Updates over WhatsApp
The first thing you should do right after you buy your vehicle is getting a motor insurance policy. By doing so, you’d be providing immediate protection for your car and yourself. Plus, by buying a motor insurance policy, you are performing your due diligence as a responsible driver and citizen as you are abiding by the law. In India, as per the Motor Vehicles Act, it is mandatory for every vehicle to have motor insurance.
As a vehicle owner, you can buy three types of car insurance policies, namely third-party liability, own damage cover, and comprehensive car insurance policies. However, only third-party motor insurance is mandatory by law. It is your choice to buy any of the other two kinds of insurance policies.
The third-party liability cover provides compensation for any damage caused to the third party’s life, vehicle, or property. This is the most basic motor insurance policy, and it aims to instill in drivers a sense of decorum on the road, as well as to condition them to be safe towards themselves and others. In short, this motor insurance is made mandatory by law to keep people grounded and maintain law and order.
As a vehicle owner, you must always carry valid motor insurance with you. This means that you have to make sure that your third-party liability cover is always renewed on time. An expired motor insurance policy is invalid and might have the same consequences as not owning motor insurance at all.
If you have an accident with your car and injure a third party, you can pay for their compensation if you have a valid third-party motor insurance policy. But in the same scenario, if you do not have a motor insurance policy, then a criminal case will be filed against you for negligent driving.
If you are ever caught by the traffic policy without third-party motor insurance, you can face legal penalties like the imprisonment for 3 months. You will also be imposed with heavy fines for breaking the law.
If you do not own a valid third-party liability cover, then in case of an accident, you will have to pay for the third-party’s compensation from your own pocket. The compensation may include repairing their car, paying for the treatment of their injuries, or compensating the family in case of their demise. You can avoid this by simply buying a third-party car insurance plan.
A third-party car insurance policy is to compensate for the damage caused to someone else, and not you. But if you want to get covered for the damage caused to you or your car, you must either get your own damage cover or a comprehensive car insurance policy. If you don’t have either, then in the case of any damage caused to your car due to an accident, theft, fire, etc., you will have to bear the repair costs all by yourself.
Buying motor insurance has various benefits, and it provides you with protection as well as assistance in many significant situations. If you have comprehensive car insurance, you do not need to buy third-party cover separately as it is included in it. Besides that, you can opt for add-on covers for wider protection, like zero depreciation cover, roadside assistance, personal accident cover, etc.
The law makes it a mandate to only buy third-party liability cover. But if you want extensive protection that caters to your safety, then you should consider buying a comprehensive car insurance policy. Buy a motor insurance policy not only to avoid the legal consequences but also to provide financial security for yourself in case of unprecedented circumstances.
I/we give my/our consent to receive information in respect of policy servicing, claim servicing, updates on my policy, updates on new and existing product, marketing or servicing my relationship with Kotak Mahindra General Insurance Company Limited, its group companies/associates or agents through Telephone/Mobile/SMS/e-Mail, etc. Further, i/we understand that my/our consent to receive calls/communications shall be valid and shall prevail over my/our current or any subsequent registration of my/our number for the NDNC and shall continue to be treated as my/our consent/acceptance. (If you do not wish to accord your consent, please submit a Do Not Call (DNC) form alongwith this form.
I/we have understood the form, including the clause on consent to call, and i/we have agreed the same after understanding and accepting the terms contained therein.
Benefits of car insurance
A car insurance can help you offset substantial financial loss that you may incur because of damage caused to your car
Must have Add On Covers for Car Insurance
A basic comprehensive car insurance covers damage to car, 3rd party liability and theft & loss of vehicle.
Right time to buy vehicle insurance
Buying a vehicle insurance is an important decision and you need to ensure that you make a timely purchase of vehicle insurance
Know How Car Insurance Premium Is Calculated
Car insurance premium calculation is based on various important factors. Learn about these factors.
Rules to follow for safe driving
Know About The Important Road Safety Rules To Follow
Significance of a motor vehicle insurance policy
Apart from financial security, know in what all ways a motor insurance policy is significant.
Maintenance tips for car engine
Follow these maintenance tips and buy a car insurance with engine protection cover to keep engine secure.
Monsoon Tips for Car
Simple tips to help you stay safe and keep your car moving ahead during monsoon.
What is Zero Depreciation Cover
Read on to understand what is zero depreciation car insurance cover and how it works.
Questions Regarding Motor Insurance Policies
Essential questions answered about motor insurance policies in India.
To optimise our site experience on your handheld device, please hold your phone vertically.