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Motor Insurance/Vehicle Insurance
Motor insurance
Motor insurance includes insurance for all types of vehicles, including private cars, two-wheel drive, and commercial vehicles. Provides financial protection from injury related to any accident, theft, or loss of a vehicle. It also takes care of any physical injuries that result from accidents or theft.

Types of  Motor Insurance

It makes sense to gain protection from losses incurred by a car owner as a result of an accident or car theft. There are three types of motor insurance on the basis of car insurance.

Car Insurance: This insurance applies to all private vehicles and not to commercial vehicles. This is completely private car insurance to cover financial losses incurred due to motor vehicle accidents.

Two-wheeled insurance: This insurance covers bicycles, scooters, scooters, etc. It helps the owner to get cover for any accidents associated with these two wheels.

Commercial car insurance: Commercial vehicles are those vehicles that can be used for personal use. They are used to transport goods or passengers from one place to another. This insurance protects entrepreneurs from losses incurred as a result of stealing or damaging a commercial vehicle. 

Also, insurers will receive protection from third-party debt and the availability of an accident to the driver of the vehicle with this type of insurance.

Types of Insurance Cover

Third-party Insurance: This type of car insurance covers third-party liabilities. The costs of any unintentional damage caused by a third party or his or her property as a result of your insured vehicle may be covered by third-party insurance. 

By law, you are compelled to compensate a third party in the event of an accident that results in serious injury, disability or death, or damage to property.

Complete Insurance: Complete car insurance covers you and your car for any unexpected damage to your car or to a third party and their property. It also covers the death/disability of the driver, owner, and passengers as a result of an insured car accident.

Added covers

The policyholder usually obtains complete coverage under motor insurance; however, they may receive additional benefits or additions by paying an additional fee. The following are some of the extras available and the complete insurance policy:

Zero discount cover: The insurance company usually deducts a certain amount as a reduction in the value of your car to a guaranteed price. But if you choose a discount cover, the insurance company will pay the actual value of your car in the event of an injury or theft.

Replacement cover: If you put the car key in the wrong place, you can apply for a refund. With this added ad, the insurance company contributes part of the cost incurred by replacing the key.

Engine and electronic circuit cover: If your vehicle is damaged due to engine failure or electrical circuits, you can claim a refund for this supplement cover.

Road help cover: In the event that your car breaks down while traveling a long distance, you can ask for help with a roadside help cover. Another aid would be to adjust the fuel or mechanic if there is a problem while traveling and you are unable to get help.

Coverage of Motor Insurance

Buying motor insurance helps to get coverage for a variety of needs. Let's understand the different coverage categories offered:

• Damaged vehicle damage caused by accident, disturbances, burglary, theft, terrorism, natural and man-made disasters such as fire, explosion, flood, hurricane, earthquake

• Third-party liability will include accidental death and injury to a third party, as well as any damage done to third party property

• In the event of a personal accident, the insurance company bears the cost of any required driver treatment after any incident while driving.

Not Covered under Motor Insurance

Motor insurance offers a variety of covers to cover the feeling of peaceful driving. However, certain conditions and charges were not included in the use, also called discharge. Let's look at some of them:

• Normal aging

• Injuries resulting from hazardous work

• Damage to the driver of the vehicle without a license

• Deterioration of equipment/electricity

• Consecutive losses

• Injuries occurred outside the boundaries of the area

Documents Required Purchase Policy

Certain documents are required to purchase auto insurance regardless of the type. Of course:

• Passport image size

• Driver's license or PAN card

• Proof of permanent residence

• Vehicle registration certificate

Eligibility criteria

In India, motor insurance can be purchased with private cars, two-wheel drive, and commercial vehicles. To be eligible to buy motor insurance, you must have a car, be it old or new, you must be over 18 years old, you must be an Indian citizen and you must have a car RC.

Procedure to claim Motor Insurance

• If there is any claim, immediately notify the insurance company and register your claim

• In the event of a motor vehicle accident, the insurance provider will assign an inspector to inspect the vehicle and apply

• During the study, insurers are required to submit all required documents such as RC letter, D / L, permit, challan consignment, etc. to ensure

• The policyholder must also hand over the VEHICLE to the police, in the event of damage to property, damage to a third party, or theft.

• After the claim has been approved, the insurer can move his or her car to the network garage or repair it at any of their favorite garages.

• If insurers open a garage, payment of the required repair work will be made directly to the network garage

• If the insurer chooses to repair his car in any other garage, he can apply under a refund process by submitting a claim form and repairing debts to the insurance company.

Documents Required for Claim Process

In the event of an accident or damage, it is important to contact the insurance company about the incident on their toll-free number and file a complaint. After that, send the following documents to the insurance company:

• Complete the application form in full

• Driving Licence

• Registration certificate

• Police report (in the event of an accident)

• Non-compliant certificate issued by the police (in case of theft)

• Initial charge rate (in case the non-cash service is not selected)

How long does it take to pay this claim?

After the required documents have been submitted to the insurance company, the share inspector will be assigned a test. If the garage covered under the network provider is close to the scene of the accident/damage, the claims process will be non-existent, otherwise, insurers can repair it themselves and submit the debt to the insurance company which will be repaid within 30 days.

What is IDV?

The price of your car when you make a claim on the market is called the declared insurance value (IDV). This is the maximum amount your insurance provider will pay you in the event of your car insurance policy. You cannot claim more money than IDV.

Renewal Process

The name of the motor insurance policy usually varies from one year to three years that the policyholder can renew it online by visiting the official web provider's web page. During renewal, the policyholder must know about the claim bonus (NCB). It is a bonus earned annually without claims. 

NCB includes discounts on your policy premiums during the renewal period as a reward for following safety measures while driving your vehicle. The discount rate increases with each renewal which is why it advises you not to claim your insurance money with minimal damage.

List of Companies provides Motor Insurance in India

Some of the general insurance companies that offer car insurance, which means Car Insurance and two-wheeled insurance policies in India are:

• Bajaj Allianz

• Bharti AXA

• HDFC Ergo

• Iffco Tokyo

• ICICI Lombard

• Royal Sundaram

Important features

Before buying motor insurance, it is important that you review and compare the plans carefully to get the best deal possible. Let's look at some points to keep in mind when purchasing a policy:

Company history: Insurance is an anonymous asset so it is important to remain vigilant when choosing an insurance policy. Many companies will inform you of their work for the wrong reasons. It is your call to investigate the history and previous records of a company claim to make the right choice.

Company financial stability: There are cases where insurance providers fail to maintain a financial balance that results in the loss of their investors' money. To avoid this, you should check the financial stability of the insurance provider by looking at their financial statements.

Cost: Another important factor to consider is the cost of coverage. As a policy seeker, it is important to compare quotes from different insurance companies and choose the one that offers the greatest benefits.

Look for key features: There is a standard set of features offered by all insurance providers. These features include personal accident cover, third-party cover, etc. Check these required covers before finalizing your insurance provider.

See add-ons: Different insurance providers offer different covers depending on the type and amount of insurance. See available coverage, benefits and discounts offered to compare the relevant insurance policy with the insurance company. Other covers included are depreciation cover, personal accident cover, road help cover.


Lack of law enforcement and negligence in complying with traffic laws contributes to an increase in the number of accidents occurring in India. The following are some of the benefits that can come to a person:

Reduce your debts: In the event that a third party is injured or injured in an insured car, the insurance company will pay the damages/damage costs if the vehicle is covered under a third party. It also frees you from any legal liability a policyholder may have as a result of an accident.

Damage to a covered car: Any damage caused to your vehicle as a result of accidents caused by human error may be included under the full insurance policy. The claim process can be cash or refund.

Payment of hospital bills: If you are injured or permanently disabled in an accident, the insurance company pays hospital bills and other medical expenses under the discovery of a personal accident.

Reimbursement in the event of death: In the event of fatal accidents, the family of the insurer receives compensation from the insurer.

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