Motor Insurance |
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Types of Motor Insurance |
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Two Wheeler Insurance |
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It provides a kind of personal accidental cover for owners, while driving the
vehicle. It generally provides protection from any loss or damage to the vehicle
arising out of natural calamity like fire, protection against third party
injury, burglary etc. The amount insured depends on the current showroom price
multiplied by the depreciation rate fixed by the Tariff Advisory Committee at
the time of commencement of policy period. |
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Car Insurance |
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Insuring car is mandatory for everyone buying a new car. Major car manufacturers
are tying up with leading insurance companies to provide hassle free and quick
insurance. Car insurance includes loss or damage by accident, third party
insurance, insurance against burglary etc. The amount of premium will depend on
the make and value of the car, state where the car is registered, year of
manufacture etc. |
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Commercial Vehicle Insurance |
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It covers all vehicles not used for personal purpose. Trucks and HMVs are
covered under this insurance. The insurance protects against damage caused due
to accident, third party injury, protection against natural calamity, burglary
etc. The premium amount depends on a number of factors like showroom price of
the vehicle at the commencement of the insurance period, make of the vehicle,
place of registration of the vehicle etc. |
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