Car insurance is designed to offer protection against any financial loss arising due to accident, whether it be with another vehicle or against any object, theft of the vehicle or important parts of it, water damage or fire damage etc. A comprehensive insurance cover also protects you against any liability arising out of an accident involving a third party, person or property. All kinds of natural calamities and man-made calamities are also covered.
A comprehensive car insurance plan provides complete cover against third-party/person/property liability and for damages (collision, theft, accident, and more) caused to your own vehicle. .
A third party car insurance only provides cover (death, disability, injury, and more) against damages incurred to a third person or property.It does not provide cover for you and your car
As per this policy, you pay an insurance premium on the basis of the distance (kilometers) driven by the vehicle.This plan has been recently launched and is still in the early stages of development