Motor Insurance - Basics

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.

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.

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.

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.

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.

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.

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.

Wed, October 25, 2023 | 4 min read

Wondering why motor insurance is mandatory in India? First, let's consider a scenario. Have you ever faced a situation wherein you boarded the wrong train and reached some other location without enough money in your pocket? Or have you ever attempted horse riding without a trainer? Most of you must say ‘No’ for both these situations, but why?The reason for the same is that you always need a saviour in such unfortunate situations, and that is what motor insurance does, in reality.

Tue, August 1, 2023 | 2 min read

Any vehicle operating on Indian roads must have motor insurance, as the law mandates this. To make this easily achievable, the IRDAI broadly defined two types of motor insurance.

Tue, August 1, 2023 | 4 min read

Wondering how to choose the best insurance company in India? As soon as you finalise the vehicle model to buy, your next hunt to select a suitable vehicle insurance provider starts. The reason for the same is - the Motor Vehicle Act, of 1988, mandates buying a motor insurance policy before plying your vehicle on Indian roads.