Motor insurance is mandatory for all two-wheeler and four-wheeler vehicles such as cars, bikes, trucks, scooters that are operating on the Indian roads. Vehicle owners can avail motor insurance even for commercial vehicles. One of the most important documents for all vehicle owners/drivers, a Motor Vehicle Insurance’s main objective is to give complete protection against physical damage sustained by the insured vehicle from natural and man-made calamities. It also provides coverage for third-party liabilities, arising out of any accidental damage, injury, or death of a third party.