Vehicle insurance is a contract between the policyholder and the insurer that provides financial protection against losses or damages arising from accidents, theft, fire, natural disasters, or third-party liabilities. It ensures peace of mind while driving and protects you from unexpected repair costs and legal obligations.
Types of Vehicle Insurance
- Third-Party Insurance : Mandatory by law, this covers damages or injuries caused to a third party—be it a person, vehicle, or property. It does not cover your own vehicle.
- Comprehensive Insurance : Offers complete protection by covering both third-party liabilities and damages to your own vehicle caused by accidents, theft, fire, floods, or vandalism.
- Standalone Own Damage Cover : This covers damages to your vehicle only and is available for those who already have third-party insurance.
- Pay-As-You-Drive Insurance : A usage-based plan where premiums depend on how much you drive, ideal for those who use their vehicles sparingly.
Key Features of Vehicle Insurance
- Cashless Repairs : Access to a wide network of authorized garages for cashless servicing and repairs.
- Instant Claim Assistance : Fast and easy claim process to ensure timely support after an incident.
- Add-On Covers : Additional options like zero depreciation, engine protection, roadside assistance, and more for enhanced coverage.
- No Claim Bonus (NCB) : Enjoy premium discounts for every claim-free year, rewarding safe driving.
- Legal Compliance : Stay on the right side of the law by ensuring your vehicle is insured as per regulations.
Your vehicle is more than just a means of transport—it’s a valued asset. With the right vehicle insurance, you protect it against damages, reduce your financial burden, and drive worry-free.