Motor Insurance - Basics

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.

Tue, August 1, 2023 | 5 min read

Since the time the insurance companies have gone digital, it is convenient and hassle-free to renew and buy a motor insurance policy online. Now you do not have to visit different insurance providers physically or wait for an insurance agent to come and explain details of various motor insurance policies.

Tue, August 1, 2023 | 5 min read

We all know that we need to renew our motor insurance policy every year. The reason is not only its legally required but also for the protection it gives in case of an accident and loss.

Tue, August 1, 2023 | 4 min read

A comprehensive motor insurance policy provides coverage against third-party losses and damages apart from damages and losses caused to insured vehicles. Despite its offerings, a comprehensive vehicle insurance policy does not offer complete coverage in unpredictable situations including vehicle engine damage, damages that occurred due to natural calamities, etc.

Tue, August 1, 2023 | 3 min read

Road accidents are a daily occurrence in India and that is why it is mandatory to own insurance if you own a vehicle. We can never be prepared for it, but we can certainly take some preventative measures for it so that we are protected.

Tue, August 1, 2023 | 4 min read

Are you unsure about how to reduce your insurance premium? Remember, the premiums of your motor insurance policy are not fixed. You can purchase the best vehicle insurance policy without overshooting your premium budget.

Tue, August 1, 2023 | 2 min read

Looking to buy a motor insurance policy? Multiple options are easily available in the market for buying a motor insurance policy. When you want to choose a suitable plan for your vehicle, it can often become a confusing process.

Tue, August 1, 2023 | 3 min read

The Government of India has placed multiple safeguards for the safety of the general public to protect them. Road accidents are a common occurrence in India.