Motor Insurance

- Better Coverage at a Better Price

A standard motor insurance or better known as a car insurance policy is usually the insurance coverage mandated by law to drive on the road. Thus, it primarily covers you against liability damages and unexpected repairs.

A typical vehicle insurance policy covers damages to third party and to self car but the products by a few private insurers offer a large number of other utilities to the policyholders,like

- Cashless claims at network garages

- Depreciation Cover

- Engine Protection Cover

- 24X7 Road Side assistance

- Towing Facility

Cashless Claim settlement - Today just like health insurance also motor insurance offers Cashless Claim settlement at a host of garages across the country. All you have to do is to note the nearest garage and ask them for help from their on they directly coordinate with the insurer. In case the car is not fit to be driven these network of garages also ensure that your vehicle can be towed to them.

Sum Insured - Vehicles are covered at a specific value called as the 'Insured's Declared Value' and it is calculated on the basis of the manufactures listed selling cost of the vehicles along with the listed cost of any accessories after deducting the depreciation for every year according to the schedule offered by the Indian Motor Tariff.

If the cost of any electrical and / or electronic item installed in the vehicle is not included in the manufacturer's listed selling price, then the actual value (after depreciation) of this item can be added to the sum insured over and above the IDV.

Tax Benefits - No tax benefits are available on motor insurance.