read
GK Chesterton had once written that he experienced “bitter envy” when London was flooded in his absence since the city looked like Venice. He even imagined gondolas moving elegantly through the London streets.
Understanding Deductibles in Motor Insurance
Wed, January 3, 2024 | 5 min read
Wondering what is a deductible in the context of motor insurance? Motor insurance is a crucial aspect of owning and driving a vehicle in India. The main advantage of motor insurance is that it provides financial protection against damages caused to your vehicle, third-party liabilities, and personal injuries.
Why Does The Premium Of My Car Insurance Policy Remain The Same Even If The Value Of My Car Depreciates?
Wed, January 3, 2024 | 5 min read
Car insurance is a crucial aspect of responsible vehicle ownership, providing financial protection against potential accidents, damages, and liabilities. A common question is why car insurance premiums often remain the same even as the value of a car depreciates over time.
What is the Sunset Clause concerning motor insurance?
Sat, December 23, 2023 | 5 min read
Motor insurance, an essential requirement for drivers and their vehicles, is mandatory in India as per the Motor Vehicle Act. A crucial aspect of motor insurance is the "sunset clause".
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