Motor Insurance
Motor insurance, often known as vehicle insurance, is a mandated insurance coverage for four-wheelers, lorries, two-wheelers, and other vehicles on Indian highways. A car insurance policy protects the insured vehicle against third-party liability and unintentional damages.
Motor insurance protects you against unanticipated risks or damage to your vehicle while it is being used/driven or parked. Third-party insurance is required in India to protect your automobile against third-party responsibility, which includes injury or death to a third party and third-party property damage.
Why Should You Purchase Motor Insurance?
Do you know that over 4 lakh people are killed or injured in traffic accidents each month? According to a survey done by the World Health Organisation Report, India had the greatest number of road fatalities in the world in 2012.
In India, it is compulsory to have third-party insurance coverage. A third-party plan, as the name implies, covers third-party liability and includes a specific set of coverage. However, if you decide to get a comprehensive insurance plan, it is recommended that you examine various factors in order to get the most out of that insurance plan. So, here are some things to think about while shopping for auto insurance.
When you buy car insurance online, you may compare several policies from the convenience of your own home. As a result of digitization, some insurance firms have introduced mobile apps to improve your buying experience. Because insurance plans have a validity period, the policyholder must renew the insurance plan before it expires. Online insurance renewal provides its own set of benefits.
