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Motor Policy A ( known as third party insurance)
Motor Policy A or Third party insurance covers unlimited pay compensation for death or bodily injuries to third Parties and damage to the property of the third parties other than insured, up to a limit. Under this policy the insured is treated as the first party, the insuring company the second party and all others would be third parties. This insurance protects the insured from legal liabilities following an accident involving his/her vehicle. It does not cover any damage to his/her vehicle.

Motor Policy B( comprehensive insurance policy).
Comprehensive insurance covers third party liability as well as loss or damage to the insured vehicle itself by the way of accident, theft etc and some other specified risks. Normally it is advisable to get the Comprehensive insurance Policy because it covers insured, vehicle and third party with a single policy.

A comprehensive insurance policy includes:

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Third party cover.
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Loss / Damage to vehicle as a result of an accident, fire or theft.
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Risks against floods, earthquake, riots and strikes.
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Accessories like music system, air-conditioner, etc. can be covered by paying additional premium.
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Risk of loss/damage while in transit by road, rail, watercraft, air, elevator, etc.