Essential protection for vehicle owners against financial risks associated with accidents, theft, and damage. In India, motor insurance is a mandatory requirement for all vehicle owners.
The most basic form of motor insurance required by law. Covers damages caused to third-party property or injury to a third party due to an accident involving the insured vehicle. Does not provide coverage for damages to the insured vehicle itself.
Provides extensive coverage beyond third-party liability. Includes protection for damages or loss of the insured vehicle due to accidents, theft, fire, vandalism, or natural disasters. Offers complete protection for a wider range of risks.
Insurance premium rates are determined based on the vehicle's registration location. Vehicles in Zone A typically incur higher premiums due to higher traffic density, accident risk, and repair costs.
| Vehicle Type | Zone A | Zone B | Zone C |
|---|---|---|---|
| Private Cars / Motorized Two Wheelers | Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi, Pune | Rest of India | N/A |
| Commercial Vehicles (Specific Categories) | Chennai, Delhi/New Delhi, Kolkata, Mumbai | All Other State Capitals | Rest of India |
The market value of your vehicle at the time the policy is issued. Serves as the "Sum Insured" and determines coverage amount in case of accident or loss.
Minimum age of 18 years, Indian citizenship, valid vehicle ownership with Registration Certificate, and corporate entities can also purchase policies.
Motor insurance is mandatory in India for all vehicle owners, ensuring financial protection from liabilities arising from accidents and damages.
Motor insurance is a crucial safeguard for vehicle owners, offering protection from financial losses due to accidents, theft, and other unforeseen circumstances. Understanding the different types of policies, the geographic zones that impact premiums, and the importance of IDV can help vehicle owners make informed decisions when purchasing motor insurance.
GG Insurance
Reliable protection for what matters most. We're here to help you find the right coverage for your needs.
PLOT NO.419 NEW NO.93 3RD STREET RAM NAGAR, Puzhudhivakkam, Chennai, Chengalpattu, Tamil Nadu- 600091
connect2ggindia@gmail.com
+91 9884917018