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

6 Reasons to Open a Fixed Deposit

Depositing additional funds are always welcomed by any bank, but, you as a customer are always muddled whether to store it in a Savings Account or a Fixed Deposit (FD) account. A head-on comparison be...

KNOW MORE

June 29, 2023

7 Most Common Car Loan Mistakes To Avoid

Introduction: Buying a car can be an exciting milestone in one’s life. However, it can also be a costly affair, especially if you don’t plan your finances well. That’s where a car lo...

KNOW MORE

April 26, 2024

What-to-Do-If-You-Miss-a-Car-Loan-Payment

What To Do If You Miss A Car Loan Payment?

Introduction Owning a car is a dream for many, and car loans have made it possible for people to afford their dream cars by spreading the cost over an extended period. However, life is full of uncerta...

KNOW MORE

July 5, 2024