Motor Insurance - Car and Two Wheeler

Motor insurance is no longer a formality for your vehicle. It is mandatory for your two-wheeler and four-wheeler out on the road. It is a security cover that keeps you and your vehicle safe from catastrophes. Motor insurance policies provide you with various add-on coverages for every component of your vehicle. So, give your vehicle the care it deserves with different Motor Insurance Plans. Under Motor Vehicle Act 1988, it is mandatory that all the motorists to have a valid motor insurance for their vehicle at all times.

a) Third Party Liability
b) Comprehensive Car Insurance Plan

Usually, your car insurance policy will only pay you the claim amount after deducting the depreciation amount. Your car insurance policy wordings will contain the details of depreciation. So, to get the entire amount, you have to take zero-depreciation cover. With zero depreciation cover, there are no depreciation cuts, and you get the entire amount in case of claim.

In case of claim for damage caused due to external impact, flood, fire etc to a parked vehicle or damage to windshield glass, this add on cover not only protects your No Claim Bonus earned so far, but also takes it to next NCB slab.

This cover offers technical or mechanical breakdown issues of your car. The emergency assistance cover in a car insurance policy includes minor repairs on site, lost key assistance, duplicate key issue, tyre changes, battery jump starts, fuel tank emptying and towing charges. If you are driving your car and there is damage, it needs to be towed to a garage. With this add on cover, you may call the car insurer and they will get your vehicle towed to the nearest possible garage up to a certain kms from your declared registered address.

What could be more devastating than discovering one fine day that your car has been stolen or faced a total damage. Your policy will always pay you the IDV of your car. The IDV is equal to the current market price of the vehicle. But, with a return to invoice add-on, you get the difference between invoice value and IDV as well. You have to ensure that an FIR has been filed and the car was not recovered within the given time after the incident. E.g. If you have purchased a vehicle and the purchase invoice was Rs 10 lakhs. After two years, the Insured Declared Value (IDV) would be Rs 7 lakhs and is damaged beyond repair or is stolen then, you will get the original purchase invoice Rs 10 lakhs. In addition to this, you will get registration charges & applicable taxes as well. Excess/dectucible as per the car insurance policy schedule will have to be borne by you.

Be it the downpour of rains or the rushing flood waves, your cars gearbox and the engine remains wrapped in the protective coverage of engine and gearbox protection cover! It pays for the replacement or repair of all the child parts or internal parts. Moreover, it further covers the labour costs, cost of compression tests, machine charges and engine cylinder re-boring.

Lost or stolen keys, This add-on will help you get the replacement keys as soon as possible.

This covers all the consumables used in your car, It pays for all the non-reusable consumables such as nuts, bolts etc. Parts such as washers, screws, lubricants, other oils, bearings, water, gaskets, sealants, filters, and much more are not covered under the motor insurance cover & the cost is to be borne by the insured. With this add on cover, Insurance Company pay for the cost of such consumables.