If your new vehicle is bought after 1st September 2018, you will require ‘OD only’ renewal..
All new cars and bikes that are sold by dealers from 1st September 2018 will have 3 years and 5 years third party insurance as per the Order of the Honourable Supreme Court of India.
That is, a new car sold on 1st September 2018 will have third party (TP) insurance coverage up to 31st August 2021 and a new bike up to 31st August 2023.
Zero Depreciation or Nil Depreciation add on cover allows the insurer to pay the claim towards replacement of spares without deduction towards depreciation, thereby paying 100% cost of replacement.
Continue reading “Zero or Nil Depreciation Cover”Additional electrical and non-electrical accessories like AV system, LCD screens, Fog Lamps, Alloy Wheels, etc., fitted in your vehicle can be covered with this add-on benefit by choosing a sum insured to cover the value of such accessories.
Continue reading “Cover for Accessories”Under this add on cover, the insurer will pay for the charges related to towing the vehicle to the nearest/network garages for repair in case of an accident. This cover is a part of road side assistance.
Engine Protect is an add-on cover which provides protection against damage to engine and its parts due to ingress of water, which is common during monsoon or due to hydrostatic lock, leakage of lubricating oil, damage to gear box, etc.
Continue reading “Engine Protect Cover”The add-on cover that keeps your NCB intact even if you had a claim on your motor insurance policy
NCB Protection is an additional cover that protects the No Claim Bonus earned until previous year, even if there is a claim in this year’s policy. No Claim bonus (NCB) is a discount applicable on renewal of motor comprehensive insurance for every claim free policy year.
Continue reading “NCB Protection”Invoice cover allows the Insurer to pay the invoice price of the vehicle due to an event of total loss or theft of your vehicle.
Continue reading “Invoice Cover or Return to Invoice”This add on is applicable if the vehicle keys get misplaced or stolen or lost. Insurers will compensate for the cost of replacement of key and lock.
Continue reading “Key And Lock Replacement Cover”Under 24 x 7 Roadside Assistance cover, in the event of breakdown of your vehicle, insurers will extend assistance on the spot like providing refuelling, towing, change of flat tyre, battery, minor repairs, accommodation assistance, loss of key, etc., to make the vehicle mobile and provide immediate comfort to the insured.
However, the scope under this add-on and value of the cover will differ from insurer to insurer based on their product plan. Few insurers offer minimum scope of 24 x 7 assistance at free of cost and others charge a premium.
