Motor Insurance

Two Wheeler Policy

Two Wheeler Policy

Car Policy

Car Policy

Commercial Vehicle Policy

Commercial Vehicle Policy

Owning a vehicle has moved long back from a luxury, to a necessary item. A vehicle enhances your mobility and reduces the need to depend on public transportation, especially when you need to be at the go on demand and also when the origin or the destination is off the commercial route. But driving on Indian road comes with its own set of perils. Lack of discipline while driving, bad road or weather conditions, weather increases the risk of an accident. Such an unfortunate event may result in damage to your vehicle and may also cause bodily injuries as well as death. Also there is this statutory regulation of covering risks on 3rd parties who can be injured or whose property may face damage owing to you. According to a report on road accidents published by the Transport Research sector under the Ministry of Road Transport and Highways,

    • One serious road accident in the country occurs every minute and 16 die on Indian roads every hour.
    • 1214 road crashes occur every day in India.
    • Two wheelers account for 25% of total road crash deaths.
    • 20 children under the age of 14 die every day due to road crashes in in the country.
    • 377 people die every day, equivalent to a jumbo jet crashing every day.

In order to financially protect yourself from such incidents, you may consider investing in a vehicle/car insurance policy.

Welfin offers cheapest quotation and prompt service to fulfil your motor insurance needs:

2 Wheeler Insurance

4 Wheeler Insurance

Commercial Vehicle Insurance

Types of Insurance cover:

    1. Amount of insurance coverage 

      – Motor insurance plans can be divided into three types based on the amount of insurance protection offered:

    2. Third-party liability insurance 

      – The Motor Vehicles Act, 1988, mandates that all car owners are in possession of this insurance policy for the protection of their vehicles. In case you drive a car without a minimum of third-party liability insurance cover, you are liable to face penalties.

    3. Comprehensive motor insurance –  Often referred to as a package policy by some insurers, this plan provides more exhaustive insurance protection, as it encompasses third-party liability coverage and own-damage cover.

Motor insurance add-on plans  :

Zero depreciation cover 

This is a popular motor insurance add-on plan that offers significant savings at the time of a claim. It is also referred to as nil depreciation cover or bumper to bumper policy.

Engine protect cover 

A comprehensive motor insurance plan does not protect the vehicle from mechanical or electrical damages to the engine. Buying an engine protect cover offers your engine much-needed protection, especially if you reside in an area prone to waterlogging.

Return to Invoice (RTI) cover 

This add-on plan protects your vehicle from total loss expenses. In the event of a total loss scenario such as a car theft, it provides you the actual invoice value of the vehicle, without accounting for its depreciation with age.

Loss of personal belongings cover

Loss of expensive electronic equipment, laptops, etc. kept in the insured vehicle is offered coverage under this add-on insurance plan.

No Claim Bonus (NCB) protect cover 

No Claim Bonus is a significant bonus offered by insurers to drivers who refrain from raising motor insurance claims in a policy year. You can preserve this bonus even after raising a claim if your vehicle insurance has an NCB protect cover.

Personal accident cover for the passengers

The comprehensive car insurance policy can be enhanced to offer protection for the passengers by opting for this rider.

Daily allowance cover

This add-on cover offers reimbursement for the expenses involved in hiring an alternate vehicle when the insured automobile is undergoing repairs at a garage.

Key replacement cover 

Under this cover, the insurance company reimburses the cost of replacement of the vehicle keys if these were lost or misplaced.

Roadside assistance cover

This add-on cover offers 24/7 protection to the policyholder from incidents such as flat tyre, fuel depletion, requirement for expert scrutiny, etc.

Consumables cover 

Components that are used in a vehicle such as nuts and bolts, screen washers, engine oil, etc. are collectively referred to as consumables. The insurance company does not bear the cost of these components at the time of a claim. However, if your vehicle insurance was equipped with this rider, you will receive coverage for consumables.

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