Your Motor Insurance coverage is usually effective for 12 months from the commencement date (or as indicated on your policy schedule). However, third party coverage for new vehicles is for 3 and 5 years for car and bike respectively.

The vehicle’s insurance covers it, as liability follows the vehicle. So, if someone else is driving with your permission, your bike/car insurance applies.

Yes, if you sell your car or bike, you can transfer the insurance to the buyer. The new owner needs to apply for the transfer within 14 days of getting the vehicle in their name. They'll also need to pay the premium for the remaining policy period.

NCB stands for No Claim Bonus. It's a reward for vehicle owners who haven't made any claims in the previous policy year. You can accumulate it over time. If you have not made a claim in the previous policy year, you get a discount of 20-50% on the own damage premium for your vehicle.

Yes, according to the Motor Vehicle Act, every vehicle on the road must be insured, at least with a liability only policy.

Yes, you can cancel the policy, but only after making sure the vehicle is insured for at least third party (liability only) coverage from the same or another insurer.

Yes, it's important to inform about changes in the engine or chassis number immediately. Provide a copy of the vehicle registration along with the original policy for the necessary correction and issuance of an updated insurance certificate.

Your Motor Insurance coverage is usually effective for 12 months from the commencement date (or as indicated on your policy schedule). However, third party coverage for new vehicles is for 3 and 5 years for car and bike respectively.

The vehicle’s insurance covers it, as liability follows the vehicle. So, if someone else is driving with your permission, your bike/car insurance applies.

Yes, if you sell your car or bike, you can transfer the insurance to the buyer. The new owner needs to apply for the transfer within 14 days of getting the vehicle in their name. They'll also need to pay the premium for the remaining policy period.

NCB stands for No Claim Bonus. It's a reward for vehicle owners who haven't made any claims in the previous policy year. You can accumulate it over time. If you have not made a claim in the previous policy year, you get a discount of 20-50% on the own damage premium for your vehicle./p>

Yes, according to the Motor Vehicle Act, every vehicle on the road must be insured, at least with a liability only policy.

Yes, you can cancel the policy, but only after making sure the vehicle is insured for at least third party (liability only) coverage from the same or another insurer.

Yes, it's important to inform about changes in the engine or chassis number immediately. Provide a copy of the vehicle registration along with the original policy for the necessary correction and issuance of an updated insurance certificate.

The Insured’s Declared Value (IDV) is the total insurance coverage for the vehicle, set at the start of each policy period. It includes the value of side cars and any additional accessories not in the manufacturer’s listed selling price.

It is a document that proves you have a valid insurance policy, and it's required by the Motor Vehicles Act.

Private vehicle insurance: Covers you and your vehicle financially from personal injury, accidents, theft, and other threats
Commercial vehicle insurance: Useful for all vehicles not used for personal purposes including trucks, buses, taxis, and other vehicles

• Proof of Identity (Passport/ driving licence/ Aadhaar/ PAN Card/ government-issued photo ID)
• Proof of Address (Passport/ driver’s licence /Bank or post office passbook / government-issued Photo ID
• Recent passport-size photo
• Driving licence
• Vehicle Registration Certificate

A motor insurance policy is usually issued for a year, after which you have to renew it.

• The premium for your vehicle will depend on
• Type of policy - comprehensive plans charge a higher premium than third-party plans
• Age of the vehicle - Older the vehicle, lower the premium
• Registration location - Vehicles in metros attract higher premiums
• Claim history - Premiums are higher if claims have been made in past years
• Make, model and variant - It determines the vehicle’s value which affect the premium
• Available discounts - discounts reduce the overall premium
• Engine: Petrol and diesel engines have different impacts on premium.
• Add-ons: Add-on covers come with an extra cost.

You should renew your vehicle insurance every year as it is required by law to have the vehicle you are driving insured.

You are advised to buy a new policy immediately, as you can not legally drive on Indian roads with an uninsured vehicle. The best practice is to renew it before expiry. In case of policy expiration, the vehicle will have to undergo and inspection before a new policy is sanctioned.

Yes, it is required by law to have a minimum of a third-party vehicle insurance.

While buying vehicle insurance, you need to consider factors such as coverage, add-ons, personal accident cover, claim process, IDV, network garages, NCB, depreciation cover, policy document, and premiums.