Motor Insurance is a type of insurance policy which covers your vehicles from potential risks financially. Policyholder’s car or two wheeler is provided financial security against damages arising out of accidents and other threats. In India, motor insurance is mandatory.

According to the Indian Motor vehicles act, it is mandatory for all vehicles plying on Indian roads to have them insured under a Motor Third Party Liability insurance policy. It covers the vehicle owners against financial and legal liabilities arising out of accidents to third parties only.

A Comprehensive Motor insurance policy on the other hand provides additional coverage to your own vehicle against financial losses arising out of accident, theft, damage, riots, fire and natural calamities. The policy also covers death and bodily injuries to the owner driver of the vehicle.