Overview
Protect yourself on the road with an Motor insurance policy that goes the extra mile.
Motor insurance, also known as car insurance or auto insurance, is a type of insurance that helps cover the cost of damages or injuries that may occur as a result of a car accident. It is usually mandatory for car owners to have motor insurance in order to drive legally on the roads.
There are several types of motor insurance available, including liability coverage, collision coverage, comprehensive coverage, and personal injury protection. Each type of coverage has its own set of terms and qualifications.
Liability coverage is the most basic type of car insurance. It helps cover the cost of damages or injuries that you may cause to another person or their property while operating your vehicle.
Collision coverage helps cover the cost of damages to your own vehicle in the event of an accident.
Comprehensive coverage offers protection for damages caused by non-collision events such as theft, fire, or natural disasters.
Personal Injury Protection (PIP) coverage, also known as medical payments coverage, helps cover medical expenses for the policyholder and passengers in the event of an accident, regardless of who is at fault.
The terms of a motor insurance policy, such as the premium and deductibles, will vary depending on the plan and the individual's situation. Factors such as the make and model of the vehicle, the driver's age and driving history, and the location of the vehicle will be taken into consideration when determining the premium.
It's important to compare the coverage and costs offered by different insurance companies and read the fine print before purchasing a policy. It's also important to check the discounts offered and if the company has a good reputation for handling claims.
Frequently Asked Questions
How do I buy motor insurance via Findryl?
Soon you'll be able to buy a policy online without our intervention. To purchase the product, you can either fill out the form above, click on the WhatsApp icon on the bottom right corner of the page, or click on the Findryl hotline button on the top right corner of the page.
Why should I take insurance with Findryl instead of with a Insurance company directly?
In short, you'll save time and probably a lot of money! It's important to compare different options instead of going with the first one you find. If you apply with one company directly you may miss some discounts on it. Findryl simplifies this process with a single, unified way that connects you to the best insurance offers.
Features & Benefits?
- 24/7 claims service
- Flexible premium payment options
- Loss of use coverage
- Covers losses if zero depreciation is selected
What are the types of motor insurance available in India?
In India, there are two types of motor insurance policies available - third-party insurance and comprehensive insurance. Third-party insurance is the minimum insurance required by law, which covers damage or injury to third-party property or person. Comprehensive insurance, on the other hand, provides protection against damage or loss to the vehicle itself, as well as third-party liability.
What is IDV in motor insurance?
IDV (Insured Declared Value) is the maximum amount that the insurer will pay in case of a total loss or theft of the insured vehicle. It is the market value of the vehicle, which is calculated based on the manufacturer's listed selling price minus depreciation.
What is a no-claim bonus (NCB) in motor insurance?
No-claim bonus (NCB) is a discount offered on the premium amount for every claim-free year. The discount percentage increases with every claim-free year, up to a maximum of 50%. NCB can be transferred to a new policyholder if the old policyholder sells the vehicle.
What is the process for filing a motor insurance claim?
In case of an accident or loss, the policyholder needs to inform the insurance company as soon as possible and file a claim. The insurance company will send a surveyor to assess the damage and provide an estimate. The policyholder needs to submit the necessary documents, such as the claim form, FIR, and repair bills, to the insurance company. Once the claim is approved, the insurer will reimburse the cost of repairs or settlement amount.
How do I file a claim with my motor insurance provider?
You can usually file a claim online, by mail, or by phone. You will need to provide information about the service you received and the provider who gave it to you.