Get depreciation waiver on plastic and metal parts in case of partial loss/claim. This means when you make a claim, you will get the full claim amount without any deduction for depreciation on the value of parts being replaced.
 
For example, normally when you have to replace some part and make a claim towards this replacement, you will not get the full cost of the part but only the depreciated cost depending on how old your vehicle is. Older the vehicle lower the value, however you can protect yourself against depreciation with this cover. If you take this cover, you will be paid full value of the parts without deduction of any amount towards depreciation. This means you do not have to pay out of your pocket towards the replacement of the parts.
 
What is Covered?
 

• Where a claim is admitted for repairs depreciation stipulated in Section I of the Policy will not apply in respect of parts replaced, if the Policy has been issued subject to this Add-on Cover.
• We will pay the cost of those parts that need replacement, in full without any deduction towards depreciation.  

 
What is not Covered?    
 

• The amount of total deductible mentioned in the policy schedule.
• Damage caused by an uninsured peril including mechanical breakdown.
• Damage to uninsured items including accessories and bi-fuel/gas kit.
• Claims made for theft of parts and/or accessories.
• Claims made under Self Authorization Mode.
• Parts/Items/Paintwork etc. that are specifically excluded from the scope of the policy.
• Deductibles: As per the base Package Policy

 
Minimum Premium: The cover will be subject to a minimum premium of Rs.100/-.
 
Other Conditions:    
 
• The Cover will be offered on annual basis and will run concurrently with the Package policy of the vehicle.
• Mid-term inclusion or removal of this cover shall not be allowed.
• The Cover is not available for imported vehicles and obsolete models that are no more in production and whose parts are not available off the shelf.
 Pricing: Based on the vehicles IDV, Age, Engine size and Make   
 
UIN No: IRDAN102A0001V01201011

If the windscreen glass (front and/or rear) of your car accidentally breaks and needs to be repaired / replaced, we will repair / replace the same without your No Claim Bonus getting affected. This will not be treated as an Own Damage claim and will not affect your No claim bonus next year. 
Normally, you would lose the accumulated No Claim Bonus on claiming for such repair/replacement. With this cover, you can protect your No Claim Bonus in spite of claiming for repair/replacement of your windscreen glass.

What is Covered? 

• This cover is applicable only when the windshield glass is broken and there are no damages to the vehicle.
• The vehicle is repaired in a garage / workstation of our choice within the city where you reside based on the residential address provided for this insurance.
• If the windshield glass is repaired / replaced at any other place, the incident will be treated as a separate claim and the No Claim Bonus will be affected.
•  Only for the first claim for replacement of windshield glass, during the year.
• Subsequent claims for Windshield glass will not qualify for continuation of No Claims Bonus.

 

What is not Covered? 

• The amount of total deductible mentioned in the policy schedule.
• Damage caused by an uninsured peril.
• Manufacturing defects.
• Depreciation on parts, if the depreciation waiver clause is not opted.
• Cover to be opted at the inception of the Commercial vehicle Package Policy and shall run concurrently with the Package Policy. Mid-term inclusion and/or removal of the cover are not permissible.

 

Deductibles: As per the base Package Policy.

Minimum Premium: The cover will be subject to a minimum premium of Rs.50.

Pricing: Based on the vehicles IDV, Age and Make.   

UIN No: IRDAN102A0002V01201011

Normally the Personal Accident Cover to Owner Driver under a motor policy can be opted for a capital sum insured (CSI) of Rs 15 lacs. By opting for this cover, you are hereby covered for an additional CSI as mentioned in the policy schedule.

 

WHAT IS COVERED:

• The Company undertakes to pay compensation as per the following scale for bodily injury/ death sustained by the owner-driver of the vehicle, in direct connection with the vehicle insured or whilst driving or mounting into/dismounting from the vehicle insured or whilst traveling in it as a co-driver, caused by violent accidental external and visible means which independent of any other cause shall within six calendar months of such injury result in:
  • 100% of Cumulative Sum Insured for death only, Loss of Two Limbs or sight of two eyes or one limb and sight of one eye & Permanent Total Disablement from injuries other than named above.
  • 50% of Cumulative Sum Insured for Loss of one Limb or Sight of one eye.

Provided always that

A) Compensation shall be payable under only one of the items (i) to (iv) above in respect of the owner-driver arising out of any one occurrence and the total liability of the insurer shall not in the aggregate exceed the sum of Rs…………lakhs (As per Policy schedule) during any one period of insurance.

B)  No compensation shall be payable in respect of  death   or  bodily  injury directly or indirectly  wholly or in part arising or resulting  from or traceable to (1)  intentional self-injury suicide or attempted suicide physical defect or infirmity  or  (2)  an  accident  happening whilst  such  person  is under  the influence  of intoxicating liquor  or drugs.

C)  Such compensation shall be payable directly to the insured or to his/her legal representatives whose receipt shall be the full discharge in respect of the injury to the insured.

• This cover is subject to:

D)  This cover is subject to:

• The owner-driver is registered owner of the vehicle insured herein.
• The owner-driver is the insured named in this policy
• The owner-driver holds an effective driving license, in accordance with the provisions of Rule 3 of the Central Motor Vehicles Rules, 1989, at the time of the accident

 

WHAT IS NOT COVERED:

 

Death or injury directly or indirectly, wholly or in part arising or resulting from or traceable to:

•  

(a) Intentional self-injury, suicide or attempted suicide, physical defect or infirmity and / or

(b) An accident happening whilst such person is under the influence of intoxicating liquor or drugs.

 

Geographical Limit: This cover can be offered to any vehicle registered in India and plying within India

 

Pricing: Based on the additional CSI opted.

 

CONDITIONS:

 

• Claim will be admissible and / or payable only in case of the above-mentioned injury details.
• Compensation shall be payable under only one of the items mentioned above in respect of owner-driver, arising out of any one occurrence and total liability of the insurer shall not in the aggregate exceed the sum of Rs………
• Such compensation shall be payable directly to the insured or to his/her legal representatives whose receipt shall be the full discharge in respect of the injury to the insured.
• This cover is over and above the PA to Owner Driver cover already available in the base policy.
• Capital Sum Insured to be in multiples of Rs. 1,00,000 only

 

This add on cover is also subject to the terms, conditions and exceptions of the policy to which this add-on cover is attached

 

CANCELLATION CLAUSE:

This Add on Cover will be cancelled along with Base Policy and no refund of premium will be made if:

 

• Any PA claim fraudulently made
• Any misrepresentation / concealment of facts resulting in a claim

 

 

ENHANCED PA COVER TO PAID DRIVER/CONDUCTOR/CLEANER

 

Normally the Personal Accident Cover under a motor policy can be opted for a maximum capital sum insured (CSI) of Rs 2 lacs. By opting for this cover, you are hereby covered for an additional CSI as mentioned in the policy schedule.

 

WHAT IS COVERED:

• In consideration of the payment of an additional premium, it is hereby understood and agreed that the insurer undertakes to pay compensation on the scale provided below for bodily injury as hereinafter defined sustained by the paid driver/conductor/cleaner in the employ of the insured in direct connection with the vehicle insured whilst mounting into dismounting from or traveling in the insured vehicle and caused by violent accidental external and visible means which independently of any other cause shall within six calendar months of the occurrence of such injury result in:
  • 100% of Cumulative Sum Insured for death only, Loss of Two Limbs or sight of two eyes or one limb and sight of one eye & Permanent Total Disablement from injuries other than named above.
  • 50% of Cumulative Sum Insured for Loss of one Limb or Sight of one eye.

Provided always that

A) compensation shall be payable under only one of the items (i) to (iv) above in respect of any such person arising out of any one occurrence and total liability of the insurer shall not in the aggregate exceed the sum of Rs…………lakhs (As per Policy schedule) during any one period of insurance in respect of any such person.

B)  no compensation shall be payable in respect of  death   or  bodily  injury directly or indirectly  wholly or in part arising or resulting  from or traceable to (1)  intentional self-injury suicide or attempted suicide physical defect or infirmity  or  (2)  an  accident  happening whilst  such  person  is under  the influence  of intoxicating liquor  or drugs.

C)  such compensation shall be payable only with the approval of the insured named in the policy and directly to the injured person or his/her legal representative(s) whose receipt shall be a full discharge in respect of the injury of such person.

 

WHAT IS NOT COVERED:

 

Death or injury directly or indirectly, wholly or in part arising or resulting from or traceable to:

•  

(a) Intentional self-injury, suicide or attempted suicide, physical defect or infirmity and / or

(b) An accident happening whilst such person is under the influence of intoxicating liquor or drugs.

 

Geographical Limit: This cover can be offered to any vehicle registered in India and plying within India

 

Pricing: Based on the additional CSI opted.

 

CONDITIONS:

 

• Claim will be admissible and / or payable only in case of the above-mentioned injury details.
• Compensation shall be payable under only one of the items mentioned above in respect of paid driver arising out of any one occurrence and total liability of the insurer shall not in the aggregate exceed the sum of Rs………
• Compensation shall be payable only with the approval of the insured named in the policy and directly to the injured person or his/her legal representative(s) whose receipt shall be a full discharge in respect of the injury of such person.
• This cover is over and above the PA cover already available in the base policy. Hence this cover can be opted only if the limit under the PA cover available in base policy is exhausted.
• Capital Sum Insured to be in multiples of Rs. 1,00,000 only

 

This add on cover is also subject to the terms, conditions and exceptions of the policy to which this add-on cover is attached

 

CANCELLATION CLAUSE:

This Add on Cover will be cancelled and no refund of premium will be made if:

 

• Any PA claim fraudulently made
• Any misrepresentation / concealment of facts resulting in a claim