Motor & Personal Accidental Insurance
About vehicle insurance
Vehicle insurance or motor insurance is meant for cars, two wheelers and other road vehicles. A motor package policy protects the insured vehicle against the damages caused due to accidents and natural disasters.
In addition to the own vehicle damage, motor vehicle insurance also provides the mandatory coverage for third-party liabilities.
Simply put, a comprehensive vehicle insurance allows for worry-free drives by curbing your vehicle repair expenses and helping you adhere to the law when on road.
Why should you buy motor vehicle insurance?
Personal accident cover
You will get a personal accident cover of ₹15 lakhs for yourself and an optional cover of ₹2 lakhs for the co-passengers travelling with you. This coverage is available at nominal additional premium.
Escape traffic fines
As per the Motor Vehicles (Amended) Act of 2019, if you’re caught driving an uninsured vehicle, you may have to pay a penalty of up to ₹2000 for the first instance and from second instance it may go up to ₹4000.
Coverage against loss or damage
A motor package policy takes care of your expenses in case of any loss or damage to your vehicle arising due to theft, road accident or other natural and man-made disasters.
Adherence to law
It is mandatory by law to avail third-party insurance for all vehicles before they are allowed on road.