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Motor Insurance !
Motor/Auto Insurance in India
Motor/Auto Insurance entitles the motor owner to receive compensation for loss incurred in connection with a specific vehicle from the insurance company.

The coverage includes loss due to damage or theft of the vehicle, legal responsibility that arises if the vehicle causes bodily harm or damage to others and medical expenses incurred for treating injuries and rehabilitation caused by an accident that involves the vehicle.

It is mandatory to insure your vehicle and renew the policy each year. Motor/Auto Insurance comes under the purview of the Tariff Advisory Committee which standardizes the premium amount.
How does Motor/Auto Insurance work?
You would be buying Motor/Auto Insurance at the time of purchasing a vehicle. On your part, you would be required to pay the annual premium (is it always annual). In return, the insurer would pay you for any loss incurred by you in connection with the vehicle as provided by the policy.

The process to claim settlement is much simpler and faster now. If the vehicle is involved in an accident, you need to report it to the insurance company within 24 hours. You would then need to fill in a claims form. The settlement amount would be decided after the vehicle surveyor assesses the damage caused and submits the report.
Motor/Auto Insurance through Axis Insurance
Though there is not much difference in the premium amount of various insurance companies, the services on offer vary, like cashless claims and shortest claim settlement time. Cashless claims are hassle-free where the insurance company settles the bill directly with the car service center. It is also useful to know which company has the record of making settlements the fastest. Axis Insurance is your one-stop-shop to understand the policies and the attached riders, and make the wise choice.