Personal insurance
Motor Insurance
Cover for your car or two-wheeler that meets legal requirements and protects you from repair and liability costs.
Who is it for?
Is motor cover right for you?
- Private car and two-wheeler owners
- Owners of new vehicles choosing their first policy
- Anyone whose motor policy is due for renewal
- Families with multiple vehicles who want one point of contact
What does it help protect?
The risk, in plain English
Third-party liability cover is mandatory for vehicles used on public roads in India. It covers your legal liability for injury to others or damage to their property.
A comprehensive policy adds own-damage cover for your vehicle against accidents, theft, fire and natural calamities, subject to the policy terms.
Key cover areas
What a policy typically includes
Cover differs between insurers and plans. These are the areas we walk you through — the policy wording always decides.
Third-party liability
Legal liability for death or injury to third parties and damage to their property.
Own damage
Repair or replacement costs for your vehicle after an insured event, subject to deductibles.
Personal accident for owner-driver
Compulsory personal accident cover for the owner-driver, as applicable.
Add-on covers
Options such as zero depreciation, engine protection, roadside assistance and consumables, depending on the insurer.
What to check
Read this before comparing premiums
The cheapest policy is rarely the one that serves you best at claim time. These are the terms we always check with you.
- Insured Declared Value (IDV)
- The maximum the insurer pays if the vehicle is stolen or a total loss. Too low saves premium but reduces protection.
- No Claim Bonus (NCB)
- A discount on own-damage premium for claim-free years. Make sure it is carried forward correctly.
- Renewal before expiry
- Driving without valid insurance is illegal, and a long lapse can mean losing NCB or needing an inspection.
- Deductibles
- The part of each own-damage claim you bear yourself.
- Add-on conditions
- Each add-on has its own limits — for example, the number of claims allowed in a year.
How Finmirai helps
Advice before you buy. Support after you do.
As your broker, our job is to understand your need, explain options honestly and stay with you for servicing and claims.
- Listen first: we understand your family, health, assets and budget before discussing any plan.
- Explain options in plain language, including what is not covered.
- Help you compare suitable options and complete the proposal and documentation correctly.
- Remind you ahead of renewals and help with changes during the policy year.
- Guide you through the claims process and the documents the insurer will ask for.
How it works
- 1
Tell us
Share your requirement by form, call or WhatsApp.
- 2
Understand your need
We ask the questions that shape the right cover.
- 3
Compare options
We identify suitable options and explain the differences.
- 4
You choose
You decide, with clarity on cover, exclusions and cost.
- 5
Policy issued
We help with proposal, documentation and issuance.
- 6
Ongoing service
Renewals, changes and claims guidance through the year.
FAQs
Motor Insurance: common questions
Is third-party insurance enough?
It meets the legal requirement but does not pay for damage to your own vehicle. Comprehensive cover is usually worth considering, especially for newer vehicles.
What is IDV and how is it set?
IDV is broadly the current market value of the vehicle, based on the manufacturer's listed price less depreciation for age. It determines the maximum payout for theft or total loss.
Will I lose my No Claim Bonus if I change insurer?
No. NCB belongs to you, not the insurer, and can usually be transferred when you switch insurer or vehicle, provided the policy hasn't lapsed beyond the allowed period.
Is zero depreciation cover worth it?
It can reduce what you pay out of pocket on parts replaced after an accident. Whether it is worth the extra premium depends on the vehicle's age and how you use it.
What should I do right after an accident?
Ensure everyone is safe, note details and photographs, inform the insurer promptly and avoid unauthorised repairs before the insurer's process allows. For third-party injury or theft, a police report is usually required. Contact us and we will guide you.
Get insurance assistance
Talk to us about motor cover
Share a few details and an advisor will contact you. There's no obligation to buy.
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