Vehicle Insurance not only provides financial protection to the vehicle but also provides cover for injuries to driver, passengers or pedestrians, and their property. It pays for damages to your vehicle due to accidents, vandalism, theft, fire, man-made/ natural disasters, and third-party liability. Considering the exorbitant repair costs these days even a minor damage can cost a fortune. The Motor Vehicles Act also requires every vehicle on the road to at least have a valid third-party liability cover, i.e. cover that pays for bodily injury, loss of life and damage to property of a third person that was caused by an accident with your vehicle.
Not sure which is the best insurer or cover for your needs? Do reach out to us at info@rahfinadvisors.com or contact 9278902902
Life insurance policies protect against the danger of early death. On the other hand, health insurance policies cover the risk of medical emergencies. While life insurance policies provide compensation in the event of death or maturity, health insurance policies compensate the insured if the policyholder suffers a covered medical contingency.