New vehicle insurance
Insurance for a car, bike or commercial vehicle you are buying: the long-term third-party cover needed before registration, plus own-damage cover for the vehicle's first years on the road.
What it covers
Cover varies between insurers and plans. The policy wording is what decides whether a claim is payable, so read it before you buy.
- Third-party liability from the moment the vehicle is registered
- Own damage to the new vehicle from accident, fire, theft and natural calamities
- Riot, strike and malicious damage while the vehicle is parked or in use
- Compulsory personal accident cover for the owner-driver
- Add-ons that matter most on a new vehicle, such as zero depreciation, return to invoice, engine protection and key replacement, where the insurer offers them
Key features
- Long-term third-party cover is issued for new cars and two-wheelers, in line with the rules in force in India
- Own damage can be taken annually alongside the long-term third-party cover, or bundled with it
- Insured Declared Value in the first year is based on the ex-showroom price of the model
- Add-on choice is at its widest in the early years of a vehicle's life
- You are free to insure with any insurer or through a broker, not only through the dealer
How to buy it
Four steps, with an advisor you can reach at any of them.
Tell us what to cover
Tell us the make, model, variant and the city where the vehicle will be registered.
Compare plans
See premium, cover, exclusions and key terms from our partner insurers side by side.
Share details & KYC
Add the details the insurer needs and complete KYC with your PAN.
Get your policy
Pay online, the policy reaches your email, and your advisor stays with you at claim time.
New vehicle insurance: FAQs
Do I have to buy insurance from the dealer?
No. The choice of insurer is yours. You can compare and buy separately, then give the policy details to the dealer for registration.
Why is a new vehicle's third-party cover issued for several years?
The rules in India require a long-term third-party policy when a new car or two-wheeler is first registered. The own-damage part can still be taken annually, so you can review the insurer and the add-ons each year.
What is return to invoice?
An add-on that, on total loss or theft, pays the difference between the claim amount and the invoice value of the vehicle, including registration and taxes as the wording defines. Availability and conditions vary by insurer.
When does the cover start?
From the date and time shown on the policy, which must be in place before the vehicle is driven on a public road.