Vehicle insurance includes many vehicles such as autos, cars, trucks, and bikes that provide protection for all your vehicles. It covers some potential losses, such as damage, theft, and accident. Motor insurance is required by law in most countries, and it can help to protect individuals and families from the high cost of repairing or replacing a vehicle. It is very important for us because it provides financial protection to car owners and car both of them. If you have vehicle insurance then you can run your motor car or bike freely.
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Life insurance is defined as a legally binding contract between an insurance provider and a policy proprietor, where the insurer promises to pay a sum of money to the beneficiary when the insured person die in exchange for the premium paid. Life Insurance protects the future of your loved ones (mom, dad wife and children) by paying a lump sum amount referred to as death benefit if any unfortunate event occurs. Its helps to avoid any financial difficulties for the family after loss of the family member. Buying a policy quickly is recommended as premium amounts are rising this year. Payveda offers life insurance policies at affordable rates.
Health insurance is a type of insurance that help to cover the cost of medical care. It offers financial support for various medical services such as hospital, surgeries, doctor, and other necessary medical treatment. With health insurance, people can save themselves and their family of a broad range of medical services and financial burden of expensive medical care. In India, health insurance is provided by private insurance companies, and individuals and families can purchase health insurance plans through their employer or on the open market, such as PayVEDA agent in their locality.
When a general insurance company and a car owner enter into a contract known as "car insurance," in which the latter agrees to protect the car owner from any financial damages that might result from an unlucky incident affecting the vehicle. When your vehicle is damaged in an accident or a natural disaster, vehicle insurance helps you avoid spending money. Insurance plans are made specifically for two-wheelers, commercial trucks, and other types of road vehicles. In India, there are trucks, cars, bikes, scooters, and other vehicles that are required to run on the road. It is mandatory for the person to take a motor vehicle insurance policy for all types of vehicles in India as per the Motor Vehicle ACT 1988. It also prevent the theft of the vehicle and vehicle property damage.
When a general insurance company and a car owner enter into a contract, commonly known as "car insurance," then the insurance company agrees to protect the car owner from any financial damages that help you avoid spending money when your vehicle is damaged in an accident or a natural disaster. In India, it is mandatory for all two-wheelers, and four-wheeler owners to take a motor vehicle insurance policy as per the Motor Vehicle Act 1988. At Payveda, we offer a variety of vehicle insurance policies that covers the needs and budgets of different vehicle owners.
1.Protection Against Third-Party Liabilities: A car insurance policy aids in reducing third-party obligations for things like property damage, death, temporary or permanent disability, and physical injury.
2.Protection Against Own-Damages: An automobile insurance coverage enables you to protect your finances against the costs associated with your vehicle's own-damage.
3.Coverage Against Theft: A car insurance policy also offers protection in the event that your vehicle is stolen. Your insurance provider will give you your vehicle's Insured Declared Value (IDV), which is the market value of your vehicle, in the event that it is stolen.
4.Covers vehicle damage: Our car insurance policy takes care of the repair costs for any harm done to your car as a result of mishaps or natural disasters.
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