Motor Insurance

Just like any other insurance policy, Motor insurance policy offers indemnity to the vehicle owner / driver against financial losses and legal liability occurring from any kind of accident. As per the Motor Vehicle Act in India, it is compulsory to buy Motor Insurance. The gradual rise in private vehicles on the road has led to a huge risk of road accidents. There has been a sharp increase in motor vehicle accidents over the past few years, which makes it even more necessary to have a Motor Insurance Policy for your vehicle. An insured person under this policy will get protection against the loss / liability due to any accident by paying a small premium. Any physical damage that is a consequence of a motor vehicle accident will be covered under this insurance.