Motor Insurance
Motor Insurance: Protect Your Vehicle, Secure Your Journey
Motor insurance provides financial protection against damages or losses incurred due to accidents, theft, or other unforeseen events involving your vehicle. It offers peace of mind and financial security by covering repair costs, liability claims, and third-party damages, ensuring a smooth and secure journey on the road.
Sunglare Wealth Health Insurance Benefits
Comprehensive Coverage Options
Sunglare Motor Insurance offers comprehensive coverage options tailored to your specific needs, including protection against accidents, theft, natural disasters, and third-party liabilities.
Prompt Claim Settlements
Sunglare prioritizes customer satisfaction by ensuring prompt and hassle-free claim settlements.
24/7 Roadside Assistance
Sunglare Motor Insurance provides 24/7 roadside assistance services to its policyholders, offering peace of mind and support in emergencies such as breakdowns, accidents, or flat tires.
Value-Added Benefits and Discounts
Sunglare offers value-added benefits and discounts to its motor insurance policyholders, including incentives for safe driving, loyalty rewards, and bundling discounts for multiple policies.
Why buy on Sunglare Wealth
Fast, easy & paperless
Benefit from the growth potential of the Indian economy through our equity-oriented funds.
Instant tax proof
Diversify your portfolio and mitigate risks with our well-balanced fund offerings.
Complete assistance
Optimize your tax planning with our tax-saving mutual fund options, helping you save on taxes while building wealth.
One click payment
Access expert advice and personalized recommendations from our experienced team of financial advisors.
Reasons to Choose Motor Insurance from Sunglare Wealth
Things to Know
Legal Requirement
Motor insurance is often a legal requirement in many countries, mandating that all vehicles operating on public roads must be insured. It typically includes coverage for third-party liability, ensuring compensation for damages or injuries caused to others in accidents involving your vehicle.
Types of Coverage
Motor insurance policies offer different types of coverage, including third-party liability insurance, which covers damages to third-party property or injuries to third parties, and comprehensive insurance, which also covers damages to your own vehicle caused by accidents, theft, or natural disasters.
Premium Calculation Factors
Motor insurance premiums are calculated based on various factors such as the type of vehicle, age and model of the vehicle, location, driving history of the insured, and additional coverage options selected. Safer drivers with clean records and vehicles with advanced safety features may qualify for lower premiums.
Optional Add-Ons
Motor insurance policies often offer optional add-ons or riders that provide additional coverage beyond the standard policy. These may include roadside assistance, personal accident cover for occupants, zero depreciation cover, and engine protection cover, among others, allowing policyholders to customize their coverage according to their needs.
No Claim Bonus (NCB)
Motor insurance policies may offer a No Claim Bonus (NCB) as a reward for policyholders who do not file any claims during the policy period. NCB results in a discount on the renewal premium and can accumulate over consecutive claim-free years, incentivizing safe driving practices and responsible vehicle ownership.
Frequently Asked Questions
Motor insurance, also known as auto insurance or car insurance, is a type of insurance policy that provides financial protection against damages, theft, or accidents involving vehicles. It typically includes coverage for both third-party liability and damage to the insured vehicle.
In many countries, motor insurance is mandatory for all vehicles operating on public roads. The specific requirements and minimum coverage may vary by jurisdiction, but most places require at least liability insurance to cover damages or injuries to third parties.
Motor insurance policies typically offer coverage for third-party liability, which includes damages or injuries caused to third parties in accidents involving the insured vehicle. Additionally, comprehensive policies may cover damages to the insured vehicle caused by accidents, theft, vandalism, or natural disasters.
Motor insurance premiums are calculated based on various factors, including the type of vehicle, age and model of the vehicle, location, driving history of the insured, and coverage options selected. Safer drivers and vehicles with advanced safety features may qualify for lower premiums.
A deductible is the amount that the policyholder is required to pay out of pocket before the insurance coverage kicks in. It is a common feature of motor insurance policies and helps to reduce the insurer’s risk exposure. Higher deductibles typically result in lower insurance premiums.
No Claim Bonus (NCB) is a discount offered on the renewal premium of motor insurance policies to policyholders who have not made any claims during the policy period. NCB serves as a reward for safe driving practices and responsible vehicle ownership.
Yes, motor insurance policies are generally transferable to new vehicles. Policyholders can contact their insurance provider to update the policy details and transfer coverage to the new vehicle. However, certain terms and conditions may apply, and the premium may be adjusted based on the new vehicle’s specifications.
