Check what are types of Motor Insurance Available in India.
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Motor Insurance is provided for mainly 3 Categories
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Car Insurance
If your car is involved in an accident that results in damage or loss to the property of any third parties, it is covered under the car insurance.
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Bike Insurance
Two-wheeler insurance is an insurance policy that covers you against damages to your two-wheeler due to accidents, natural/man-made disasters, fire, and theft.
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Commercial Vehicle Insurance
Commercial vehicle insurance policy compensates for losses that are incurred due to damage resulting from theft, accidents, and natural disasters.
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3 Types of Motor Insurance
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Third-Party Liability
It is the basic & minimum mandatory requirement for all motorised vehicle owners, as per the Motor Vehicles Act of 1988.
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Own Damage Cover
Own Damage Car insurance a.k.a. OD Insurance is a motor insurance policy that is intended to safeguard your car against unforeseen own damages.
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Comprehensive Cover
Comprehensive insurance is insurance coverage that pays for the repair or replacement. This insurance covers third-party issues & accidental damages.