Motor Insurance

Motor insurance is not just a legal requirement—it’s your financial safety net against unexpected accidents, theft, and damages. At Early Grow, we provide comprehensive motor insurance plans that offer robust coverage, competitive premiums, and a hassle-free claims process.

Why Choose Motor Insurance?

• ✔ Wide Range of Plans – Choose from third-party, comprehensive, or specialized coverage.
• ✔ Affordable Premiums – Get the best value with competitive rates.
• ✔ Quick & Easy Claims – Streamlined process with minimal paperwork.
• ✔ 24/7 Assistance – Round-the-clock support for claims and queries.

Types of Motor Insurance

• Third-Party Insurance: Covers damages to third-party vehicles, property, and injuries. (Mandatory by law)
• Comprehensive Insurance: Covers third-party liabilities and own damages (accidents, theft, natural disasters).
• Own Damage Cover: Protection against accidental damages to your vehicle (available for new vehicles).
• Commercial Vehicle Insurance: Tailored policies for taxis, trucks, and business vehicles.

Key Benefits

• ✅ Financial Protection – Covers repair costs, medical expenses, and third-party liabilities.
• ✅ Peace of Mind – Drive stress-free knowing you're covered.
• ✅ Legal Compliance – Avoid fines and penalties by staying insured.
• ✅ Add-On Covers – Enhance protection with riders like zero depreciation, engine protection, and roadside assistance.

Eligibility

• Vehicle must be registered in the owner’s name.
• Age requirement (18+ years for private vehicle owners).
• Commercial vehicles must comply with RTO regulations.

Required Documents

📌 For New Policies:

• Vehicle Registration Certificate (RC)
• Identity & Address Proof (Aadhaar, Passport, etc.)
• Previous Insurance Details (if applicable)

📌 For Renewal:

• Existing Policy Document
• Updated RC

Key Components of Motor Insurance

• 🔹 Insured Declared Value (IDV) – The maximum sum insured for your vehicle.
• 🔹 Premium Amount – Based on vehicle type, model, and coverage selected.
• 🔹 No Claim Bonus (NCB) – Discounts on premiums for claim-free years.
• 🔹 Deductibles – The amount paid by the policyholder before the claim is processed.

Top Insurance Companies We Work With

• HDFC ERGO
• ICICI Lombard
• Bajaj Allianz
• Tata AIG
• Reliance General Insurance
• SBI General Insurance

Factors Affecting Premiums

• ✔ Vehicle Type & Model
• ✔ Age of the Vehicle
• ✔ City of Registration
• ✔ Add-On Covers Opted
• ✔ Driving History & Claims Record

Government Regulations & Tax Benefits

• Mandatory Insurance: As per the Motor Vehicles Act, 1988, third-party insurance is compulsory.
• GST Impact: Premiums include 18% GST as per government norms.
• Tax Benefits: Premiums for commercial vehicle insurance are tax-deductible under Section 80C.

Common Riders (Add-Ons) Available

• 🔹 Zero Depreciation Cover – Full claim settlement without depreciation deduction.
• 🔹 Roadside Assistance – Emergency towing, fuel delivery, and minor repairs.
• 🔹 Engine Protection Cover – Covers damages due to water ingression or oil leakage.
• 🔹 Consumables Cover – Covers expenses for oils, nuts, bolts, and other consumables.

How to Buy or Renew Your Motor Insurance?

1. 1️⃣ Compare Plans – Choose a policy that fits your needs.
2. 2️⃣ Submit Documents – Upload required details online.
3. 3️⃣ Pay Online – Secure payment gateway for instant processing.
4. 4️⃣ Receive Policy – Get your policy document instantly via email.

Get Insured with EarlyGrow Today!

🚗 Protect Your Vehicle. Save Money. Drive Worry-Free.