Motor Quote
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Motor vehicle insurance covers damages and losses against your vehicle. Coverages are based on the plans and add-on coverages added to the policy. As third-party liability in motor vehicle insurance is mandatory by the IRDAI (Insurance Regulatory and Development Authority of India), it protects from financial devastation at the time of third-party claims.

Plans

On Damage

Covers own vehicle damages, excluding third-party liabilities, ideal for vehicle owners who already have third-party coverage.

Package / Comprehensive

Covers own vehicle damages, third-party liabilities, and optional add-ons for complete protection and peace of mind

Liabality

Covers third-party vehicle damages, property damage, and injury/death liabilities, mandatory by law for all vehicle owners.

Add On Coverages

Nil Depreciation

Waives off depreciation on replaced parts

Engine Protection

Covers engine damage due to specified reasons

Consumables

Covers cost of consumable items like engine oil, brake oil, etc.

Return To Invoice

Ensures insured get vehicle’s original price in case of total loss

Road Side Assistance

Provide emergency assistance services like towing, fuel delivery etc.

Tyre Damage

Covers cost of repairing or replacing damaged tyres

These are the major – add ones offered by Insurance companies. Terms and Conditions may vary in each company.

Documents required while taking insurance


1. RC (Registeration Certificate) issued by RTO (Regional Transport Office)
2. Old insurance policy copy (If it is a renewal insurance)
3. Financer document (If there is any loan on vehicle
4. Address proof (Eg.: Aadhar card)
5. Showroom tax invoice (If the vehicle is new)

Documents required while taking claim

1. Claim form
2. Surveyor report
3. Invoice issued by reparing shop
4. Driving lisence of driver driving at the time of accident 
5.  Driving lisence of the vehicle owner (according to RC) if the vehicle is stolen.

Claim settlements are the most important part as the insured pays the premium in case of unforeseen happenings. Reimbursement and cashless facilities are the 2 ways to settle claims. Documents mentioned above are commonly required by each insurance company. Documentation and other T&C may vary in each insurance company. 

Bima coverage will always guide you while taking new insurance from us or at the time of claim (if purchased through BIma Coverage) .  

FAQ

Yes, but only liability insurance is compulsory under motor vehicle act, 1988.
IDV is Insured Declared Value. The value decided by the insurer for the vehicle. and sometimes surveyors are also involved in it.
NCB ( No claim bonus) is majorly given to the insured at the time of renewal for not taking claim from the insurer. This decreases the premium amount at the time of renewal. This only applied in package and standalone policy. In few cases like transfer of Insured name, the insured might not take the advantage of NCB.
Every insurance company has its own claim procedure. In most of the cases, surveyor is appointed and all the necessary documents related to vehicle, vehicle owner and repairing invoice are submitted to insurance company.
Taking Comprehensive / package insurance is always preferrable as it covers both third party liability insurance and own damage insurance.
Insurance companies / providers have appointed garages where you might not have to pay the amount at the time of claim settlement. While in case of reimbursement, you (insured) have to pay the amount at the time of claim and later on Insurance company transfers the claim amount into insured's account. Each insurance company have their own terms and conditions involved in both the cases
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