Motor Insurance
As per the Motor Vehicles and Road Traffic Act, it is mandatory for every owner of a vehicle plying on public roads to take an insurance policy to cover the amount which the owner becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury or damage to property. A Certificate of Insurance must be carried in the vehicle as proof of such insurance.
Third Party Policy
Covers legal liability arising from third-party bodily injury, death and property damage.
Comprehensive Cover
Covers loss of or damage to the insured vehicle in addition to Third Party liability protection.
Motor Insurance Protection
Flexible coverage options designed to protect vehicle owners against a wide range of risks on and off the road.
- Third Party Policy – Covers legal liability for bodily injury, death and property damage caused to third parties.
- Comprehensive Cover – Covers loss of or damage to the insured vehicle in addition to Third Party liability protection.
The Third Party Policy covers the vehicle owner’s legal liability to pay compensation for:
- Death or bodily injury to a third party person.
- Damage to third party property.
In addition to the coverage under Third Party Policy, this policy covers loss or damage to the insured vehicle and its accessories due to:
- Fire, explosion, self-ignition or lightning.
- Burglary, housebreaking or theft.
- Riot and Strike & Civil Commotion (Add-on Cover).
- Malicious Act.
- Earthquake (Fire and Shock) Damage (Add-on Cover).
- Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone and Hailstorm (Add-on Cover).
- Accidental external means.
- Whilst in transit by road, inland waterway, lift, elevator or air.
A restricted cover is also available covering the risk of Fire and/or Theft, in addition to the compulsory cover granted under “Third Party Policy”.
- Wear and tear, breakdowns.
- Consequential loss.
- Loss when driving with invalid driving license or under the influence of alcohol.
- Loss due to war, civil war, etc.
- Claims arising out of contractual liability.
- Use of vehicle otherwise than in accordance with “limitations as to use”, e.g. private car being used as a taxi.
Any vehicle owner whose vehicle is registered in his/her name with the Licensing Office.
Motor Insurance Proposal Form
Ready to apply for Motor Insurance coverage? Download and complete the Motor Insurance Proposal Form and submit it to New India Assurance for quotation and underwriting.
Download Proposal Form