| The
motor vehicle insurance certificate is a legal
requirement as per Motor Vehicle Act 1988
(sec 146 & 147). It gives financial
protection from accidental risk. It is very
much dangerous and illegal to drive a motor
vehicle without insurance. |
Type
of motor vehicle insurance  |
| Third party policy : This
covers the risk or damages caused to the third
person. Personal injuries and personal vehicle
damages will not be covered by this policy.
For two wheeler vehicles we can take this policy
for life time.
For other vehicles this policy has to
be renewed annually. This is the cheapest available
motor vehicle insurance policy. This policy
can be renewed two months in advance of its
expiry. |
| Comprehensive policy : This
is the costly policy. It covers both personal
and third party risk. We have to renew this
policy annually, and it can be renewed two months
in advance anywhere in India. |
| Duplicate
insurance certificate : |
| If
the motor vehicle insurance certificate is lost
or defaced, duplicate copy may be obtained by
making an application to the concerned Insurance
company branch by paying fees of Rs. 50/-.
|
| Transfer
of insurance :
|
| Third
party insurance policy changes automatically
when the registered owner changes. In case of
comprehensive policy an application is to be
made for change of ownership in the policy.
|
| Accident
Claims
: |
| To obtain motor vehicle claims of an accident, one
has to make detailed claim to the concerned
insurance company. One who makes a claim application
has to give following documents:
|
| 1 |
Valid
driving licence. |
| 2 |
Valid
insurance certificate. |
| 3 |
Valid
registration certificate. |
| 4 |
Valid
tax certificate. |
| 5 |
First
information report (FIR). |
| 6 |
Valid
permit for a transport vehicle. |
| 7 |
Valid
fitness certificate for transport vehicles.
|
| 8 |
Claim
estimation report by an authorised surveyor
of the Company. |
Some of the major insurance offering
companies are :
1 Bajaj
Allianz - Bajaj Allianz's Motor Insurance
2 ICICI Lombard - Motor Plans
3 United India Insurance Co.(UIIC),
Chennai - Motor Package & Liability
4 The New India Assurance
Co.(NIA), Mumbai - Motor Policy
5 National
Insurance Company(NIC), Kolkata
6 Oriental Insurance Company(OIC),
New Delhi
|
