Two types of car insurance plans are available to choose from:
- Third-party Cover
- Comprehensive Cover or Package Policy or Own Damage Cover
In the context of renewing your car insurance policy with the right plan, you need to keep a few things in mind.
Firstly, the third-party cover is mandatory for all types of vehicle plying on the Indian road today as per the Motor Vehicles Act. It means you will have to have a third-party policy in order to become legally eligible for driving your vehicle on the road.
Secondly, the comprehensive cover is not mandatory. Yes, it is an optional cover and it's totally on the insurance buyer's decision whether they would like to renew their car insurance policy with a comprehensive plan. To know more visit us.