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RO
ROHIT

NEED FOR NEW

Policybazaar Team

Hello Rohit, Thanks for reaching out. When it comes to car insurance, you have two options: third-party insurance and comprehensive insurance. 

Third-party insurance covers damages to the other party's life and property in an accident involving your car. While this type of insurance is a good way to protect yourself, it is not mandatory according to the Motor Vehicles Act. However, if you do not have a separate personal accident insurance policy, you are required to purchase a personal accident cover of at least 15 lakhs, as this is a legally mandated coverage.

Comprehensive insurance, on the other hand, covers theft or damages to your vehicle in addition to third-party coverage. This type of insurance is especially important if you plan to keep your car for a long time, as it will protect you against financial losses resulting from any mishap with your vehicle. As with third-party insurance, you must purchase a personal accident cover of at least 15 lakhs if you do not have a separate personal accident insurance policy. You can check the premium details for car insurance here.

Please visit here for more information on car insurance

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