Motor Insurance can cover losses due to traffic accidents or theft to owner of a vehicle, who is the policy holder. We, at SGinscon, offer you the easiest way to Compare and buy Motor Insurance Quotes offered by leading Insurance companies in India and help you to save your time and money by giving you the choice of best motor insurance products to compare and buy online.
A motor vehicle in a public place is potentially a dangerous and lethal instrument. Even when it is without its engine or without petrol, if it is moved down on an incline even un intentionally it can cause considerable damage and human injury. Hence, unlike other properties which may be insured or not at the option of the owner, a motor vehicle is required by law to be insured in respect of the user's liability for death, bodily injury or damage to property of third party. As sometimes the driver of the vehicle is often a person of small means and injured person goes without adequate compensation, insurance of motor vehicle covering the third party risk is made compulsory in India and the Motor Vehicles Act provides that, vehicle should not be used in public place without having insurance policy covering third party risks. Third party risk means risk covered for bodily injury, death and damage of property of third party. Third party means any person except owner or passenger in the private vehicle. So pillion rider of the motor cycle, passengers in private cars, jeeps etc. are not third party. However, passengers in public vehicle such as bus. contract carriage vehicle, taxi etc. are also third party and hence covered by third party or statutory policy.
The occupants of private vehicles and pillion riders are not covered by the Act policy. However, they can be covered by paying additional premium of insurance. If additional premium is not paid to cover the risk of occupants of private vehicle and pillion rider, insurance company will not be liable to compensate such victims. However, Hon'ble Supreme court held that if the policy is package/comprehensive policy, then the occupants of private vehicles and pillion rider are covered, even if the additional premium of coverage of such person is not paid.
Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.
Good service provided to me, employees of this company are also very good to explain the policy details and clarified all my doubts with patient over the phone. Helped me to choose the best health insurance policy for my parents. Good follow up for my renewal and claims settlement is cool.
I took health insurance for my mother from this company and am very happy with the services provided. Good customer support in cashless treatment
Services are excellent, these people have come personally to the hospital and settled hospital claim. Am happy Thank you Insurance Saathi.
Flat # G1, Naga Sai Nivas, Prime Hospital Lane,
Hyderabad - 500038
Available 8:00am - 9:00pm