How To Apply For Motor Insurance online

Insurance is a legal agreement between two parties, i.e., the insurance company (insurer) and the individual (insured). In this, the insurance company promises to make good the insured's losses on happening of the insured contingency. The contingency is the event that causes a failure.

2022-07-14 11:59:14 - Prathamesh

There is a wide variety of insurance companies. Sarkari Suvidha is one of the best if you want to get the best insurance for car and insurance for a bike. It's helpful to consider the general types since the variations will impact the forms of insurance that a business chooses to buy. Insurance could be a means of protecting yourself from prices because of damage to your property or your health. A premium is the quantity of cash you pay to an insurance firm to possess an insurance policy to cover you for all or a part of these costs. Insurance firms assess the risk on a specific policy and calculate the premium to be charged. You'll pay a premium monthly or annually.


What is Motor Insurance?

Vehicle insurance or Two wheeler insurance is a type of insurance policy that provides you with financial protection in the event your vehicle (car or two-wheeler) is damaged due to natural or man-made disasters such as earthquakes, floods, lightning, and theft, among others. Car insurance work is Pretty simple.

There are several advantages of car insurance, the most important being the monetary compensation paid if your vehicle is damaged by an accident, fire, thunder, lightning, flood, riot, etc. It also provides coverage in the event your vehicle is stolen.


Types of Motor Insurance

1. Third-party Motor Insurance

This type of insurance for car covers liability resulting from damage suffered by third parties due to your vehicle. In other words, it offers compensation to the third party for injury/death caused by your vehicle. Motor vehicle liability insurance does not cover damage to you or your vehicle. Motor vehicle liability insurance is mandatory for all vehicles driving on Indian roads.

2. Own Damage Motor Insurance

This type of car insurance covers liability resulting from damage suffered by third parties due to your vehicle. In other words, it offers compensation to the third party for injury/death caused by your vehicle. Motor vehicle liability insurance does not cover damage to you or your vehicle, and motor vehicle liability insurance is mandatory for all vehicles driving on Indian roads.

3. Comprehensive Motor Insurance

A comprehensive motor insurance plan includes third-party insurance and own damage policy advantages. Giving 360-degree protection to your vehicle, it offers coverage against a bunch of perils like fire, theft, vandalism, riots, flood, lightning, tornado, etc. For end-to-end protection, buying a comprehensive Car or Bike insurance Online plan is sensible.

Reasons why Motor Insurance is important

1. Offers a financial cushion in the event of a mishap

Motor insurance offers you a financial cushion in case your vehicle is damaged due to an accident, earthquake, lightning, flood, etc. Note that getting your vehicle in shape post these events can cost a lot of money. However, things are different with a motor insurance plan. Also, vehicle insurance reimburses expenses incurred if you suffer bodily injuries from an accident. In other words, it compensates for hospitalization expenses due to an accident involving your vehicle.


2. Takes care of third-party liability

One more reason why insurance for car is important. It takes care of third-party liability arising from damages suffered by a 3rd party involving your vehicle.

To put it otherwise, your insurance company pays for the treatment incurred by a third party, so it protects you from legal litigation.


3. Mandatory by law

Any vehicle on Indian roads needs motor insurance, especially third-party liability cover. Not having insurance coverage will lead to a severe penalty. On the other hand, having car insurance online offers you peace of mind as you know you have a backup just in case your vehicle sustains damages of any kind.

4. Coverage in case of death

Death is probably the worst doable outcome after AN accident. Just in case you're the only wage earner of your family, your untimely ending will throw your family into financial insecurity. However, a motor contract pay can help your family keep financially freelance and look out for its regular expenses. So go and get your two-wheeler insurance online with Sarkari Suvidha.


What Do You Need For Car Insurance

To start a new car insurance policy, you'll need to provide the following:



For a hassle-free experience, apply for motor insurance with Sarkari Suvidha.

It is one of the leading firms for general insurance, especially for two-wheeler insurance or car insurance online.


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