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Getting a Motor Insurance, unlike other forms of insurance, is not a choice but a legal compulsion. It is mandatory to have a third-party motor insurance under Indian Motor Act. But it is recommended by experts to get a comprehensive insurance for your prized possession. A comprehensive plan covers a vehicle not only on the loss/ damage caused by you to a third party (driver/vehicle/property) but also loss /damage caused to your vehicle by natural/man made calamities. To top it up, every insurer offers a host of valuable add-ons on the basic plan to make the coverage even more effective.
There are three types of Motor Insurance - Private Car Insurance Two Wheeler Insurance Commercial Car Insurance Policy or Vehicle Insurance
The public sector insurers have always enjoyed the customer’s preference over private sector insurers. Though, the pattern is bending in favour of private insurers since the last few years. Overview of Top 5 Motor Insurance Companies: Bajaj Allianz General Insurance Co. Ltd. Among the private insurance players in Indian insurance domain, Bajaj Allianz is one of the largest general insurance companies in the country. A large number of industry experts reveal that Bajaj Allianz Auto Insurance leads all the auto insurance players in terms of customer satisfaction, cashless claim settlement and features rich policies. The brand is also widely recognized as one of the most customer friendly insurance companies in India.
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