Secure your two-wheeler, private car, or commercial vehicle against road accidents, theft, floods, and legal liability. Get instant policy copy, cashless claims at 5,000+ garages, and transfer your full No Claim Bonus (NCB) with Banks Loop.
Partnered with leading general insurance providers
Whether you need mandatory third-party liability to comply with the Motor Vehicles Act or full zero-depreciation coverage for your new vehicle, Banks Loop makes selection straightforward.
Comprehensive and zero-depreciation coverage safeguarding personal cars against accidental collisions, theft, and natural disasters.
Get Quote →Economical policies for bikes and scooters with quick renewal, multi-year plans, and personal accident covers up to ₹15 Lakhs.
Get Quote →Specialized insurance coverage for trucks, taxis, passenger buses, and delivery fleets keeping business operations completely compliant.
Get Quote →Complete reimbursement on claims for replacement parts (plastic, fiber, metal) with zero depreciation deduction at repair shops.
Get Quote →Compare key policy features to choose the exact level of financial protection your vehicle requires under Banks Loop guidance.
| Coverage Scope | Third-Party Liability Only | Comprehensive Vehicle Policy | Comprehensive + Zero Dep Add-On |
|---|---|---|---|
| Legal Mandate (RTO Compliance) | Yes (Compulsory by Law) | Yes (Fully Compliant) | Yes (Fully Compliant) |
| Third-Party Injury & Property Loss | Covered up to statutory limits | Covered up to statutory limits | Covered up to statutory limits |
| Own Vehicle Accidental Damage | Not Covered | Covered (Depreciation applied) | Covered (100% Claim Value) |
| Theft, Fire & Floods (Natural Calamities) | Not Covered | Covered up to Vehicle IDV | Covered up to Vehicle IDV |
| Deduction for Plastic / Metal Parts | Not Applicable | Up to 50% Depreciation | 0% Depreciation (Full Settlement) |
Upgrade your standard motor insurance package with curated add-ons designed to eliminate out-of-pocket expenses during road contingencies.
Shields high-repair-cost mechanical damage caused by water logging (hydrostatic lock) and engine lubricant leakage.
Emergency towing, on-spot minor repairs, flat tire change, battery jump-start, and fuel assistance anytime, anywhere.
Retain your hard-earned renewal discounts even after filing a repair claim during the policy tenure.
Provide your vehicle registration number, maker model, and manufacturing year.
Review real-time quotes, IDV values, and add-on combinations across insurance providers.
Avail instant renewals without inspection for active policies, or hassle-free digital check.
Receive digitally signed valid insurance policy documents instantly via email & WhatsApp.
Get seamless cashless repairs across 5,000+ certified vehicle workshops and service stations nationwide.
We stand by you when accidents happen, streamlining claim documentation and garage coordination end-to-end.
Easily transfer your No Claim Bonus (up to 50%) when switching your policy to save substantially on yearly premiums.
Clear guidance on vehicle IDV calculation, deductibles, and exclusions so there are never any surprises during claims.
IDV (Insured Declared Value) is the maximum sum insured determined by the manufacturer's selling price adjusted for vehicle age depreciation. It is the amount payable by the insurer in case of total loss or vehicle theft.
Yes. You can renew expired car or bike insurance policies through Banks Loop. While some insurers may require a brief self-inspection video through your phone, many partner programs allow instant revalidation.
You only need your Vehicle Registration Certificate (RC), previous year's policy copy (if renewing), and owner identification details (PAN / Aadhaar). No physical paperwork is required.
Yes, as per Indian motor regulations, a compulsory Personal Accident (CPA) cover of ₹15 Lakhs is mandatory for individual vehicle owners holding a valid driving license.
Reach our motor insurance specialists directly via WhatsApp or submit your vehicle details for an instant callback.