The increasing number of vehicles on the congested roads of our country are prone to accidents every day. These accidents can cause loss of life or damage to property that can cause huge financial loss.
Motor Insurance covers the motor vehicle against any damages or losses caused by accidents, and legal liability to a third party for bodily injury or property damage. The policy covers damage to your vehicle, damage to another person’s vehicle, injury or death of a passenger or member of the public because of an accident. This policy provides an option to choose between the Comprehensive Motor Policy and Third-Party Policy depending upon the nature of the coverage desired.
Motor insurance covers vehicle malfunctions, damage from natural disasters, theft or accidental damage, medical fees resulting from bodily injury, damage to the third party, damage due to malicious acts, and also covers injury/death caused to the passenger or the driver.