The policy covers you against any loss or damage caused to the vehicle due to the following natural and man made calamities.
Natural Calamities-Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
Man made Calamities Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.
The motor insurance provides compulsory personal accident cover for individual owner driver of the vehicle insured while travelling in, mounting or dismounting from the car. You can also opt for a personal accident cover for passengers.
This protects you against legal liability arising due to accidental damages
- Any permanent injury/ death of a person
- Any damage caused to the property.
You can avail of our cashless claim facility at the Cashless Garage Network of the insurance provider all across India.
You can claim towing charges in the event accidental damage or loss to your vehicle as specified under the policy
Avail of the following bonuses and discounts -
If you do not make a claim during the policy period, a No Claim Bonus (NCB) is offered on renewals. This discount can go as high as 50%. (NCB is allowed provided the policy is renewed within 90 days of the expiry date of the previous policy.)
You can transfer full benefits of No Claim Bonus when you shift your motor insurance policy from one company to another.
If you are a member of a recognized Automobile Association in India you can avail a discount of 5% on the OD Premium subject to a maximum of Rs. 200.
In case you have installed ARAI approved anti theft device in your vehicle, you get a discount of 2.5% on the OD Premium to a maximum of Rs. 500.
You can also opt for personal accident cover for other unnamed passengers in your car. For e.g. your family, relatives, friends etc.
Electrical and/ or non-electrical items fitted to the vehicle can be insured separately. For example: fog lights, music system, seat covers.
In case of vehicles fitted with bi-fuel system such as Petrol/ Diesel and CNG/ LPG, permitted by the concerned RTO, the CNG/LPG kit fitted to the vehicle is to be insured separately at an additional premium of 4% on the value of such kit. You need to specifically declare this in the proposal form.
The number of road accidents in India is estimated to be three times vis-a-vis developed countries. The number of accidents for 1000 vehicles in India is as high as 35 while the figure ranges from 4 to 10 in developed countries
Comprehensive Car Insurance serves as an add-on to the mandatory third-party cover and protects the car owner from financial losses, caused by damage or theft of the vehicle
The vehicles are insured at a fixed value called the Insured's Declared Value (IDV). IDV is calculated on the basis of the manufacturer's listed selling price of the vehicle (plus the listed price of any accessories) after deducting the depreciation for every year as per the schedule provided by the Indian Motor Tariff.
| AGE OF VEHICLE | % OF DEPRECIATION |
|---|---|
| Not exceeding 6 months | 5% |
| Exceeding 6 months but not exceeding 1 year | 15% |
| Exceeding 1 year but not exceeding 2 years | 20% |
| Exceeding 2 years but not exceeding 3 years | 30% |
| Exceeding 3 years but not exceeding 4 years | 40% |
| Exceeding 4 years but not exceeding 5 years | 50% |
If the price of any electrical and / or electronic item installed in the vehicle is not included in the manufacturer's listed selling price, then the actual value (after depreciation) of this item can be added to the sum insured over and above the IDV.
Know all about making a claim.
In case of motor insurance claim, you can avail cashless facility for the repair of your car in the insurance provider�s Cashless Garage List. However, if the car is serviced in a garage ouside the purview of their network, then you can claim reimbursement for the same.
Note the number of the other vehicle involved in the accident, if any.
Jot down the names and contact details of witnesses, if any.
Contact the insurance provider. Get your claim number / reference number. Call centre representative will provide you the details of documents required for claim processing and also details of our preferred garage, where cashless repair facility can be availed.
File an FIR at the nearest police station in case of property damage, bodily injury, theft and major damages.
Someone from the insurance provider will contact you within 1-2 days of registering the claim.
Submit the copy of documents to the dealer / CSM and get verified with the originals.
Insurance provider will get the estimate for the repairs of your vehicle and give approval after assessment.
After completion of repair the garage will directly receive payment of insurance provider's share of the loss.
You need to pay the excess mentioned in the policy and depreciation, salvage etc as informed by the provider.
Claim form duly signed *
RC copy of the vehicle
Driving license copy**
Policy copy (First two pages)
FIR on a case-to-case basis
Original estimate
Original repair invoice, payment receipt (for cashless garage, only repair invoice)
Claim form duly signed*
RC copy of the vehicle with all original keys
Driving license copy
Original policy copy
Original FIR copy
RTO transfer papers duly signed along with Form 28, 29, 30 and Form 35 (if hypothecated)
Final report � A no trace report from the police saying that the vehicle cannot be located.
Claim form duly signed*
Police FIR copy
Driving license copy
Policy copy
RC copy of the vehicle
* Stamp required in case of company registered vehicle
** Original documents