About Motor Vehicle Insurance

Commanly asked questions about motor vehicle insurance in India 

What is motor vehicle insurance?

Why do I need motor vehicle insurance?

What are the types of motor vehicle insurance policies available in India?

What is third-party motor vehicle insurance?

What is comprehensive motor vehicle insurance?

What is the coverage provided by third-party motor vehicle insurance?

What is the coverage provided by comprehensive motor vehicle insurance?

What is the premium amount for motor vehicle insurance?

What factors affect the premium amount of motor vehicle insurance?

What is the policy period for motor vehicle insurance?

What is the minimum and maximum age to apply for motor vehicle insurance?

What is the minimum and maximum sum assured in motor vehicle insurance?

What is the claim settlement ratio of an insurance company for motor vehicle insurance?

What is the claim settlement process for motor vehicle insurance?

What is the claim intimation process for motor vehicle insurance?

What is the waiting period for a claim in motor vehicle insurance?

What is the maximum payout in case of an accident in motor vehicle insurance?

What is the no-claim bonus in motor vehicle insurance?

What is the depreciation of the vehicle in motor vehicle insurance?

Can I transfer my motor vehicle insurance to a new owner?

Can I cancel my motor vehicle insurance policy?

What is the refund policy in case of cancellation of motor vehicle insurance?

What is the difference between third-party motor vehicle insurance and comprehensive motor vehicle insurance?

Can I buy motor vehicle insurance online?

What is the benefit of buying motor vehicle insurance online?

What is the geographical scope of motor vehicle insurance?

What is the difference between private car insurance and commercial vehicle insurance?

What is the difference between two-wheeler insurance and four-wheeler insurance?

What is the difference between own damage and third-party liability in motor vehicle insurance?

What is the voluntary deductible in motor vehicle insurance?

What is the compulsory deductible in motor vehicle insurance?

What is the personal accident cover in motor vehicle insurance?

Can I add riders to my motor vehicle insurance policy?

What is the zero depreciation rider?

What is the engine protector rider?

What is the key replacement rider?

What is the roadside assistance rider?

What is the consumable expense rider?

What is the return to invoice rider?

What is the no-claim bonus protector rider?

What is the loss of personal belongings rider?

What is the daily allowance rider?

What is the hydrostatic lock cover in motor vehicle insurance?

What is the cover for electrical or non-electrical accessories in motor vehicle insurance?

What is the difference between cashless and reimbursement claims in motor vehicle insurance?

What is the procedure for cashless claims in motor vehicle insurance?

What is the procedure for reimbursement claims in motor vehicle insurance?

What documents are required to file a claim in motor vehicle insurance?

What is the importance of timely renewal of motor vehicle insurance?

What is the penalty for driving without motor vehicle insurance?