Motor Insurance covers a financial loss that can arise virtually on a daily basis. Whether it is damage to your own vehicle, damage to another person’s vehicle, injury or death of a passenger or member of public as a result of an accident this policy covers a crucial area of risk. Motor is a core part of our business, constituting 1/3rd of our total business. In 2008 – 2009 HGI settled 847 claims, amounting to Rs. 42,415,698. From individual motorcycles to company fleets we provide a suitable & comprehensive policy for all our clients.
What it covers
Policies can be issued on a comprehensive basis (covering own damage and third party legal liability) or for third party only (covering your legal liability for death, bodily injury or damage to property of members of the public). Our standard Motor Insurance covers damage to your vehicle (motorcycle, private car, commercial vehicle, agricultural & construction vehicles) due to:
- Fire and Lightening
- External Accident
- Theft or Burglary
- Natural Calamities
- Riot Strikes Malicious Acts & Terrorism