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Motor 
Insurance

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Motor Vehicle Act mandates the purchase of a Liability only policy for both two and four-wheelers. Comprehensive motor insurance with both liability and own damage cover will protect your vehicle against damage or third-party liability that might bring upon financial loss.

Vehicle Insurance Coverage

Loss and Damage Cover

  • Accidents due to external means 

  • Burglary, housebreaking, or theft 

  • Fire, explosion, self-ignition, lighting 

  • Terrorism, riots, strike, or malicious act 

  • Transit by road, rail, inland waterway, lift 

  • Earthquake, flood, storm, landslide, rockslide

Third-Party legal liability

  • Accidental death/injury to a third party 

  • Any damage to property owned by a third party

Compulsory personal accident cover 

  • For a minimum of Rs. 15 lakhs 

Most common exclusions

  • Damage due to wear and tear

  • Loss from mechanical/electrical breakdowns

  • Depreciation from regular use

  • Damage to tires and tubes during the normal course of running

  • Damages caused by a driver with no valid driving license

  • Damage caused while driving under the influence of alcohol or drugs

  • Any damage/loss incurred due to war, mutiny, or nuclear risk

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