Motor insurance is just like any other insurance policy, but unlike other insurances, it is ‘Mandatory’! According to Sec 146 of the Motor Vehicles Act, 1988, it is imperative that you purchase motor insurance prior to taking your vehicle out on the roads.
And, as the name suggests, it is an insurance that is related to all types of motor vehicles-motorcycles, cars, jeeps, commercial vehicles etc.

Motor insurance is an insurance policy that covers the policyholder in case of financial losses – resulting from an accident or other damages. A comprehensive motor insurance policy covers damages to third-party and third-party property along with compensating for own losses as well.