Motor insurance is a policy that provides financial protection against accidents, theft, or damage to your vehicle. It also covers third-party liabilities if you cause injury or damage to another person or their property. Having motor insurance is mandatory by law in Sri Lanka.

There are two main types of motor insurance:

• Third-Party Insurance – Covers damage or injury to others but not your vehicle.
• Comprehensive Insurance – Covers third-party liabilities plus damage to your own vehicle due to accidents, theft, fire, or natural disasters.

A comprehensive policy includes:

• Own vehicle damage due to accidents, fire, or vandalism.
• Theft or total loss of the vehicle.
• Third-party liability for injury or property damage.
• Natural disasters like floods, storms, or landslides.
• Optional add-ons like roadside assistance and medical expenses.

Third-party insurance is the legal minimum requirement but only covers damage to others. If you want full protection for your own vehicle, a comprehensive policy is recommended. It helps cover accidental damage, theft, and natural disasters, giving you peace of mind.

Your insurance premium depends on factors such as:

• Type and value of your vehicle.
• Age and driving history of the policyholder.
• Coverage type (third-party or comprehensive).
• Add-ons like roadside assistance, zero depreciation, or medical cover.
• Claim history (No Claim Bonus may reduce premiums).

A No Claim Bonus (NCB) is a discount offered on your insurance premium if you do not make any claims during the policy period. It can significantly reduce your renewal premium and reward safe driving.

If you’re involved in an accident:

1. Ensure safety and check for injuries.
2. Inform your insurer immediately and provide accident details.
3. File a police report (if required for serious damage or third-party involvement).
4. Submit necessary documents for claim processing.
5. Take photos of the accident scene and damage for evidence.

Yes, you can transfer the insurance policy to the new owner, but they must inform the insurer and update ownership details. Alternatively, you can cancel the policy and transfer the No Claim Bonus to your next vehicle.

To file a claim, you typically need:

• Completed claim form from your insurer.
• Copy of your insurance policy.
• Driving license & vehicle registration (CR book).
• Police report (if required).
• Repair estimates from a garage.

Yes! Many insurers offer online renewal services, allowing you to renew your policy quickly and securely. You can also compare policies, update details, and make payments online without visiting an office.

Third-party motor insurance is the minimum legal requirement for all vehicle owners. It covers damage, injury, or death caused to another person or their property due to an accident involving your vehicle. However, it does not cover damages to your own vehicle.

In Sri Lanka, third-party motor insurance is legally required to protect others on the road. It ensures that if you cause an accident, the affected party can claim compensation without financial difficulty.

• Injury or death of a third party (pedestrian, passenger, or other vehicle occupants).
• Damage to third-party property (vehicles, houses, or roadside structures).
• Legal expenses arising from claims against you.

• Damage to your own vehicle.
• Injuries to yourself or passengers in your car.
• Theft or total loss of your vehicle.
• Damage due to natural disasters, riots, or fire.

The premium is based on:

• The type and engine capacity of your vehicle.
• The risk profile of the vehicle category (e.g., private cars, motorcycles, commercial vehicles).
• Government tariffs and regulations.

1. Ensure safety and check for injuries.
2. Call the police and file a report.
3. Inform your insurance company immediately.
4. Collect evidence (photos, witness details, and third-party information).
5. Submit a claim with all required documents.

To file a claim, you need:

• A completed claim form from your insurer.
• A copy of your insurance policy.
• A police report (mandatory for third-party claims).
• Vehicle registration documents (CR book).
• Details of the third party involved.

Yes, you can upgrade to comprehensive motor insurance at any time by contacting your insurer. Comprehensive insurance covers both third-party liabilities and damage to your own vehicle, offering better protection.

Driving without valid third-party insurance is illegal in Sri Lanka and may result in:

• Fines or legal penalties.
• Seizure of your vehicle by authorities.
• Liability for all damages and injuries caused in an accident.

Renewal is simple and can be done:

• Online via the insurer’s website.
• Through an insurance broker for expert guidance.
• At the insurance company’s office or branch.