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Motor & Personal Insurance

Everyday cover for vehicles, travel and the home.

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Overview

What is Motor & Personal insurance?

Motor insurance covers vehicles against damage and third-party liability. Third-party cover is compulsory under the Motor Vehicles Act; comprehensive cover adds own-damage protection. Personal lines extend to travel insurance for trips abroad, home insurance for structure and contents, and personal accident cover for individuals.

Why businesses need it

Third-party motor cover is a legal requirement, which is why most people buy it without comparing. The difference between policies emerges at claim — in how own-damage is settled, which add-ons apply, and how depreciation is treated on parts replacement.

The gap we see most often

The most common gap in motor cover is the absence of relevant add-ons. Zero depreciation cover materially changes claim settlement on newer vehicles. Engine protection matters in flood-prone cities. Neither is included as standard, and both are frequently declined to reduce premium by a small margin.

Policies in This Category

6 policy types we place.

Each placed across our insurer panel and structured around your actual exposure rather than a standard template.

Private Car InsuranceTwo Wheeler InsuranceCommercial VehiclePersonal AccidentTravel InsuranceHome Insurance
Who This Is For

Businesses that typically need this cover.

If your operations fall into any of these, this category is likely relevant to your risk profile.

Private vehicle owners
Two wheeler owners
Commercial vehicle operators and fleets
Frequent international travellers
Homeowners and tenants
Individuals without employer accident cover

How we place it

1
Risk assessmentWe understand the business before approaching any insurer.
2
Market approachQuotes sought across our panel with a properly prepared submission.
3
ComparisonOptions presented side by side, differences explained plainly.
4
Placement & monitoringPolicy issued, tracked in iWallet360, reviewed as the business changes.
Common Questions

Motor & Personal insurance — common questions

Is third-party motor insurance mandatory in India?

Yes, under the Motor Vehicles Act. Driving without it is a punishable offence.

What does comprehensive cover add?

Own-damage cover for your own vehicle from accident, theft, fire and natural calamity, alongside the compulsory third-party element.

What is zero depreciation cover?

An add-on removing depreciation deduction on replaced parts, so claims settle closer to full replacement cost. Most relevant on vehicles under five years old.

What is No Claim Bonus?

A discount accumulated for claim-free years, reaching up to fifty percent. It attaches to the owner rather than the vehicle and transfers on change of vehicle.

Does home insurance cover tenants?

Yes. Tenants insure contents and their own improvements; the landlord insures the structure.

Is travel insurance mandatory for visas?

For several destinations including the Schengen area, yes. It is also advisable regardless, given medical costs abroad.

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