How to Buy Motor Insurance in India: A Complete Guide
Introduction Buying motor insurance in India is no longer a mere formality—it’s a critical step in safeguarding your vehicle, financial well-being, and peace of mind. Whether you own a two-wheeler, a car, or a commercial vehicle, choosing the right policy allows you to buy motor insurance that protects you against unexpected financial burdens arising from accidents, theft, or natural calamities. This guide provides a comprehensive, step-by-step approach to buy motor insurance in India, ensuring you make informed decisions and maximize your coverage benefits. What is Motor Insurance? Motor insurance, often called vehicle insurance, is a contract between the vehicle owner and the insurance provider. The policy ensures that in the event of accidents, theft, or damage, the insurance company compensates the insured financially as per the terms of the policy. Motor insurance in India is mandatory under the Motor Vehicles Act, 1988. Driving without insurance can attract ...