Auto insurance
Autorickshaw insurance is a type of Commercial vehicle insurance policy designed to protect three wheelers in India. This type of insurance policy is designed to secure the three-wheeler vehicle against a multitude of damages and losses that the driver or the owner may face. These losses could arise from third-party liabilities, accidents, fires, natural disasters, and human-made calamities. Under the Motor Vehicles Act of 1988, autorickshaw insurance has been made mandatory in India. This means that one must have at least a basic liability or third-party cover that will secure the losses to the third-party person or property that has been affected by the insured vehicle. This, in turn, protects the autorickshaw owner against the financial implications of third-party losses.
Auto Insurance Plans
Third-party Auto Insurance
This is a mandatory cover as required by the law under The Motor Vehicles Act of 1988. This type of policy will only cover the losses and damages incurred by a third party in case of an accident by the insured vehicle. The Insurance Regulatory and Development Authority of India determines and revises the cost of the coverage each year based on different aspects of the vehicle.
Third-party Auto Insurance
This is a mandatory cover as required by the law under The Motor Vehicles Act of 1988. This type of policy will only cover the losses and damages incurred by a third party in case of an accident by the insured vehicle. The Insurance Regulatory and Development Authority of India determines and revises the cost of the coverage each year based on different aspects of the vehicle.
Comprehensive Auto insurance
Comprehensive auto insurance offers an extensive insurance plan and covers a wider range of unforeseen risks and events. It includes third-party liability coverage as well as coverage for the auto owner/driver's own vehicle. Hence, if the vehicle is stolen, damaged in an accident, a natural calamity or due to human causes, the policy covers the cost of repairing or replacing parts of or the whole vehicle (in case of total loss).
Comprehensive Auto insurance
Comprehensive auto insurance offers an extensive insurance plan and covers a wider range of unforeseen risks and events. It includes third-party liability coverage as well as coverage for the auto owner/driver's own vehicle. Hence, if the vehicle is stolen, damaged in an accident, a natural calamity or due to human causes, the policy covers the cost of repairing or replacing parts of or the whole vehicle (in case of total loss).
Importance of Auto Insurance
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Protection for the Owner The owner of the autorickshaw can protect themselves from the financial implications of the losses and damages to the vehicle.
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Legal Protection With a third-party insurance plan, the owner/driver can use the vehicle while following the legal mandate of having an autorickshaw policy.
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Third-party Liability A third-party cover also secures the owner/driver against losses/damages claimed by affected third parties.
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Enhanced Coverage A comprehensive policy allows you to extend the policy benefits with optional add-ons like Engine Secure, Roadside Assistance, etc.
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Secures Passengers Autorickshaw insurance plans also cover injuries and accidental losses/damages to passengers of autorickshaws.
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Personal Accident Cover Comprehensive plans allow for a personal accident cover that protects the owner-driver with a ₹15 lakh cover.
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Business Security Autorickshaw fleet owners can protect their business interests with adequate insurance coverage and earn the trust of their employees.
Benefits of Buying Auto Insurance
Convenience
Buying auto insurance online is convenient as it can be done from the comfort of your home or office. The need to visit a physical insurance office or the hassle of going outside is eliminated.
Easy Comparison
When you buy our policy online, you can compare different plan options and select the one that suits your needs appropriately. This makes it easier for you to choose a policy.
Affordable Premiums
We enable you to calculate your premiums online so that you can decide how much you pay. This can result in affordable premiums as per your budget. This can help you save more money.
Instant Purchase/Renewal
Buying autorickshaw insurance online means the policy is issued instantly after payment. This eliminates the need to wait for the physical policy documents to be delivered.
24/7 Access
Online insurance platforms are available 24/7, meaning the owner/driver can buy or renew their policy at any time of the day. We also provide access to policy documents and other information at any time.