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MK Finserve > Motor Insurance

Motor Insurance

Motor Insurance is mandatory by law. One cannot ride their 2 wheelers or drive their 4 wheelers on road without insurance. It is an offense. You can see the police personal charging the penalty on those who do not possess insurance for their vehicles.

It is not that they do not want to insure their vehicle. But it is lack of understanding of the importance of insurance for their vehicles.

Many are not aware of the reason for vehicle insurance being insisted by the government.  Many people die or injured in accidents. These victims and kin of the victims are eligible for compensation from the persons who are responsible for the accident.

All vehicle owners may not be capable enough to pay the compensation awarded by the court of law to the injured victims and kin of the deceased victims. Only to make sure that the persons affected due to accidents with loss of life or injuries are compensated, the insurance is insisted by the government.

In case the vehicle which has met with an accident is insured, the legal proceedings and the compensation awarded will be taken care by the insurer who has insured the vehicle concerned.

We deal with the insurers United India Insurance Co. Ltd and Bajaj Allianz General Insurance Co. Ltd for our clients’ motor insurance and other specialized insurance needs.

Apart from Motor Insurance we also deal with

  • Life Insurance
  • Employees Group Gratuity Scheme
  • Health Insurance
  • Personal Accident Insurance
  • Fire Insurance
  • Group Medical Insurance and Personal Accident Insurance
  • Professional Indemnity Insurance
  • Workmen Compensation Insurance