What Is car Insurance?
Car Insurance is a motor insurance policy that protects your financial interests in the occasion of unforeseen incidents like accidents, theft etc. According to the Motor Vehicles Act, 1988, a vehicle owner requires to obtain a valid Third Party insurance policy to be able to drive on the streets of India. A vehicle owner’s license can be revoked until a valid policy is purchased/renewed. A car owner has the option of opting for third party insurance as mandated by law or opting for a comprehensive policy that provides extensive coverage.
Buy/Renew Insurance Online
Save yourself the hassle of visiting an insurance agent and purchase a policy from the comfort of your home in a matter of a few minutes. This is how you can renew your policy online:
● Visit the website of your insurance provider and click on the option to purchase car insurance.
● Enter the details required that include your registration number, mobile number and email address.
● Select the policy you would like to opt for and enter other details like add-ons etc. that will help determine the approximate premium amount payable.
● Upload scanned copies of the documents required.
● Confirm your purchase by making payments via the online mode.
What's Covered In A Car Insurance Policy?
Third-party insurance policy inclusions
- Compensation payable to the nominee of a third party in the event of death caused by your car while it was in motion.
- Compensation payable as a result of damage caused to third-party property as a result of an accident caused by your car while it was in motion.
- Compensation in case of death or injuries caused to a third-party as a result of an accident caused by your car while it was in motion.
- It includes a personal accident cover that provides a compensation of upto Rs.15 lakh in the occasion that the accident leads to the death of the driver.
Comprehensive insurance policy inclusions
- A comprehensive policy makes good the damages caused to your car as a result of an accident, theft, natural calamity etc.
- It covers the expenses incurred in the form of legal fees in situations that you are responsible for an accident.
- It includes losses incurred as a result of theft.
- Comprehensive insurance includes a personal accident cover that provides compensation of upto Rs. 15 lakh in the occasion that the accident leads to the death of the driver.
Damages caused
due to drunken drive
Driving without
a valid license
Damages caused due to using the vehicle for commercial activities
Damages caused
by other activities