Motor Vehicle Insurance

Get information on Insurance companies, type of Insurance and much more here! You never have to worry a thing about your vehicle insurance. The motor vehicle insurance certificate is a legal requirement as per Motor Vehicle Act 1988 (sec 146 & 147). It gives financial protection from accidental risk. It is very much dangerous and illegal to drive a motor vehicle without insurance.

Insurance in not a commodity like a television set or music system which you buy once, pay once and enjoy the benefits. Please be very careful before buying a auto insurance product in particular.

In auto insurance the premium’s are usually paid for a couple of years and in some cases like term insurance policy many years.

We study with deep analysis and market research so that you get get advise in the town We helps you to make a decision tat you do not regret in life.

Type of motor vehicle insurance

Third party policy : This covers the risk or damages caused to the third person. Personal injuries and personal vehicle damages will not be covered by this policy. For two wheeler vehicles we can take this policy for life time. For other vehicles this policy has to be renewed annually. This is the cheapest available motor vehicle insurance policy. This policy can be renewed two months in advance of its expiry.

Comprehensive policy : This is the costly policy. It covers both personal and third party risk. We have to renew this policy annually, and it can be renewed two months in advance anywhere in India.

Transfer of insurance :

If the motor vehicle insurance certificate is lost or defaced, duplicate copy may be obtained by making an application to the concerned Insurance company branch by paying fees of Rs. 50/-.

Transfer of insurance

Third party insurance policy changes automatically when the registered owner changes. In case of comprehensive policy an application is to be made for change of ownership in the policy.

Accident Claims :

To obtain motor vehicle claims of an accident, one has to make detailed claim to the concerned insurance company. One who makes a claim application has to give following documents:

  1. Valid driving licence.
  2. Valid insurance certificate.
  3. Valid registration certificate.
  4. Valid tax certificate.
  5. First information report (FIR).
  6. Valid permit for a transport vehicle.
  7. Valid fitness certificate for transport vehicles.
  8. Claim estimation report by an authorised surveyor of the Company.

Some of the major insurance offering companies are

United India Insurance Co. LTD Click Here to view details
TATA AIG - General Insurance Click Here to view details
ICICI Lombard - Motor Insurance Click Here to view details
The Oriental Insurance Company Limited Click Here to view details
HSBC India - AutoSecure Click Here to view details
Bajaj Allianz Click Here to view details
Reliance General Insurance Co. Ltd. Click Here to view details