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Is two wheeler motor insurance mandatory?
Asked by unknown
1 Answers
As soon as you purchase a two wheeler, getting two wheeler insurance is a mandatory requirement as per the motor vehicles act 1988 and motor vehicle amendment act 2019. It provides coverage for from any financial loss to the vehicle due to accidental loss or damage, the legal liability towards third-parties in event of bodily injury, death or prope
What are the various types of motor insurance?
Asked by unknown
1 Answers
Motor insurance can be availed in three forms: 1. Private Car Insurance 2. Commercial Vehicle Insurance 3. Two Wheeler Insurance
What are the benefits of motor insurance?
Asked by unknown
1 Answers
Benefits of motor insurance: 1. Covers loss or damage occurred to the insured due to accidents. 2. Covers loss or damage to the vehicle due to accident, theft, self-ignition, fire, explosion, riots, and natural calamities. 3. Covers financial liability occurred due to loss or damage to third party or third party property.