Motor-Vehicle Insurance is a contract of indemnity against loss/damage to the insured motor-vehicle during the period of cover. For insurance purpose, motor-vehicles are classified into 3 categories:

1. Private Car,
2. Motor Cycle/Scooter, and
3. Commercial Vehicle    [Passenger/Goods Carrying].

Accordingly, Risks are classified into 3 Sections :

1. Comprehensive,
2. Third Party, and
3. Personal Accident and Medical Cover of Driver, Passengers etc.

In addition, Riot, Strike Damage (RSD) can be included with additional premium.

Lumbini General Insurance Company Ltd. issued first policy on 17th July, 2005.