Insurance India

Motor Insurance India

Motor insurance India policy is necessary for all motor vehicle owners since it shields them from legal liabilities that might occur during their vehicle maneuver.

Risks shielded- Motor car insurance policy protects the motor vehicle owners from the risks of - Fire, Explosion, Self-Ignition and Lightning, Burglary, Housebreaking and Theft, Riot, Strike, Malicious and Terrorism Damage, Earthquake, Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone, Hailstorm, Accidental External Means, Transit by road, rail, inland waterway, lift, elevator or air. You can take a low cost motor insurance also.

From the above coverage, for all classes of vehicles, the risks of riot, strike, malevolent and terrorism smash up, earthquake; deluge and tempest can be opted out of with a resultant discount insurance India premium.

In addition to these, cover is also available for fortification, taking away costs and authorization of maintenance. For the expediency of the mass motor insurance online India is also available.

For motor Vehicles insurance India, however, covers the vehicle while it is being used for the purpose of tugging invalid vehicles. This section covers third party liabilities that the insured vehicle or the one being towed may acquire as a consequence of a mishap. This is provided the towed vehicle is not towed for reimbursement/remuneration. Further, the insurance company is also not legally responsible for damages to the towed vehicle or any property being conveyed thereby.

Compensation Offered

Motor car insurance policy will provide compensation for the motor vehicle owners from these liabilities such as- Unlimited liability towards bodily injury to any third party, unlimited liability towards bodily injury to passengers of the vehicle, Liability towards third party property damage, limited to Rs.6, 000/- only, Liability towards employees of the owner of the insured vehicle while traveling or using it, against bodily injury to the extent required by the Workmen's Compensation Act. There are cheap motor insurance policies also for the average car owners.

If a motor vehicle is disabled as a result of loss or dent due to the perils mentioned above, the motor insurance company India bears the logical cost of protection and removal to the nearest repairer and the cost of redelivery to the owner/insured subject to a highest limit, in respect of any one accident.

There are many other types of policies like- motor car insurance India, Motor bike insurance India, motor cycle insurance India etc which are mainly proffered by-

• National Insurance Company Ltd. (NIC)
• The Oriental Insurance Company Ltd. (OIC)
• United India Insurance Company Ltd. (UIIC)
• The New India Assurance Company Ltd.