Motor Vehicle Insurance protects your car or bike against accidents, theft, and damage, while also covering your legal liability to third parties — and it's mandatory by law to carry at least third-party cover. CoreLink Finance helps you compare motor policies and get the right cover at the right price.
At least third-party motor insurance is compulsory for every vehicle owner under Indian law.
A comprehensive policy covers repair costs from accidents, fire, theft, and natural calamities.
Claim-free years earn a No-Claim Bonus that can significantly reduce your renewal premium.
Motor Vehicle Insurance is a policy that protects you financially against the costs of damage to your vehicle, and your legal liability for injury or damage caused to others, in the event of an accident. Third-party cover is legally mandatory for every vehicle in India, while comprehensive cover is optional but highly recommended.
A Third-Party policy covers only your legal liability toward other people, their vehicles, or property — it does not pay for damage to your own vehicle. A Comprehensive policy covers both third-party liability and damage to your own vehicle from accidents, fire, theft, natural calamities, and more.
Choosing the right cover, add-ons, and insured declared value (IDV) makes a real difference to how well you're protected and how much you pay — and that's where comparing options across insurers helps.
Covers your legal liability for injury or damage caused to another person or their property.
Pays for repair or replacement costs if your own vehicle is damaged in an accident, fire, or theft.
A statutory add-on covering accidental death or disability of the owner-driver.
Covers damage from floods, earthquakes, riots, and other listed events, as per policy terms.
A discount on renewal premium for each claim-free year, which can go up to 50% over time.
Get your vehicle repaired at network garages with cashless settlement in most cases.
Enhance protection with zero depreciation, engine protection, roadside assistance, and more.
Choose the Insured Declared Value that best reflects your vehicle's current market value.
| Vehicle Type | IDV ₹5 Lakhs | IDV ₹8 Lakhs | IDV ₹12 Lakhs |
|---|---|---|---|
| Hatchback | ₹7,500 – 10,000 | ₹10,500 – 14,000 | N/A |
| Sedan / SUV | ₹9,000 – 12,500 | ₹13,000 – 17,500 | ₹17,500 – 23,000 |
| Two-Wheeler | ₹1,800 – 3,200 | N/A | N/A |
*Indicative figures for a sample profile, no prior claims. Actual premiums depend on vehicle make/model, city, IDV, NCB, add-ons, and insurer. GST applicable as per prevailing rates.
At CoreLink Finance, we don't just help you buy a policy — we actively support you through the claim process by coordinating with the insurer, guiding documentation, and following up for a smooth experience.
We help you choose the right insurer and policy based on claim settlement ratio, reliability, and your profile.
Before policy issuance, we ensure all your personal, financial, and medical details are accurate and properly declared.
We guide you in filling out proposal forms correctly, so no hidden or incorrect information gets submitted.
In case of a claim, you get a personal claim expert who handles the process — from documentation to settlement.
We actively coordinate and follow up with insurers to ensure quick and smooth claim processing.
Our team checks all documents before submission to avoid technical errors that often lead to delays or rejection.
Follow these steps to ensure your claim is settled smoothly after an accident or loss.
A lapsed policy means no cover and loss of accumulated No-Claim Bonus — renew on time, every time.
Report any accident or theft to the insurer as soon as possible, within the specified time limit.
For theft or major accidents, file a police report — it's essential for most motor claims.
Wait for the insurer's surveyor to inspect the damage before starting repairs, unless advised otherwise.
The driver at the time of the accident must hold a valid licence for the relevant vehicle class.
Using a private vehicle for commercial purposes without declaring it can lead to claim rejection.
Motor insurance is essential — and legally required — for every vehicle owner. Consider this if you are:
A new vehicle owner needing mandatory and comprehensive protection
Driving in high-traffic cities with higher accident or theft risk
Wanting to protect your vehicle's value against repair costs
Due for a policy renewal and want to compare better rates
A two-wheeler owner looking for affordable, adequate cover
Someone who wants add-ons like zero depreciation or roadside assistance
Talk to CoreLink Finance for honest, no-obligation guidance on the right motor insurance for you.
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