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Compare comprehensive and third-party car plans from India's leading motor insurers, all in one place.
Beyond the legal minimum, our partner plans come with benefits built to get you back on the road faster.
High claim settlement ratios and a fully digital claim journey. File, track and settle easily from your phone.
Get your car repaired without upfront payment at thousands of authorised network garages, with doorstep pickup options available with selected insurance partners.
IRDAI mandates a Compulsory Personal Accident (CPA) cover [minimum sum insured= ₹15 lakh] for the owner-driver protecting you against injury on the road.
Covers injuries and damage to third parties.
Yes, third-party car insurance is mandatory under the Motor Vehicles Act, 1988. Driving without it: ₹2,000 fine (first), ₹4,000 (repeat), plus possible 3-month imprisonment. Covers liability for injury, death, or property damage to third parties.
Third-party has only legal liability for damage to others. Comprehensive: third party + own-damage (accidents, theft, fire, floods, vandalism, riots) + personal accident + rider options. Even minor car repairs cost ₹15,000 to 50,000; comprehensive, strongly recommended.
Third-party: IRDAI-fixed by engine capacity. Own damage: based on IDV, make/model, registration zone, vehicle age, NCB, and add-ons. New mid-segment sedan (₹10 - 12 lakh on-road) comprehensive: typically, ₹8,000 - 15,000/year.
IDV = manufacturer's price minus age-based depreciation: 0-6 months (5%), 6-12 (15%), 1-2 years (20%), 2-3 (30%), 3-4 (40%), 4-5 (50%). Maximum payout on total loss/theft. Higher IDV means higher premium but better payout. Choose an IDV close to true market value.
Cumulative OD premium discount for claim-free years: 20% (yr 1), 25% (yr 2), 35% (yr 3), 45% (yr 4), 50% (yr 5+). On ₹10,000 OD premium, 50% NCB saves ₹5,000/year. Belongs to owner, transfers to new car. Resets on any claim.
Top picks include Zero Depreciation (full parts cost, most impactful), Engine Protection (waterlogging), Return to Invoice (full invoice on total loss), Roadside Assistance, Key Replacement (₹10,000-50,000 for transponder keys), and NCB Protector. Zero Depreciation alone can save ₹5,000 to 25,000 per claim.
For a cashless claim, inform the insurer and take or tow your vehicle to a network garage. The garage shares the repair estimate, which is reviewed and approved by the insurer's surveyor. Once repairs are done, the insurer settles the bill directly with the garage. You only pay for non-covered items. The process usually takes 3 to 7 days.
1) Ensure safety. 2) Photograph damage, scene, plates from multiple angles. 3) FIR if injury/death/significant damage. 4) Inform the insurer within 24 hours. 5) Don't authorize major repairs before surveyors. 6) Collect witness details. Prompt intimation + documentation = smooth claims.
Yes, comprehensive covers floods, cyclones, earthquakes, storms, hailstorms, lightning, landslides. But engine damage from water ingestion (hydrostatic lock) is excluded from base policy. Engine Protection add-on needed for engine replacement costs ₹1.5 to 4 lakh for mid-segment cars.
Yes, transfer within 14 days. Buyer submits existing policy, sale letter, Form 29/30, KYC. Remaining period transfers. NCB does NOT transfer as it belongs to the seller for their next vehicle. Untransferred policy means new owner rides uninsured (illegal).
Market value is what your car is worth today. IDV is the insurer's depreciated value and the maximum standard claim payout. Invoice value is the original purchase cost. RTI add-on helps cover the gap between IDV and invoice value. Insurers calculate a standard IDV using depreciation, but allow adjustment within a band of approx. ±10% to ±15%.
Comprehensive insurance covers your car even if someone else drives it, provided they have a valid licence for that vehicle class. If the licence is invalid or expired, own-damage claims may be rejected, though third-party liability can still apply.
Claims without investigation are usually settled within 30 days. Cashless claims at network garages may take 3 to 7 working days, reimbursement 15 to 30 days, and investigation cases up to 90 days. To avoid delays, inform the insurer quickly and submit complete documents.
OD covers damage to your own vehicle from accidents, theft, fire, natural/man-made disasters, and transit damage. Since 2019, IRDAI allows standalone OD from a different insurer than third-party. Most prefer bundled comprehensive for convenience.
For a 10+ year-old car, IDV may fall to 10 to 20% of its original price. So, an ₹8 lakh car may offer only ₹1 to 1.5 lakh cover, while comprehensive insurance costs ₹5,000 to 8,000 yearly. Choose it if the car is essential; for a secondary car, third-party cover may be enough.
Insurance is the subject matter of solicitation. airpay money is a distributor and does not underwrite policies. Premiums, coverages, add-ons, garage networks, depreciation slabs, the compulsory ₹1,000 deductible and personal accident cover are governed by the respective insurer and prevailing IRDAI regulations. Premium estimates shown are indicative only. Please read all policy documents carefully before concluding a sale.
