Markets
NIFTY 5022,917.05 ▼ -0.99% SENSEX74,023.09 ▼ -0.94% NIFTY BANK55,561.80 ▼ -0.51% NIFTY IT31,499.05 ▼ -1.33% INDIA VIX14.73 ▲ 5.01% USD/INR94.85 ▼ -0.10%
as on 19 Oct, 12:58 pm
AMFI Registered Mutual Fund Distributor|ARN-171787 |APMI Registered PMS Provider|APRN08068 |GST: 24AAYFP1834B1Z9

Motor Insurance

Mandatory third-party and optional own-damage cover for vehicles.

Insurance

Third-party cover required by law, and optional own-damage cover for the vehicle itself.

Third-party motor insurance is compulsory under the Motor Vehicles Act — driving without it is an offence. It covers your liability to other people and their property, not damage to your own vehicle. A comprehensive policy adds own-damage cover for the vehicle, and is what most owners actually want.

We place motor cover for private cars, two-wheelers and commercial vehicles, handle renewals before they lapse, and support the claim through survey and settlement. A lapsed policy usually means a fresh inspection and the loss of accumulated no-claim bonus, so the renewal date matters.

Motor Insurance

Key features

  • Third-party liability cover as mandated by law
  • Comprehensive cover including own damage, theft and fire
  • Add-ons commonly available — zero depreciation, engine protection, roadside assistance, return to invoice
  • No-claim bonus accumulated across claim-free years and transferable between insurers
  • Cashless repair at network garages where the insurer has a tie-up
  • Renewal reminders from our desk so cover and no-claim bonus are not lost
Risk disclosure. Insurance is a subject matter of solicitation. Benefits, exclusions, waiting periods and claim outcomes are governed solely by the policy wording issued by the insurer. Pyrramid Wealth Distributors distributes this product and does not manufacture it. Nothing here is a recommendation or investment advice.