Third-party is the law. Comprehensive is smart. We compare every insurer, every plan — and get you covered in minutes. No paperwork. No waiting.
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The law requires Third-Party. But only Comprehensive truly protects your vehicle. Here is exactly what you get with each.
A real advisory session from our office. No upselling. No pressure. Just clear advice on what you actually need — and what you can skip.
Last reviewed: June 2026 — Cover Credit Advisory Team
Third-party is the legal minimum — it covers damage to others. But it does not cover your own vehicle at all. If your car gets damaged in an accident, floods, or gets stolen, third-party pays nothing. For any vehicle under 7 years old, we strongly recommend comprehensive cover. The extra cost is typically ₹2,000–₹4,000 per year — far less than a single repair bill.
Standard comprehensive insurance deducts depreciation from your claim payout — meaning you pay part of the repair out of pocket. Zero Depreciation (Zero-Dep) means the insurer pays 100% of the repair cost with no deductions. It costs ₹600–₹1,200 extra per year and is highly recommended for cars under 5 years old. We always recommend it unless the car is very old.
Every year you do not make a claim, you earn a discount on your premium — starting at 20% and going up to 50% after 5 consecutive claim-free years. This NCB belongs to you, not the vehicle. If you switch insurers, your NCB transfers. However, any claim resets it to 0%. We help you decide whether a small claim is worth making or better paid out of pocket to protect your NCB.
For renewal: your existing policy number and vehicle registration number — that is it. For a new policy: RC book copy, previous policy (if any), and your driving licence. For commercial vehicles: additional permit and fitness certificate documents may be required. We handle the entire paperwork process for you.
Step 1: Call the insurer helpline immediately and register the claim. Step 2: Take your vehicle to a network cashless garage — no upfront payment needed. Step 3: Surveyor inspects the vehicle and approves repairs. Step 4: Vehicle repaired and you drive out. For reimbursement claims at non-network garages: repair first, submit bills, and the insurer pays within 7 working days.
Yes, but a lapsed policy (expired for more than 90 days) may require a fresh inspection of the vehicle before the new insurer accepts it. It can also result in loss of your accumulated NCB. If your policy lapses, contact us immediately — we help you get re-insured with minimum hassle and advise on NCB protection options.
Yes. The September 2025 GST reform exempted individual life and health insurance only — all motor (vehicle) insurance continues to attract 18% GST, the same as before.
TP cover pays for injury or damage you cause to others and is legally compulsory. OD cover pays for damage to your own vehicle from accidents, fire, theft, or natural calamities. Comprehensive insurance simply means OD and TP bundled into one policy.
Yes — IRDAI mandates a long-term third-party policy at the time of purchase for new vehicles: 3 years for a new car, and 5 years for a new two-wheeler. The Own Damage component can usually be bought separately on an annual basis, giving you flexibility on that part of the cover.
For most vehicles under 5 years old, we recommend Zero Depreciation (full claim payout with no part deductions) and Engine Protection (covers water ingress and lubricant leakage damage). Return to Invoice is worth it for very new vehicles, and Roadside Assistance is inexpensive peace of mind for long commutes. We tailor the exact combination to your vehicle's age and usage.
Yes — NCB belongs to you as the policyholder, not the vehicle. When you sell your old vehicle and buy a new one, your accumulated NCB discount (20% up to 50%) carries over to the new policy with proof from your previous insurer. It does not, however, transfer to a new owner if you sell the vehicle itself.
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