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Motor Insurance

Motor Insurance – A Hands-on Guide for the Novice

Motor Insurance – A Hands-on Guide for the Novice

Anyone with a registered vehicle must have a motor insurance. Whether the vehicle is used for recreational, commercial or personal purpose,every motorist must be insured. Motor insurance is simple and here’s a quick guide to ensure you don’t miss any of its benefits.

Why you need motor insurance

Know the Basic Covers under Motor Insurance

1. Third Party Liability (TPL) Cover

3. Personal Accident (PA) Cover

Add-ons are not part of the common covers of motor insurance. These are additional covers that the insurer provides at the cost of extra premium. While choosing motor insurance, it is important not to under-buy. The right add-ons can help you secure your vehicle adequately at a fairly minimal price.

Why do you need Add-On Covers / AdditionalRiders?

This cover makes you eligible to claim the full amount for replacing damaged parts of your car. It doesn’t consider the depreciation value of the parts and allows you to receive the entire claim amount. It is generally available for cars under three years

What is not covered by Motor insurance?

Accidental loss/libility caused by the vehicle owner being under the influence of alcohol or drugs Accidental damage caused by driver having no valid license / authority for driving Deliberate accidental loss Damages due to attack by nuclear weapons or war Mechanical and electrical breakdown Consequential loss Wear and tear Failure or breakages

    Zero Depreciation Cover

This cover makes you eligible to claim the full amount for replacing damaged parts of your car. It doesn’t consider the depreciation value of the parts and allows you to receive the entire claim amount. It is generally available for cars under three years

Garage Cash

This cover offers compensation for the period your car is in the garage undergoing repairs or maintenance. This aims to compensate you for the financial inconvenience caused due to lack of availability of your car.

Roadside Assistance

It provides quick services like towing, flat tire change, battery jump-start, mechanic visit, fuel refill, key pickup and a lot more. This add-on takes care of such predicaments at a charge of Rs. 99 only.

Motor Insurance Premium at a Glance





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