login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

25. Why Do You Need a Motor Insurance?

mahindra-finance-author

by Mahindra Finance

|

January 6, 2025

|

1 mins read

As per Motor Vehicles Act, 1988, Motor insurance is mandatory. Further, it protects the owner of the vehicle against damages to the vehicle and also pays for any liabilities owed by the vehicle owner as per law

Related articles

What Is The Impact Of Late Personal Loan Payments On Your CIBIL Score?

A personal loan’s late payment can have a significant impact on your creditworthiness, affecting your CIBIL score. Your credit score reflects your ability to repay loans based on your credit his...

KNOW MORE

May 23, 2024

Benefits of an SME Loan

Small businesses require funding at various stages – while getting off the ground, managing operations, maintaining inventory, upgrading equipment, and even recovering from losses. When running a Sm...

KNOW MORE

June 29, 2023

How Much To Spend On A Car In India: A Practical Guide

Introduction Are you dreaming of buying a new car in India? Purchasing a car is a significant financial decision, and it’s essential to determine how much you should spend on this depreciating a...

KNOW MORE

April 17, 2024