Drive safe. Manage driver risk. Drive with Confidence

Quit switching providers every renewal. Find the best insurance for your vehicle with Prisha Policy.

Email *
Full Name *
Phone *


Why is insurance a must-have for a vehicle owner?

Motor insurance policies are designed to protect you from unforeseen expenses concerning your vehicle.
The expenses may come in the form of accidents, recurring repairs, and damage caused by natural disasters. It will also provide coverage for mandatory payments related to third-party liabilities.

motor insurance

Safety for all

Coverage for medical expenses due to a vehicular mishap or accident and the unfortunate demise of a family member is also included in some motor insurance policies.

Mandate by Law

Under the Indian Motor vehicles act, it is mandatory for all vehicles on Indian roads to have vehicle insurance under a Motor Third Party Liability insurance policy.

motor insurance

What is a Motor Third Party Liability insurance policy?

It is a policy that covers the expenses when an accident has occurred, for which the driver or owner of the car was responsible.

The scheme needs to cover expenses for all those that are damaged by the accident and not just the primary owner of the vehicle.

How to choose your plan?

Look for Comprehensive Cover

While third-party coverage is essential for driving, it is not enough. Comprehensive coverage includes protection from both natural and man-made disasters like storms, earthquakes, theft, and mob unrest. Also, check for cashless facilities in these plans or the ease of not paying money upfront.

Check Insured Declared Valued

IDV is the claim amount that the insurer will pay in the event of an accident or when it requires a repair covered by the policy. Based on your vehicle, ensure to forecast expenses and calculate how much IDV you need.

Check for
Additional Covers

Additional covers include assistance with processes and services other than monetary payments. They may be roadside assistance or zero-depreciation covers, the types of services depends on the insurers you choose.

Opt for
No Claim Bonus

This is a reward given by insurers for not making a single claim during an agreed period, usually a year. The reward amount is regulated by the IRDAI and increases every period a claim is not made.

Different Types of Motor Insurance?

While third-party coverage is essential for driving, it is not enough. Comprehensive coverage includes protection from both natural and man-made disasters like storms, earthquakes, theft, and mob unrest. Also, check for cashless facilities in these plans or the ease of not paying money upfront.

Comprehensive Motor Insurance

Standalone Own Damage cover

Introduced by the IRDAI, the standalone Own Damage (OD) cover policies allow the vehicle owners to get coverage against the losses or damages caused to their vehicle due to natural or man-made disasters. This type of policy can be purchased by those who already have a third-party cover from a different or the same insurer.

Recommended for: Vehicle owners who want all-rounder protection for their vehicle.

Third-Party Motor Insurace

Why Choose PrishaPolicy

5 Reasons why you should choose us to be your policy issuing partner of choice. Allow us to tell you why we are one of the fastest growing insurance brokers.

Customer-Centric Culture

For us, you always come first. Our products and services are designed to find the best coverage for all.

A Decade of Market Leadership

Our teams expertise and experience makes them the perfect guides in choosing a policy that fits your needs.

Reliable and Consistent

Rest assured that everything will be taken care of without a glitch. From shortlisting to claims processing & delivering promises without a hitch.

Guided Policy Assistance

Our experts are forever ready to assist you through each policy detail with a fine-tooth comb.

Claims Assistance

Our DNA prompts - Sales is incomplete without timely support. From start to end, we facilitate smooth processing from lodging to settlement.

Still Thinking About It?

Get on a call with us. We take pride in being associated with you for competitively managing your risks with the best insurance covers and delivering a stress-free experience.

Full Name *
Email *
Phone *

Questions You Might Have

How is the motor insurance premium calculated?

Motor insurance premium is calculated basis various factors, such as IDV, deductibles, seating capacity, cubic capacity, previous insurance history etc. For comprehensive insurance plans, premium charges vary insurance provider per insurance provider on the basis of the coverage provided. Do compare insurance premium on websites like PrishaPolicy so that you get the best quote. Third-party premium amounts are decided by IRDA.

What should I do in case of an accident?

In case your vehicle meets with an accident, you should notify the police and take spot pictures. Click pictures of your vehicle as well as the other vehicle from all angles and focus on the damages. Exchange crucial information from the driver of the other vehicle, including policy number, motor insurance provider, name, phone number, etc. Contact your insurer and file a claim in order to get your damages covered. Keep your car keys and belongings safe.

What is "No Claim Bonus" in Motor Insurance?

No Claim Bonus" is the benefit accumulated to a policyholder in case he hasn't filed any claim throughout the policy period. According to the present Indian norms, it varies from 20-50 per cent for the comprehensive insurance plan. NCB isn't applicable for a third-party motor insurance plan. If a claim is filed, then the "No Claim Bonus" is lost for that policy period. NCB is provided to the policyholder and not to the insured car, two wheelers or commercial vehicle. At the time of the vehicle transfer, the insurance plan could be transferred to a new owner but NCB can't be transferred. The responsibility of paying the remaining balance falls on the shoulders of the new buyer. The original/former owner of the vehicle can use the NCB at the time of purchase of a new automobile

What happens if I don't buy motor insurance for my vehicle?

All cars, bikes, scooters and trucks plying on Indian roads need to have a valid motor insurance policy. If you don't buy motor insurance for your vehicle, you will defy the Motor Vehicles Act, 1988 and will be liable to pay a fine of Rs. 2000 or get jailed for up to three months.

Is buying motor insurance policy easy?

Yes. It is very easy to buy motor insurance for your vehicle, be it a two wheeler, a car or a commercial vehicle. You can get in touch with an insurance agent or visit the branch of the insurance provider. All insurance companies in India also allow vehicle owners to purchase insurance online within a few minutes without any hassles.

If I lose my motor insurance policy, Would I get a duplicate copy?

Yes. You have to approach the office of your motor insurance provider from where you have purchased your policy and submit a request in writing. A nominal fee would be charged for the issue of a duplicate policy. If you have purchased a motor insurance online, you can also download a duplicate copy of your policy from the insurer’s website