Motor insurance is compulsory policieswhoare all having the vehicle in India. Policies are not compulsory for Health Insurance and Life Insurance. Unlike other policies in India, Motor Policies different because of must be insured the vehicle as per the Act. The Motor included all vehicle, Jeeb, car, bus, Lorry, Two Wheeler, own vehicle, Commercial Vehicle etc, The Government of India has made mandatory for safety of himself and others to protect the damage of them. Many of them unaware of Motor policy that will protect vehicle only whereas will protect vehicle and others.
Types of Motor Insurance Policy in India.
Motor Insurance for Private Car
Government of India mandated to insure the Private car owned by Individuals, or a company other than commercial vehicles. The Private car policy will protect from damages against the accident, fire, natural disasters, theft among others and also covers for any injury to the owner, also covers for thirty parties.
Motor Insurance for Commercial Vehicle
Commercial vehicles are not used for personal use which is cover wholly. Commercial vehicle available as Trucks, buses, heavy commercial vehicles, light commercial vehicles, multi-utility vehicles, agricultural vehicles, taxi/cab, ambulances, auto-rickshaw etc.
Motor Insurance for Two Wheeler
This insurance policy covers two-wheelers like a scooter or a bike and is mandated by the Government of India. The two-wheeler is covered against damages from accidents, disasters, fire, theft, etc. as well as any damages and injuries to the third-party. It also offers a mandatory personal accident cover for the owner rider and can be taken for passengers too.