Your car gets you there. Insurance helps protect the journey.
Motor insurance can sound complicated when you first hear words like third-party, own damage, IDV, NCB and add-ons. Let's make it simple. This beginner's guide explains the basics of motor insurance, what different policies cover, how claims work and what to look for before buying or renewing a policy.
Motor insurance isn't just about repairing a car.
It's about financial protection when something unexpected happens on the road — from accidents and damage to certain other risks covered by your policy.
Start with the basics.
If you're new to motor insurance, these are the terms worth knowing first.
Motor Insurance
A motor insurance policy provides financial protection against specified risks involving your insured vehicle, subject to the terms, conditions and exclusions of the policy.
Third-Party Cover
This protects you against certain legal liabilities arising from third-party injury, death or property damage, subject to the applicable policy terms.
Own Damage Cover
Own damage cover can protect your insured vehicle against covered losses such as accidental damage and other specified risks, depending on the policy.
Comprehensive Insurance
A comprehensive policy generally combines third-party liability protection with own-damage protection, subject to policy terms and exclusions.
Premium
The premium is the amount you pay for your motor insurance coverage. It can depend on factors such as the vehicle, coverage selected, location, claims history and applicable pricing.
IDV
IDV, or Insured Declared Value, represents the insured value of the vehicle for certain claim situations, subject to the policy terms.
Which type of motor insurance?
Understanding the difference is one of the most important steps before buying a policy.
Third-Party Insurance
Third-party motor insurance primarily covers specified liability towards third parties. It does not generally provide own-damage protection for your vehicle.
Comprehensive Insurance
Comprehensive insurance generally includes third-party liability cover along with own-damage protection for the insured vehicle, subject to the policy's terms and exclusions.
Motor insurance in four simple steps.
Select the type of cover and policy features that suit your requirements.
Pay the applicable premium and receive your policy.
If a covered event occurs, follow the insurer's claim process and provide the required information.
The insurer assesses the claim according to the policy terms before determining the applicable settlement.
Your car has a value. Insurance has IDV.
IDV stands for Insured Declared Value. It is an important concept in motor insurance because it represents the insured value of the vehicle for certain claim situations. As a vehicle gets older, its IDV generally changes because of depreciation and the applicable policy terms.
Then come the add-ons.
Add-ons can extend your protection beyond the standard policy coverage. The right ones depend on your vehicle and circumstances.
Zero Depreciation
Can reduce the impact of depreciation on certain claim settlements, subject to applicable terms and conditions.
Engine Protection
Provides specified protection for certain engine-related losses that may not be covered under the standard policy, subject to its terms.
Roadside Assistance
Can provide assistance for specified breakdown or roadside situations covered by the add-on.
What's confusing you?
Tap a topic to get the beginner version.
Premium
Premium is the amount you pay for your motor insurance coverage. The amount can vary depending on several factors including the vehicle and coverage selected.
Motor Insurance — FAQs
The right insurance isn't always the cheapest policy.
It's the protection that makes sense for your vehicle, your circumstances and your budget.
Talk to Us on WhatsAppYour car gets you there. Insurance helps protect the journey.
Motor insurance can sound complicated when you first hear words like third-party, own damage, IDV, NCB and add-ons. Let's make it simple. This beginner's guide explains the basics of motor insurance, what different policies cover, how claims work and what to look for before buying or renewing a policy.
Motor insurance isn't just about repairing a car.
It's about financial protection when something unexpected happens on the road — from accidents and damage to certain other risks covered by your policy.
Start with the basics.
If you're new to motor insurance, these are the terms worth knowing first.
Motor Insurance
A motor insurance policy provides financial protection against specified risks involving your insured vehicle, subject to the terms, conditions and exclusions of the policy.
Third-Party Cover
This protects you against certain legal liabilities arising from third-party injury, death or property damage, subject to the applicable policy terms.
Own Damage Cover
Own damage cover can protect your insured vehicle against covered losses such as accidental damage and other specified risks, depending on the policy.
Comprehensive Insurance
A comprehensive policy generally combines third-party liability protection with own-damage protection, subject to policy terms and exclusions.
Premium
The premium is the amount you pay for your motor insurance coverage. It can depend on factors such as the vehicle, coverage selected, location, claims history and applicable pricing.
IDV
IDV, or Insured Declared Value, represents the insured value of the vehicle for certain claim situations, subject to the policy terms.
Which type of motor insurance?
Understanding the difference is one of the most important steps before buying a policy.
Third-Party Insurance
Third-party motor insurance primarily covers specified liability towards third parties. It does not generally provide own-damage protection for your vehicle.
Comprehensive Insurance
Comprehensive insurance generally includes third-party liability cover along with own-damage protection for the insured vehicle, subject to the policy's terms and exclusions.
Motor insurance in four simple steps.
Select the type of cover and policy features that suit your requirements.
Pay the applicable premium and receive your policy.
If a covered event occurs, follow the insurer's claim process and provide the required information.
The insurer assesses the claim according to the policy terms before determining the applicable settlement.
Your car has a value. Insurance has IDV.
IDV stands for Insured Declared Value. It is an important concept in motor insurance because it represents the insured value of the vehicle for certain claim situations. As a vehicle gets older, its IDV generally changes because of depreciation and the applicable policy terms.
Then come the add-ons.
Add-ons can extend your protection beyond the standard policy coverage. The right ones depend on your vehicle and circumstances.
Zero Depreciation
Can reduce the impact of depreciation on certain claim settlements, subject to applicable terms and conditions.
Engine Protection
Provides specified protection for certain engine-related losses that may not be covered under the standard policy, subject to its terms.
Roadside Assistance
Can provide assistance for specified breakdown or roadside situations covered by the add-on.
What's confusing you?
Tap a topic to get the beginner version.
Premium
Premium is the amount you pay for your motor insurance coverage. The amount can vary depending on several factors including the vehicle and coverage selected.
Motor Insurance — FAQs
The right insurance isn't always the cheapest policy.
It's the protection that makes sense for your vehicle, your circumstances and your budget.
Talk to Us on WhatsApp