Insurance
Our Insurance division undertakes all types of vehicles Insurance works, including individual cars, motorcycles, and commercial vehicles, for financial protection against damage caused by an accident, theft, or loss of the vehicle.
We are associated with all major Motor insurance Agencies. We do policies online, based on coverage refer to the type of insurance plan selected, which can be categorized into the following:
- Comprehensive Insurance.
- Third-party Liability Insurance.
Each of the categories has been discussed in detail in the following sections.
Types of vehicle insurance coverage
Comprehensive Insurance
A comprehensive vehicle insurance plan includes third-party liability as well as any expense incurred by the policyholder due to theft or accident of the vehicle. In case the policyholder is injured, the personal accident cover entitles the policyholder to claim compensation due to death or injury due to an accident.
The benefit of taking on a comprehensive motor insurance policy is that the add-on plans or riders extend added benefits to the policyholder without taking out multiple policies. Therefore, this type of insurance plan extends security and protection to the policyholder for almost any situation that they might encounter.
Third-Party Liability Insurance
Third-party liability insurance is mandatory for every vehicle owner in India, by law. Essentially, these insurance plans protect the policyholder’s interests from damages caused to a property or an individual by the policyholder.
It can be said that a third-party cover helps lower the risk and liability of the policyholder in a number of situations. Also, this cover is recommended for inexpensive and old vehicles that are cheaper to repair.
