4. All of these
Motor insurance provides insurance cover to Private vehicles, Commercial vehicles and Motorcycles.
Motor insurance is a policy between the insurance company and the policyholder to provide financial security for any loss or damages and also ensure safeguard against accidental damage or theft of bikes, scooters, cars, two-wheeler, and commercial vehicles.
It is mandatory for vehicles as per Motor Vehicle Act 1988.
Most of time, a motor insurance is valid for one year and must be renewed.