Motor Insurance

About The Motor Insurance

Who doesn’t love to secure their favourite things? Be it their own health or their vehicles, insurance offer financial security against any unfortunate accidents caused due to the owners’ mistake or the third party’s. Motor insurance is a kind of insurance provided by various insurance companies to those who own motor vehicles. It has become a necessity for all vehicle owners. In such an insurance policy, the company offers motor insurance to protect the vehicle owners from breaking the bank to compensate for any financial loss due to theft and any damage caused due to accidents.

Motor insurance has become mandatory under Indian law. No matter which vehicle you own, be it your car or your bike, you must insure it at the earliest days of purchase. You can opt for bike or car insurance online to avoid any hassle. Just as any other insurance offers you financial benefit on any loss, motor insurance also acts as a risk-mitigating tool. During any emergency, you can readily claim insurance. This will help you remove any financial dent in your bank account. You can opt for motor insurance to seek monetary compensation for damage to your vehicle for various reasons.

Get insurance for whatever you need:

Vehicle accidents caused due to external means:

You can claim your motor insurance in case of any accidents caused by the fault of your fellow driver or any external means. For example, suppose your car headlights are destroyed due to a minor accident; then you don’t need to fix it by taking money from your pocket; you can call your insurance provider and claim the benefit.

Third-party liability:

Accidents are common when you drive on roads. Under this coverage, a third party will receive financial benefits for repairs and replacement of damaged vehicle parts. Additionally, there are various other benefits that you can avail of under this insurance policy. Some of them are listed below:

Cost of the third party’s treatments, medicines, doctor and hospital fees if an accident is caused as a result of your own mistake.
Financial compensation against the death of a third party.

Insurance against natural calamities:

Natural calamities like earthquakes, floods, typhoons, cyclones, and lightning cannot be predicted. But a car or bike insurance online is a one-time investment that you indulge in. Specific motor insurance will give you full coverage against damage to your vehicle due to natural calamities. Therefore with motor insurance, you can ensure the utmost safety of your car.

Insurance against artificial calamities:

Insurance against man-made disasters is also covered under specific motor insurance policies. This might include insurance against damage from explosions, theft, malicious acts, terrorism, riots or strikes, among many others. Again, you can claim your insurance before or after fixing your vehicle.

Get a quote

You can apply for motor insurance online by following a few simple steps. First, all you need to do is provide the details in the application form given below:

FAQs

How can my insurance premium be reduced?

You can reduce your insurance premium by driving your vehicle safely. In addition, if you do not raise a claim for a considerable amount of time, you will receive a no-claim bonus (NCB) which will further help you to receive a 50% discount on your premium. Therefore driving safely can earn you several benefits.

What are the common add-ons recommended with motor insurance?

In order to secure a comprehensive motor insurance policy, you can opt for several add-on services like zero depreciation, no claim bonus protector and engine protection for cars. In the case of bikes, the recommended add-ons might include covers such as accident cover, cashless hospitalization and zero depreciation cover.

When can my motor insurance claim get rejected?

The motor insurance company can reject your claim under the following circumstances:

If the motor insurance company inspects and finds out that the accident has been caused due to reckless driving or under the influence of drugs or alcohol.
If you have already claimed insurance for a considerable time and exhausted the policy’s sum.
If your claim does not come under the inclusion of the policy.

How long will it take for an insurance claim to be processed?

Once you have claimed insurance, you will get an insurance claim number. After you have successfully submitted all the required documents as mentioned in the policy, your claim will be processed within a short period or within the time period mentioned in the company’s terms and conditions.

How to renew my motor insurance policy online?

You can easily renew your motor insurance policy online by following a few simple and easy steps:

Log in to the official website of your insurance company
Fill up the renewal form
Take the premium quote and proceed with the payment
Once the payment is successful, a soft copy of the policy will be mailed immediately.