Comprehensive protection for your car and bike - Instant policy issuance
Vehicle insurance is mandatory by law and provides financial protection against accidents, theft, and damages. Catalyst Financial Services offers comprehensive vehicle insurance plans from leading insurance companies for cars, bikes, and commercial vehicles.
Complete protection covering own damage, third-party liability, theft, and natural calamities.
Mandatory coverage for damages caused to third party property or person.
Specialized insurance for bikes and scooters with comprehensive coverage options.
Damage to vehicle due to accidents
Flood, earthquake, storm damage
Damage due to fire or explosion
Vehicle theft protection
Liability for third-party damages
Owner-driver personal accident cover
Find answers to common queries about third-party mandates, comprehensive coverages, and No Claim Bonus (NCB) in Udaipur
A: Yes! Under the Motor Vehicles Act of 1988, having a valid third-party liability insurance policy is legally mandatory for all motor vehicles operating on public roads in India. Driving without one is a serious offense, resulting in heavy traffic fines and potential license suspension.
A: Third-Party insurance only covers legal and financial liabilities for damage, injury, or death caused to a third party by your vehicle. It does not cover damages to your own vehicle. Comprehensive insurance covers third-party liabilities PLUS "Own Damage" (OD) for your vehicle arising from accidents, theft, fire, animal collisions, vandalism, and natural disasters.
A: No Claim Bonus (NCB) is a discount on the own-damage premium offered by insurers for every claim-free year. It starts at 20% after the first year and can accumulate up to 50% over five consecutive claim-free years. NCB belongs to the owner, not the vehicle, meaning if you sell your old vehicle and buy a new one in Udaipur, you can transfer your accumulated NCB discount to your new policy.
A: When you file a standard insurance claim, the insurer deducts depreciation costs on replaced parts (like plastic, rubber, fiber, or glass) before paying. A Zero Depreciation add-on ensures the insurer pays the full cost of replaced parts during repairs, without any depreciation deductions. This is highly recommended for vehicles under 5 years old.
A: In case of an accident, do not move the vehicle if it is severely damaged, and contact our team or the insurer immediately to schedule a towing service to an authorized network garage in Udaipur. The surveyor will inspect the vehicle at the garage, and the insurer will settle the repair bills directly with the garage, minus any policy deductibles.