Why Should I Take Motor Insurance On Muthoot FinCorp ONE?

Why Should I Apply For Motor Insurance On The App.png

In today's fast-paced world, owning a vehicle is a necessity. Whether it's for your daily commute or a weekend getaway, your vehicle serves as your trusted companion on the road. And one of the foremost responsibilities of owning a vehicle is ensuring its safety and security through Motor Insurance.

Motor Insurance, also known as vehicle insurance, is not just a legal requirement but also a shield that protects you from financial losses in case of unforeseen events such as accidents, theft, or damages.

Now, you might wonder why you should choose Muthoot FinCorp ONE for your Motor Insurance needs. Let's delve into some compelling reasons.

Muthoot FinCorp ONE offers a seamless and hassle-free process to apply for Motor Insurance right from the comfort of your home. With just a few clicks on the Muthoot FinCorp ONE app, you can initiate the application process and rest assured that you're on your way to securing your vehicle.

The application process is straightforward.

  1. After downloading the Muthoot FinCorp ONE app, navigate to the Motor Insurance section

  2. Then fill in essential details such as insurance type (new or renewal), vehicle type (two-wheeler, four-wheeler, or others), and your email ID along with the vehicle registration number. Then click submit.

  3. Once submitted, our dedicated customer support representatives will guide you through the remaining process.

Now, let's talk about the types of Motor Insurance offered by Muthoot FinCorp ONE.

Whether you own a two-wheeler, a car, a commercial vehicle, or tractor or an ambulance, we have got you covered.

Our comprehensive range of Motor Insurance policies caters to diverse needs, ensuring that you find the perfect fit for your vehicle.

When it comes to Motor Insurance policies, Muthoot FinCorp ONE offers two main types: Package Insurance and Liability Only Policy.

  • The Package Insurance: also known as Comprehensive Insurance Policy, provides extensive coverage, including third-party liability, vehicle coverage, and personal accident coverage for the owner. Moreover, you can benefit from a No Claim Bonus (NCB), which rewards you with a discount on the premium upon policy renewal if no claims were made in the previous year.

  • The Liability Only Policy is mandatory and covers legal liability arising from injuries to a third party caused by your vehicle. While it doesn't provide coverage for damages to your vehicle or injuries to the insured driver or passengers, it ensures compliance with legal requirements.

Additionally, Muthoot FinCorp ONE offers other add-on coverages to enhance your Motor Insurance policy. From Nil Depreciation Coverage to Return to Invoice Cover, Loss of Personal Belongings Cover, Key Replacement Cover, and Roadside Assistance, we have got you covered in every possible scenario.

Lastly, choosing Motor Insurance on Muthoot FinCorp ONE is not just a prudent decision but also a commitment to safeguarding your vehicle and yourself from unforeseen adversities on the road. With a user-friendly application process, comprehensive coverage options, and a wide array of add-on coverages, we stand as your trusted partner in ensuring a smooth and secure journey. So, why wait? Apply for a Motor Insurance on Muthoot FinCorp ONE and drive with a peace of mind.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the Play Store and download the Muthoot FinCorp ONE app. You can also visit the website today to know more.

Alternatively, you can also follow us on Facebook, Instagram, Twitter or LinkedIn to stay tuned to our latest offerings.

Chat on Whatsapp | Branch Locator | Email us - customercare@muthoot.com | Download App