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What is Car Insurance?
Motor Insurance policy issued by the Insurance Regulatory and Development Authority of India (IRDAI) to cover vehicles on the road, including two-wheelers, four-wheelers and commercial vehicles
- A Third-Party (TP) motor insurance policy is mandatory in India according to Section 146 of the Motor Vehicles Act, 1988. It covers damages and losses caused to a third-party individual, vehicle or property.
- An Own Damage (OD) motor insurance policy provides coverage for the vehicle owners against unforeseen situations like accidents, theft, strikes, natural and man-made disasters.
- A comprehensive motor insurance policy provides Third-Party and Own Damage coverage along with Personal Accident cover benefits for complete protection.
Types of Motor Insurance
General Insurance offers two types of Motor Insurance Policies, Car Insurance and Two-Wheeler Insurance.
Four-Wheeler Insurance
Car Insurance policy protects your car from damage caused by unfavourable events, such as theft, accident and natural calamities
Benefits of Car Insurance
Two-Wheeler Insurance
Two-Wheeler Insurance policy offers you an extra edge to protect the insured vehicle with a paperless process at your fingertips
Benefits of Two-Wheeler Insurance
Motor Insurance Coverages
Third-Party Coverage
Third-Party (TP) coverage is mandatory according to Section 146 of the Motor Vehicles Act, 1988. Third-party (opponent vehicle owner/pedestrian) motor insurance covers liabilities such as third-party vehicle/property damages and third-party injury.
Own Damage Coverage
An Own Damage (OD) cover is focused on insuring your vehicle against damages such as accidents, theft, fire, natural calamities and man-made disasters.
Comprehensive Coverage
Comprehensive Coverage provides benefits of Third-Party and Own Damage cover along with Compulsory Personal Accident (CPA) add-on cover. With Shriram Comprehensive policy, choose suitable add-ons to enhance your coverage.