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.