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Vehicle Insurance companies of India

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Posted on : 12/Jul/2018 12:32:11




 
 
 
It is a legal compulsion to get an insurance policy for the vehicle you own in India. Under Indian motor act it is mandatory to have a third party insurance for ensuring the futuristic safety in terms of legal and financial aids for the cases of loss, damage, theft and accident. If you take a comprehensive plan the policy will have normal coverages along with damages caused by natural and manmade calamities.

There are many public and private sectors of motor insurance bodies providing policies on a wide range of coverages and exclusive add-ons depending on the individual customers requirement. Here we list down some of the major insurance companies that provides motor insurances on a one year term and also for an extended period of two to three years.

Public sectors:

  • National Insurance
  • United India Insurance
  • Oriental Insurance
  • The Oriental Insurance co.Ltd

Private sectors:

Below is the list of few leading companies of motor insurances that are very common among the vehicle owners in India.

  • IFFCO Tokio General Insurance
  • ICICI Lombard General Insurance
  • Tata AIG Insurance
  • Bajaj Allianz
  • Royal Sundaram General Insurance
  • Bharti AXA General Insurance