Motor Insurance
Motor Insurance or Auto Insurance policy provides coverage for damage or Loss to the vehicle against the risk of accident, fire, theft, floods, earthquake, riot, strike etc. The motor insurance policy also gives coverage for your liability arising out of one s injury, death, and death to third party and / or third party property damage.
Type of Vehicles Covered
- Private cars
- Two-wheelers
- Commercial Vehicles
Private Car Insurance
Car insurance covers losses due to traffic accidents or theft.
The policy covers loss/damage to the vehicle insured due to:
- Loss or damage to your vehicle due to natural calamities such as fire, explosion, lightning, earthquake, flood, hurricane, storm, cyclone, hailstorm, inundation, and landslide.
- Loss or damage to your vehicle due to man-made calamities such as burglary, theft, riot, strike, accident by external means, terrorist activity, any damage in transit by road, rail, waterway, or air.
- Personal accidents cover for the individual owner of the vehicle. You can also opt for personal accident cover for the passengers.
- Third party liability covering the legal liability arising out of an injury/ death of a third party or damage of property of a third party in case of an accident involving your vehicle.
Two-Wheeler Insurance
A two-wheeler insurance plan applies to motor cycles, scooters, mopeds, and mechanically assisted pedal cycles. Comprehensive two-wheeler insurance covers losses due to traffic accidents or theft of the vehicle.
The policy covers loss/damage to the vehicle insured due to:
- Loss or damage to your vehicle due to natural calamities such as fire, explosion, lightning, earthquake, flood, hurricane, storm, cyclone, hailstorm, inundation, and landslide.
- Loss or damage to your vehicle due to man-made calamities such as burglary, theft, riot, strike, accident by external means, terrorist activity, any damage in transit by road, rail, waterway, or air.
- Personal accident covers for the individual owner of the vehicle.
- Third party liability covering the legal liability arising out of an injury/ death of a third party or damage of property of a third party in case of an accident involving your vehicle.
Commercial Vehicle Insurance
Heavy Commercial Vehicles (HCVs) carry goods across the length and breadth of the country, making them a critical component of the Indian transportation industry. Since these vehicles travel so much, they are more prone to damages and accidents, making insurance a must for them.
A HCV insurance covers goods-carrying vehicles (trucks and trailers), passenger-carrying vehicles (buses, coaches, taxi-cabs, vans, and three-wheelers), and special type of vehicles such as rigs, shovels, tippers, tractors, excavators, etc.
The policy covers loss/damage to the vehicle insured due to:
- Loss or damage to your vehicle due to natural calamities such as fire, explosion, lightning, earthquake, flood, hurricane, storm, cyclone, hailstorm, inundation, and landslide.
- Loss or damage to your vehicle due to man-made calamities such as burglary, theft, riot, strike, accident by external means, terrorist activity, any damage in transit by road, rail, waterway, or air.
- Personal accident covers for the individual owner of the vehicle.
- Third party liability covering the legal liability arising out of an injury/death of a third party or damage of property of a third party in case of an accident involving your vehicle.