Coverage: Read & Learn

• Motor Insurance Policy A or Third Party Policy or Act Only Policy or Liability Only Policy
  
Motor Insurance Policy A or Third Party Policy or Act Only Policy or Liability Only Policy covers only a vehicle owner's liabilities as a result of an accident that might cause injury, death, or damag ......
• Motor Insurance Policy B or Comprehensive Policy or Own Damage Losses Policy or Act Liability Policy
  
Motor Insurance Policy B or Comprehensive Policy or Own Damage Losses Policy or Act Liability Policy covers the owner's damages as well as third party liabilities. ......
• What is the amount I need to insure my vehicle? / What is IDV?
  
Vehicles are insured as per their IDV. IDV is ex-showroom price minus depreciation, registration, and insurance.a ......
• Should I purchase the Comprehensive Insurance policy or the Third Party Only policy?
  
It is better to go for the comprehensive insurance policy rather than the third party only policy. ......

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Premium: Read & Learn

• Motor Insurance FAQs on Cost, Premiums, Bonus, Discounts, Renewals
  
Know about motor insurance, its costs, premiums, bonuses, discounts and more. ......
• Voluntary Deductibles and Compulsory Excesses
  
Voluntary deductible is the portion of a claim that the customer is willing to bear voluntarily. Compulsory excess is the sum added to the customer's premium as a result of bad claims experience with ......
• Can the insurance premium on my vehicle be reduced?
  
Insurance premiums can be reduced if you maintain a claims-free record. Insurers reward claims-free years with discounts on the succeeding year's premiums. ......

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Exclusions: Read & Learn

• What are the different kinds of vehicles insured by the motor insurance companies?
  
Vehicles that can be insured have been divided into three categories: motorcycles and scooters, private cars, and commercial vehicles. ......
• Is there an age limit for vehicles being insured?
  
Vehicles after a certain age are considered ineligible for comprehensive cover. But, third party only cover is mandatory irrespective of the vehicle's age. ......
• What if my vehicle has an additional CNG/LPG kit?
  
An additional CNG/LPG kit fitted in a vehicle needs to be insured seperately. Read to find out more... ......
• What motor insurance covers vs. What it excludes
  
Motor insurance covers natural and man made calamities, such as lightning, floods, and so on, third party legal liability, and personal accidents. It doesn't cover normal wear and tear, depreciation, ......

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Claims: Read & Learn

• Motor Insurance FAQs on Cost, Premiums, Bonus, Discounts, Renewals
  
Know about motor insurance, its costs, premiums, bonuses, discounts and more. ......
• Motor Insurance FAQs on Claims
  
If you are wondering whether you can claim insurance for your vehicle damaged in another city than where the policy was issued, get your answer right know. And, answers to many more questions. ......
• In case my vehicle is sold and an accident occurs while the policy is in the process of being transferred, would the new owner be eligible to file a claim?
  
The new owner of a vehicle is eligible to file a claim on the car even if the insurance is still in the process of being transferred to him/her. ......
• What happens if a vehicle flees after injuring a third party and its license plate number was not legible?
  
Such hit and run accidents mean that no liability for insurance companies. The victim can be compensated by the Solatium Fund established by the Government. ......

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Decision-making Corner

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