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Comprehensive coverage for your vehicle with Motor Insurance

Car Insurance

A comprehensive car insurance policy, also known as motor package insurance, saves you money when your car is damaged in an accident or natural calamity. It also covers your vehicle against theft and burglary. At times, you may end up hurting others or damaging property in an accident. A car insurance policy covers such third party liabilities as well. If you own a car in India, having third party insurance is a must for you. That’s why it’s crucial to buy and renew your policy on time to stay on the right side of the law and be covered against car damages. At an affordable premium, our reliable car insurance policy protects you against all these risks so that you can drive worry-free.

Apart from comprehensive car insurance, third-party only and own-damage only car insurance policies are also available. You can choose the policy type as per your needs.

Why should you buy a comprehensive car insurance policy?

Here are six benefits that are hard to pass up.

  • Third-party car insurance is mandatory

    As per the Motor Vehicles Act of India, it is compulsory for all vehicles running on the road to be insured. As a car owner, you must have third party liability coverage.

  • Saves you from traffic fine

    As per the new Motor Vehicle Act 2019, you can get a traffic fine of ₹2000 for driving without car insurance. If you get caught for a second time, the penalty would be ₹4000.

  • Provides personal accident coverage for owner driver

    Our car insurance policy provides ₹15 lakh coverage for injuries to the registered owner driver while travelling in the car, or getting in or off the car.

  • Gives easy access to cashless garages

    We have a network of 4300+ cashless garages that take care of your car post damage. We pay for the repairs as per the claim and settle the dues directly with the garage.

  • Covers damages to the car

    Our car insurance policy covers any damages to your car due to accidents or natural calamities and takes care of the repair costs.

  • Covers your car against theft

    In case your car is stolen and cannot be recovered, we pay for your loss.

Types of Car Insurance

Comprehensive Car Insurance

A Comprehensive Car Insurance policy is the most extensive car insurance cover under which an insurance company is liable to pay for financial liabilities incurred towards a third party as well as for the own-damages sustained by the insured’s car. In addition to road accidents, the policy is applicable in the event of natural calamities, man-made disasters, self-ignition or lightning, explosion, fire, theft, etc

Third-Party Car Insurance

Third-Party car insurance policy is a mandatory requirement for driving a car in India. It is the most basic car insurance plan and is thus also called Liability Only Car Insurance Policy. Under this cover, the insurance company is liable to pay for the bodily injuries, permanent disability, temporary disability as well as death of the third party caused by an accident involving the insured’s car. This plan also provides coverage for property damage incurred by the third party up to Rs. 7.5 Lakh.

Own Damage Car Insurance

In September 2019, the Insurance Regulatory and Development Authority of India (IRDAI) introduced the standalone Own-Damage car insurance policy. Under this plan, the insured gets insurance coverage only for the own-damages sustained by his/her four-wheeler in a road accident, natural/man-made calamity, fire, explosion, theft or any other mishap. A standalone own-damage car insurance policy aims at offering the insured the flexibility in terms of the insurance provider they want to choose.

Enhance the standard coverage of your car insurance plan with these helpful and economical add-on covers.

What is Zero Depreciation Car Insurance Cover?

A car i​insurance with zero depreciation cover helps protect your car against all physical damages caused to the car without factoring in the element of depreciation. Although a standard motor insurance policy​ covers you against losses arising in case your car is damaged or stolen when you file for a claim settlement, the compensation is received after a standard deduction of depreciation.
On the other hand, a car insurance​ with zero depreciation cover can fetch you the entire compensation amount.  A zero depreciation add-on cover can be availed for brand new vehicles and also can be opted for at the time of policy renewal.

In a zero depreciation​ car insurance​ policy, the entire claim amount is paid by the Car Insurance Company without considering the depreciation on the value of the car. Obviously, you have to pay slightly more in terms of your premium. However, this add-on feature is highly recommended to everyone considering the fact that it eliminates the possibility of any out-of-pocket expense from the owner.

Benefits Of A Zero Depreciation Car Insurance Cover

  • Helps curb out-of-pocket expenses since depreciation cost is not taken into account while filing for a claim settlement
  • Most of your claims regarding the insured parts are settled without taking the depreciation amount into consideration.
  • It adds more value to the basic automobile insurance coverage and makes your investment almost nil
With this cover, you can be assured of a complete peace of mind. Also, with all major insurers offering this cover, you can save yourself a lot of hassle by purchasing a nil-depreciation cover by paying a little extra premium.

What is No Claim Bonus (NCB) in Car Insurance?

You drive safely for a year and make no claims during the policy period. Your policy period is about to end and it is time for insurance renewal. Your insurer acknowledges the fact that you are a safe driver and wants to reward you for not raising a claim. Thus, the insurer offers you a discount while renewing your policy. This reward is termed as a bike and car insurance No Claim Bonus.

Benefits of NCB in Car Insurance:

Here are the major benefits associated with NCB.

1) Discount:

NCB will help you to fetch a discount on policy renewal. This means you will have to pay less premium compared to what you would have paid if you had raised a claim during the policy period.

2) High Savings:

NCB is incremental if you follow the rules. Therefore, you can get a sizeable discount on policy renewal for years if you do not raise a claim consecutively for five years and renew your policy in time.

3) Transferable:

NCB is associated with the car owner and not the car. Therefore, you can carry forward the NCB if you plan to sell your old (insured) car and buy a new one. NCB also stays with you if you choose to port your policy from one insurer to another

What Is Engine Protection Cover?

An engine protection cover is an add-on in car insurance that provides financial coverage against any damage that occurs to the engine of an insured car. This add-on will take care of the repair cost of the engine and its part. You should know that your comprehensive car insurance will provide you coverage against any damage incurred to your car’s engine or its parts like piston, gearbox, crankshaft, cylinder, pins, etc. Damage to the engine of your insured car can happen because of water ingression, damage to the gearbox, leakage of lubricating oil, hydrostatic lock, etc. The engine is the most expensive part of the car; its repairing cost can be high. 
Also, monsoon season is on the doorsteps, if water enters the engine, it might cause you trouble. This is the must-have add-on if you live in an area that is more prone to floods. Repairing of the engine and its part can put a major dent on your savings, so it is best that you get covered with an engine protection cover.


How Does Engine Protection Cover in Car Insurance Works?

For instance, you are the owner of a hatchback. Generally, the replacement and repairing cost of its engine parts like piston and pins, crankshaft, cylinder, etc in India can boost up to Rs 1,00,000/- to Rs 1,20,000/-. The metal and plastic parts of the engine will cost an additional amount of Rs 20,000 or more. If you haven’t opted for engine protection add-on, you need to pay all of this amount from your own pocket. However, if you buy car insurance​ with engine protection cover, you don’t need to worry about the expenses incurred in repairing and replacement of the engine or its part. You can have peace of mind as your car’s heart will be financially protected with the engine protection add-on.

Benefits of RTI (Invoice Protection) Add-on Cover:

The Return to Invoice Protection Add-on can be beneficial in various ways. It can prove to be a great financial help in the time of need and one does not have to endanger their savings for buying a car. Here is a list of advantages of RTI in a car insurance policy:

1. Increases The Scope of Coverage:

Return to Invoice is an Add-on, that means it is an additional coverage that you will buy with your car insurance policy. Add-ons increase the scope of coverage and make it customized. Since it is not free coverage, not everyone chooses to buy this cover.

2. Is Available For New Cars

Some people take extra care of their new car as compared to an old one. Thus, it is also true that it is more emotionally draining if a new car gets into an accident of any sort and damage is caused. However, if one has purchased the RTI add-on while buying car insurance, he/she can be worry-free in case of major damages. 

3. Beneficial In Case of Theft

Car theft is common in India. Someone with a malicious intention can steal your car. All the money that you spent on buying a brand-new car will go in vain without the RTI coverage.

4. Beneficial In Case of Total Loss

Total loss is a situation where a car is so damaged that repairing it would cost more than its resale value. Thus, it would be better to salvage the car and keep what little amount you receive. RTI can prove to be a boon in such a situation. It will help you get the entire value of the car without worrying about damage, repairs, or salvage.

5. Available With Own Damage

A car insurance policy can be of two types. First is the basic Third-party Liability coverage and the second is a Comprehensive policy that offers multiple coverages. The Return to Invoice Add-on is available with a Comprehensive car insurance policy i.e. Own Damage cover. Thus, you can increase the benefit offered by a Comprehensive policy with the help of RTI.

The roadside assistance add-on cover provides you with on-road assistance services if your car breaks down anywhere. To avail this benefit, you just have to call your insurer and it will arrange a mechanic for your location to help you out. This add-on cover offers several assistance services such as minor on-site repair, changing a flat tyre, car towing, fuel delivery, battery jumpstart, and so on.

The car insurance coverage feature under roadside protection facility may differ from one insurance company to other. There are a few features that are found common in all plans; these are: 

  1. Battery Breakdown –

    This is the most common problem faced by almost all cars. Your car might seem to be perfectly alright at a point and suddenly suffer the battery breakdown. This can happen due to various reasons like extreme climate, loss of water, lack of maintenance, etc. The road protection facility under car insurance includes aid on battery breakdown and wherever the jumpstart is required.  

  2. Flat Tyre –

    Every car owner has at some point or other suffered a flat tyre situation. If you drive off-road or on scattered debris areas, flat tyre problem is a common situation. No matter how many spare tyres you carry, you might need help at some point. This cover feature is added to your car insurance policy. 

  3. Towing –

    Car breakdown doesn’t see the place or time, and moreover, it happens at the most unexpected time. Pushing your car manually to the garage from an isolated area in the middle of the night can be worse than a nightmare. Hence the roadside assistance sends aid to tow your vehicle to the nearest garage available.  

  4. Empty Fuel Tank –

    In case you face empty fuel tank issue in the middle of the journey, do not worry. The roadside assistance car insurance policy assures to provide you with fuel supply, and you don’t have to worry about finding a gas station in an unknown area. 

  5. Spare Keys –

    It may sound silly but forgetting the key in the car while getting out of it is a common mistake. The insurance company offers to deliver spare keys in case you lock your keys inside the car.

  6. Alternate Transport –

    Imagine your car breaks down in the middle of the journey and would take considerable time to repair your vehicle. In this case, you will get help as an alternate vehicle to help you reach your destination.

  7. Accommodation –

    As mentioned in the earlier point, in case of a car breakdown in the middle of a journey that would require say overnight to fix the issue, you might need to look for accommodation options. Roadside assistance car insurance policy takes the cover of accommodation facility in such a situation.       

  8. Minor Repairs –

    Not only major car breakdowns but the roadside assistance car insurance helps you with minor breakdowns as well. 

When a car gets repaired, several consumable items are used like lubricants, coolant, nuts and bolts, grease, engine oil, screw, oil filter, etc. Generally, the expenses of consumable items are not covered by a car insurance policy and the policyholder has to bear this cost. But the consumable add-on cover reimburses the cost of consumables items incurred during the repair of an insured car.

Here’s an Example:

Imagine, you are on your way to the office. Unfortunately, your car meets with an accident. Your car now needs repairs worth Rs. 14,000. Of this, the ‘Own Damage’ component of the Comprehensive policy takes care of the repairs worth Rs. 12,000. Here, you need to pay the remaining Rs. 2000. This is the cost of repairing/refilling consumables like engine oil, nuts and bolts. But, with a Consumable Cover Add-on, you do not have to pay even Rs. 2,000 for the consumables from your pocket.

Your insurer would pay for the entire bill of Rs. 14,000 (Note that cost associated with Deductibles and Depreciation on car parts have not been considered in this example for the sake of simplicity). A Consumable Cover, thus, enhances your Comprehensive policy’s coverage.

Different types of accessories are fitted in the cars to enhance their protection and beauty. These include stereo systems, reverse cameras, etc. These luxurious accessories are electrical and non-electrical. Since they are costly, it makes them theft-prone and can also bring a huge loss in case of accidents. Here, accessories add-on cover comes in to shield your car’s accessories by offering you additional coverage to reimburse them.

What are the Types of Accessories in Car Insurance?

Accessories are broadly classified as electrical and non-electrical. But, your comprehensive car insurance policy does not cover all the accessories.

Under the electrical fittings, we cover car accessories like spoilers with brake light, music system, fog lights, and air conditioners (If not a standard fitment). Non-electrical fittings such as non-electrical spoiler, seat covers, alloy wheels, interior fittings, etc. are covered on the value of such accessories under the own-damage tariff.

If you plan of fitting a CNG/LPG kit to your car, you need to ensure the kit separately simply because, your base insurance policy would not cover any damage done to the kit during a mishap.

Considering the unforeseen situations like an accident or a mishap, add on covers in motor insurance like accessories cover becomes beneficial to cover the least expected damages following any type of mishap. You can certainly save some of your money and energy from the trouble of re-investing for the new accessories at a huge cost. Though covering your car accessories may increase your premium to a certain extent, but would certainly fetch you peace of mind.

What is Passenger Cover in Car Insurance?

Passenger cover in car insurance is financial coverage for passengers riding in the insured car. While it is mandatory to include the Personal Accident cover for the owner-driver of the insured car, covering passengers is not compulsory. But that should not stop you from covering passengers who could be your family members or even if they are customers if you are driving a transport/commercial car. Through this add-on, you can insure up to three passengers, in case of a 3-passenger seater car, apart from the Personal Accident cover for the owner-driver. This makes the policy robust and offers wide coverage. In case of an unfortunate accident, you as the owner of the car is liable for the injuries sustained by the passengers. This add-on covers the liabilities towards passengers as the owner of the car.

How Does This Add-on Cover Work?

The standard comprehensive car insurance policy offers financial protection to the insured vehicle and the owner-driver in case of accidents. So, if you are the owner-driver of the insured vehicle, then in case of death or permanent disability, the insurance company will pay the stipulated insured amount to the nominee of the insurance policy. However, regular car insurance does not cover passengers during such incidents. The passengers will have to pay from their pocket to pay for treatment of injuries.

As the owner of the insured vehicle, you have a responsibility towards passengers riding along with you. Having the option to cover the liabilities arising out of injuries or death of passengers will give the complete freedom to take care of the treatment of injuries to passengers. This way you get to cover the car and all riding inside the car are well covered financially. Passenger Cover certainly adds some value to your standard car insurance policy.

In case you lost or misplaced your car’s key, you need to get a duplicate key by approaching the service center of your car, which can be a time-consuming and expensive procedure. To reduce the hassle, you can opt for the lost key cover. It is an add-on cover that will reimburse the expense to repair or replace your car key, in case you lose, damage, or misplace them.

A personal accident cover or PA cover is a benefit provided by insurance companies to an owner-driver of an insured car to help them stay protected against any type of accidental injuries. This cover gives compensation to the owner-drivers to cover their bodily injuries, permanent disability or death incurred due to a car accident. An owner-driver is the owner of the car, who owns a valid and active driving license.

A tyre protection cover is an add-on cover designed to provide coverage for the repair as well as replacement expense of tyres of the insured car. This benefit also covers accidental loss or damage, bursting of tyre or cut sustained by the tyre and tubes in addition to labour charges incurred during the repair or replacement of tyres which comprise refitting, rebalancing or removing the wheel.

What is covered by Comprehensive Car Insurance Policy?

Here’s what’s included in private car package policy:

What’s included:

  • Coverage for natural disasters like earthquakes, floods, fires and storms
  • Cashless repairs in 4300+ network garages✝︎
  • Coverage for theft, accidents and terrorist activities
  • No claim bonus^ up to 50%
  • ₹15 lakh Personal Accident Cover
  • 9 add ons to choose from
  • Third-party legal liabilities cover
  • Instant claim settlement Online

What’s not:

  • Car wear & tear and ageing
  • Damages while driving under the influence of drugs or liquor
  • Any consequential loss
  • Mechanical or electrical breakdown
  • Damages while driving without a valid license
  • Loss/damage due to war, mutiny or nuclear risk

Shripal Financial

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What factors impact Insured’s Declared Value (IDV)?

IDV plays a key role in determining your car insurance price

In a car insurance policy, the Insured’s Declared Value (IDV) is the fixed value at which we insure your vehicle. We calculate the policy sum insured based on the manufacturer’s listed selling price of the vehicle + the listed cost of any accessories. We derive the amount after deducting the depreciation for every year as per the Indian Motor Tariff.

Suppose you have installed any electronic item in the car, which is not included in the manufacturer’s listed selling price. In that case, we add the actual value (after depreciation) of the item to the policy sum insured over and above the IDV.

Frequently Asked Question

Car Insurance/Four Wheeler Insurance is an agreement between an insurance company and a car owner under which the former provides an insurance cover to the policyholder for financial damages incurred by his/her car in unforeseen events. Depending on the coverage, there are three types of car insurance plans – third party car insurance policy, standalone own-damage car insurance and comprehensive car insurance policy.

There are a number of benefits of owning four wheeler insurance. Firstly, it helps you meet the legal requirement of owning at least a third party car insurance cover. Moreover, a car insurance policy helps you meet financial liabilities that may arise towards a third party or own-damages to your car due to a road accident or any other unfortunate event.

On the basis of coverage, there are three types of car insurance in India – third party car insurance policy, standalone own damage car insurance policy, and comprehensive car insurance policy. While a third party (also known as liability only policy) provides coverage for third party liabilities only, a comprehensive car insurance policy provides coverage for own damages in addition to third party liabilities. A standalone own-damage cover provides coverage only for own-damages incurred by the insured’s car..

The premium rates for third-party car insurance depend on the engine capacity of the car and is fixed by the IRDAI. However, the premium for standalone own-damage and comprehensive car insurance policies varies from car to car depending on a number of factors such as car’s MMV (Make, Model and Variant), RTO location, engine capacity, registration city, fuel type,

Every car insurance comes with a validity period, post which you need to renew it to continue to enjoy its benefits. However, even if you miss to get your car insurance plan renewed by the expiry date, you can still get it renewed till the next 90 days from the date of expiry. After the expiry of this 90-day period, car insurance cannot be renewed. In such a case, you need to purchase a new car insurance policy.

As per the Indian Motor Tariff, every car owner in the country is compulsorily required to own at least a third party car insurance cover. Absence of a valid third party car insurance plan is a punishable offence which attracts a fine of Rs. 2,000 and/or imprisonment of up to 3 months for the first offence.

The premium of third party car insurance plans is determined by the IRDAI, whereas the premium for standalone own-damage and comprehensive plans vary from insurance company to insurance company. Following are some factors which affect the premium for own-damage four wheeler insurance cover:

  • Insured Declared Value – The Insured Declared Value (IDV) is the current market value of the four wheeler. It is one of the important factors which affect the calculation of the premium as IDV is the amount which insurance companies pay the policyholder in the event of total loss of car. Higher IDV attracts a higher premium.
  • Engine Cubic Capacity – The premium of a car insurance plan is also a function of the car’s engine cubic capacity. Greater the car’s cubic capacity, higher is the premium.
  • Age of the Car – With time the value of the four wheeler reduces due to depreciation. The normal wear and tear reduce the value of the car in the market due to which its insurance premium also reduces. Thus, greater the age, lower the premium.
  • Make, Model and Variant – The make, model and variant of the car affects the IDV of the car which eventually affects the car insurance premium. For different make, model and variants of the car, the different premium is applicable.
  • RTO Location – Another important factor is the RTO location of the car. It gives the insurance company an idea about the density of traffic in the area/city where the car will be driven and thus the probability of road accidents and other mishaps.

Yes, the four wheeler insurance can be transferred from the old owner to the new owner in case the sale of a second-hand car. As per the Indian Motor Tariff, the policy transfer should be completed within 14 days from the car’s purchase date.

No, one car owner can not have two insurance policies for the same four-wheeler. However, a third-party insurance plan and own damage cover can be purchased separately for a four-wheeler, in place of a comprehensive four wheeler insurance.

A car insurance claim can be made online by following the below-mentioned steps:


Step 1: Register the claim by visiting the website or mobile app


Step 2: After claim registration, the car’s owner gets a claim registration number


Step 3: After claim registration, the four wheeler insurance company sends a surveyor the place of accident/mishap to assess the extent of damage. The policyholder needs to submit the required documents at this stage to the surveyor to proceed with the claim.


Step 4: The damaged four wheeler is then sent to a garage for repairs. Depending on the type of garage, the payment for the claim will be made.


Step 5: If a network garage is chosen, the bill is directly settled by the four wheeler insurance company with the garage. In case, the garage is not a part of the insurance company’s cashless garages network, the policyholder needs to settle the bill which is later reimbursed by the insurance company.

Reviews and ratings

My conversation with your insurance advisor regarding the purchase of my car insurance plan turned out to be quite nice. He simplified the ins and outs of the policy, principally the advantages such as personal accident cover of Rs. 2 lakh. Thanks for the lucid explanation!

Amol Patil

CEO, Invision Inc.

Received timely assistance from your customer service department when I was looking for guidance with regard to buying car insurance. The agent had good communication skills, and explained all the important details about the policy such as the inclusions and exclusions of coverage.

Shefali Shah

Lead Developer, Automattic LLP

I’d been on the hunt for a new car insurance company, and so decided to get in touch with your team. Your executive answered my queries regarding the renewal process. Her good technical knowledge of the policy prompted me to renew my car insurance with Shripal Financial

Sharad Nandode

Professional - Fintech

Thanks to your customer support associate, I was able to get the best insured declared value (IDV) and maximum number of add-ons, including a free Carnot device which keeps track of my car’s health. He also explained the features of your car insurance plan in detail and later, helped me to complete the payment online.

Harihar Shah

Director - Harihar Constructions