It will cover the consequential damage to the internal parts of the engine arising out of water ingression or out of leakage of lubricating oil due to an accident.

It is also referred as nil depreciation cover or bumper to bumper policy. It offers full claim on the value of parts replaced due to accident without any deduction for depreciation.

It provides protection in the event of damage, accident or theft of the insured vehicle. It does not provide cover to third-party liability for damages to property of third party as well as for bodily injuries. The insurance policy can be enhanced through add-on covers that offer extended benefits.

It is often referred to as a package policy, as it includes third-party liability cover and the expenses incurred by the policyholder in the event of damage or theft of the insured vehicle. The comprehensive insurance policy can be enhanced through add-on covers that offer extended benefits

Called as Liability Only Policy or earlier called as Act Only Liability Policy. This type of insurance policy is mandated by law for all motor vehicles plying on the roads. 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.Third-party liability insurance only covers minimal risks as required and is compulsory as per law and it does not protect the policyholder from damage or theft of the insured vehicle.

The Commercial Vehicle Insurance is coverage for vehicles that are used for commercial purposes and not for private or personal use. This includes but is not limited to trucks, buses, heavy commercial vehicles, light commercial vehicles, multi-utility vehicles, agricultural vehicles, taxis, ambulances and auto-rickshaws. The policy provides financial coverage against fire, theft, natural calamities, accident, riots, etc. and also covers personal accident & Third-party liability.

This insurance policy covers two-wheelers like a scooter, bike and other two wheelers. The policy provides financial coverage against fire, theft, natural calamities, accident, riots, etc. and also covers personal accident & Third-party liability.

This is a type of motor insurance policy that covers a car used for private or personal use. The policy provides financial coverage against fire, theft, natural calamities, accident, riots, etc. and also covers personal accident & Third-party liability.

Healthpedia Newsletter April 2022