Motor Insurance is probably the only Insurance product which is required by the legal framework of the country. If you own a vehicle, it is mandatory for you to have atleast 3rd party Insurance before you hit the roads in your vehicle.

Till some time back most Motor Insurance policies came at the same price, which meant that there was hardly any reason to compare policies across companies. All this changed in 2007 when the pricing de-regulation was introduced in this sector.

The future would see a lot of action in terms of innovative pricing and product features being introduced to entice the customers- hence the need for a comparison platform like BimaDeals