A car insurance policy covers your car against any damages caused due to natural calamities, road accidents, or loss of vehicle. You can choose from three types of car insurance,
Comprehensive Plan - Recommended. Extensive coverage for any damages to your car and third-parties.
Third-Party Plan - Mandated by law. Liability-only plan covering any damages to third-parties and their property.
Own Damage Plan - Recommended if you already have a long term third-party policy. This covers any damages to your car.
Important: PhonePe will NOT charge you any extra amount while buying this policy. You will only have to pay the premium amount as mentioned by the insurance provider.