Comprehensive Motor Insurance

Check the benefits, coverage, add-ons, and key exclusions of a comprehensive motor insurance policy.
Get Quote
Check Car Insurance Plans
Get Quote
3 mins
13-August-2024

Insurance is one of the essential aspects of our financial planning, and it becomes even more critical when it comes to securing our vehicles. Comprehensive insurance is one of the most popular and widely used insurance covers among vehicle owners.

This article will take you through the meaning, benefits, and various other aspects of comprehensive insurance for both bike and car insurance scenarios. It will also talk about the add-on covers that enhance the protective umbrella of a comprehensive insurance policy.

What is comprehensive insurance?

Comprehensive insurance, often referred to as comprehensive coverage, is a type of insurance policy that provides broad protection against various risks, excluding collision-related damages. Unlike basic liability coverage, which typically covers damages caused to others in an accident, comprehensive insurance expands its scope to protect the insured vehicle from non-collision events.

What is comprehensive bike insurance?

Comprehensive bike insurance is a specific form of comprehensive coverage tailored for motorcycles. This type of insurance not only covers damages to your bike resulting from accidents but also extends coverage to non-collision events such as theft, natural disasters, or vandalism. Essentially, it offers a comprehensive safety net for your two-wheeled companion.

What is comprehensive car insurance?

Comprehensive car insurance operates on a similar premise but is designed for four-wheeled vehicles. Beyond covering damages resulting from accidents, comprehensive car insurance provides financial protection against a range of events, including theft, fire, natural disasters, and acts of vandalism. This broader coverage is especially valuable for car owners seeking comprehensive protection for their vehicles.

Top features of comprehensive motor insurance policy

Here are the top features of a comprehensive motor car insurance policy:

  • Extensive coverage: Protects against damages to your own car and third-party liabilities.
  • Natural calamities: Covers damage due to floods, earthquakes, and other natural events.
  • Theft protection: Offers coverage if your car is stolen.
  • Add-on options: Customisable with add-ons like Zero Depreciation and Roadside Assistance.
  • Accident coverage: Includes protection against damages caused by accidents or collisions.
  • Fire and explosion: Covers losses due to fire, explosions, or self-ignition.
  • Personal accident cover: Provides coverage for injuries to the driver-owner in case of an accident.
  • Third-party property damage: Covers damages caused to third-party property.

Benefits of comprehensive motor insurance

Given below are a few benefits of buying a comprehensive insurance for your two-wheeler or four-wheeler:

Protection against damages and losses

Comprehensive insurance protects the vehicle owner against any accidental damages or losses caused to the vehicle due to theft, fire, natural calamities, or other risks.

Freedom from financial liability

Comprehensive insurance minimises the financial burden on the vehicle owner in case of any damages or losses caused due to accidents or other risks.

Third-party liability coverage

Comprehensive insurance includes third-party liability coverage, which covers the legal liabilities arising out of accidental injuries, death, or damages caused to a third person or property.

Peace of mind

Comprehensive insurance gives peace of mind to the vehicle owner as it covers a wide range of damages and losses to the vehicle.

Add-on covers under a comprehensive motor insurance policy

While comprehensive motor insurance offers broad protection, policyholders have the option to enhance their coverage further through add-on covers. These additional features address specific needs and scenarios, providing a more tailored and comprehensive insurance solution. Some common add-on covers include:

Zero depreciation cover

This add-on eliminates the impact of depreciation on the value of replaced car parts during a claim. It ensures that the policyholder receives the entire cost of repairs or replacements without factoring in depreciation.

Roadside assistance

Roadside assistance is a valuable add-on that provides support in case of breakdowns, flat tires, or other mechanical failures. It may include services such as towing, fuel delivery, and on-the-spot repairs.

Engine protection cover

This add-on specifically covers damages to the vehicle's engine, including repair or replacement costs.

Personal accident cover for passengers

While comprehensive insurance generally includes personal accident cover for the policyholder, this add-on extends the coverage to passengers, providing financial protection in case of accidents.

No Claim Bonus (NCB) protection

NCB protection ensures that policyholders retain their earned No Claim Bonus even if they make a claim during the policy period. This encourages safe driving and rewards policyholders for claim-free years.

Consumables cover

This add-on covers the cost of consumable items such as engine oil, coolant, and nuts and bolts during repairs, which are usually not covered under a standard comprehensive policy.

Comprehensive insurance is one of the best insurance options for vehicle owners, providing complete protection against various damages and losses. Comprehensive insurance covers a wide range of risks, including damages caused by natural calamities, theft, fire, and other accidents, making it a complete and all-encompassing cover for vehicle owners. With additional add-on covers, comprehensive insurance can provide an even higher level of protection to the vehicle owner. It is essential to choose an insurance policy that suits specific needs and requirements to ensure complete financial security.


What is covered under comprehensive motor insurance?

Comprehensive motor insurance, often referred to as "comprehensive insurance," offers extensive coverage that goes beyond basic third-party liability. Here is a detailed overview of what is included under comprehensive insurance:

Comprehensive insurance definition:

Comprehensive insurance is a type of motor insurance policy that provides protection against a wide range of risks, including damage to your own vehicle, theft, and third-party liabilities. It is designed to offer extensive coverage, ensuring peace of mind for vehicle owners.

Coverage includes:

  • Accidental damage
    Covers repair costs for damages caused by accidents, regardless of fault.
  • Theft and vandalism
    Protects against loss or damage due to theft or vandalism.
  • Natural disasters
    Includes coverage for damages resulting from natural calamities like floods, earthquakes, and storms.
  • Fire and explosion
    Covers damage caused by fire, explosions, or self-ignition.
  • Third-party liability
    Protects against legal liabilities arising from injuries or damages caused to third parties.
  • Personal accident cover
    Provides compensation for personal injuries or death of the owner-driver.
  • Damage from falling objects
    Covers damages from objects falling on the vehicle, such as trees or debris.
  • Animal collisions
    Includes coverage for damages resulting from collisions with animals.

In summary, the comprehensive insurance definition entails a policy that offers extensive protection against a variety of risks, ensuring that vehicle owners are covered in numerous situations beyond basic third-party liability.

What is not covered under comprehensive motor insurance?

Comprehensive insurance for vehicle owners offers extensive coverage but has certain exclusions. Here’s what is typically not covered:

  • Wear and tear
    Regular wear and tear or aging of the vehicle.
  • Mechanical/electrical breakdown
    Failures not caused by accidents or covered perils.
  • Drunk driving
    Damages incurred while driving under the influence of alcohol or drugs.
  • Unauthorised use
    Damage when the vehicle is driven by someone without a valid license.
  • Illegal activities
    Damages occurring during illegal activities or when the vehicle is used for unlawful purposes.

Who should you buy comprehensive motor insurance?

Comprehensive insurance is ideal for vehicle owners seeking extensive protection. Here’s who should consider it:

  • New vehicle owners
    Protects significant investment from a wide range of risks.
  • High-value vehicle owners
    Ensures costly repairs and replacements are covered.
  • Residents in high-risk areas
    Beneficial for those living in areas prone to theft, vandalism, or natural disasters.
  • Drivers of high usage
    Frequent drivers who face higher risks on the road.

Reasons to buy a comprehensive motor insurance policy

Opting for comprehensive motor insurance provides multiple benefits. Here are key reasons to consider:

  • Extensive coverage
    Protects against various damages, including accidents, theft, and natural disasters.
  • Peace of mind
    Ensures financial protection against unforeseen incidents.
  • Third-party liability
    Covers legal liabilities for damages caused to third parties.
  • Personal accident cover
    Provides compensation for personal injuries or death of the owner-driver.
  • Enhanced vehicle protection
    Essential for maintaining the value and safety of your vehicle.

How to buy comprehensive motor insurance online?

Purchasing comprehensive motor insurance online is straightforward and convenient. Here’s how to do it:

  • Research providers
    Compare different insurance providers and policies.
  • Visit websites
    Go to the insurance providers’ websites.
  • Fill out details
    Provide necessary vehicle and personal information.
  • Select coverage
    Choose the desired comprehensive ins policy options.
  • Make payment
    Complete the payment through secure online methods.

How to buy comprehensive motor insurance policies through Bajaj Finance Insurance Mall?

You can also buy motor insurance policies for your vehicle by visiting the Bajaj Finance Insurance Mall. Bajaj Finance Insurance Mall lists top car and two-wheeler insurance plans from leading insurers under one platform. Here are the steps to buy:

Step 1: Visit Bajaj Finance Insurance Mall and view insurance plans offered by leading motor insurance companies.

Step 2: Click on 'Get Quote’ to open the online application form.

Step 3: Enter the vehicle type, vehicle registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

Step 4: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.

Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.

Step 7: Enter the vehicle owner’s name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as per the RC) and previous policy details.

Step 8: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.

Frequently asked questions

What is the comprehensive insurance policy?

A comprehensive insurance policy provides extensive coverage for your vehicle, protecting against damages from accidents, theft, natural disasters, fire, and vandalism. It also includes third-party liability and personal accident cover, ensuring wide-ranging protection.

What's the difference between comprehensive and third-party insurance?

Comprehensive insurance covers both your vehicle and third-party liabilities, including damages from accidents, theft, and natural disasters. Third-party insurance, on the other hand, only covers damages or injuries caused to other people or their property, not your own vehicle.

How much is covered under comprehensive insurance?

Comprehensive insurance typically covers the market value of your vehicle at the time of the claim. The exact amount depends on the policy terms, including deductibles and coverage limits, ensuring financial protection against a variety of risks.

What is a fully comprehensive insurance cover?

A fully comprehensive insurance cover is the most extensive form of vehicle insurance, offering protection not only against third-party liabilities but also for damages to your own vehicle. This type of policy covers a wide range of risks, including accidents, theft, fire, natural disasters, and vandalism, providing peace of mind by ensuring that you are financially protected in a variety of scenarios.

Which is better, comprehensive or third-party insurance?

Choosing between comprehensive and third-party insurance depends on your needs and budget. Comprehensive insurance offers broader coverage, protecting against both third-party liabilities and damages to your own vehicle. Third-party insurance, on the other hand, is more affordable but only covers damages caused to others.

Show More Show Less

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

Insurance is the subject matter of solicitation. *T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.