FAQ

What is car insurance?
Car insurance is also called motor insurance. The policy is a contract between the insured and the insurer to protect them from unforeseen mishaps while dri...
Fri, 3 May, 2024 at 11:45 AM
Is car insurance mandatory in India?
Yes, car insurance is mandatory in India for many reasons, the first and foremost being the rising number of road accidents in India. The Motor Vehicles Act...
Fri, 3 May, 2024 at 11:45 AM
What does premium mean in car insurance plans?
Car insurance premium means the cost you are required to pay to the insurance company to buy a car insurance plan. It is the amount that the policyholder pa...
Fri, 3 May, 2024 at 11:45 AM
Is car insurance also required for old cars?
Yes, as per the Motor Vehicles Act, 1988, car insurance is mandatory for all types of cars in public places in India, irrespective of their age. Though, old...
Fri, 3 May, 2024 at 11:45 AM
Will I require car insurance for an electric/CNG/LPG car?
Yes, owners of electric cars or cars fitted with CNG/LPG are also required to carry a valid car insurance policy.
Fri, 3 May, 2024 at 11:46 AM
What are the various types of car insurance plans I can buy for my vehicle in India?
There are 2 types of car insurance plans available in India that you can choose from. The most basic and mandatory car insurance plan is third-party car ins...
Fri, 3 May, 2024 at 11:46 AM
Can car insurance premiums be paid in instalments?
No, you cannot pay car insurance premiums in instalments. Section 64VB of the Insurance Act, 1938 does not permit insurance companies to take the risk of pr...
Fri, 3 May, 2024 at 11:46 AM
What are the factors that affect car insurance premiums?
The cost of car insurance premiums is affected by a lot of factors. Having a basic understanding of the factors can help you save on the cost of car insuran...
Fri, 3 May, 2024 at 11:46 AM
What is a 'No Claim Bonus' in a car insurance policy?
No claim bonus or NCB refers to the reward that your insurance company gives you for not filing a single claim throughout the policy tenure. This reward is ...
Fri, 3 May, 2024 at 11:46 AM
What is third-party car insurance?
Third-party car insurance is the most basic type of car insurance policy required to be carried while driving on Indian roads. This type of car insurance on...
Fri, 3 May, 2024 at 11:47 AM