What Is Motor Insurance?
It’s an agreement between you (the vehicle owner) and the insurance company.
You pay a premium, and in return, the company compensates you for damage, theft, or third-party loss involving your vehicle.
Types of Motor Insurance
1.Third-Party Liability Insurance
2.Own Damage Insurance
3.Comprehensive Insurance
Benefits
✅ Financial protection against repair and replacement costs
✅ Legal compliance (as per Motor Vehicles Act, 1988)
✅ Cashless repairs at network garages
✅ Coverage for theft, fire, and natural disasters
✅ Third-party injury/death liability protection
