Motor Insurance

Motor insurance is mandatory for all vehicles in India as per the Motor Vehicle Act, 1988, whether they are for personal use or commercial. The policy covers financial losses from accidents involving the insured vehicle, including damage to third parties' vehicles and property. It also provides protection against damage caused due to natural disasters or human actions.

The right motor policy will safeguard your finances from unforeseen costs, enabling a worry-free drive. Buying a motor insurance policy online is extremely convenient and hassle-free.  

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Preferred Motor Insurance Options

Highlights of Motor Insurance

Third-party liability cover
Coverage for personal injury, property and vehicle damage
Extensive network garage facility
Quick and hassle-free process
Add-ons available for enhanced insurance and coverage

Types of Vehicles Protected Under Motor Insurance

Car insurance 

It protects the insured vehicle from accidents, theft, and natural or human-made disasters. It includes stand-alone third-party liability/loss, comprehensive plans, and own-damage covers.

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Two-wheeler insurance

It is mandatory for all bikes and covers third-party expenses and own-damage/loss for vehicles, individuals, and property. You have the option to choose from comprehensive plans, stand-alone third-party insurance, or own-damage covers.

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Commercial vehicle insurance

It covers various vehicles against fire, theft, natural calamities, accidents, and third-party liability, including passenger and goods-carrying vehicles.

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If you have any questions related to how to choose the best insurance company, you can connect with our IRDAI certified insurance advisors.

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Motor Insurance Policy - Everything You Need to Know

Types of Motor Insurance Cover Available in India

Stand-alone third-party insurance (SATP)

Mandatory for vehicle operation, covering third-party liabilities of vehicles and persons.

Comprehensive insurance

In addition to third-party liability/damages, it also covers damages/loss to the insured vehicle.

Pay-as-you-drive insurance

The costs vary based on vehicle use – type of vehicle, time, distance, behaviour, and place.

Stand-alone own-damage insurance (SAOD)

It only covers damages to your vehicle. You can buy this along with third-party liability insurance.

Long-term liability cover

It offers continuous third-party liability coverage only for new vehicles – 3 years for private cars and 5 years for two-wheelers.

Bundled plan

It combines stand-alone third-party liabilities (3 and 5 years for private cars and two-wheelers respectively) and stand-alone own-damage cover for one year only for new vehicles (commercial vehicles not included).

Features of Motor Insurance

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Easy online plan purchase and renewals

Buy or renew motor insurance conveniently from home. Get expert advice from our certified insurance advisor if needed.

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Transparent claims process

Understand the claim process upfront during policy purchase. Enjoy smooth cashless or reimbursement claims.

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Flexibility of coverage

Select from stand-alone third-party, comprehensive, or stand-alone own-damage cover based on your requirements.

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Improved coverage

Enhance your coverage with options like engine protection, zero depreciation, consumables, key replacement, etc., with comprehensive or stand-alone own-damage plans.

Benefits of Motor Insurance

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Legal Compliance

Ensures compliance with Indian Motor Tariff laws. A third-party policy is mandatory for road use, avoiding fines or legal issues.

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Third-party liability coverage

Protects against legal liabilities from damage caused by your vehicle to other individuals or property.

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Own-damage coverage

Covers damages to your vehicle from accidents, natural disasters, fire, vandalism, etc., under comprehensive or stand-alone plans.

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Personal accident cover

Provides compensation for injuries, disability, or death resulting from accidents.

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Enhanced coverage

Add-ons like zero depreciation, engine protection, and roadside assistance improve your insurance coverage.

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No-claim bonus:

Eligible for discounts on policy renewal if no claims are made during the coverage period, ranging from 20%-50%.

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Other discounts

Offers on anti-theft devices, voluntary deductibles, and Automobile Association of India memberships.

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Cashless repairs

Use network garages from your nearest location for hassle-free, cashless repairs listed on the Mahindra Paybima website.

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Easy reimbursement

Pay repair costs upfront and get claim reimbursement from the insurer later.

Simple Steps and Assistance for Buying a Motor Insurance Plan

At Paybima, buying an insurance plan is easy and you can opt for an advisor’s help anytime.

Simple and
Easy-to-follow Steps
Comparison of Top
Plans for Free
Help from Certified
Advisors Anytime
Honest Advise.
No Force Selling

Motor Insurance – Inclusions

What is covered in motor insurance

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Third-party Liability

Covers injury, death, or property damage caused by accidents involving your vehicle.

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Comprehensive Coverage
  • Includes damages/loss in road accidents
  • Fire
  • Explosions Thefts
  • And during rail/road/waterways/lift/elevator/air transportation
  • Terrorist acts
  • Riots
  • Strikes and natural disasters

Motor Insurance – Exclusions

What is not covered in motor insurance

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Damages caused due to driver intoxication

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Illegal activities

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Unlicensed driving

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Consequential losses

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Normal wear and tear of parts

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Intentional accidents

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Or suicide attempts.

Add-ons in Motor Insurance

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Zero depreciation

No depreciation charges during claim settlement for replaced parts.

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Consumables

Covers wear and tear items such as nuts, bolts, ball bearings, gearbox oil, grease, AC gas, lubricants clip, fuel filter, screw, washers etc.

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Engine protection

Compensation for mechanical or electrical damages to the engine due to oil spills or water ingression. It includes the gearbox, hydrostatic lock etc.

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Return to Invoice (RTI)

Covers the gap between ‘insured declared value’ and purchase cost for a new vehicle of the same make and model along with the registration and other applicable taxes.

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Road Side Assistance (RSA)

Services during breakdowns and mishaps, including towing, jump start, tyre change and fuel recharge.

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Key replacement

Covers replacement of lost keys.

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Tyre protection

Covers tyre damages like bulges, cuts, punctures, or bursts.

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New vehicle replacement

Provides funds for a new vehicle of same make and model after total loss.

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Additional towing

Covers towing expenses during breakdowns or accidents.

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NCB protection

Preserves no-claim bonus after a claim.

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Personal belongings

Covers loss of personal items in the insured car.

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Battery Protect for electric motor

Pays for damaged battery repairs due to floods or inundation.

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Electric vehicle motor protect

Repairs internal parts of electric motors or hybrid units such as the differential and transmission units, water ingression, undercarriage damage, leakage of lubricating oil.

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Charger & cables

Covers damage to chargers and cables due to over-voltage, fire, towing damage, etc.

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EMI cover

Pays EMIs to the financial institution on behalf of the insured during lengthy accident repairs.

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Rim guard

Compensates for wheel rim damage.

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Loss of income/daily allowance

Covers daily transport costs during repairs.

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Emergency medical cover

Pays for accident-related medical expenses to a certain limit.

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Helmet cover

Covers damaged helmets from accidents.

How to Select the Best Motor Insurance Plan?

With so many options, selecting the right motor insurance can be tough. It is important to choose a plan which addresses your needs and is financially viable.

Factors to consider while selecting a motor insurance policy are mentioned below:

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Coverage Options

Choose between stand-alone third-party, stand-alone own-damage, or comprehensive plans based on your needs.

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Add-on covers

Enhance coverage with options like zero depreciation, RSA, and engine protection.

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Claim settlement ratio:

Opt for insurers with high claim settlement ratios for smoother claim processes.

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Network garages

Opt for policies which have access to numerous network garages for cashless claims.

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No-claim bonus

Earn discounts ranging from 20%-50% during policy renewal for no claims made.

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Insured Declared Value (IDV)

Ensure that the IDV matches the vehicle's market value, providing value for money.

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Additional discount

Take advantage of discounts for anti-theft devices, voluntary deductibles, and AAI membership.

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Terms and conditions

Understand the claim and renewal processes thoroughly by reading the policy's terms and conditions.

Factors Affecting the Premium of Motor Insurance

Things to Consider While Buying Motor Insurance Online

1
Coverage

Choose the right coverage - third-party, own-damage, or comprehensive as per your vehicle and needs.

2
Add-ons

Explore available add-ons for extra protection.

3
Features

Compare policies for features, premiums, claim ratios, network garages, and more.

4
Claim process

Ensure that the claim process is straightforward for easy claims.

5
Network garages

Check for sufficient cashless garages for convenient claims.

6
Premium calculation

Understand how premiums are calculated to find cost-effective options.

How to Claim Motor Insurance

In case of your own-damage claim, it's crucial to follow certain procedures. As an insurance broker, we are here to offer complete guidance and assistance. Visit our nearest Mahindra Paybima store and contact your relationship manager on the toll-free number for support.

Cashless Claim Process
1
Step 1

Immediate notification
Promptly report the accident or damage to your insurer for swift action.

2
Step 2

Authorised network garage
Take your vehicle to the nearest network garage authorised by your insurer.

3
Step 3

Document submission
Submit necessary documents, including claim form, insurance policy copy, driving license, and registration certificate for smooth processing.

4
Step 4

Repair cost estimation and communication
The authorised network garage assesses damages and promptly shares repair estimates with the insurer.

5
Step 5

Surveyor's assessment
An assigned surveyor inspects and evaluates the damage, sometimes via video survey for efficiency.

6
Step 6

Direct settlement
After approval, the insurer directly settles the expenses with the network garage.

7
Step 7

Claim deductibles
Pay the deductible or depreciation amount as per coverage taken in the insurance policy.

8
Step 8

Vehicle collection
Collect your vehicle post-repairs and final confirmation of insurance liability.

Non-Cashless Claim Process (Reimbursement)
1
Step 1

Immediate notification
Promptly inform your insurer about the accident or damage.

2
Step 2

Authorised garage
Choose an authorized garage or workshop for repairs.

3
Step 3

Repair cost estimation
Obtain a repair cost estimate from the garage.

4
Step 4

Document submission
Submit required documents, such as claim form, insurance policy copy, driving license, and registration certificate for smooth processing.

5
Step 5

Surveyor's assessment
The assigned surveyor evaluates damages and validates the claim.

6
Step 6

Approved claim and repairs
Proceed with repairs after claim approval.

7
Step 7

Payment and reimbursement
Pay for repairs and submit invoices and receipts to the insurer for reimbursement.

Claim Process: Vehicle Theft
1
Step 1

Immediate police notification
Immediately report theft to the police and file an FIR (First Information Report).

2
Step 2

Inform your insurance provider
Inform your insurer promptly with necessary details.

3
Step 3

Documentation submission
Submit FIR, claim form, and relevant documents such as policy copy and registration certificate to your insurer.

4
Step 4

Surveyor's investigation
An investigation agency assigned by the insurer comprehensively assesses the theft claim.

5
Step 5

Additional document submission
Upon claim approval, provide original keys, vehicle documents, and requested paperwork.

6
Step 6

Verification and settlement
The insurance company will conduct a diligent verification process to validate the claim.

7
Step 7

Final report & A-summary
In case of non-recovery of the vehicle within a 90-day period, police authority will issue a final report and A-summary.

8
Step 8

Settlement
The insurer verifies and settles the claim based on IDV.

Claim Process: Third-Party (TP)
1
Step 1

Immediate notification
Promptly report accidents involving third parties.

2
Step 2

Gather relevant details
Collect all pertinent information about the third party and file an FIR.

3
Step 3

File an FIR
It is mandatory to file an FIR in case of a third party.

4
Step 4

MACT court
Claims route through MACT court for compensation determination.

5
Step 5

Claim approval and legal representation MACT
Once the claim is lodged, the insurer provides legal representation for compensation.

6
Step 6

Compensation determination
The compensation amount is based on liability and Motor Vehicles Act provisions.

7
Step 7

Direct settlements
Do not settle claims directly with third parties as they will not be authorized for reimbursements.

Documents for Claiming Motor Insurance Policy

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A completed claim form with your signature

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Your motor insurance policy copy

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Your registration certificate (RC) copy

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Your driving license

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An estimate for repair costs

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Original repair bills and payment receipts for reimbursements

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A police FIR for theft claims

Motor Insurance Claim - How to ensure claims are accepted and processed

  • There should be no intentional damages or fraudulent claims.

  • There should be no claims involving alcohol-affected driving.

  • There should be no late accident notifications. It should be done between 48 hours to 7 days.

  • There should be no invalid licence claims.

  • There should be no expired policy claims.

  • There should be no claims for personal vehicles used commercially, against the policy terms.

Guaranteed Claim Support

We will guide you from start till end in your ‘claim’ journey. Start your claim process with us to get our support.

How to Buy Motor Insurance Online and Offline

buying-policy

Buy or renew online easily by following these steps to save time and costs. It can be done through the insurer’s website or an aggregator website.

1
Share personal and vehicle details

Input RTO details and vehicle details (brand, manufacturing year, model, fuel type, variant, and date of registration) to begin the process. For ‘renewing’ your policy share vehicle number (RC) of an existing vehicle, along with previous policy and ‘no-claim bonus’ details.

2
Browse policies

Check policy features, premiums, claim settlement ratios, and network garages.

3
Choose coverage

Select from mandatory third party, comprehensive, or bundled plans.

4
Compare shortlisted policies

Shortlist and compare 2-3 policies online.

5
Select add-ons

Choose suitable add-ons for extra coverage.

6
Complete proposal form

In addition to the form, do cKYC, and upload required documents.

7
Make payment

Pay online using credit/debit cards, UPI, wallets, or net banking.

8
Get the policy

Once approved, get the policy via email, post, or dashboard download.

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Visit the insurer or broker for policy purchase.

Benefits of Buying and Renewing Policy Online

You can easily buy and renew motor insurance online on our website and enjoy many benefits along the way:

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Safe and Secure

Online car insurance renewal is safe and regulated by IRDAI, ensuring authenticity and safety.

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Budget-Friendly

Online policies are cost-effective due to reduced operational costs and middleman fees, with festive discounts adding to the savings.

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Easy Comparison

Online platforms allow easy comparison of policies, helping you choose the best option as per your requirements.

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Instant Renewal

Renew your policy instantly by providing vehicle details and previous policy information, making the process quick and straightforward.

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Paperless Process

Minimal paperwork makes online car insurance buying hassle-free and efficient.

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Renewal Reminders

Get timely reminders before policy expiration, ensuring you renew on time.

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Add-on Options

Additional coverage like roadside assistance or zero depreciation can be added to your policy as needed.

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NCB Benefits

Enjoy No Claim Bonus discounts for claim-less years, even if you switch insurers during renewal.

How to Compare Motor Insurance

Consider these factors while comparing vehicle insurance online to get the best deal and coverage.

Compare Top plan From Top Motor Insurance Companies

Royal Sundaram
Future Generali
Reliance General
SBI General
Features
Third-party liability cover
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Own damage cover
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Cashless network garages
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No claim bonus
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Zero depreciation cover
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Roadside assistance
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Engine protect cover
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Return to invoice cover
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Key protect cover
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Choose from India’s Top Insurers

Buy from India’s Top Insurers

Loved & trusted by everyone

Securing my bike with bike insurance plan provided by Paybima has been a game-changer. Their responsive customer service and hassle-free claims process make me feel truly protected on the road. Highly recommended!

RM
Rakesh Mehta
Customer

I've been a proud customer of Paybima for my bike insurance. Their competitive rates and prompt assistance during an unfortunate incident proved they genuinely care about riders. Trustworthy and reliable!"

SD
Swara Damke
Customer

I bought this motor insurance for my bike last month and I am very satisfied with it. They have a comprehensive coverage that covers both third-party liability and own damage. They also have a fast and simple online renewal process, which saves me a lot of time and hassle. I think this is a great option for bike owners.

SP
Shreya P
Customer

I am very happy with the service and coverage of my bike insurance. They have a quick and hassle-free claim process, and the customer support from Paybima was very helpful and friendly. I would recommend this to anyone who owns a bike and wants to protect it from any damage or theft.

AK
Amit K
Customer

I've been a proud customer of Paybima for my bike insurance. Their competitive rates and prompt assistance during an unfortunate incident proved they genuinely care about riders. Trustworthy and reliable!"

SD
Swara Damke
Customer

I bought this motor insurance for my bike last month and I am very satisfied with it. They have a comprehensive coverage that covers both third-party liability and own damage. They also have a fast and simple online renewal process, which saves me a lot of time and hassle. I think this is a great option for bike owners.

SP
Shreya P
Customer

Ask Anything as We Have Answers to Everything in Motor Insurance

A motor insurance policy is compulsory for all vehicles, including personal and commercial vehicles that ply on Indian roads under the Motor Vehicle Act, 1988. The policy covers the financial losses incurred to the insured vehicle, in accidents, to the third-party or his vehicle and property. It also protects the insured and their vehicle against ‘own-damage’ caused by natural or man-made calamities.

Keeps you legally compliant: Motor insurance keeps you legally compliant according to the Indian Motor Tariff. It is mandatory to have at least a third-party motor insurance policy to ply on the road, without which you can be charged a fine or imprisoned.

Covers you against third-party liability: This type of insurance covers you against the legal liabilities that arise in case of loss/damage caused by the insured vehicle to a third person’s body or property.

Covers you for your own-damage: Damages to ]the insured’s vehicle due to an accident, natural calamities, man-made disasters, fire, defacement, etc. are covered under stand-alone own-damage as well as comprehensive motor insurance plans.

Personal accident (PA) cover: PA cover with a motor insurance policy will pay you for the compensation in case of bodily injuries, death, or any permanent disability arising due to an accident.

Enhanced coverage: You can enhance your coverage by choosing any add-ons like zero depreciation, engine protection, roadside assistance, etc.

No-claim bonus: During the tenure of the motor insurance, if no claims have been made, then the insured is eligible for a ‘no-claim bonus’ on renewal of the policy. Get a no-claim bonus benefit ranging between 20%-50%.

Other discounts: Get a discount for installation of anti-theft device, voluntary deductibles, and Automobile Association of India membership

Cashless repairs: You can select the network garages of your nearest location listed on the Mahindra Paybima website to avail of cashless benefits. Easy reimbursement: Reimbursement refers to when the insured pays for the repair cost and later can claim the bill from the insurance company.

Motor insurance is a plan that covers vehicles against any costs incurred due to physical damage or loss and theft of a vehicle. Some features include:

Easy online plan purchase and renewals: You can opt for motor insurance purchase and renewal online, from the comfort of your home. You can also opt for assistance from our certified insurance advisor at any point.

Transparent claims process: The claim process is displayed at the time of policy purchase. Both cashless and reimbursement claim processes can be carried out smoothly.

Flexibility of coverage: Choose from stand-alone third-party, comprehensive or stand-alone own-damage cover for your vehicle as per your need.

Improved coverage: When you choose a comprehensive coverage or stand-alone own-damage cover, you can improve the coverage by choosing from add-ons like engine protection, zero depreciation, consumables, key replacement, etc.

Motor insurance is a plan that covers vehicles against any costs incurred due to physical damage to or by the insured vehicle or loss and theft of a vehicle.

  • Stand-alone third-party insurance (SATP)
  • Comprehensive insurance
  • Pay-as-you-drive insurance
  • Stand-alone own-damage insurance (SAOD)
  • Long-term liability cover
  • Bundled plan

Auto insurance is a mandatory cover that is needed when you drive your vehicle on the road. Besides being a mandatory cover, a two-wheeler insurance policy covers expenses related to damage/loss to a third-party and own-damage/loss for vehicles, individuals and property. You can choose a comprehensive plan, a stand-alone third-party insurance plan or a stand-alone own-damage cover as per your need.

Auto insurance is required to protect your vehicle against any unforeseen liabilities

Below are the types of insurance:

  • Third-party insurance
  • Comprehensive Insurance
  • Pay as you drive insurance