Magma HDI Liability Only Policy

• Cover for liability to third party
• Personal accident cover for Owner cum Driver
• Enhance policy coverage with additional covers
• Cashless claim service at network garages

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. The personal accident cover during any one period of insurance is available up to an amount, as specified under the policy schedule.

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

• Personal Accident Cover: Personal accident cover of Rs 1 lakh for two wheelers and Rs 2 lakh for other vehicles for individual owners of the vehicle while driving. Occupants of vehicle are covered for personal accident up to a maximum sum Insured of Rs 1 lakh for two wheelers and Rs 2 lakh for other vehicles.
• Additional Legal Liabilities: Legal liabilities for paid driver/conductor/cleaner employed, employees travelling in/driving the vehicle other than paid driver and non-fare paying passengers are covered.
• Bi-fuel Kit: This add-on covers CNG-LPG 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
• Loss /Damage caused due to War/Mutiny/Nuclear risks, etc.