Car insurance policies can literally serve you more than you can ever think. The importance of car insurance in India is directly linked to the law imposed by the Government of India. As per the Motor Vehicles Act, 1988, it’s mandatory for all motorists to possess at least the third motor insurance. Having car insurance in India is important as it covers all the costs incurred from such events of vehicle damage or injuries done to other drivers, pedestrians, or passengers involving your vehicle. Online car insurance policies also play a vital role by providing coverage against various loss or damage to your vehicle resulting from Theft, Accident, Fire or Explosion, Lightening, Self Ignition, Strikes, Riots, Disaster, Act of Terrorism, Transit by Rail, Road, Air and so on depending on the type online car insurance plan you choose. To enjoy the benefits of auto insurance coverage in India one needs to pay for the premium on their car insurance policy.
Car insurance policies can literally serve you more than you can ever think.
The importance of car insurance in India is directly linked to the law imposed by the Government of India.
As per the Motor Vehicles Act, 1988, it’s mandatory for all motorists to possess at least the third motor insurance.
Having car insurance in India is important as it covers all the costs incurred from such events of vehicle damage or injuries done to other drivers, pedestrians, or passengers involving your vehicle.
Online car insurance policies also play a vital role by providing coverage against various loss or damage to your vehicle resulting from Theft, Accident, Fire or Explosion, Lightening, Self Ignition, Strikes, Riots, Disaster, Act of Terrorism, Transit by Rail, Road, Air and so on depending on the type online car insurance plan you choose.
To enjoy the benefits of auto insurance coverage in India one needs to pay for the premium on their car insurance policy.
The popularity of the taxi business has been growing consistently over the years.
More and more people have ventured into the sector, and this has increased the riskiness of industry.
As a result, local governments have come up with a list of essential documents which every taxi service providers must have as they operate.
Other than the legal driving license, the law requires all private and public taxi drivers to have a taxi insurance coverageBy definition, taxi insurance is an exclusive coverage which offers financial protection against the risks which a regular taxi driver faces.
Here are other essential things that you should know about the taxi insurance cover.Application requirementsHere are the requirements of the general application, although they might differ slightly from one location to the other.You should be a full-time taxi driverYou should have a valid driving license.You should meet the minimum age requirements- usually 21 yearsYour taxi vehicles should be in an excellent positionYou should not have any criminal recordTypes of taxi insuranceThere are many types of taxi insurance, but they all fall into three broad categories:Comprehensive level- the comprehensive taxi insurance covers all accidental dangers and losses that yoyo might cause to a third party.
The insurance provides timely compensation to personal injuries, loss of property or any damages that you cause to your clients or other third parties.Third-party, theft and fire- as the name implies, this Taxi Insurance coverage protects your vehicle and your property against any accidental occurrence of theft or fire.
Buy/renew motor insurance online from Magma HDI best motor insurance company in India.
Our Motor insurance provides you with financial coverage in case of accidents or any other damages.