Three point Protection to your Vehicle
 • Section I covers the damage to vehicle
 • Section II covers Liability to third parties
 • Section III covers Personal Accident to Owner Driver

Covers under Section I
  The damages to car due to the following 10 accidents are covered in section I
  Fire, Lightning Burglary, Theft Riot and Strike Earthquake Flood, Inundation, Storm, Frost Accidental External means Malicious Act Terrorist Act Whilst in Transit Landslide, Rockslide

Covers under Section II
 • Third Party Liabilities in respect of Death, Bodily Injuries and Property Damages are coveredas per provisions of Motor Vehicles Act.
 • Insurance will also undertake defense costs on behalf of the Insured.
 • Any payment without the consent of the Insurance Company will not be reimbursed.

Covers under Section III
  It is an accepted principle of General Law that a person can’t be benefitted from his own faults. If the owner driver dies/injures himself due to his own fault, no insurance is available on two counts viz.
    A. He is not the Third Party
    B. He can’t benefit from his own fault.
  To provide relief, a compulsory Personal Accident cover for Rs.2 lakh for the registered owner mentioned in the policy is instituted.
  The claim is not admissible if the driver was under the influence of liquor/drugs, not having valid driving licence or in case of sucide attempts.

Exceptions
 • Accident outside India.
 • Any Liability incurred out of contract
 • Vehicle used for hire or reward, speed testing, carriage of goods etc. OR driven by person without valid driving license
 • Any Consequential Loss OR Loss cause by radiation or Nuclear waste
 • Loss caused by Nuclear weapon and Loss caused by War, invasion, foreign enemies or warlike operations

There are certain terms used in the Policy which have got special meanings.

IDV:
 • Insured Declared Value means the sum insured value of the vehicle. Premium is calculated on this value. The value is 95% of the Ex show room price for the new vehicle, 85% after I year, 80% after 2nd year, 70%, 60% and 50 % after subsequent years.
 • In effect the Sum Insured is fixed automatically. The IDV will be paid in case of total loss of vehicle.
 • For vehicle more than 5 years and obsolete models the IDV is fixed on understanding between the Insurance Company and the Insured.
Depreciation:
 • In case of Partial damage to the Car, depreciation applicable is provided in the table which mandatory.
 • Depreciation for the first 6months,1,2,3,4 ,5 and 5- 10 years is NIL,5,10,15,25,35,and 40% respectively. For more than 10 years -50%.
 • Irrespective of the age of the vehicle, the following depreciation is applicable for the below parts.

Glass Parts	NIL
Rubber, Nylon, Tyre, Tube, Air Bag, Plastic,Batteries	50%
Fibre Glass	30%

Hence the claim amount is ascertained without any bias as the depreciation rates are fixed

Deductibles
  The moral responsibility of meeting some of the claim expenses on own account is made legal by the term Deductibles. The first , say Rs.1,500 of each and every claim has to be borne by the Insured.
  By this, small claims are avoided.

Basic Requirements

Electrical / Electronic fittings
  If such parts comes with the vehicle the same would have got included in the IDV. If you have separately fitted such items , they have to be specifically declared and insured
Unnamed Passenger Personal Accident Cover
  In case of individually owned cars, PA cover for unnamed passenger is granted up to Rs. 2 lakh per person. Premium depends on the capacity of the car including driver which is Rs. 100/- per seat. The cover can be extended to Drivers also.
  WC Liability for Driver is in built in the Liability Premium and hence wider legal liability for the Driver can be done by paying additional Rs. 50/-.
Transfer
  In case of Transfer of vehicle it is always prudent to transfer the Insurance Policy without delay.
Material Alteration
  If you change the engine from Petrol to CNG, information to be provided. Any material alteration has to be informed.

ADD On Covers
  Some additional covers are required over and above the traditional covers. As per norms, every Add on cover has to be filed with IRDA. Hence the nature and features of add on cover differs from company to company. You choose the cover you require. We will suggest the Company which offers the cover at the optimum premium.

Depreciation Waiver Clause

What is covered?
 1. All plastic parts without applying depreciation in case of a claim.
 2. All metal parts without applying depreciation in case of a claim.
 3. You need not bear any portion of any depreciable parts. The cost of all parts necessitating replacement will be allowed in full.
What is not covered?
 1. The amount of total deductible mentioned in the policy schedule.
 2. Damage caused by an uninsured peril including mechanical breakdown.
 3. Damage to uninsured items including accessories and bi-fuel/gas kit.
 4. Claims made for theft of parts and/or accessories.
 5. Claims made under Self Authorisation Mode.

Deductibles: As per the base Package Policy
Minimum Premium: The cover will be subject to a minimum premium of Rs.100/-.

Other Conditions:
 1. The Cover will be offered on annual basis and will run concurrently with the Package policy of the vehicle.
 2. Mid-term inclusion or removal of this cover shall not be allowed.
 3. Cover available only for vehicles upto 3 years of age.
 4. 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