As it is mandated by law, not having motor insurance is a violation of traffic laws and is a punishable offence. Therefore, it is important to have a motor insurance policy.
It provides protection against permanent total disability and death due to an accident.
Customer is eligible for this benefit for every claim-free year. Additional discount as per Indian Motor Tariff is offered on renewals.
This insurance provides cover to third-party liability for damages to property of third party as well as for bodily injuries or death of persons.
The damages to the vehicle due to the following perils are usually covered under Own Damage (OD) section of the Motor Insurance policy:
While in Transit by Rail / Road, Inland waterways, Lift, Elevator or Air
Land slide / Rock slide
This cover provides financial protection for repair or replacement of the tyres. In case of any accidental damage, cuts or loss to the tyres.
In case of a Total Loss / Constructive Total Loss or Theft it covers the gap between the Insured Declared Value and the Invoice Value for purchasing a new vehicle of same make & model along with the registration and other applicable taxes.
Components that are used in a vehicle such as nuts and bolts, screen washers, engine oil, etc. are collectively referred to as consumables. The insurance company does not bear the cost of these components at the time of a claim, with this add-on cover customer will receive coverage for consumables.
The roadside assistance add-on provides assistance in case the vehicle breaks down in transit. The add-on provides the necessary assistance, be it repairs like battery breakdown, minor repairs, flat tyre, towing the vehicle to a service station, and others.
