A comprehensive car insurance policy, also known as motor package insurance, saves you money when your car is damaged in an accident or natural calamity. It also covers your vehicle against theft and burglary. At times, you may end up hurting others or damaging property in an accident. A car insurance policy covers such third party liabilities as well.
If you own a car in India, having third party insurance is a must for you. That’s why it’s crucial to buy and renew your policy on time to stay on the right side of the law and be covered against car damages. At an affordable premium, our reliable car insurance policy protects you against all these risks so that you can drive worry-free. Apart from comprehensive car insurance, third-party only and own-damage only car insurance policies are also available. You can choose the policy type as per your needs.
As per the Motor Vehicles Act of India, it is compulsory for all vehicles running on the road to be insured. As a car owner, you must have third party liability coverage.
As per the new Motor Vehicle Act 2019A, you can get a traffic fine of ₹2000 for driving without car insurance. If you get caught for a second time, the penalty would be ₹4000.
Car insurance policy provides ₹15 lakh coverage for injuries to the registered owner driver while travelling in the car, or getting in or off the car.
If your vehicle insurance has the add-on of road assistance, you may give a call to your insurer in case you are stuck because of your vehicle breakdown during the midnight hours. The insurer will send a towing service provider, locksmith, or vehicle mechanic (depend on the underlying reason) on the spot to handle your vehicle.
Gearbox and engine protection give financial protection for loss or damage caused to the vehicle’s engine or its gearbox. For instance, the policy covers any type of damage caused to the car’s engine from any type of damage caused due to water entering it or leakage of the engine lubricating oil.
Tyre protection type of add-on benefits you by providing coverage in the case of any damage caused to the tyre of your car or any other vehicle. These include tyre cuts, bulges, or bursts. Zero depreciation type of add-on makes sure that the value of your car or any other type of vehicle will remain unchanged irrespective of its age. Here, the insurer will overlook the aspect of depreciation at the time of the final settlement.
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