Insurance: insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of any problem.
Vehicle insurance: Vehicle insurance is insurance purchased for car, trucks, motorcycles, bus, and other road vehicles insurance. It would cover both the property risk (theft or damage to the vehicle) and the liability risk. Vehicle insurance it is legal insurance.
What are the types of vehicle insurance?
1. Car insurance
2. Two wheeler /Bike insurance
3. Commercial vehicle insurance
4. Taxi/Cab insurance
5. Auto Rickshaw insurance
6. Truck insurance
7. Bus insurance
8. Health insurance
Why we need vehicle insurance?
Vehicle insurance give us a lot of benefits, because when it would (damage or theft) than vehicle insurance give us a lot of benefit.
Car, Auto, Taxi/Cab, bike insurance it is most important. Car insurance is mandatory to help the family of the deceased who might lose their life in a car or a bike accident. The compensation under the Moto Tribunals Act was introduced to ease the burden on the families.
Two-wheeler insurance: is a type of insurance that is mandatory in India. Falling under the General insurance product category, it helps protect people against accidents that take place on the road. It help a lot and vehicle insurance give us a lot of benefits.
Conclusion: in vehicle insurance people get a lot of benefits, and when people get any problem or car, tax, (damage or theft) then vehicle insurance.