Motor Vehicles

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 | 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".

Sat, December 23, 2023 | 5 min read

Motor insurance is a crucial aspect of owning a car or bike in India.  It is a legal requirement under the Motor Vehicle Act, 1988 and provides financial protection against unforeseen events such as accidents, theft, or damage.

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.

Sat, December 23, 2023 | 5 min read

In the insurance sector, Insured Declared Value (IDV) is a critical factor that determines the coverage and compensation you receive. Whether you're insuring your vehicle, home, health, or electronics, understanding IDV is essential for ensuring adequate protection.

Sat, December 23, 2023 | 5 min read

Motor insurance plays a crucial role in protecting individuals and their vehicles on the road. When it comes to determining liability and settling claims, two primary systems exist: no-fault and fault liability.

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, November 17, 2023 | 5 min read

A comprehensive motor insurance policy not only safeguards your vehicle from third-party losses and damages but also protects your vehicle against damages and other situations. To get the benefits of your comprehensive motor insurance policy, you must immediately file a claim in case of an accident or theft.

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 | 5 min read

‘No Claim Bonus’ or NCB is the reward that motor insurance companies give to their customers for not raising a claim during a policy year. In fact, you can get a flat 20% discount on your insurance premium during renewal for the first claim-free year.

Tue, August 1, 2023 | 5 min read

As per Motor Vehicle Act, 1988 buying third-party motor insurance is mandatory in India before plying your vehicle on the roads. However, few of us remember to claim third-party motor insurance when required because we think there is so much hassle involved, which is not true.

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

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.