The Policy offers the following covers:
Section 1 : Undertakes to reimburse expenses incurred for Repair/ Replacement of the damaged parts of the Vehicle , due to accident. To Pay the Insured Declared Value (IDV)in case of a total loss where as the cause of such damage is an accident or theft.
Section 2 : This is compulsory and it covers the legal liability to the third party personal injury, property damage or death arising out of an accident involving the insured vehicle.
Add on Covers
Add on covers can opt by paying an extra premium such as Courtesy Car, Nil Depreciation, Medical Expenses, Personal effects . Nil depreciation covers Private car/ Commercial vehicles depreciation is not deducted in replacement of parts for partial loss claims. Courtesy Car covers reimbursement for hire of rental vehicles when insured car is in garage for repair or car is stolen . Medical expenses cover all hospitalization of occupants of car arising out of road accidents.
Add on cover can be taken for Paid Driver, Cleaner or Workman. Also Personal Accident cover for the co passengers can be taken.
Personal Accident Coverage for Owner/Driver is Compulsory and the coverage is 15 Lakh.
Discount Available for every claim free year for subsequent renewal. Also there is a anti-theft device discount which is installed and it should be approved device.