Kotak Car Secure Policy

• Loss/damage cover for the vehicle insured
• Cover for liability to third party
• Personal accident cover for owner cum driver
• NCB benefit for no-claim policy year
• Avail discounts on premium
• Optional covers to boost policy coverage
• Cashless servicing at authorized garages

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 2 lakhs is payable towards personal accident cover during any one period of insurance.

No Claim Bonus

In case of a claim-free policy year, No Claim Bonus (NCB) is payable as 20%, 25%, 35%, 45% & 50% and it is offered on policy renewal. It is expressed as a percentage of discount on ‘Own Damage’ premium. No Claim Bonus will be applicable, in case the policy is renewed within 90 days from the expiry date of the previous policy.

Discount

You can get discount for opting voluntary deductible and member of a recognized Automobile Association of India.

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Depreciation Cover: It pays the depreciation amount deducted on the value of the parts replaced for an approved claim, in case of loss or damage caused to the vehicle insured.
• Consumables Cover: Cost of consumables such as Engine oil, Gear box oil, Brake oil, Power steering oil, etc. that may incur while replacing/replenishing the damaged vehicle, following an accident, is payable upon opting this add-on cover.
• Return to Invoice: In the event of a Total loss/ Constructive Total Loss (CTL) or Total Theft of the vehicle, it pays the ‘shortfall amount’ between the amount received and the current replacement value of the vehicle if the same make model is available. This cover is applicable to new vehicles only.
• Road Side Assistance: With this add-on cover, policyholders can get assistance while on the road. It provides service for emergencies such as towing on breakdown/accident, arrangement/supply of fuel, arrangement of keys, repair of flat tyre, battery jump start, etc. You can make a maximum of four claims for emergency assistance services.
• Engine Protect: It covers the consequential damage to the internal parts of the Engine & Gear Box of the Insured Vehicle arising out of water ingression leakage of lubricating oil following damage to Engine parts, differential parts and Gear box parts due to Accidental means.
• Loss of Accessories Cover: This add-on covers loss of electrical/non-electrical accessories, as stated in the policy schedule.
• Bi-Fuel Kit: This policy also provides cover for bi-fuel kit.

Following are the conditions that are not covered under this policy:

• Vehicle is used outside the geographical area
• Vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
• Any claim arising out of contractual liability
• Loss /Damage outside India
• Mechanical breakdown
• Consequential loss
• Depreciation, wear and tear
• Intoxicated driving, etc.