One of the legal and financial requirements for vehicle owners in India is Car Insurance. According to the Motor Vehicles Act, 1988, it is mandatory to have at least third-party car insurance to legally drive on public roads. This insurance protects vehicle owners from financial losses due to accidents. The
Owning a car also means taking responsibility for financial risks on the road. Car insurance is not only a legal requirement but also a financial safety tool. Accidents, damage, natural disasters or third-party damage can lead to high costs. A good policy can help you reduce this burden. However, all
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), India has one of the largest automobile markets in the world, and its sales of passenger vehicles are increasing every year. With the increase in the number of households owning cars both in the urban and semi-urban
If you own a car in India, third-party insurance isn’t something you choose; it’s something the law requires. Every vehicle on the road must have it, no exceptions. And yet, most people who buy it don’t really know what they’re paying for. That’s not entirely surprising. When something is purchased
Purchasing car insurance is easy enough; you compare the cover, make the payment and leave. The harder part comes later, when something actually goes wrong, and you have to navigate how to claim car insurance under stress. Motor insurance in India is controlled by the Insurance Regulatory and Development Authority
What is zero depreciation in car insurance, and why is it widely discussed among vehicle owners in India? This add-on cover, also known as bumper-to-bumper insurance, plays a significant role in determining how much claim amount you receive after an accident. Insurers typically deduct depreciation on the parts that are
Car insurance renewal is compulsory for all vehicle owners in India as per the Motor Vehicles Act, 1988. Having an active policy will provide you with financial security against accidents, third-party liabilities, and damages to your vehicle. Through online portals, customers can now get their renewal done instantly by visiting
Owning a car in India involves legal and financial liabilities. Among these, maintaining valid motor insurance and keeping the necessary documents readily available is obligatory under Indian law. Yet, numerous vehicle owners are doubtful about what documents they should carry, what each document represents, and why it matters. The confusion
According to the Motor Vehicles Act, all motor vehicle operators require a valid insurance policy. Every motor vehicle must have valid third-party liability insurance in place to meet basic legal compliance in India. That said, many select comprehensive motor vehicle (car) insurance policies for broader protection. Many insurance companies in
One often hears the question “which insurance is best for car?” from new vehicle owners or those deliberating the purchase of a car. In India, every vehicle is legally required to hold third-party insurance. However, to pick the right cover, you’ll need to be aware of the different kinds of
