IndiaInsurance
9th July 2024, 02:20 PM
India mandates third-party insurance (Motor Vehicles Act 1988). IRDAI sets premiums. Types: third-party liability, Own Damage, and Comprehensive insurance with extensive coverage including INR 15 lakh Personal Accident Cover and add-ons. Own Damage covers accidents, disasters, theft. Premiums depend on vehicle age, model, coverage limits, safety gadgets, Insured Declared Value (IDV), and No-Claim Bonus (NCB).
More... (https://economictimes.indiatimes.com/wealth/insure/motor-insurance/types-of-car-insurance-plans-you-should-know-about/articleshow/111600445.cms)
More... (https://economictimes.indiatimes.com/wealth/insure/motor-insurance/types-of-car-insurance-plans-you-should-know-about/articleshow/111600445.cms)