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Car Insurance

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Why It Matters

Why Car Insurance is Important

Beyond the legal requirement, the right car insurance protects you from unexpected financial stress.

Legal Requirement

Third-party car insurance is mandatory for all vehicles driven on Indian public roads.

Protection from Accidents

Comprehensive cover helps with repair costs for your own car after an accident.

Third-Party Liability

Covers legal liability for injury or damage caused to a third party's vehicle.

Roadside Assistance

Many policies include or allow add-ons for roadside assistance.

No-Claim Bonus

If you don't make a claim, you can earn a No-Claim Bonus that reduces your premium.

Natural Calamity Cover

Comprehensive policies typically include flood, earthquake, storm protection.

FAQs

Car Insurance — Frequently Asked Questions

Answers to the most common questions about car insurance.

Is Car Insurance required in India?

Third-party motor insurance is legally required for vehicles used on Indian public roads. Additional coverage depends on the policy you choose.

What is the difference between Comprehensive and Third-Party Car Insurance?

Third-party cover protects you against liability to others. Comprehensive cover also protects your own car against accidents, theft, fire and natural calamities.

What is No-Claim Bonus (NCB)?

If you don't make a claim during a policy year, you may earn a No-Claim Bonus. This can reduce your premium at renewal, subject to the insurer's terms.

Can I add add-ons to my Car Insurance policy?

Yes. Common add-ons include zero depreciation, engine protection, roadside assistance and consumables cover. Availability varies by insurer.

What documents are needed for a Car Insurance claim?

Commonly requested documents include the policy copy, RC, driving licence, FIR (if applicable) and photographs of damage. Requirements vary by claim type.

Does Car Insurance cover theft of the vehicle?

Comprehensive car insurance typically covers theft, subject to policy terms and conditions. An FIR is usually required.

How is Car Insurance premium calculated?

Premium depends on factors like the vehicle's make, model, age, engine capacity, location, policy type, add-ons and claims history.

What is zero depreciation car insurance?

It covers the full cost of replaced parts without depreciation deduction.

What is engine protect cover?

It covers engine damage due to water logging or lubricating oil leakage.

Can I cancel my Car Insurance?

Yes, with a written request. Refund depends on the unused period.

What is roadside assistance?

An add-on that provides help for towing, fuel delivery, flat tyres, and more.

Can I transfer my Car Insurance to a new owner?

Yes. Inform the insurer and submit the transfer form along with RC and NOC.

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