Motor Insurance is a contract of indemnity against loss/damage to the insured motor-vehicle during the period of cover. Comprehensive vehicle insurance covers vehicle damage as well as third party liability risk. This includes personal accident insurance for drivers, operators, operators, passengers, etc. Vehicles are still considered a luxury item among us, but vehicle damage is a huge amount of damage that takes many years to repair. If one buys a vehicle under the loan facility, the loss is even greater. In some cases, accidents happen even without one’s own fault. Due to the innumerable vehicles and the roads getting narrower day by day, we are being forced to suffer losses. Lumbini General Insurance’s Motor Insurance not only provides financial relief from the financial loss caused by the accident but also provides mental security to the vehicle owner.
Lumbini General Insurance Company Ltd. issued first policy on 17th July, 2005.