Owning and driving a vehicle in India comes with its share of risks. With millions of people possessing driving licenses and at least one vehicle per household, the roads witness an increasing number of private vehicles. This surge raises concerns about accidents and traffic violations, making vehicle insurance an essential safeguard. India had over 295 million registered vehicles since 2019, and it was the largest producer of two-wheelers across the globe in the same year.

Comprehensive vehicle insurance facilitates worry-free driving by alleviating repair expenses and ensuring compliance with road laws. The market size is estimated to be INR 1 trillion in 2024, expected to grow to INR 1.7 trillion by 2029.