More popularly known as motor insurance, this type of insurance provides cover for loss or damage to any vehicle like car, two-wheeler or commercial vehicle, etc. This insurance helps mitigate monetary harms due to accidents causing damage to the vehicles.
Different types
of insurance to choose from
A car insurance policy is a contract between you, the car owner, and the insurance company. The policy covers the financial losses that you might suffer when you are using your car. These losses might arise when you hurt someone and become financially liable to pay for the injuries or when your own car is damaged or stolen. The coverage that you get depends on the type of car insurance plan that you buy.
Two-wheeler insurance is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road.