Motor Insurance

A person or an organisation owning a vehicle must have a valid motor insurance policy to use a motor vehicle in public places. Vehicles are classified as Private Car, Motorised Wheelers like Motor Cycle, Scooter etc, and Commercial Vehicles like Goods Carrying Vehicles, Passenger Carrying Vehicles and Miscellaneous Vehicles

Motor Insurance Policy available is of two types, Liability only policy and Package policy.

Liability only policy covers the legal liability of insured towards third party personal injury and property damage arising out of an accident involving the insured vehicle. It is mandatory that every car owner be covered against such risks under Section 146 of the Motor Vehicles Act 1988. The scope of cover is to pay compensation for death of or bodily injuries to third parties and damage to the property of third parties. While the insured is treated as the first party and the Insurance Company second party, all others would be third parties.